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Hawaiian Electric Industries vs Txnm Energy: HE and TXNM compared
Hawaiian Electric Industries is the larger company: $1.0B of revenue in its latest quarter (Q3 2026) against $733M for Txnm Energy (Q3 2026). Hawaiian Electric Industries is growing faster (+28% against +13% a year earlier). Txnm Energy is more profitable, with an operating margin of 37.0% against 4.1%.
Where the money goes: HE and TXNM
Hawaiian Electric Industries (HE) · Q3 2026
Hawaiian Electric Industries, Q3 2026: revenue $1.0B (+28% year over year), operating margin 4.1%, net earnings $35.5M, operating cash flow $119M. The chart follows the revenue to costs, profit and cash.
Txnm Energy (TXNM) · Q3 2026
Txnm Energy, Q3 2026: revenue $733M (+13% year over year), operating margin 37.0%, net earnings $163M, operating cash flow $230M. The chart follows the revenue to costs, profit and cash.
| Hawaiian Electric Industries (HE) | Txnm Energy (TXNM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.0B | $733M |
| Revenue growth, Y/Y | +28% | +13% |
| Operating margin | 4.1% | 37.0% |
| Net earnings | $35.5M | $163M |
| Net margin | 3.5% | 22.3% |
| Operating cash flow | $119M | $230M |
| Market value | $1.5B | $6.3B |
| P/E | 6.3× | 25.8× |
| Analysts’ mean target | $8.62 | $60.70 |
Where the revenue comes from
Hawaiian Electric Industries
- Electric energy sales - large light and power: $360M (36%)
- Electric energy sales - residential: $327M (32%)
- Electric energy sales - commercial: $313M (31%)
- Electric energy sales - other: $5.3M (1%)
Questions
Which is bigger, Hawaiian Electric Industries or Txnm Energy?
Hawaiian Electric Industries is the larger company: $1.0B of revenue in its latest quarter (Q3 2026) against $733M for Txnm Energy (Q3 2026).
Is Hawaiian Electric Industries or Txnm Energy growing faster?
Hawaiian Electric Industries is growing faster (+28% against +13% a year earlier).
Which is more profitable, Hawaiian Electric Industries or Txnm Energy?
Txnm Energy is more profitable, with an operating margin of 37.0% against 4.1%.
More: Hawaiian Electric Industries earnings · how Hawaiian Electric Industries makes money · Txnm Energy earnings · how Txnm Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.