FY2025 · ended Dec 31, 2025 · Revenue $3.08B, -3.3% YoY · Filed Feb 27, 2026
Hawaiian Electric Industries, Inc. (HE) files with the SEC under industry code 4911, Electric Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $3.1 billion and net income of $126.3 million. Free cash flow was $49.9 million. As of Jun 30, 2026 it held $238.7 million in cash and investments and $2.8 billion in total debt.
Revenue (TTM)
$3.24B
+3.8% vs year-ago TTM
Net income (TTM)
$226.23M
+291.7% vs year-ago TTM
Operating cash flow (TTM)
$-143.71M
-130.0% vs year-ago TTM
Free cash flow (TTM)
$-565.51M
-472.9% vs year-ago TTM
EPS (TTM)
$1.29
+270.3% vs year-ago TTM
Dividend per share
$1.08
-22.9% vs prior year
Shares outstanding
172.62M
+0.1% vs prior year
Net cash
$-2.56B
as of Jun 30, 2026
Operating margin
11.6%
FY 2026
Company profile
- Industry
- Electric Services (SIC 4911)
- Listed as
- HE (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- HI
- Headquarters
- Honolulu, HI
- SEC filer status
- Large accelerated filer
- SEC CIK
- 354707
Other Electric Services companies
- Nextera Energy Inc NEE
- Southern Co SO
- Constellation Energy Corp CEG
- American Electric Power Co Inc AEP
- Dominion Energy, Inc D
- Entergy Corp /DE/ ETR
- Vistra Corp. VST
- Fortis Inc. FTS
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.2B | $3.2B | $3.4B | $2.9B |
| Operating income | $235.3M | -$1.7B | $275.0M | $279.6M | $386.1M |
| Net income | $126.3M | -$1.4B | $201.1M | $243.0M | — |
| Diluted EPS | $0.71 | -$11.23 | $1.81 | $2.20 | $2.25 |
| Operating cash flow | $391.1M | $487.5M | $551.5M | $454.5M | $375.7M |
| Free cash flow | $49.9M | $143.2M | $108.7M | $115.1M | $61.1M |
| Total assets | $8.9B | $8.9B | $7.7B | $16.3B | $15.8B |
| Total liabilities | $7.3B | $7.4B | $14.9B | $14.0B | $13.4B |
| Stockholders' equity | $1.6B | $1.5B | $2.3B | $2.2B | $2.4B |
| Cash and investments | $501.8M | $750.5M | $244.1M | $43.7M | $305.6M |
| Total debt | $2.9B | $3.2B | $3.3B | $2.6B | $2.5B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Other events
|
Sep 21, 2026 | Sep 16, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Sep 8, 2026 | Sep 8, 2026 |
| 10-Q | Quarterly report | Aug 7, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 7, 2026 | Aug 7, 2026 |
| 8-K |
Current report
Material agreement
|
Jul 31, 2026 | Jul 27, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Jun 15, 2026 | Jun 11, 2026 |
All 1000 Hawaiian Electric Industries, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.