HE
$8.58+1.06%
Hawaiian Electric Industries Inc.Stock · UtilitiesRussell 2000 0.07%Russell 3000 0.003%US Stock Market 0.003%
HE financial statements
The full income statement, balance sheet, and cash-flow statement for Hawaiian Electric Industries Inc. (HE), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 110.3M2024-09 172.5M2024-12 172.5M2025-03 172.5M2025-06 172.6M2025-09 172.6M2025-12 172.6M2026-03 172.6M2026-06 172.7M+56.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 3.09B-4.1% | 3.22B-2.1% | 3.29B-3.9% | 3.42B+20.0% | 2.85B+10.5% | |
| Provision for credit losses | — | — | — | — | -25.8M-151.8% | |
| Operating income | 235M+113.8% | -1.71B-720.7% | 275M-1.6% | 280M-27.6% | 386M+23.9% | |
| Interest expense | 117M-7.8% | 127M-38.9% | 208M+78.5% | 117M+17.4% | 99.4M-0.4% | |
| Interest & investment income | 36.9M+90.7% | 19.4M+112.7% | 9.11M | 0.00 | 0.00-100.0% | |
| Pre-tax income | 167M+109.3% | -1.79B-1082.8% | 182M-9.7% | 202M-35.0% | 311M+29.2% | |
| Income tax | 40.6M+108.6% | -471M-1463.8% | 34.5M-11.3% | 38.9M-38.0% | 62.8M+53.5% | |
| 126M+108.9% | -1.42B-808.1% | 201M-17.2% | 243M-2.0% | 248M+24.2% | ||
| Net income to common | 123M+108.6% | -1.43B-815.7% | 199M-17.4% | 241M-2.0% | 246M+24.4% | |
| $0.71+106.3% | -$11.23-720.4% | $1.81-17.7% | $2.20-2.2% | $2.25+24.3% | ||
| EPS (basic) | $0.71+106.3% | -$11.23-717.0% | $1.82-17.3% | $2.20-2.2% | $2.25+24.3% | |
| Weighted-avg shares (basic) | 173M+35.9% | 127M+15.7% | 110M+0.3% | 109M+0.1% | 109M+0.1% | |
| Weighted-avg shares (diluted) | 173M+36.3% | 127M+15.3% | 110M+0.2% | 110M+0.2% | 110M+0.2% | |
| Dividends per share | — | — | $1.08-22.9% | $1.40+2.9% | $1.36+3.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.88B-11.7% | 2.13B | — | — | — | ||
| Cash & equivalents | 502M-33.1% | 751M+207.5% | 244M+458.2% | 43.7M-85.7% | 306M-10.5% | |
| Accounts receivable | 492M+7.5% | 457M-16.4% | 547M | — | — | |
| Other current assets | 306M-19.6% | 380M+14.7% | 332M | — | — | |
| 8.92B-0.1% | 8.93B+16.3% | 7.68B-52.9% | 16.3B+2.9% | 15.8B+5.5% | ||
| Property, plant & equipment | 6.19B+0.9% | 6.13B+2.9% | 5.96B+4.9% | 5.69B+5.5% | 5.39B+2.4% | |
| Operating lease right-of-use | 56.6M-14.9% | 66.6M-16.5% | 79.7M-31.1% | 116M-5.5% | 122M-20.0% | |
| Goodwill | — | — | 82.2M+0.0% | 82.2M+0.0% | 82.2M+0.0% | |
| Other non-current assets | 316M+20.9% | 261M+29.2% | 202M | — | — | |
| Total non-current assets | 7.04B+3.5% | 6.80B | — | — | — | |
| 1.43B+7.8% | 1.32B | — | — | — | ||
| Accounts payable | 219M+7.7% | 203M+2.3% | 199M | — | — | |
| Short-term & current debt | 125M+14.5% | 109M+561.8% | 16.5M | — | — | |
| Other current liabilities | 410M-4.7% | 431M+6.8% | 403M | — | — | |
| 7.32B-1.4% | 7.42B-50.1% | 14.9B+5.8% | 14.0B+4.9% | 13.4B+6.1% | ||
| Long-term debt | 2.29B-15.1% | 2.69B-4.8% | 2.83B+18.5% | 2.38B+2.7% | 2.32B+9.6% | |
| Non-current lease liability | 43.3M-23.4% | 56.5M-19.2% | 70.0M | — | — | |
| Operating lease liability (total) | 61.0M-14.1% | 71.0M-31.7% | 104M-17.9% | 127M-7.4% | 137M-14.8% | |
| Finance lease liability (total) | — | — | 339M+596.1% | 48.7M | 0.00 | |
| Finance lease liability | 506M+18.5% | 427M+28.8% | 331M | — | — | |
| Deferred tax liabilities | — | 0.00-100.0% | 402M+53.3% | 262M-31.8% | 385M-2.6% | |
| Other non-current liabilities | 203M-16.3% | 243M-1.9% | 248M | — | — | |
| Total non-current liabilities | 5.89B-3.4% | 6.09B | — | — | — | |
| 1.61B+8.6% | 1.48B-36.9% | 2.34B+6.5% | 2.20B-7.9% | 2.39B+2.3% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Retained earnings | -666M+15.6% | -789M-185.1% | 927M+9.6% | 846M+11.6% | 758M+14.8% | |
| Accumulated other comprehensive income | 3.34M-3.6% | 3.46M+101.2% | -289M+13.9% | -336M-539.7% | -52.5M-4056.1% | |
| Total liabilities & equity | 8.92B-0.1% | 8.93B-48.2% | 17.2B+5.9% | 16.3B+2.9% | 15.8B+5.5% | |
| Common shares issued | 173M+0.1% | 172M+56.6% | 110M+0.6% | 109M+0.1% | 109M+0.1% | |
| Common shares outstanding | 173M+0.1% | 172M+56.6% | 110M+0.6% | 109M+0.1% | 109M+0.1% | |
| Shares outstanding (cover) | 173M+0.1% | 172M+56.6% | 110M+0.6% | 109M+0.1% | 109M+0.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 391M-19.8% | 487M-11.6% | 551M+21.3% | 454M+21.0% | 376M-12.5% | ||
| Depreciation & amortization | 299M+14.2% | 262M-7.3% | 282M+4.4% | 270M-3.0% | 279M-4.2% | |
| Share-based compensation | 3.43M-4.6% | 3.59M-47.0% | 6.78M-9.0% | 7.45M-18.4% | 9.13M+57.2% | |
| Deferred income taxes | -10.6M+97.8% | -486M-5298.8% | 9.35M+128.2% | -33.2M-514.2% | -5.40M-216.4% | |
| Other operating activities | -6.36M+53.9% | -13.8M-361.4% | -2.99M+43.8% | -5.32M+24.6% | -7.06M-616.8% | |
| -322M-224.7% | 258M+200.4% | -257M+77.2% | -1.13B+4.3% | -1.18B+16.6% | ||
| Capital expenditure | 341M-0.9% | 344M-22.2% | 443M+30.5% | 339M+7.9% | 315M-18.1% | |
| Free cash flow | 49.9M-65.2% | 143M+31.7% | 109M-5.6% | 115M+88.3% | 61.1M+34.4% | |
| Acquisitions | 0.00 | 0.00 | 0.00-100.0% | 25.7M | 0.00 | |
| Other investing activities | -5.25M+49.2% | -10.3M-57.5% | -6.56M+53.8% | -14.2M-52433.3% | -27.0K+99.2% | |
| -331M-314.0% | 155M-20.9% | 196M-65.5% | 568M-25.0% | 756M-32.2% | ||
| Long-term debt issued | 510M+9215.1% | 5.47M-99.1% | 625M+175.0% | 227M-20.5% | 286M-31.3% | |
| Long-term debt repaid | 734M+650.8% | 97.7M-41.5% | 167M-24.7% | 222M+169.8% | 82.3M-54.0% | |
| Common stock issued | 0.00-100.0% | 557M+45412.0% | 1.22M | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00-100.0% | 74.0M-33.5% | 111M-25.2% | 149M+3.2% | |
| Other financing activities | -20.0M-44.3% | -13.9M-170.2% | -5.13M-151.5% | -2.04M+33.7% | -3.08M+3.8% | |
| Net change in cash | -262M-129.1% | 901M+83.9% | 490M+559.6% | -107M-124.2% | -47.5M-136.2% | |
| Income taxes paid | — | — | 28.0M-31.7% | 41.0M+0.0% | 41.0M+28.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 2.12B+26.5% | 1.68B+7.4% | 1.56B-65.9% | 4.58B+1.0% | 4.54B+17.4% | |
| P/E | 16.8× | — | 7.5×-60.9% | 19.1×+4.3% | 18.3×-5.5% | |
| P/S | 0.7×+32.0% | 0.5×+4.5% | 0.5×-62.0% | 1.3×-17.6% | 1.6×+6.3% | |
| P/B | 1.3×+16.5% | 1.1×+61.5% | 0.7×-66.8% | 2.1×+11.6% | 1.9×+14.8% | |
| P/FCF | 42.6×+263.4% | 11.7×+103.3% | 5.8× | — | 74.2×-12.6% | |
| Earnings yield | 5.9% | — | 13.4%+155.9% | 5.2%-4.1% | 5.5%+5.8% | |
| FCF yield | 2.3%-72.5% | 8.5%-50.8% | 17.4% | — | 1.3%+14.4% | |
| Dividend yield | — | — | 7.6%+127.5% | 3.3%+2.1% | 3.3%-12.1% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: HE’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HE filings on SEC EDGAR → Not investment advice.