Hawaiian Electric Industries Inc (HE) Financial Statements
Industry: Electric Services
In fiscal 2025, Hawaiian Electric Industries reported revenue of $3.09B, down 4.1% from $3.22B the year before. Net income was $126.3M (a 4.1% net margin), or $0.71 per diluted share. Gross margin was 7.6% and operating margin was 7.6%. Operating activities generated $391.1M of cash, leaving $49.9M of free cash flow. At fiscal year end, Hawaiian Electric Industries held $8.92B in total assets against $7.32B in total liabilities, including $501.8M of cash and equivalents.
Open the full interactive Hawaiian Electric Industries financials → Quarterly statements, key ratios, valuation history and price charts.
Hawaiian Electric Industries Key Stats
| Share Price | $8.53 |
|---|---|
| Market Cap | $1.48B |
| P/E Ratio | 12.0 |
| Revenue YoY Growth | -4.1% |
| 52-Week Range | $8.53 – $17.08 |
| Shares Outstanding | 172.6 million (basic, 2026 Q2) |
Hawaiian Electric Industries Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.58B | $2.85B | $3.74B | $3.68B | $3.22B | $3.09B |
| Cost of Goods Sold | $2.27B | $2.46B | $3.36B | $3.33B | $4.93B | $2.85B |
| Gross Profit | $311.5M | $386.1M | $381.1M | $352.6M | -$1.71B | $235.3M |
| Operating Income | $311.5M | $386.1M | $381.1M | $352.6M | -$1.71B | $235.3M |
| Pre-Tax Income | $240.6M | $310.9M | $304.2M | $245.7M | -$1.79B | $166.9M |
| Income Tax | $40.9M | $62.8M | $61.2M | $44.6M | -$471.0M | $40.6M |
| Net Income | $199.7M | $248.1M | $243.0M | $201.1M | -$1.42B | $126.3M |
| Diluted EPS | $1.81 | $2.25 | $2.20 | $1.81 | -$11.23 | $0.71 |
Hawaiian Electric Industries Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $790.6M | $805.8M | $746.4M | $939.7M |
| Net Income | $31.2M | $41.4M | $30.4M | $123.2M |
| Diluted EPS | $0.18 | $0.24 | $0.18 | $0.71 |
Hawaiian Electric Industries Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $341.4M | $305.6M | $199.9M | $679.5M | $750.5M | $501.8M |
| Current Assets | — | — | — | — | — | $1.88B |
| Total Assets | $15.00B | $15.82B | $16.28B | $17.24B | $8.93B | $8.92B |
| Current Liabilities | — | — | — | — | — | $1.43B |
| Total Long-Term Debt | $2.12B | $2.32B | $2.38B | $2.84B | $2.69B | $2.29B |
| Total Liabilities | $12.63B | $13.40B | $14.05B | $14.86B | $7.42B | $7.32B |
| Shareholders' Equity | $2.34B | $2.39B | $2.20B | $2.34B | $1.48B | $1.61B |
Hawaiian Electric Industries Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $429.4M | $375.7M | $454.5M | $551.5M | $487.5M | $391.1M |
| Cash From Investing | -$1.41B | -$1.18B | -$1.13B | -$257.4M | $258.3M | -$322.2M |
| Cash From Financing | $1.12B | $756.4M | $567.7M | $195.6M | $154.7M | -$331.0M |
| Free Cash Flow | $45.5M | $61.1M | $110.4M | $103.2M | $143.2M | $49.9M |
Figures from Hawaiian Electric Industries' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Hawaiian Electric Industries financials page for every line item.
Hawaiian Electric Industries Company Profile
| Ticker | HE |
|---|---|
| Exchange | NYSE |
| Industry | Electric Services |
| Headquarters | Honolulu, Hawaii |
| Incorporated in | Hawaii |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000354707 |
Frequently Asked Questions
What was Hawaiian Electric Industries' revenue in fiscal 2025?
Hawaiian Electric Industries (HE) reported revenue of $3.09B for fiscal 2025.
What is Hawaiian Electric Industries' annual revenue history?
Hawaiian Electric Industries' annual revenue by fiscal year: 2020: $2.58B; 2021: $2.85B; 2022: $3.74B; 2023: $3.68B; 2024: $3.22B; 2025: $3.09B.
What was Hawaiian Electric Industries' net income in fiscal 2025?
Hawaiian Electric Industries reported net income of $126.3M for fiscal 2025.
What was Hawaiian Electric Industries' earnings per share (EPS) in fiscal 2025?
Hawaiian Electric Industries' diluted EPS was $0.71 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Hawaiian Electric Industries generate in fiscal 2025?
Hawaiian Electric Industries generated $49.9M of free cash flow in fiscal 2025.
What was Hawaiian Electric Industries' revenue last quarter?
In its most recent reported quarter (2026 Q2), Hawaiian Electric Industries reported revenue of $939.7M.
How much debt does Hawaiian Electric Industries have?
Hawaiian Electric Industries reported $2.29B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Hawaiian Electric Industries are outstanding?
Hawaiian Electric Industries reported a weighted average of 172.6 million basic shares outstanding in 2026 Q2.
What is Hawaiian Electric Industries' market cap?
Based on its latest closing price, Hawaiian Electric Industries (HE) has a market capitalization of about $1.48B.
When does Hawaiian Electric Industries' fiscal year end?
Hawaiian Electric Industries' fiscal year end, as registered with the SEC, is December 31.
Where is Hawaiian Electric Industries headquartered?
Hawaiian Electric Industries lists its business address in Honolulu, Hawaii in its SEC filings.