Heico Corporation

HEI.A Industrials Aerospace & Defense

Heico Corporation’s revenue for fiscal 2025 (year ended October 2025) was $4.5 billion, up 16.3% from fiscal 2024.

Revenue
+23.1%
EPS
+33.1%
Free cash flow
+47.7%
Total debt
+3.82%

Quarter to July 2026, against a year earlier

249.24 1.14 −0.46%
Market cap
$39.7B
P/E
41.1×
Fwd P/E
50.7×
Dividend yield
—
F-score
7/9
Altman Z
6.75
Beneish M
−2.40
Dividend safety
84/100

Heico Corporation (HEI.A) Earnings & Analysis

Updated · Covers results through Q3 FY2026 · How this is made

Latest quarter

HEICO reported Q3 FY2026 revenue of $1.4 billion, up 23.1% from $1.1 billion a year earlier. Diluted earnings per share rose to $1.67 from $1.26.

The filing says sales grew in both the Flight Support Group and the Electronic Technologies Group, with organic growth and acquisitions contributing to each. In Flight Support, demand increased for aftermarket replacement parts, specialty products, and repair and overhaul parts and services. In Electronic Technologies, the filing attributes organic growth mainly to demand for other electronics, defense and aerospace products.

HEICO reported a gross margin of 41.1%, up from 39.8%. The filing attributes the improvement partly to a more favorable product mix in Flight Support and higher aerospace sales in Electronic Technologies. Operating margin rose to 25.1% from 23.1%; the filing cites lower selling, general and administrative expenses as a share of sales among the factors. HEICO reported free cash flow of $322.8 million, compared with $218.5 million a year earlier.

Q3 FY2026 Q3 FY2025 Change
Revenue $1.4 billion $1.1 billion 23.1%
Diluted EPS $1.67 $1.26 32.5%
Gross margin 41.1% 39.8% 1.3 percentage points
Operating margin 25.1% 23.1% 2.0 percentage points
Free cash flow $322.8 million $218.5 million 47.7%
Against the consensus Reported Consensus Result
Adjusted EPS $1.35 $1.43 Missed by 5.59%

Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.

What management said on the call

The latest earnings call is not available, so its discussion cannot be reported.

Guidance

For the remainder of fiscal 2026, HEICO expects increased sales at both Flight Support and Electronic Technologies, supported by demand and recent acquisitions. The company also forecasts operating cash flow for fiscal 2026. Its filing says capital allocation will continue to prioritize organic growth and acquisitions while preserving liquidity and financial flexibility.

Metric For Guide Previous guide Change
Operating cash flow FY2026 HEICO expects strong operating cash flow for fiscal 2026. — —