Hawaiian Electric Industries (HE) Return on Invested Capital [ROIC] (2010 - 2026)
Hawaiian Electric Industries (HE) reported Return on Invested Capital [ROIC] of 7.57% for Q2 2026, up 6.87 percentage points from 0.70% a year earlier and up 2.90 percentage points from the prior quarter.
Powered by 
Analysis
Hawaiian Electric Industries (HE) Return on Invested Capital [ROIC] (2010 - 2026) Analysis & Trends
For FY2025, Hawaiian Electric Industries posted Return on Invested Capital [ROIC] of 5.32%, up 38.38 percentage points from FY2024.
- Return on Invested Capital [ROIC] has a five-year change of -2.50 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at -33.06% in FY2024 (-39.04 pp), 5.99% in FY2023 (-1.61 pp), 7.59% in FY2022 (-2.85 pp) and 10.44% in FY2021 (+2.62 pp).
- The Q2 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] since Q2 2023.
- Year over year, Return on Invested Capital [ROIC] has now increased in each of the last five quarters, with an average year-over-year change of +4.53 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q3 2025 (a gain of 44.18 percentage points); the low point was Q3 2024 (a drop of 45.75 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 4.67% (Q1 2026), 4.89% (Q4 2025) and 5.28% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 298.11 Bn | 298.11 Bn | 890.00 Mn | - |
| 2 | Nextera Energy | 159.16 Bn | 160.06 Bn | - | 4.94% |
| 3 | Southern | 96.40 Bn | 87.46 Bn | 5.92 Bn | 5.14% |
| 4 | Duke Energy | 88.56 Bn | 87.16 Bn | 6.74 Bn | 5.41% |
| 5 | National Grid | 79.03 Bn | 60.56 Bn | - | - |
| 6 | American Electric Power | 65.18 Bn | 63.56 Bn | 3.84 Bn | 5.55% |
| 7 | Dominion Energy | 53.70 Bn | 56.38 Bn | - | 3.52% |
| 8 | Sempra | 51.10 Bn | 50.23 Bn | 2.89 Bn | 3.27% |
| 9 | Entergy | 47.05 Bn | 36.24 Bn | - | 4.68% |
| 10 | Hawaiian Electric Industries | 1.52 Bn | -218.13 Mn | - | 7.57% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.57% |
| Mar 31, 2026 | 4.67% |
| Dec 31, 2025 | 4.89% |
| Sep 30, 2025 | 5.28% |
| Jun 30, 2025 | 0.70% |
| Mar 31, 2025 | -38.76% |
| Dec 31, 2024 | -38.30% |
| Sep 30, 2024 | -38.90% |
| Jun 30, 2024 | -30.26% |
| Mar 31, 2024 | 4.60% |
| Dec 31, 2023 | 5.01% |
| Sep 30, 2023 | 6.85% |
| Jun 30, 2023 | 10.03% |
| Mar 31, 2023 | 7.37% |
| Dec 31, 2022 | 7.55% |
| Sep 30, 2022 | 12.97% |
| Jun 30, 2022 | 13.36% |
| Mar 31, 2022 | 13.33% |
| Dec 31, 2021 | 10.17% |
| Sep 30, 2021 | 8.22% |
API Access
Hawaiian Electric Industries Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=HE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "HE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=HE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();