HENYSE—65

HAWAIIAN ELECTRIC INDUSTRIES INC

Electric UtilitiesVerified

HAWAIIAN ELECTRIC INDUSTRIES INC (HE) is currently classified as Electric Utilities within Electric Utilities (Utilities). Classification confidence: 0.92 (verified market data). Capital structure on the latest snapshot: total assets 8,922,879,000 USD, total equity 1,605,919,000, short-term debt 124,959,000, long-term debt 0. Net cash position is approximately 376,819,000 USD. Profitability profile: revenue 3,086,896,000, gross profit 0, operating income 235,322,000, net income 126,281,000. Return on equity ~7.9%. Return on assets ~1.4%. Operating-cash-flow to net-income ratio is 3.10. Risk profile from automated assessment: liquidity risk high, dilution risk medium. Flags: Filings reference going-concern or substantial-doubt language.; Source documents mention dilution or offering risk.. Comparable peers identified within the same class: Duke Energy, NextEra Energy, Southern Company.

30-day price · HE-0.81 (-5.8%)

Low$13.15High$16.05Close$13.25As of15 May, 00:00 UTC

Profile

CompanyHAWAIIAN ELECTRIC INDUSTRIES INC

ExchangeNYSE

TickerHE

CIK0000354707

SICElectric Services

SectorUtilities

BusinessUtilities

Industry groupUtilities

IndustryElectric Utilities

AI analysis

Business. HAWAIIAN ELECTRIC INDUSTRIES INC is classified under Utilities / Electric Utilities and appears profitable on the latest normalized snapshot.

Classification. Classification confidence is 0.92 based on verified market data; matched terms: Electric Utilities, Utilities, Utilities.

Key takeaways

Return on equity is about 7.9%.
Debt to equity is about 0.08x.
Likely peers from the same classification include Duke Energy, NextEra Energy, Southern Company.

Financial snapshot

PeriodFY2025

CurrencyUSD

Revenue$3.09B

Gross profit—

Operating income$235.3M

Net income$126.3M

R&D—

SG&A—

D&A$298.9M

SBC$3.4M

Operating cash flow$391.1M

CapEx$341.2M

Free cash flow$49.9M

Total assets$8.92B

Total liabilities$7.32B

Total equity$1.61B

Cash & equivalents$501.8M

Long-term debt—

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY2025$3.09B$235.3M$126.3M$49.9M

FY2024$3.22B-$1.71B-$1.42B$143.2M

FY2025$3.22B-$1.71B-$1.42B$143.2M

FY2024$833.2M-$149.7M——

FY2024$795.4M-$1.66B——

PeriodGross %Op %Net %FCF %

FY2025————

FY2024————

FY2025————

FY2024————

PeriodAssetsEquityCashDebt

FY2025$8.92B$1.61B$501.8M—

FY2024$8.93B$1.48B$750.5M—

FY2025$8.93B$1.48B$750.5M—

FY2024————

PeriodOCFCapExFCFSBC

FY2025$391.1M$341.2M$49.9M$3.4M

FY2024$487.5M$344.3M$143.2M$3.6M

FY2025$487.5M$344.3M$143.2M$3.6M

FY2024————

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

Q3 2025$2.28B$168.2M$84.9M$29.2M

Q2 2025$1.49B$116.2M$53.7M$22.9M

Q3 2025————

Q1 2025$744.1M$62.4M$27.1M-$36.9M

PeriodGross %Op %Net %FCF %

Q3 2025————

Q2 2025————

Q3 2025————

Q1 2025————

PeriodAssetsEquityCashDebt

Q3 2025$8.81B$1.56B$548.2M—

Q2 2025$8.32B$1.53B$154.3M—

Q3 2025—$1.53B——

Q1 2025$8.77B$1.51B$629.3M—

PeriodOCFCapExFCFSBC

Q3 2025$284.7M$255.4M$29.2M$2.9M

Q2 2025$184.4M$161.5M$22.9M$3.5M

Q3 2025————

Q1 2025$49.7M$86.5M-$36.9M$754.0k

Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$1.61B

Net cash$376.8M

Current ratio1.3

Debt/Equity0.1

ROA1.4%

ROE7.9%

Cash conversion3.1%

CapEx/Revenue11.1%

SBC/Revenue0.1%

Asset intensity0.7

Dilution ratio0.2%

Risk assessment

Dilution riskMedium

Liquidity riskHigh

Filings reference going-concern or substantial-doubt language.
Source documents mention dilution or offering risk.

Industry benchmarks

Activity: Electric Utilities · cohort 13 companies

MetricHEActivity

Op margin7.6%4.2% medp25 4.2% · p75 18.6%above median

Net margin4.1%2.1% medp25 2.1% · p75 12.9%above median

Gross margin—30.7% medp25 18.4% · p75 46.7%

R&D / revenue—6.8% medp25 6.8% · p75 7.5%

CapEx / revenue11.1%30.7% medp25 11.1% · p75 43.1%bottom quartile

Debt / equity8.0%159.3% medp25 130.9% · p75 178.2%bottom quartile

Observations

IR observations

market data ESG controversies score36.2

market data ESG governance pillar85.3

market data ESG social pillar26.1

market data insider trading score5.0

Competitor context

DUKDuke EnergyUSPeer

Derived from classification anchor Electric Utilities.

Electric Utilities, Utilities

NEENextEra EnergyUSPeer

Derived from classification anchor Electric Utilities.

Electric Utilities, Utilities

SOSouthern CompanyUSPeer

Derived from classification anchor Electric Utilities.

Electric Utilities, Utilities

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

SEC filingstype companyfacts · CIK 0000354707 · 658 us-gaap concepts

data.sec.gov/CIK0000354707.json

2026-05-01 15:55 UTC#873ce8d7

Source: analysis-pipeline (hybrid)Generated: 2026-05-01 15:56 UTCJob: 853f8b8c