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HEICO Corporation(HEI)Earnings, Financials & Key Ratios
HEI•NYSE
68.8× P/E·Price updated Jun 19, 2026
AboutHEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components. This segment also distributes hydraulic, pneumatic, structural, interconnect, mechanical, and electro-mechanical components for the commercial, regional, and general aviation markets; and offers repair and overhaul services for jet engine and aircraft component parts, avionics, instruments, composites, and flight surfaces of commercial aircraft, as well as for avionics and navigation systems, subcomponents, and other instruments utilized on military aircraft. Its Electronic Technologies Group segment provides electro-optical infrared simulation and test equipment; electro-optical laser products; electro-optical, microwave, and other power equipment; electromagnetic and RFI shielding and suppression filters; high-speed interface products; high voltage interconnection devices; high voltage advanced power electronics; power conversion products; and underwater locator beacons and emergency locator transmission beacons. This segment also offers traveling wave tube amplifiers and microwave power modules; three-dimensional microelectronic and stacked memory products; harsh environment connectivity products and custom molded cable assemblies; radio frequency and microwave amplifiers, transmitters, and receivers; communications and electronic intercept receivers and tuners; self-sealing auxiliary fuel systems; active antenna systems; and nuclear radiation detectors. The company serves customers primarily in the aviation, defense, space, medical, telecommunications, and electronics industries. HEICO Corporation was incorporated in 1957 and is headquartered in Hollywood, Florida.Show more
- Revenue$4.49B+16.3%
- EBITDA$1.22B+20.5%
- Net Income$690M+34.3%
- EPS (Diluted)4.90+33.5%
- Gross Margin39.83%-4.7%
- EBITDA Margin27.09%+3.7%
- Operating Margin22.72%+5.1%
- Net Margin15.39%+15.5%
- ROE17.1%+14.6%
HEI Key Insights
HEICO Corporation (HEI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 17.1%
- ✓FCF machine: 19.2% free cash flow margin
- ✓18 consecutive years of dividend growth
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 20.2%
- ✓Good 3Y average ROE of 15.0%
✗Weaknesses
- ✗Expensive at 10.8x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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HEI Price & Volume
HEICO Corporation (HEI) stock price & volume — 10-year historical chart
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HEI Growth Metrics
HEICO Corporation (HEI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years14.2%
5 Years20.21%
3 Years26.64%
TTM18.8%
Profit CAGR
10 Years17.87%
5 Years17.07%
3 Years25.21%
TTM31.38%
EPS CAGR
10 Years17.11%
5 Years16.43%
3 Years24.32%
TTM30.84%
Return on Capital
10 Years14.32%
5 Years13.07%
3 Years13.02%
Last Year13.96%
HEI Recent Earnings
HEICO Corporation (HEI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 27, 2026Metric
Actual
Est
EPS
$1.66+24.8%
$1.33
Rev
$1.4B+10.0%
$1.3B
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$1.35+5.5%
$1.28
Rev
$1.2B+0.9%
$1.2B
Q4 2025
Dec 18, 2025Metric
Actual
Est
EPS
$1.33+9.0%
$1.22
Rev
$1.2B+3.2%
$1.2B
Q3 2025
Aug 25, 2025Metric
Actual
Est
EPS
$1.26+11.5%
$1.13
Rev
$1.1B+2.9%
$1.1B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 27, 2026 | $1.66vs $1.33+24.8% | $1.4Bvs $1.3B+10.0% |
| Q1 2026 | Feb 25, 2026 | $1.35vs $1.28+5.5% | $1.2Bvs $1.2B+0.9% |
| Q4 2025 | Dec 18, 2025 | $1.33vs $1.22+9.0% | $1.2Bvs $1.2B+3.2% |
| Q3 2025 | Aug 25, 2025 | $1.26vs $1.13+11.5% | $1.1Bvs $1.1B+2.9% |
Based on last 12 quarters of dataView full earnings history →
HEI Peer Comparison
HEICO Corporation (HEI) competitors in Aviation Aftermarket and MRO — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 TDG | 75.01B | 1328.31 | 41.41 | 11.22% | 21.59% | |||
 WWD | 25.64B | 430.08 | 59.82 | 7.3% | 12.85% | 20.25% | 0.28 | |
 CW | 28.49B | 771.93 | 59.98 | 12.08% | 14.17% | 19.64% | 0.52 | |
 DRS | 12.29B | 46.08 | 44.74 | 12.8% | 7.85% | 10.79% | 0.17 | |
 SPR | 4.64B | 39.50 | -2.16 | 4.44% | -40.65% | |||
 HXL | 7.36B | 97.63 | 71.26 | -0.48% | 6.09% | 8.35% | 0.79 | |
 KAI | 3.6B | 304.49 | 35.20 | -0.11% | 9.69% | 10.8% | 0.38 | |
 KTOS | 10.17B | 54.21 | 417 | 18.52% | 2.08% | 1.26% | 0.09 |
Compare HEI vs Peers
HEICO Corporation (HEI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HEI Income Statement
HEICO Corporation (HEI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Oct'17 | Oct'18 | Oct'19 | Oct'20 | Oct'21 | Oct'22 | Oct'23 | Oct'24 | Oct'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 1.52B | 1.78B | 2.06B | 1.79B | 1.87B | 2.21B | 2.97B | 3.86B | 4.49B | 4.91B |
Revenue Growth % | 10.79% | 16.59% | 15.63% | -13.07% | 4.4% | 18.37% | 34.41% | 29.97% | 16.26% | 18.8% |
Cost of Goods Sold | 903.62M | 1.03B | 1.18B | 1.04B | 1.07B | 1.27B | 1.72B | 2.24B | 2.7B | 2.94B |
COGS % of Revenue | 59.26% | 57.91% | 57.17% | 58.16% | 57.32% | 57.49% | 57.91% | 58.19% | 60.17% | - |
Gross Profit | 621.2M▲ 0% | 748.16M▲ 20.4% | 880.47M▲ 17.7% | 747.69M▼ 15.1% | 796.3M▲ 6.5% | 938.82M▲ 17.9% | 1.25B▲ 33.1% | 1.61B▲ 29.1% | 1.79B▲ 10.8% | 1.97B▲ 0% |
Gross Margin % | 40.74% | 42.09% | 42.83% | 41.84% | 42.68% | 42.51% | 42.09% | 41.81% | 39.83% | 40.06% |
Gross Profit Growth % | 10.88% | 20.44% | 17.68% | -15.08% | 6.5% | 17.9% | 33.07% | 29.12% | 10.75% | - |
Operating Expenses | 313.44M | 373.19M | 420.63M | 370.44M | 401.42M | 450.87M | 601.67M | 778.7M | 767.47M | 813.11M |
OpEx % of Revenue | 20.56% | 20.99% | 20.46% | 20.73% | 21.52% | 20.42% | 20.27% | 20.19% | 17.11% | - |
Selling, General & Admin | 266.97M | 315.74M | 354M | 304.88M | 332.55M | 374.81M | 505.9M | 667.43M | 767.47M | 813.11M |
SG&A % of Revenue | 17.51% | 17.76% | 17.22% | 17.06% | 17.82% | 16.97% | 17.04% | 17.3% | 17.11% | - |
Research & Development | 46.47M | 57.45M | 66.63M | 65.56M | 68.88M | 76.06M | 95.77M | 111.27M | 0 | 31.93M |
R&D % of Revenue | 3.05% | 3.23% | 3.24% | 3.67% | 3.69% | 3.44% | 3.23% | 2.88% | - | - |
Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K |
Operating Income | 307.76M▲ 0% | 374.97M▲ 21.8% | 459.83M▲ 22.6% | 377.25M▼ 18.0% | 394.88M▲ 4.7% | 487.95M▲ 23.6% | 647.59M▲ 32.7% | 834.29M▲ 28.8% | 1.02B▲ 22.1% | 1.15B▲ 0% |
Operating Margin % | 20.18% | 21.09% | 22.37% | 21.11% | 21.17% | 22.1% | 21.82% | 21.63% | 22.72% | 23.5% |
Operating Income Growth % | 14.66% | 21.84% | 22.63% | -17.96% | 4.67% | 23.57% | 32.72% | 28.83% | 22.14% | - |
EBITDA | 371.86M | 451.07M | 542.43M | 464.95M | 486.78M | 583.25M | 776.09M | 1.01B | 1.22B | 1.36B |
EBITDA Margin % | 24.39% | 25.37% | 26.39% | 26.02% | 26.09% | 26.41% | 26.15% | 26.13% | 27.09% | 27.75% |
EBITDA Growth % | 13.33% | 21.3% | 20.25% | -14.28% | 4.69% | 19.82% | 33.06% | 29.88% | 20.54% | 22.07% |
D&A (Non-Cash Add-back) | 64.1M | 76.1M | 82.6M | 87.7M | 91.9M | 95.3M | 128.5M | 173.7M | 196.08M | 208.62M |
EBIT | 307.75M | 376.19M | 459.54M | 378.01M | 394.34M | 497.41M | 628.27M | 826.9M | 1.02B | 1.16B |
Net Interest Income | -9.79M | -19.9M | -21.7M | -13.16M | -7.29M | -6.39M | -72.98M | -149.31M | -129.88M | -128.2M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 9.79M | 19.9M | 21.7M | 13.16M | 7.29M | 6.39M | 72.98M | 149.31M | 129.88M | 128.2M |
Other Income/Expense | -9.8M | -18.69M | -21.99M | -12.39M | -7.82M | 3.07M | -92.31M | -156.71M | -125.44M | -123.03M |
Pretax Income | 297.96M▲ 0% | 356.29M▲ 19.6% | 437.84M▲ 22.9% | 364.86M▼ 16.7% | 387.06M▲ 6.1% | 491.02M▲ 26.9% | 555.28M▲ 13.1% | 677.59M▲ 22.0% | 893.55M▲ 31.9% | 1.03B▲ 0% |
Pretax Margin % | 19.54% | 20.04% | 21.3% | 20.42% | 20.75% | 22.24% | 18.71% | 17.56% | 19.92% | 21% |
Income Tax | 90.3M | 70.6M | 78.1M | 29M | 57.3M | 100.4M | 110.9M | 118.5M | 148M | 182.8M |
Effective Tax Rate % | 30.31% | 19.82% | 17.84% | 7.95% | 14.8% | 20.45% | 19.97% | 17.49% | 16.56% | 17.72% |
Net Income | 185.99M▲ 0% | 259.23M▲ 39.4% | 327.9M▲ 26.5% | 313.98M▼ 4.2% | 304.22M▼ 3.1% | 351.68M▲ 15.6% | 403.6M▲ 14.8% | 514.11M▲ 27.4% | 690.38M▲ 34.3% | 789.63M▲ 0% |
Net Margin % | 12.2% | 14.58% | 15.95% | 17.57% | 16.31% | 15.93% | 13.6% | 13.33% | 15.39% | 16.08% |
Net Income Growth % | 19.07% | 39.38% | 26.49% | -4.24% | -3.11% | 15.6% | 14.76% | 27.38% | 34.29% | 31.38% |
Net Income (Continuing) | 207.66M | 285.69M | 359.74M | 335.86M | 329.76M | 390.62M | 444.38M | 559.09M | 745.55M | 848.55M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 218.34M | 236.8M | 216.38M | 251.64M | 286.45M | 369.77M | 47.16M | 60.53M | 73.86M | 619.51M |
EPS (Diluted) | 1.37▲ 0% | 1.90▲ 38.7% | 2.39▲ 25.8% | 2.29▼ 4.2% | 2.21▼ 3.5% | 2.55▲ 15.4% | 2.91▲ 14.1% | 3.67▲ 26.1% | 4.90▲ 33.5% | 5.60▲ 0% |
EPS Growth % | 17.09% | 38.69% | 25.79% | -4.18% | -3.49% | 15.38% | 14.12% | 26.12% | 33.52% | 30.84% |
EPS (Basic) | 1.41 | 1.96 | 2.45 | 2.33 | 2.25 | 2.59 | 2.94 | 3.71 | 4.97 | - |
Diluted Shares Outstanding | 135.59M | 136.7M | 137.35M | 137.3M | 137.85M | 138.04M | 138.91M | 140.2M | 140.77M | 141.05M |
Basic Shares Outstanding | 131.7M | 132.54M | 133.64M | 134.75M | 135.33M | 136.01M | 137.19M | 138.46M | 139.05M | 139.46M |
Dividend Payout Ratio | 6.89% | 5.93% | 5.7% | 6.86% | 7.56% | 6.96% | 6.78% | 5.65% | 4.63% | - |
HEI Balance Sheet
HEICO Corporation (HEI) balance sheet — assets, liabilities & shareholders' equity
| Metric | Oct'17 | Oct'18 | Oct'19 | Oct'20 | Oct'21 | Oct'22 | Oct'23 | Oct'24 | Oct'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 631.89M | 733.81M | 813.73M | 1.17B | 937.38M | 1.15B | 1.86B | 2.06B | 2.36B | 2.64B |
Cash & Short-Term Investments | 52.07M | 59.6M | 57M | 406.85M | 108.3M | 139.5M | 171.05M | 162.1M | 217.78M | 210.34M |
Cash Only | 52.07M | 59.6M | 57M | 406.85M | 108.3M | 139.5M | 171.05M | 162.1M | 217.78M | 210.34M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 222.46M | 251.47M | 317.46M | 270.86M | 324.99M | 388.83M | 620.78M | 650.72M | 756.87M | 866.54M |
Days Sales Outstanding | 53.25 | 51.63 | 56.37 | 55.32 | 63.58 | 64.27 | 76.34 | 61.57 | 61.6 | 55.85 |
Inventory | 343.63M | 401.55M | 420.32M | 463.2M | 478.05M | 582.47M | 1.01B | 1.17B | 1.3B | 1.41B |
Days Inventory Outstanding | 138.8 | 142.36 | 130.55 | 162.67 | 163.17 | 167.47 | 215.26 | 190.4 | 175.2 | 165.98 |
Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 49.84M | 78.52M | 86.38M | 149.07M |
Total Non-Current Assets | 1.88B | 1.92B | 2.16B | 2.38B | 2.56B | 2.94B | 5.34B | 5.53B | 6.14B | 6.96B |
Property, Plant & Equipment | 129.88M | 154.74M | 173.34M | 168.85M | 193.64M | 225.88M | 321.85M | 339.03M | 431.71M | 462.83M |
Fixed Asset Turnover | 11.74x | 11.49x | 11.86x | 10.58x | 9.63x | 9.78x | 9.22x | 11.38x | 10.39x | 11.03x |
Goodwill | 1.08B | 1.11B | 1.27B | 1.38B | 1.45B | 1.67B | 3.27B | 3.38B | 3.66B | 4.2B |
Intangible Assets | 538.08M | 506.36M | 550.69M | 579.04M | 582.31M | 733.33M | 1.36B | 1.33B | 1.47B | 1.72B |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 131.27M | 143.66M | 162.74M | 251.03M | 334.68M | 311.13M | 386.26M | 476.43M | 579.29M | 580.36M |
Total Assets | 2.51B▲ 0% | 2.65B▲ 5.6% | 2.97B▲ 11.9% | 3.55B▲ 19.5% | 3.5B▼ 1.4% | 4.1B▲ 17.1% | 7.2B▲ 75.7% | 7.59B▲ 5.5% | 8.5B▲ 12.0% | 9.59B▲ 0% |
Asset Turnover | 0.61x | 0.67x | 0.69x | 0.50x | 0.53x | 0.54x | 0.41x | 0.51x | 0.53x | 0.55x |
Asset Growth % | 23.19% | 5.61% | 11.9% | 19.48% | -1.39% | 17.07% | 75.68% | 5.53% | 11.95% | 60.05% |
Total Current Liabilities | 249.44M | 282.43M | 289.14M | 241.16M | 294.88M | 420.86M | 665.34M | 663.85M | 832M | 903.58M |
Accounts Payable | 89.72M | 107.22M | 106.22M | 76.24M | 85.54M | 116.55M | 205.89M | 198.43M | 231.04M | 293.74M |
Days Payables Outstanding | 36.24 | 38.01 | 32.99 | 26.77 | 29.2 | 33.51 | 43.72 | 32.27 | 31.25 | 30.89 |
Short-Term Debt | 451K | 859K | 906K | 1.04M | 1.51M | 1.65M | 17.8M | 4.11M | 3.36M | 3.4M |
Deferred Revenue (Current) | 29.25M | 28.26M | 23.81M | 25.63M | 32.74M | 58.76M | 87.56M | 83.9M | 79.53M | 314.32M |
Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 28.85M | 37.3M | 8.44M | 184.43M | 461.94M |
Current Ratio | 2.53x | 2.60x | 2.81x | 4.83x | 3.18x | 2.74x | 2.79x | 3.11x | 2.83x | 2.92x |
Quick Ratio | 1.16x | 1.18x | 1.36x | 2.91x | 1.56x | 1.35x | 1.27x | 1.34x | 1.28x | 1.36x |
Cash Conversion Cycle | 155.81 | 155.98 | 153.92 | 191.22 | 197.55 | 198.23 | 247.87 | 219.71 | 205.55 | 190.95 |
Total Non-Current Liabilities | 883.58M | 735.91M | 797.15M | 1.07B | 654M | 698.73M | 3.34B | 3.23B | 3.29B | 3.3B |
Long-Term Debt | 673.53M | 531.61M | 561.05M | 738.79M | 234.98M | 288.62M | 2.46B | 2.23B | 2.16B | 2.58B |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Tax Liabilities | 59.03M | 46.64M | 51.5M | 55.66M | 40.76M | 71.16M | 131.85M | 114.16M | 107.19M | 546.92M |
Other Non-Current Liabilities | 151.03M | 157.66M | 184.6M | 280.29M | 378.26M | 338.95M | 744.45M | 892.14M | 1.02B | 548.59M |
Total Liabilities | 1.13B | 1.02B | 1.09B | 1.32B | 948.88M | 1.12B | 4B | 3.9B | 4.12B | 4.2B |
Total Debt | 673.98M | 532.47M | 561.96M | 754.01M | 250.37M | 304.93M | 2.5B | 2.25B | 2.19B | 2.59B |
Net Debt | 621.91M | 472.87M | 504.95M | 347.16M | 142.07M | 165.43M | 2.33B | 2.09B | 1.98B | 2.38B |
Debt / Equity | 0.49x | 0.33x | 0.30x | 0.34x | 0.10x | 0.10x | 0.78x | 0.61x | 0.50x | 0.48x |
Debt / EBITDA | 1.81x | 1.18x | 1.04x | 1.62x | 0.51x | 0.52x | 3.22x | 2.23x | 1.81x | 1.90x |
Net Debt / EBITDA | 1.67x | 1.05x | 0.93x | 0.75x | 0.29x | 0.28x | 3.00x | 2.07x | 1.63x | 1.74x |
Interest Coverage | 31.44x | 18.90x | 21.18x | 28.73x | 54.13x | 77.89x | 8.61x | 5.54x | 7.88x | 9.04x |
Total Equity | 1.38B▲ 0% | 1.64B▲ 18.5% | 1.88B▲ 15.2% | 2.23B▲ 18.5% | 2.55B▲ 14.2% | 2.98B▲ 16.7% | 3.19B▲ 7.3% | 3.7B▲ 15.8% | 4.38B▲ 18.4% | 5.39B▲ 0% |
Equity Growth % | 20.24% | 18.53% | 15.16% | 18.53% | 14.24% | 16.72% | 7.3% | 15.79% | 18.44% | 76.59% |
Book Value per Share | 10.17 | 11.96 | 13.71 | 16.25 | 18.49 | 21.56 | 22.99 | 26.37 | 31.11 | 38.22 |
Total Shareholders' Equity | 1.16B | 1.4B | 1.67B | 1.98B | 2.26B | 2.61B | 3.15B | 3.64B | 4.31B | 4.77B |
Common Stock | 845K | 1.33M | 1.34M | 1.35M | 1.35M | 1.37M | 1.38M | 1.39M | 1.39M | 1.4M |
Retained Earnings | 844.25M | 1.09B | 1.4B | 1.69B | 1.95B | 2.25B | 2.61B | 3.06B | 3.65B | 4.03B |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -10.56M | -15.26M | -16.74M | -9.15M | -8.55M | -46.5M | -40.18M | -26.08M | 5.58M | 7.47M |
Minority Interest | 218.34M | 236.8M | 216.38M | 251.64M | 286.45M | 369.77M | 47.16M | 60.53M | 73.86M | 619.51M |
HEI Cash Flow Statement
HEICO Corporation (HEI) cash flow — operating, investing & free cash flow history
| Metric | Oct'17 | Oct'18 | Oct'19 | Oct'20 | Oct'21 | Oct'22 | Oct'23 | Oct'24 | Oct'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 274.88M | 328.49M | 437.38M | 409.13M | 444.08M | 467.86M | 448.74M | 672.37M | 934.27M | 997.11M |
Operating CF Margin % | 18.03% | 18.48% | 21.28% | 22.89% | 23.8% | 21.19% | 15.12% | 17.43% | 20.83% | - |
Operating CF Growth % | 10.31% | 19.5% | 33.15% | -6.46% | 8.54% | 5.35% | -4.09% | 49.84% | 38.95% | 82.29% |
Net Income | 207.66M | 285.69M | 359.74M | 335.86M | 329.76M | 390.62M | 444.38M | 559.09M | 745.55M | 789.63M |
Depreciation & Amortization | 64.82M | 77.19M | 83.5M | 88.56M | 93.02M | 96.33M | 130.04M | 175.33M | 196.08M | 208.62M |
Stock-Based Compensation | 7.42M | 9.28M | 10.33M | 10.13M | 9.06M | 12.65M | 15.47M | 18.77M | 34.38M | 30.19M |
Deferred Taxes | -11.1M | -12.98M | -6.39M | -6M | -15.63M | 8.88M | -26.53M | -22M | -48.56M | -18.82M |
Other Non-Cash Items | 10.62M | 8.32M | 9.54M | 14.28M | 13.58M | 5.38M | -10.79M | 62.55M | 31.17M | 37.9M |
Working Capital Changes | 8.87M | -39.02M | -19.34M | -33.71M | 14.3M | -46M | -103.85M | -121.37M | -24.35M | -94.84M |
Change in Receivables | 2.85M | -28.57M | -17.39M | 55.12M | -26.92M | -33.42M | -77.24M | -19.52M | -82.09M | -100.84M |
Change in Inventory | -21.2M | -49.45M | -30.08M | -28.32M | -10.12M | -89.19M | -124.78M | -132.93M | -44.85M | -39.18M |
Change in Payables | 6.39M | 17.4M | -3.85M | -30.33M | 6.91M | 25.57M | 10.97M | -9.82M | 27.59M | 48.35M |
Cash from Investing | -444.81M | -113.51M | -280.65M | -199.04M | -183.45M | -395.83M | -2.48B | -293.2M | -731.69M | -1.24B |
Capital Expenditures | -26M | -41.87M | -28.94M | -22.94M | -36.18M | -31.98M | -49.43M | -58.26M | -72.89M | -71.13M |
CapEx % of Revenue | 1.7% | 2.36% | 1.41% | 1.28% | 1.94% | 1.45% | 1.67% | 1.51% | 1.63% | 1.45% |
Acquisitions | -418.26M | -59.77M | -240.84M | -163.94M | -136.5M | -347.31M | -2.42B | -219.29M | -629.83M | -1.16B |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | -552K | -365K | 2.83M | 3.74M | -10.77M | -16.54M | -13.24M | -15.65M | -49.42M | -6.02M |
Cash from Financing | 175.87M | -207.53M | -159.72M | 137.74M | -558.97M | -33.83M | 2.07B | -389.39M | -150.68M | 211.95M |
Debt Issued (Net) | 213.12M | -148M | 30M | 177M | -505M | 50M | 2.16B | -248.92M | -55M | 707M |
Equity Issued (Net) | 0 | 0 | 0 | 0 | 1.55M | -23.59M | -8.13M | -21.96M | -9.17M | -14.52M |
Dividends Paid | -12.81M | -15.36M | -18.69M | -21.55M | -23M | -24.47M | -27.37M | -29.07M | -31.97M | -33.42M |
Share Repurchases | 0 | 0 | 0 | 0 | -3.79M | -25.95M | -14.85M | -29.91M | -22.39M | -25.78M |
Other Financing | -24.44M | -44.17M | -171.03M | -17.7M | -32.52M | -35.77M | -62.31M | -89.44M | -54.53M | -447.12M |
Net Change in Cash | 9.11M▲ 0% | 7.53M▼ 17.3% | -2.6M▼ 134.5% | 349.85M▲ 13566.2% | -298.55M▼ 185.3% | 31.21M▲ 110.5% | 31.54M▲ 1.1% | -8.95M▼ 128.4% | 55.68M▲ 722.4% | -31.97M▲ 0% |
Free Cash Flow | 248.89M▲ 0% | 286.62M▲ 15.2% | 408.44M▲ 42.5% | 386.19M▼ 5.4% | 407.9M▲ 5.6% | 435.87M▲ 6.9% | 399.3M▼ 8.4% | 614.11M▲ 53.8% | 861.38M▲ 40.3% | 925.97M▲ 0% |
FCF Margin % | 16.32% | 16.12% | 19.87% | 21.61% | 21.86% | 19.74% | 13.45% | 15.92% | 19.21% | 18.85% |
FCF Growth % | 14% | 15.16% | 42.5% | -5.45% | 5.62% | 6.86% | -8.39% | 53.8% | 40.27% | 21.51% |
FCF per Share | 1.84 | 2.10 | 2.97 | 2.81 | 2.96 | 3.16 | 2.87 | 4.38 | 6.12 | 6.56 |
FCF Conversion (FCF/Net Income) | 1.48x | 1.27x | 1.33x | 1.30x | 1.46x | 1.33x | 1.11x | 1.31x | 1.35x | 1.17x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 6.04M | 54.14M | 148.9M | 0 | 0 |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 81M | 138.67M | 114.85M | 0 | 0 |
HEI Key Ratios
HEICO Corporation (HEI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 14.72% | 17.2% | 18.64% | 15.26% | 12.73% | 12.73% | 13.08% | 14.92% | 17.1% | 16.23% |
Return on Invested Capital (ROIC) | 12.95% | 13.69% | 15.34% | 11.39% | 11.24% | 12.55% | 11.21% | 11.07% | 12.59% | 12.26% |
Gross Margin | 40.74% | 42.09% | 42.83% | 41.84% | 42.68% | 42.51% | 42.09% | 41.81% | 39.83% | 40.06% |
Net Margin | 12.2% | 14.58% | 15.95% | 17.57% | 16.31% | 15.93% | 13.6% | 13.33% | 15.39% | 16.08% |
Debt / Equity | 0.49x | 0.33x | 0.30x | 0.34x | 0.10x | 0.10x | 0.78x | 0.61x | 0.50x | 0.48x |
Interest Coverage | 31.44x | 18.90x | 21.18x | 28.73x | 54.13x | 77.89x | 8.61x | 5.54x | 7.88x | 9.04x |
FCF Conversion | 1.48x | 1.27x | 1.33x | 1.30x | 1.46x | 1.33x | 1.11x | 1.31x | 1.35x | 1.17x |
Revenue Growth | 10.79% | 16.59% | 15.63% | -13.07% | 4.4% | 18.37% | 34.41% | 29.97% | 16.26% | 18.8% |
Related:HEI Dividend History·HEI Revenue History·HEI Price History·HEI P/E History·HEI Financial Ratios·HEI Institutional Holders
HEI SEC Filings & Documents
HEICO Corporation (HEI) SEC filings — annual & quarterly reports (10-K, 10-Q)
HEI Frequently Asked Questions
HEICO Corporation (HEI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
HEICO Corporation (HEI) reported $4.91B in revenue for fiscal year 2025. This represents a 14095% increase from $34.6M in 1996.
HEICO Corporation (HEI) grew revenue by 16.3% over the past year. This is strong growth.
Yes, HEICO Corporation (HEI) is profitable, generating $789.6M in net income for fiscal year 2025 (15.4% net margin).
Dividend & Returns
HEICO Corporation (HEI) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.
HEICO Corporation (HEI) has a return on equity (ROE) of 17.1%. This is reasonable for most industries.
HEICO Corporation (HEI) generated $926.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.