HEICO Corporation(HEI)Earnings, Financials & Key Ratios

HEI•NYSE

$296.38

$24.95B mkt cap·60.5× P/E·Price updated May 6, 2026

SectorIndustrials IndustryAerospace & Defense Sub-IndustryAviation Aftermarket and MRO

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%
ROIC12.59%+13.7%
Debt/Equity0.50-17.8%
Interest Coverage7.85+40.4%

Analysis→Technical→

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
✓10 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

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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%

TTM16.08%

Profit CAGR

10 Years17.87%

5 Years17.07%

3 Years25.21%

TTM25.6%

EPS CAGR

10 Years17.11%

5 Years16.43%

3 Years24.32%

TTM25.25%

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

Full history →

●Beat EPS 11/12 qtrs (92%)●Beat Revenue 8/12 qtrs (67%)

Q1 2026Latest

Feb 25, 2026

EPS

$1.35

Est $1.28

+5.5%

Revenue

$1.2B

Est $1.2B

+0.9%

Q4 2025

Dec 18, 2025

EPS

$1.33

Est $1.22

+9.0%

Revenue

$1.2B

Est $1.2B

+3.2%

Q3 2025

Aug 25, 2025

EPS

$1.26

Est $1.13

+11.5%

Revenue

$1.1B

Est $1.1B

+2.9%

Q2 2025

May 27, 2025

EPS

$1.12

Est $1.03

+8.7%

Revenue

$1.1B

Est $1.1B

+3.6%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	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%
Q2 2025	May 27, 2025	$1.12vs $1.03+8.7%	$1.1Bvs $1.1B+3.6%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
TDGTransDigm Group IncorporatedDirect Competitor	69.67B	1233.64	38.46	11.22%	21.59%
WWDWoodward, Inc.Direct Competitor	22.8B	382.42	53.19	7.3%	12.85%	20.25%	0.28
CWCurtiss-Wright CorporationDirect Competitor	27.41B	742.62	57.70	12.08%	13.84%	18.74%	0.52
DRSLeonardo DRS, Inc.Direct Competitor	11.11B	41.79	40.57	12.8%	7.85%	10.79%	0.17
SPRSpirit AeroSystems Holdings, Inc.Product Competitor	4.64B	39.50	-2.16	4.44%	-40.65%
HXLHexcel CorporationProduct Competitor	7.28B	96.50	70.44	-0.48%	6.09%	8.35%	0.79
KAIKadant Inc.Product Competitor	3.87B	327.52	37.86	-0.11%	9.69%	10.8%	0.38
KTOSKratos Defense & Security Solutions, Inc.Product Competitor	11.53B	61.52	473.23	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.

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

HEI Income Statement

HEICO Corporation (HEI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	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	4.63B
Revenue Growth %	10.79%	16.59%	15.63%	-13.07%	4.4%	18.37%	34.41%	29.97%	16.26%	16.08%
Cost of Goods Sold	903.62M	1.03B	1.18B	1.04B	1.07B	1.27B	1.72B	2.24B	2.7B	2.05B
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%	1.41B▲ 0%
Gross Margin %	40.74%	42.09%	42.83%	41.84%	42.68%	42.51%	42.09%	41.81%	39.83%	30.42%
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	808.64M
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	779.9M
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	60.67M
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%	1.06B▲ 0%
Operating Margin %	20.18%	21.09%	22.37%	21.11%	21.17%	22.1%	21.82%	21.63%	22.72%	22.79%
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	1.21B
EBITDA Margin %	24.39%	25.37%	26.39%	26.02%	26.09%	26.41%	26.15%	26.13%	27.09%	26.02%
EBITDA Growth %	13.33%	21.3%	20.25%	-14.28%	4.69%	19.82%	33.06%	29.88%	20.54%	13.62%
D&A (Non-Cash Add-back)	64.1M	76.1M	82.6M	87.7M	91.9M	95.3M	128.5M	173.7M	196.08M	149.85M
EBIT	307.75M	376.19M	459.54M	378.01M	394.34M	497.41M	628.27M	826.9M	1.02B	1.06B
Net Interest Income	-9.79M	-19.9M	-21.7M	-13.16M	-7.29M	-6.39M	-72.98M	-149.31M	-129.88M	-126.91M
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	126.91M
Other Income/Expense	-9.8M	-18.69M	-21.99M	-12.39M	-7.82M	3.07M	-92.31M	-156.71M	-125.44M	-140.69M
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%	915.18M▲ 0%
Pretax Margin %	19.54%	20.04%	21.3%	20.42%	20.75%	22.24%	18.71%	17.56%	19.92%	19.75%
Income Tax	90.3M	70.6M	78.1M	29M	57.3M	100.4M	110.9M	118.5M	148M	161M
Effective Tax Rate %	30.31%	19.82%	17.84%	7.95%	14.8%	20.45%	19.97%	17.49%	16.56%	17.59%
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%	712.62M▲ 0%
Net Margin %	12.2%	14.58%	15.95%	17.57%	16.31%	15.93%	13.6%	13.33%	15.39%	15.38%
Net Income Growth %	19.07%	39.38%	26.49%	-4.24%	-3.11%	15.6%	14.76%	27.38%	34.29%	25.6%
Net Income (Continuing)	207.66M	285.69M	359.74M	335.86M	329.76M	390.62M	444.38M	559.09M	745.55M	754.18M
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	464.58M
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%	5.05▲ 0%
EPS Growth %	17.09%	38.69%	25.79%	-4.18%	-3.49%	15.38%	14.12%	26.12%	33.52%	25.25%
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	141.03M
Basic Shares Outstanding	131.7M	132.54M	133.64M	134.75M	135.33M	136.01M	137.19M	138.46M	139.05M	139.37M
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

Line item	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	2.48B
Cash & Short-Term Investments	52.07M	59.6M	57M	406.85M	108.3M	139.5M	171.05M	162.1M	217.78M	260.97M
Cash Only	52.07M	59.6M	57M	406.85M	108.3M	139.5M	171.05M	162.1M	217.78M	260.97M
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	652.02M
Days Sales Outstanding	53.25	51.63	56.37	55.32	63.58	64.27	76.34	61.57	61.6	56.24
Inventory	343.63M	401.55M	420.32M	463.2M	478.05M	582.47M	1.01B	1.17B	1.3B	1.34B
Days Inventory Outstanding	138.8	142.36	130.55	162.67	163.17	167.47	215.26	190.4	175.2	231.49
Other Current Assets	0	0	0	0	0	0	49.84M	78.52M	86.38M	228.2M
Total Non-Current Assets	1.88B	1.92B	2.16B	2.38B	2.56B	2.94B	5.34B	5.53B	6.14B	6.56B
Property, Plant & Equipment	129.88M	154.74M	173.34M	168.85M	193.64M	225.88M	321.85M	339.03M	431.71M	448.99M
Fixed Asset Turnover	11.74x	11.49x	11.86x	10.58x	9.63x	9.78x	9.22x	11.38x	10.39x	11.05x
Goodwill	1.08B	1.11B	1.27B	1.38B	1.45B	1.67B	3.27B	3.38B	3.66B	3.91B
Intangible Assets	538.08M	506.36M	550.69M	579.04M	582.31M	733.33M	1.36B	1.33B	1.47B	1.64B
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	2.18B
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%	9.04B▲ 0%
Asset Turnover	0.61x	0.67x	0.69x	0.50x	0.53x	0.54x	0.41x	0.51x	0.53x	0.54x
Asset Growth %	23.19%	5.61%	11.9%	19.48%	-1.39%	17.07%	75.68%	5.53%	11.95%	51.37%
Total Current Liabilities	249.44M	282.43M	289.14M	241.16M	294.88M	420.86M	665.34M	663.85M	832M	346.02M
Accounts Payable	89.72M	107.22M	106.22M	76.24M	85.54M	116.55M	205.89M	198.43M	231.04M	0
Days Payables Outstanding	36.24	38.01	32.99	26.77	29.2	33.51	43.72	32.27	31.25	30.88
Short-Term Debt	451K	859K	906K	1.04M	1.51M	1.65M	17.8M	4.11M	3.36M	0
Deferred Revenue (Current)	29.25M	28.26M	23.81M	25.63M	32.74M	58.76M	87.56M	83.9M	79.53M	79.53M
Other Current Liabilities	0	0	0	0	0	28.85M	37.3M	8.44M	184.43M	346.02M
Current Ratio	2.53x	2.60x	2.81x	4.83x	3.18x	2.74x	2.79x	3.11x	2.83x	2.83x
Quick Ratio	1.16x	1.18x	1.36x	2.91x	1.56x	1.35x	1.27x	1.34x	1.28x	1.28x
Cash Conversion Cycle	155.81	155.98	153.92	191.22	197.55	198.23	247.87	219.71	205.55	256.85
Total Non-Current Liabilities	883.58M	735.91M	797.15M	1.07B	654M	698.73M	3.34B	3.23B	3.29B	3.19B
Long-Term Debt	673.53M	531.61M	561.05M	738.79M	234.98M	288.62M	2.46B	2.23B	2.16B	0
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	482.74M
Other Non-Current Liabilities	151.03M	157.66M	184.6M	280.29M	378.26M	338.95M	744.45M	892.14M	1.02B	5.06B
Total Liabilities	1.13B	1.02B	1.09B	1.32B	948.88M	1.12B	4B	3.9B	4.12B	3.53B
Total Debt	673.98M	532.47M	561.96M	754.01M	250.37M	304.93M	2.5B	2.25B	2.19B	0
Net Debt	621.91M	472.87M	504.95M	347.16M	142.07M	165.43M	2.33B	2.09B	1.98B	-260.97M
Debt / Equity	0.49x	0.33x	0.30x	0.34x	0.10x	0.10x	0.78x	0.61x	0.50x	0.50x
Debt / EBITDA	1.81x	1.18x	1.04x	1.62x	0.51x	0.52x	3.22x	2.23x	1.81x	0.00x
Net Debt / EBITDA	1.67x	1.05x	0.93x	0.75x	0.29x	0.28x	3.00x	2.07x	1.63x	1.63x
Interest Coverage	31.44x	18.84x	21.20x	28.67x	54.20x	76.41x	8.87x	5.59x	7.85x	8.32x
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%	5.51B▲ 0%
Equity Growth %	20.24%	18.53%	15.16%	18.53%	14.24%	16.72%	7.3%	15.79%	18.44%	84.33%
Book Value per Share	10.17	11.96	13.71	16.25	18.49	21.56	22.99	26.37	31.11	39.07
Total Shareholders' Equity	1.16B	1.4B	1.67B	1.98B	2.26B	2.61B	3.15B	3.64B	4.31B	5.05B
Common Stock	845K	1.33M	1.34M	1.35M	1.35M	1.37M	1.38M	1.39M	1.39M	0
Retained Earnings	844.25M	1.09B	1.4B	1.69B	1.95B	2.25B	2.61B	3.06B	3.65B	0
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	0
Minority Interest	218.34M	236.8M	216.38M	251.64M	286.45M	369.77M	47.16M	60.53M	73.86M	464.58M

HEI Cash Flow Statement

HEICO Corporation (HEI) cash flow — operating, investing & free cash flow history

Line item	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	934.27M
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%	84.68%
Net Income	207.66M	285.69M	359.74M	335.86M	329.76M	390.62M	444.38M	559.09M	745.55M	712.62M
Depreciation & Amortization	64.82M	77.19M	83.5M	88.56M	93.02M	96.33M	130.04M	175.33M	196.08M	200.86M
Stock-Based Compensation	7.42M	9.28M	10.33M	10.13M	9.06M	12.65M	15.47M	18.77M	34.38M	24.97M
Deferred Taxes	-11.1M	-12.98M	-6.39M	-6M	-15.63M	8.88M	-26.53M	-22M	-48.56M	-34.03M
Other Non-Cash Items	10.62M	8.32M	9.54M	14.28M	13.58M	5.38M	-10.79M	62.55M	31.17M	-15.35M
Working Capital Changes	8.87M	-39.02M	-19.34M	-33.71M	14.3M	-46M	-103.85M	-121.37M	-24.35M	-6.3M
Change in Receivables	2.85M	-28.57M	-17.39M	55.12M	-26.92M	-33.42M	-77.24M	-19.52M	-82.09M	-101.46M
Change in Inventory	-21.2M	-49.45M	-30.08M	-28.32M	-10.12M	-89.19M	-124.78M	-132.93M	-44.85M	-25.74M
Change in Payables	6.39M	17.4M	-3.85M	-30.33M	6.91M	25.57M	10.97M	-9.82M	0	18.53M
Cash from Investing	-444.81M	-113.51M	-280.65M	-199.04M	-183.45M	-395.83M	-2.48B	-293.2M	-731.69M	-890.66M
Capital Expenditures	-26M	-41.87M	-28.94M	-22.94M	-36.18M	-31.98M	-49.43M	-58.26M	-72.89M	-69.05M
CapEx % of Revenue	1.7%	2.36%	1.41%	1.28%	1.94%	1.45%	1.67%	1.51%	1.63%	-
Acquisitions	-418.26M	-59.77M	-240.84M	-163.94M	-136.5M	-347.31M	-2.42B	-219.29M	-629.83M	-816.46M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-552K	-365K	2.83M	3.74M	-10.77M	-16.54M	-13.24M	-15.65M	-49.42M	214K
Cash from Financing	175.87M	-207.53M	-159.72M	137.74M	-558.97M	-33.83M	2.07B	-389.39M	-150.68M	68.19M
Debt Issued (Net)	213.12M	-148M	30M	177M	-505M	50M	2.16B	-248.92M	-55M	315M
Equity Issued (Net)	0	0	0	0	1000K	-1000K	-1000K	-1000K	-1000K	1000K
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	-22.29M
Other Financing	-24.44M	-44.17M	-171.03M	-17.7M	-32.52M	-35.77M	-62.31M	-89.44M	-54.53M	-202.72M
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%	95.5M▲ 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%	840.78M▲ 0%
FCF Margin %	16.32%	16.12%	19.87%	21.61%	21.86%	19.74%	13.45%	15.92%	19.21%	18.15%
FCF Growth %	14%	15.16%	42.5%	-5.45%	5.62%	6.86%	-8.39%	53.8%	40.27%	19.85%
FCF per Share	1.84	2.10	2.97	2.81	2.96	3.16	2.87	4.38	6.12	6.12
FCF Conversion (FCF/Net Income)	1.48x	1.27x	1.33x	1.30x	1.46x	1.33x	1.11x	1.31x	1.35x	1.18x
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%	12.93%
Return on Invested Capital (ROIC)	12.95%	13.69%	15.34%	11.39%	11.24%	12.55%	11.21%	11.07%	12.59%	12.59%
Gross Margin	40.74%	42.09%	42.83%	41.84%	42.68%	42.51%	42.09%	41.81%	39.83%	30.42%
Net Margin	12.2%	14.58%	15.95%	17.57%	16.31%	15.93%	13.6%	13.33%	15.39%	15.38%
Debt / Equity	0.49x	0.33x	0.30x	0.34x	0.10x	0.10x	0.78x	0.61x	0.50x	0.50x
Interest Coverage	31.44x	18.84x	21.20x	28.67x	54.20x	76.41x	8.87x	5.59x	7.85x	8.32x
FCF Conversion	1.48x	1.27x	1.33x	1.30x	1.46x	1.33x	1.11x	1.31x	1.35x	1.18x
Revenue Growth	10.79%	16.59%	15.63%	-13.07%	4.4%	18.37%	34.41%	29.97%	16.26%	16.08%

HEI SEC Filings & Documents

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

8-K Announcements

Material company update

Mar 17, 2026·SEC

Material company update

Feb 25, 2026·SEC

Material company update

Dec 22, 2025·SEC

10-K Annual Reports

FY 2025

Dec 22, 2025·SEC

FY 2024

Dec 19, 2024·SEC

FY 2023

Dec 20, 2023·SEC

10-Q Quarterly Reports

FY 2026

Feb 27, 2026·SEC

FY 2025

Aug 27, 2025·SEC

FY 2025

May 29, 2025·SEC

HEI Frequently Asked Questions

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

Growth & Financials

HEICO Corporation (HEI) reported $4.63B in revenue for fiscal year 2025. This represents a 13291% 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 $712.6M 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 $840.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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