Wednesday 14 October 2026 Export HEI’s income statement to Excel — free account

Heico Corporation

Heico Corporation’s revenue for fiscal 2025 (year ended October 2025) was $4.5 billion, up 16.3% from fiscal 2024. In the quarter to July 2026, revenue grew 23.1%, EPS grew 33.1%, free cash flow grew 47.7% and total debt rose 3.82%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five; insiders bought in the last twelve months.

297.50 0.77 +0.26%

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Market cap: $35.2B
P/E: 48.8×
Fwd P/E: 55.0×
Dividend yield: 0.08%
F-score: 7/9
Altman Z: 8.17
Beneish M: −2.40
Dividend safety: 84/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 2.40

Total sells 0.47

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	1	—	—	—	—	—	—	8
Sell	—	—	—	—	—	1	—	1	—	—	—	—

Insider Ownership 69.49%

Capital & Financial Ratios $m

Market Cap 35,210.00

Revenue 5,176.76

Net Income 912.35

Free Cash Flow 1,030.28

Net Debt 2,300.21

Current Ratio 2.72

Debt/Equity 0.51

P/E ratio 48.80

Fwd P/E 55.00

P/S ratio 8.01

P/B ratio 8.25

Past 5Y EPS Growth 16.43%

This Y EPS Growth 29.26%

Next Y EPS Growth 13.30%

Next Y revenue growth 20.56%

Next 5Y EPS Growth 18.24%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 38.38%

10-year low 10-year high

P/S against its own 10 years 41.85%

10-year low 10-year high

P/B against its own 10 years 53.14%

10-year low 10-year high

EV/Sales against its own 10 years 41.73%

10-year low 10-year high

EV/FCF against its own 10 years 38.27%

10-year low 10-year high

Dividends

Payout Ratio 0.04

Annual Dividend Rate 0.25

Annual Dividend Yield 0.08%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.25	0.12 0.13
2025	0.23	0.11 0.12
2024	0.21	0.10 0.11
2023	0.20	0.10 0.10
2022	0.18	0.09 0.09
2021	0.17	0.08 0.09
2020	0.16	0.08 0.08
2019	0.14	0.07 0.07
2018	0.12	0.06 0.06
2017	0.06	0.06
2016	0.22	0.06 0.08 0.07

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	171	162	218	241
Receivables	509	538	638	736
Inventory	1,014	1,171	1,295	1,448
Other	112	112	119	134
	1,855	2,062	2,356	2,725

	2023	2024	2025	Q'26
Payables	206	198	231	297
ST’ Debt	18	4	3	4
Other	—	—	—	—
	665	664	832	1,003

Compound Annual Growth %

	10y	5y	3y
Sales	14.20%	20.21%	26.64%
Cash Flow	18.38%	17.96%	25.93%
Earnings	17.87%	17.07%	25.21%
Book Value	17.23%	16.85%	18.25%

Revenue $m

	Jan	Apr	Jul	Oct	Year
’26	1,179	1,376	1,413	—	—
’25	1,030	1,098	1,148	1,209	4,485
’24	896	955	992	1,014	3,858
’23	621	688	723	936	2,968
’22	490	539	570	610	2,208
’21	418	467	472	509	1,866
’20	506	468	386	426	1,787

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Jan	Apr	Jul	Oct	Year
’26	179	292	345	—	—
’25	203	205	231	295	934
’24	112	141	214	206	672
’23	77	78	146	148	449
’22	78	97	149	144	468
’21	107	103	124	110	444
’20	81	125	93	110	409

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Jan	Apr	Jul	Oct	Year
’26	165	274	323	—	—
’25	186	189	218	268	861
’24	98	128	198	190	614
’23	66	67	134	133	399
’22	69	89	141	136	436
’21	92	96	116	104	408
’20	74	119	88	105	386

Fiscal quarters ending in the months shown.

EPS $

	Jan	Apr	Jul	Oct	Year
’26	1.35	1.66	1.67	—	—
’25	1.20	1.12	1.26	1.33	4.90
’24	0.82	0.88	0.97	0.99	3.67
’23	0.67	0.76	0.74	0.74	2.91
’22	0.63	0.62	0.60	0.70	2.55
’21	0.51	0.51	0.56	0.62	2.21
’20	0.89	0.55	0.40	0.45	2.29

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	26.04	38.40	58.36	72.81	52.01	115.57	126.95	149.05	169.70	216.68	Analyst estimates 2026–2028 Powerpack
	High	42.17	64.90	94.12	147.93	137.97	151.60	165.79	191.00	283.60	340.11
People
People	Employees	4,700	5,100	5,400	5,900	5,200	5,600	6,500	9,600	10,000	11,100
	Revenue/emp, $m	0.29	0.30	0.33	0.35	0.34	0.33	0.34	0.31	0.39	0.40
Income, $m
Income, $m	Revenue	1,376	1,525	1,778	2,056	1,787	1,866	2,208	2,968	3,858	4,485
	Gross margin, %	37.46	37.69	38.85	39.59	38.17	38.99	39.07	38.86	38.93	39.83
	EBT	257	298	356	438	365	387	491	555	678	894
	EBT margin, %	18.68	19.54	20.04	21.30	20.42	20.75	22.24	18.71	17.56	19.92
	Net income	176	208	286	360	336	330	391	444	559	746
	Depreciation	60	65	77	83	89	93	96	130	175	196
Per share, $
Per share, $	Revenue	10.51	11.58	13.41	15.38	13.26	13.79	16.24	21.64	27.86	32.26
	Earnings	1.19	1.41	1.96	2.45	2.33	2.25	2.59	2.94	3.71	4.97
	Cash flow	1.98	2.19	2.48	3.27	3.04	3.28	3.44	3.27	4.86	6.72
	Capex	(0.24)	(0.20)	(0.32)	(0.22)	(0.17)	(0.27)	(0.24)	(0.36)	(0.42)	(0.52)
	Free cash flow	1.75	1.99	2.16	3.06	2.87	3.01	3.20	2.91	4.44	6.19
	Book value	8.00	9.48	11.34	12.68	14.92	16.97	19.47	23.28	26.70	31.49
	Shares, m	131	132	133	134	135	135	136	137	138	139
Valuation, ×
Valuation, ×	P/E	28.87	41.07	42.68	50.14	46.62	61.24	62.80	53.88	65.85	64.07
	P/S	3.29	5.01	6.25	8.02	8.19	10.00	10.02	7.32	8.79	9.85
	P/B	4.32	6.12	7.39	9.73	7.28	8.12	8.35	6.81	9.17	10.09
	EV/Sales	3.59	5.42	6.52	8.26	8.38	10.06	10.09	8.10	9.33	10.29
	EV/FCF	21.61	31.51	40.42	41.59	38.77	46.03	51.10	60.20	58.59	53.56
Cash, $m
Cash, $m	Operating cash flow	260	288	328	437	409	444	468	449	672	934
	Capex	(31)	(26)	(42)	(29)	(23)	(36)	(32)	(49)	(58)	(73)
	Free cash flow	229	262	287	408	386	408	436	399	614	861
Balance, $m
Balance, $m	Working capital	329	382	451	525	924	643	732	1,190	1,398	1,524
	Total debt	458	674	532	562	740	236	290	2,478	2,229	2,168
	Net debt	415	622	473	505	333	128	151	2,307	2,067	1,950
	Shareholders’ equity	1,048	1,248	1,503	1,695	2,011	2,297	2,648	3,193	3,697	4,379
Returns, %
Returns, %	ROA	8.36	8.25	10.04	11.66	9.64	8.64	9.26	7.15	6.95	8.58
	ROIC	11.34	10.25	11.90	12.99	10.04	10.13	11.09	7.11	8.94	10.06
	ROE	16.09	16.20	18.84	20.51	16.95	14.12	14.22	13.82	14.92	17.10

Negative figures in brackets.

All 10 years →

Fiscal years to Oct 2025 · latest quarter Jul 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
TDG Transdigm Group Incorporated	$61.9B	33.7×	35.3×	+22.53% (above 0%: growing)	+10.86% (above 0%: growing)	+13.44% (above 0%: growing)	59.39%	44.76%	Compare
LHX L3Harris Technologies Inc	$44.4B	23.6×	26.5×	+8.39% (above 0%: growing)	+28.57% (above 0%: growing)	+37.43% (above 0%: growing)	25.54%	11.12%	Compare
RKLB Rocket Lab Corporation	$39.3B	— (loss-making)	— (loss-making)	+61.99% (above 0%: growing)	n/m	−99.66% (below 0%: shrinking)	36.13%	(24.57%)	Compare
HEI.A Heico Corporation	$35.3B	36.4×	55.0×	+23.13% (above 0%: growing)	+33.07% (above 0%: growing)	+47.74% (above 0%: growing)	41.12%	25.14%	Compare
HEI Heico Corporation	$35.2B	48.8×	55.0×	+23.13% (above 0%: growing)	+33.07% (above 0%: growing)	+47.74% (above 0%: growing)	41.12%	25.14%
AXON Axon Enterprise, Inc	$33.7B	167×	136×	+35.28% (above 0%: growing)	−19.57% (below 0%: shrinking)	+99.15% (above 0%: growing)	60.42%	5.17%	Compare
ESLT Elbit Systems Ltd.	$30.7B	48.8×	53.2×	+15.94% (above 0%: growing)	+34.42% (above 0%: growing)	+113.91% (above 0%: growing)	25.32%	9.57%	Compare
WWD Woodward, Inc.	$19.6B	35.9×	38.5×	+21.22% (above 0%: growing)	+35.71% (above 0%: growing)	−12.15% (below 0%: shrinking)	31.53%	16.66%	Compare
CW Curtiss-Wright Corporation	$18.6B	34.4×	48.5×	+5.41% (above 0%: growing)	+27.41% (above 0%: growing)	+37.04% (above 0%: growing)	39.40%	19.34%	Compare
Median of peers	$34.5B	35.9×	48.5×	+21.88%	+28.57%	+37.24%	37.77%	13.89%

All 82 Aerospace & Defense stocks →

Heico Corporation (HEI) key facts

Strength: Heico Corporation’s revenue for fiscal 2025 (year ended October 2025) was $4.5 billion, up 16.3% from fiscal 2024.
Strength: Net income was $745.6 million, or $4.97 per share (basic), a net margin of 15.4%.
Heico Corporation (HEI) is an Aerospace & Defense company in the Industrials sector, listed on the New York Stock Exchange.
As of October 13, 2026, HEI traded at $296.73, a market capitalization of $35.2 billion.
At that price the stock trades at 48.8× trailing-twelve-month earnings and 8.0× sales; its P/E is higher than 38% of its own readings over the past ten years.
Heico Corporation pays an annual dividend of $0.25 per share, a yield of 0.08%, with a payout ratio of 4.16%.
Return on equity was 17.1% and debt-to-equity 0.51.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 8.17 (safe zone) for fiscal 2025.