Hawaiian Electric Industries, Inc.
HEUtilitiesNASDAQUtilities - Regulated Electric · Last scanned Jun 3, 2026
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Daily timeframeOperating under the Utilities - Regulated Electric umbrella, Hawaiian Electric Industries, Inc. is a utilities company. Hawaiian Electric Industries, Inc. The company carries a $2.34B market cap, placing it firmly in the mid-cap category. together with its subsidiaries, engages in the electric utility business.
Market Cap
$2.34B
Beta
0.56
P/E (TTM)
18.34
P/E (Fwd)
11.84
EPS (TTM)
$0.74
EPS (Fwd)
$1.15
ROE
8.0%
ROA
1.6%
Cash
$452.8M
Total Debt
$2.95B
Free CF
$101.4M
52W Change
33.0%
Annual Financials
Cash vs Debt
On the balance sheet, HE has $452.8M in cash with $2.95B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company generates $101.4M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 8.0%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 1.6% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $3.42B (2022) to $3.09B (2025).
With a beta below 0.7, Hawaiian Electric Industries, Inc. typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing HE.