Hawaii

Highlights

• #18 of 50: Scale-ups
• #24 of 50: Venture capital
• #28 of 50: Economic output and wealth

The seven inputs

Each input is a z-score against the other states: 0 is the average state, and each step is one standard deviation (capped at ±3). Ranks are among the 50 states.

• Venture capital -0.1 #24 of 50
• Startup formation -0.5 #36 of 50
• Scale-ups +0.2 #18 of 50
• Economic output and wealth -0.3 #28 of 50
• Innovation and patents -0.8 #39 of 50
• Talent -1.6 #49 of 50
• Momentum -0.9 #45 of 50

Top companies

The largest companies headquartered in Hawaii, by latest annual revenue.

1. Matson Inc. MATX · Industrials · Honolulu, HI $3.3B
2. Hawaiian Electric Industries Inc. HE · Utilities · Honolulu, HI $3.1B
3. First Hawaiian Inc. FHB · Financials · Honolulu, HI $881M
4. Bank of Hawaii Corporation BOH · Financials · Honolulu, HI $717M
5. Central Pacific Financial Corp. CPF · Financials · Honolulu, HI $293M

Roots Density Data, All Companies (public: SEC filings; private: Forbes Top Private Companies 2025). Ranked by latest annual revenue.

Metros in Hawaii

• Honolulu, HI #67 of 109 metros 36