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Heico Corp. (HEI)

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Heico Corp. (HEI) reported revenue of $1.4 billion for Q3 FY2026, the quarter ended 31 July 2026, up 23.1% on the same quarter a year earlier. Net income was $235 million, up 32.8% on the year, and diluted earnings per share $1.67. The figures are the company's own, from the 10-Q it filed with the SEC on 27 August 2026.

Revenue$1.4 billionup 23.1%
Net income$235 millionup 32.8%
Diluted EPS$1.67
QuarterQ3 FY2026ended 31 July 2026

Heico (HEI) in brief

Heico (HEI) reported revenue of $4.5 billion for fiscal 2025, the year ended 31 October 2025, up 16.3% on the year before.
Read moreNet income was $690 million and diluted earnings per share $4.90. Revenue was $3.9 billion in fiscal 2024, $3.0 billion in fiscal 2023, $2.2 billion in fiscal 2022 and $1.9 billion in fiscal 2021. Net income in the same years was $514 million, $404 million, $352 million and $304 million. Over the twelve months to 31 July 2026, Heico reported revenue of $5.2 billion and net income of $848 million. Revenue grew 20.2% a year, compounded, over the five years to fiscal 2025. Heico declared $0.23 a share in dividends over the last four quarters and had 55 million shares outstanding at the latest filed count. At 31 July 2026 it carried $2.5 billion of debt and $241 million of cash. At the close of 27 October 2026 the market cap of Heico was $17.0 billion, 51.4 times its earnings over the last twelve months.

Ratios

From the filings

ROE17.1%
ROCE16.6%
Operating margin24.0%
Net margin16.4%
FCF margin19.9%
Interest cover9.40
Debt to equity0.51
Cash conversion1.31
Share count, last 12 months0.4%
Sales CAGR, 3 years26.6%
Profit CAGR, 3 years25.2%
EPS, TTM$6.01

At the close of 27 October 2026

Price$308.85
Market cap$17.0 billion
Stock P/E51.39
Price to book3.44
EV / EBITDA13.21
Dividend yield0.1%
Market cap / sales3.29
52-week high$374.67
52-week low$260.99
Price, 1 year-2.3%
Price CAGR, 3 years25.2%
Price CAGR, 5 years17.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the one borrowings figure Heico Corp. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.
HEIgreeksoup.ai
Daily prices to 27 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on HEI

Dividends$0.23 a share in FY2025
Filings17 in twelve months: 8 current reports (8-K), about 4 results of operations; 2 material agreement; 1 new financial obligation; 1 regulation FD disclosure; 1 other events
Planned insider sales2 Form 144 notices in twelve months, $477,094; latest 2 June 2026
Options tapeput/call 0.57 by open interest at the 27 October 2026 close; the straddle prices a 6.2% move to 20 November 2026
13F holders779 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading2 sales and 9 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest3.7 million shares short, 8.67 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue5094905395706106216887239368969559921,0141,0301,0981,1481,2091,1791,3761,413
Cost of revenue305300328349369377421444572550584603620625660690724724806832
Gross profit204190211221240244267279364347372389394406438457486455570581
Gross margin40%39%39%39%39%39%39%39%39%39%39%39%39%39%40%40%40%39%41%41%
R&D16.718.418.818.720.320.222.925.427.325.127.929.828.527.628.731.932.731.936.436.1
SG&A89.591.488.592.293.9114109129175167163173175179190192207195219226
Operating income11598.8123129146129157149189180209216219227248265279260350355
Operating margin23%20%23%23%24%21%23%21%20%20%22%22%22%22%23%23%23%22%25%25%
Interest expense1.00.81.01.43.26.111.412.143.438.638.536.835.432.532.931.732.929.534.235.9
Pre-tax income11398.3122127143124146138147142171180184195216235247231318321
Tax rate19%4%24%27%23%17%21%18%23%12%21%18%18%7%21%19%18%12%21%21%
Net income86.186.985.082.597.293.0105102103115123137140168157177188190234235
Net margin17%18%16%14%16%15%15%14%11%13%13%14%14%16%14%15%16%16%17%17%
Diluted EPS$0.63$0.63$0.62$0.60$0.70$0.67$0.76$0.74$0.74$0.82$0.88$0.97$1.00$1.20$1.12$1.26$1.33$1.35$1.66$1.67
Operating cash flow11078.096.814914476.777.8146148112141214206203205231295179292345
Capital expenditure6.18.77.58.17.610.811.112.315.313.412.915.816.117.316.012.726.813.518.122.6
Free cash flow10469.389.314113665.866.713413398.3128198190186189218268165274323
Dividends paid0.012.20.012.20.013.70.013.70.013.80.015.20.015.30.016.70.016.70.018.2
Shares outstanding54mn/a55m55m55mn/a55m55m55mn/a55m55m55mn/an/a55m55mn/an/an/a
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 18 fiscal years and the trailing twelve months

FY2008FY2009FY2010FY2011FY2012FY2013FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue5825386177658971,0091,1321,1891,3761,5251,7782,0561,7871,8662,2082,9683,8584,4855,177
Cost of revenue3723573954905706387347548619501,0871,2421,1051,1381,3461,8152,3562,6993,085
Gross profit2101812222743273713984345155756918146827278631,1531,5021,7862,091
Gross margin36.1%33.6%36.0%35.9%36.5%36.8%35.2%36.5%37.5%37.7%38.9%39.6%38.2%39.0%39.1%38.9%38.9%39.8%40.4%
Research and developmentn/a19.722.725.430.432.937.438.744.746.557.566.665.668.976.195.8111121137
Selling, general and administrative10592.8113136164188195205250268314357305335366528677767847
Operating income10688.31091381631842032302653073764573773934976258241,0191,245
Operating margin18.2%16.4%17.7%18.1%18.2%18.2%18.0%19.3%19.3%20.1%21.2%22.2%21.1%21.1%22.5%21.1%21.4%22.7%24.0%
Interest expense2.30.60.50.12.43.75.44.68.39.819.921.713.27.36.43.8149130132
Pre-tax income10387.81091381611811992252572983564383653874915556788941,117
Income tax35.528.036.742.954.556.259.871.480.990.370.678.129.057.3100111118148205
Effective tax rate34.5%31.9%33.7%31.0%33.8%31.1%30.1%31.7%31.5%30.3%19.8%17.8%7.9%14.8%20.4%20.0%17.5%16.6%18.3%
Net income48.544.654.972.885.1102121133156186259328314304352404514690848
Net margin8.3%8.3%8.9%9.5%9.5%10.2%10.7%11.2%11.3%12.2%14.6%16.0%17.6%16.3%15.9%13.6%13.3%15.4%16.4%
Diluted EPS$0.37$0.35$0.42$0.56$0.66$0.78$0.92$1.01$1.17$1.37$1.90$2.39$2.29$2.21$2.55$2.91$3.67$4.90$6.01
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Flight Support Group1,7702,6393,11768.8%
Electronic Technologies Group1,2251,2641,41331.2%
Corporate Segment0.00.00.0n/a
Flight Support GroupElectronic Technologies Group
2,995FY20233,903FY20244,530FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2023 to FY2025

The operating profit each segment reports. Costs Heico does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2023FY2024FY2025Margin
FY2025
Flight Support Group38759375024.1%
Electronic Technologies Group28528832523.0%
Corporate Segment-46.7-53.8-53.3n/a
Flight Support GroupElectronic Technologies GroupCorporate Segment
626FY2023827FY20241,022FY2025

$ million; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Flight Support Group69%70%
Electronic Technologies Group31%30%
Corporate Segment0%a loss

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by region FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
North America1,9632,4212,77661.9%
Non-US1,0051,4371,70938.1%
North AmericaNon-US
2,968FY20233,858FY20244,485FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2008FY2009FY2010FY2011FY2012FY2013FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow73.275.81021261391321911732602883284374094444684496729341,111
Capital expenditure13.510.38.99.415.318.316.418.230.926.041.928.922.936.232.049.458.372.981.0
Free cash flow59.765.692.81161231141741552292622874083864084363996148611,030
Free cash flow margin10.3%12.2%15.0%15.2%13.7%11.3%15.4%13.0%16.6%17.2%16.1%19.9%21.6%21.9%19.7%13.5%15.9%19.2%19.9%
Cash from investing-38.0-70.0-48.3-104-213n/an/a-186-308-458-114-281-199-183-396-2,484-293-732-1,107
Cash from financing-26.8-11.5-54.2-10.778.4n/an/a27.356.8176-208-160138-559-33.82,065-389-151-25.9
Depreciation and amortisation15.115.017.618.530.736.847.847.960.364.877.283.588.693.096.3130175196219
Buybacksn/a8.10.00.0n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Dividends paid2.63.13.54.55.712031.29.310.712.815.418.721.623.024.527.429.132.034.9
Dividend per share$0.02$0.03$0.03$0.04$0.04$0.21$0.24$0.07$0.08$0.10$0.12$0.14$0.16$0.17$0.18$0.20$0.21$0.23n/a
Diluted shares, weighted130m129m129m130m130m131m132m132m133m136m137m137m137m138m138m139m140m141m141m
Shares outstanding at period endn/a50m50m52mn/an/a52m53m53m53m53m54m54m54m55m55m55m55mn/a
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2008FY2009FY2010FY2011FY2012FY2013FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity4534134695296176066998109631,1611,3981,6671,9802,2632,6063,1463,6374,3054,948
Non-controlling interestn/a77.785.791.110311775.183.484.387.210528.130.433.942.247.260.573.977.2
Redeemable equityn/an/an/an/an/a59.240.091.399.5131132188221253328365366467618
Debtn/a55.414.239.81313773293674586745325617392362902,4782,2252,1652,538
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/a44.161.877.0105113115n/a
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/a8.59.813.423.621.814.5n/a
Other liabilitiesn/a1872132813423743463493934594875255246417391,0311,1691,3601,756
Total liabilities and equityn/a7337829411,1931,5331,4891,7011,9982,5122,6532,9693,5483,4984,0957,1957,5938,5009,937
Owned
Fixed assetsn/a60.559.067.180.597.793.9106122130155173169194226322339432478
Goodwilln/a3653854435426886867678661,0811,1151,2691,3831,4501,6723,2743,3803,6624,356
Intangible assetsn/a41.649.578.21542422012733675385065515795827331,3571,3351,4711,777
Cash and equivalents12.67.26.517.521.515.520.233.652.152.159.657.0407108140171162218241
Receivablesn/a77.991.8106122157150182202222237274210245295509538638736
Inventoryn/a1381381651902192182442863444024204634785821,0141,1711,2951,448
Other assetsn/a42.951.663.682.511412097.2104145179225336441447548667785900
Total assetsn/a7337829411,1931,5331,4891,7011,9982,5122,6532,9693,5483,4984,0957,1957,5938,5009,937
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded14.2%20.2%26.6%20.7%
Profit growth, compounded17.9%17.1%25.2%32.1%
Return on equity, average15.6%14.0%14.3%16.0%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Heico's revenue in fiscal 2025?

Heico (HEI) reported revenue of $4.5 billion for fiscal 2025, the year ended 31 October 2025, up 16.3% on the year before.

How much did Heico earn in fiscal 2025?

Net income was $690 million for fiscal 2025, and diluted earnings per share $4.90.

What is Heico's P/E ratio?

At the close of 27 October 2026, Heico traded at 51.4 times its earnings over the twelve months to 31 July 2026.

What is Heico's market cap?

The market cap of Heico was $17.0 billion at the close of 27 October 2026.

Does Heico pay a dividend?

Yes. Heico declared $0.23 a share in dividends over the four quarters to 31 July 2026.

Peers: Aircraft

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
RTX Corp. RTX$262.6 billion31.5912.1%11.8%11.6%0.541.4%
Boeing Co. BA$133.2 billion18.29116.9%10.3%17.5%7.014.9%
TransDigm Group Inc. TDG$62.5 billion34.32n/a46.0%16.7%n/a0.0%
Heico Corp. HEI$17.0 billion51.3917.1%24.0%20.7%0.510.1%
Textron Inc. TXT$13.4 billion14.7511.6%n/a8.8%0.470.1%
StandardAero, Inc. SARO$7.4 billion23.1011.8%9.5%12.6%0.84n/a
AeroVironment Inc. AVAV$6.4 billionn/a-4.6%-12.6%84.4%0.17n/a
Loar Holdings Inc. LOAR$5.8 billion85.315.7%21.9%29.8%0.79n/a
Karman Holdings Inc. KRMN$5.0 billion130.178.8%16.8%50.2%1.80n/a
AAR Corp. AIR$4.0 billion20.5011.1%n/a22.0%0.500.3%
Archer Aviation Inc. ACHR$3.3 billionn/an/an/an/a0.04n/a
Ducommun Inc. DCO$2.5 billionn/a-3.1%-1.7%9.2%0.40n/a
2 companies share its SEC industry code (Aircraft Engines & Engine Parts); the rest are the names nearest in size in its wider industry, Aircraft, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q31 July 202627 August 2026EDGAR
10-Q30 April 202629 May 2026EDGAR
10-Q31 January 202627 February 2026EDGAR
10-K31 October 202522 December 2025EDGAR
10-Q31 July 202527 August 2025EDGAR
10-Q30 April 202529 May 2025EDGAR
10-Q31 January 202528 February 2025EDGAR
10-K31 October 202419 December 2024EDGAR
10-Q31 July 202428 August 2024EDGAR
10-Q30 April 202430 May 2024EDGAR