HEHAWAIIAN ELECTRIC INDUSTRIES INC
Electric Services
- Revenue
- $3.1B
- 3.3% YoY
- Operating margin
- 7.7%
- 114% YoY
- EBITDA
- $534M
- 138% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 3.8×
- $2.0B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear318% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.5B | $3.5B | $3.2B | $3.2B | $3.1B | 3.3% |
| Operating income | $386M | $280M | $275M | −$1.7B | $235M | 114% |
| Net income | $246M | $241M | $199M | −$1.4B | $123M | 109% |
| Operating cash flow | $376M | $454M | $551M | $487M | $391M | 20% |
| Capex | $315M | $339M | $443M | $344M | $341M | 0.9% |
| Stock-based comp | $9M | $7M | $7M | $4M | $3M | 4.6% |
| Dividends | $149M | $111M | $74M | $0 | $0 |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $4M | $4M | 39 | 144 |
| FY2024 | $7M | $4M | 31 | 129 |
| FY2023 | $5M | −$88K | 45 | 108 |
| FY2022 | $4M | $4M | 126 | 118 |
| FY2021 | $6M | $8M | 121 | 117 |