Hawaiian Electric Industries Inc (HE)
Hawaiian Electric Industries Inc brought in $3.5B of revenue over the twelve months to September 30, 2026, up 12.8% from a year earlier. Net income was $231.4M, a net margin of 6.6%. Operating cash flow minus capital spending left $49.9M of free cash flow in fiscal 2025. At September 30, 2026 it held $224.2M in cash against $2.3B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 6, 2026.
Key facts about Hawaiian Electric Industries Inc
- Net worth
- Hawaiian Electric Industries Inc has a market value (market cap) of $1.6B at the latest share price, and shareholders' equity of $1.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $3.1B (-4.1% year on year), with net income of $126.3M. Over the 12 months to September 30, 2026: revenue $3.5B, net income $231.4M.
- Cash flow
- In fiscal 2025 operations brought in $391.1M of cash; after $341.2M of capital spending, free cash flow was $49.9M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 6, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Hawaiian Electric Industries Inc's next report is expected around February 26, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Hawaiian Electric Industries Inc does
Hawaiian Electric Industries Inc is registered with the SEC under industry code SIC 4911 (Electric Services). Its shares trade on NYSE under the ticker HE.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $3.1B | $126.3M | $0.71 | $49.9M |
| 2024 | $3.2B | -$1.4B | -$11.23 | $143.2M |
| 2023 | $3.3B | $201.1M | $1.81 | $108.7M |
| 2022 | $3.5B | $243M | $2.20 | $115.1M |
| 2021 | $2.9B | $248.1M | $2.25 | $61.1M |
| 2020 | $2.6B | $199.7M | $1.81 | $45.5M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where HE ranks in Utilities
Dividends
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $0 | 0% |
| 2024 | n/a | $0 | n/a |
| 2023 | $1.08 | $74M | 37% |
| 2022 | $1.40 | $111.2M | 46% |
| 2021 | $1.36 | $148.6M | 60% |
| 2020 | $1.32 | $144.1M | 72% |
Latest SEC filings
What Hawaiian Electric Industries Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026
- November 6, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 26% to $1B versus the same quarter last year; diluted EPS $0.20 versus $0.18.
- November 6, 2026
- September 21, 2026Other event 8-K
- September 8, 2026
- August 7, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 26% to $939.7M versus the same quarter last year; diluted EPS $0.71 versus $0.15.
- August 7, 2026
- July 31, 2026
- June 15, 2026
- May 15, 2026Passive stake changed SCHEDULE 13G/A
What is HE worth? A DCF from its reported cash flow
Insider trades
What the people running Hawaiian Electric Industries Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| June 30, 2026 | Scilacci W JamesDirector | Received as pay | 9,238 | - |
| June 30, 2026 | Fowler Peggy YDirector | Received as pay | 9,238 | - |
| June 30, 2026 | Ajello James ADirector | Received as pay | 9,238 | - |
| June 30, 2026 | Johns Timothy EDirector | Received as pay | 9,238 | - |
| June 30, 2026 | Kipp Mary EDirector | Received as pay | 9,238 | - |
| June 30, 2026 | Kane Micah A.Director | Received as pay | 9,238 | - |
| June 30, 2026 | Connors Celeste AnneDirector | Received as pay | 9,238 | - |
| June 30, 2026 | Taniguchi Toby B.Director | Received as pay | 9,238 | - |
Who owns HE
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Horizon Kinetics Asset Management LLC13G, passive with 1 related filers | 12.5% | April 29, 2026 |
| Vanguard Portfolio Management13G, passive | 5.98% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 5.11% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 337 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 26,483,206 | +736,104 |
| Horizon Kinetics Asset Management LLC | 22,395,397 | +760,103 |
| Vanguard Portfolio Management LLC | 10,373,982 | +113,322 |
| Vanguard Capital Management LLC | 7,479,058 | +24,706 |
| State Street Corp | 7,181,312 | +364,551 |
| Geode Capital Management, LLC | 4,335,526 | +248,195 |
| Quantinno Capital Management LP | 3,979,937 | +467,420 |
| Charles Schwab Investment Management Inc | 3,086,280 | -257,332 |
| Invesco Ltd. | 2,662,995 | +643,695 |
| Dimensional Fund Advisors LP | 2,574,951 | +11,243 |
| Morgan Stanley | 2,501,036 | -154,144 |
| Bank of America Corp | 2,375,093 | -359,042 |
| Northern Trust Corp | 1,916,443 | +291,711 |
| Jupiter Asset Management Ltd | 1,804,720 | +1,606,702 |
| Goldman Sachs Group Inc | 1,552,999 | +38,696 |
| UBS Group AG | 1,378,357 | +372,395 |
| Principal Financial Group Inc | 1,338,368 | +48,263 |
| Mad River Investors | 1,321,850 | +4,800 |
| Vanguard Fiduciary Trust Co | 1,133,112 | +20,773 |
| 12 West Capital Management LP | 1,125,000 | -675,000 |
Insiders
13 insiders reported holding 357,421 shares in total, about $3.2M at the last price.
| Holder | Shares |
|---|---|
| Seu Scott W.H.President & CEO, Director | 52,043 |
| Kane Micah A.Director | 41,515 |
| Murao Kurt K.EVP, GC & Chief Admin Officer | 37,867 |
| Scilacci W JamesDirector | 35,723 |
| Connors Celeste AnneDirector | 34,678 |
| Flores ElisiaDirector | 33,996 |
| Kimura Shelee M.T.Pres & CEO, Hawn Electric Co. | 26,921 |
| Taniguchi Toby B.Director | 25,733 |
| Kipp Mary EDirector | 23,355 |
| Aquilino John CDirector | 17,861 |
Questions about HE
What does Hawaiian Electric Industries Inc do?
Hawaiian Electric Industries Inc is a company in the Utilities sector, listed on NYSE as HE. Its shares trade on NYSE under the ticker HE.
What is Hawaiian Electric Industries Inc's net worth?
Hawaiian Electric Industries Inc has a market value (market cap) of $1.6B at the latest share price, and shareholders' equity of $1.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Hawaiian Electric Industries Inc profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $231.4M on revenue of $3.5B, a net margin of 6.6%.
How much revenue does Hawaiian Electric Industries Inc make?
Over the twelve months to September 30, 2026 Hawaiian Electric Industries Inc reported revenue of $3.5B. That is 12.8% more than a year earlier.
When did Hawaiian Electric Industries Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 6, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the investor disclosure from November 9, 2026.
When is Hawaiian Electric Industries Inc's next earnings report?
Hawaiian Electric Industries Inc's next report is expected around February 26, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Hawaiian Electric Industries Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.