Hawaiian Electric Industries (HE) Tax Rate (2009 - 2026)
Hawaiian Electric Industries (HE) reported Tax Rate of 25.18% for Q2 2026, down 8.38 percentage points from 33.56% a year earlier but up 4.08 percentage points from the prior quarter.
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Analysis
Hawaiian Electric Industries (HE) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Hawaiian Electric Industries' Tax Rate came in at 23.74%; for FY2025, it came in at 24.35%.
- Tax Rate has a five-year change of +7.35 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 18.94% in FY2023 (-0.33 pp), 19.27% in FY2022 (-0.93 pp) and 20.20% in FY2021 (+3.20 pp).
- Five-year quarterly Tax Rate spans a low of 15.31% in Q3 2023 and a high of 33.56% in Q2 2025.
- Year over year, Tax Rate gained in two of the last four quarters, with an average year-over-year change of -2.52 percentage points.
- The high point for year-over-year Tax Rate in five years was Q4 2021 (a gain of 4.25 percentage points); the low point was Q2 2026 (a drop of 8.38 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 21.10% (Q1 2026), 22.64% (Q4 2025) and 21.85% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 298.11 Bn | 298.11 Bn | 890.00 Mn | - |
| 2 | Nextera Energy | 159.16 Bn | 160.06 Bn | - | - |
| 3 | Southern | 96.40 Bn | 87.46 Bn | 5.92 Bn | 13.60% |
| 4 | Duke Energy | 88.56 Bn | 87.16 Bn | 6.74 Bn | 17.55% |
| 5 | National Grid | 79.03 Bn | 60.56 Bn | - | - |
| 6 | American Electric Power | 65.18 Bn | 63.56 Bn | 3.84 Bn | 6.75% |
| 7 | Dominion Energy | 53.70 Bn | 56.38 Bn | - | 16.49% |
| 8 | Sempra | 51.10 Bn | 50.23 Bn | 2.89 Bn | 22.09% |
| 9 | Entergy | 47.05 Bn | 36.24 Bn | - | 21.26% |
| 10 | Hawaiian Electric Industries | 1.52 Bn | -218.13 Mn | - | 25.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.18% |
| Mar 31, 2026 | 21.10% |
| Dec 31, 2025 | 22.64% |
| Sep 30, 2025 | 21.85% |
| Jun 30, 2025 | 33.56% |
| Mar 31, 2025 | 19.07% |
| Dec 31, 2024 | 21.56% |
| Mar 31, 2024 | 23.88% |
| Sep 30, 2023 | 15.31% |
| Jun 30, 2023 | 20.59% |
| Mar 31, 2023 | 21.49% |
| Sep 30, 2022 | 21.72% |
| Jun 30, 2022 | 19.94% |
| Mar 31, 2022 | 20.39% |
| Dec 31, 2021 | 20.95% |
| Sep 30, 2021 | 18.25% |
| Jun 30, 2021 | 22.42% |
| Mar 31, 2021 | 19.16% |
| Dec 31, 2020 | 16.70% |
| Sep 30, 2020 | 17.63% |
API Access
Hawaiian Electric Industries Tax Rate 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=tax-rate&ticker=HE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=HE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();