HAWAIIAN ELECTRIC INDUSTRIES INC HE

Latest FY: 2025 Utilities Utilities - Regulated Electric
Market Price $10.48
Market Cap $1.81B
P/E Ratio 14.76
Quick Peer Compare (Utilities):
Revenue (FY 2025) ↓-4.1% YoY
$3.09B
3-Yr CAGR: -6.2%
Net Income ↑108.9% YoY
$126.28M
Net Margin: 4.1%
Free Cash Flow ↓-65.2% YoY
$49.87M
FCF Yield: 2.76%
EPS (Diluted) ↑106.3% YoY
$0.71
Basic: $0.71
Return on Equity Efficiency
7.9%
ROA: 1.4%

📊 Multi-Year Historical Performance & Trends

Financial Performance History Revenue, Net Income & Free Cash Flow
Margins Trend (%) Gross, Operating & Net Margins
Balance Sheet Strength Cash, Debt & Equity
Cash Flow Generation Operating Cash Flow vs CapEx vs FCF

📈 Year-over-Year (YoY) Growth History (HE)

All monetary values in millions ($M)
Fiscal Year Revenue Revenue YoY Gross Profit Net Income Net Inc YoY Diluted EPS EPS YoY Div / Sh Div Yield Op. Cash Flow Free Cash Flow FCF YoY
FY 2016 $2,380.7M $2,292.1M $2.29 $1.24 3.75% $495.3M $165.2M
FY 2017 $2,555.6M +7.3% $2,464.5M $1.52 -33.6% $1.24 3.43% $420.4M $-74.7M -145.2%
FY 2018 $2,860.8M +11.9% $2,756.6M $1.85 +21.7% $1.24 3.39% $499.3M $-38.1M +49.1%
FY 2019 $2,874.6M +0.5% $2,765.3M $1.99 +7.6% $1.28 2.73% $512.5M $55.0M +244.4%
FY 2020 $2,579.8M -10.3% $2,480.0M $1.81 -9.0% $1.32 3.73% $429.4M $45.5M -17.2%
FY 2021 $2,850.4M +10.5% $2,751.0M $2.25 +24.3% $1.36 3.28% $375.7M $61.1M +34.4%
FY 2022 $3,742.0M +31.3% $3,625.3M $243.0M $2.20 -2.2% $1.40 3.35% $454.5M $110.4M +80.6%
FY 2023 $3,682.2M -1.6% $3,473.8M $201.1M -17.2% $1.81 -17.7% $1.08 7.61% $551.5M $103.2M -6.6%
FY 2024 $3,219.8M -12.6% $3,092.6M $-1,424.1M -808.1% $-11.23 -720.4% 0.00% $487.5M $143.2M +38.8%
FY 2025 $3,086.9M -4.1% $2,969.6M $126.3M +108.9% $0.71 +106.3% 0.00% $391.1M $49.9M -65.2%
$

Valuation

Market Price $10.48
Market Cap $1.81B
Enterprise Value $3.72B
P/E Ratio 14.76
P/B Ratio 1.13
FCF Yield 2.76%
Dividend Yield 10.31%
Shares Outstanding 172,635,600
%

Profitability & Margins

Gross Margin 96.20%
Operating Margin 7.62%
Net Margin 4.09%
Return on Equity (ROE) 7.86%
Return on Assets (ROA) 1.42%
Asset Turnover 0.35x
Revenue 3-Yr CAGR -6.21%
🛡️

Financial Health & Liquidity

Current Ratio 1.32
Cash Ratio 0.35
Debt / Equity 1.501
Debt / Assets 0.270
Cash & Equivalents $501.78M
Total Debt $2.41B
Book Value / Share $9.30
💧

Cash Flow Efficiency

Operating Cash Flow $391.07M
Capital Expenditures (CapEx) $341.20M
Free Cash Flow $49.87M
OCF / Revenue 12.67%
FCF / Revenue 1.62%
FCF 3-Yr CAGR -23.28%
🏷️

Per Share Metrics

EPS (Diluted) $0.71
EPS (Basic) $0.71
Dividends / Share $1.08
Book Value / Share $9.30
EPS YoY Growth 106.32%
🏛️

Balance Sheet (FY 2025)

Total Assets $8.92B
Total Liabilities $7.32B
Stockholders' Equity $1.61B
Current Assets $1.88B
Current Liabilities $1.43B