Hawaiian Electric Industries annual operating margin
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2025
Hawaiian Electric Industries Operating Margin Growth & History (HE)
Hawaiian Electric Industries's operating margin was 7.65% for fiscal 2025.
View full Hawaiian Electric Industries company overviewHawaiian Electric Industries annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 7.65% | +61.32 pp |
| 2024 | 2024-12-31 | −53.67% | −62.13 pp |
| 2023 | 2023-12-31 | 8.47% | +0.40 pp |
| 2022 | 2022-12-31 | 8.07% | −7.24 pp |
| 2021 | 2021-12-31 | 15.31% | +1.59 pp |
| 2020 | 2020-12-31 | 13.73% | +0.45 pp |
| 2019 | 2019-12-31 | 13.27% | +0.52 pp |
| 2018 | 2018-12-31 | 12.75% | −0.80 pp |
| 2017 | 2017-12-31 | 13.55% | −1.40 pp |
| 2016 | 2016-12-31 | 14.95% | +2.56 pp |
| 2015 | 2015-12-31 | 12.39% | +2.12 pp |
| 2014 | 2014-12-31 | 10.27% | +0.46 pp |
| 2013 | 2013-12-31 | 9.80% | +1.38 pp |
| 2012 | 2012-12-31 | 8.42% | −0.51 pp |
| 2011 | 2011-12-31 | 8.93% | −0.68 pp |
| 2010 | 2010-12-31 | 9.61% | +1.49 pp |
| 2009 | 2009-12-31 | 8.13% | +1.78 pp |
| 2008 | 2008-12-31 | 6.34% | — |
Hawaiian Electric Industries quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 22.07% | +14.79 pp |
| Q1 2026 | 2026-03-31 | 7.39% | −0.96 pp |
| Q4 2025 | 2025-12-31 | 8.49% | +1.70 pp |
| Q3 2025 | 2025-09-30 | 6.51% | +24.28 pp |
| Q2 2025 | 2025-06-30 | 7.28% | +219.07 pp |
| Q1 2025 | 2025-03-31 | 8.35% | +1.68 pp |
| Q4 2024 | 2024-12-31 | 6.79% | +5.14 pp |
| Q3 2024 | 2024-09-30 | −17.76% | −26.90 pp |
| Q2 2024 | 2024-06-30 | −211.79% | −223.55 pp |
| Q1 2024 | 2024-03-31 | 6.67% | −4.70 pp |
| Q4 2023 | 2023-12-31 | 1.65% | +2.55 pp |
| Q3 2023 | 2023-09-30 | 9.14% | −1.17 pp |
| Q2 2023 | 2023-06-30 | 11.75% | +1.39 pp |
| Q1 2023 | 2023-03-31 | 11.37% | −2.79 pp |
| Q4 2022 | 2022-12-31 | −0.91% | −13.89 pp |
| Q3 2022 | 2022-09-30 | 10.31% | −3.78 pp |
| Q2 2022 | 2022-06-30 | 10.37% | −6.47 pp |
| Q1 2022 | 2022-03-31 | 14.17% | −3.94 pp |
| Q4 2021 | 2021-12-31 | 12.98% | −5.66 pp |
| Q3 2021 | 2021-09-30 | 14.09% | −4.00 pp |
| Q2 2021 | 2021-06-30 | 16.84% | +5.09 pp |
| Q1 2021 | 2021-03-31 | 18.11% | +9.29 pp |
| Q4 2020 | 2020-12-31 | 18.64% | −2.66 pp |
| Q3 2020 | 2020-09-30 | 18.09% | +5.56 pp |
| Q2 2020 | 2020-06-30 | 11.75% | +1.60 pp |
| Q1 2020 | 2020-03-31 | 8.82% | −2.96 pp |
| Q4 2019 | 2019-12-31 | 21.29% | +4.88 pp |
| Q3 2019 | 2019-09-30 | 12.53% | −0.24 pp |
| Q2 2019 | 2019-06-30 | 10.15% | −1.35 pp |
| Q1 2019 | 2019-03-31 | 11.78% | +0.65 pp |
| Q4 2018 | 2018-12-31 | 16.41% | +3.16 pp |
| Q3 2018 | 2018-09-30 | 12.77% | −3.79 pp |
| Q2 2018 | 2018-06-30 | 11.50% | −0.81 pp |
| Q1 2018 | 2018-03-31 | 11.13% | −0.66 pp |
| Q4 2017 | 2017-12-31 | 13.24% | −2.32 pp |
| Q3 2017 | 2017-09-30 | 16.56% | +0.24 pp |
| Q2 2017 | 2017-06-30 | 12.30% | −2.79 pp |
| Q1 2017 | 2017-03-31 | 11.79% | −0.71 pp |
| Q4 2016 | 2016-12-31 | 15.56% | +2.23 pp |
| Q3 2016 | 2016-09-30 | 16.32% | +2.78 pp |
| Q2 2016 | 2016-06-30 | 15.09% | +3.43 pp |
| Q1 2016 | 2016-03-31 | 12.50% | +1.60 pp |
| Q4 2015 | 2015-12-31 | 13.34% | +4.71 pp |
| Q3 2015 | 2015-09-30 | 13.54% | +2.92 pp |
| Q2 2015 | 2015-06-30 | 11.66% | +1.24 pp |
| Q1 2015 | 2015-03-31 | 10.90% | −0.49 pp |
| Q4 2014 | 2014-12-31 | 8.63% | −1.03 pp |
| Q3 2014 | 2014-09-30 | 10.61% | −0.00 pp |
| Q2 2014 | 2014-06-30 | 10.42% | +0.32 pp |
| Q1 2014 | 2014-03-31 | 11.38% | +2.58 pp |
| Q4 2013 | 2013-12-31 | 9.66% | +5.22 pp |
| Q3 2013 | 2013-09-30 | 10.62% | +0.05 pp |
| Q2 2013 | 2013-06-30 | 10.09% | +0.80 pp |
| Q1 2013 | 2013-03-31 | 8.80% | −0.51 pp |
| Q4 2012 | 2012-12-31 | 4.45% | −3.56 pp |
| Q3 2012 | 2012-09-30 | 10.57% | −0.09 pp |
| Q2 2012 | 2012-06-30 | 9.30% | +1.28 pp |
| Q1 2012 | 2012-03-31 | 9.30% | +0.39 pp |
| Q4 2011 | 2011-12-31 | 8.01% | −0.50 pp |
| Q3 2011 | 2011-09-30 | 10.66% | +0.20 pp |
| Q2 2011 | 2011-06-30 | 8.01% | −1.69 pp |
| Q1 2011 | 2011-03-31 | 8.92% | −0.89 pp |
| Q4 2010 | 2010-12-31 | 8.51% | −2.55 pp |
| Q3 2010 | 2010-09-30 | 10.46% | +3.79 pp |
| Q2 2010 | 2010-06-30 | 9.70% | — |
| Q1 2010 | 2010-03-31 | 9.81% | — |
| Q3 2009 | 2009-09-30 | 11.07% | — |
| Q2 2009 | 2009-06-30 | 6.67% | — |
Hawaiian Electric Industries operating margin trends
Over the last five reported fiscal years, Hawaiian Electric Industries's operating margin decreased from 13.73% to 7.65%, a change of −6.07 percentage points. The latest reported quarter, Q2 2026, shows 22.07%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Hawaiian Electric Industries filings at SEC.gov ↗