# Hawaiian Electric Industries Inc: overview

HE · NYSE · CIK 354707 · [Utilities](/sectors/utilities.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/he.md) · [Financials](/companies/he/financials.md) · [Filings](/companies/he/filings.md) · [Insiders](/companies/he/insiders.md)

Latest reported revenue: [$939.7m](/filings/0000354707-26-000054.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 7, 2026 (XBRL us-gaap:Revenues, accession 0000354707-26-000054).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [833](/filings/0000354707-25-000063.md) | [799](/filings/0000354707-25-000013.md) | [744](/filings/0000354707-26-000037.md) | [746](/filings/0000354707-26-000054.md) | [791](/filings/0000354707-25-000063.md) | [806 d](/filings/0000354707-26-000008.md) | [746](/filings/0000354707-26-000037.md) | [940](/filings/0000354707-26-000054.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(18.0%)](/filings/0000354707-25-000063.md) | [6.7%](/filings/0000354707-25-000013.md) | [8.4%](/filings/0000354707-26-000037.md) | [7.2%](/filings/0000354707-26-000054.md) | [6.6%](/filings/0000354707-25-000063.md) | [8.3% d](/filings/0000354707-26-000008.md) | [7.2%](/filings/0000354707-26-000037.md) | [21.7%](/filings/0000354707-26-000054.md) |
| Net margin | % | [(12.5%)](/filings/0000354707-24-000071.md) | [(8.5%)](/filings/0000354707-25-000013.md) | [3.6%](/filings/0000354707-26-000037.md) | [3.5%](/filings/0000354707-26-000054.md) | [3.9%](/filings/0000354707-25-000063.md) | [5.1% d](/filings/0000354707-26-000008.md) | [4.1%](/filings/0000354707-26-000037.md) | [13.1%](/filings/0000354707-26-000054.md) |
| Diluted EPS | $ per share | [(0.91)](/filings/0000354707-25-000063.md) | [(0.40)](/filings/0000354707-25-000013.md) | [0.15](/filings/0000354707-26-000037.md) | [0.15](/filings/0000354707-26-000054.md) | [0.18](/filings/0000354707-25-000063.md) | not reported | [0.18](/filings/0000354707-26-000037.md) | [0.71](/filings/0000354707-26-000054.md) |
| Free cash flow | $m | [79.5 d](/filings/0000354707-25-000063.md) | [49.2 d](/filings/0000354707-26-000008.md) | [(36.9)](/filings/0000354707-26-000037.md) | [59.8 d](/filings/0000354707-26-000054.md) | [6.3 d](/filings/0000354707-25-000063.md) | [20.7 d](/filings/0000354707-26-000008.md) | [(42.5)](/filings/0000354707-26-000037.md) | [(550) d](/filings/0000354707-26-000054.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues; Net income: us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [2,850](/filings/0000354707-24-000012.md) | [3,421](/filings/0000354707-25-000013.md) | [3,288](/filings/0000354707-26-000008.md) | [3,220](/filings/0000354707-26-000008.md) | [3,087](/filings/0000354707-26-000008.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [13.5%](/filings/0000354707-24-000012.md) | [8.2%](/filings/0000354707-25-000013.md) | [8.4%](/filings/0000354707-26-000008.md) | [(53.0%)](/filings/0000354707-26-000008.md) | [7.6%](/filings/0000354707-26-000008.md) |
| Net margin | % | [8.7%](/filings/0000354707-24-000012.md) | [7.1%](/filings/0000354707-25-000013.md) | [6.1%](/filings/0000354707-26-000008.md) | [(44.2%)](/filings/0000354707-26-000008.md) | [4.1%](/filings/0000354707-26-000008.md) |
| Diluted EPS | $ per share | [2.25](/filings/0000354707-24-000012.md) | [2.20](/filings/0000354707-25-000013.md) | [1.81](/filings/0000354707-26-000008.md) | [(11.23)](/filings/0000354707-26-000008.md) | [0.71](/filings/0000354707-26-000008.md) |
| Free cash flow | $m | [61.1](/filings/0000354707-24-000012.md) | [115](/filings/0000354707-25-000013.md) | [109](/filings/0000354707-26-000008.md) | [143](/filings/0000354707-26-000008.md) | [49.9](/filings/0000354707-26-000008.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/he/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $358.3m | 26,483,206 |  | Added +736,104 |
| [HORIZON KINETICS ASSET MANAGEMENT LLC](/funds/1056823.md) | 2026-06-30 | $303.0m | 22,395,397 |  | Added +760,103 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $140.4m | 10,373,982 |  | Added +113,322 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $101.2m | 7,479,058 |  | Added +24,706 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $97.2m | 7,181,312 |  | Added +364,551 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $58.7m | 4,335,526 |  | Added +248,195 |
| [Quantinno Capital Management LP](/funds/1759654.md) | 2026-06-30 | $53.8m | 3,979,937 |  | Added +467,420 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $41.8m | 3,086,280 |  | Reduced −257,332 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $36.0m | 2,662,995 |  | Added +643,695 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $34.8m | 2,574,951 |  | Added +11,243 |

## Recent filings

[All 1,145 filings](/companies/he/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-21 | 17:08 ET | [8-K](/filings/0000354707-26-000066.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0000354707-26-000066 |
| 2026-09-08 | 20:25 ET | [8-K](/filings/0000354707-26-000061.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000354707-26-000061 |
| 2026-08-07 | 16:10 ET | [10-Q](/filings/0000354707-26-000054.md) | Quarterly report, period 2026-06-30 | 0000354707-26-000054 |
| 2026-08-07 | 16:06 ET | [8-K](/filings/0000354707-26-000053.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000354707-26-000053 |
| 2026-07-31 | 16:09 ET | [8-K](/filings/0000354707-26-000044.md) | 1.01 Entry into a material agreement | 0000354707-26-000044 |
| 2026-06-15 | 16:11 ET | [8-K](/filings/0000354707-26-000041.md) | 5.07 Shareholder vote results | 0000354707-26-000041 |
| 2026-05-08 | 16:09 ET | [10-Q](/filings/0000354707-26-000037.md) | Quarterly report, period 2026-03-31 | 0000354707-26-000037 |
| 2026-05-08 | 16:05 ET | [8-K](/filings/0000354707-26-000035.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000354707-26-000035 |
| 2026-04-29 | 13:04 ET | [DEF 14A](/filings/0001104659-26-051288.md) | Proxy statement, period 2026-06-11 | 0001104659-26-051288 |
| 2026-04-10 | 17:06 ET | [8-K](/filings/0000354707-26-000029.md) | 5.02 Departure or appointment of officers or directors | 0000354707-26-000029 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000354707-26-000008.md), filed Feb 27, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/a57601ec-2ccc-422e-bc9a-91790c6979d7)

## About the filer

- CIK: 354707
- Tickers: HE
- Exchange: NYSE
- SIC code: 4911 Electric Services
- State of incorporation: HI
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:22 ET. No prices; not investment advice.