Hawaiian Electric Industries, Inc.
HE Utilities Utilities Regulated Electric
Hawaiian Electric Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, down 4.13% from fiscal 2024. In the quarter to June 2026, revenue grew 25.9%, EPS grew 373.3%, free cash flow fell 1,019.7% and total debt rose 9.76%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years.
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Hawaiian Electric Industries, Inc. (HE) EV/Sales
As of 16 October 2026, Hawaiian Electric Industries, Inc. (HE) trades at a EV/Sales of 1.3×. Over the past ten years it has ranged from 1.0× (January 2025) to 2.8× (May 2021); the current reading is higher than 10% of that period. That is below the Utilities Regulated Electric industry median of 4.7× and below the Utilities sector median of 4.4×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 1.3× | 29.54% |
| FY2024 | 1.0× | (27.56%) |
| FY2023 | 1.4× | (37.27%) |
| FY2022 | 2.2× | (4.85%) |
| FY2021 | 2.3× | 3.62% |
| FY2020 | 2.3× | (8.89%) |
| FY2019 | 2.5× | 20.91% |
| FY2018 | 2.1× | (6.17%) |
| FY2017 | 2.2× | 2.51% |
| FY2016 | 2.1× | 16.13% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 1.5× | 3.42% |
| Mar 2026 | 1.5× | 11.76% |
| Dec 2025 | 1.3× | 5.79% |
| Sep 2025 | 1.2× | 4.41% |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| GNE Genie Energy Ltd. compare | 0.5× |
| EDN Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) compare | 0.5× |
| CIG Comp En De Mn Cemig ADS compare | 1.2× |
| HE Hawaiian Electric Industries, Inc. | 1.3× |
| ENIC Enel Chile S.A. compare | 1.3× |
| CEPU Central Puerto S.A. Sponsored ADR compare | 2.1× |
| POR Portland General Electric Company compare | 2.9× |
| MGEE MGE Energy Inc. compare | 4.7× |
| NWE NorthWestern Corporation compare | 4.8× |
| Utilities Regulated Electric industry median | 4.7× |
| Utilities sector median | 4.4× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)