At present, Hawaiian Electric Industries reports a gross margin of 11.9%, an operating margin of 10.5%, an EBITDA margin of 21%, and a net margin of 6.5%. Each available margin increased from the same period last year. Net margin recorded the strongest gain, rising by 6 percentage points.
HE margin history
Hawaiian Electric Industries's margins averaged -10.58% gross, -12.87% operating, -2.78% EBITDA, and -11.81% 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 net margin showing the largest gain at 6 percentage points.
HE Gross margin
Hawaiian Electric Industries recorded an average gross margin of -10.58% across the last 3 years. Against its three-year average, Hawaiian Electric Industries's gross margin is currently 11.9%, 22.5 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 -12.87%. The current operating margin stands at 10.5%, 23.4 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 -2.78%. Currently, Hawaiian Electric Industries's current EBITDA margin is 21%, which is 23.8 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 -11.81%. Currently, Hawaiian Electric Industries's current net margin is 6.5%, which is 18.3 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 11.9% is lower than the Utilities sector, the industry and its peers average. Looking at the Utilities sector average of 42.7%, Hawaiian Electric Industries's gross margin is 72% lower.
HE margin peer comparison
Frequently asked questions
What is Hawaiian Electric Industries's gross margin?
For the period ending Sep 30, 2026, HE recorded a gross margin of 11.9%.
What is Hawaiian Electric Industries's operating margin?
The current operating margin for HE is 10.5% as of Sep 30, 2026.
What is Hawaiian Electric Industries's EBITDA margin?
The current EBITDA margin for HE is 21% as of Sep 30, 2026.
What is Hawaiian Electric Industries's net margin?
For the period ending Sep 30, 2026, HE recorded a net margin of 6.5%.
What are the average margins of HE?
Over the past 3 years, HE reported average margins of -10.6% gross, -12.9% operating, -2.8% EBITDA, and -11.8% 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.