HE
Hawaiian Electric Industries, Inc.
Diversified Utilities
Market Cap$1.96B
5Y Perf.-60.9%
Compare Stocks
2 / 10Try these comparisons:
Stock Comparison
HE vs OTTR
Revenue, margins, valuation, and 5-year total return — side by side.
OTTR
Otter Tail Corporation
Diversified Utilities
Market Cap$3.69B
5Y Perf.+104.7%
HE vs OTTR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | HE | OTTR |
|---|---|---|
| Industry | Diversified Utilities | Diversified Utilities |
| Market Cap | $1.96B | $3.69B |
| Revenue (TTM) | $2.77B | $1.31B |
| Net Income (TTM) | $17M | $280M |
| Gross Margin | 8.3% | 34.9% |
| Operating Margin | 8.3% | 26.4% |
| Forward P/E | 14.4x | 15.9x |
| Total Debt | $3.33B | $1.10B |
| Cash & Equiv. | $1.24B | $386M |
HE vs OTTR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
HE
OTTR
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Hawaiian Electric I… (HE) | 100 | 39.1 | -60.9% |
| Otter Tail Corporat… (OTTR) | 100 | 204.7 | +104.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: HE vs OTTR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: OTTR leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Hawaiian Electric Industries, Inc. is the stronger pick specifically for valuation and capital efficiency and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
HE
Hawaiian Electric Industries, Inc.
The Value Play
HE is the clearest fit if your priority is value and momentum.
- Lower P/E (14.4x vs 15.9x)
- +48.3% vs OTTR's +17.9%
Best for: value and momentum
OTTR
Otter Tail Corporation
The Income Pick
OTTR carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 11 yrs, beta 0.42, yield 2.4%
- Rev growth -2.0%, EPS growth -8.6%, 3Y rev CAGR -3.7%
- 241.8% 10Y total return vs HE's -25.0%
Best for: income & stability and growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | OTTR | -2.0% revenue growth vs HE's -2.1% |
| Value | HE | Lower P/E (14.4x vs 15.9x) |
| Quality / Margins | OTTR | 21.3% margin vs HE's 0.6% |
| Stability / Safety | OTTR | Beta 0.42 vs HE's 0.56, lower leverage |
| Dividends | OTTR | 2.4% yield, 11-year raise streak, vs HE's 1.3% |
| Momentum (1Y) | HE | +48.3% vs OTTR's +17.9% |
| Efficiency (ROA) | OTTR | 7.1% ROA vs HE's 0.2%, ROIC 10.4% vs -28.6% |
HE vs OTTR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
FY 2025
HE vs OTTR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLOTTRLAGGINGHE
HEHawaiian Electric Ind…
1leads
OTTROtter Tail Corporation
5leads
6 Total Categories
CATEGORYLEADERvs HEMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
OTTR4/6
Valuation MetricsMultiples, price ratios, and targets
HE5/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
OTTR8/8
Total Returns1Y, 3Y, 5Y total returns with dividends
OTTR4/6
Risk & VolatilityBeta, volatility, and downside exposure
OTTR2/2
Analyst OutlookRatings, price targets, and dividends
OTTR2/2
Income & Cash Flow (Last 12 Months)
OTTR leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
HE is the larger business by revenue, generating $2.8B annually — 2.1x OTTR's $1.3B. OTTR is the more profitable business, keeping 21.3% of every revenue dollar as net income compared to HE's 0.6%. On growth, OTTR holds the edge at +2.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | HEHawaiian Electric… | OTTROtter Tail Corpor… |
|---|---|---|
| RevenueTrailing 12 months | $2.8B | $1.3B |
| EBITDAEarnings before interest/tax | $523M | $466M |
| Net IncomeAfter-tax profit | $17M | $280M |
| Free Cash FlowCash after capex | $448M | $2M |
| Gross MarginGross profit ÷ Revenue | +8.3% | +34.9% |
| Operating MarginEBIT ÷ Revenue | +8.3% | +26.4% |
| Net MarginNet income ÷ Revenue | +0.6% | +21.3% |
| FCF MarginFCF ÷ Revenue | +16.2% | +0.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | -15.7% | +2.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +119.8% | +6.8% |
OTTR leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
HE leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
| Metric | HEHawaiian Electric… | OTTROtter Tail Corpor… |
|---|---|---|
| Market CapShares × price | $2.0B | $3.7B |
| Enterprise ValueMkt cap + debt − cash | $4.0B | $4.4B |
| Trailing P/EPrice ÷ TTM EPS | -1.37x | 13.41x |
| Forward P/EPrice ÷ next-FY EPS est. | 14.40x | 15.88x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.59x |
| EV / EBITDAEnterprise value multiple | — | 9.49x |
| Price / SalesMarket cap ÷ Revenue | 0.61x | 2.83x |
| Price / BookPrice ÷ Book value/share | 1.29x | 1.99x |
| Price / FCFMarket cap ÷ FCF | 14.36x | 37.64x |
HE leads this category, winning 5 of 5 comparable metrics.
Profitability & Efficiency
OTTR leads this category, winning 8 of 8 comparable metrics.
Profitability & Efficiency
OTTR delivers a 15.2% return on equity — every $100 of shareholder capital generates $15 in annual profit, vs $1 for HE. OTTR carries lower financial leverage with a 0.59x debt-to-equity ratio, signaling a more conservative balance sheet compared to HE's 2.20x.
| Metric | HEHawaiian Electric… | OTTROtter Tail Corpor… |
|---|---|---|
| ROE (TTM)Return on equity | +1.1% | +15.2% |
| ROA (TTM)Return on assets | +0.2% | +7.1% |
| ROICReturn on invested capital | -28.6% | +10.4% |
| ROCEReturn on capital employed | -14.2% | +9.9% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 4 |
| Debt / EquityFinancial leverage | 2.20x | 0.59x |
| Net DebtTotal debt minus cash | $2.1B | $718M |
| Cash & Equiv.Liquid assets | $1.2B | $386M |
| Total DebtShort + long-term debt | $3.3B | $1.1B |
| Interest CoverageEBIT ÷ Interest expense | -14.02x | 7.32x |
OTTR leads this category, winning 8 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
OTTR leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in OTTR five years ago would be worth $19,807 today (with dividends reinvested), compared to $4,185 for HE. Over the past 12 months, HE leads with a +48.3% total return vs OTTR's +17.9%. The 3-year compound annual growth rate (CAGR) favors OTTR at 6.1% vs HE's -25.2% — a key indicator of consistent wealth creation.
| Metric | HEHawaiian Electric… | OTTROtter Tail Corpor… |
|---|---|---|
| YTD ReturnYear-to-date | +22.0% | +8.6% |
| 1-Year ReturnPast 12 months | +48.3% | +17.9% |
| 3-Year ReturnCumulative with dividends | -58.1% | +19.4% |
| 5-Year ReturnCumulative with dividends | -58.2% | +98.1% |
| 10-Year ReturnCumulative with dividends | -25.0% | +241.8% |
| CAGR (3Y)Annualised 3-year return | -25.2% | +6.1% |
OTTR leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
OTTR leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
OTTR is the less volatile stock with a 0.42 beta — it tends to amplify market swings less than HE's 0.56 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. OTTR currently trades 95.2% from its 52-week high vs HE's 88.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | HEHawaiian Electric… | OTTROtter Tail Corpor… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.56x | 0.42x |
| 52-Week HighHighest price in past year | $17.38 | $92.24 |
| 52-Week LowLowest price in past year | $10.14 | $74.15 |
| % of 52W HighCurrent price vs 52-week peak | +88.7% | +95.2% |
| RSI (14)Momentum oscillator 0–100 | 50.6 | 51.4 |
| Avg Volume (50D)Average daily shares traded | 1.9M | 277K |
OTTR leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
OTTR leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates HE as "Hold" and OTTR as "Hold". Consensus price targets imply -7.8% upside for OTTR (target: $81) vs -17.3% for HE (target: $13). For income investors, OTTR offers the higher dividend yield at 2.38% vs HE's 1.33%.
| Metric | HEHawaiian Electric… | OTTROtter Tail Corpor… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $12.75 | $81.00 |
| # AnalystsCovering analysts | 13 | 7 |
| Dividend YieldAnnual dividend ÷ price | +1.3% | +2.4% |
| Dividend StreakConsecutive years of raises | 0 | 11 |
| Dividend / ShareAnnual DPS | $0.20 | $2.09 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
OTTR leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
OTTR leads in 5 of 6 categories (Income & Cash Flow, Profitability & Efficiency). HE leads in 1 (Valuation Metrics).
Best OverallOtter Tail Corporation (OTTR)Leads 5 of 6 categories
Loading custom metrics...
HE vs OTTR: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is HE or OTTR a better buy right now?
For growth investors, Otter Tail Corporation (OTTR) is the stronger pick with -2.
0% revenue growth year-over-year, versus -2. 1% for Hawaiian Electric Industries, Inc. (HE). Otter Tail Corporation (OTTR) offers the better valuation at 13. 4x trailing P/E (15. 9x forward), making it the more compelling value choice. Analysts rate Hawaiian Electric Industries, Inc. (HE) a "Hold" — based on 13 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — HE or OTTR?
On forward P/E, Hawaiian Electric Industries, Inc.
is actually cheaper at 14. 4x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — HE or OTTR?
Over the past 5 years, Otter Tail Corporation (OTTR) delivered a total return of +98.
1%, compared to -58. 2% for Hawaiian Electric Industries, Inc. (HE). Over 10 years, the gap is even starker: OTTR returned +241. 8% versus HE's -25. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — HE or OTTR?
By beta (market sensitivity over 5 years), Otter Tail Corporation (OTTR) is the lower-risk stock at 0.
42β versus Hawaiian Electric Industries, Inc. 's 0. 56β — meaning HE is approximately 33% more volatile than OTTR relative to the S&P 500. On balance sheet safety, Otter Tail Corporation (OTTR) carries a lower debt/equity ratio of 59% versus 2% for Hawaiian Electric Industries, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — HE or OTTR?
By revenue growth (latest reported year), Otter Tail Corporation (OTTR) is pulling ahead at -2.
0% versus -2. 1% for Hawaiian Electric Industries, Inc. (HE). On earnings-per-share growth, the picture is similar: Otter Tail Corporation grew EPS -8. 6% year-over-year, compared to -720. 4% for Hawaiian Electric Industries, Inc.. Over a 3-year CAGR, HE leads at 4. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — HE or OTTR?
Otter Tail Corporation (OTTR) is the more profitable company, earning 21.
2% net margin versus -44. 2% for Hawaiian Electric Industries, Inc. — meaning it keeps 21. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OTTR leads at 26. 5% versus -53. 0% for HE. At the gross margin level — before operating expenses — OTTR leads at 27. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is HE or OTTR more undervalued right now?
On forward earnings alone, Hawaiian Electric Industries, Inc.
(HE) trades at 14. 4x forward P/E versus 15. 9x for Otter Tail Corporation — 1. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for OTTR: -7. 8% to $81. 00.
08Which pays a better dividend — HE or OTTR?
All stocks in this comparison pay dividends.
Otter Tail Corporation (OTTR) offers the highest yield at 2. 4%, versus 1. 3% for Hawaiian Electric Industries, Inc. (HE).
09Is HE or OTTR better for a retirement portfolio?
For long-horizon retirement investors, Otter Tail Corporation (OTTR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
42), 2. 4% yield, +241. 8% 10Y return). Both have compounded well over 10 years (OTTR: +241. 8%, HE: -25. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between HE and OTTR?
Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: HE is a small-cap quality compounder stock; OTTR is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.
Revenue Growth>
%
(HE: -15.7% · OTTR: 2.9%)You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.