At present, Hawaiian Electric Industries reports a gross margin of 13.2%, an operating margin of 11.5%, an EBITDA margin of 22.3%, and a net margin of 6.8%. Each available margin increased from the same period last year. EBITDA margin recorded the strongest gain, rising by 13 percentage points.
HE margin history
Hawaiian Electric Industries's margins averaged -12.63% gross, -14.99% operating, -4.95% EBITDA, and -13.47% net during the last 3 years. Currently all four current margins are above their three-year averages.
HE margin expansion
Year over year, gross, operating, EBITDA, and net margins all increased, with EBITDA margin showing the largest gain at 13 percentage points.
HE Gross margin
Hawaiian Electric Industries recorded an average gross margin of -12.63% across the last 3 years. Against its three-year average, Hawaiian Electric Industries's gross margin is currently 13.2%, 25.8 percentage points above its three-year average. Looking back over the last 3 years, Hawaiian Electric Industries's gross margin reached 13.2% at its highest point in Jun 2026 and -55.4% at its lowest in Sep 2024.
HE Operating margin
Across the last 3 years, Hawaiian Electric Industries's operating margin stood at -14.99%. The current operating margin stands at 11.5%, 26.5 percentage points above its three-year average. Operating margin was highest at 11.5% in Jun 2026 and lowest at -58.6% in Sep 2024.
HE EBITDA margin
Over the last 3 years, Hawaiian Electric Industries's EBITDA margin averaged -4.95%. Currently, Hawaiian Electric Industries's current EBITDA margin is 22.3%, which is 27.3 percentage points above its three-year average. During this period, EBITDA margin reached a high of 22.3% in Jun 2026 and a low of -47% in Sep 2024.
HE Net margin
Over the last 3 years, Hawaiian Electric Industries's net margin averaged -13.47%. Currently, Hawaiian Electric Industries's current net margin is 6.8%, which is 20.3 percentage points above its three-year average. During this period, net margin reached a high of 6.8% in Jun 2026 and a low of -45.4% in Mar 2025.
HE margin group comparison
Hawaiian Electric Industries's gross margin of 13.2% is lower than the Utilities sector, the industry and its peers average. Looking at the Utilities sector average of 42.8%, Hawaiian Electric Industries's gross margin is 69% lower.
HE margin peer comparison
Frequently asked questions
What is Hawaiian Electric Industries's gross margin?
For the period ending Jun 30, 2026, HE recorded a gross margin of 13.2%.
What is Hawaiian Electric Industries's operating margin?
The current operating margin for HE is 11.5% as of Jun 30, 2026.
What is Hawaiian Electric Industries's EBITDA margin?
The current EBITDA margin for HE is 22.3% as of Jun 30, 2026.
What is Hawaiian Electric Industries's net margin?
For the period ending Jun 30, 2026, HE recorded a net margin of 6.8%.
What are the average margins of HE?
Over the past 3 years, HE reported average margins of -12.6% gross, -15.0% operating, -5.0% EBITDA, and -13.5% net.
What are the highest historical margins of HE?
Within the 5-year period, HE recorded its highest margins at 14.5% gross in Dec 2021, 13.5% operating in Dec 2021, 24% EBITDA in Dec 2021, and 8.7% net in Dec 2021.
What are the lowest historical margins of HE?
Looking back across 5 years, HE reached its lowest margins at -55.4% gross in Sep 2024, -58.6% operating in Sep 2024, -47% EBITDA in Sep 2024, and -45.4% net in Mar 2025.