Hawaiian Electric Industries, Inc. revenue by segment HE

Annual Quarterly

Hawaiian Electric Industries, Inc. splits its revenue 2 ways in its filings. By operating segments, the largest line in fiscal 2025, which ended Dec 31, 2025 was Electric Utility at $3.1 billion, 100% of the total. By sales mix, the largest line in fiscal 2025, which ended Dec 31, 2025 was Electric Energy Sales Large Light And Power at $1.1 billion, 35% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line	FY 2026 Jun 30, 2026	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	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	3,237	3,075	3,180	3,249	3,421	2,850	2,580	2,874	2,861	2,556	2,381
Operating segments
Electric Utility	3,271 +5.3% share 101.1%	3,071 -4.2% share 99.9%	3,207 -1.9% share 100.8%	3,270 -4.1% share 100.6%	3,409 +34.2% share 99.6%	2,540 +12.1% share 89.1%	2,265 -11.0% share 87.8%	2,546 -0.0% share 88.6%	2,547 +12.8% share 89.0%	2,258 share 88.3%	—
All Other Segments	11 -30.1% share 0.4%	16 +19.5% share 0.5%	13 -26.9% share 0.4%	18 +45.8% share 0.6%	12 +183.8% share 0.4%	4 +360.3% share 0.2%	1 +960.7% share 0.0%	0 +81.6% share 0.0%	0 -88.3% share 0.0%	0 share 0.0%	—
Sales mix
Electric Energy Sales Large Light And Power	1,153 +5.4% share 35.6%	1,080 -3.9% share 35.1%	1,124 -1.5% share 35.3%	1,141 -6.6% share 35.1%	1,222 share 35.7%	—	—	905 +1.2% share 31.5%	895 share 31.3%	—	—
Electric Energy Sales Residential	1,044 +4.4% share 32.2%	992 -2.0% share 32.3%	1,013 -1.3% share 31.8%	1,026 -4.8% share 31.6%	1,078 +29.8% share 31.5%	831 +8.4% share 29.1%	767 -5.1% share 29.7%	808 +0.7% share 28.1%	802 share 28.0%	—	—
Electric Energy Sales Commercial	1,010 +1.7% share 31.2%	972 -4.1% share 31.6%	1,013 share 31.9%	—	1,087 +37.4% share 31.8%	791 +12.5% share 27.8%	704 -16.9% share 27.3%	846 -0.9% share 29.4%	854 share 29.8%	—	—
Electric Energy Sales Other	19 +7.4% share 0.6%	18 -3.8% share 0.6%	19 -4.1% share 0.6%	19 +14.1% share 0.6%	17 +58.4% share 0.5%	11 +33.7% share 0.4%	8 -50.6% share 0.3%	16 -5.5% share 0.6%	17 share 0.6%	—	—
Other Sales	11 -18.9% share 0.3%	14 +14.6% share 0.4%	12 -32.0% share 0.4%	18 +48.6% share 0.5%	12 share 0.3%	—	—	—	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

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

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.