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HEIHEICO Corporation
$332.65$46.3B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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HEI logo

HEICO Corporation

HEI
NYSE · Aircraft & Aerospace Parts
$332.65
At close - Nov 6, 4:00 PM EST - USD
Market Cap$46.34B
P/E55.4x
52W High$376.86
Volume315.71K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Aerospace Recovery Drives Accelerating Growth and Margin Expansion

HEICO is experiencing a robust aerospace recovery, with revenue growth accelerating to 23.1% in Q3 2026 and operating margins expanding to 25.1%, driven by strong pricing power and disciplined cost management.

GrowthAccelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsNeutral
Explore valuation models
MARKET ACTION

HEI price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

+122% Peers

P/E is 122% above peer median

03

Market leadership

RS 73 · Avg

Average momentum (RS Rating: 73)

04

Trend Check

N/A

Trend data unavailable

Next CatalystConfirmed earnings · Dec 17
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth has accelerated to 23.1% year-over-year in Q3 2026, while operating margins have expanded to 25.1%, demonstrating strong operating leverage and pricing power.

Analyst Consensus+18.7% target
Buy(36 analysts)
22 Buy14 Hold0 Sell

The Bull Case

Upside Catalysts

Niche market dominance

HEICO has established a strong position in specialized aerospace, industrial, defense, and electronics sectors.

Disciplined acquisition strategy

The company's prudent capital allocation and strategic acquisitions have driven growth and earnings momentum.

Resilient earnings performance

HEICO has demonstrated strong and consistent earnings growth, supporting stock appreciation.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
HEI+1.09%
S&P 500 (^GSPC)+7.63%
1-Year Return
HEI+4.83%
S&P 500 (^GSPC)+9.69%
3-Year Return
HEI+104.87%
S&P 500 (^GSPC)+71.67%
5-Year Return
HEI+126.45%
S&P 500 (^GSPC)+59.53%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
55.4x
Forward P/EExpansion
52.5x
EV/EBITDA20th %ile
33.0x
FCF YieldCash Flow
2.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
55.4x
63.8x
20th· Low
EV/EBITDA
33.0x
38.4x
20th· Low
Price/FCF
45.0x
51.9x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$95.43-71.3%
Base (Fair)$191.12-42.5%
Bull$222.22-33.2%
$95.43 Bear$191.12 Base$222.22 Bull
Current Market Price: $332.65
Trades at a 74.1% premium to Base DCF ($191.12)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$4.49B+16.3% YoY
Net income FY25
$690M+34.3% YoY
Free cash flow FY25
$861M+40.3% YoY
Operating margin FY25
22.7%+1.1 pts YoY
ROIC (FY25)12.6%
Avg ROIC 5Y11.7%
ROE (TTM)16.6%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 25, 2026
$1.67+9.9%
vs $1.52
$1.4B+4.2%
vs $1.4B
Q2 2026
May 27, 2026
$1.66+24.8%
vs $1.33
$1.4B+10.0%
vs $1.3B
Q1 2026
Feb 25, 2026
$1.35+5.5%
vs $1.28
$1.2B+0.9%
vs $1.2B
Q4 2025
Dec 18, 2025
$1.33+9.0%
vs $1.22
$1.2B+3.2%
vs $1.2B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Business Wire·1d ago
HEI Reports Third Quarter 2026 Results

HONOLULU--(BUSINESS WIRE)--HEI Reports Third Quarter 2026 Results.

Zacks Investment Research·4d ago
Are Aerospace Stocks Lagging Heico (HEI) This Year?

Here is how Heico Corporation (HEI) and Lockheed Martin (LMT) have performed compared to their sector so far this year.

Zacks Investment Research·4d ago
4 Defense Stocks Poised to Beat Expectations This Earnings Season

Here are four defense stocks that are expected to post an earnings beat this reporting cycle.

Zacks Investment Research·Oct 30, 2026
Heico Corporation (HEI) Crossed Above the 50-Day Moving Average: What That Means for Investors

Heico Corporation (HEI) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, HEI broke through the 50-day moving average, which suggests a short-term bullish trend.

Filtered for HEICO CorporationMore Headlines
04

Compare before deciding

Benchmark HEI against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for HEICO Corporation (HEI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
HEI logoHEIHEICO CorporationCurrent
$332.65$46.34B55.4316.26%16.38%16.57%0.07%
TDG logoTDGTransDigm Group Incorporated
$1197.01$66.95B32.2711.23%21.28%—13.82%
WWD logoWWDWoodward, Inc.
$317.31$18.91B35.257.3%13.17%21.75%0.33%
CW logoCWCurtiss-Wright Corporation
$463.47$17.12B30.7612.08%14.86%21.16%0.2%
DRS logoDRSLeonardo DRS, Inc.
$34.04$9.08B25.0212.8%9.4%13.04%1.05%
HXL logoHXLHexcel Corporation
$80.40$6.08B35.96-0.48%8.53%13.35%0.84%

Compare HEI vs Peers

HEICO Corporation (HEI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TDG

Most directly comparable listed peer for HEI.

Scale Benchmark

vs GE

Larger-name benchmark to compare HEI against a more recognizable public peer.

Peer Set

Compare Top 5

vs TDG, WWD, CW, DRS

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

HEI SEC Filings & Documents

HEICO Corporation (HEI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 25, 2026·SEC

Material company update

May 27, 2026·SEC

Material company update

Mar 17, 2026·SEC

10-K Annual Reports

3
FY 2025

Dec 22, 2025·SEC

FY 2024

Dec 19, 2024·SEC

FY 2023

Dec 20, 2023·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 27, 2026·SEC

FY 2026

May 29, 2026·SEC

FY 2026

Feb 27, 2026·SEC

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HEI Frequently Asked Questions

HEICO Corporation (HEI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is HEICO Corporation's revenue?

HEICO Corporation (HEI) reported $5.18B in revenue over the trailing twelve months. Revenue was $4.49B in fiscal year 2025. That is 12863% more than the $34.6M of fiscal year 1996.

How fast is HEICO Corporation growing?

HEICO Corporation (HEI) grew revenue by 20.7% over the trailing twelve months, compared with the twelve months before.

Is HEI profitable?

Yes. HEICO Corporation (HEI) earned $847.7M in net income over the trailing twelve months (a 16.4% net margin).

Dividend & Returns
Does HEI pay dividends?

HEICO Corporation (HEI) does not currently pay a meaningful dividend.

What is HEI's return on equity?

HEICO Corporation (HEI) had a return on equity (ROE) of 16.6% over the trailing twelve months. That is above the market's typical 10-15%.

What is HEICO Corporation's free cash flow?

HEICO Corporation (HEI) generated $1.03B in free cash flow over the trailing twelve months.

What if you invested $1,000 in HEI back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →