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