
Hawaiian Electric Industries Income Statement 2025-2007 | HE
Brief overview of income trends at Hawaiian Electric Industries
The figures are compared over a five-year interval. Revenue at Hawaiian Electric Industries moved from $2.6 billion in 2020 to $3.1 billion in 2025. Across the full period, sales moved by +19.7%; the average annual rate was 3.7%. Revenue was effectively stagnant over the period.
Over the period, EBITDA shifted from $602 million to $534 million, a change of −11.3%. Operating performance weakened relative to revenue. At the operating-margin level, the figure shifted from 23.3% to 17.3%. Operating return per unit of revenue declined.
The net result moved from 200 million dollars to 123 million dollars, or −38.4%. The final result developed less favorably than the core business.
The five-year change in capitalization reached −46%: from 3.4 billion dollars to 1.9 billion dollars. Lower capitalization reflects weaker investor expectations.
Overall conclusion
Signs of deterioration dominate the five-year picture. The overall view is constrained by a weaker market valuation, lower net income and limited revenue growth. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.
Annual Income Statement Hawaiian Electric Industries
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
1.85 B | 1.39 B | 1.34 B | 4.43 B | 4.56 B | 3.43 B | 5.38 B | 3.98 B | 3.69 B | 3.56 B | 3.18 B | 3.5 B | 2.59 B | 2.59 B | 2.46 B | 2.03 B | 1.64 B | 2.25 B | - |
Shares |
173 M | 127 M | 110 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 108 M | 106 M | 102 M | 99 M | 96.9 M | 95.5 M | 93.4 M | 91.4 M | 84.6 M | - |
Historical Prices |
10.7 | 11 | 12.2 | 40.5 | 41.8 | 31.4 | 45 | 33.2 | 29.4 | 27.7 | 23.8 | 26.2 | 18.9 | 18.7 | 17.1 | 21.7 | 17.9 | 26.5 | 24.4 |
Net Income |
123 M | -1.43 B | 199 M | 241 M | 248 M | 200 M | 220 M | 204 M | 167 M | 250 M | 162 M | 170 M | 163 M | 141 M | 140 M | 114 M | 83 M | 90.3 M | - |
Revenue |
3.09 B | 3.22 B | 3.29 B | 3.42 B | 2.85 B | 2.58 B | 2.87 B | 2.86 B | 2.56 B | 2.38 B | 2.6 B | 3.24 B | 3.24 B | 3.37 B | 3.24 B | 2.66 B | 2.31 B | 3.22 B | - |
Gross Profit |
- | - | - | - | - | - | 349 M | 333 M | 338 M | 348 M | 323 M | 329 M | 315 M | 284 M | 290 M | - | - | - | - |
Operating Income |
235 M | -1.71 B | 275 M | 280 M | 386 M | 311 M | 348 M | 333 M | 346 M | 356 M | 323 M | 333 M | 318 M | 284 M | 290 M | 256 M | 188 M | 204 M | - |
Interest Expense |
- | - | 208 M | 117 M | 99.4 M | 99.8 M | 109 M | 104 M | 91.1 M | 88.6 M | 88.5 M | 87.2 M | 85.6 M | 89.4 M | 96.6 M | 102 M | 120 M | - | - |
EBITDA |
534 M | -1.41 B | 557 M | 550 M | 665 M | 602 M | 627 M | 589 M | 560 M | 553 M | 518 M | 510 M | 480 M | 443 M | 457 M | 415 M | 344 M | 355 M | - |
Operating Expenses |
- | - | - | - | - | - | 2.53 B | 2.53 B | 2.21 B | 2.02 B | 2.28 B | 2.91 B | 2.92 B | 3.09 B | 2.95 B | - | - | - | - |
All numbers in USD currency
Quarterly Income Statement Hawaiian Electric Industries
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
173 M | 173 M | 173 M | 172 M | 172 M | 172 M | 114 M | 110 M | 110 M | 110 M | 110 M | 110 M | 110 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 109 M | 108 M | 108 M | 108 M | 107 M | 107 M | 107 M | 103 M | 103 M | 102 M | 101 M | 101 M | 101 M | 99.2 M | 98.7 M | 98.1 M | 97.9 M | 97.2 M | 96.7 M | 96.2 M | 96 M | 95.9 M | 95.4 M | 94.8 M | 93.7 M | 93.2 M |
Net Income |
154 M | 30.4 M | 30.7 M | 26.1 M | 27.1 M | - | -104 M | -1.3 B | 42.6 M | - | 41.6 M | 55.1 M | 54.7 M | - | 62.6 M | 53 M | 69.2 M | - | 63.9 M | 63.9 M | 64.4 M | 51 M | 65.5 M | 49.4 M | 33.9 M | 66.7 M | 63.9 M | 43 M | 46.2 M | 50 M | 66.4 M | 46.5 M | 40.7 M | 32.8 M | 60.5 M | 39.1 M | 34.7 M | 45.1 M | 128 M | 44.6 M | 32.8 M | 42.8 M | 51.1 M | 35.5 M | 32.3 M | 33.7 M | 48.3 M | 41.8 M | 46.3 M | 39.5 M | 48.7 M | 41.1 M | 34.2 M | 14.3 M | 48.2 M | 39.3 M | 38.8 M | 34.2 M | 48.9 M | 27.1 M | 28.5 M | 32.4 M | 29.3 M |
Revenue |
940 M | 746 M | 791 M | 746 M | 744 M | - | 833 M | 795 M | 792 M | - | 902 M | 896 M | 928 M | - | 1.04 B | 896 M | 785 M | - | 757 M | 680 M | 643 M | 652 M | 641 M | 609 M | 677 M | 726 M | 771 M | 715 M | 662 M | 762 M | 768 M | 685 M | 646 M | 659 M | 673 M | 632 M | 592 M | 617 M | 646 M | 566 M | 551 M | 624 M | 717 M | 624 M | 638 M | 790 M | 867 M | 799 M | 784 M | 833 M | 829 M | 795 M | 782 M | 838 M | 868 M | 854 M | 815 M | 851 M | 886 M | 794 M | 711 M | 695 M | 656 M |
Operating Income |
204 M | 53.4 M | 52 M | 53.7 M | 62.4 M | - | -150 M | -1.66 B | 50.9 M | - | 75.1 M | 93 M | 93.5 M | - | 102 M | 86.7 M | 99.3 M | - | 97.3 M | 102 M | 98 M | 80.7 M | 99.6 M | 71.6 M | 59.7 M | 101 M | 96.7 M | 72.6 M | 77.9 M | 84.6 M | 98.1 M | 78.8 M | 71.9 M | 87.2 M | 111 M | 77.8 M | 69.7 M | 88.4 M | 105 M | 85.5 M | 68.9 M | 83.2 M | 97.1 M | 72.7 M | 69.5 M | 68.2 M | 92 M | 83.2 M | 89.2 M | 78.3 M | 88 M | 80.2 M | 68.8 M | 37.3 M | 91.7 M | 79.4 M | 75.8 M | 68.2 M | 94.5 M | 63.7 M | 63.4 M | 72.6 M | 63.6 M |
EBITDA |
280 M | 129 M | 126 M | 130 M | 128 M | - | -76.4 M | -1.59 B | 117 M | - | - | - | 160 M | - | 292 M | 213 M | 162 M | - | 282 M | 225 M | 159 M | 80.7 M | 278 M | 191 M | 119 M | 101 M | 269 M | 187 M | 135 M | 84.6 M | 258 M | 185 M | 125 M | 87.2 M | 262 M | 178 M | 120 M | 88.4 M | 251 M | 183 M | 117 M | 83.2 M | 235 M | 164 M | 115 M | 68.2 M | 222 M | 170 M | 132 M | 78.3 M | 208 M | 160 M | 109 M | 37.3 M | 205 M | 155 M | 114 M | 68.2 M | 206 M | 139 M | 101 M | 190 M | 143 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Hawaiian Electric Industries (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.