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OGE Energy vs Hawaiian Electric Industries: OGE and HE compared
OGE Energy is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $1.0B for Hawaiian Electric Industries (Q3 2026). Hawaiian Electric Industries is growing faster (+28% against +13% a year earlier). OGE Energy is more profitable, with an operating margin of 36.2% against 4.1%.
Where the money goes: OGE and HE
OGE Energy (OGE) · Q3 2026
OGE Energy, Q3 2026: revenue $1.2B (+13% year over year), operating margin 36.2%, net earnings $316M, operating cash flow $383M. The chart follows the revenue to costs, profit and cash.
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.
| OGE Energy (OGE) | Hawaiian Electric Industries (HE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.2B | $1.0B |
| Revenue growth, Y/Y | +13% | +28% |
| Operating margin | 36.2% | 4.1% |
| Net earnings | $316M | $35.5M |
| Net margin | 26.7% | 3.5% |
| Operating cash flow | $383M | $119M |
| Free cash flow | $103M | — |
| Market value | $10.5B | $1.5B |
| P/E | 22.9× | 6.3× |
| Analysts’ mean target | $50.33 | $8.62 |
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, OGE Energy or Hawaiian Electric Industries?
OGE Energy is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $1.0B for Hawaiian Electric Industries (Q3 2026).
Is OGE Energy or Hawaiian Electric Industries growing faster?
Hawaiian Electric Industries is growing faster (+28% against +13% a year earlier).
Which is more profitable, OGE Energy or Hawaiian Electric Industries?
OGE Energy is more profitable, with an operating margin of 36.2% against 4.1%.
More: OGE Energy earnings · how OGE Energy makes money · Hawaiian Electric Industries earnings · how Hawaiian Electric Industries makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.