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Talen Energy vs Hawaiian Electric Industries: TLN and HE compared
Talen Energy is the larger company: $1.3B of revenue in its latest quarter (Q3 2026) against $1.0B for Hawaiian Electric Industries (Q3 2026). Talen Energy is growing faster (+63% against +28% a year earlier). Talen Energy is more profitable, with an operating margin of 19.2% against 4.1%.
Where the money goes: TLN and HE
Talen Energy (TLN) · Q3 2026
Talen Energy, Q3 2026: revenue $1.3B (+63% year over year), operating margin 19.2%, net earnings $138M, operating cash flow $463M. 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.
| Talen Energy (TLN) | Hawaiian Electric Industries (HE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.3B | $1.0B |
| Revenue growth, Y/Y | +63% | +28% |
| Operating margin | 19.2% | 4.1% |
| Net earnings | $138M | $35.5M |
| Net margin | 10.4% | 3.5% |
| Operating cash flow | $463M | $119M |
| Free cash flow | $296M | — |
| Market value | $16.2B | $1.5B |
| P/E | — | 6.3× |
| Analysts’ mean target | $453.81 | $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, Talen Energy or Hawaiian Electric Industries?
Talen Energy is the larger company: $1.3B of revenue in its latest quarter (Q3 2026) against $1.0B for Hawaiian Electric Industries (Q3 2026).
Is Talen Energy or Hawaiian Electric Industries growing faster?
Talen Energy is growing faster (+63% against +28% a year earlier).
Which is more profitable, Talen Energy or Hawaiian Electric Industries?
Talen Energy is more profitable, with an operating margin of 19.2% against 4.1%.
More: Talen Energy earnings · how Talen 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 Nov 3, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.