The Filing Desk

Hawaiian Electric Industries vs Idacorp

Hawaiian Electric Industries HE · Idacorp IDA · Electric Utilities

Hawaiian Electric Industries reported revenue of $3.1 billion in fiscal 2025, 1.8 times Idacorp's $1.7 billion in fiscal 2025. Hawaiian Electric Industries' revenue fell 4.1% in its latest year, and Idacorp's fell 1.2%. Hawaiian Electric Industries had an operating margin of 7.6%, against 20.3% at Idacorp. Free cash flow was $50 million at Hawaiian Electric Industries and −$577 million at Idacorp.

Side by side

Hawaiian Electric IndustriesIdacorp
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$3.1B$1.7B
Revenue growth−4.1%−1.2%
Revenue growth a year, last 5 years3.7%6.3%
Gross margin——
Operating margin7.6%20.3%
Net margin4.1%18.5%
Free cash flow$50M−$577M
Free cash flow margin1.6%−33.1%
Return on capital5.2%5.5%
Net debt to EBITDA3.3x5.5x
Dividends and buybacks$0M$192M
Change in diluted share count36.3%4.2%
Last close$8.21$140.21
P/E at the last close6.3×23.8×
Insider trades, last 12 months—sold $963,477
Piotroski F-score5 of 85 of 8
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Hawaiian Electric IndustriesIdacorp
Operating margin
Percent of revenue
Hawaiian Electric IndustriesIdacorp
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Hawaiian Electric IndustriesIdacorp

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Hawaiian Electric Industries and Idacorp pages.