Hawaii’s Most Profitable Companies
Welcome to Hawaii Business Magazine’s Most Profitable Companies list, the only compilation of net profit performance in the state.
Each year, when we survey companies for the Top 250 list (published in the August issue), we ask them to also provide net profit – the capital left after all operating expenses, taxes, interest and, in some cases, stock dividends are paid.
Only some companies choose to self-report the figures to us. HB researchers also comb through public records to uncover the net profit or loss for some of Hawaii’s largest organizations. These public records include: annual investor reports, filings with the federal Securities and Exchange Commission and federal tax forms 990.
This is far from a complete list, but we thought it worthwhile to share the information that we were able to collect, because profit is an essential part of an economy that aims to grow, attract capital and innovate.
Businesses that self-reported were asked to use generally accepted accounting principles for their industries in calculating net profits or losses for 2016. If questions about GAAP arose, we relied on the expertise of the accounting firm Accuity LLP.
| Profit Rank | Top 250 Rank | Company name | Gross Annual Sales (2016) | Net Profit/Loss (2016) | Profit as % of Revenue |
|---|---|---|---|---|---|
| 1 | 3 | Hawaiian Electric Industries, Inc. | $2,380,654,000 | $248,256,000 | 10% |
| 2 | 2 | Hawaiian Holdings, Inc. | $2,450,580,000 | $235,432,000 | 10% |
| 3 | 12 | First Hawaiian Bank | $736,121,000 | $230,178,000 | 31% |
| 4 | 15 | Bank of Hawaii Corp. | $655,243,000 | $181,461,000 | 28% |
| 5 | 27 | Alexander & Baldwin, Inc. | $387,500,000 | $84,700,000 | 22% |
| 6 | 37 | Honolulu Board of Water Supply | $238,696,328 | $54,984,000 | 23% |
| 7 | 43 | Central Pacific Financial Corp. | $200,266,000 | $46,992,000 | 23% |
| 8 | 130 | Maui Land & Pineapple Co. Inc. | $47,000,000 | $22,000,000 | 47% |
| 9 | 101 | Territorial Savings Bank | $69,858,000 | $16,347,000 | 23% |
| 10 | 158 | Cyanotech Corp. | $31,840,000 | $11,866,000 | 37% |
| 11 | 110 | HawaiiUSA Federal Credit Union | $62,062,000 | $11,855,394 | 19% |
| 12 | 57 | The Hawaii Group, Inc. | $143,348,308 | $11,469,092 | 8% |
| 13 | 8 | Kaiser Permanente Hawaii | $1,473,900,940 | $7,951,367 | 1% |
| 14 | 96 | Hawaii Employers’ Mutual Insurance Co. Inc. | $76,550,248 | $7,238,766 | 9% |
| 15 | 56 | Kaua‘i Island Utility Cooperative | $143,498,563 | $6,596,917 | 5% |
| 16 | 139 | Aqua Engineers Inc. | $41,200,000 | $5,900,000 | 14% |
| 17 | 181 | Alternate Energy Inc. | $25,000,000 | $5,500,000 | 22% |
| 18 | 229 | Hawaii Central Federal Credit Union | $10,180,188 | $4,568,562 | 45% |
| 19 | 115 | Hawaii State Federal Credit Union | $55,500,970 | $3,649,639 | 7% |
| 20 | 31 | UHA Health Insurance (University Health Alliance) | $272,657,234 | $3,630,081 | 1% |
| 21 | 212 | USS Missouri Memorial Association | $16,532,100 | $3,586,500 | 22% |
| 22 | 94 | Pflueger Group | $78,217,577 | $3,510,899 | 4% |
| 23 | 198 | Finance Factors Ltd. | $20,377,367 | $3,348,630 | 16% |
| 24 | 159 | Native Hawaiian Veterans LLC | $31,839,289 | $2,965,485 | 9% |
| 25 | 168 | Aloha Pacific Federal Credit Union | $29,192,325 | $2,912,241 | 10% |
| 26 | 118 | Bacon-Universal Co. Inc. | $53,533,000 | $2,502,000 | 5% |
| 27 | 186 | Hawaiian Tel Federal Credit Union | $23,315,614 | $2,482,313 | 11% |
| 28 | 216 | University of Hawaii Federal Credit Union | $15,708,504 | $2,395,043 | 15% |
| 29 | 202 | Kauai Community Federal Credit Union | $18,945,647 | $2,025,768 | 11% |
| 30 | 160 | Honolulu Builders, LLC | $31,782,903 | $2,001,970 | 6% |
| 31 | 207 | Pohai Nani Retirement Community | $17,307,285 | $1,785,770 | 10% |
| 32 | 228 | CU Hawaii Federal Credit Union | $10,275,829 | $1,758,232 | 17% |
| 33 | 230 | Maui County Federal Credit Union | $9,167,301 | $1,375,063 | 15% |
| 34 | 91 | Pharmacare Hawaii Inc. | $83,000,000 | $1,300,000 | 2% |
| 35 | 220 | Hawaiian Islands Freight Association | $14,688,645 | $1,087,828 | 7% |
| 36 | 226 | Bishop & Company, Inc. | $11,452,960 | $1,063,145 | 9% |
| 37 | 45 | Hawaii Medical Assurance Association (HMAA) | $185,302,000 | $1,026,000 | 1% |
| 38 | 206 | Hickam Federal Credit Union | $17,474,517 | $817,285 | 5% |
| 39 | 213 | Hawaii Community Federal Credit Union | $16,379,851 | $804,841 | 5% |
| 40 | 179 | Kamaaina Kids | $25,580,000 | $650,000 | 3% |
| 41 | 152 | Haleakala Solar Inc. | $33,500,000 | $612,000 | 2% |
| 42 | 199 | HFS Federal Credit Union | $20,072,023 | $590,951 | 3% |
| 43 | 221 | Tanaka Of Tokyo Restaurants Ltd. | $13,363,150 | $488,215 | 4% |
| 44 | 234 | Honolulu Federal Credit Union | $7,751,364 | $486,345 | 5% |
| 45 | 245 | Hawaii First Federal Credit Union | $3,019,800 | $459,313 | 15% |
| 46 | 238 | Kauai Government Employees Federal Credit Union | $5,668,802 | $383,746 | 7% |
| 47 | 225 | Employers Options | $12,355,627 | $349,342 | 3% |
| 48 | 227 | Pearl Hawaii Federal Credit Union | $10,900,000 | $323,637 | 3% |
| 49 | 237 | Hawaii Law Enforcement Federal Credit Union | $5,915,754 | $227,449 | 4% |
| 50 | 243 | Big Island Federal Credit Union | $3,992,993 | $212,754 | 5% |
| 51 | 248 | Hawaii County Employees Federal Credit Union | $2,484,271 | $205,012 | 8% |
| 52 | 246 | Garden Island Federal Credit Union | $2,878,197 | $131,130 | 5% |
| 53 | 236 | Graham Builders, Inc. | $6,000,000 | $97,000 | 2% |
| 54 | 157 | Hawaii Foodbank Inc. | $32,106,560 | $75,280 | 0% |
| 55 | 183 | Parents And Children Together | $24,076,654 | -$103,901 | 0% |
| 56 | 222 | Barnwell Industries, Inc. | $13,287,000 | -$2,864,000 | -22% |
| 57 | 131 | University of Hawaii Foundation | $46,639,862 | -$12,492,593 | -27% |
| 58 | 5 | Par Hawaii | $1,655,000,000 | -$45,000,000 | -3% |
| 59 | 16 | Hawaii Health Systems Corp. | $642,883,682 | -$139,395,026 | -22% |
Hawaii Business does not assume any liability for the absolute correctness of the information.
