Growth Metrics

HA Sustainable Infrastructure Capital (HASI) Free Cash Flow (2012 - 2026)

HA Sustainable Infrastructure Capital's quarterly Free Cash Flow came in at -$183.3 million in Q1 2026, down 4.91% year-on-year from -$192.8 million in Q1 2025, and down 8.53% quarter-over-quarter from -$168.9 million in Q4 2025.

HA Sustainable Infrastructure Capital has reported Free Cash Flow for 15 years, with the latest figure at -$183.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow fell 4.91% year-over-year to -$183.3 million; the trailing twelve-month figure through Mar 2026 stood at -$884.8 million (down 41.32% YoY), and the FY2025 full-year result was -$876.2 million, down 32.5% from the prior year.
  • Free Cash Flow for Q1 2026 stood at -$183.3 million, down from -$168.9 million in the prior quarter.
  • The five-year high for Free Cash Flow was $90.9 million in Q3 2022, with the low at -$672.0 million in Q3 2023.
  • Average Free Cash Flow over 5 years is -$174.4 million, with a median of -$168.9 million recorded in 2025.
  • Year-over-year, Free Cash Flow surged 123.69% in 2022 and slumped 4138.02% in 2023.
  • Tracing HASI's Free Cash Flow over 5 years: stood at -$63.7 million in 2022, then plunged by 394.23% to -$315.0 million in 2023, then surged by 43.57% to -$177.8 million in 2024, then advanced by 5.0% to -$168.9 million in 2025, then slipped by 8.53% to -$183.3 million in 2026.
  • The last three Free Cash Flow figures came in at -$183.3 million (Q1 2026), -$168.9 million (Q4 2025), and -$462.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - -1.09 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 957.64 Mn
3 Kkr 84.94 Bn 132.45 Bn - 1.72 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 332.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 1.62 Bn
6 State Street 44.42 Bn 18.75 Bn - -12.41 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 430.00 Mn
8 Northern Trust 31.21 Bn 31.21 Bn - -329.40 Mn
9 Ares Management 28.85 Bn 32.22 Bn - 390.87 Mn
10 HA Sustainable Infrastructure Capital 5.13 Bn 5.10 Bn - -183.30 Mn

Historic Data

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DateValue
Mar 31, 2026 -183.30 Mn
Mar 31, 2026 -183.30 Mn
Dec 31, 2025 -168.90 Mn
Dec 31, 2025 -168.90 Mn
Sep 30, 2025 -462.68 Mn
Sep 30, 2025 -462.68 Mn
Jun 30, 2025 -69.88 Mn
Jun 30, 2025 -69.88 Mn
Mar 31, 2025 -174.72 Mn
Mar 31, 2025 -174.72 Mn
Dec 31, 2024 -177.80 Mn
Dec 31, 2024 -177.80 Mn
Sep 30, 2024 -132.26 Mn
Sep 30, 2024 -132.26 Mn
Jun 30, 2024 -141.28 Mn
Jun 30, 2024 -141.28 Mn
Mar 31, 2024 -209.95 Mn
Mar 31, 2024 -209.95 Mn
Dec 31, 2023 -315.04 Mn
Dec 31, 2023 -315.04 Mn
Sep 30, 2023 -672.05 Mn
Sep 30, 2023 -672.05 Mn
Jun 30, 2023 -204.04 Mn
Jun 30, 2023 -204.04 Mn
Mar 31, 2023 -48.04 Mn
Mar 31, 2023 -48.04 Mn
Dec 31, 2022 -63.75 Mn
Dec 31, 2022 -63.75 Mn
Sep 30, 2022 90.87 Mn
Sep 30, 2022 90.87 Mn
Jun 30, 2022 5.05 Mn
Jun 30, 2022 5.05 Mn
Mar 31, 2022 -36.49 Mn
Mar 31, 2022 -36.49 Mn
Dec 31, 2021 399.14 Mn
Dec 31, 2021 399.14 Mn
Sep 30, 2021 -383.64 Mn
Sep 30, 2021 -383.64 Mn
Jun 30, 2021 15.99 Mn
Jun 30, 2021 15.99 Mn
Mar 31, 2021 -18.18 Mn
Mar 31, 2021 -18.18 Mn
Dec 31, 2020 -142.67 Mn
Dec 31, 2020 -142.67 Mn
Sep 30, 2020 -16.55 Mn
Sep 30, 2020 -16.55 Mn
Jun 30, 2020 -5.80 Mn
Jun 30, 2020 -5.80 Mn
Mar 31, 2020 -18.02 Mn
Mar 31, 2020 -18.02 Mn
Dec 31, 2019 -225.49 Mn
Dec 31, 2019 -225.49 Mn
Sep 30, 2019 -166.10 Mn
Sep 30, 2019 -166.10 Mn
Jun 30, 2019 -57.81 Mn
Jun 30, 2019 -57.81 Mn
Mar 31, 2019 -18.98 Mn
Mar 31, 2019 -18.98 Mn
Dec 31, 2018 -240.66 Mn
Dec 31, 2018 -240.66 Mn
Sep 30, 2018 7.94 Mn
Sep 30, 2018 7.94 Mn
Jun 30, 2018 -3.23 Mn
Jun 30, 2018 -3.23 Mn
Mar 31, 2018 1.91 Mn
Mar 31, 2018 1.91 Mn
Dec 31, 2017 22.05 Mn
Dec 31, 2017 22.05 Mn
Sep 30, 2017 -16.18 Mn
Sep 30, 2017 -16.18 Mn
Jun 30, 2017 -54.56 Mn
Jun 30, 2017 -54.56 Mn
Mar 31, 2017 -50.76 Mn
Mar 31, 2017 -50.76 Mn
Dec 31, 2016 211.21 Mn
Dec 31, 2016 211.21 Mn
Sep 30, 2016 -75.25 Mn
Sep 30, 2016 -75.25 Mn
Jun 30, 2016 -30.52 Mn
Jun 30, 2016 -30.52 Mn
Mar 31, 2016 -66.28 Mn
Mar 31, 2016 -66.28 Mn
Dec 31, 2015 -70.36 Mn
Dec 31, 2015 -70.36 Mn
Sep 30, 2015 -31.05 Mn
Sep 30, 2015 -31.05 Mn
Jun 30, 2015 -165.39 Mn
Jun 30, 2015 -165.39 Mn
Mar 31, 2015 -4.59 Mn
Mar 31, 2015 -4.59 Mn
Dec 31, 2014 -31.60 Mn
Dec 31, 2014 -31.60 Mn
Sep 30, 2014 91.29 Mn
Sep 30, 2014 91.29 Mn
Jun 30, 2014 -56.04 Mn
Jun 30, 2014 -56.04 Mn
Mar 31, 2014 -26.15 Mn
Mar 31, 2014 -26.15 Mn
Jun 30, 2013 -93.61 Mn
Jun 30, 2013 -93.61 Mn
Mar 31, 2013 -12.85 Mn
Mar 31, 2013 -12.85 Mn
Sep 30, 2012 -91.54 Mn
Sep 30, 2012 -91.54 Mn
Jun 30, 2012 -4.86 Mn
Jun 30, 2012 -4.86 Mn
Mar 31, 2012 -71.14 Mn
Mar 31, 2012 -71.14 Mn