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Wisconsin Electric Power vs Hawaiian Electric Industries: WELPP and HE compared
Wisconsin Electric Power is the larger company: $1.4B 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 +14% a year earlier). Wisconsin Electric Power is more profitable, with an operating margin of 29.1% against 4.1%.
Where the money goes: WELPP and HE
Wisconsin Electric Power (WELPP) · Q3 2026
Wisconsin Electric Power, Q3 2026: revenue $1.4B (+14% year over year), operating margin 29.1%, net earnings $252M, operating cash flow $546M. 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.
| Wisconsin Electric Power (WELPP) | Hawaiian Electric Industries (HE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.4B | $1.0B |
| Revenue growth, Y/Y | +14% | +28% |
| Operating margin | 29.1% | 4.1% |
| Net earnings | $252M | $35.5M |
| Net margin | 18.4% | 3.5% |
| Operating cash flow | $546M | $119M |
| Market value | $2.1B | $1.5B |
| P/E | 2.8× | 6.3× |
| Analysts’ mean target | — | $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, Wisconsin Electric Power or Hawaiian Electric Industries?
Wisconsin Electric Power is the larger company: $1.4B of revenue in its latest quarter (Q3 2026) against $1.0B for Hawaiian Electric Industries (Q3 2026).
Is Wisconsin Electric Power or Hawaiian Electric Industries growing faster?
Hawaiian Electric Industries is growing faster (+28% against +14% a year earlier).
Which is more profitable, Wisconsin Electric Power or Hawaiian Electric Industries?
Wisconsin Electric Power is more profitable, with an operating margin of 29.1% against 4.1%.
More: Wisconsin Electric Power earnings · how Wisconsin Electric Power 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 30, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.