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HE (Hawaiian Electric Industries, Inc.) Stock Financials & Earnings | Market Cap Arena
HE
Hawaiian Electric Industries, Inc.
Mkt Cap
$3B
Utilities
·
Diversified Utilities
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$3.1B
Net Income (TTM)
$126M
EPS (TTM)
$0.71
Free Cash Flow (TTM)
$50M
Gross Margin
7.6%
Op. Margin
7.6%
Net Margin
4.1%
FCF Margin
1.6%
P/S Ratio (TTM)
0.8x
P/E Ratio (TTM)
20.5x
YoY Rev Growth
+2.5%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$928M
$188M
$94M
Q2 23
$896M
$184M
$179M
Q3 23
$902M
$171M
$75M
Q4 23
$562M
$84M
$13M
Q1 24
$792M
$141M
$51M
Q2 24
$795M
-$1.7B
-$1.7B
Q3 24
$938M
-$127M
-$127M
Q4 24
$487M
$62M
$62M
Q1 25
$744M
$62M
$62M
Q2 25
$746M
$54M
$54M
Q3 25
$791M
$52M
$52M
Q4 25
$806M
$67M
$67M
marketcaparena.com
Revenue Breakdown
HE
Hawaiian Electric Industries, Inc.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
0.7x
11.4x
Q2 23
0.7x
11.3x
Q3 23
0.7x
12.4x
Q4 23
0.8x
13.0x
Q1 24
0.8x
13.9x
Q2 24
0.8x
—
Q3 24
0.8x
—
Q4 24
0.9x
—
Q1 25
0.9x
—
Q2 25
0.9x
—
Q3 25
0.9x
150.7x
Q4 25
0.8x
20.5x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$181M
$57M
Q2 23
$191M
$79M
Q3 23
$104M
-$3M
Q4 23
$76M
-$24M
Q1 24
$125M
$25M
Q2 24
$69M
-$11M
Q3 24
$157M
$79M
Q4 24
$137M
$51M
Q1 25
$50M
-$37M
Q2 25
$135M
$60M
Q3 25
$100M
$6M
Q4 25
$106M
$21M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$124M
Q2 23
$112M
Q3 23
$106M
Q4 23
$100M
Q1 24
$100M
Q2 24
$80M
Q3 24
$78M
Q4 24
$86M
Q1 25
$87M
Q2 25
$75M
Q3 25
$94M
Q4 25
$86M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+18.2%
+21.7%
Q2 23
+0.0%
-11.4%
Q3 23
-13.5%
-12.1%
Q4 23
-44.9%
-40.8%
Q1 24
-14.7%
-11.2%
Q2 24
-11.2%
+242.9%
Q3 24
+4.0%
+28.8%
Q4 24
-13.3%
-22.6%
Q1 25
-6.1%
-8.0%
Q2 25
-6.2%
-71.8%
Q3 25
-15.7%
-30.6%
Q4 25
+65.5%
+74.0%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$2M
0.2%
Q2 23
$4M
0.4%
Q3 23
$0
0.0%
Q4 23
$0
0.0%
Q1 24
$842K
0.1%
Q2 24
$0
0.0%
Q3 24
$0
0.0%
Q4 24
$0
0.0%
Q1 25
$0
0.0%
Q2 25
$0
0.0%
Q3 25
-$600K
-0.1%
Q4 25
$754K
0.1%
marketcaparena.com
OpEx Breakdown
G&A
S&M
SG&A
Quarter
G&A
S&M
SG&A
Q1 23
$4M
$1M
—
Q2 23
$4M
$834K
—
Q3 23
$4M
$984K
—
Q4 23
—
—
$20M
Q1 24
—
—
$1M
marketcaparena.com
Revenue Segments
Bank Fees
Bank Interest And Dividend Income
Electric Energy Sales, Commercial
Electric Energy Sales, Large Light And Power
Electric Energy Sales, Other
Electric Energy Sales, Residential
Other Bank Noninterest Income
Other Sales
Product and Service, Other
Regulatory Revenue
Quarter
Bank Fees
Bank Interest And Dividend Income
Electric Energy Sales, Commercial
Electric Energy Sales, Large Light And Power
Electric Energy Sales, Other
Electric Energy Sales, Residential
Other Bank Noninterest Income
Other Sales
Product and Service, Other
Regulatory Revenue
Q1 23
$12M
$79M
$254M
$291M
$5M
$256M
$2M
$4M
$8M
$16M
Q2 23
$12M
$82M
$250M
$280M
$4M
$240M
$3M
$4M
$11M
$9M
Q3 23
$12M
$86M
$258M
$285M
$5M
$258M
$3M
$5M
$12M
-$21M
Q3 24
$13M
$88M
$269M
$294M
$5M
$273M
$4M
$3M
$10M
-$20M
Q1 25
—
—
$237M
$262M
$4M
$240M
—
$4M
$11M
-$14M
Q2 25
—
—
$237M
$261M
$4M
$233M
—
$4M
$9M
-$2M
Q3 25
—
—
$251M
$278M
$4M
$262M
—
$3M
$9M
-$18M
Q4 25
—
—
$247M
$278M
$5M
$257M
—
$3M
$12M
$4M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$320M
$3M
$322M
Q2 23
$319M
$2M
$322M
Q3 23
$682M
$2M
$684M
Q4 23
$259M
$0
$259M
Q1 24
$503M
$759K
$503M
Q2 24
$567M
$614K
$567M
Q3 24
$1.2B
$364K
$1.2B
Q4 24
$1.2B
$0
$1.2B
Q1 25
$1.1B
$0
$1.1B
Q2 25
$637M
$0
$637M
Q3 25
$1.0B
$0
$1.0B
Q4 25
$10M
$0
$10M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
110M
+0.0%
Q2 23
110M
-0.0%
Q3 23
110M
+0.1%
Q4 23
110M
+0.3%
Q1 24
110M
+0.2%
Q2 24
110M
-0.2%
Q3 24
114M
+3.7%
Q4 24
121M
+5.5%
Q1 25
173M
+43.2%
Q2 25
173M
-0.1%
Q3 25
173M
+0.2%
Q4 25
173M
-0.2%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$817K
4K
FY 15
$664K
4K
FY 16
$627K
4K
FY 17
$659K
4K
FY 18
$734K
4K
FY 19
$749K
4K
FY 20
$699K
4K
FY 21
$792K
4K
FY 22
$940K
4K
FY 23
$914K
4K
FY 24
$1M
3K
FY 25
$1M
3K
marketcaparena.com