HE

Hawaiian Electric Industries Inc Utilities Electric Services Russell 3000
$8.70Close $1.5BMarket cap $8.21 – $17.0852-week range Nov 6, 2026Next report · after the close

Highlights

Strengths

  • Earnings growing EPS +362% year on year, faster than the quarter before (+351 pts)

Cautions

  • Not in an uptrend 0 of 8 trend conditions
  • Lagging the market RS 6 · weaker than 94% of stocks over 12 months
  • Far from its high 49% below its 52-week high
  • Distribution down-day volume 1.7× up-day volume over 50 sessions
  • Results soon Nov 6, 2026, in 5 days
  • Financial distress Altman Z″ in the distress zone

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Aug 7, 2026
Off 12-month high 49%
1wk up 3.4% price change
1mo down 2.7% price change
12-month return down 25% market up 11% · its own down 36%
F-score — — Not assessed
Altman Z″ 0.50 Elevated risk
P/E 12.2× price / earnings
PEG — P/E / EPS growth
P/B 0.9× price / book
Earnings yield up 7.2% EBIT / enterprise value
Cheaper than 76% of the market · cheap
Revenue growth down 4% year on year
EPS growth up 362% latest quarter · +351 pts
Sales growth up 26% latest quarter · +26 pts
ROE up 8% return on equity
Free cash margin up 2% $49.9M FCF
D/E 1.42 long-term debt / equity
Net debt / EBITDA 3.3×
Interest cover —EBIT / interest
Piotroski tests

Repair signals

  • Long-term debt down 15% ($2.7B → $2.3B)

Trade setup

ATR% 3.1% $0.27 a day · 2×ATR $8.16
RS 6 / 99 vs the universe
Trend 0 / 8 trend template
Relative volume 0.9× vs 50-day average
Up/down volume 0.60 50 sessions
Implied move — no option chain · report Nov 6, 2026
Trend template · 0 of 8

Screen verdict

Did not qualify for any screen.

Warning signs

2 flagged
  • Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
  • Revenue shrinking Revenue fell 4.1% over the year, from $3.2B to $3.1B.
Last reported Aug 7, 2026
Results reaction Aug 7, 2026-7% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $3.1B -4% on FY2024
$0 $5B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $2.6B FY2021 · $2.9B FY2022 · $3.4B FY2023 · $3.3B FY2024 · $3.2B FY2025 · $3.1B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $123.1M back to a profit
-$2B $0 FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $199.7M FY2021 · $246.2M FY2022 · $241.1M FY2023 · $199.2M FY2024 · -$1.4B FY2025 · $123.1M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $49.9M -65% on FY2024
$0 $200M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $45.5M FY2021 · $61.1M FY2022 · $115.1M FY2023 · $108.7M FY2024 · $143.2M FY2025 · $49.9M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Net 4%
  • Free cash 2%
-50% 0% 10% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Net 8% · Free cash 2% FY2021 · Net 9% · Free cash 2% FY2022 · Net 7% · Free cash 3% FY2023 · Net 6% · Free cash 3% FY2024 · Net -44% · Free cash 4% FY2025 · Net 4% · Free cash 2%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $1.8B net debt
  • Cash
  • Long-term debt
$0 $5B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $341.4M · Long-term debt $2.1B FY2021 · Cash $305.6M · Long-term debt $2.3B FY2022 · Cash $43.7M · Long-term debt $2.4B FY2023 · Cash $244.1M · Long-term debt $2.8B FY2024 · Cash $750.5M · Long-term debt $2.7B FY2025 · Cash $501.8M · Long-term debt $2.3B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 172.62m +58.1% since FY2020
172.62m 109.18m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 109.18m FY2021 · 109.31m FY2022 · 109.47m FY2023 · 110.15m FY2024 · 172.47m FY2025 · 172.62m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $2.6B $2.9B $3.4B $3.3B $3.2B $3.1B
Operating income $311.5M $386.1M $279.6M $275.0M -$1.7B $235.3M
Net income $199.7M $246.2M $241.1M $199.2M -$1.4B $123.1M
Net margin 8% 9% 7% 6% -44% 4%
Earnings per share $1.83 $2.25 $2.20 $1.81 -$11.23 $0.71
Free cash flow $45.5M $61.1M $115.1M $108.7M $143.2M $49.9M
Free cash margin 2% 2% 3% 3% 4% 2%
Cash $341.4M $305.6M $43.7M $244.1M $750.5M $501.8M
Long-term debt $2.1B $2.3B $2.4B $2.8B $2.7B $2.3B
Shareholders' equity $2.3B $2.4B $2.2B $2.3B $1.5B $1.6B
Shares outstanding 109.18m 109.31m 109.47m 110.15m 172.47m 172.62m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 7, 2026 Quarterly ↗ Jun 30, 2026 38d
May 8, 2026 Quarterly ↗ Mar 31, 2026 38d
Feb 27, 2026 Annual ↗ Dec 31, 2025 58d
Nov 7, 2025 Quarterly ↗ Sep 30, 2025 38d
Aug 7, 2025 Quarterly ↗ Jun 30, 2025 38d
May 9, 2025 Quarterly ↗ Mar 31, 2025 39d
Feb 24, 2025 Annual ↗ Dec 31, 2024 55d
Nov 8, 2024 Quarterly ↗ Sep 30, 2024 39d
Aug 9, 2024 Quarterly ↗ Jun 30, 2024 40d
May 10, 2024 Quarterly ↗ Mar 31, 2024 40d
Feb 29, 2024 Annual ↗ Dec 31, 2023 60d
Nov 13, 2023 Quarterly ↗ Sep 30, 2023 44d

Current reports

FiledDisclosed
Sep 21, 2026 Other events ↗
Sep 8, 2026 Regulation FD ↗
Aug 7, 2026 Results ↗
Jul 31, 2026 Material agreement ↗
Jun 15, 2026 Shareholder vote ↗
May 8, 2026 Results ↗
Apr 10, 2026 Director or officer change ↗
Apr 10, 2026 Other events ↗
Mar 27, 2026 Regulation FD ↗
Mar 16, 2026 Other events ↗
Mar 2, 2026 Other events ↗
Feb 27, 2026 Results ↗