HEICO CORP HEI
Last close
325.48
2026-09-04
Market cap
$45.47B
estimated share count
52-week range
256.11 - 376.86
Valuation FY2025 figures against the last close
P/S10.1x
P/E66.4x
P/FCF52.8x
EV/EBITDA37.2x
Dividend yield0.1%
Diluted EPS4.90
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 4.97 | 3.71 | 2.94 | 2.59 | 2.25 | 2.33 | 2.45 | 1.96 | 1.41 | 1.19 |
| EPS, diluted | 4.90 | 3.67 | 2.91 | 2.55 | 2.21 | 2.29 | 2.39 | 1.90 | 1.37 | 1.17 |
| Shares, diluted (wtd. avg.) | $140.8M | $140.2M | $138.9M | $138.0M | $137.9M | $137.3M | $137.3M | $136.7M | $135.6M | $133.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Others in SIC 3724
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| RTX | RTX Corp | $270.62B | 40.5x | 9.7% |
| HON | HONEYWELL INTERNATIONAL INC | $66.43B | 28.5x | 7.8% |
| SARO | StandardAero, Inc. | $8.21B | 29.9x | 15.8% |
| SIF | SIFCO INDUSTRIES INC | $133.5M | — | 6.5% |
| TATT | TAT TECHNOLOGIES LTD | — | — | 17.0% |