8-K Announcements
6Material company update
Apr 10, 2026·SEC
Material company update
Apr 10, 2026·SEC
Material company update
Mar 27, 2026·SEC
Hawaiian Electric Industries, Inc.(HE)Earnings, Financials & Key Ratios
HE•NYSE•Utilities
$15.28
$1.94B mkt cap·Price updated May 6, 2026
SectorUtilitiesIndustryDiversified UtilitiesSub-IndustryUtility holding companies with non-utility businesses
AboutHawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses in the state of Hawaii. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. This segment serves suburban communities, resorts, the United States armed forces installations, and agricultural operations. The Bank segment operates a community bank that offers banking and other financial services to consumers and businesses, including savings and checking accounts; and loans comprising residential and commercial real estate, residential mortgage, construction and development, multifamily residential and commercial real estate, consumer, and commercial loans. This segment operates 42 branches, including 29 branches in Oahu, 6 branches in Maui, 4 branches in Hawaii, 2 branches in Kauai, and 1 branch in Molokai. The Other segment invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. Hawaiian Electric Industries Inc. was incorporated in 1891 and is headquartered in Honolulu, Hawaii.Show more
- Revenue$3.22B-2.1%
- EBITDA-$1.42B-355.5%
- Net Income-$1.42B-814.8%
- Free Cash Flow$136M+25.3%
- EBITDA Margin-44.22%-360.8%
- Net Margin-44.23%-829.8%
- ROE-73.17%-947.6%
- Interest Coverage-14.02-713.5%
- Debt/Equity2.20+61.5%
- CapEx / Revenue10.23%-24.0%
- CapEx Coverage1.41+13.5%
HE Key Insights
Hawaiian Electric Industries, Inc. (HE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Trading at only 1.3x book value
✗Weaknesses
- ✗High debt to equity ratio of 2.2x
- ✗Shares diluted 15.3% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
HE Price & Volume
Hawaiian Electric Industries, Inc. (HE) stock price & volume — 10-year historical chart
Loading chart...
HE Growth Metrics
Hawaiian Electric Industries, Inc. (HE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-0.06%
5 Years2.3%
3 Years4.15%
TTM-10.35%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM101.31%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM99.32%
Return on Capital
10 Years0.78%
5 Years-1.2%
3 Years-3.58%
Last Year-14.17%
HE Recent Earnings
Hawaiian Electric Industries, Inc. (HE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 5/12 qtrs (56%)
Q1 2026Latest
Feb 27, 2026EPS
$0.24
Est $0.24
+1.1%
Revenue
$806M
Est $806M
+0.0%
Q4 2025
Nov 7, 2025EPS
$0.19
Est $0.24
-20.8%
Revenue
$791M
Q3 2025
Aug 7, 2025EPS
$0.20
Est $0.20
+199.0%
Revenue
$746M
Q2 2025
May 9, 2025EPS
$0.23
Est $0.23
+0.0%
Revenue
$744M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 27, 2026 | $0.24vs $0.24+1.1% | $806Mvs $806M+0.0% |
| Q4 2025 | Nov 7, 2025 | $0.19vs $0.24-20.8% | $791M |
| Q3 2025 | Aug 7, 2025 | $0.20vs $0.20+199.0% | $746M |
| Q2 2025 | May 9, 2025 | $0.23vs $0.23+0.0% | $744M |
Based on last 12 quarters of dataView full earnings history →
HE Peer Comparison
Hawaiian Electric Industries, Inc. (HE) competitors in Utility holding companies with non-utility businesses — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 OTTR | 3.73B | 88.89 | 13.57 | -1.99% | 21.34% | 15.21% | 0.59 | |
 AVA | 3.35B | 40.58 | 17.05 | 1.34% | 9.83% | 7.25% | 1.25 | |
 NWE | 4.37B | 71.08 | 24.18 | 6.38% | 10.21% | 5.8% | 1.14 | |
 MGEE | 2.97B | 80.80 | 21.72 | 9.85% | 18.61% | 10.82% | 0.72 | |
 ED | 25.17B | 106.87 | 18.95 | 10.89% | 12.26% | 8.42% | 0.01 | |
 WEC | 37.11B | 113.94 | 23.59 | 13.96% | 16.25% | 11.64% | 1.59 | |
 AEE | 30.32B | 109.59 | 20.48 | 15.43% | 17.17% | 11.6% | 1.47 | |
 POR | 5.65B | 48.82 | 17.69 | -1.95% | 7.22% | 6.25% | 1.34 |
Compare HE vs Peers
Hawaiian Electric Industries, Inc. (HE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HE Income Statement
Hawaiian Electric Industries, Inc. (HE) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.38B | 2.56B | 2.86B | 2.87B | 2.58B | 2.85B | 3.42B | 3.29B | 3.22B | 2.77B |
| Revenue Growth % | -8.54% | 7.35% | 11.94% | 0.46% | -10.24% | 10.49% | 20.02% | -3.9% | -2.06% | -10.35% |
| Cost of Revenue | 2.03B | 2.22B | 2.53B | 2.25B | 2.01B | 2.17B | 2.79B | 2.66B | 4.93B | 2.54B |
| Gross Profit | 348.18M▲ 0% | 338.29M▼ 2.8% | 333.36M▼ 1.5% | 626.78M▲ 88.0% | 568.7M▼ 9.3% | 676.91M▲ 19.0% | 628.69M▼ 7.1% | 627.05M▼ 0.3% | -1.71B▼ 372.2% | 230.56M▲ 0% |
| Gross Margin % | 14.63% | 13.24% | 11.65% | 21.81% | 22.04% | 23.75% | 18.38% | 19.07% | -53.01% | 8.33% |
| Gross Profit Growth % | 7.94% | -2.84% | -1.46% | 88.02% | -9.27% | 19.03% | -7.12% | -0.26% | -372.19% | - |
| Operating Expenses | -8.32M | -12.48M | -4.92M | 278.76M | 257.2M | 290.85M | 349.14M | 352.06M | 0 | 0 |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 542.45M | 538.95M | 547.39M | 626.13M | 602.27M | 664.77M | 549.96M | 557.3M | -1.42B | 523.19M |
| EBITDA Margin % | 22.79% | 21.09% | 19.13% | 21.79% | 23.35% | 23.32% | 16.08% | 16.95% | -44.22% | 18.9% |
| EBITDA Growth % | 4.69% | -0.65% | 1.57% | 14.38% | -3.81% | 10.38% | -17.27% | 1.33% | -355.48% | 135.74% |
| Depreciation & Amortization | 194.27M | 200.66M | 214.04M | 278.11M | 290.78M | 278.7M | 270.4M | 282.31M | 282.97M | 292.63M |
| D&A / Revenue % | 8.16% | 7.85% | 7.48% | 9.68% | 11.27% | 9.78% | 7.9% | 8.59% | 8.79% | 10.57% |
| Operating Income (EBIT) | 348.18M▲ 0% | 338.29M▼ 2.8% | 333.36M▼ 1.5% | 348.02M▲ 4.4% | 311.49M▼ 10.5% | 386.07M▲ 23.9% | 279.56M▼ 27.6% | 274.99M▼ 1.6% | -1.71B▼ 720.7% | 230.56M▲ 0% |
| Operating Margin % | 14.63% | 13.24% | 11.65% | 12.11% | 12.07% | 13.54% | 8.17% | 8.36% | -53.01% | 8.33% |
| Operating Income Growth % | 7.94% | -2.84% | -1.46% | 4.4% | -10.5% | 23.94% | -27.59% | -1.63% | -720.66% | - |
| Interest Expense | 72.66M | 74.19M | 83.81M | 86.45M | 85.7M | 91.11M | 99.99M | 120.33M | 121.74M | 4M |
| Interest Coverage | 4.79x | 4.56x | 3.98x | 4.03x | 3.63x | 4.24x | 2.80x | 2.29x | -14.02x | - |
| Interest / Revenue % | 3.05% | 2.9% | 2.93% | 3.01% | 3.32% | 3.2% | 2.92% | 3.66% | 3.78% | 0.14% |
| Non-Operating Income | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -4M |
| Pretax Income | 373.84M▲ 0% | 276.58M▼ 26.0% | 254.46M▼ 8.0% | 269.52M▲ 5.9% | 238.73M▼ 11.4% | 308.97M▲ 29.4% | 200.06M▼ 35.2% | 180.41M▼ 9.8% | -1.79B▼ 1093.1% | 159.11M▲ 0% |
| Pretax Margin % | 15.7% | 10.82% | 8.89% | 9.38% | 9.25% | 10.84% | 5.85% | 5.49% | -55.64% | 5.75% |
| Income Tax | 123.69M | 109.39M | 50.8M | 51.64M | 40.91M | 62.81M | 38.91M | 34.53M | -470.96M | 38.48M |
| Effective Tax Rate % | 33.09% | 39.55% | 19.96% | 19.16% | 17.14% | 20.33% | 19.45% | 19.14% | 26.29% | 24.18% |
| Net Income | 250.15M▲ 0% | 167.19M▼ 33.2% | 203.66M▲ 21.8% | 217.88M▲ 7.0% | 197.82M▼ 9.2% | 246.17M▲ 24.4% | 241.14M▼ 2.0% | 199.24M▼ 17.4% | -1.42B▼ 814.8% | 17.15M▲ 0% |
| Net Margin % | 10.51% | 6.54% | 7.12% | 7.58% | 7.67% | 8.64% | 7.05% | 6.06% | -44.23% | 0.62% |
| Net Income Growth % | 54.63% | -33.16% | 21.82% | 6.98% | -9.21% | 24.44% | -2.04% | -17.38% | -814.78% | 101.31% |
| EPS (Diluted) | 2.29▲ 0% | 1.52▼ 33.6% | 1.87▲ 23.0% | 1.99▲ 6.4% | 1.81▼ 9.0% | 2.25▲ 24.3% | 2.20▼ 2.2% | 1.81▼ 17.7% | -11.23▼ 720.4% | 0.10▲ 0% |
| EPS Growth % | 52.67% | -33.62% | 23.03% | 6.42% | -9.05% | 24.31% | -2.22% | -17.73% | -720.44% | 99.32% |
| EPS (Basic) | 2.30 | 1.52 | 1.87 | 2.00 | 1.81 | 2.25 | 2.20 | 1.82 | -11.23 | - |
| Diluted Shares Outstanding | 108.31M | 108.93M | 109.15M | 109.41M | 109.36M | 109.58M | 109.78M | 110.04M | 126.93M | 172.92M |
HE Balance Sheet
Hawaiian Electric Industries, Inc. (HE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 12.5B | 12.68B | 13.27B | 13.75B | 15.24B | 16.07B | 16.65B | 17.24B | 8.93B | 8.81B |
| Asset Growth % | 5.49% | 1.46% | 4.65% | 3.58% | 10.86% | 5.43% | 3.66% | 3.55% | -48.21% | -197.89% |
| PP&E (Net) | 4.6B | 4.46B | 4.83B | 5.31B | 5.42B | 5.51B | 5.8B | 6.04B | 6.2B | 6.21B |
| PP&E / Total Assets % | 36.84% | 35.18% | 36.4% | 38.62% | 35.56% | 34.32% | 34.84% | 35.04% | 69.43% | 70.5% |
| Total Current Assets | 526.4M | 525.09M | 514.84M | 528.48M | 657.29M | 670.97M | 718M | 1.21B | 2.13B | 1.91B |
| Cash & Equivalents | 278.45M | 261.88M | 169.21M | 227.69M | 358.98M | 311.46M | 204.93M | 259.12M | 1.24B | 1.03B |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | -4.68B | -4.62B | -4.79B | 0 | 0 | 0 | 0 | 400.07M | 434.3M | 388.26M |
| Long-Term Investments | 1.11B | 1.46B | 1.52B | 6.46B | 7.45B | 8.24B | 8.61B | 0 | 0 | 0 |
| Goodwill | 82.19M | 82.19M | 82.19M | 82.19M | 82.19M | 82.19M | 82.19M | 82.19M | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 6.11B | 6.01B | 6.16B | 1.14B | 1.4B | 1.31B | 1.07B | 9.48B | 596.22M | 686.4M |
| Total Liabilities | 10.4B | 10.55B | 11.07B | 11.43B | 12.87B | 13.64B | 14.42B | 14.86B | 7.42B | 7.22B |
| Total Debt | 1.81B | 1.99B | 2.06B | 2.46B | 2.5B | 2.6B | 3.43B | 3.24B | 3.33B | 2.99B |
| Net Debt | 1.53B | 1.73B | 1.89B | 2.24B | 2.14B | 2.29B | 3.22B | 2.98B | 2.09B | 1.97B |
| Long-Term Debt | 1.81B | 1.87B | 1.99B | 2.08B | 2.21B | 2.41B | 3.08B | 2.83B | 2.69B | 2.3B |
| Short-Term Borrowings | 0 | 117.94M | 73.99M | 185.71M | 129.38M | 54M | 172.57M | 16.5M | 157.79M | 143.47M |
| Capital Lease Obligations | 0 | 0 | 0 | 199.57M | 160.43M | 136.76M | 175.31M | 401.23M | 483.12M | 2.07B |
| Total Current Liabilities | 168.5M | 337.5M | 317.02M | 431.28M | 335.27M | 279.43M | 445.36M | 758.71M | 1.32B | 1.42B |
| Accounts Payable | 0 | 0 | 0 | 220.63M | 182.35M | 205.54M | 251.46M | 198.88M | 203.45M | 217.33M |
| Accrued Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 168.5M | 219.55M | 243.03M | 24.94M | 23.55M | 19.89M | 21.33M | 543.33M | 963.35M | 1.06B |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 |
| Other Liabilities | 7.62B | 7.8B | 8.23B | 8.34B | 9.53B | 10.19B | 10.08B | 10.48B | 2.92B | 2.94B |
| Total Equity | 2.1B▲ 0% | 2.13B▲ 1.5% | 2.2B▲ 3.0% | 2.31B▲ 5.4% | 2.37B▲ 2.5% | 2.43B▲ 2.3% | 2.24B▼ 7.8% | 2.38B▲ 6.4% | 1.51B▼ 36.4% | 1.6B▲ 0% |
| Equity Growth % | 7.09% | 1.46% | 3.04% | 5.37% | 2.47% | 2.25% | -7.77% | 6.36% | -36.39% | -33.23% |
| Shareholders Equity | 2.1B | 2.13B | 2.2B | 2.31B | 2.37B | 2.43B | 2.24B | 2.38B | 1.51B | 1.6B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 1.66B | 1.66B | 1.67B | 1.68B | 1.68B | 1.69B | 1.69B | 1.71B | 2.26B | 2.27B |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 438.97M | 476.84M | 543.62M | 622.04M | 660.4M | 757.92M | 845.83M | 926.72M | -788.92M | -705.41M |
| Accumulated OCI | -33.13M | -41.94M | -50.61M | -20.04M | -1.26M | -52.53M | -336.03M | -289.35M | 3.46M | 1.96M |
| Return on Assets (ROA) | 2.06% | 1.33% | 1.57% | 1.61% | 1.37% | 1.57% | 1.47% | 1.18% | -10.88% | 0.19% |
| Return on Equity (ROE) | 12.31% | 7.9% | 9.41% | 9.66% | 8.44% | 10.26% | 10.34% | 8.63% | -73.17% | 1.07% |
| Debt / Equity | 0.86x | 0.93x | 0.94x | 1.06x | 1.05x | 1.07x | 1.53x | 1.36x | 2.20x | 2.20x |
| Debt / Assets | 14.5% | 15.71% | 15.55% | 17.93% | 16.4% | 16.19% | 20.58% | 18.81% | 37.3% | 33.97% |
| Net Debt / EBITDA | 2.83x | 3.21x | 3.46x | 3.57x | 3.55x | 3.44x | 5.86x | 5.36x | - | 3.76x |
| Book Value per Share | 19.4 | 19.57 | 20.13 | 21.16 | 21.69 | 22.13 | 20.38 | 21.62 | 11.92 | 9.24 |
HE Cash Flow Statement
Hawaiian Electric Industries, Inc. (HE) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 495.25M | 420.44M | 499.31M | 512.47M | 429.41M | 375.67M | 327.93M | 551.47M | 465.73M | 465.73M |
| Operating CF Growth % | 39.16% | -15.11% | 18.76% | 2.64% | -16.21% | -12.51% | -12.71% | 68.17% | -15.55% | 78.21% |
| Operating CF / Revenue % | 20.8% | 16.45% | 17.45% | 17.83% | 16.65% | 13.18% | 9.59% | 16.77% | 14.46% | 16.83% |
| Net Income | 250.15M | 167.19M | 203.66M | 219.77M | 199.71M | 248.06M | 190.92M | 147.77M | -1.22B | 17.15M |
| Depreciation & Amortization | 204.75M | 222M | 255.63M | 278.11M | 290.78M | 278.7M | 260.74M | 254.99M | 282.97M | 262.53M |
| Deferred Taxes | 47.12M | 37.84M | -9.37M | -15.09M | -1.71M | -5.4M | -41.41M | 9.35M | -481.62M | 23.86M |
| Other Non-Cash Items | -5.09M | 7.94M | 2.29M | 3.63M | 13.53M | -28.39M | -26.05M | 124.69M | -27.29M | -2.74M |
| Working Capital Changes | -6.45M | -19.92M | 39.3M | 16.05M | -78.72M | -126.43M | -66.64M | 14.68M | 1.92B | 24.1M |
| Capital Expenditures | -736.47M | -815.3M | -537.37M | -457.52M | -1.41B | -1.18B | -329.46M | -442.73M | -329.48M | 26.93M |
| CapEx / Revenue % | 30.94% | 31.9% | 18.78% | 15.92% | 54.8% | 41.38% | 9.63% | 13.47% | 10.23% | 0.97% |
| CapEx / D&A | 3.60x | 3.67x | 2.10x | 1.65x | 4.86x | 4.23x | 1.26x | 1.74x | 1.16x | 0.10x |
| CapEx Coverage (OCF/CapEx) | 0.67x | 0.52x | 0.93x | 1.12x | 0.30x | 0.32x | 1.00x | 1.25x | 1.41x | 17.30x |
| Cash from Investing | -736.47M | -815.3M | -792.06M | -541.71M | -1.41B | -1.18B | -324.08M | -257.4M | -317.63M | 45.02M |
| Acquisitions | 330.04M | -76.32M | 537.37M | 457.52M | 383.89M | 314.52M | -25.71M | 0 | 0 | 1000K |
| Purchase of Investments | -541.73M | -593.27M | -370.31M | -223.75M | -1.55B | -1.86B | -540.79M | 0 | 0 | 36.12M |
| Sale of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | -1000K |
| Other Investing | -438.24M | 124.87M | -674.44M | -723.38M | -603.07M | -182.16M | 42.87M | 185.33M | 11.85M | 649.57M |
| Cash from Financing | 218.78M | 378.29M | 200.07M | 87.72M | 1.12B | 756.4M | -19.86M | 195.57M | -72.03M | -260.11M |
| Dividends Paid | -117.27M | -136.76M | -136.88M | -139.46M | -145.99M | -150.53M | -127.89M | -75.85M | -28M | -1.42M |
| Dividend Payout Ratio % | 46.88% | 80.67% | 66.28% | 64.01% | 72.84% | 60.38% | 52.21% | 37.12% | - | - |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -2M |
| Stock Issued | 13.22M | 0 | 0 | 997K | 34M | 54.4M | 13.1M | 1.22M | 270K | -112K |
| Share Repurchases | 0 | -3.83M | -996K | -997K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -43.82M | 393.27M | -2.6M | 108.33M | 1.07B | 725.77M | -364K | -15.07M | -9.19M | 240.46M |
| Net Change in Cash | -22.03M▲ 0% | -16.57M▲ 24.8% | -92.67M▼ 459.2% | 58.48M▲ 163.1% | 113.74M▲ 94.5% | -53.43M▼ 147.0% | -16.02M▲ 70.0% | 54.19M▲ 438.4% | 76.07M▲ 40.4% | -146.07M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | -1000K | -1000K | 0 | -1000K | 0 | -1M |
| Cash at Beginning | 300.48M | 278.45M | 261.88M | 169.21M | 227.69M | 358.98M | 55.26M | 204.93M | 108.08M | 636.89M |
| Cash at End | 278.45M | 261.88M | 169.21M | 227.69M | 341.42M | 305.55M | 39.24M | 259.12M | 184.15M | 1.03B |
| Free Cash Flow | -241.21M▲ 0% | -394.86M▼ 63.7% | -38.06M▲ 90.4% | 54.95M▲ 244.4% | -984.24M▼ 1891.2% | -803.92M▲ 18.3% | -1.53M▲ 99.8% | 108.74M▲ 7221.4% | 136.25M▲ 25.3% | 448.17M▲ 0% |
| FCF Growth % | 31.05% | -63.7% | 90.36% | 244.39% | -1891.16% | 18.32% | 99.81% | 7221.41% | 25.3% | 546.77% |
| FCF Margin % | -10.13% | -15.45% | -1.33% | 1.91% | -38.15% | -28.2% | -0.04% | 3.31% | 4.23% | 16.19% |
| FCF / Net Income % | -96.43% | -236.18% | -18.69% | 25.22% | -497.53% | -326.58% | -0.63% | 54.58% | -9.57% | 2613.52% |
HE Key Ratios
Hawaiian Electric Industries, Inc. (HE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 12.31% | 7.9% | 9.41% | 9.66% | 8.44% | 10.26% | 10.34% | 8.63% | -73.17% | 1.07% |
| EBITDA Margin | 22.79% | 21.09% | 19.13% | 21.79% | 23.35% | 23.32% | 16.08% | 16.95% | -44.22% | 18.9% |
| Net Debt / EBITDA | 2.83x | 3.21x | 3.46x | 3.57x | 3.55x | 3.44x | 5.86x | 5.36x | - | 3.76x |
| Interest Coverage | 4.79x | 4.56x | 3.98x | 4.03x | 3.63x | 4.24x | 2.80x | 2.29x | -14.02x | - |
| CapEx / Revenue | 30.94% | 31.9% | 18.78% | 15.92% | 54.8% | 41.38% | 9.63% | 13.47% | 10.23% | 0.97% |
| Dividend Payout Ratio | 46.88% | 80.67% | 66.28% | 64.01% | 72.84% | 60.38% | 52.21% | 37.12% | - | 0% |
| Debt / Equity | 0.86x | 0.93x | 0.94x | 1.06x | 1.05x | 1.07x | 1.53x | 1.36x | 2.20x | 2.20x |
| EPS Growth | 52.67% | -33.62% | 23.03% | 6.42% | -9.05% | 24.31% | -2.22% | -17.73% | -720.44% | 99.32% |
HE SEC Filings & Documents
Hawaiian Electric Industries, Inc. (HE) SEC filings — annual & quarterly reports (10-K, 10-Q)
HE Frequently Asked Questions
Hawaiian Electric Industries, Inc. (HE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Hawaiian Electric Industries, Inc. (HE) reported $2.77B in revenue for fiscal year 2024. This represents a 114% increase from $1.30B in 1995.
Hawaiian Electric Industries, Inc. (HE) saw revenue decline by 2.1% over the past year.
Yes, Hawaiian Electric Industries, Inc. (HE) is profitable, generating $17.1M in net income for fiscal year 2024 (-44.2% net margin).
Dividend & Returns
Yes, Hawaiian Electric Industries, Inc. (HE) pays a dividend with a yield of 1.34%. This makes it attractive for income-focused investors.
Hawaiian Electric Industries, Inc. (HE) has a return on equity (ROE) of -73.2%. Negative ROE indicates the company is unprofitable.
Hawaiian Electric Industries, Inc. (HE) generated $448.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Industry Metrics
Hawaiian Electric Industries, Inc. (HE) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.
Explore More HE
Hawaiian Electric Industries, Inc. (HE) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates