What is Hawaiian Elec Industries's earnings per share (EPS)?

Hawaiian Elec Industries (HE) reported diluted earnings per share of $0.71 for fiscal year 2025. This represents a 106.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Hawaiian Elec Industries Financials

Trailing 12 months to June 30, 2026

Revenue $3.3B +5.1% YoY

Net Income $223.5M +287.9% YoY

EPS (Diluted) $1.30 +228.7% YoY

Free Cash Flow -$565.5M -472.9% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 7, 2026 Currency USD FYE December

Hawaiian Elec Industries (HE) reported $3.3B in revenue over the twelve months to Jun 30, 2026, up 5.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI HE FY2025 2026-08-29

Earnings recovered without revenue growth, while capital needs kept free cash flow thin and leverage elevated

The FY2024 accounting loss of -$1.43B was not matched by cash economics: operating cash flow remained positive at $487M, a gap consistent with a major non-cash or accounting charge. In FY2025, capital spending of $341M left only $49.9M of free cash flow, showing that improved profitability still produced limited discretionary cash.

The operating margin returned to 7.6% in FY2025 from -53.0% in FY2024, indicating an earnings shock rather than ordinary margin drift. Revenue was $3.09B in FY2025, below FY2023, so the recovery was not dependent on top-line expansion.

Balance-sheet leverage improved as debt-to-equity fell from 1.8x in FY2024 to 1.4x in FY2025. However, the current ratio also declined from 1.6x to 1.3x, leaving less short-term cushion even as total equity rose to $1.61B.

Financial Health Signals

Financial Health Score 44/100

Scored as: Utilities peer group

Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Hawaiian Elec Industries's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Growth

Leverage

Liquidity

Cash Flow

Returns

Altman Z-Score Distress

0.55

Hawaiian Elec Industries scores 0.55, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Hawaiian Elec Industries passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

3.18x

For every $1 of reported earnings, Hawaiian Elec Industries generates $3.18 in operating cash flow ($391.1M OCF vs $123.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.01x

Hawaiian Elec Industries earns $2.01 in operating income for every $1 of interest expense ($235.3M vs $117.3M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.1B

YoY-4.1%

5Y CAGR+3.7%

10Y CAGR+1.7%

Hawaiian Elec Industries generated $3.1B in revenue in fiscal year 2025. This represents a decrease of 4.1% from the prior year.

EBITDA

$534.2M

YoY+137.8%

5Y CAGR-2.4%

10Y CAGR+0.3%

Hawaiian Elec Industries's EBITDA was $534.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 137.8% from the prior year.

Net Income

$123.1M

YoY+108.6%

5Y CAGR-9.2%

10Y CAGR-2.7%

Hawaiian Elec Industries reported $123.1M in net income in fiscal year 2025. This represents an increase of 108.6% from the prior year.

EPS (Diluted)

$0.71

YoY+106.3%

5Y CAGR-17.1%

10Y CAGR-7.2%

Hawaiian Elec Industries earned $0.71 per diluted share (EPS) in fiscal year 2025. This represents an increase of 106.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$49.9M

YoY-65.2%

5Y CAGR+1.8%

Hawaiian Elec Industries generated $49.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 65.2% from the prior year.

Cash & Debt

$501.8M

YoY-33.1%

5Y CAGR+8.0%

10Y CAGR+5.3%

Hawaiian Elec Industries held $501.8M in cash against $2.3B in long-term debt as of fiscal year 2025.

Shares Outstanding

173M

YoY+0.1%

5Y CAGR+9.6%

10Y CAGR+4.8%

Hawaiian Elec Industries had 173M shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Operating Margin

7.6%

YoY+60.6pp

5Y CAGR-4.5pp

10Y CAGR-4.8pp

Hawaiian Elec Industries's operating margin was 7.6% in fiscal year 2025, reflecting core business profitability. This is up 60.6 percentage points from the prior year.

Net Margin

4.0%

YoY+48.3pp

5Y CAGR-3.8pp

10Y CAGR-2.2pp

Hawaiian Elec Industries's net profit margin was 4.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 48.3 percentage points from the prior year.

Return on Equity

7.7%

YoY+104.1pp

5Y CAGR-0.9pp

10Y CAGR-0.7pp

Hawaiian Elec Industries's ROE was 7.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 104.1 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Capital Allocation

Capital Expenditures

$341.2M

YoY-0.9%

5Y CAGR-2.3%

10Y CAGR-0.6%

Hawaiian Elec Industries invested $341.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 0.9% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

HE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HE quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$3.3B	$3.1B-4.1%	$3.2B-2.1%	$3.3B-3.9%	$3.4B+20.0%	$2.9B+10.5%	$2.6B-10.2%	$2.9B+0.5%	$2.9B+11.9%	$2.6B+7.3%	$2.4B-8.5%	$2.6B-19.6%	$3.2B0.0%	$3.2B-4.0%	$3.4B+4.1%	$3.2B
Operating Income	$376.7M	$235.3M+113.8%	-$1.7B-720.7%	$275.0M-1.6%	$279.6M-27.6%	$386.1M+23.9%	$311.5M-10.5%	$348.0M+4.4%	$333.4M-3.7%	$346.2M-2.7%	$355.8M+10.3%	$322.6M-3.0%	$332.6M+4.8%	$317.5M+11.7%	$284.2M-1.9%	$289.7M
Interest Expense	$135.4M	$117.3M-7.8%	$127.2M-38.9%	$208.3M+78.5%	$116.7M+17.4%	$99.4M-0.4%	$99.8M-8.7%	$109.3M+4.9%	$104.2M+14.4%	$91.1M+2.9%	$88.6M+0.1%	$88.5M+1.5%	$87.2M+1.9%	$85.6M-4.3%	$89.4M-7.4%	$96.6M
Income Tax	$70.4M	$40.6M+108.6%	-$471.0M-1463.8%	$34.5M-11.3%	$38.9M-38.0%	$62.8M+53.5%	$40.9M-20.8%	$51.6M+1.7%	$50.8M-53.6%	$109.4M-11.6%	$123.7M+33.0%	$93.0M-2.7%	$95.6M+10.8%	$86.2M+12.2%	$76.9M+1.2%	$75.9M
Net Income	$223.5M	$123.1M+108.6%	-$1.4B-815.7%	$199.2M-17.4%	$241.1M-2.0%	$246.2M+23.3%	$199.7M-9.1%	$219.8M+7.9%	$203.7M+21.8%	$167.2M-33.2%	$250.1M+54.6%	$161.8M-4.9%	$170.0M+3.9%	$163.6M+16.4%	$140.5M+0.3%	$140.1M
EPS (Diluted)	$1.30	$0.71+106.3%	-$11.23-720.4%	$1.81-17.7%	$2.20-2.2%	$2.25+24.3%	$1.81-9.0%	$1.99+7.6%	$1.85+21.7%	$1.52-33.6%	$2.29+52.7%	$1.50-8.0%	$1.63+0.6%	$1.62+14.1%	$1.42-1.4%	$1.44

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$939.7M+25.9%	$746.4M-7.4%	$805.8M+1.9%	$790.6M+5.9%	$746.4M+0.3%	$744.1M-6.9%	$799.2M-4.1%	$833.2M
Operating Income	$204.2M+282.6%	$53.4M-20.5%	$67.1M+28.9%	$52.0M-3.2%	$53.7M-13.9%	$62.4M+16.3%	$53.7M+135.8%	-$149.7M
Interest Expense	$48.4M+55.4%	$31.1M+5.0%	$29.7M+13.1%	$26.2M-3.8%	$27.3M-20.3%	$34.2M	N/A	$32.1M
Income Tax	$41.5M+409.2%	$8.1M-32.8%	$12.1M+38.7%	$8.7M-34.9%	$13.4M+109.8%	$6.4M	N/A	-$50.0M
Net Income	$123.2M+304.6%	$30.4M-22.2%	$39.1M+27.3%	$30.7M+17.9%	$26.1M-3.9%	$27.1M+139.8%	-$68.2M+34.3%	-$103.9M
EPS (Diluted)	$0.71+294.4%	$0.18-21.7%	$0.23+27.8%	$0.18+20.0%	$0.150.0%	$0.15+137.5%	-$0.40+56.0%	-$0.91

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.

HE Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HE quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$8.9B-0.1%	$8.9B+16.3%	$7.7B-52.9%	$16.3B+2.9%	$15.8B+5.5%	$15.0B+9.2%	$13.7B+4.9%	$13.1B+4.5%	$12.5B+5.5%	$11.9B+0.8%	$11.8B+5.4%	$11.2B+8.1%	$10.3B+1.9%	$10.1B+5.8%	$9.6B
Current Assets	$1.9B-11.7%	$2.1B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$501.8M-33.1%	$750.5M+207.5%	$244.1M+458.2%	$43.7M-85.7%	$305.6M-10.5%	$341.4M+73.5%	$196.8M+16.3%	$169.2M-35.4%	$261.9M-6.0%	$278.5M-7.3%	$300.5M	N/A	N/A	N/A	N/A
Accounts Receivable	$491.5M+7.5%	$457.2M-16.4%	$546.7M+6.8%	$511.9M+48.7%	$344.2M+22.4%	$281.2M-6.5%	$300.8M-7.6%	$325.7M+23.7%	$263.2M+10.6%	$237.9M-2.0%	$242.8M-22.6%	$313.7M-9.5%	$346.8M-4.4%	$362.8M+5.4%	$344.3M
Goodwill	N/A	N/A	$82.2M0.0%	$82.2M0.0%	$82.2M0.0%	$82.2M0.0%	$82.2M0.0%	$82.2M0.0%	$82.2M0.0%	$82.2M0.0%	$82.2M0.0%	$82.2M0.0%	$82.2M0.0%	$82.2M0.0%	$82.2M
Total Liabilities	$7.3B-1.4%	$7.4B+39.1%	$5.3B-62.0%	$14.0B+4.9%	$13.4B+6.1%	$12.6B+10.5%	$11.4B+4.8%	$10.9B+4.9%	$10.4B+0.8%	$10.3B+5.1%	$9.8B+4.9%	$9.4B+9.1%	$8.6B+0.7%	$8.5B+6.1%	$8.0B
Current Liabilities	$1.4B+7.8%	$1.3B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.3B-15.1%	$2.7B-4.8%	$2.8B+18.5%	$2.4B+2.7%	$2.3B+9.6%	$2.1B+7.9%	$2.0B+4.5%	$1.9B+11.6%	$1.7B+4.0%	$1.6B+2.6%	$1.6B+4.8%	$1.5B+0.9%	$1.5B+4.9%	$1.4B+6.2%	$1.3B
Total Equity	$1.6B+8.6%	$1.5B-36.9%	$2.3B+6.5%	$2.2B-7.9%	$2.4B+2.3%	$2.3B+2.5%	$2.3B+5.5%	$2.2B+3.1%	$2.1B+1.5%	$2.1B+7.2%	$1.9B+7.7%	$1.8B+3.7%	$1.7B+8.4%	$1.6B+4.2%	$1.5B
Retained Earnings	-$665.6M+15.6%	-$788.9M-185.1%	$926.7M+9.6%	$845.8M+11.6%	$757.9M+14.8%	$660.4M+6.2%	$622.0M+14.4%	$543.6M+14.0%	$476.8M+8.6%	$439.0M+35.2%	$324.8M+9.5%	$296.7M+16.3%	$255.0M+18.1%	$215.9M+8.8%	$198.4M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$8.4B-5.7%	$8.9B-0.1%	$8.9B+1.2%	$8.8B+5.9%	$8.3B-5.0%	$8.8B-1.9%	$8.9B-49.6%	$17.7B
Current Assets	$1.3B-31.5%	$1.8B-2.9%	$1.9B-1.5%	$1.9B+24.2%	$1.5B-20.9%	$1.9B-8.8%	$2.1B	N/A
Cash & Equivalents	$238.7M-47.3%	$452.8M-9.8%	$501.8M-8.5%	$548.2M+255.3%	$154.3M-75.5%	$629.3M-16.1%	$750.5M-9.2%	$827.0M
Accounts Receivable	$520.4M+15.1%	$452.2M-8.0%	$491.5M-1.3%	$498.2M+14.3%	$435.8M-1.8%	$444.0M-2.9%	$457.2M-13.2%	$526.7M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0
Total Liabilities	$6.6B-8.8%	$7.3B-0.5%	$7.3B+1.4%	$7.2B+6.8%	$6.8B-6.5%	$7.2B-2.6%	$7.4B-54.0%	$16.1B
Current Liabilities	$1.3B-7.1%	$1.4B-4.2%	$1.4B+0.5%	$1.4B-1.3%	$1.4B-7.7%	$1.6B+17.7%	$1.3B	N/A
Long-Term Debt	$2.3B-0.6%	$2.3B-0.2%	$2.3B-0.4%	$2.3B+23.1%	$1.9B-15.4%	$2.2B-18.1%	$2.7B-5.2%	$2.8B
Total Equity	$1.8B+7.7%	$1.6B+2.0%	$1.6B+2.7%	$1.6B+1.9%	$1.5B+1.9%	$1.5B+1.8%	$1.5B-6.2%	$1.6B
Retained Earnings	-$512.0M+19.4%	-$635.2M+4.6%	-$665.6M+5.6%	-$705.4M+4.2%	-$736.2M+3.4%	-$762.2M+3.4%	-$788.9M-83.0%	-$431.0M

Not reported in any period shown, so not listed: Inventory.

HE Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HE quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	-$143.7M	$391.1M-19.8%	$487.5M-11.6%	$551.5M+21.3%	$454.5M+21.0%	$375.7M-12.5%	$429.4M-16.2%	$512.5M+2.6%	$499.3M+18.8%	$420.4M-15.2%	$495.7M+38.9%	$356.9M+9.7%	$325.4M-10.0%	$361.6M+29.6%	$278.9M+11.4%	$250.4M
Capital Expenditures	$421.8M	$341.2M-0.9%	$344.3M-22.2%	$442.7M+30.5%	$339.3M+7.9%	$314.5M-18.1%	$383.9M-16.1%	$457.5M-14.9%	$537.4M+8.5%	$495.2M+50.0%	$330.0M-9.3%	$363.8M-0.3%	$364.8M-6.3%	$389.4M+5.1%	$370.7M+57.7%	$235.1M
Free Cash Flow	-$565.5M	$49.9M-65.2%	$143.2M+31.7%	$108.7M-5.6%	$115.1M+88.3%	$61.1M+34.4%	$45.5M-17.2%	$55.0M+244.4%	-$38.1M+49.1%	-$74.7M-145.1%	$165.6M+2484.3%	-$6.9M+82.4%	-$39.4M-41.4%	-$27.9M+69.6%	-$91.8M-701.8%	$15.3M
Investing Cash Flow	-$409.8M	-$322.2M-224.7%	$258.3M+200.4%	-$257.4M+77.2%	-$1.1B+4.3%	-$1.2B+16.6%	-$1.4B-161.0%	-$541.7M+31.6%	-$792.1M+2.9%	-$815.3M-10.7%	-$736.5M-4.4%	-$705.7M	N/A	N/A	N/A	N/A
Financing Cash Flow	$155.5M	-$331.0M-314.0%	$154.7M-20.9%	$195.6M-65.5%	$567.7M-25.0%	$756.4M-32.2%	$1.1B+1171.8%	$87.7M-56.2%	$200.1M-47.1%	$378.3M+72.9%	$218.8M-53.8%	$473.8M	N/A	N/A	N/A	N/A
Dividends Paid	N/A	$0	$0-100.0%	$74.0M-33.5%	$111.2M-25.2%	$148.6M+3.2%	$144.1M+3.3%	$139.5M+3.3%	$135.0M+0.1%	$134.9M+15.0%	$117.3M-11.0%	$131.8M+4.2%	$126.5M+28.5%	$98.4M+2.3%	$96.2M-9.9%	$106.8M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$411.4M-774.1%	$61.0M-42.6%	$106.4M+6.1%	$100.3M-25.6%	$134.8M+171.3%	$49.7M-63.6%	$136.6M-13.3%	$157.5M
Capital Expenditures	$138.6M+33.8%	$103.5M+20.7%	$85.8M-8.7%	$94.0M+25.4%	$75.0M-13.4%	$86.5M-0.9%	$87.3M+12.0%	$78.0M
Free Cash Flow	-$550.0M-1193.9%	-$42.5M-305.8%	$20.7M+228.1%	$6.3M-89.5%	$59.8M+262.2%	-$36.9M-174.9%	$49.2M-38.0%	$79.5M
Investing Cash Flow	-$138.2M-35.6%	-$101.9M-20.1%	-$84.8M0.0%	-$84.9M-14.7%	-$74.0M+5.7%	-$78.5M-127.8%	$282.4M+590.4%	-$57.6M
Financing Cash Flow	-$143.3M-1678.6%	-$8.1M+88.2%	-$68.0M-118.1%	$374.9M+170.0%	-$535.7M-424.1%	-$102.2M-3686.2%	$2.9M-99.4%	$506.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0

Not reported in any period shown, so not listed: Share Buybacks.

HE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

HE quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Margin	7.6%+60.6pp	-53.0%-61.4pp	8.4%+0.2pp	8.2%-5.4pp	13.5%+1.5pp	12.1%0.0pp	12.1%+0.5pp	11.7%-1.9pp	13.6%-1.4pp	14.9%+2.6pp	12.4%+2.1pp	10.3%+0.5pp	9.8%+1.4pp	8.4%-0.5pp	8.9%
Net Margin	4.0%+48.3pp	-44.3%-50.4pp	6.1%-1.0pp	7.0%-1.6pp	8.6%+0.9pp	7.7%+0.1pp	7.6%+0.5pp	7.1%+0.6pp	6.5%-4.0pp	10.5%+4.3pp	6.2%+1.0pp	5.3%+0.2pp	5.1%+0.9pp	4.2%-0.2pp	4.3%
Return on Equity	7.7%+104.1pp	-96.4%-104.9pp	8.5%-2.4pp	10.9%+0.7pp	10.3%+1.8pp	8.5%-1.1pp	9.6%+0.2pp	9.4%+1.5pp	8.0%-4.1pp	12.1%+3.7pp	8.4%-1.1pp	9.5%0.0pp	9.5%+0.7pp	8.8%-0.4pp	9.2%
Return on Assets	1.4%+17.4pp	-16.0%-18.6pp	2.6%+1.1pp	1.5%-0.1pp	1.6%+0.2pp	1.3%-0.3pp	1.6%+0.1pp	1.6%+0.2pp	1.3%-0.8pp	2.1%+0.7pp	1.4%-0.1pp	1.5%-0.1pp	1.6%+0.2pp	1.4%-0.1pp	1.5%
Current Ratio	1.32-0.3x	1.61	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.42-0.4x	1.82+0.6x	1.21+0.1x	1.08+0.1x	0.97+0.1x	0.910.0x	0.860.0x	0.87+0.1x	0.800.0x	0.780.0x	0.820.0x	0.840.0x	0.860.0x	0.890.0x	0.88
FCF Margin	1.6%-2.8pp	4.5%+1.1pp	3.3%-0.1pp	3.4%+1.2pp	2.1%+0.4pp	1.8%-0.1pp	1.9%+3.2pp	-1.3%+1.6pp	-2.9%-9.9pp	7.0%+7.2pp	-0.3%+1.0pp	-1.2%-0.4pp	-0.9%+1.9pp	-2.7%-3.2pp	0.5%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Margin	21.7%+14.6pp	7.1%-1.2pp	8.3%+1.8pp	6.6%-0.6pp	7.2%-1.2pp	8.4%+1.7pp	6.7%+24.7pp	-18.0%
Net Margin	13.1%+9.0pp	4.1%-0.8pp	4.9%+1.0pp	3.9%+0.4pp	3.5%-0.2pp	3.6%+12.2pp	-8.5%+3.9pp	-12.5%
Return on Equity	7.0%+5.1pp	1.9%-0.6pp	2.4%+0.5pp	2.0%+0.3pp	1.7%-0.1pp	1.8%+6.4pp	-4.6%+2.0pp	-6.6%
Return on Assets	1.5%+1.1pp	0.3%-0.1pp	0.4%+0.1pp	0.4%0.0pp	0.3%0.0pp	0.3%+1.1pp	-0.8%-0.2pp	-0.6%
Current Ratio	0.99-0.4x	1.340.0x	1.320.0x	1.35+0.3x	1.07-0.2x	1.25-0.4x	1.61	N/A
Debt-to-Equity	1.29-0.1x	1.390.0x	1.420.0x	1.47+0.3x	1.21-0.2x	1.46-0.4x	1.820.0x	1.80
FCF Margin	-58.5%-52.8pp	-5.7%-8.3pp	2.6%+1.8pp	0.8%-7.2pp	8.0%+13.0pp	-5.0%-11.1pp	6.2%-3.4pp	9.5%

Not reported in any period shown, so not listed: Gross Margin.

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Where Hawaiian Elec Industries Ranks

Frequently Asked Questions

What is Hawaiian Elec Industries's annual revenue?

Hawaiian Elec Industries (HE) reported $3.1B in total revenue for fiscal year 2025. This represents a -4.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Hawaiian Elec Industries's revenue growing?

Hawaiian Elec Industries (HE) revenue declined by 4.1% year-over-year, from $3.2B to $3.1B in fiscal year 2025.

Is Hawaiian Elec Industries profitable?

Yes, Hawaiian Elec Industries (HE) reported a net income of $123.1M in fiscal year 2025, with a net profit margin of 4.0%.

What is Hawaiian Elec Industries's EBITDA?

Hawaiian Elec Industries (HE) had EBITDA of $534.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Hawaiian Elec Industries have?

As of fiscal year 2025, Hawaiian Elec Industries (HE) had $501.8M in cash and equivalents against $2.3B in long-term debt.

What is Hawaiian Elec Industries's operating margin?

Hawaiian Elec Industries (HE) had an operating margin of 7.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Hawaiian Elec Industries's net profit margin?

Hawaiian Elec Industries (HE) had a net profit margin of 4.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Hawaiian Elec Industries's return on equity (ROE)?

Hawaiian Elec Industries (HE) has a return on equity of 7.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Hawaiian Elec Industries's free cash flow?

Hawaiian Elec Industries (HE) generated $49.9M in free cash flow during fiscal year 2025. This represents a -65.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Hawaiian Elec Industries's operating cash flow?

Hawaiian Elec Industries (HE) generated $391.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Hawaiian Elec Industries's total assets?

Hawaiian Elec Industries (HE) had $8.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Hawaiian Elec Industries's capital expenditures?

Hawaiian Elec Industries (HE) invested $341.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Hawaiian Elec Industries have outstanding?

Hawaiian Elec Industries (HE) had 173M shares outstanding as of fiscal year 2025.

What is Hawaiian Elec Industries's current ratio?

Hawaiian Elec Industries (HE) had a current ratio of 1.32 as of fiscal year 2025, which is considered adequate.

What is Hawaiian Elec Industries's debt-to-equity ratio?

Hawaiian Elec Industries (HE) had a debt-to-equity ratio of 1.42 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Hawaiian Elec Industries's return on assets (ROA)?

Hawaiian Elec Industries (HE) had a return on assets of 1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Hawaiian Elec Industries's Altman Z-Score?

Hawaiian Elec Industries (HE) has an Altman Z-Score of 0.55, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Hawaiian Elec Industries's Piotroski F-Score?

Hawaiian Elec Industries (HE) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Hawaiian Elec Industries's earnings high quality?

Hawaiian Elec Industries (HE) has an earnings quality ratio of 3.18x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Hawaiian Elec Industries cover its interest payments?

Hawaiian Elec Industries (HE) has an interest coverage ratio of 2.01x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Hawaiian Elec Industries?

Hawaiian Elec Industries (HE) scores 44 out of 100 on our Financial Health Score, indicating moderate standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.