HEI, HEI.A · Heico Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.18B | - | $1.15B | $1.10B | $1.03B | - | $992.25M | $955.39M | $896.36M | - |
| Cost of Revenue | $723.62M | - | $690.43M | $660.02M | $624.56M | - | $602.98M | $583.60M | $549.59M | - |
| Gross Profit | $454.96M | - | $457.16M | $437.80M | $405.66M | - | $389.27M | $371.80M | $346.77M | - |
| R&D | $31.94M | - | $31.93M | $28.74M | $27.61M | - | $29.78M | $27.93M | $25.10M | - |
| SG&A | $195.06M | - | $192.14M | $189.65M | $178.86M | - | $172.82M | $162.64M | $166.56M | - |
| Total Operating Expenses | $918.68M | - | $882.57M | $849.67M | $803.42M | - | $775.80M | $746.24M | $716.15M | - |
| D&A | $51.01M | - | $14.15M | $13.17M | $46.23M | - | $12.64M | $11.27M | $43.51M | - |
| Operating Income | $259.90M | - | $265.02M | $248.15M | $226.81M | - | $216.45M | $209.15M | $180.21M | - |
| Interest Expense | $29.49M | - | $31.70M | $32.87M | $32.46M | - | $36.79M | $38.51M | $38.61M | - |
| Income Tax | $26.70M | - | $44.30M | $45.40M | $13.70M | - | $32.50M | $36.20M | $16.80M | - |
| Net Income | $190.19M | - | $177.34M | $156.79M | $167.96M | - | $136.58M | $123.15M | $114.70M | - |
| EPS - Basic | $1.36 | - | $1.27 | $1.13 | $1.21 | - | $0.99 | $0.89 | $0.83 | - |
| EPS - Diluted | $1.35 | - | $1.26 | $1.12 | $1.20 | - | $0.97 | $0.88 | $0.82 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $217.78M | $217.78M | $261.89M | $242.31M | $165.47M | $162.10M | $202.94M | $204.16M | $171.05M | $171.05M |
| Accounts Receivable | $637.62M | $637.62M | $597.62M | $591.40M | $538.49M | $538.49M | $525.75M | $504.36M | $471.70M | $509.07M |
| Inventory | $1.34B | $1.30B | $1.31B | $1.24B | $1.22B | $1.17B | $1.12B | $1.09B | $1.07B | $1.01B |
| Accounts Payable | $240.98M | $231.04M | $230.63M | $230.37M | $208.14M | $198.43M | $207.46M | $194.88M | $194.89M | $205.89M |
| Current Assets | $2.48B | $2.36B | $2.39B | $2.28B | $2.10B | $2.06B | $2.03B | $1.97B | $1.91B | $1.86B |
| Total Assets | $9.04B | $8.50B | $8.53B | $8.09B | $7.89B | $7.59B | $7.42B | $7.37B | $7.34B | $7.20B |
| Current Liabilities | $810.60M | $832.00M | $711.32M | $664.86M | $618.34M | $663.85M | $614.71M | $559.16M | $604.10M | $665.34M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $4.00B | $3.65B | $3.88B | $3.62B | $3.66B | $3.53B | $3.50B | $3.55B | $3.65B | $3.64B |
| Stockholders' Equity | $4.50B | $4.31B | $4.14B | $3.97B | $3.75B | $3.64B | $3.54B | $3.39B | $3.27B | $3.15B |
| Retained Earnings | $3.82B | $3.65B | $3.49B | $3.33B | $3.18B | $3.06B | $2.95B | $2.83B | $2.71B | $2.61B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $178.60M | - | - | - | $203.03M | - | - | - | $111.65M | - |
| Investing Cash Flow | ($446.97M) | - | - | - | ($288.00M) | - | - | - | ($71.14M) | - |
| Financing Cash Flow | $309.58M | - | - | - | $90.71M | - | - | - | ($16.73M) | - |
| CapEx | $13.50M | - | - | - | $17.34M | - | - | - | $13.38M | - |
| Free Cash Flow | $165.10M | - | - | - | $185.70M | - | - | - | $98.28M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 38.6% | - | 39.8% | 39.9% | 39.4% | - | 39.2% | 38.9% | 38.7% | - |
| Operating margin | 22.1% | - | 23.1% | 22.6% | 22.0% | - | 21.8% | 21.9% | 20.1% | - |
| EBITDA margin | 26.4% | - | 24.3% | 23.8% | 26.5% | - | 23.1% | 23.1% | 25.0% | - |
| Net margin | 16.1% | - | 15.5% | 14.3% | 16.3% | - | 13.8% | 12.9% | 12.8% | - |
| Free cash flow margin | 14.0% | - | - | - | 18.0% | - | - | - | 11.0% | - |
| FCF / Net income | 0.87 | - | - | - | 1.11 | - | - | - | 0.86 | - |
| R&D / Revenue | 2.7% | - | 2.8% | 2.6% | 2.7% | - | 3.0% | 2.9% | 2.8% | - |
| SG&A / Revenue | 16.6% | - | 16.7% | 17.3% | 17.4% | - | 17.4% | 17.0% | 18.6% | - |
| Effective tax rate | 12.3% | - | 20.0% | 22.5% | 7.5% | - | 19.2% | 22.7% | 12.8% | - |
| Return on assets | 2.1% | - | 2.1% | 1.9% | 2.1% | - | 1.8% | 1.7% | 1.6% | - |
| Return on equity | 4.2% | - | 4.3% | 4.0% | 4.5% | - | 3.9% | 3.6% | 3.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 3.06 | 2.83 | 3.35 | 3.43 | 3.40 | 3.11 | 3.30 | 3.52 | 3.17 | 2.79 |
| Quick ratio | 1.41 | 1.28 | 1.51 | 1.56 | 1.43 | 1.34 | 1.47 | 1.57 | 1.40 | 1.27 |
| Cash ratio | 0.27 | 0.26 | 0.37 | 0.36 | 0.27 | 0.24 | 0.33 | 0.37 | 0.28 | 0.26 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 8.8x | - | 8.4x | 7.6x | 7.0x | - | 5.9x | 5.4x | 4.7x | - |
| Equity multiplier | 2.01 | 1.97 | 2.06 | 2.04 | 2.11 | 2.09 | 2.10 | 2.17 | 2.25 | 2.29 |
| Liabilities / Assets | 0.44 | 0.43 | 0.45 | 0.45 | 0.46 | 0.46 | 0.47 | 0.48 | 0.50 | 0.51 |
| Efficiency | ||||||||||
| Asset turnover | 0.13 | - | 0.13 | 0.14 | 0.13 | - | 0.13 | 0.13 | 0.12 | - |
| Inventory turnover | 0.54 | - | 0.53 | 0.53 | 0.51 | - | 0.54 | 0.54 | 0.51 | - |
| Days sales outstanding | 197d | - | 190d | 197d | 191d | - | 193d | 193d | 192d | - |
| Days inventory outstanding | 675d | - | 693d | 688d | 712d | - | 681d | 681d | 710d | - |
| Days payable outstanding | 122d | - | 122d | 127d | 122d | - | 126d | 122d | 129d | - |
| Cash conversion cycle | 751d | - | 761d | 757d | 781d | - | 749d | 751d | 772d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 14.4% | - | 15.7% | 14.9% | 14.9% | - | 37.3% | - | 44.4% | - |
| Revenue CAGR (3y) | 23.8% | - | 26.3% | 16.9% | 28.1% | - | 28.1% | 27.0% | - | - |
| Revenue CAGR (5y) | - | - | 24.3% | 18.6% | 19.8% | - | 13.3% | 13.1% | 14.0% | - |
| Gross profit growth (YoY) | 12.2% | - | 17.4% | 17.8% | 17.0% | - | 39.7% | - | 42.2% | - |
| Operating income growth (YoY) | 14.6% | - | 22.4% | 18.6% | 25.9% | - | 44.9% | - | 39.2% | - |
| Net income growth (YoY) | 13.2% | - | 29.8% | 27.3% | 46.4% | - | 33.9% | - | 23.3% | - |
| EPS growth (YoY) | 12.5% | - | 29.9% | 27.3% | 46.3% | - | 31.1% | - | 22.4% | - |
| EPS CAGR (3y) | 26.3% | - | 28.1% | 13.8% | 24.0% | - | 20.1% | 19.9% | - | - |
| EPS CAGR (5y) | - | - | 25.8% | 15.3% | 18.7% | - | 10.5% | 8.0% | 7.2% | - |
| FCF growth (YoY) | -11.1% | - | - | - | 89.0% | - | - | - | 49.3% | - |
| FCF CAGR (5y) | - | - | - | - | 15.2% | - | - | - | 17.6% | - |
| Book value growth (YoY) | 20.2% | 18.4% | 17.0% | 17.1% | 14.7% | 15.6% | 21.5% | - | 21.0% | 20.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-10-31.
Business segments
$4.44B totalFlight Support Group$3.12B · 70.2%
Electronic Technologies Group$1.37B · 30.8%
Corporate And Eliminations($45.35M) · -1.0%
Product / service
$4.53B totalAftermarket Replacement Parts$1.92B · 42.4%
Electronic Componentsfor Defense Spaceand Aerospace$1.14B · 25.2%
Repairand Overhaul Partsand Services$748.85M · 16.5%
Specialty Products$446.11M · 9.8%
Other Electronic Components$270.91M · 6.0%
Geographic
$4.49B totalNorth America$2.78B · 61.9%
Non Us$1.71B · 38.1%
Peer comparison
Same SIC group: Aircraft Engines & Engine Parts
Comparing HEICO CORP against the 5 most active filers in the same SIC group.