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Hawaii's Most Profitable Companies 2012

First Hawaiian Bank is Hawaii's most profitable company and Bank of Hawaii is No. 2, both for the second year in a row

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A look at what fed or ate away at the bottom line

Well-run and innovative companies are usually profitable, while mismanaged and stagnant companies often lose money and go out of business. That’s easy to understand. But equally important are forces outside a company’s control, including energy prices, unemployment and interest rates. How an organization responds to these outside forces makes a huge impact on the bottom line. For this report on Hawaii’s most profitable companies, we dove into financial statements and talked with more than a dozen business leaders to understand how their companies responded to their unique situations, and how that affected their bottom lines.

Profit Rank Top 250 Rank Company Name Net Income/Loss (2011) Profit as % of revenue
1 11 First Hawaiian Bank $209,030,000 30%
2 12 Bank of Hawaii Corp. $160,000,000 25%
3 1 Hawaiian Electric Industries Inc. $138,230,000 4%
4 2 Hawaii Medical Service Association (HMSA) $44,960,000 2%
5 7 Hawaii Pacific Health $44,229,585 5%
6 33 Central Pacific Financial Corp. $42,377,000 24%
7 3 Alexander & Baldwin Inc. $34,200,000 2%
8 8 Queen’s Medical Center $32,725,000 5%
9 18 Hawaiian Telcom $26,155,000 7%
10 98 Xerox Hawaii* $24,000,000 34%
11 87 Hale Koa Hotel* $17,989,600 23%
12 36 First Insurance Co. of Hawaii Ltd. $14,916,000 8%
13 95 Zephyr Insurance Co. Inc. $13,000,000 72%
14 102 Territorial Savings Bank $12,789,000 19%
15 124 Stoebner Holdings Inc.* $12,428,024 24%
16 50 Board of Water Supply $12,394,000 7%
17 111 HawaiiUSA Federal Credit Union $11,600,000 19%
18 38 Kauai Island Utility Cooperative* $9,656,872 5%
19 65 Island Insurance Company, Ltd. $9,347,055 8%
20 160 Hawaii Employers’ Mutual Insurance Co. $8,219,716 24%
21   University Health Alliance (UHA) $7,269,927 5%
22 76 Pacific Guardian Life Insurance $6,986,901 8%
23 199 Wells Fargo Home Mortgage of Hawaii LLC* $6,545,821 30%
24 167 Windward Auto Sales Inc.* $6,082,828 20%
25 128 Hawaii State Federal Credit Union $5,365,634 11%
26 6 Kaiser Permanente Hawaii $4,919,790 0.5%
27 92 Farmers Insurance Hawaii Inc.* $4,287,946 6%
28 213 HawaiianTel Federal Credit Union $4,266,172 20%
29 136 Chaminade University $4,215,000 10%
30 183 Catholic Charities Hawaii* $4,210,000 15%
31 228 HFS Federal Credit Union $3,623,230 16%
32 215 University of Hawaii Federal Credit Union $3,014,135 18%
33 172 Hawaii Foodbank Inc.* $2,987,766 10%
34 208 Hawaiian Insurance And Guaranty Co. Ltd. $1,791,341 48%
35 158 Aloha Pacific Federal Credit Union $1,762,194 8%
36 226 Cyanotech Corp.* $1,730,000 10%
37 195 Triple F Holdings, LLC* $1,500,000 6%
38 139 Pharmacare Hawaii Inc.* $1,400,000 3%
39 237 Kaikor Construction Co. Inc.* $1,390,866 11%
40   Royal State National Insurance $1,327,430 19%
41 127 JBG Corp.* $1,200,000 2%
42 225 Blood Bank of Hawaii* $1,098,065 6%
43 182 Mid-Pacific Institute* $1,064,000 4%
44 119 DTRIC $930,968 3%
45 178 Hawaii National Bank $879,000 3%
46 232 Hawaiian Islands Freight Association* $846,510.41 6%
47 149 Hawaii Auto Group - Cadillac, GMC, Buick, VW of Honolulu* $600,000 2%
48 236 S&M Sakamoto, Inc.* $588,000 4%
49 153 Contract Furnishers of Hawaii Inc. (dba Office Pavilion)* $530,209 1%
50 113 Wasa Electrical Service Inc.* $342,000 1%
51 185 Castle Group, Inc.* $261,000 1%
52 235 Continental Mechanical of the Pacific* $193,000 1%
53 69 Coastal Construction Co. Inc.* $190,000 0.2%
54 223 ML Macadamia Orchards* $90,000 1%
55 22 Kalaeloa Partners L.P.* $38,756 0.01%
56 170 Mina Pharmacy* -$80,000 -0.3%
57 147 Barnwell Industries Inc. -$109,000 -0.3%
58 214 Kamaaina Care Inc. (dba Kamaaina Kids)* -$276,000 -1%
59 181 Kahi Mohala Hospital* -$550,000 -2%
60 174 Kahala Nui* -$942,025 -3%
61   Dongbu Insurance Co. -$1,467,317 -6%
62 231 Maui Land & Pineapple Co. -$1,597,000 -5%
63 210 Finance Factors Ltd. -$1,986,000 -10%
64 4 Hawaiian Airlines Inc. -$2,649,000 -0.2%
65 227 Parker Ranch Foundation Trust* -$3,000,000 -18%
66 46 Hawaii Medical Assurance Association (HMAA) -$4,200,000 -3%
67 30 AlohaCare -$4,273,656 -2%
68 24 Forest City Hawaii* -$11,000,000 -4%
69 159 Hawaii Community Foundation* -$12,630,000 -37%
70 15 Hawaii Health Systems Corp. -$111,809,342 -23%
71 5 University of Hawaii -$132,736,000 -10%

 

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