Hawaiian Electric Industries
HE
8.77
-0.16
-1.79%
Hawaiian Electric Industries
US · HE
#2963 by market cap
Listed 1970
8.77
-0.16
-1.79%
Live - 5344 symbols - heartbeat 258s ago
· 2026-10-08 07:00
Pre-market
8.93
+1.82%
After-hours
8.83
+0.68%
Overnight
8.77
0.00%
- Market cap
- 1.52B
- P/E (TTM)i
- 6.80
- P/Bi
- 0.86
- EPSi
- 0.71
- Div yieldi
- 0.00%
- 52W posi
- 1%
Reader sentiment
Are you bullish or bearish on HE?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.51, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year -4.13% YoY
Margins
- Gross margin
- 7.62%
- Operating margin
- 7.62%
- Net margin
- 3.99%
Key ratios & quality
- Enterprise valuei
- 3.43B
- Altman Z-Scorei
- 0.51
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.86B | 2.87B | 2.58B | 2.85B | 3.42B | 3.29B | 3.22B | 3.09B |
| Gross profit | 333.36M | 348.02M | 311.49M | 386.07M | 279.56M | 274.99M | -1.71B | 235.32M |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 333.36M | 348.02M | 311.49M | 386.07M | 279.56M | 274.99M | -1.71B | 235.32M |
| Pretax profit | 254.46M | 271.41M | 240.62M | 310.86M | 201.95M | 182.30M | -1.79B | 166.93M |
| Tax | 50.80M | 51.64M | 40.91M | 62.81M | 38.92M | 34.53M | -470.96M | 40.65M |
| Net profit | 203.66M | 219.77M | 199.71M | 248.06M | 243.03M | 201.13M | -1.42B | 126.28M |
| Basic EPS | 2 | 2 | 2 | 2 | 2 | 2 | -11 | 1 |
| Diluted EPS | 1.85 | 1.99 | 1.81 | 2.25 | 2.20 | 1.81 | -11.23 | 0.71 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 744.07M | 746.39M | 790.61M | 805.82M | 746.45M | 939.70M |
| Gross profit | 62.42M | 53.75M | 52.05M | 67.11M | 53.38M | 204.21M |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 62.42M | 53.75M | 52.05M | 67.11M | 53.38M | 204.21M |
| Pretax profit | 33.54M | 39.98M | 39.95M | 53.47M | 38.59M | 164.66M |
| Tax | 6.40M | 13.42M | 8.73M | 12.11M | 8.14M | 41.46M |
| Net profit | 27.14M | 26.56M | 31.22M | 41.36M | 30.45M | 123.20M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 1 |
| Diluted EPS | 0.15 | 0.15 | 0.18 | 0.23 | 0.18 | 0.71 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 6.68B | 6.84B | 7.87B | 5.81B | 8.05B | 10.77B | 2.13B | 1.88B |
| Cash & ST investments | 1.56B | 1.43B | 2.31B | 305.55M | 1.63B | 244.09M | 750.54M | 501.78M |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 13.10B | 13.75B | 15.00B | 15.82B | 16.28B | 17.24B | 8.93B | 8.92B |
| Total current liabilities | 317.02M | 431.28M | 335.27M | 279.43M | 445.36M | 9.80B | 1.32B | 1.43B |
| Short-term debt | 73.99M | 185.71M | 129.38M | 54.00M | 172.57M | 16.50M | 157.79M | 124.96M |
| Long-term debt | 1.99B | 2.08B | 2.21B | 2.41B | 3.08B | 2.83B | 2.69B | 2.29B |
| Total liabilities | 10,941,771,000.00 | 11,464,991,000.00 | 12,666,505,000.00 | 13,431,753,000.00 | 14,081,745,000.00 | 14,864,687,000.00 | 7,418,034,000.00 | 7,316,960,000.00 |
| Total equity | 2.16B | 2.28B | 2.34B | 2.39B | 2.20B | 2.38B | 1.51B | 1.61B |
| Retained earnings | 543.62M | 622.04M | 660.40M | 757.92M | 845.83M | 926.72M | -788.92M | -665.61M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 1.95B | 1.54B | 1.91B | 1.88B | 1.83B | 1.25B |
| Cash & ST investments | 629.34M | 154.29M | 548.24M | 501.78M | 452.84M | 238.73M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 8.77B | 8.32B | 8.81B | 8.92B | 8.91B | 8.40B |
| Total current liabilities | 1.56B | 1.44B | 1.42B | 1.43B | 1.37B | 1.27B |
| Short-term debt | 463.64M | 192.75M | 143.47M | 124.96M | 124.99M | -- |
| Long-term debt | 2.20B | 1.86B | 2.30B | 2.29B | 2.28B | 2.27B |
| Total liabilities | 7,226,012,000.00 | 6,756,136,000.00 | 7,215,507,000.00 | 7,316,960,000.00 | 7,276,834,000.00 | 6,638,915,000.00 |
| Total equity | 1.54B | 1.57B | 1.60B | 1.61B | 1.64B | 1.76B |
| Retained earnings | -762.25M | -736.16M | -705.41M | -665.61M | -635.16M | -511.96M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 499.31M | 512.47M | 429.41M | 273.13M | 454.48M | 551.47M | 487.48M | 391.07M |
| Depreciation & amortization | 255.63M | 278.11M | 290.78M | 251.21M | 270.41M | 282.31M | 293.53M | 298.92M |
| Free cash flow | -7.46M | 54.95M | 45.51M | -18.87M | 115.14M | 108.74M | 143.23M | 49.87M |
| Dividends paid | -136.88M | -141.35M | -145.99M | -113.70M | -113.12M | -75.85M | -1.89M | -1.89M |
| Stock buybacks / issuance | -- | -- | -- | 54.40M | 0 | 1.22M | 556.61M | 0 |
| Ending cash balance | 169.21M | 196.81M | 341.42M | 52.17M | 43.73M | 244.09M | 750.54M | 501.78M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 49.67M | 134.75M | 135.59M | 71.07M | 61.03M | -411.40M |
| Depreciation & amortization | 76.56M | 76.11M | 68.25M | 78.00M | 75.45M | 75.37M |
| Free cash flow | -36.87M | 59.80M | 43.15M | -16.21M | -42.50M | -549.96M |
| Dividends paid | -473.00K | -473.00K | -20.55M | 19.61M | 0 | 0 |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 629.34M | 154.29M | 503.87M | 501.78M | 452.84M | 238.73M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 9.47 | 9.81 | 8.57 | 10.41 | 10.50 | 8.76 | -74.58 | 7.98 |
| ROA %i | 1.54 | 1.62 | 1.38 | 1.60 | 1.50 | 1.19 | -10.90 | 1.38 |
| ROIC %i | 6.47 | 6.42 | 5.58 | 6.50 | 6.04 | 4.91 | -23.80 | 3.83 |
| 5-year avg ROE %i | 9.60 | 9.65 | 9.64 | 9.24 | 9.75 | 9.61 | -7.27 | -7.39 |
| EBIT margin %i | 11.82 | 12.45 | 12.65 | 14.10 | 10.80 | 9.94 | -51.86 | 9.02 |
| FCF / sales %i | -- | 1.91 | 1.76 | 2.15 | 2.95 | 0.97 | 4.45 | 1.62 |
| Current ratioi | 21.06 | 15.86 | 23.48 | 20.78 | 18.08 | 1.10 | 1.61 | 1.32 |
| Quick ratioi | 21.05 | 15.76 | 23.34 | 20.72 | 18.07 | 0.08 | 0.91 | 0.70 |
| Debt / assetsi | 15.75 | 17.93 | 16.65 | 16.44 | 21.05 | 18.81 | 37.30 | 33.16 |
| LT debt / equityi | 92.02 | 99.95 | 101.36 | 106.53 | 147.81 | 137.63 | 214.56 | 176.46 |
| Interest coveragei | 4.04 | 4.14 | 3.81 | 4.41 | 4.04 | 3.04 | -13.72 | 2.50 |
| Revenue CAGR (3Y) %i | 3.20 | 6.48 | 0.31 | -0.12 | 5.98 | 8.42 | 4.15 | -3.37 |
| Net income CAGR (3Y) %i | 7.98 | -4.22 | 6.10 | 6.79 | 3.41 | 0.24 | -- | -19.61 |
| FCF CAGR (3Y) %i | -- | -30.77 | -- | -- | 27.96 | 33.69 | -- | -24.34 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -74.24 | -9.15 | 0.97 | 7.98 | 8.07 | 13.59 |
| ROA %i | -11.22 | -0.94 | 0.12 | 1.38 | 1.44 | 2.68 |
| ROIC %i | -24.02 | -1.40 | 1.44 | 3.83 | 3.93 | 7.03 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -52.40 | 1.85 | 8.58 | 9.02 | 9.07 | 12.96 |
| FCF / sales %i | 2.54 | 5.84 | 4.25 | 1.62 | 1.43 | -- |
| Current ratioi | 1.25 | 1.07 | 1.35 | 1.32 | 1.34 | 0.99 |
| Quick ratioi | 0.69 | 0.41 | 0.74 | 0.70 | 0.66 | 0.60 |
| Debt / assetsi | 36.36 | 30.86 | 33.97 | 33.16 | 33.05 | 33.33 |
| LT debt / equityi | 180.85 | 154.85 | 182.28 | 176.46 | 172.32 | 158.87 |
| Interest coveragei | -13.37 | 0.48 | 2.34 | 2.50 | 2.59 | 3.31 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Electric Utility is the largest reported line at 99.70% of revenue, across 2 reported segments.
- The next-largest line, All other, is a distant second at 0.30% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Electric Utility99.70%
All other0.30%
Quote time 2026-10-08 07:00:00 · For reference only, not investment advice and not tailored to your situation.