Hawaiian Electric Industries Inc (HE) financials
Hawaiian Electric Industries revenue and earnings by year
Hawaiian Electric Industries's revenue was $3.09 billion in the fiscal year to December 31, 2025, down 4.1% from the year before. Net income was $123 million, 4.0% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 2.9% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.09 | 3.22 | 3.29 | 3.42 | 2.85 | 2.58 | 2.87 | 2.86 | 2.56 | 2.38 |
| Revenue growth | -4.1% | -2.1% | -3.9% | 20.0% | 10.5% | -10.2% | 0.5% | 11.9% | 7.3% | — |
| Gross profit | 0.30 | -1.60 | 0.32 | 0.31 | 0.41 | 0.33 | 0.37 | 0.35 | 0.36 | 0.38 |
| Gross margin | 9.6% | -49.7% | 9.7% | 9.1% | 14.5% | 12.8% | 12.7% | 12.2% | 14.2% | 15.9% |
| Operating income | 0.24 | -1.71 | 0.27 | 0.28 | 0.39 | 0.31 | 0.35 | 0.33 | 0.35 | 0.45 |
| Operating margin | 7.6% | -53.0% | 8.4% | 8.2% | 13.5% | 12.1% | 12.1% | 11.7% | 13.5% | 18.7% |
| Net income | 0.12 | -1.43 | 0.20 | 0.24 | 0.25 | 0.20 | 0.22 | 0.20 | 0.17 | 0.25 |
| Net margin | 4.0% | -44.3% | 6.1% | 7.0% | 8.7% | 7.7% | 7.6% | 7.1% | 6.5% | 10.5% |
| Diluted EPS | $0.71 | -$12.67 | $1.81 | $2.20 | $2.25 | $1.81 | $2.00 | $1.84 | $1.52 | $2.29 |
| Free cash flow | 0.05 | 0.14 | 0.11 | 0.12 | 0.06 | 0.05 | 0.05 | -0.01 | -0.01 | 0.20 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open HE in Markets.
How Hawaiian Electric Industries makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Electric Energy Sales Large Light & Power | $342M | 36.9% |
| Electric Energy Sales Commercial | $289M | 31.2% |
| Electric Energy Sales Residential | $287M | 31.0% |
| Electric Energy Sales Other | $5.08M | 0.5% |
| Other Sales | $2.84M | 0.3% |
See also: HE valuation and P/E history · HE returns
No forecast, no recommendation. This page describes Hawaiian Electric Industries Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.