HASI
HA Sustainable Infrastructure Capital, Inc.
There isn't enough reported data to score HASI yet.
IREN
IREN Limited
There isn't enough reported data to score IREN yet.
HASI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
HASI's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like HASI.
IREN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| N/A | |
| N/A |
IREN's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like IREN.
HASI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $38.86 | — |
| Cheap | 17x | $16.68 | -57% |
| Fair | 30x | $30.15 | -22% |
| Current | 38x | $38.86 | — |
| Expensive | 58x | $58.09 | +49% |
Historical ranges are pointers, not guarantees.
HASI's PE is 38x, but its earnings don't support one, so it isn't a reliable read right now.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
HASI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| -- | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for HASI, with profitability holding steady. However, they disagree widely on these estimates.
IREN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect IREN's losses to grow, with revenue growing. However, they disagree widely on these estimates.
HASI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.21 | +218% |
| Q3 2026 | $1.01 | -57% |
| Q2 2026 | $0.58 | -64% |
| Q1 2026 | $0.40 | -63% |
| Q4 2025 | $1.41 | -13% |
| Q3 2025 | $2.37 | +27% |
| Q2 2025 | $1.59 | -29% |
| Q1 2025 | $1.08 | -50% |
| Q4 2024 | $1.62 | +14% |
HASI has the edge over IREN on earnings quality, reporting a profit while its opponent remains loss making.
IREN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.96 | -347% |
| Q2 2026 | -$2.22 | -988% |
| Q1 2026 | $0.51 | +$1.10 |
| Q4 2025 | $1.18 | +$1.62 |
| Q3 2025 | $1.60 | +$1.99 |
| Q2 2025 | $0.25 | +$0.45 |
| Q1 2025 | -$0.59 | -$0.43 |
| Q4 2024 | -$0.44 | -$0.15 |
IREN has swung to a loss: it lost $3.96 per share over the past year, after a profit the year before.
HASI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $114.5M | +11% |
| Q2 2026 | $120.8M | +41% |
| Q1 2026 | $124.2M | +28% |
| Q4 2025 | $114.8M | +13% |
| Q3 2025 | $103.1M | +26% |
| Q2 2025 | $85.7M | -9.3% |
| Q1 2025 | $96.9M | -8.4% |
| Q4 2024 | $101.3M | +17% |
HASI's revenue has grown year over year for five quarters in a row: $114M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 166% | +51 points |
| Q2 2026 | 156% | -4.7 points |
| Q1 2026 | -84% | -169 points |
| Q4 2025 | -57% | -148 points |
| Q3 2025 | 116% | +148 points |
| Q2 2025 | 161% | +122 points |
| Q1 2025 | 85% | -77 points |
| Q4 2024 | 91% | -57 points |
HASI has the edge over IREN on profitability, with a higher operating margin.
IREN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $228M | -5.1% |
| Q2 2026 | $137.2M | -27% |
| Q1 2026 | $144.8M | 0% |
| Q4 2025 | $184.7M | +59% |
| Q3 2025 | $240.3M | +355% |
| Q2 2025 | $187.3M | +230% |
| Q1 2025 | $144.8M | +168% |
| Q4 2024 | $116.1M | +176% |
IREN's revenue has held roughly level: $228M last quarter, down 5.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -82% | -50 points |
| Q2 2026 | -452% | -461 points |
| Q1 2026 | -161% | -180 points |
| Q4 2025 | -63% | -79 points |
| Q3 2025 | -32% | +57 points |
| Q2 2025 | 9% | +49 points |
| Q1 2025 | 19% | +8 points |
| Q4 2024 | 15% | +21 points |
IREN's operating margin was −82% last quarter, down 50 points from the same quarter a year ago.
HASI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $56.2M | +$178M |
| Q2 2026 | $68M | -14% |
| Q1 2026 | $15.6M | +$52.7M |
| Q4 2025 | $246.7M | +$258.9M |
| Q3 2025 | -$121.8M | -655% |
| Q2 2025 | $79.6M | +$104.4M |
| Q1 2025 | -$37.1M | -277% |
| Q4 2024 | -$12.2M | -266% |
HASI has the edge over IREN on cash generation, producing positive trailing cash flow while its opponent burns cash.
IREN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.6B | -$1.6B |
| Q2 2026 | $482.2M | +2895% |
| Q1 2026 | -$873.8M | -$523.1M |
| Q4 2025 | -$468M | -$334M |
| Q3 2025 | -$38M | +$349.4M |
| Q2 2025 | $16.1M | +$179M |
| Q1 2025 | -$350.7M | -$128.7M |
| Q4 2024 | -$134M | -$105.2M |
IREN's free cash flow was −$2.5B over the past year, against −$507M the year before. Free cash flow isn't a meaningful measure for financial services companies like IREN.
HASI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +687K shares |
| 1 year | +2.8% | +4M shares |
| 3 years | +32% | +34.4M shares |
| 5 years | +81% | +64.2M shares |
| Available history | +122% | +78.8M shares |
HASI has the edge over IREN on shareholder dilution, with a more favorable share count trend.
IREN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +26% | +82.4M shares |
| 1 year | +10% | +36.9M shares |
| 3 years | +511% | +333M shares |
| 5 years | +624% | +344M shares |
| Available history | +2346% | +382M shares |
IREN has 399M diluted shares, up 10% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
HASI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 22.6x | High |
| Q2 2026 | 28.6x | High |
| Q1 2026 | 41.7x | High |
| Q4 2025 | 14.7x | High |
| Q3 2025 | 10.1x | High |
| Q2 2025 | 14.3x | High |
| Q1 2025 | 22.2x | High |
| Q4 2024 | 13.6x | High |
HASI's net debt is more than 20 years of its operating earnings (EBITDA), up from 10 years a year ago. Net leverage isn't a meaningful measure for financial services companies like HASI.
IREN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2026 | 157.6x | High |
| Q4 2025 | 22.2x | High |
| Q3 2025 | 4.1x | High |
| Q2 2025 | 2.0x | Moderate |
| Q1 2025 | 3.3x | Elevated |
| Q4 2024 | -4.6x | Net Cash |
| Q3 2024 | -16.7x | Net Cash |
| Q2 2024 | -15.9x | Net Cash |
IREN's net debt is more than 20 years of its operating earnings (EBITDA), up from 3.3 years a year ago. Net leverage isn't a meaningful measure for financial services companies like IREN.
HASI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.0 | Neutral |
| Stochastic | 38.5 | Neutral |
HASI's weekly RSI is 55 (neutral) and its Stochastic is 39 (neutral).
IREN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.3 | Neutral |
| Stochastic | 8.2 | Oversold |
IREN's weekly RSI is 33 (neutral) and its Stochastic is 8 (oversold).
HASI PE vs Financial Services Sector
| Metric | HASI | Sector median | Relative |
|---|---|---|---|
| PE | 38x | 13x | 196% above |
| PE % | 61 | 63 | 2 pts below |
HASI is trading at 38x earnings, a 196% premium to the Financial Services sector's median of 13x, though its earnings don't support one.
IREN PE vs Financial Services Sector
| Metric | IREN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
IREN has no meaningful PE right now: it lost money over the past year.
HASI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $37.1 | 4.7% above |
| 20 week MA | $38.1 | 1.9% above |
| 50 week MA | $37.5 | 3.6% above |
| 100 week MA | $32.8 | 19% above |
| 200 week MA | $30.2 | 29% above |
HASI has the edge over IREN on trend strength, trading above more of its moving averages.
IREN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.8 | 35% below |
| 20 week MA | $36.2 | 46% below |
| 50 week MA | $42.8 | 54% below |
| 100 week MA | $32.0 | 39% below |
| 200 week MA | $19.1 | 2.1% above |
IREN has fallen below most of its moving averages, though it's still 2.1% above its 200-week average.
HASI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.1 | $65.4 | +103% |
| 2021 | $65.4 | $53.2 | -19% |
| 2022 | $53.2 | $30.2 | -43% |
| 2023 | $30.2 | $27.6 | -8.8% |
| 2024 | $27.6 | $27.4 | -0.7% |
| 2025 | $27.4 | $32.9 | +20% |
| 2026 YTD | $32.9 | $38.9 | +18% |
HASI has the edge over IREN on returns for 2026, with the stronger performance.
IREN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $24.8 | $17.2 | -31% |
| 2022 | $17.2 | $1.19 | -93% |
| 2023 | $1.19 | $7.15 | +501% |
| 2024 | $7.15 | $10.7 | +50% |
| 2025 | $10.7 | $40.3 | +276% |
| 2026 YTD | $40.3 | $19.5 | -52% |
IREN's yearly returns have swung widely, from +501% in 2023 to −93% in 2022. It's down 52% so far in 2026.