Flagship explainer

What drives HAWAIIAN ELECTRIC INDUSTRIES, INC.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity8%Tax burden76%net income ÷ pretax incomeInterest burden71%pretax ÷ operating incomeOperating margin8%operating income ÷ revenueAsset turnover0.34×revenue ÷ average assetsEquity multiplier5.79×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$126MFY2025
Income before tax$167MFY2025
Operating income$235MFY2025
$3.1BFY2025
Ending assets$8.9BFY2025
Beginning assets$8.9BFY2024
$1.6BFY2025
$1.5BFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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