HE
Hawaiian Electric Industries Inc
NYSE: HE · UTILITIES · UTILITIES - REGULATED ELECTRIC
$14.93
-2.03% today
Updated 2026-04-29
Market cap
$2.58B
P/E ratio
21.03
P/S ratio
0.84x
EPS (TTM)
$0.71
Dividend yield
—
52W range
$10 – $17
Volume
2.2M
Hawaiian Electric Industries Inc (HE) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.46B | $2.54B | $3.22B | $2.31B | $2.66B | $3.24B | $3.37B | $3.24B | $3.24B | $2.60B | $2.38B | $2.56B | $2.86B | $2.87B | $2.58B | $2.85B | $3.42B | $3.29B | $3.22B | $3.09B |
| Revenue growth (YoY) | — | +3.1% | +26.9% | -28.2% | +15.4% | +21.7% | +4.1% | -4.0% | +0.0% | -19.6% | -8.5% | +7.3% | +11.9% | +0.5% | -10.2% | +10.5% | +20.0% | -3.9% | -2.1% | -4.1% |
| Cost of revenue | $1.89B | $1.98B | $2.67B | $1.87B | $2.41B | $2.95B | $3.09B | $2.92B | $2.91B | $2.28B | $2.03B | $2.22B | $2.53B | $2.25B | $2.01B | $2.17B | $2.79B | $2.66B | $4.93B | $2.85B |
| Gross profit | $572.73M | $560.69M | $549.93M | $444.25M | $256.21M | $289.70M | $284.20M | $315.42M | $328.92M | $322.55M | $348.18M | $338.29M | $333.36M | $626.78M | $568.70M | $676.91M | $628.69M | $627.05M | $-1.71B | $235.32M |
| Gross margin | 23.3% | 22.1% | 17.1% | 19.2% | 9.6% | 8.9% | 8.4% | 9.7% | 10.2% | 12.4% | 14.6% | 13.2% | 11.7% | 21.8% | 22.0% | 23.7% | 18.4% | 19.1% | -53.0% | 7.6% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $3.40M | $2.90M | $3.30M | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.66M | $7.66M | $7.94M | $5.96M | $2.81M | $3.21M | $14.74M | $4.41M | $4.77M | — | — |
| Operating income | $239.40M | $203.73M | $204.16M | $187.66M | $256.21M | $289.70M | $284.20M | $315.42M | $328.92M | $322.55M | $348.18M | $338.29M | $333.36M | $348.02M | $311.49M | $386.07M | $279.56M | $274.99M | $-1.71B | $235.32M |
| Operating margin | 9.7% | 8.0% | 6.3% | 8.1% | 9.6% | 8.9% | 8.4% | 9.7% | 10.2% | 12.4% | 14.6% | 13.2% | 11.7% | 12.1% | 12.1% | 13.5% | 8.2% | 8.4% | -53.0% | 7.6% |
| EBITDA | $239.40M | $351.61M | $347.09M | $344.33M | $415.34M | $443.81M | $449.55M | $485.71M | $516.93M | $525.07M | $640.72M | $551.89M | $560.63M | $623.33M | $599.06M | $670.62M | $553.65M | $561.31M | $-1.39B | $539.42M |
| EBITDA margin | 9.7% | 13.9% | 10.8% | 14.9% | 15.6% | 13.7% | 13.3% | 15.0% | 16.0% | 20.2% | 26.9% | 21.6% | 19.6% | 21.7% | 23.2% | 23.5% | 16.2% | 17.1% | -43.1% | 17.5% |
| EBIT | $98.21M | $203.73M | $191.03M | $187.66M | $256.21M | $276.34M | $291.20M | $320.98M | $335.69M | $329.48M | $446.45M | $351.23M | $346.60M | $345.21M | $308.28M | $391.91M | $283.24M | $279.01M | $-1.67B | $279.40M |
| Interest expense | $0.00 | $0.00 | $76.14M | $76.33M | $81.54M | $82.11M | $73.80M | $73.23M | $73.77M | $74.69M | $72.66M | $74.19M | $83.81M | $86.45M | $85.70M | $91.11M | $99.99M | $120.33M | $121.74M | $112.47M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $108.00M | $84.78M | $90.28M | $83.01M | $115.42M | $140.12M | $140.55M | $163.41M | $170.21M | $161.77M | $250.15M | $167.19M | $203.66M | $217.88M | $197.82M | $246.17M | $241.14M | $199.24M | $-1.42B | $126.28M |
| Net income growth (YoY) | — | -21.5% | +6.5% | -8.0% | +39.0% | +21.4% | +0.3% | +16.3% | +4.2% | -5.0% | +54.6% | -33.2% | +21.8% | +7.0% | -9.2% | +24.4% | -2.0% | -17.4% | -814.8% | +108.9% |
| Profit margin | 4.4% | 3.3% | 2.8% | 3.6% | 4.3% | 4.3% | 4.2% | 5.0% | 5.3% | 6.2% | 10.5% | 6.5% | 7.1% | 7.6% | 7.7% | 8.6% | 7.0% | 6.1% | -44.2% | 4.1% |