Hawaiian Electric Industries, Inc. (HE) Earnings History
Annual and quarterly earnings data from 1994 to 2024
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HE EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
HE Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | -53.0% | -53.0% | -44.2% |
| 2023 | 19.1% | 8.4% | 6.1% |
| 2022 | 18.4% | 8.2% | 7.0% |
| 2021 | 23.7% | 13.5% | 8.6% |
| 2020 | 22.0% | 12.1% | 7.7% |
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Hawaiian Electric Industries, Inc. (HE) Earnings Overview
As of May 8, 2026, Hawaiian Electric Industries, Inc. (HE) reported trailing twelve-month net income of $17M, reflecting -720.4% year-over-year growth. The company earned $0.10 per diluted share over the past four quarters, with a net profit margin of -44.2%.
Looking at the long-term picture, HE's historical earnings data spans multiple years. 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 -53.0%, operating margin of -53.0%, and net margin of -44.2%. 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 (1994–2024)
31 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
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Start ComparisonHE — Frequently Asked Questions
Quick answers to the most common questions about buying HE stock.
Is HE growing earnings?
HE EPS fell to $0.10, with earnings declining -720.4%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $17M.
What are HE's profit margins?
Hawaiian Electric Industries, Inc. net margin is -44.2%, with operating margin at -53.0%. Below-average margins reflect competitive or cost pressures.
How consistent are HE's earnings?
HE earnings data spans 1994-2024. The declining earnings trend is -720.4% YoY. Historical data enables comparison across business cycles.