Hawaiian Electric Industries, Inc. (HE) Earnings History
Earnings Pressure32 years of earnings data (1994–2025) · 5-year EPS trend is negative
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Hawaiian Electric Industries, Inc. (HE) Earnings Overview
As of June 22, 2026, Hawaiian Electric Industries, Inc. (HE) reported trailing twelve-month net income of $130M, reflecting +106.3% year-over-year growth. The company earned $0.75 per diluted share over the past four quarters, with a net profit margin of 4.1%.
Looking at the long-term picture, HE's 5-year EPS compound annual growth rate (CAGR) stands at -17.1%, signaling declining earnings. The company achieved its highest annual net income of $250M in fiscal 2016.
Hawaiian Electric Industries, Inc. maintains positive profitability with a gross margin of 7.6%, operating margin of 7.6%, and net margin of 4.1%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including OTTR ($280M net income, 21.2% margin), AVA ($206M net income, 9.8% margin), NWE ($168M net income, 11.2% margin), HE has room to improve margins relative to the peer group. Compare HE vs OTTR →
HE Earnings vs Peers
Earnings metrics vs comparable public companies
HE Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $126M | +108.9% | $235M | $0.71 | 4.1% | 7.6% |
| 2024 | -$1.42B | -814.8% | -$1.71B | $-11.23 | -44.2% | -53.0% |
| 2023 | $199M | -17.4% | $275M | $1.81 | 6.1% | 8.4% |
| 2022 | $241M | -2.0% | $280M | $2.20 | 7.0% | 8.2% |
| 2021 | $246M | +24.4% | $386M | $2.25 | 8.6% | 13.5% |
| 2020 | $198M | -9.2% | $311M | $1.81 | 7.7% | 12.1% |
| 2019 | $218M | +7.0% | $348M | $1.99 | 7.6% | 12.1% |
| 2018 | $204M | +21.8% | $333M | $1.87 | 7.1% | 11.7% |
| 2017 | $167M | -33.2% | $338M | $1.52 | 6.5% | 13.2% |
| 2016 | $250M | +54.6% | $348M | $2.29 | 10.5% | 14.6% |
| 2015 | $162M | -5.0% | $323M | $1.50 | 6.2% | 12.4% |
| 2014 | $170M | +4.2% | $329M | $1.64 | 5.3% | 10.2% |
| 2013 | $163M | +16.3% | $315M | $1.62 | 5.0% | 9.7% |
| 2012 | $141M | +0.3% | $284M | $1.42 | 4.2% | 8.4% |
| 2011 | $140M | +21.4% | $290M | $1.44 | 4.3% | 8.9% |
| 2010 | $115M | +39.0% | $256M | $1.21 | 4.3% | 9.6% |
| 2009 | $83M | -8.0% | $188M | $0.91 | 3.6% | 8.1% |
| 2008 | $90M | +6.5% | $204M | $1.07 | 2.8% | 6.3% |
| 2007 | $85M | -21.5% | $204M | $1.03 | 3.3% | 8.0% |
| 2006 | $108M | -14.8% | $239M | $1.33 | 4.4% | 9.7% |
| 2005 | $127M | +15.5% | $271M | $1.56 | 5.7% | 12.3% |
| 2004 | $110M | -4.0% | $271M | $1.38 | 5.7% | 14.1% |
| 2003 | $114M | -3.4% | $264M | $0.76 | 6.4% | 14.8% |
| 2002 | $118M | +32.3% | $266M | $0.81 | 7.1% | 16.1% |
| 2001 | $89M | +95.4% | $189M | $0.64 | 7.0% | 14.7% |
| 2000 | $46M | -52.8% | $155M | $0.70 | 2.7% | 9.0% |
| 1999 | $97M | +14.3% | $234M | $1.50 | 6.4% | 15.4% |
| 1998 | $85M | -1.9% | $225M | $1.32 | 5.7% | 15.1% |
| 1997 | $86M | +9.8% | $206M | $0.69 | 5.9% | 14.1% |
| 1996 | $79M | +1.5% | $188M | $0.65 | 5.6% | 13.3% |
| 1995 | $78M | +6.2% | $188M | $1.33 | 6.0% | 14.5% |
| 1994 | $73M | - | $174M | $1.30 | 6.1% | 14.6% |
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HE — Frequently Asked Questions
Quick answers to the most common questions about buying HE stock.
What is HE earnings per share (EPS)?
HE trailing twelve-month (TTM) diluted EPS is $0.75, reflecting +106.3% year-over-year growth. The 5-year EPS CAGR is -17.1%. Complete EPS history from 1994 to 2025 is available in the table on this page.
What is Hawaiian Electric Industries, Inc.'s net income?
Hawaiian Electric Industries, Inc. (HE) trailing twelve-month net income is $130M as of 2025. Earnings grew +106.3% year-over-year.
Is HE profitable?
Yes, HE is profitable with a TTM net income of $130M and a net profit margin of +4.1%.
What is HE's earnings growth rate?
HE compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: -31.4%, 5-Year: -17.1%, 10-Year: -7.2%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1994 to 2025.
What are HE's profit margins?
Hawaiian Electric Industries, Inc. net profit margin is +4.1%, operating margin is +7.6%, and gross margin is +7.6%. Below-average margins reflect competitive or cost pressures. Return on Equity is +8.1%.
Is HE growing earnings?
Yes, HE earnings are accelerating — EPS growth of +106.3% exceeds the 5-year CAGR of -17.1%. TTM net income reached $130M. Earnings momentum is strengthening.
What was HE's best earnings year?
Hawaiian Electric Industries, Inc.'s highest annual net income on record is $250M, achieved in fiscal year 2016. Earnings history on this page spans 1994 to 2025 and includes all annual and quarterly figures.
What were HE's earnings last quarter?
HE's most recent reported quarter was Q1 2026. Net income was $30M with diluted EPS of $0.18. For a full breakdown of all quarters, see the quarterly earnings table on this page.