Hawaiian Electric Industries (HE) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart Transcripts

Hawaiian Electric Industries Revenue Highlights

Latest Revenue (Y)

$3.22B

Latest Revenue (Q)

$790.61M

Main Segment (Y)

Product and Service, Other

Hawaiian Electric Industries Revenue by Period

Hawaiian Electric Industries Revenue by Year

Date	Revenue	Change
2024-12-31	$3.22B	-12.56%
2023-12-31	$3.68B	-1.60%
2022-12-31	$3.74B	31.28%
2021-12-31	$2.85B	10.49%
2020-12-31	$2.58B	-10.26%
2019-12-31	$2.87B	0.48%
2018-12-31	$2.86B	11.94%
2017-12-31	$2.56B	7.35%
2016-12-31	$2.38B	-8.54%
2015-12-31	$2.60B	-19.65%
2014-12-31	$3.24B	0.03%
2013-12-31	$3.24B	-4.05%
2012-12-31	$3.37B	4.09%
2011-12-31	$3.24B	21.66%
2010-12-31	$2.66B	15.39%
2009-12-31	$2.31B	-28.25%
2008-12-31	$3.22B	26.91%
2007-12-31	$2.54B	3.07%
2006-12-31	$2.46B	11.07%
2005-12-31	$2.22B	15.15%
2004-12-31	$1.92B	8.01%
2003-12-31	$1.78B	7.72%
2002-12-31	$1.65B	28.76%
2001-12-31	$1.28B	-25.29%
2000-12-31	$1.72B	12.85%
1999-12-31	$1.52B	2.57%
1998-12-31	$1.49B	1.46%
1997-12-31	$1.46B	3.78%
1996-12-31	$1.41B	8.85%
1995-12-31	$1.30B	9.04%
1994-12-31	$1.19B	-

Hawaiian Electric Industries generated $3.22B in revenue during NA 2024, up -12.56% compared to the previous quarter, and up 112.01% compared to the same period a year ago.

Hawaiian Electric Industries Revenue by Quarter

Date	Revenue	Change
2025-09-30	$790.61M	5.92%
2025-06-30	$746.39M	0.31%
2025-03-31	$744.07M	52.80%
2024-12-31	$486.95M	-48.11%
2024-09-30	$938.38M	17.97%
2024-06-30	$795.42M	0.43%
2024-03-31	$792.01M	41.00%
2023-12-31	$561.71M	-37.72%
2023-09-30	$901.87M	0.69%
2023-06-30	$895.68M	-3.51%
2023-03-31	$928.24M	-8.92%
2022-12-31	$1.02B	-2.21%
2022-09-30	$1.04B	16.37%
2022-06-30	$895.61M	14.08%
2022-03-31	$785.07M	1.92%
2021-12-31	$770.27M	1.77%
2021-09-30	$756.90M	11.27%
2021-06-30	$680.26M	5.80%
2021-03-31	$642.95M	-1.42%
2020-12-31	$652.22M	1.68%
2020-09-30	$641.43M	5.33%
2020-06-30	$608.95M	-10.08%
2020-03-31	$677.19M	-6.72%
2019-12-31	$725.97M	-5.91%
2019-09-30	$771.53M	7.83%
2019-06-30	$715.49M	8.14%
2019-03-31	$661.62M	-13.13%
2018-12-31	$761.65M	-0.83%
2018-09-30	$768.05M	12.08%
2018-06-30	$685.28M	6.10%
2018-03-31	$645.87M	-1.93%
2017-12-31	$658.60M	-2.17%
2017-09-30	$673.18M	6.47%
2017-06-30	$632.28M	6.88%
2017-03-31	$591.56M	-4.18%
2016-12-31	$617.39M	-4.44%
2016-09-30	$646.05M	14.09%
2016-06-30	$566.24M	2.77%
2016-03-31	$550.96M	-11.71%
2015-12-31	$624.03M	-12.99%
2015-09-30	$717.18M	14.95%
2015-06-30	$623.91M	-2.19%
2015-03-31	$637.86M	-19.26%
2014-12-31	$790.04M	-8.89%
2014-09-30	$867.10M	8.57%
2014-06-30	$798.66M	1.90%
2014-03-31	$783.75M	-5.17%
2013-12-31	$826.45M	-0.58%
2013-09-30	$831.23M	4.33%
2013-06-30	$796.73M	1.62%
2013-03-31	$784.06M	-6.45%
2012-12-31	$838.15M	-3.41%
2012-09-30	$867.72M	1.57%
2012-06-30	$854.27M	4.84%
2012-03-31	$814.86M	-4.25%
2011-12-31	$851.03M	-3.99%
2011-09-30	$886.36M	11.59%
2011-06-30	$794.32M	11.78%
2011-03-31	$710.63M	2.14%
2010-12-31	$695.74M	0.17%
2010-09-30	$694.54M	5.93%
2010-06-30	$655.66M	5.92%
2010-03-31	$619.04M	-0.09%
2009-12-31	$619.58M	-0.12%
2009-09-30	$620.31M	17.95%
2009-06-30	$525.90M	-3.29%
2009-03-31	$543.80M	-32.01%
2008-12-31	$799.82M	-12.63%
2008-09-30	$915.43M	18.26%
2008-06-30	$774.05M	6.09%
2008-03-31	$729.62M	3.03%
2007-12-31	$708.17M	-

Hawaiian Electric Industries generated $790.61M in revenue during Q3 2025, up 5.92% compared to the previous quarter, and up 99.40% compared to the same period a year ago.

Hawaiian Electric Industries Revenue Breakdown

Hawaiian Electric Industries Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Regulatory Revenue	$-2.57M	-	-	-	-
Product and Service, Other	$42.12M	-	-	-	-
Other Sales	$11.92M	-	-	-	-
Financial Service	-	$19.03M	$19.83M	$21.23M	$16.45M
Mortgage Banking	-	$910.00K	$1.69M	$9.30M	$23.73M
Deposit Account	-	$19.13M	$18.76M	$16.66M	$16.06M
Bank Owned Life Insurance Income	-	$7.39M	$2.53M	$7.32M	$6.48M
Other Income, Net	-	$2.80M	$2.09M	$851.00K	$-256.00K
Financial Service, Other	-	$10.62M	$10.29M	$8.77M	$6.38M

Hawaiian Electric Industries's latest annual revenue breakdown by segment (product or service), as of Dec 24: Product and Service, Other (81.82%), Other Sales (23.16%), and Regulatory Revenue (-4.98%).

Quarterly Revenue by Product

Product/Service	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20
Electric Energy Sales, Other	$4.28M	$4.22M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Electric Energy Sales, Large Light And Power	$278.48M	$260.58M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Electric Energy Sales, Commercial	$251.29M	$237.01M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regulatory Revenue	$-17.86M	$-1.58M	$-14.08M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product and Service, Other	$9.48M	$9.31M	$10.50M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Sales	$3.16M	$3.71M	$4.17M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Electric Energy Sales, Residential	$261.78M	$233.15M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Electric Utility Segment	-	-	-	$796.17M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bank Owned Life Insurance Income	-	-	-	-	$2.99M	$3.58M	$1.71M	$1.96M	$1.43M	$1.87M	$122.00K	$-142.00K	$681.00K	$1.11M	$2.03M	$1.62M	$2.56M	$2.05M	$1.97M	$1.67M
Mortgage Banking	-	-	-	-	$363.00K	$424.00K	$209.00K	$230.00K	$130.00K	$62.00K	$181.00K	$372.00K	$1.08M	$1.81M	$1.27M	$1.93M	$4.30M	$7.80M	$7.68M	$6.25M
Other Income, Net	-	-	-	-	$658.00K	$686.00K	$693.00K	$678.00K	$801.00K	$606.00K	$633.00K	$475.00K	$372.00K	$220.00K	$283.00K	$76.00K	$272.00K	$-187.00K	$-231.00K	$-251.00K
Financial Service, Other	-	-	-	-	$3.13M	$2.74M	$2.66M	$2.77M	$2.74M	$2.63M	$2.42M	$2.53M	$2.72M	$2.00M	$2.12M	$2.20M	$2.44M	$1.77M	$1.52M	$1.21M
Financial Service	-	-	-	-	$5.19M	$4.87M	$4.64M	$5.01M	$4.68M	$4.76M	$4.76M	$4.72M	$5.59M	$5.89M	$4.80M	$5.46M	$5.07M	$4.54M	$4.23M	$3.10M
Deposit Account	-	-	-	-	$5.16M	$4.90M	$5.10M	$4.50M	$4.60M	$4.64M	$4.88M	$4.55M	$4.69M	$4.63M	$4.26M	$3.90M	$3.86M	$4.22M	$3.83M	$2.90M
Gain (Loss) On Sale Of Investments, Net	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$528.00K	-	$9.28M	-	-

Hawaiian Electric Industries's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Electric Energy Sales, Large Light And Power (35.22%), Electric Energy Sales, Residential (33.11%), Electric Energy Sales, Commercial (31.78%), Product and Service, Other (1.20%), Electric Energy Sales, Other (0.54%), Other Sales (0.40%), and Regulatory Revenue (-2.26%).

Hawaiian Electric Industries Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
EDN	Empresa Distribuidora y Comercializadora Norte Sociedad Anónima	$1.92T	$276.16B
CEPU	Central Puerto	$860.96B	$128.71B
ELPC	Companhia Paranaense de Energia	$3.66B	$973.25M
HE	Hawaiian Electric Industries	$3.22B	$790.61M
CTRI	Centuri	$2.53B	$825.23M
OTTR	Otter Tail	$1.33B	$325.56M
AVA	Avista	$1.30B	$403.00M
NWN	Northwest Natural	$1.15B	$164.73M
HTO	H2O America	$748.44M	$240.55M
MGEE	MGE Energy	$676.94M	$159.45M
UTL	Unitil	$248.30M	$101.10M

HE Revenue FAQ

What is Hawaiian Electric Industries’s yearly revenue?

Hawaiian Electric Industries's yearly revenue for 2024 was $3.22B, representing a decrease of -12.56% compared to 2023. The company's yearly revenue for 2023 was $3.68B, representing a decrease of -1.60% compared to 2022. HE's yearly revenue for 2022 was $3.74B, representing an increase of 31.28% compared to 2021.

What is Hawaiian Electric Industries’s quarterly revenue?

Hawaiian Electric Industries's quarterly revenue for Q3 2025 was $790.61M, a 5.92% increase from the previous quarter (Q2 2025), and a -15.75% decrease year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $746.39M, a 0.31% increase from the previous quarter (Q1 2025), and a -6.16% decrease year-over-year (Q2 2024). HE's quarterly revenue for Q1 2025 was $744.07M, a 52.80% increase from the previous quarter (Q4 2024), and a -6.05% decrease year-over-year (Q1 2024).

What is Hawaiian Electric Industries’s revenue growth rate?

Hawaiian Electric Industries's revenue growth rate for the last 3 years (2022-2024) was -13.95%, and for the last 5 years (2020-2024) was 24.81%.

What are Hawaiian Electric Industries’s revenue streams?

Hawaiian Electric Industries's revenue streams in c 24 are Regulatory Revenue, Product and Service, Other, and Other Sales. Regulatory Revenue generated $-2.566M in revenue, accounting -4.98% of the company's total revenue Product and Service, Other generated $42.12M in revenue, accounting 81.82% of the company's total revenue Other Sales generated $11.92M in revenue, accounting 23.16% of the company's total revenue

What is Hawaiian Electric Industries’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Hawaiian Electric Industries was Product and Service, Other. This segment made a revenue of $42.12M, representing 81.82% of the company's total revenue.