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Hawaiian Electric Industries vs OGE Energy

Hawaiian Electric Industries and OGE Energy are similar in size: $3.09bn and $3.26bn of revenue in their latest fiscal years. OGE Energy grew faster (9.2% against -4.1%). OGE Energy kept more of each dollar of sales as profit: a net margin of 14.4% against 4.1%. OGE Energy carries less debt relative to equity (113.7% against 142.3%).

Latest fiscal yearHawaiian Electric IndustriesHE, 2025OGE EnergyOGE, 2025
Revenue $3.09bn $3.26bn
Revenue growth -4.1% 9.2%
Net income $126m $471m
Operating margin 7.6% 24.5%
Net margin 4.1% 14.4%
Return on equity 8.2% 9.8%
Free cash flow $49.9m $82.7m
Cash $502m $200,000
Total debt $2.29bn $5.66bn
Debt to equity 142.3% 113.7%
Dividend per share — $1.69
Dividend yield — 3.4%
Share buybacks — —
Employees — 2,248
Market value $1.45bn $10.26bn
Price vs our value range — —
Moat score 25 (Weak) 55 (Moderate)
Insider trades, 12 months 0 buys, 0 sales 1 buys, 3 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.