HEICO CORP HEI

Consumer discretionary SIC 3724 - Aircraft Engines & Engine Parts NAICS Manufacturing › Transportation Equipment Manufacturing › Aerospace Product and Parts Manufacturing › Aircraft Engine and Engine Parts Manufacturing derived NYSE

Last close 297.36 2026-10-23
Market cap $41.54B estimated share count
52-week range 256.11 - 376.86

Valuation FY2025 figures against the last close

P/S9.3x
P/E60.7x
P/FCF48.2x
EV/EBITDA34.0x
Dividend yield0.1%
Diluted EPS4.90

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • North America
  • Non-US
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 North America, FY2025: 2.8B (61.9%) 62% North America Non-US, FY2025: 1.7B (38.1%) 38% Non-US FY2024 North America, FY2024: 2.4B (62.8%) 63% Non-US, FY2024: 1.4B (37.2%) 37% FY2023 North America, FY2023: 2B (66.2%) 66% Non-US, FY2023: 1B (33.8%) 34%
Region FY2025FY2024FY2023
North America $2.78B $2.42B $1.96B
Non-US $1.71B $1.44B $1.00B

As the company reported it, from the “OPERATING SEGMENTS (Geographical information) (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.49B$3.86B$2.97B$2.21B$1.87B$1.79B$2.06B$1.78B$1.52B$1.38B
Cost of revenue $2.70B$2.36B$1.81B$1.35B$1.14B$1.10B$1.24B$1.09B$950.1M$860.8M
Gross profit $1.79B$1.50B$1.15B$862.8M$727.4M$682.1M$813.8M$690.7M$574.7M$515.5M
R&D $120.9M$111.3M$95.8M$76.1M$68.9M$65.6M$66.6M$57.5M$46.5M$44.7M
SG&A $767.5M$677.3M$528.1M$365.9M$334.5M$305.5M$356.7M$314.5M$268.1M$250.1M
Total operating expenses $3.47B$3.03B$2.34B$1.71B$1.47B$1.41B$1.60B$1.40B$1.22B$1.11B
Operating income $1.02B$824.5M$625.3M$496.8M$392.9M$376.6M$457.1M$376.2M$306.7M$265.3M
Interest expense ——$3.8M———————
Pre-tax income $893.6M$677.6M$555.3M$491.0M$387.1M$364.9M$437.8M$356.3M$298.0M$257.1M
Income tax $148.0M$118.5M$110.9M$100.4M$57.3M$29.0M$78.1M$70.6M$90.3M$80.9M
Net income $690.4M$514.1M$403.6M$351.7M$304.2M$314.0M$327.9M$259.2M$186.0M$156.2M
EPS, basic 4.973.712.942.592.252.332.451.961.411.19
EPS, diluted 4.903.672.912.552.212.292.391.901.371.17
Shares, diluted (wtd. avg.) 140.8M140.2M138.9M138.0M137.9M137.3M137.3M136.7M135.6M133.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $217.8M$162.1M$171.0M$139.5M$108.3M$406.9M$57.0M$59.6M$52.1M$52.1M
Receivables $637.6M$538.5M$509.1M$294.8M$244.9M$210.4M$274.3M$237.3M$222.5M$202.2M
Inventory $1.30B$1.17B$1.01B$582.5M$478.1M$463.2M$420.3M$401.6M$343.6M$286.3M
Total current assets $2.36B$2.06B$1.86B$1.15B$937.4M$1.17B$813.7M$733.8M$631.9M$543.2M
Property, plant and equipment $431.7M$339.0M$321.8M$225.9M$193.6M$168.8M$173.3M$154.7M$129.9M$121.6M
Goodwill $3.66B$3.38B$3.27B$1.67B$1.45B$1.38B$1.27B$1.11B$1.08B$865.7M
Other intangibles $1.47B$1.33B$1.36B$733.3M$582.3M$579.0M$550.7M$506.4M$538.1M$366.9M
Total assets $8.50B$7.59B$7.20B$4.10B$3.50B$3.55B$2.97B$2.65B$2.51B$2.00B
Accounts payable $231.0M$198.4M$205.9M$116.6M$85.5M$76.2M$106.2M$107.2M$89.7M$73.3M
Short-term debt $3.4M$4.1M$4.3M$1.7M——————
Total current liabilities $832.0M$663.9M$665.3M$420.9M$294.9M$241.2M$289.1M$282.4M$249.4M$214.4M
Total liabilities $3.65B$3.53B$3.64B$1.12B$948.9M$1.32B$1.09B$1.02B$1.13B$851.2M
Retained earnings $3.65B$3.06B$2.61B$2.25B$1.95B$1.69B$1.40B$1.09B$844.2M$681.7M
Total equity $4.31B$3.64B$3.15B$2.61B$2.26B$1.98B$1.67B$1.40B$1.25B$1.05B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $934.3M$672.4M$448.7M$467.9M$444.1M$409.1M$437.4M$328.5M$288.3M$259.7M
Depreciation and amortisation $196.1M$175.3M$130.0M$96.3M$93.0M$88.6M$83.5M$77.2M$64.8M$60.3M
Capital expenditure $72.9M$58.3M$49.4M$32.0M$36.2M$22.9M$28.9M$41.9M$26.0M$30.9M
Investing cash flow -$731.7M-$293.2M-$2.48B-$395.8M-$183.5M-$199.0M-$280.6M-$113.5M-$458.2M-$308.1M
Financing cash flow -$150.7M-$389.4M$2.07B-$33.8M-$559.0M$137.7M-$159.7M-$207.5M$175.9M$56.8M
Dividends paid $32.0M$29.1M$27.4M$24.5M$23.0M$21.6M$18.7M$15.4M$12.8M$10.7M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000046619-25-000082.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 1.4B Gross profit, FY2016: 515.5M Net income, FY2016: 156.2M Revenue, FY2017: 1.5B Gross profit, FY2017: 574.7M Net income, FY2017: 186M Revenue, FY2018: 1.8B Gross profit, FY2018: 690.7M Net income, FY2018: 259.2M Revenue, FY2019: 2.1B Gross profit, FY2019: 813.8M Net income, FY2019: 327.9M Revenue, FY2020: 1.8B Gross profit, FY2020: 682.1M Net income, FY2020: 314M Revenue, FY2021: 1.9B Gross profit, FY2021: 727.4M Net income, FY2021: 304.2M Revenue, FY2022: 2.2B Gross profit, FY2022: 862.8M Net income, FY2022: 351.7M Revenue, FY2023: 3B Gross profit, FY2023: 1.2B Net income, FY2023: 403.6M Revenue, FY2024: 3.9B Gross profit, FY2024: 1.5B Net income, FY2024: 514.1M Revenue, FY2025: 4.5B Gross profit, FY2025: 1.8B Net income, FY2025: 690.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.38B $1.52B $1.78B $2.06B $1.79B $1.87B $2.21B $2.97B $3.86B $4.49B
Gross profit $515.5M $574.7M $690.7M $813.8M $682.1M $727.4M $862.8M $1.15B $1.50B $1.79B
Net income $156.2M $186.0M $259.2M $327.9M $314.0M $304.2M $351.7M $403.6M $514.1M $690.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed Item 1.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3724

TickerCompanyMarket capP/ERevenue growth
RTX RTX Corp $257.44B 38.5x 9.7%
HON HONEYWELL INTERNATIONAL INC $70.09B 30.0x 7.8%
SARO StandardAero, Inc. $7.21B 26.2x 15.8%
SIF SIFCO INDUSTRIES INC $126.0M — 6.5%
TATT TAT TECHNOLOGIES LTD — — 17.0%