Hawaiian Electric Industries Inc (HE) stock
HENYSEElectric ServicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 6, 2026Score 12/3067% below fair value
$8.62−0.31 (-3.47%)
Close on Nov 12, 2026Market cap $1.49BP/E 6.5Yield –
Hawaiian Electric Industries operating margin
Operating margin is operating income as a percentage of revenue.
Hawaiian Electric Industries's operating margin for the twelve months ending Sep 30, 2026 was 10.5%. For fiscal 2025 it was 7.6%, against -53.0% the year before. The highest annual figure on record is 14.9% in fiscal 2016.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 7.6% | +60.6 |
| FY2024 | Dec 31, 2024 | -53.0% | −61.4 |
| FY2023 | Dec 31, 2023 | 8.4% | +0.2 |
| FY2022 | Dec 31, 2022 | 8.2% | −5.4 |
| FY2021 | Dec 31, 2021 | 13.5% | +1.5 |
| FY2020 | Dec 31, 2020 | 12.1% | −0.0 |
| FY2019 | Dec 31, 2019 | 12.1% | +0.5 |
| FY2018 | Dec 31, 2018 | 11.7% | −1.9 |
| FY2017 | Dec 31, 2017 | 13.5% | −1.4 |
| FY2016 | Dec 31, 2016 | 14.9% | +2.6 |
| FY2015 | Dec 31, 2015 | 12.4% | +2.1 |
| FY2014 | Dec 31, 2014 | 10.3% | +0.5 |
| FY2013 | Dec 31, 2013 | 9.8% | +1.4 |
| FY2012 | Dec 31, 2012 | 8.4% | −0.5 |
| FY2011 | Dec 31, 2011 | 8.9% | −0.7 |
| FY2010 | Dec 31, 2010 | 9.6% | +1.5 |
| FY2009 | Dec 31, 2009 | 8.1% | +1.8 |
| FY2008 | Dec 31, 2008 | 6.3% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 4.1% | −2.5 |
| Q2 FY2026 | Jun 30, 2026 | 21.7% | +14.5 |
| Q1 FY2026 | Mar 31, 2026 | 7.2% | −1.2 |
| Q4 FY2025 | Dec 31, 2025 | 8.3% | +1.6 |
| Q3 FY2025 | Sep 30, 2025 | 6.6% | +24.6 |
| Q2 FY2025 | Jun 30, 2025 | 7.2% | +216.1 |
| Q1 FY2025 | Mar 31, 2025 | 8.4% | +2.0 |
| Q4 FY2024 | Dec 31, 2024 | 6.7% | −2.0 |
| Q3 FY2024 | Sep 30, 2024 | -18.0% | −25.8 |
| Q2 FY2024 | Jun 30, 2024 | -208.9% | −217.4 |
| Q1 FY2024 | Mar 31, 2024 | 6.4% | −2.0 |
| Q4 FY2023 | Dec 31, 2023 | 8.7% | +9.9 |
| Q3 FY2023 | Sep 30, 2023 | 7.8% | −2.0 |
| Q2 FY2023 | Jun 30, 2023 | 8.5% | −1.2 |
| Q1 FY2023 | Mar 31, 2023 | 8.4% | −4.3 |
| Q4 FY2022 | Dec 31, 2022 | -1.2% | −12.8 |
| Q3 FY2022 | Sep 30, 2022 | 9.8% | −3.1 |
| Q2 FY2022 | Jun 30, 2022 | 9.7% | −5.3 |
| Q1 FY2022 | Mar 31, 2022 | 12.6% | −2.6 |
| Q4 FY2021 | Dec 31, 2021 | 11.5% | −0.8 |
| Q3 FY2021 | Sep 30, 2021 | 12.9% | −2.7 |
| Q2 FY2021 | Jun 30, 2021 | 15.0% | +3.2 |
| Q1 FY2021 | Mar 31, 2021 | 15.2% | +6.4 |
| Q4 FY2020 | Dec 31, 2020 | 12.4% | −1.5 |
| Q3 FY2020 | Sep 30, 2020 | 15.5% | +3.0 |
| Q2 FY2020 | Jun 30, 2020 | 11.8% | +1.6 |
| Q1 FY2020 | Mar 31, 2020 | 8.8% | −3.0 |
| Q4 FY2019 | Dec 31, 2019 | 13.9% | +2.8 |
| Q3 FY2019 | Sep 30, 2019 | 12.5% | −0.2 |
| Q2 FY2019 | Jun 30, 2019 | 10.2% | −1.3 |
| Q1 FY2019 | Mar 31, 2019 | 11.8% | +0.6 |
| Q4 FY2018 | Dec 31, 2018 | 11.1% | −2.1 |
| Q3 FY2018 | Sep 30, 2018 | 12.8% | −3.8 |
| Q2 FY2018 | Jun 30, 2018 | 11.5% | −0.8 |
| Q1 FY2018 | Mar 31, 2018 | 11.1% | −0.7 |
| Q4 FY2017 | Dec 31, 2017 | 13.2% | −1.1 |
| Q3 FY2017 | Sep 30, 2017 | 16.6% | – |
| Q2 FY2017 | Jun 30, 2017 | 12.3% | – |
| Q1 FY2017 | Mar 31, 2017 | 11.8% | – |
| Q4 FY2016 | Dec 31, 2016 | 14.3% | – |
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