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HASI Valuation Multiples
Discover revenue and EBITDA valuation multiples for HASI and similar public comparables like Motilal Oswal, Lazard, Zion Capital Fundo De Investimento Imobiliario, General de Galerias and more.
HASI Overview
About HASI
HA Sustainable Infrastructure Capital Inc is an investor in sustainable infrastructure assets advancing the energy transition. Its investment is focused on actively partnering with clients to deploy capital in income-generating real assets that are supported by long-term recurring cash flows. This enabled to the generation of attractive risk-adjusted returns and provided stockholders with diversified exposure to the energy transition. The company's single reportable segment generates net investment and equity method investment income through investments in energy transition assets and infrastructure projects, as well as revenue through the gain on sale of assets and recurring asset management fees.
Founded
2012
HQ
Employees
178
Website
Sectors
Financials (LTM)
EV
$10B
HASI Financials
HASI reported last 12-month revenue of $418M and EBITDA of $202M.
In the same LTM period, HASI generated $418M in gross profit, $202M in EBITDA, and $355M in net income.
Revenue (LTM)
HASI P&L
In the most recent fiscal year, HASI reported revenue of $409M and EBITDA of $218M.
HASI expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $418M | XXX | $409M | XXX | XXX | XXX |
| Gross Profit | $418M | XXX | — | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | — | XXX | XXX | XXX |
| EBITDA | $202M | XXX | $218M | XXX | XXX | XXX |
| EBITDA Margin | 48% | XXX | 53% | XXX | XXX | XXX |
| EBIT Margin | 56% | XXX | 55% | XXX | XXX | XXX |
| Net Profit | $355M | XXX | $342M | XXX | XXX | XXX |
| Net Margin | 85% | XXX | 84% | XXX | XXX | XXX |
| Net Debt | — | — | $5B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
HASI Stock Performance
HASI has current market cap of $5B, and enterprise value of $10B.
Market Cap Evolution
HASI's stock price is $37.11.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10B | $5B | 0.0% | XXX | XXX | XXX | $2.68 |
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Start Free TrialHASI Valuation Multiples
HASI trades at 23.7x EV/Revenue multiple, and 48.9x EV/EBITDA.
EV / Revenue (LTM)
HASI Financial Valuation Multiples
As of April 10, 2026, HASI has market cap of $5B and EV of $10B.
Equity research analysts estimate HASI's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
HASI has a P/E ratio of 13.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV/Revenue | 23.7x | XXX | 24.2x | XXX | XXX | XXX |
| EV/EBITDA | 48.9x | XXX | 45.4x | XXX | XXX | XXX |
| EV/EBIT | 42.1x | XXX | 43.9x | XXX | XXX | XXX |
| EV/Gross Profit | 23.7x | XXX | — | XXX | XXX | XXX |
| P/E | 13.3x | XXX | 13.9x | XXX | XXX | XXX |
| EV/FCF | 47.9x | XXX | 51.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified HASI Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
HASI Margins & Growth Rates
HASI's revenue in the last 12 month grew by 15%.
HASI's revenue per employee in the last FY averaged $2.3M, while opex per employee averaged $0.8M for the same period.
HASI's rule of 40 is 48% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
HASI's rule of X is 68% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
HASI Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 15% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | 48% | XXX | 53% | XXX | XXX | XXX |
| EBITDA Growth | (18%) | XXX | (27%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 48% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 68% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 8% | XXX | 8% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 33% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
HASI Public Comps
See public comps and valuation multiples for other Asset Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Motilal Oswal | XXX | XXX | XXX | XXX | XXX | XXX |
| Lazard | XXX | XXX | XXX | XXX | XXX | XXX |
| Zion Capital Fundo De Investimento Imobiliario | XXX | XXX | XXX | XXX | XXX | XXX |
| General de Galerias | XXX | XXX | XXX | XXX | XXX | XXX |
| Hamilton Lane | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
HASI M&A Activity
HASI acquired XXX companies to date.
Last acquisition by HASI was on XXXXXXXX, XXXXX. HASI acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by HASI
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHASI Investment Activity
HASI invested in XXX companies to date.
HASI made its latest investment on XXXXXXXX, XXXXX. HASI invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by HASI
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout HASI
| When was HASI founded? | HASI was founded in 2012. |
| Where is HASI headquartered? | HASI is headquartered in United States. |
| How many employees does HASI have? | As of today, HASI has over 178 employees. |
| Who is the CEO of HASI? | HASI's CEO is Jeffrey A. Lipson. |
| Is HASI publicly listed? | Yes, HASI is a public company listed on NYSE. |
| What is the stock symbol of HASI? | HASI trades under HASI ticker. |
| When did HASI go public? | HASI went public in 2013. |
| Who are competitors of HASI? | HASI main competitors are Motilal Oswal, Lazard, Zion Capital Fundo De Investimento Imobiliario, General de Galerias. |
| What is the current market cap of HASI? | HASI's current market cap is $5B. |
| What is the current revenue of HASI? | HASI's last 12 months revenue is $418M. |
| What is the current revenue growth of HASI? | HASI revenue growth (NTM/LTM) is 15%. |
| What is the current EV/Revenue multiple of HASI? | Current revenue multiple of HASI is 23.7x. |
| Is HASI profitable? | Yes, HASI is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of HASI? | HASI's last 12 months EBITDA is $202M. |
| What is HASI's EBITDA margin? | HASI's last 12 months EBITDA margin is 48%. |
| What is the current EV/EBITDA multiple of HASI? | Current EBITDA multiple of HASI is 48.9x. |
| What is the current FCF of HASI? | HASI's last 12 months FCF is $206M. |
| What is HASI's FCF margin? | HASI's last 12 months FCF margin is 49%. |
| What is the current EV/FCF multiple of HASI? | Current FCF multiple of HASI is 47.9x. |
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