Wednesday 4 November 2026 Export HEI’s income statement to Excel — free account

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%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Oct '16	Oct '17	Oct '18	Oct '19	Oct '20	Oct '21	Oct '22	Oct '23	Oct '24	Oct '25
P/E ratio Full definition →	28.87	41.07	42.68	50.14	46.62	61.24	62.80	53.88	65.85	64.07
Piotroski F-Score Full definition →	5	5	8	8	4	5	6	4	6	7
P/S ratio Full definition →	3.29	5.01	6.25	8.02	8.19	10.00	10.02	7.32	8.79	9.85
Altman Z-Score Full definition →	4.66	5.29	7.71	9.83	7.36	11.32	11.10	4.66	6.88	8.17
Altman Z″-Score (non-manufacturers) Full definition →	4.24	3.95	4.78	5.12	5.35	5.78	5.70	3.69	4.25	4.50
P/FCF ratio Full definition →	19.79	29.14	38.77	40.36	37.91	45.72	50.75	54.42	55.23	51.30
Beneish M-Score Full definition →	(2.62)	(2.55)	(2.47)	(2.44)	(2.80)	(2.32)	(2.42)	(2.39)	(2.44)	(2.40)
P/Operating CF Full definition →	51.89	70.14	97.69	132.95	132.89	169.56	153.67	146.46	164.94	149.62
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	84
P/B ratio Full definition →	4.32	6.12	7.39	9.73	7.28	8.12	8.35	6.81	9.17	10.09
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	302.45	70.57	91.20	0.00	0.00	0.00
EV/Sales Full definition →	3.59	5.42	6.52	8.26	8.38	10.06	10.09	8.10	9.33	10.29
EV/EBITDA Full definition →	15.19	22.25	25.55	31.42	32.18	38.64	37.55	31.82	35.99	37.97
EV/Operating CF Full definition →	19.04	28.67	35.26	38.84	36.59	42.28	47.60	53.57	53.51	49.38
EV/FCF Full definition →	21.61	31.51	40.42	41.59	38.77	46.03	51.10	60.20	58.59	53.56
Quick Ratio Full definition →	1.14	1.10	1.05	1.15	2.56	1.20	1.03	1.02	1.06	1.03
Current Ratio Full definition →	2.53	2.53	2.60	2.81	4.83	3.18	2.74	2.79	3.11	2.83
Net Debt/EBITDA Full definition →	1.28	1.67	1.04	0.93	0.72	0.26	0.25	3.05	2.07	1.61
Debt/Assets Full definition →	22.93%	26.83%	20.07%	18.93%	20.85%	6.76%	7.09%	34.44%	29.36%	25.50%
Debt/Equity Full definition →	0.44	0.54	0.35	0.33	0.37	0.10	0.11	0.78	0.60	0.50
Asset Turnover Full definition →	0.74	0.68	0.69	0.73	0.55	0.53	0.58	0.53	0.52	0.56
Operating CF/Net income Full definition →	1.66	1.55	1.27	1.33	1.30	1.46	1.33	1.11	1.31	1.35
Capex/Depreciation Full definition →	(0.51)	(0.40)	(0.54)	(0.35)	(0.26)	(0.39)	(0.33)	(0.38)	(0.33)	(0.37)
Interest Coverage Full definition →	32.08	31.32	18.91	21.07	28.62	53.93	77.80	8.57	5.52	7.85
ROE Full definition →	16.09%	16.20%	18.84%	20.51%	16.95%	14.12%	14.22%	13.82%	14.92%	17.10%
ROA Full definition →	8.36%	8.25%	10.04%	11.66%	9.64%	8.64%	9.26%	7.15%	6.95%	8.58%
ROIC Full definition →	11.34%	10.25%	11.90%	12.99%	10.04%	10.13%	11.09%	7.11%	8.94%	10.06%
Return on Tangible Assets Full definition →	34.68%	36.30%	42.77%	46.98%	28.72%	36.38%	36.72%	26.70%	29.59%	35.29%
Average Days of Receivables Full definition →	53.63	53.25	48.72	48.71	42.98	47.92	48.73	62.60	50.95	51.89
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	18.18%	17.58%	17.69%	17.35%	17.09%	17.93%	16.57%	17.79%	17.56%	17.11%
Intangible Assets out of Total Assets Full definition →	0.62	0.64	0.61	0.61	0.55	0.58	0.59	0.64	0.62	0.60
Share Based Compensation of Revenue Full definition →	0.47%	0.49%	0.52%	0.50%	0.57%	0.49%	0.57%	0.52%	0.49%	0.77%
Graham Net Nets Full definition →	(0.09)	(0.08)	(0.04)	(0.03)	(0.03)	(0.01)	(0.01)	(0.10)	(0.05)	(0.04)
Graham Number Full definition →	14.69	17.36	22.39	26.49	27.97	29.31	33.69	39.24	47.28	59.29
Earnings Yield Full definition →	3.46%	2.43%	2.34%	1.99%	2.14%	1.63%	1.59%	1.86%	1.52%	1.56%
Free Cash Flow Yield Full definition →	5.05%	3.43%	2.58%	2.48%	2.64%	2.19%	1.97%	1.84%	1.81%	1.95%
Revenue per Share Full definition →	10.51	11.58	13.41	15.38	13.26	13.79	16.24	21.64	27.86	32.26
Operating CF per Share Full definition →	1.98	2.19	2.48	3.27	3.04	3.28	3.44	3.27	4.86	6.72
Capex per Share Full definition →	(0.24)	(0.20)	(0.32)	(0.22)	(0.17)	(0.27)	(0.24)	(0.36)	(0.42)	(0.52)
Free Cash Flow per Share Full definition →	1.75	1.99	2.16	3.06	2.87	3.01	3.20	2.91	4.44	6.19
Cash per Share Full definition →	0.33	0.40	0.45	0.43	3.02	0.80	1.03	1.25	1.17	1.57
Shareholders Equity per Share Full definition →	8.00	9.48	11.34	12.68	14.92	16.97	19.47	23.28	26.70	31.49
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	8.00	9.48	11.34	12.68	14.92	16.97	19.47	23.28	26.70	31.49
Free Cash Flow Full definition →	228.85	262.29	286.62	408.44	386.19	407.90	435.87	399.30	614.11	861.38
Working Capital Full definition →	328.74	382.46	451.38	524.59	924.46	642.51	731.87	1,190.00	1,398.44	1,524.36
Capital Expenditures Full definition →	(30.86)	(26.00)	(41.87)	(28.94)	(22.94)	(36.18)	(31.98)	(49.43)	(58.26)	(72.89)
Net Current Asset Value Full definition →	(407.55)	(632.25)	(416.58)	(460.82)	(371.48)	(264.08)	(294.46)	(2,146.57)	(1,833.12)	(1,764.89)
EV/EBIT Full definition →	18.64	26.96	30.79	37.17	39.75	47.79	44.83	38.44	43.64	45.28
Capex to Sales Full definition →	0.02	0.02	0.02	0.01	0.01	0.02	0.01	0.02	0.02	0.02
Price to Operating Income Full definition →	17.07	24.93	29.53	36.06	38.86	47.46	44.52	34.75	41.14	43.36
Other line items
Depreciation/Fixed assets Full definition →	0.50	0.50	0.50	0.48	0.52	0.48	0.43	0.40	0.52	0.45
Cash ROIC Full definition →	14.78%	13.28%	13.68%	17.65%	12.23%	15.44%	14.16%	6.83%	10.09%	12.73%
Accounts Receivable Turnover Full definition →	7.17	7.18	7.73	8.04	7.37	8.19	8.18	7.38	7.37	7.63
Accounts Payable Turnover Full definition →	12.47	11.65	11.04	11.64	12.11	14.07	13.32	11.26	11.65	12.57
Inventory Turnover Full definition →	3.25	3.02	2.92	3.02	2.50	2.42	2.54	2.27	2.16	2.19
Average Days of Payables Full definition →	31.10	34.47	36.00	31.22	25.19	27.43	31.62	41.41	30.74	31.25
Days of Inventory on Hand Full definition →	121.40	132.01	134.84	123.54	153.02	153.29	158.00	203.90	181.41	175.20
Average Receivables Full definition →	191.91	212.34	229.87	255.81	242.38	227.68	269.88	401.96	523.78	588.05
Average Payables Full definition →	69.01	81.53	98.47	106.72	91.23	80.89	101.05	161.22	202.16	214.73
Average Inventory Full definition →	264.91	314.97	372.59	410.94	441.76	470.63	530.26	798.08	1,092.31	1,233.14
Average Assets Full definition →	1,867.40	2,255.42	2,582.91	2,811.30	3,258.46	3,523.06	3,796.95	5,645.28	7,393.94	8,046.63
Average Common Equity Full definition →	970.49	1,148.00	1,375.65	1,598.83	1,852.63	2,153.77	2,472.62	2,920.73	3,445.28	4,038.29

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