MARKETS / NYSE / HE
NYSE · ELECTRIC SERVICES · LARGE CAP

Hawaiian Electric Industries, Inc. HE

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$3.1B
▼ 3.3% vs FY2024
EPS · FY25
$0.71
Dividend / sh · FY25
Payout · FY25
0%
ROE · FY25
8.2%
Net margin · FY25
4.1%
Dividend coverage
1.7×
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Result
USD 3.1B
Revenue, FY2025 · full 18-year series below
Revenue Net income
12343.10.12008201120142017202020232025
12343.10.12016201920222025

4 cents of every revenue dollar became profit this year.

Per share
USD 0.71
Diluted EPS, FY2025
EPS Dividend
0.81.62.40.712008201120142017202020232025
0.81.62.40.712016201920222025

Earnings covered the dividend 1.7 times — the rest stayed in the company.

Profitability
8.2%
Return on equity, FY2025
ROE
4812168.2%2008201120142017202020232025
4812168.2%2016201920222025
Operating margin7.7%
Net margin4.1%
Return on assets1.4%

Each USD of equity produced 8 cents of profit this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit0.0%
Consecutive raises

Growth
+3.6% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−3.5%
+3.6%
+1.7%
+1.0%
Net income
−19.6%
−8.8%
−2.4%
+0.6%
Dividend / share
−6.5%
−2.7%
−1.4%
−0.9%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.17B
Shares outstanding, FY2025
0.090.172008201120142017202020232025
0.110.172016201920222025
Change, 5 years+1.2%
Change, 10 years+8.8%

The share count grew 1% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 8.9B
total assets, end of FY2025
Total assetsUSD 8.9B
EquityUSD 1.6B
CashUSD 501.8M
Gross debtUSD 2.4B
Net debtUSD 1.9B
Current ratio1.32×

Net debt stands at 119% of equity.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
3.1
3.2
3.2
3.4
2.9
2.6
2.9
2.9
2.6
2.4
2.6
3.2
3.2
3.4
3.2
2.7
2.3
3.2
Operating income $B
0.2
−1.7
0.3
0.3
0.4
0.3
0.3
0.3
0.3
0.4
0.3
0.3
0.3
0.3
0.3
0.3
0.2
0.2
EBITDA $B
0.5
−1.4
0.6
0.5
0.7
0.6
0.6
0.6
0.6
0.6
0.5
0.5
0.5
0.4
0.5
0.4
0.3
0.4
Income tax $B
0.0
−0.5
0.0
0.0
0.1
0.0
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.0
0.0
Net income $B
0.1
−1.4
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.3
0.2
0.2
0.2
0.1
0.1
0.1
0.1
0.1
EPS, diluted $
0.71
−11.23
1.81
2.20
2.25
1.81
1.99
1.85
1.52
2.29
1.50
1.63
1.62
1.42
1.44
1.21
0.91
1.07
Dividend / sh $
·
·
1.08
1.40
1.36
1.32
1.28
1.24
1.24
1.24
1.24
1.24
1.24
1.24
1.24
1.24
1.24
1.24
Payout %
0
−0
37
46
60
72
63
66
81
47
81
74
60
68
76
81
114
93
ROE %
8.2
−74.5
8.8
10.6
10.5
8.6
9.9
9.6
8.0
12.5
8.7
9.7
9.9
9.0
9.3
7.9
6.0
6.5
Shares out B
0.17
0.17
0.11
0.11
0.11
0.11
0.11
0.11
0.11
0.11
0.11
0.10
0.10
0.10
0.10
0.09
0.09
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
37 of 37
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed