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How Hawaiian Electric Industries (HE) makes money
Hawaiian Electric Industries (HE) made $1.0B of revenue in the third quarter 2026 (Q3 2026), +26% from a year earlier. Electric energy sales - large light and power brought in $360M (36%); Electric energy sales - residential brought in $327M (33%); Electric energy sales - commercial brought in $313M (31%). Of every dollar of revenue, 4¢ was left as operating profit, 4¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Electric energy sales - large light and power | $360M | 35.8% | +5% | +29% |
| Electric energy sales - residential | $327M | 32.6% | +14% | +25% |
| Electric energy sales - commercial | $313M | 31.1% | +8% | +24% |
| Electric energy sales - other | $5.3M | 0.5% | +4% | +24% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.0B | 100.0% |
| Operating profit | $41.2M | 4.1% |
| Net earnings | $35.5M | 3.5% |
| Operating cash flow | $119M | 11.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.0B | +28% |
| Q2 2026 | $940M | +26% |
| Q1 2026 | $746M | +0.3% |
| Q4 2025 | $806M | +0.8% |
| Q3 2025 | $791M | -5% |
| Q2 2025 | $746M | -6% |
| Q4 2024 | $799M | -6% |
From Hawaiian Electric Industries' 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Hawaiian Electric Industries make money?
Hawaiian Electric Industries (HE) made $1.0B of revenue in the third quarter 2026 (Q3 2026), +26% from a year earlier. Electric energy sales - large light and power brought in $360M (36%); Electric energy sales - residential brought in $327M (33%); Electric energy sales - commercial brought in $313M (31%). Of every dollar of revenue, 4¢ was left as operating profit, 4¢ was left as net earnings.
What is Hawaiian Electric Industries' biggest business?
Electric energy sales - large light and power: $360M in the third quarter 2026, 36% of revenue, +29% from a year earlier.
What is Hawaiian Electric Industries' profit margin?
Net earnings were $35.5M, 3.5% of revenue, in the third quarter 2026; the operating margin was 4.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.