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HAWAIIAN ELECTRIC INDUSTRIES INC

HE

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Financial Statements

Values in Millions ($)
2026-06-30
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
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Assets
Assets Current
Cash And Cash Equivalents At Carrying Value
239453502548154629751827216258244667
Restricted Cash And Cash Equivalents
-------1416181515
Restricted Cash And Cash Equivalents At Carrying V…
0479479479483482492---15-
Accounts Receivable Net Current
--492---457---547-
Accounts Receivable Net
520452-498436444-527476469575540
Debt Securities Available For Sale Excluding Accru…
-------1,0841,0621,0921,1361,266
Debt Securities Held To Maturity Excluding Accrued…
-------1,1591,1791,1911,2011,212
Federal Home Loan Bank Stock
-------2929321518
Financing Receivable Excluding Accrued Interest Af…
-------5,9735,9636,0466,1066,115
Loans Receivable Held For Sale Net Not Part Of Dis…
-------3143152
Regulatory Assets Current
52485036444354---68-
Other Assets Current
390342306296305348380---332-
Assets Of Disposal Group Including Discontinued Op…
52565656118-0-----
Assets Current
1,2531,8301,8851,9141,5401,9462,134-----
Assets Noncurrent
Land
--55---64---69-
Machinery And Equipment Gross
--8,731---8,634---8,472-
Finance Lease Right Of Use Asset Before Accumulate…
--539---449---343-
Construction In Progress Gross
--382---366---320-
Property Plant And Equipment Gross
--9,707---9,513---9,204-
Property Plant And Equipment Net
6,3476,2376,1886,1556,0606,1386,1346,2966,2996,1845,9635,917
Operating Lease Right Of Use Asset
485257586266678587918099
Regulatory Assets
---251242233-314322315295231
Regulatory Assets Noncurrent
275263258---227---226-
Defined Benefit Plan Assets For Plan Benefits Nonc…
222220219---107-----
Other Assets Noncurrent
--316---261---202-
Assets Of Disposal Group Including Discontinued Op…
------0---9,566-
Other Assets
-312-435421383-1,0881,057915878826
Goodwill
-------00828282
Assets Noncurrent
7,1497,0847,0386,9006,7856,8206,797-----
Assets
8,4028,9148,9238,8148,3258,7668,93117,73117,05516,92317,24416,992
Liabilities And Stockhold…
Accounts Payable Current And Noncurrent
-------256249249247256
Liabilities
Deposits
-------7,9998,0368,0058,1468,224
Other Short Term Borrowings
----------00
Accounts Payable Current
306220219217233207203---199-
Short Term Borrowings
--00494949---0-
Long Term Debt Current
0125125143143415109---16-
Regulatory Liability Current
31365238272827---37-
Loss Contingency Accrual Carrying Value Current
458527530527479479479---75-
Other Liabilities Current
384351410402369342431---403-
Liabilities Of Disposal Group Including Discontinu…
61616059114-0-----
Liabilities Current
1,2701,3681,4281,4211,4391,5591,325-----
Liabilities Noncurrent
Other Liabilities
-------736750772853838
Deferred Income Tax Liabilities Net
------000299402259
Operating Lease Liability
-------9295100104109
Finance Lease Liability
-------441443350339122
Regulatory Liabilities
-------1,1911,1761,1601,1511,102
Pension And Other Postretirement Defined Benefit P…
-------8383858371
Loss Contingency Accrual At Carrying Value
-------1,9151,712---
Long Term Debt
2,2662,2802,2852,2951,8642,2032,6902,8372,8382,8382,8262,945
Operating Lease Liability Noncurrent
36394346505457---70-
Finance Lease Liability Noncurrent
-503506510462466427---331-
Regulatory Liability Noncurrent
1,4421,4141,3921,2861,2661,2461,218---1,114-
Pension And Other Postretirement Defined Benefit P…
--2423232323---78-
Defined Benefit Pension Plan Liabilities Noncurren…
2424----------
Loss Contingency Accrual Carrying Value Noncurrent
8901,4361,4361,4361,4361,4361,436---0-
Other Liabilities Noncurrent
212214203199215238243---248-
Liabilities Of Disposal Group Including Discontinu…
------0---9,037-
Liabilities Noncurrent
5,3695,9095,8895,7955,3175,6676,093-----
Liabilities
6,6397,2777,3177,2166,7567,2267,41816,12015,93614,51214,86514,733
Temporary Equity Carrying Amount Including Portion…
--0343434343434343434
Stockholders Equity
Preferred Stock No Par Value
---000-000-0
Preferred Stock Value
000000000000
Common Stocks Including Additional Paid In Capital…
2,2722,2692,2682,2672,2682,2652,2652,2661,7091,7081,7071,704
Retained Earnings Accumulated Deficit
-512-635-666-705-736-762-789-431-327969927878
Accumulated Other Compreh…
Accumulated Other Comprehensive Income Loss Availa…
------0----283-
Aoci Derivative Qualifying As Hedge Excluded Compo…
--1---2---2-
Accumulated Other Comprehensive Income Loss Net Of…
3332333-258-298-299-289-358
Stockholders Equity
1,7631,6371,6061,5641,5341,5061,4791,5771,0852,3772,3452,224
Liabilities And Stockholders Equity
8,4028,9148,9238,8148,3258,7668,93117,73117,05516,92317,24416,992
Accumulated Depreciation Depletion And Amortizatio…
3,6273,572-3,5193,4983,4443,412-3,3783,4573,4163,374-3,2413,341
Preferred Stock Shares Authorized
101010101010101010101010
Preferred Stock Shares Issued
000000000000
Common Stock No Par Value
---000-000-0
Common Stock Shares Authorized
400400400400200200400200200200200200
Common Stock Shares Issued
173173173173173172172172110110110110
Shares Outstanding
173173173173173172172172110110110110

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Earnings Market Reaction

Fiscal Year
Q1 1 Month
Q1 2 Month
Q1 3 Month
Q2 1 Month
Q2 2 Month
Q2 3 Month
Q3 1 Month
Q3 2 Month
Q3 3 Month
Q4 1 Month
Q4 2 Month
Q4 3 Month
2026-10.32%-8.50%-8.97%---------
20251.81%1.53%3.43%17.39%1.09%7.43%1.64%4.75%27.40%-9.23%1.94%-14.59%
202410.01%-9.71%68.57%-30.77%-35.81%-37.10%-2.35%-6.58%-15.98%-0.45%-5.00%-3.45%
2023------15.46%29.87%16.94%-9.36%-10.43%-5.58%

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Performance and Valuation Metrics

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Metrics
2026-06-30
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
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Liquidity Ratios
Current Ratio
0.99
1.34
1.32
1.35
1.07
1.25
1.61
-
-
-
-
-
Quick Ratio
0.99
1.34
1.32
1.35
1.07
1.25
1.61
-
-
-
-
-
Working Capital
-17.18M
462.03M
456.84M
492.96M
101.16M
387.36M
809.74M
-
-
-
-
-
Leverage & Debt
Debt to Equity
3.77
4.44
4.56
4.61
4.40
4.80
5.02
-
-
-
-
-
Interest Coverage TTM
2.78
1.98
2.01
1.87
0.16
-13.06
-13.42
-18.18
-23.79
7.36
-
-
Debt Ratio
0.79
0.82
0.82
0.82
0.81
0.82
0.83
-
-
-
-
-
Efficiency & Turnover
Asset Turnover TTM
0.39
0.35
0.35
0.35
0.38
0.36
0.36
-
-
-
-
-
Days Sales Outstanding TTM
-
-
56.09
-
-
-
56.90
-
-
-
60.70
-
Receivables Turnover TTM
-
-
6.51
-
-
-
6.41
-
-
-
6.01
-
Per Share Metrics
Diluted EPS TTM
1.47
1.01
0.99
-0.17
-0.51
-8.32
-11.23
-10.54
-10.49
1.63
1.78
2.21
Free Cash Flow Per Share TTM
-3.74
-0.11
-0.08
0.09
0.46
0.70
1.45
0.96
1.35
2.45
2.74
4.18
Dividend Per Share TTM
0.06
0.07
0.01
0.01
0.01
0.01
0.02
0.35
1.39
2.10
2.46
2.46
Margin Metrics
Operating Profit Margin TTM
11.48%
7.32%
7.62%
7.20%
0.64%
-53.45%
-53.01%
-58.58%
-49.89%
7.37%
8.36%
9.47%
Net Profit Margin TTM
7.77%
5.66%
5.56%
-0.95%
-2.83%
-45.35%
-44.29%
-40.42%
-37.92%
5.73%
5.96%
6.49%
Growth Metrics
Net Revenue Growth (1Y)
5.11%
-2.61%
-4.13%
3.28%
2.36%
0.65%
-2.06%
-20.36%
-21.47%
-18.89%
-12.15%
7.21%
Net Income Growth (1Y)
-388.34%
-112.16%
-112.03%
-97.57%
-92.35%
-897.12%
-827.75%
-595.60%
-556.46%
-21.05%
-19.37%
36.17%
EPS Growth (1Y)
-388.10%
-112.14%
-108.85%
-98.39%
-95.11%
-609.38%
-729.20%
-575.53%
-553.44%
-21.55%
-19.60%
35.85%
Valuation Metrics
P/E TTM
9.16
14.65
12.37
-65.04
-20.73
-1.31
-0.87
-0.92
-0.86
6.88
7.95
5.55
P/B TTM
1.32
1.56
1.32
1.22
1.19
1.25
0.83
0.70
0.92
0.52
0.66
0.61
P/S TTM
0.71
0.83
0.69
0.62
0.59
0.60
0.38
0.37
0.33
0.39
0.47
0.36
Market Cap
2.34B
2.56B
2.12B
1.91B
1.83B
1.89B
1.23B
1.11B
994.93M
1.24B
1.56B
1.35B
Enterprise Value
4.36B
4.39B
3.43B
3.17B
3.59B
3.03B
2.73B
2.77B
3.62B
3.58B
3.69B
3.63B
Calculated Values
Free Cash Flow TTM
-646.12M
-19.38M
-13.74M
14.84M
79.62M
120.88M
183.49M
110.22M
149.00M
270.22M
301.14M
458.90M
Net Debt
2.03B
1.83B
1.30B
1.27B
1.76B
1.14B
1.50B
1.66B
2.62B
2.34B
2.13B
2.28B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2023-03-08Sale
Owner: Russell, Keith P
Title: -
Shares: 10,000
Price/Share: $39.21
Value: $392,100.00
Shares Owned: 23,447
Relationship: Director
Ownership: Direct
2022-05-19Sale
Owner: Hazelton, Gregory C
Title: EVP & CFO
Shares: 22,000
Price/Share: $42.25
Value: $929,500.00
Shares Owned: 14,576
Relationship: Officer
Ownership: Direct
2021-12-15Sale
Owner: Lau, Constance H
Title: President & CEO
Shares: 31,000
Price/Share: $42.15
Value: $1,306,650.00
Shares Owned: 21,825
Relationship: Director,Officer
Ownership: Direct
2021-05-13Sale
Owner: Hazelton, Gregory C
Title: EVP & CFO
Shares: 3,400
Price/Share: $44.81
Value: $152,354.00
Shares Owned: 35,191
Relationship: Officer
Ownership: Direct
2020-06-03Sale
Owner: Hazelton, Gregory C
Title: EVP & CFO
Shares: 5,000
Price/Share: $39.51
Value: $197,550.00
Shares Owned: 39,042
Relationship: Officer
Ownership: Direct

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Institutional Ownership

No data available for chart
2026-03-31
74.44%
Inst. Shares: 128,505,024
Shares Outstanding: 172,626,000
2025-12-31
75.60%
Inst. Shares: 130,446,010
Shares Outstanding: 172,553,000
2025-09-30
64.14%
Inst. Shares: 110,722,548
Shares Outstanding: 172,617,000
2025-06-30
65.86%
Inst. Shares: 113,608,604
Shares Outstanding: 172,496,000
2025-03-31
69.57%
Inst. Shares: 119,985,283
Shares Outstanding: 172,478,000

HAWAIIAN ELECTRIC INDUSTRIES INC (HE) — SEC Financial Statements & Analysis

HAWAIIAN ELECTRIC INDUSTRIES INC (HE) is a electric services company, incorporated in HI. HAWAIIAN ELECTRIC INDUSTRIES INC trades on NYSE as: HE. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), HAWAIIAN ELECTRIC INDUSTRIES INC reported a 5.11% year-over-year revenue growth, a Debt-to-Equity ratio of 3.77x, a Price-to-Sales (P/S) ratio of 0.71x (TTM), a Price-to-Book (P/B) ratio of 1.32x (TTM), at a market cap of $2.34B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y
5.11%
Debt To Equity
3.77x
P/S TTM
0.71x
P/B TTM
1.32x
Market Cap
$2.34B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is HAWAIIAN ELECTRIC INDUSTRIES INC in?

HAWAIIAN ELECTRIC INDUSTRIES INC (HE) operates in the Electric Services industry.

What is HE's market cap?

HAWAIIAN ELECTRIC INDUSTRIES INC (HE) has a market capitalization of $2.34B as of 2026-06-30.

What is HE's P/E ratio?

HAWAIIAN ELECTRIC INDUSTRIES INC (HE)'s trailing twelve month P/E ratio is 9.16x as of 2026-06-30.

What exchange does HE trade on?

HAWAIIAN ELECTRIC INDUSTRIES INC (HE) trades on the NYSE.

Where is HAWAIIAN ELECTRIC INDUSTRIES INC incorporated?

HAWAIIAN ELECTRIC INDUSTRIES INC is incorporated in HI.

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