Hawaiian Electric Industries, Inc. (HE)
NYSE: HE · Real-Time Price · USD
13.19
+0.11 (0.84%)
Jul 30, 2026, 4:00 PM EDT - Market closed

HE Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
3,0893,0873,2203,2883,4212,850
Revenue Growth
-2.60%-4.13%-2.06%-3.90%20.02%10.49%
Gross Profit
278.8295.5-1,599320.14311.52412.11
Operating Income
53.75235.32-1,707274.99279.56386.07
Net Income
30.75123.12-1,323145.88161.15246.17
Earnings Per Share
0.740.71-11.231.812.202.25
EPS Growth
----17.73%-2.22%24.31%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Electric Energy Sales - Residential
990992.371,0131,0261,078830.65
Electric Energy Sales - Commercial
958.03971.821,0131,0441,087791.42
Electric Energy Sales - Large Light and Power
1,0721,0801,1241,1411,222837.83
Electric Energy Sales - Other
18.2817.9718.6819.4717.0610.77
Other Contractual
11.8413.6711.9217.5411.84.09
Regulatory
-0.94-29.47-2.573.71-29.1240.07
Revenue from Other Sources
40.0741.0242.1235.2933.7129.15
Revenue (Total)
3,0893,0873,2203,2883,4212,850

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
452.84501.78750.54244.09199.88305.55
Total Debt
2,9472,9593,3313,2443,4282,601
Net Cash (Debt)
-2,494-2,457-2,581-3,000-3,228-2,295
Net Cash Growth
------
Net Cash Per Share
-14.41-14.20-20.33-27.26-29.41-20.95

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
402.44391.07428.11443.37333.68375.67
Capital Expenditures
-358.2-341.2-344.25-442.73-339.33-314.52
Free Cash Flow
44.2449.8783.860.64-5.6561.15
Free Cash Flow Growth
-45.13%-40.53%12982.53%--34.36%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
9.02%9.57%-49.65%9.74%9.11%14.46%
Operating Margin
1.74%7.62%-53.01%8.36%8.17%13.54%
Pretax Margin
5.57%5.41%-55.64%5.55%5.90%10.91%
Profit Margin
4.19%4.09%-41.02%4.49%4.77%8.70%
FCF Margin
1.43%1.62%2.60%0.02%-0.17%2.15%

Dividends

Fiscal YearFY 2023FY 2022FY 2021
Period EndingDec '23 Dec '22 Dec '21
Dividend Per Share
1.0801.4001.360
Dividend Per Share Growth
-22.86%2.94%3.03%
Dividend Yield
4.75%2.43%3.28%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
17.9417.32-7.8419.0218.44
Forward PE
14.4913.066.966.9517.9419.95
P/FCF Ratio
51.4742.5720.012438.47-74.19
PS Ratio
0.740.690.520.481.341.59