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Algonquin Power & Utilities vs Hawaiian Electric Industries

Hawaiian Electric Industries is the larger business, with $3.09bn of revenue in fiscal 2025 against $2.43bn for Algonquin Power & Utilities (1.3 times as much). Algonquin Power & Utilities grew faster (4.9% against -4.1%). Algonquin Power & Utilities kept more of each dollar of sales as profit: a net margin of 7.4% against 4.1%. Hawaiian Electric Industries carries less debt relative to equity (142.3% against 182.3%).

Latest fiscal yearAlgonquin Power & UtilitiesAQN, 2025Hawaiian Electric IndustriesHE, 2025
Revenue $2.43bn $3.09bn
Revenue growth 4.9% -4.1%
Net income $181m $126m
Operating margin 20.7% 7.6%
Net margin 7.4% 4.1%
Return on equity 3.9% 8.2%
Free cash flow −$178m $49.9m
Cash $32.7m $502m
Total debt $8.46bn $2.29bn
Debt to equity 182.3% 142.3%
Dividend per share — —
Dividend yield 4.7% —
Share buybacks — —
Employees — —
Market value $4.26bn $1.45bn
Price vs our value range — —
Moat score — 25 (Weak)
Insider trades, 12 months 0 buys, 0 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.