Hannon Armstrong Sustainable Infrastructure Capital (HASI) financial statements
Hannon Armstrong Sustainable Infrastructure Capital reported revenue of $401M in fiscal 2025, up 19.4% a year over 9 years.
Net income was $185M.
The diluted share count rose 243% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Hannon Armstrong Sustainable Infrastructure Capital's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $81M | $106M | $139M | $142M | $187M | $213M | $240M | $320M | $384M | $401M |
| Selling, general and admin | $8M | $11M | $15M | $15M | $15M | $20M | $30M | $31M | $33M | $31M |
| Interest expense | $45M | $65M | $77M | $64M | $92M | $122M | $116M | $171M | $242M | $292M |
| Pre-tax income | $15M | $32M | $44M | $90M | $80M | $145M | $49M | $182M | $274M | $273M |
| Income tax | $141,000 | $885,000 | $2M | $8M | -$3M | $17M | $7M | $32M | $70M | $85M |
| Net income | $15M | $31M | $42M | $82M | $82M | $127M | $42M | $149M | $200M | $185M |
| EPS (diluted) | $0.32 | $0.57 | $0.75 | $1.24 | $1.10 | $1.51 | $0.47 | $1.42 | $1.62 | $1.41 |
| Diluted shares | 40M | 50M | 53M | 65M | 74M | 88M | 91M | 109M | 131M | 138M |
| Net margin | 18.0% | 29.1% | 29.8% | 57.6% | 44.1% | 59.4% | 17.3% | 46.5% | 52.1% | 46.1% |
Balance sheet
Fiscal years, from Hannon Armstrong Sustainable Infrastructure Capital's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $29M | $57M | $21M | $6M | $286M | $226M | $156M | $63M | $130M | $110M |
| Total assets | $1.7B | $2.3B | $2.2B | $2.4B | $3.5B | $4.1B | $4.8B | $6.6B | $7.1B | $8.2B |
| Total liabilities | $1.2B | $1.6B | $1.4B | $1.4B | $2.2B | $2.6B | $3.1B | $4.4B | $4.7B | $5.5B |
| Shareholders' equity | $574M | $643M | $805M | $940M | $1.2B | $1.6B | $1.7B | $2.1B | $2.4B | $2.7B |
| Net debt | -$29M | -$57M | -$21M | -$6M | -$286M | -$226M | -$156M | -$63M | -$130M | -$110M |
Cash flow
Fiscal years, from Hannon Armstrong Sustainable Infrastructure Capital's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $57M | $12M | $59M | $29M | $73M | $13M | $230,000 | $100M | $6M | $167M |
| Stock-based compensation | $10M | $11M | $10M | $14M | $17M | $17M | $20M | $20M | $26M | $30M |
| Dividends paid | $49M | $68M | $71M | $86M | $100M | $114M | $132M | $160M | $192M | $210M |
| Net borrowing | — | — | — | — | — | — | -$50M | $30M | $70M | $126M |
| Dividends per share | $1.23 | $1.35 | $1.34 | $1.33 | $1.34 | $1.29 | $1.46 | $1.46 | $1.47 | $1.52 |
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What was Hannon Armstrong Sustainable Infrastructure Capital's revenue in 2025?
$401M in fiscal 2025, from its 10-K filing.
From Hannon Armstrong Sustainable Infrastructure Capital's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.