Heico Corporation

HEI 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

336.31 1.41 −0.42%
Market cap
$39.9B
P/E
55.5×
Fwd P/E
50.7×
Dividend yield
0.07%
F-score
7/9
Altman Z
8.17
Beneish M
−2.40
Dividend safety
84/100

Heico Corporation (HEI) 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 a year earlier. The company reported adjusted EPS of $1.67 for the quarter, compared with the consensus of $1.51; adjusted EPS exceeded the consensus by 10.6%. HEICO’s revenue of $1.4 billion exceeded the consensus of $1.3 billion by 4.89%.

The filing attributed the revenue increase to an 18% rise in Flight Support Group net sales and a 36% rise in Electronic Technologies Group net sales, including organic growth and acquisition contributions in both businesses. HEICO said demand increased for Flight Support’s aftermarket replacement parts, specialty products, and repair and overhaul offerings, while Electronic Technologies demand rose across other electronics, defense, and aerospace products. The filing reported gross margin of 41.1%, compared with 39.8% a year earlier, and operating margin of 25.1%, compared with 23.1%. HEICO reported free cash flow of $322.8 million, up 47.7% from 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 $1.67 $1.51 Beat by 10.6%
Revenue $1.4 billion $1.3 billion Beat by 4.89%

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

What management said on the call

HEICO did not make a latest earnings call available here.

Guidance

For the remainder of fiscal 2026, HEICO expects increased net sales at both the Flight Support Group and Electronic Technologies Group, supported by underlying product demand and recent acquisitions. HEICO also expects strong operating cash flow for fiscal 2026.

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