HAWAIIAN ELECTRIC INDUSTRIES INC
HE · Electric Services · 172.6M shares · +0%/yr ↑ dilution · EDGAR filings ↗
Grade
D48Hawaiian Electric is a distressed utility with a loss/charge year and weak returns, overshadowed by Maui wildfire liability overhang.
Strengths
- Adequate near-term liquidity (current ratio 1.32, 77th pct) and positive free cash flow (80th pct)
- Regulated franchise with monopoly service territory
Risks
- Net income growth -109% (13th pct), net margin 4% (20th pct), operating margin 7.6% (16th pct) — earnings collapse
- ROE 7.9% (37th pct), ROA 1.4% (28th pct), revenue down 4% with elevated leverage (1.42x)
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
7.6%
Net margin
4.1%
Return on equity
7.9%
Return on assets
1.4%
ROIC
4.8%
Revenue growth (QoQ)
-7.4%
Debt / equity
1.4×
Net debt / EBITDA
3.3×
Current ratio
1.3×
Free cash flow
$50M
EBITDA
$534M
Tangible book value
$1.6B
Cash & investments
$502M
Stock comp / revenue
0.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-02-20 | Murao Kurt K. | Tax withheld | 528 | $15.86 |
| 2026-02-20 | SEU SCOTT W.H. | Tax withheld | 1.6K | $15.86 |
| 2026-02-20 | KIMURA SHELEE M.T. | Tax withheld | 1.3K | $15.86 |
| 2025-08-13 | FOWLER PEGGY Y | Gift | 12K | — |
| 2025-08-13 | FOWLER PEGGY Y | Gift | 12K | — |
| 2025-06-30 | Connors Celeste Anne | Grant | 12K | — |
| 2025-06-30 | KANE MICAH A. | Grant | 12K | — |
| 2025-06-30 | Flores Elisia | Grant | 12K | — |
| 2025-06-30 | FARGO THOMAS B | Grant | 12K | — |
| 2025-06-30 | FOWLER PEGGY Y | Grant | 12K | — |
| 2025-06-30 | SCILACCI W JAMES | Grant | 12K | — |
| 2025-02-21 | KIMURA SHELEE M.T. | Tax withheld | 2.8K | $10.76 |
| 2025-02-21 | SEU SCOTT W.H. | Tax withheld | 4.4K | $10.76 |
| 2025-02-21 | Murao Kurt K. | Tax withheld | 1.0K | $10.76 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-15 | 2026-06-11 | 0000354707-26-000041 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0000354707-26-000037 ↗ |
| 8-K | 2026-05-08 | 2026-05-08 | 0000354707-26-000035 ↗ |
| 8-K | 2026-04-10 | 2026-04-10 | 0000354707-26-000026 ↗ |
| 8-K | 2026-04-10 | 2026-04-06 | 0000354707-26-000029 ↗ |
| 8-K | 2026-03-27 | 2026-03-27 | 0000354707-26-000017 ↗ |
| 8-K | 2026-03-16 | 2026-03-16 | 0000354707-26-000012 ↗ |
| 8-K | 2026-03-02 | 2026-03-02 | 0001104659-26-021897 ↗ |
| 8-K | 2026-02-27 | 2026-02-27 | 0000354707-26-000007 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0000354707-26-000008 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0000354707-25-000063 ↗ |
| 8-K | 2025-11-07 | 2025-11-07 | 0000354707-25-000062 ↗ |