Hawaiian Electric Industries, Inc. (HE) Stock Analysis

Company Overview

The market values Hawaiian Electric Industries, Inc. (HE) at $1.92B. The company sits in the Utilities sector, in the Utilities - Regulated Electric industry. Headcount on file is 2,659.

HE last closed at $11.09 on September 4, 2026. The close was unchanged from the previous session. Over the past 52 weeks the price has ranged from $10.79 to $17.38. The latest close sits 2.78% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $3.09B. That is −4.13% against the prior fiscal year, when revenue was $3.22B. Net income for the same year was $126.28M. Profit margin runs at 6.82%. That is 6.6 percentage points below the Utilities - Regulated Electric median of 13.4%. Earnings per share on a trailing basis come to 1.29.

Across the 4 fiscal years on file, revenue moves from $3.42B in 2022 to $3.09B in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 8.6 times earnings. That is 58.17% below the Utilities - Regulated Electric median of 20.56. The forward P/E on file is 10.32. The PEG ratio, which sets the P/E against expected earnings growth, reads 6.66. Measured against sales, the shares trade at 0.58 times revenue. On price-to-sales that is 0.2 times the Utilities - Regulated Electric median of 2.72. The medians here are taken across 47 Utilities - Regulated Electric companies that report the metric.

Over the trailing twelve months the price has returned −10.35%. Across 10 years the annualized return works out at −7.08%. The reported beta is 0.49. Annualized volatility over the trailing 10 years is 41.79%.

Growth & Income

The record shows no dividend for HE.

Across the complete calendar years on file, 2019 returned +31.91% and 2023 returned −64.58%. Of the 9 complete calendar years on file, 6 finished higher. 2026 is still running; the price is −9.84% year to date.