Substantial doubt about the company's ability to continue as a going concern.
“the ability to raise the amount of capital necessary on reasonable terms, if at all, for the Company's and the Utilities' contribution to the Maui wildfire tort litigation settlement in order to alleviate future conditions that may cause substantial doubt about HEI's and the Utilities' ability to continue as a going concern”
HEHawaiian Electric Industries Inc$8.54+1.79%
incl. div.
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement.
Across FY2008–FY2025: $1.84B in dividends.
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
On September 18, 2025, Hawaiian Electric Industries, Inc. (“HEI”) (NYSE – HEI), the parent company of Hawaiian Electric Company, Inc. (“Hawaiian Electric”), announced that Hawaiian Electric issued $500 million aggregate principal amount of 6.000% Senior Notes due 2033 (the “Notes”). The Notes were issued pursuant to an indenture (the “Indenture”), dated as of September 18, 2025, by and between Hawaiian Electric and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”). The Notes were offered and sold in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended. The Notes will mature on October 1, 2033. Interest is payable in cash semi-annually on April 1 and October 1 of each year, beginning on April 1, 2026.
Issuer evidence: On September 18, 2025, Hawaiian Electric Industries, Inc. (“HEI”) (NYSE – HEI), the parent company of Hawaiian Electric Company, Inc. (“Hawaiian Electric”), announced that Hawaiian Electric issued $500 million aggregate principal amount of 6.000% Senior Notes due 2033 (the “Notes”). The Notes were issued pursuant to an indenture (the “Indenture”), dated as of September 18, 2025, by and between Hawaiian Electric and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”). The Notes were offered and sold in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended. The Notes will mature on October 1, 2033. Interest is payable in cash semi-annually on April 1 and October 1 of each year, beginning on April 1, 2026.
Supporting evidence: On September 18, 2025, Hawaiian Electric Industries, Inc. (“HEI”) (NYSE – HEI), the parent company of Hawaiian Electric Company, Inc. (“Hawaiian Electric”), announced that Hawaiian Electric issued $500 million aggregate principal amount of 6.000% Senior Notes due 2033 (the “Notes”). The Notes were issued pursuant to an indenture (the “Indenture”), dated as of September 18, 2025, by and between Hawaiian Electric and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”). The Notes were offered and sold in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended. The Notes will mature on October 1, 2033. Interest is payable in cash semi-annually on April 1 and October 1 of each year, beginning on April 1, 2026.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
1.06×
Peer median 4.67×
EV/EBIT
9.23×
Peer median 20.84×
P/E (TTM)
6.45×
Peer median 20.01×
Peer medians compare against the 10 similar-size Utilities - Regulated Electric companies (of 33 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
Component
FY2025
FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
FY2018
Electric Utility Segment
$3,071,182,000
$3,206,700,000
$3,269,521,000
$3,408,587,000
$2,539,636,000
$2,265,320,000
$2,545,942,000
$2,546,525,000
All Other Segments
$15,714,000
$13,150,000
$17,982,000
$12,330,000
$4,345,000
$944,000
$89,000
$49,000
Banking Segment
—
—
$394,663,000
$321,068,000
$306,398,000
$313,511,000
$327,917,000
$314,275,000
By Product & Service (USD)
Component
FY2025
FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
FY2018
Electric Energy Sales Large Light and Power
$1,079,522,000
$1,123,884,000
$1,141,128,000
$1,221,608,000
$837,834,000
$751,464,000
$905,308,000
$894,770,000
Electric Energy Sales Residential
$992,367,000
$1,012,620,000
$1,026,321,000
$1,078,372,000
$830,653,000
$766,609,000
$807,652,000
$801,846,000
Electric Energy Sales Commercial
$971,816,000
$1,013,189,000
$1,044,045,000
$1,087,485,000
$791,424,000
$703,516,000
$846,110,000
$853,672,000
Electric Energy Sales Other
$17,970,000
$18,682,000
$19,471,000
$17,063,000
$10,770,000
$8,054,000
$16,296,000
$17,243,000
Other Sales
$13,669,000
$11,923,000
$17,540,000
$11,804,000
$4,086,000
—
—
—
Bank Fees
—
—
—
$48,883,000
$46,658,000
$38,887,000
$46,659,000
$47,300,000
Solar Energy Sales
—
—
—
—
—
$921,000
$0
—
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
