Hawaiian Electric Industries, Inc. (HE) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 746.45M | 805.82M | 790.61M | 746.39M | 744.07M | 486.95M | 938.38M | 795.42M | 792.01M | 561.71M | 901.87M | 895.68M | 928.24M | 1.02B | 1.04B | 895.61M | 785.07M | 770.27M | 756.9M | 680.26M |
| Revenue Growth % | 0.32% | 65.48% | -15.75% | -6.16% | -6.05% | -13.31% | 4.05% | -11.19% | -14.68% | -44.88% | -13.46% | 0.01% | 18.24% | 32.31% | 37.69% | 31.66% | 22.1% | 18.1% | 18% | 11.71% |
| Cost of Revenue | 693.07M | 738.72M | 738.56M | 692.64M | 681.65M | 424.61M | 1.06B | 2.46B | 650.82M | 478.15M | 731.18M | 711.28M | 739.83M | 819.43M | 940.08M | 719.3M | 606.66M | 681.41M | 659.59M | 578.4M |
| Gross Profit | 53.38M | 67.11M | 52.05M | 53.75M | 62.42M | 62.34M | -126.55M | -1.66B | 141.2M | 83.56M | 170.69M | 184.4M | 188.4M | 199.69M | 102.11M | 176.3M | 178.41M | 88.86M | 97.32M | 101.86M |
| Gross Margin % | 7.15% | 8.33% | 6.58% | 7.2% | 8.39% | 12.8% | -13.49% | -208.9% | 17.83% | 14.88% | 18.93% | 20.59% | 20.3% | 19.59% | 9.8% | 19.69% | 22.72% | 11.54% | 12.86% | 14.97% |
| Gross Profit Growth % | -14.49% | 7.64% | 141.13% | 103.23% | -55.79% | -25.39% | -174.14% | -1001.07% | -25.05% | -58.16% | 67.15% | 4.59% | 5.6% | 124.71% | 4.93% | 73.09% | 81.99% | 10.15% | -2.25% | 42.34% |
| Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 90.31M | 70.17M | 95.58M | 5.22M | 94.89M | 106.67M | 0 | 89.63M | 79.13M | 0 | 0 | 0 |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 119.92M | 131.24M | 125.78M | 124.37M | 138.98M | 134.06M | -56M | -1.59B | 124.52M | 62.22M | 153.74M | 257.15M | 170.39M | 168.86M | 160.39M | 159.5M | 171.69M | 150.63M | 158.78M | 163.35M |
| EBITDA Margin % | 16.07% | 16.29% | 15.91% | 16.66% | 18.68% | 27.53% | -5.97% | -200.46% | 15.72% | 11.08% | 17.05% | 28.71% | 18.36% | 16.57% | 15.39% | 17.81% | 21.87% | 19.56% | 20.98% | 24.01% |
| EBITDA Growth % | -13.72% | -2.1% | 324.61% | 107.8% | 11.62% | 115.45% | -136.43% | -720.07% | -26.92% | -63.15% | -4.15% | 61.22% | -0.76% | 12.1% | 1.01% | -2.36% | 7.67% | 7.51% | -0.05% | 24.4% |
| Depreciation & Amortization | 66.54M | 64.13M | 73.73M | 70.62M | 76.56M | 71.72M | 70.55M | 67.08M | 73.63M | 48.84M | 78.63M | 77.97M | 76.87M | 75.85M | 58.28M | 72.83M | 72.42M | 61.77M | 61.47M | 61.49M |
| D&A / Revenue % | 8.91% | 7.96% | 9.33% | 9.46% | 10.29% | 14.73% | 7.52% | 8.43% | 9.3% | 8.69% | 8.72% | 8.71% | 8.28% | 7.44% | 5.59% | 8.13% | 9.22% | 8.02% | 8.12% | 9.04% |
| Operating Income (EBIT) | 53.38M | 67.11M | 52.05M | 53.75M | 62.42M | 62.34M | -126.55M | -1.66B | 50.89M | 13.38M | 75.11M | 179.18M | 93.52M | 93.01M | 102.11M | 86.67M | 99.28M | 88.86M | 97.32M | 101.86M |
| Operating Margin % | 7.15% | 8.33% | 6.58% | 7.2% | 8.39% | 12.8% | -13.49% | -208.9% | 6.43% | 2.38% | 8.33% | 20% | 10.07% | 9.13% | 9.8% | 9.68% | 12.65% | 11.54% | 12.86% | 14.97% |
| Operating Income Growth % | -14.49% | 7.64% | 141.13% | 103.23% | 22.66% | 365.81% | -268.48% | -1027.32% | -45.59% | -85.61% | -26.44% | 106.74% | -5.8% | 4.67% | 4.93% | -14.91% | 1.27% | 10.15% | -2.25% | 42.34% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 1.81x | 2.90x | 2.52x | 2.55x | 2.02x | 2.54x | -3.85x | -53.26x | 1.72x | 0.42x | 2.44x | 3.30x | 3.29x | 3.55x | 4.09x | 3.64x | 4.26x | 4.03x | 4.45x | 4.69x |
| Interest / Revenue % | 0.13% | 0.12% | 0.13% | 0.13% | 0.13% | 0.21% | 0.11% | 0.13% | 0.13% | 0.18% | 0.11% | 0.11% | 0.11% | 0.1% | 0.1% | 0.11% | 0.13% | 0.13% | 0.13% | 0.15% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Pretax Income | 38.59M | 53.47M | 39.95M | 39.98M | 33.54M | 45.65M | -149.23M | -1.69B | 27.98M | 51.17M | 48.64M | 68.89M | 69.83M | 70.12M | 79.91M | 65.74M | 87.01M | 69.57M | 78.15M | 82.94M |
| Pretax Margin % | 5.17% | 6.64% | 5.05% | 5.36% | 4.51% | 9.37% | -15.9% | -211.86% | 3.53% | 9.11% | 5.39% | 7.69% | 7.52% | 6.88% | 7.67% | 7.34% | 11.08% | 9.03% | 10.33% | 12.19% |
| Income Tax | 8.14M | 12.11M | 8.73M | 13.42M | 6.39M | 9.94M | -45.3M | -435.95M | 6.79M | 2.38M | 7.52M | 14.28M | 15.11M | 12.77M | 17.35M | 13.2M | 17.84M | 14.58M | 14.27M | 18.6M |
| Effective Tax Rate % | 21.1% | 22.64% | 21.85% | 33.56% | 19.07% | 21.77% | 30.36% | 25.87% | 24.28% | 4.65% | 15.46% | 20.73% | 21.64% | 18.21% | 21.72% | 20.08% | 20.5% | 20.95% | 18.25% | 22.42% |
| Net Income | 30.45M | 41.36M | 31.22M | 26.56M | 27.14M | -67.77M | -103.93M | -1.3B | 42.12M | 48.79M | 41.12M | 54.61M | 54.72M | 57.35M | 62.55M | 52.54M | 69.17M | 54.99M | 63.89M | 64.34M |
| Net Margin % | 4.08% | 5.13% | 3.95% | 3.56% | 3.65% | -13.92% | -11.08% | -162.81% | 5.32% | 8.69% | 4.56% | 6.1% | 5.9% | 5.63% | 6% | 5.87% | 8.81% | 7.14% | 8.44% | 9.46% |
| Net Income Growth % | 12.18% | 161.03% | 130.04% | 102.05% | -35.56% | -238.91% | -352.76% | -2471.38% | -23.02% | -14.92% | -34.27% | 3.94% | -20.89% | 4.28% | -2.09% | -18.34% | 6.69% | 7.92% | -2.47% | 30.36% |
| EPS (Diluted) | 0.18 | 0.23 | 0.18 | 0.15 | 0.15 | -0.56 | -0.91 | -11.74 | 0.38 | 0.44 | 0.37 | 0.50 | 0.50 | 0.52 | 0.57 | 0.48 | 0.63 | 0.50 | 0.58 | 0.58 |
| EPS Growth % | 20% | 141.07% | 119.78% | 101.28% | -60.53% | -227.27% | -345.95% | -2448% | -24% | -15.38% | -35.09% | 4.17% | -20.63% | 4% | -1.72% | -17.24% | 6.78% | 8.7% | -1.69% | 28.89% |
| EPS (Basic) | 0.18 | 0.23 | 0.18 | 0.15 | 0.15 | 0.28 | -0.91 | -11.74 | 0.38 | 0.44 | 0.37 | 0.50 | 0.50 | 0.52 | 0.57 | 0.48 | 0.63 | 0.50 | 0.58 | 0.58 |
| Diluted Shares Outstanding | 173.33M | 172.62M | 172.92M | 172.66M | 172.81M | 120.64M | 114.36M | 110.3M | 110.48M | 110.3M | 109.92M | 109.78M | 109.83M | 109.77M | 109.7M | 109.66M | 109.63M | 109.56M | 109.58M | 109.52M |