Hawaiian Electric Industries (HE) Revenue & Revenue Breakdown

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Hawaiian Electric Industries Revenue Highlights

Latest Revenue (Y)

$3.22B

Latest Revenue (Q)

$744.07M

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
2025-03-31	$744.07M	52.80%
2024-12-31	$486.95M	-48.11%
2024-09-30	$938.38M	4.57%
2024-06-30	$897.36M	13.30%
2024-03-31	$792.01M	-17.19%
2023-12-31	$956.37M	6.04%
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 $744.07M in revenue during Q1 2025, up 52.80% compared to the previous quarter, and up 77.80% 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
Other Sales	$11.92M	-	-	-	-
Product and Service, Other	$42.12M	-	-	-	-
Regulatory Revenue	$-2.57M	-	-	-	-
Deposit Account	-	$19.13M	$18.76M	$16.66M	$16.06M
Financial Service	-	$19.03M	$19.83M	$21.23M	$16.45M
Financial Service, Other	-	$10.62M	$10.29M	$8.77M	$6.38M
Mortgage Banking	-	$910.00K	$1.69M	$9.30M	$23.73M
Other Income, Net	-	$2.80M	$2.09M	$851.00K	$-256.00K
Bank Owned Life Insurance Income	-	$7.39M	$2.53M	$7.32M	$6.48M

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	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	Mar 20
Product and Service, Other	$9.31M	$10.50M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Electric Energy Sales, Residential	$233.15M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Electric Energy Sales, Other	$4.22M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Electric Energy Sales, Large Light And Power	$260.58M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Electric Energy Sales, Commercial	$237.01M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Sales	$3.71M	$4.17M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regulatory Revenue	$-1.58M	$-14.08M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Electric Utility Segment	-	-	$796.17M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	$2.00M
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	$4.57M
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	$5.11M
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	$413.00K
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	$794.00K
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	$1.87M
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 Jun 25: Electric Energy Sales, Large Light And Power (34.91%), Electric Energy Sales, Commercial (31.75%), Electric Energy Sales, Residential (31.24%), Product and Service, Other (1.25%), Electric Energy Sales, Other (0.57%), Other Sales (0.50%), and Regulatory Revenue (-0.21%).

Hawaiian Electric Industries Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
CEPU	Central Puerto	$860.96B	$128.71B
ELPC	Companhia Paranaense de Energia	$3.66B	$973.25M
HE	Hawaiian Electric Industries	$3.22B	$744.07M
CTRI	Centuri	$2.53B	$697.95M
OTTR	Otter Tail	$1.33B	$333.04M
AVA	Avista	$1.30B	$411.00M
NWN	Northwest Natural	$1.15B	$236.19M
HTO	H2O America	$748.44M	$167.60M
MGEE	MGE Energy	$676.94M	$159.45M
UTL	Unitil	$248.30M	$102.60M
SPH	Suburban Propane Partners	-	-

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 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). The company's quarterly revenue for Q4 2024 was $486.95M, a -48.11% decrease from the previous quarter (Q3 2024), and a -49.08% decrease year-over-year (Q4 2023). HE's quarterly revenue for Q3 2024 was $938.38M, a 4.57% increase from the previous quarter (Q2 2024), and a 4.05% increase year-over-year (Q3 2023).

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