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HAWAIIAN ELECTRIC INDUSTRIES INC

$12.42 ▼ -0.08 (-0.64%) at close

18 Visible periods

34 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Weak

Bearish

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Analytical Summary

HAWAIIAN ELECTRIC INDUSTRIES INC faces fundamental challenges with weakness in Debt to Equity. The fundamentals warrant careful consideration of downside risks.

Market Cap $2.1B

Dividend Yield —

Revenue Growth -4.1% ↗

Op. Margin 7.6% ↗

ROIC 4.6% ↗

FCF / Share None

Trailing P/E 17.5x

Price / Book 1.3x

FCF Yield —

Debt / Equity 1.42

info Valuation on last close. End-of-day price, Aug 7, 2026.

18-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$3.09B

↓ -4.1% —

Net Income Profit after all expenses

$126.28M

↑ +108.9% —

Operating Margin Operating profit as % of sales

7.6%

↑ +114.4% 50th

Long-Term Debt Long-term obligations

$2.29B

↓ -15.1% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Profitability ↓

Returns ↓

Financial Health ↑

Dividend History

Dividend / share · sourced from SEC filings

$1.08 Latest / share

-22.9% YoY

-1.5% 10-yr CAGR

$1.24

FY 2014

$1.24

FY 2015

$1.24

FY 2016

$1.24

FY 2017

$1.24

FY 2018

$1.28

FY 2019

$1.32

FY 2020

$1.36

FY 2021

$1.40

FY 2022

$1.08

FY 2023

FY 2024

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue Growth YoY (%)	-4.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-238%)	-12.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-519%)	-1.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-153%)	31.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+943%)	10.5% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+250%)	-10.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-441%)	0.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-85%)	11.9% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+298%)	7.3% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+145%)	-8.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-385%)	-19.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-755%)	0.0% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-99%)	-4.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-235%)	4.1% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+36%)	21.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+622%)	15.4% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+413%)	-28.2% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1042%)	—
EPS Growth YoY (%)	N/M	N/M	-17.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-2.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	24.3% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	-9.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	8.1% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	21.7% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	-33.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	53.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-9.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	1.2% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	14.0% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	-1.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	18.9% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	34.1% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-15.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—
Net Income Growth YoY (%)	N/M	N/M	-17.2% Weak ↓ Weak Declining Year-over-year change in net income	-2.0% Weak ↓ Weak Declining Year-over-year change in net income	24.2% Good ↑ Good Improving Year-over-year change in net income	-9.1% Weak ↓ Weak Declining Year-over-year change in net income	7.9% Fair ↓ Fair Declining Year-over-year change in net income	21.8% Good ↑ Good Improving Year-over-year change in net income	-33.2% Weak ↓ Weak Declining Year-over-year change in net income	54.6% Excellent ↑ Excellent Improving Year-over-year change in net income	-4.9% Weak ↓ Weak Declining Year-over-year change in net income	4.0% Caution ↓ Caution Declining Year-over-year change in net income	16.3% Good ↓ Good Declining Year-over-year change in net income	0.3% Caution ↓ Caution Declining Year-over-year change in net income	21.4% Good ↑ Good Improving Year-over-year change in net income	39.0% Excellent Excellent Year-over-year change in net income	-8.0% Weak Weak Year-over-year change in net income	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	-6.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	4.1% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	12.6% Good ↑ Good Improving Compound annual revenue growth over 3 years	9.2% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	-0.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	0.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	6.5% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	3.2% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-7.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-9.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-8.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-0.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	6.7% Fair → Fair Stable Compound annual revenue growth over 3 years	13.5% Good Good Compound annual revenue growth over 3 years	0.2% Weak Weak Compound annual revenue growth over 3 years	—	—	—
Revenue CAGR 5Y (%)	3.7% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	2.3% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	5.2% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	7.9% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	3.7% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	-0.2% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-2.4% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-2.4% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-5.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-6.0% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-0.5% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	7.0% Fair Fair Compound annual revenue growth over 5 years	0.1% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—
EPS CAGR 3Y (%)	-31.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	0.2% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	3.2% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	6.7% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	6.0% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	-4.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	7.2% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	-2.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	12.2% Good ↑ Good Improving Compound annual EPS growth over 3 years	1.6% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	4.4% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	10.1% Good ↓ Good Declining Compound annual EPS growth over 3 years	16.3% Excellent Excellent Compound annual EPS growth over 3 years	10.7% Good Good Compound annual EPS growth over 3 years	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Operating Margin (%) (%)	7.6% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-62%)	-53.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-365%)	9.6% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-52%)	10.2% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	13.5% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-32%)	12.1% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	12.1% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-39%)	11.7% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	13.5% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-32%)	14.6% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-27%)	12.4% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-38%)	10.3% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	9.7% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	8.4% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-58%)	8.9% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-55%)	9.6% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-52%)	8.1% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	6.3% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-68%)
Effective Tax Rate (%) (%)	24.4% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	26.3% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.1% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.1% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.2% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	17.0% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	19.0% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.0% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	39.6% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	33.1% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.5% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.0% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	34.0% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	35.4% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
Profit Margin (%) (%)	4.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-66%)	-44.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-469%)	5.5% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-54%)	6.5% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-46%)	8.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-27%)	7.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	7.6% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-36%)	7.1% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-41%)	6.5% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-45%)	10.5% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-12%)	6.2% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-48%)	5.2% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-56%)	5.0% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-58%)	4.2% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	4.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-64%)	4.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-64%)	3.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-70%)	2.8% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-77%)
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Return on Invested Capital (%)	4.6% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	-30.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	5.6% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.6% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	6.5% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	5.8% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.6% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	6.6% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	5.5% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.3% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	5.8% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.5% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.5% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.1% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	8.0% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	7.1% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	10.9% Good Good Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	2.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-19.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.3% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	2.4% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	2.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.8% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	2.8% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	2.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.0% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	3.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	3.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.8% Weak Weak Operating profit relative to total assets Optimal: > 10%	2.1% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	7.9% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-21%)	-96.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1063%)	8.6% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-14%)	11.0% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+10%)	10.4% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	8.5% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-15%)	9.6% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	9.4% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-6%)	8.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-20%)	12.1% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+21%)	8.4% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-16%)	9.5% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-5%)	9.5% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-5%)	8.8% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-12%)	9.2% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-8%)	7.8% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-22%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Debt to Equity (x)	1.42x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+9%)	1.85x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+42%)	1.21x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-7%)	1.08x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-17%)	0.97x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-25%)	0.91x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-30%)	0.86x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-34%)	0.87x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-33%)	0.80x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-38%)	0.78x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-40%)	0.82x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-37%)	0.84x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-35%)	0.86x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-34%)	0.89x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-31%)	0.88x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-33%)	0.92x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-29%)	—	—
Interest Coverage (x)	—	—	1.69x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	3.27x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	3.88x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.12x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	3.18x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	3.20x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	3.80x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	3.93x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.65x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	3.82x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.69x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.18x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.00x Caution Caution Operating income divided by interest expense Optimal: > 5x	2.51x Caution Caution Operating income divided by interest expense Optimal: > 5x	—	—
Net Debt (USD)	$1.78B	$1.99B	$2.16B	$2.19B	$2.02B	$1.78B	$1.77B	$1.71B	$1.68B	$1.62B	$1.58B	$1.51B	$1.49B	$1.42B	$1.34B	$1.36B	$1.36B	—
Debt / EBITDA (x)	4.28x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-1.94x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.28x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.53x Caution → Caution Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.49x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.52x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.14x Caution → Caution Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.19x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.96x Fair → Fair Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.93x Fair → Fair Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.05x Caution → Caution Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.92x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.11x Caution → Caution Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.22x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.93x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.29x Caution Caution Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.03x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue per Share (USD)	$17.89	$25.37	$33.55	$34.19	$26.08	$23.64	$26.38	$26.28	$23.50	$22.02	$24.46	$31.77	$32.72	$34.83	$33.95	$28.53	$25.27	$38.03
Basic EPS, GAAP (USD)	$0.71	$-11.23	$1.82	$2.20	$2.25	$1.81	$2.00	$1.85	$1.52	$2.30	$1.50	$1.65	$1.63	$1.43	$1.45	$1.22	$0.91	$1.07
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend per Share (USD)	—	—	$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
Book Value per Share (USD)	$9.30	$8.58	$21.29	$20.12	$21.87	$21.41	$20.92	$19.86	$19.28	$19.03	$17.94	$17.46	$17.06	$16.28	$15.92	$15.67	—	—
Tangible Book Value per Share (USD)	$9.30	$8.58	$20.54	$19.37	$21.12	$20.66	$20.17	$19.10	$18.52	$18.28	$17.17	$16.66	$16.24	$15.44	$15.06	$14.80	—	—
Basic Weighted Avg Shares (shares)	172.55M	126.93M	109.74M	109.43M	109.28M	109.14M	108.95M	108.86M	108.75M	108.10M	106.42M	101.97M	98.97M	96.91M	95.51M	93.42M	91.40M	84.63M
Dividend Payout Ratio (%)	—	—	59.3% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	63.6% Fair → Fair Stable Dividends paid as a percentage of earnings Optimal: 30-60%	60.4% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	72.9% Caution → Caution Stable Dividends paid as a percentage of earnings Optimal: 30-60%	64.0% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	67.0% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	81.6% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	53.9% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	82.7% Caution → Caution Stable Dividends paid as a percentage of earnings Optimal: 30-60%	75.2% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	76.1% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	86.7% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	85.5% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	101.6% Weak ↓ Weak Declining Dividends paid as a percentage of earnings Optimal: 30-60%	136.3% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	115.9% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Working Capital (USD)	$456.84M	$809.74M	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
LT Debt (USD)	$2.29B	$2.69B	$2.84B	$2.38B	$2.32B	$2.12B	$1.96B	$1.88B	$1.68B	$1.62B	$1.58B	$1.51B	$1.49B	$1.42B	$1.34B	$1.36B	$1.36B	—
Total Equity (USD)	$1.61B	$1.48B	$2.34B	$2.20B	$2.39B	$2.34B	$2.28B	$2.16B	$2.10B	$2.07B	$1.93B	$1.79B	$1.73B	$1.59B	$1.53B	$1.48B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$3.09B	$3.22B	$3.68B	$3.74B	$2.85B	$2.58B	$2.87B	$2.86B	$2.56B	$2.38B	$2.60B	$3.24B	$3.24B	$3.37B	$3.24B	$2.66B	$2.31B	$3.22B
Depreciation Expense (USD)	$298.92M	$293.53M	$310.80M	$294.84M	$278.70M	$290.78M	$278.11M	$255.63M	$222.00M	$204.75M	$195.59M	$183.04M	$164.73M	$158.35M	$167.47M	$159.13M	$151.28M	$150.98M
Net Income, GAAP (USD)	$126.28M	$-1.42B	$201.13M	$243.03M	$248.06M	$199.71M	$219.77M	$203.66M	$167.19M	$250.15M	$161.77M	$170.02M	$163.41M	$140.55M	$140.12M	$115.42M	$83.01M	$90.28M
Operating Cash Flow (USD)	$391.07M	$487.48M	$551.47M	$454.48M	$375.67M	$429.41M	$512.47M	$499.31M	$420.44M	$495.66M	—	—	—	—	—	—	$284.47M	$259.81M

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 18 years · 69 quarters

HAWAIIAN ELECTRIC INDUSTRIES INC

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18-Year Financial Trajectory

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