Read from its own SEC filings · nothing written, nothing inferred

Hawaiian Electric Industries $HE

🫧 Edgar looked up HAWAIIAN ELECTRIC INDUSTRIES, INC. ($HE). Last filing: 8-K (7.01 Regulation FD Disclosure), 2026-09-08. 12 event filings (8-K) in the past twelve months.

🔖 Exposure: revenue $3.1B (FY2025), total debt $2.3B. Experience: revenue down 4.1% on the year, up 2.0% a year over 4 years; operating margin 7.6%, up from -53.0%. Soundness: equity 18.0% of assets, return on equity 7.9%, payout 0.0% of profit, the dividend per share fell in the latest year on record. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.4B and $3.5B next year (method v3, set from 4,599 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (40 filers, $50M+ revenue, electric services): operating margin 7.6% against a 20.3% median; growth -4.1% against 9.4%.

HAWAIIAN ELECTRIC INDUSTRIES, INC. against its own record and its peers
Operating marginPeer median 20.3%7.6%Revenue, on the yearPeer median 9.4%-4.1%Equity of assetsPeer median 24.5%18.0%Return on equityPeer median 9.4%7.9%Payout of profitPeer median 51.1%0.0%Gold tick: the median of 21–26 peers with $50M+ revenue in electric services
Handed back now, or kept to compound
Of each dollar of profit0.0% paid out100.0% keptHanded back per share$1.08cut in the latest yearGrowth its own profit can fund7.9%retained x return on equityRevenue growth it managed-4.1%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

The figures, as filed

Fiscal year end2025-12-31
Revenue$3.1B
Revenue, on the year−4.1%
Revenue, a year over the record2.0%
Operating margin7.6%
Operating margin, prior year−53.0%
Net margin4.1%
Research and developmentnot filed separately
Free cash flow$50M
Cash$502M
Total debt$2.3B
Equity of assets18.0%
Return on equity7.9%
Payout of profit0.0%
Dividend per share$1.08 · cut in the latest year
Audited years read5

Peers: the median of 40 filers with $50M+ revenue in electric services.

Recent filings

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets, no buy or sell views. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company

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