HAWAIIAN ELECTRIC INDUSTRIES INC (HE) FY2025 10-K Annual Report

Filed: Feb 27, 2026
Utilities
Electric ServicesSEC EDGAR

HAWAIIAN ELECTRIC INDUSTRIES INC (HE) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

HAWAIIAN ELECTRIC INDUSTRIES INC FY2025 10-K Analysis

Business Overview

  • Core business model: Electric utility providing electricity and related services across Hawaii
  • New $95 million federal grant awarded in 2024 for Climate Adaption Transmission and Distribution Resilience Program
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Management Discussion & Analysis

  • No revenue or YoY change figures disclosed in provided MD&A excerpt
  • No profitability or margin % figures disclosed in provided MD&A excerpt
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Risk Factors

  • Regulatory risk from PUC and PBR Framework affecting $1,444M liabilities and $308M assets, with potential material impact if regulatory accounting criteria change
  • Macroeconomic inflation affecting asset retirement obligations valued at $13.0M using inflation-dependent discounted cash flow models
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HAWAIIAN ELECTRIC INDUSTRIES INC FY2025 Key Financial Metrics
XBRL

Revenue

$3.1B

-4.1% YoY

Net Income

$126M

+108.9% YoY

Operating Margin

7.6%

+6063bp YoY

Net Margin

4.1%

+4832bp YoY

ROE

7.9%

+10415bp YoY

Total Assets

$8.9B

-0.1% YoY

EPS (Diluted)

$0.71

+106.3% YoY

Operating Cash Flow

$391M

-19.8% YoY

Source: XBRL data from HAWAIIAN ELECTRIC INDUSTRIES INC FY2025 10-K filing on SEC EDGAR. All figures in USD.

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