12 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 3.7% per year over the past 5 years.
Net income has grown faster than revenue (8.3% vs 3.7% per year).
Free cash flow has grown 11.5% per year over the past 5 years.
Shareholder returns
Dividends have been paid for 10 consecutive years, consuming 47.4% of earnings and 43.2% of free cash flow.
The dividend has declined 0.6% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$881M
$276M
0.0%
0.0%
$303M
—
$1.5B
2024
$809M
$230M
0.0%
0.0%
$289M
—
$1.2B
2023
$837M
$235M
0.0%
0.0%
$239M
—
$1.7B
2022
$793M
$266M
0.0%
0.0%
$417M
$75M
$527M
2021
$715M
$266M
0.0%
0.0%
$397M
—
$1.3B
2020
$733M
$186M
0.0%
0.0%
$176M
—
$1.0B
2019
$766M
$284M
0.0%
0.0%
$267M
—
$694M
2018
$745M
$264M
0.0%
0.0%
$316M
—
$1.0B
2017
—
$184M
—
—
$260M
—
—
2016
—
$230M
—
—
$205M
—
—
2015
—
$214M
—
—
$123M
—
—
2014
—
$217M
—
—
—
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$220M
$68M
0.0%
0.0%
$155M
—
$1.7B
Dec '25
$226M
$70M
0.0%
0.0%
$100M
—
$1.5B
Sep '25
$226M
$74M
0.0%
0.0%
$50M
—
$1.9B
Jun '25
$218M
$73M
0.0%
0.0%
$125M
—
$1.4B
Mar '25
$211M
$59M
0.0%
0.0%
$29M
—
$1.3B
Dec '24
$188M
$52M
0.0%
0.0%
$102M
—
$1.2B
Sep '24
$210M
$61M
0.0%
0.0%
$52M
—
$1.1B
Jun '24
$205M
$62M
0.0%
0.0%
$72M
—
$1.1B
Mar '24
$206M
$54M
0.0%
0.0%
$62M
—
$1.3B
Dec '23
$210M
$48M
0.0%
0.0%
$34M
—
$1.7B
Sep '23
$203M
$58M
0.0%
0.0%
$22M
—
$1.2B
Jun '23
$207M
$62M
0.0%
0.0%
$102M
$500M
$558M
Mar '23
$216M
$67M
0.0%
0.0%
$81M
$750M
$866M
Dec '22
$220M
$80M
0.0%
0.0%
$106M
$75M
$527M
Sep '22
$209M
$69M
0.0%
0.0%
$151M
—
$949M
Jun '22
$189M
$59M
0.0%
0.0%
$96M
—
$1.5B
Mar '22
$175M
$58M
0.0%
0.0%
$64M
—
$1.6B
Dec '21
$179M
$57M
0.0%
0.0%
$115M
—
$1.3B
Sep '21
$183M
$64M
0.0%
0.0%
$43M
—
$2.4B
Jun '21
$181M
$87M
0.0%
0.0%
$88M
—
$1.9B
Valuation over time
How the market has priced FHB against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 9.4× (Mar '23) to 12.9× (Jun '26).
The price-to-sales ratio has risen from 3.2× (Mar '23) to 4.0× (Jun '26).
The dividend yield has fallen from 5.3% (Mar '23) to 3.7% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is FHB growing its revenue and profit?
Over the past 5 years, First Hawaiian, Inc.'s revenue has grown 3.7% per year, and net income grown 8.3% per year. These are computed facts, not advice.
How much debt does FHB have?
As of FY2025, First Hawaiian, Inc. reported — of total debt against $1.5B of cash.
What is FHB's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 31.4%.
What is FHB's P/E ratio?
As of Jun '26, First Hawaiian, Inc. traded at a price-to-earnings ratio of about 12.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.