HAWAIIAN ELECTRIC INDUSTRIES, INC. financials
Source: EDGAR filings · Built 2026-06-02T03:12:32Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 39.50M | 138.55M | 105.22M | 114.29M | 61.15M | 45.51M |
| EBITDA | 534.24M | -1.41B | 557.30M | 549.96M | 664.77M | 602.27M |
| Working Capital | 456.84M | 809.74M | — | — | — | — |
| Net Debt | 2.35B | 2.49B | 3.02B | 2.69B | 2.21B | 2.07B |
| Operating Margin | 7.62% | -53.01% | 8.36% | 8.17% | 13.54% | 12.07% |
| Net Margin | 4.09% | -44.23% | 6.12% | 7.10% | 8.70% | 7.74% |
| Return on Equity (ROE) | 7.86% | -96.28% | 8.58% | 11.03% | 10.38% | 8.54% |
| Return on Assets (ROA) | 1.42% | -15.95% | 2.62% | 1.49% | 1.57% | 1.33% |
| Current Ratio | 1.32× | 1.61× | — | — | — | — |
| Debt-to-Equity | 1.78× | 2.19× | 1.39× | 1.24× | 1.05× | 1.03× |
| Effective Tax Rate | 24.35% | 26.29% | 18.94% | 19.27% | 20.20% | 17.00% |
| Cash Conversion Ratio | 3.10× | -0.34× | 2.74× | 1.87× | 1.51× | 2.15× |
| Accruals Ratio | -0.03× | -0.21× | -0.05× | -0.01× | -0.01× | -0.02× |
| SBC % of Revenue | 0.11% | 0.11% | 0.21% | 0.22% | 0.32% | 0.23% |
| CapEx Coverage | 1.11× | 1.40× | 1.24× | 1.34× | 1.19× | 1.12× |
| Free Cash Flow Per Share | $0.23 | $1.09 | $0.96 | $1.04 | $0.56 | $0.42 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 17.32× | — | 7.84× | 19.02× | 18.44× | 19.55× |
| P/FCF | 53.88× | 8.91× | 14.84× | 40.20× | 74.37× | 85.03× |
| FCF Yield | 1.86% | 11.22% | 6.74% | 2.49% | 1.34% | 1.18% |
| EV / EBITDA | 8.37× | — | 8.23× | 13.22× | 10.14× | 9.85× |
| P/S | 0.69× | 0.52× | 0.48× | 1.34× | 1.59× | 1.50× |
| P/B | 1.32× | 1.13× | 0.67× | 2.08× | 1.90× | 1.65× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 3.09B | 3.22B | 3.29B | 3.42B | 2.85B | 2.58B |
| Operating Income (Loss) | 235.32M | -1.71B | 274.99M | 279.56M | 386.07M | 311.49M |
| Income Tax Expense (Benefit) | 40.65M | -470.96M | 34.53M | 38.91M | 62.81M | 40.91M |
| Net Income (Loss) Attributable to Parent | 126.28M | -1.42B | 201.13M | 243.03M | 248.06M | 199.71M |
| Earnings Per Share, Basic | $0.71 | $-11.23 | $1.82 | $2.20 | $2.25 | $1.81 |
| Weighted Average Number of Shares Outstanding, Basic | 172.55M | 126.93M | 109.74M | 109.43M | 109.28M | 109.14M |
| Earnings Per Share, Diluted | $0.71 | $-11.23 | $1.81 | $2.20 | $2.25 | $1.81 |
| Weighted Average Number of Shares Outstanding, Diluted | 173.02M | 126.93M | 110.04M | 109.78M | 109.58M | 109.36M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 501.78M | 750.53M | 244.09M | 43.73M | 305.55M | 341.42M |
| Assets, Current | 1.88B | 2.13B | — | — | — | — |
| Assets | 8.92B | 8.93B | 7.68B | 16.28B | 15.82B | 15.00B |
| Long-term Debt | 2.29B | 2.69B | 2.83B | 2.38B | 2.32B | 2.12B |
| Liabilities, Current | 1.43B | 1.32B | — | — | — | — |
| Liabilities | 7.32B | 7.42B | 14.86B | 14.05B | 13.40B | 12.63B |
| Stockholders' Equity Attributable to Parent | 1.61B | 1.48B | 2.34B | 2.20B | 2.39B | 2.34B |
| Common Stock, Shares, Outstanding | 172.62M | 172.47M | 110.15M | 109.47M | 109.31M | 109.18M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 391.07M | 487.48M | 551.47M | 454.48M | 375.67M | 429.41M |
| Payments to Acquire Property, Plant, and Equipment | 341.20M | 344.25M | 442.73M | 339.33M | 314.52M | 383.89M |
| Net Cash Provided by (Used in) Investing Activities | -322.18M | 258.32M | -257.40M | -1.13B | -1.18B | -1.41B |
| Net Cash Provided by (Used in) Financing Activities | -331.00M | 154.71M | 195.57M | 567.67M | 756.40M | 1.12B |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -42.50M | 20.65M | 29.22M | 22.92M | -36.87M | 49.24M |
| EBITDA | 128.82M | 139.41M | 126.00M | 129.85M | 138.98M | 127.05M |
| Working Capital | 462.02M | 456.84M | 492.96M | 101.16M | 387.36M | 809.74M |
| Net Debt | 2.37B | 2.35B | 2.30B | 2.27B | 2.14B | 2.49B |
| Operating Margin | 7.15% | 8.33% | 6.58% | 7.20% | 8.39% | 6.71% |
| Net Margin | 4.08% | 5.13% | 10.74% | 7.19% | 3.65% | -8.48% |
| Return on Equity (ROE) | 1.86% | 2.58% | 5.43% | 3.50% | 1.80% | -4.58% |
| Return on Assets (ROA) | 0.34% | 0.46% | 0.96% | 0.65% | 0.31% | -0.76% |
| Current Ratio | 1.34× | 1.32× | 1.35× | 1.07× | 1.25× | 1.61× |
| Debt-to-Equity | 1.72× | 1.78× | 1.82× | 1.58× | 1.84× | 2.19× |
| Effective Tax Rate | 21.10% | 22.64% | 21.85% | 33.56% | 19.07% | 21.56% |
| Cash Conversion Ratio | 2.00× | 2.57× | 3.35× | 3.43× | 1.83× | -2.02× |
| Accruals Ratio | -0.00× | -0.01× | -0.02× | -0.02× | -0.00× | -0.02× |
| SBC % of Revenue | 0.16% | 0.06% | 0.37% | 0.47% | 0.10% | 0.18% |
| CapEx Coverage | 0.59× | 1.24× | 1.11× | 1.14× | 0.57× | 1.56× |
| Free Cash Flow Per Share | $-0.25 | $0.12 | $0.17 | $0.13 | $-0.21 | $0.29 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 20.05× | 17.32× | 138.00× | — | — | — |
| EV / EBITDA | 9.41× | 8.37× | 8.06× | 12.85× | — | — |
| P/S | 0.83× | 0.69× | 0.62× | 0.59× | 0.60× | 0.52× |
| P/B | 1.56× | 1.32× | 1.22× | 1.20× | 1.25× | 1.13× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 746.45M | 805.82M | 790.61M | 746.39M | 744.07M | 799.18M |
| Operating Income (Loss) | 53.38M | 67.11M | 52.05M | 53.75M | 62.42M | 53.66M |
| Income Tax Expense (Benefit) | 8.14M | 12.11M | 8.73M | 13.42M | 6.39M | 8.15M |
| Net Income (Loss) Attributable to Parent | 30.45M | 41.36M | 84.92M | 53.70M | 27.14M | -67.77M |
| Earnings Per Share, Basic | $0.18 | $0.23 | $0.18 | $0.15 | $0.15 | $-0.40 |
| Weighted Average Number of Shares Outstanding, Basic | 172.63M | 172.55M | 172.62M | 172.50M | 172.48M | 172.47M |
| Earnings Per Share, Diluted | $0.18 | $0.23 | $0.18 | $0.15 | $0.15 | $-0.40 |
| Weighted Average Number of Shares Outstanding, Diluted | 173.33M | 173.02M | 172.92M | 172.66M | 172.81M | 172.47M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 452.84M | 501.78M | 548.24M | 154.28M | 629.34M | 750.53M |
| Assets, Current | 1.83B | 1.88B | 1.91B | 1.54B | 1.95B | 2.13B |
| Assets | 8.91B | 8.92B | 8.81B | 8.32B | 8.77B | 8.93B |
| Long-term Debt | 2.28B | 2.29B | 2.30B | 1.86B | 2.20B | 2.69B |
| Liabilities, Current | 1.37B | 1.43B | 1.42B | 1.44B | 1.56B | 1.32B |
| Liabilities | 7.28B | 7.32B | 7.22B | 6.76B | 7.23B | 7.42B |
| Stockholders' Equity Attributable to Parent | 1.64B | 1.61B | 1.56B | 1.53B | 1.51B | 1.48B |
| Common Stock, Shares, Outstanding | 172.64M | 172.62M | 172.62M | 172.61M | 172.49M | 172.47M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 61.03M | 106.41M | 284.67M | 184.42M | 49.66M | 136.57M |
| Payments to Acquire Property, Plant, and Equipment | 103.53M | 85.75M | 255.45M | 161.49M | 86.54M | 87.33M |
| Net Cash Provided by (Used in) Investing Activities | -101.91M | -84.82M | -237.35M | -152.49M | -78.49M | 282.38M |
| Net Cash Provided by (Used in) Financing Activities | -8.06M | -68.05M | -262.96M | -637.89M | -102.21M | 2.85M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (HE CIK 0000354707),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.