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Hawaiian Electric Industries, Inc. together with its subsidiaries, engages in the electric utility business. The company engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu; Hawaii; and Maui, Lanai, and Molokai; and renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. It also invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. In addition, the company serves suburban communities, resorts, the United States Armed Forces installations, and agricultural operations. Hawaiian Electric Industries, Inc. was founded in 1891 and is headquartered in Honolulu, Hawaii.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.1B | $577M | $126M | $50M | 7.9% | -4.1% | -108.9% |
| 2024 | $3.2B | $-1.4B | $-1.4B | $143M | -96.3% | -2.1% | -808.1% |
| 2023 | $3.3B | $585M | $201M | $109M | 8.6% | -3.9% | -17.2% |
| 2022 | $3.4B | $572M | $243M | $115M | 11.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 3,086.90 |
| Operating Revenue | 3,071.18 |
| Cost Of Revenue | 2,851.57 |
| Gross Profit | 235.32 |
| Operating Expense | - |
| Selling General And Administration | - |
| Total Expenses | 2,851.57 |
| Operating Income | 235.32 |
| Total Operating Income As Reported | 235.32 |
| EBITDA | 577.29 |
| Normalized EBITDA | 562.28 |
| EBIT | 278.37 |
| Interest Income | 36.93 |
| Interest Expense | 111.44 |
| Net Interest Income | -74.51 |
| Other Non Operating Income Expenses | 3.48 |
| Other Income Expense | 6.12 |
| Interest Income Non Operating | 36.93 |
| Interest Expense Non Operating | 111.44 |
| Net Non Operating Interest Income Expense | -74.51 |
| Pretax Income | 166.93 |
| Tax Provision | 40.65 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 3.66 |
| Net Income Continuous Operations | 126.28 |
| Net Income From Continuing And Discontinued Operation | 126.28 |
| Net Income From Continuing Operation Net Minority Interest | 126.28 |
| Net Income | 126.28 |
| Net Income Common Stockholders | 123.12 |
| Net Income Including Noncontrolling Interests | 126.28 |
| Normalized Income | 114.93 |
| Diluted NI Availto Com Stockholders | 123.12 |
| Basic Average Shares | 172.55 |
| Diluted Average Shares | 173.02 |
| Reconciled Depreciation | 298.92 |
| Reconciled Cost Of Revenue | 2,851.57 |
| Total Unusual Items | 15.01 |
| Total Unusual Items Excluding Goodwill | 15.01 |
| Preferred Stock Dividends | 3.16 |
| Net Income Discontinuous Operations | 0 |
| Special Income Charges | 15.01 |
| Gain On Sale Of Business | - |
| Other Special Charges | -15.01 |
| Gain On Sale Of Security | - |
| General And Administrative Expense | - |
| Salaries And Wages | - |
| Other Operating Expenses | - |
| Earnings From Equity Interest | -12.38 |
Utilities sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Hawaiian Electric Industries, Inc.this co. | HE | $2.3B | 18.37↓ discount | 1.44 | 7.9% | 8.28 |
| MDU Resources Group, Inc. | MDU | $4.4B | 23.22 | 1.59 | 6.9% | 13.45 |
| Avista Corporation | AVA | $3.4B | 17.82 | 1.27 | 7.1% | 10.25 |
| American States Water Company | AWR | $3.0B | 23.22 | 2.89 | 12.4% | 14.84 |
| Chesapeake Utilities Corporation |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| CPK |
| $2.9B |
| 20.75 |
| 1.82 |
| 8.8% |
| 12.16 |
| MGE Energy, Inc. | MGEE | $2.8B | 20.52 | 2.14 | 10.4% | 12.11 |
| California Water Service Group | CWT | $2.7B | 21.12 | 1.60 | 7.6% | 11.83 |
| H2O America | HTO | $2.4B | 23.07 | 1.54 | 6.7% | 14.03 |
| Northwest Natural Holding Company | NWN | $2.1B | 18.16 | 1.39 | 7.7% | 10.07 |
| Peer Median | - | 20.94 | 1.60 | 7.6% | 12.14 | |