What is Heico Corp's earnings per share (EPS)?

Heico Corp (HEI) reported diluted earnings per share of $4.90 for fiscal year 2025. This represents a 33.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Heico Corp Financials

HEI

Trailing 12 months to July 31, 2026

Revenue $5.2B +20.7% YoY

Net Income $847.7M +32.1% YoY

EPS (Diluted) $6.01 +31.2% YoY

Free Cash Flow $1.0B +31.7% YoY

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jul 31, 2026 Reported Aug 27, 2026 Currency USD FYE October

Heico Corp (HEI) reported $5.2B in revenue over the twelve months to Jul 31, 2026, up 20.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI HEI FY2025 2026-08-27

Acquisition-led scale followed by debt reduction is HEICO’s dominant business mechanic as margins and cash conversion strengthen.

The goodwill balance reached $3.3B as debt-to-equity reached 0.8x, a combination consistent with acquisition-led expansion. By the latest year, debt-to-equity was 0.5x and free cash flow was $861M, indicating subsequent deleveraging had an operating-cash source.

Revenue reached $4.5B from $3.0B; that scale-up points to a materially larger earnings engine rather than simple cost cutting. Operating margin widened to 22.7% while gross margin was near 40.0%, supporting a role for operating efficiency or mix in the improved profit capture.

Operating cash flow of $934M exceeded net income of $690M, so reported earnings translated into more cash than accounting profit alone. Capital intensity remained modest: free cash flow of $861M was produced against capital expenditures of $72.9M.

Financial Health Signals

Financial Health Score 75/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Heico Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Heico Corp has an operating margin of 22.7%, meaning the company retains $23 of operating profit per $100 of revenue. This strong profitability earns a score of 92/100, reflecting efficient cost management and pricing power. This is up from 21.4% the prior year.

Growth

Heico Corp's revenue surged 16.3% year-over-year to $4.5B, reflecting rapid business expansion. This strong growth earns a score of 84/100.

Leverage

Heico Corp has a moderate D/E ratio of 0.50. This balance of debt and equity financing earns a leverage score of 35/100.

Liquidity

With a current ratio of 2.83, Heico Corp holds $2.83 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 75/100.

Cash Flow

Heico Corp converts 19.2% of revenue into free cash flow ($861.4M). This strong cash generation earns a score of 83/100.

Returns

Heico Corp earns a strong 16.0% return on equity (ROE), meaning it generates $16 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 80/100. This is up from 14.1% the prior year.

Altman Z-Score Safe

9.46

Heico Corp scores 9.46, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($47.0B) relative to total liabilities ($3.7B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

7/9

Heico Corp passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.35x

For every $1 of reported earnings, Heico Corp generates $1.35 in operating cash flow ($934.3M OCF vs $690.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

7.85x

Heico Corp earns $7.85 in operating income for every $1 of interest expense ($1.0B vs $129.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.5B

YoY+16.3%

5Y CAGR+20.2%

10Y CAGR+14.2%

Heico Corp generated $4.5B in revenue in fiscal year 2025. This represents an increase of 16.3% from the prior year.

EBITDA

$1.2B

YoY+21.5%

5Y CAGR+21.2%

10Y CAGR+15.9%

Heico Corp's EBITDA was $1.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.5% from the prior year.

Net Income

$690.4M

YoY+34.3%

5Y CAGR+17.1%

10Y CAGR+17.9%

Heico Corp reported $690.4M in net income in fiscal year 2025. This represents an increase of 34.3% from the prior year.

EPS (Diluted)

$4.90

YoY+33.5%

5Y CAGR+16.4%

Heico Corp earned $4.90 per diluted share (EPS) in fiscal year 2025. This represents an increase of 33.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$861.4M

YoY+40.3%

5Y CAGR+17.4%

10Y CAGR+18.7%

Heico Corp generated $861.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 40.3% from the prior year.

Cash & Debt

$217.8M

YoY+34.3%

5Y CAGR-11.7%

10Y CAGR+20.5%

Heico Corp held $217.8M in cash against $2.2B in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.23

YoY+9.5%

5Y CAGR+7.5%

Heico Corp paid $0.23 per share in dividends in fiscal year 2025. This represents an increase of 9.5% from the prior year.

Shares Outstanding

55M

YoY+0.3%

5Y CAGR+0.3%

Heico Corp had 55M shares outstanding in fiscal year 2025. This represents an increase of 0.3% from the prior year.

Margins & Returns

Gross Margin

39.8%

YoY+0.9pp

5Y CAGR+1.7pp

10Y CAGR+3.3pp

Heico Corp's gross margin was 39.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the prior year.

Operating Margin

22.7%

YoY+1.4pp

5Y CAGR+1.6pp

10Y CAGR+3.4pp

Heico Corp's operating margin was 22.7% in fiscal year 2025, reflecting core business profitability. This is up 1.4 percentage points from the prior year.

Net Margin

15.4%

YoY+2.1pp

5Y CAGR-2.2pp

10Y CAGR+4.2pp

Heico Corp's net profit margin was 15.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.1 percentage points from the prior year.

Return on Equity

16.0%

YoY+1.9pp

5Y CAGR+0.2pp

10Y CAGR-0.4pp

Heico Corp's ROE was 16.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.9 percentage points from the prior year.

Capital Allocation

R&D Spending

$120.9M

YoY+8.7%

5Y CAGR+13.0%

10Y CAGR+12.1%

Heico Corp invested $120.9M in research and development in fiscal year 2025. This represents an increase of 8.7% from the prior year.

Capital Expenditures

$72.9M

YoY+25.1%

5Y CAGR+26.0%

10Y CAGR+14.9%

Heico Corp invested $72.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 25.1% from the prior year.

Share Buybacks

Not reported for fiscal year 2025.

HEI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HEI quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$5.2B	$4.5B+16.3%	$3.9B+30.0%	$3.0B+34.4%	$2.2B+18.4%	$1.9B+4.4%	$1.8B-13.1%	$2.1B+15.6%	$1.8B+16.6%	$1.5B+10.8%	$1.4B+15.8%	$1.2B+5.0%	$1.1B+12.2%	$1.0B+12.4%	$897.3M+17.3%	$764.9M
Cost of Revenue	$3.1B	$2.7B+14.5%	$2.4B+29.8%	$1.8B+34.9%	$1.3B+18.2%	$1.1B+3.0%	$1.1B-11.0%	$1.2B+3055.8%	$39.4M+33.4%	$29.5M-96.6%	$860.8M+14.1%	$754.5M+2.8%	$734.0M+15.1%	$637.6M+11.9%	$569.9M+16.2%	$490.4M
Gross Profit	$2.1B	$1.8B+19.0%	$1.5B+30.2%	$1.2B+33.7%	$862.8M+18.6%	$727.4M+6.6%	$682.1M-16.2%	$813.8M-53.2%	$1.7B+16.3%	$1.5B+190.1%	$515.5M+18.7%	$434.2M+9.0%	$398.3M+7.3%	$371.2M+13.4%	$327.4M+19.3%	$274.4M
R&D Expenses	$137.1M	$120.9M+8.7%	$111.3M+16.2%	$95.8M+25.9%	$76.1M+10.4%	$68.9M+5.1%	$65.6M-1.6%	$66.6M+16.0%	$57.5M+23.6%	$46.5M+3.9%	$44.7M+15.4%	$38.7M+3.7%	$37.4M+13.6%	$32.9M+8.2%	$30.4M+19.7%	$25.4M
SG&A Expenses	$846.8M	$767.5M+13.3%	$677.3M+28.2%	$528.1M+44.3%	$365.9M+9.4%	$334.5M+9.5%	$305.5M-14.4%	$356.7M+13.4%	$314.5M+17.3%	$268.1M+7.2%	$250.1M+22.3%	$204.5M+4.9%	$194.9M+3.9%	$187.6M+14.3%	$164.1M+20.7%	$136.0M
Operating Income	$1.2B	$1.0B+23.6%	$824.5M+31.8%	$625.3M+25.9%	$496.8M+26.5%	$392.9M+4.3%	$376.6M-17.6%	$457.1M+21.5%	$376.2M+22.7%	$306.7M+15.6%	$265.3M+15.5%	$229.7M+12.9%	$203.4M+10.8%	$183.6M+12.4%	$163.3M+18.0%	$138.4M
Interest Expense	$132.4M	$129.9M-13.0%	$149.3M+3829.3%	$3.8M-40.5%	$6.4M-12.3%	$7.3M-44.6%	$13.2M-39.3%	$21.7M+9.0%	$19.9M+103.3%	$9.8M+18.4%	$8.3M+78.8%	$4.6M-15.0%	$5.4M+46.4%	$3.7M+52.8%	$2.4M+1612.7%	$142K
Income Tax	$204.6M	$148.0M+24.9%	$118.5M+6.9%	$110.9M+10.5%	$100.4M+75.2%	$57.3M+97.6%	$29.0M-62.9%	$78.1M+10.6%	$70.6M-21.8%	$90.3M+11.6%	$80.9M+13.3%	$71.4M+19.4%	$59.8M+6.4%	$56.2M+3.1%	$54.5M+27.0%	$42.9M
Net Income	$847.7M	$690.4M+34.3%	$514.1M+27.4%	$403.6M+14.8%	$351.7M+15.6%	$304.2M-3.1%	$314.0M-4.2%	$327.9M+26.5%	$259.2M+39.4%	$186.0M+19.1%	$156.2M+17.1%	$133.4M+10.0%	$121.3M+18.5%	$102.4M+20.3%	$85.1M+16.9%	$72.8M
EPS (Diluted)	$6.01	$4.90+33.5%	$3.67+26.1%	$2.91+14.1%	$2.55+15.4%	$2.21-3.5%	$2.29-4.2%	$2.39+25.8%	$1.90+38.7%	$1.37+17.1%	$1.17	$1.57-12.8%	$1.80+17.6%	$1.53+19.5%	$1.28+16.4%	$1.10

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$1.4B+2.7%	$1.4B+16.7%	$1.2B-2.5%	$1.2B+5.4%	$1.1B+4.5%	$1.1B+6.6%	$1.0B+1.6%	$1.0B
Cost of Revenue	$832.1M+3.2%	$806.2M+11.4%	$723.6M0.0%	$723.6M+4.8%	$690.4M+4.6%	$660.0M+5.7%	$624.6M+0.8%	$619.8M
Gross Profit	$581.0M+2.0%	$569.5M+25.2%	$455.0M-6.4%	$485.8M+6.3%	$457.2M+4.4%	$437.8M+7.9%	$405.7M+3.0%	$393.9M
R&D Expenses	$36.1M-0.9%	$36.4M+14.0%	$31.9M-2.2%	$32.7M+2.3%	$31.9M+11.1%	$28.7M+4.1%	$27.6M-3.0%	$28.5M
SG&A Expenses	$225.8M+3.1%	$219.1M+12.3%	$195.1M-5.7%	$206.8M+7.6%	$192.1M+1.3%	$189.7M+6.0%	$178.9M+2.1%	$175.2M
Operating Income	$355.2M+1.4%	$350.4M+34.8%	$259.9M-6.9%	$279.0M+5.3%	$265.0M+6.8%	$248.2M+9.4%	$226.8M+3.7%	$218.6M
Interest Expense	$35.9M+5.1%	$34.2M+15.9%	$29.5M-10.2%	$32.9M+3.6%	$31.7M-3.5%	$32.9M+1.3%	$32.5M-8.3%	$35.4M
Income Tax	$66.1M-1.6%	$67.2M+151.7%	$26.7M-40.1%	$44.6M+0.7%	$44.3M-2.4%	$45.4M+231.4%	$13.7M-58.5%	$33.0M
Net Income	$235.4M+0.7%	$233.8M+22.9%	$190.2M+1.0%	$188.3M+6.2%	$177.3M+13.1%	$156.8M-6.6%	$168.0M+20.2%	$139.7M
EPS (Diluted)	$1.67+0.6%	$1.66+23.0%	$1.35+1.5%	$1.33+5.6%	$1.26+12.5%	$1.12-6.7%	$1.20+20.0%	$1.00

HEI Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HEI quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$8.5B+12.0%	$7.6B+5.5%	$7.2B+75.7%	$4.1B+17.1%	$3.5B-1.4%	$3.5B+19.5%	$3.0B+11.9%	$2.7B+5.6%	$2.5B+25.7%	$2.0B+17.5%	$1.7B+14.2%	$1.5B-2.9%	$1.5B+28.5%	$1.2B+26.8%	$941.1M
Current Assets	$2.4B+14.3%	$2.1B+11.2%	$1.9B+61.0%	$1.2B+23.0%	$937.4M-19.6%	$1.2B+43.2%	$813.7M+10.9%	$733.8M+16.1%	$631.9M+16.3%	$543.2M+7.9%	$503.6M+16.8%	$431.3M-2.3%	$441.5M+20.0%	$367.9M+16.2%	$316.6M
Cash & Equivalents	$217.8M+34.3%	$162.1M-5.2%	$171.0M+22.6%	$139.5M+28.8%	$108.3M-73.4%	$406.9M+613.8%	$57.0M-4.4%	$59.6M+14.5%	$52.1M0.0%	$52.1M+54.9%	$33.6M+66.1%	$20.2M+30.5%	$15.5M-27.7%	$21.5M+22.6%	$17.5M
Inventory	$1.3B+10.6%	$1.2B+15.5%	$1.0B+74.0%	$582.5M+21.8%	$478.1M+3.2%	$463.2M+10.2%	$420.3M+4.7%	$401.6M+16.9%	$343.6M+20.0%	$286.3M+17.6%	$243.5M+11.7%	$218.0M-0.4%	$218.9M+15.4%	$189.7M+15.0%	$165.0M
Accounts Receivable	$637.6M+18.4%	$538.5M+5.8%	$509.1M+72.7%	$294.8M+20.4%	$244.9M+16.4%	$210.4M-23.3%	$274.3M+15.6%	$237.3M+6.7%	$222.5M+10.0%	$202.2M+11.4%	$181.6M+21.3%	$149.7M	N/A	N/A	N/A
Goodwill	$3.7B+8.3%	$3.4B+3.2%	$3.3B+95.8%	$1.7B+15.3%	$1.5B+4.9%	$1.4B+9.0%	$1.3B+13.8%	$1.1B+3.1%	$1.1B+24.9%	$865.7M+12.9%	$766.6M+11.7%	$686.3M-0.3%	$688.5M+27.0%	$542.1M+22.3%	$443.4M
Total Liabilities	$3.7B+3.5%	$3.5B-3.0%	$3.6B+224.9%	$1.1B+18.0%	$948.9M-27.9%	$1.3B+21.1%	$1.1B+6.7%	$1.0B-10.1%	$1.1B+33.1%	$851.2M+13.2%	$751.8M+11.4%	$674.6M-10.1%	$750.6M+84.9%	$405.9M+58.9%	$255.5M
Current Liabilities	$832.0M+25.3%	$663.9M-0.2%	$665.3M+58.1%	$420.9M+42.7%	$294.9M+22.3%	$241.2M-16.6%	$289.1M+2.4%	$282.4M+13.2%	$249.4M+16.3%	$214.4M+27.3%	$168.4M+10.6%	$152.2M-5.6%	$161.3M+22.6%	$131.5M+6.6%	$123.4M
Long-Term Debt	$2.2B-2.7%	$2.2B-9.6%	$2.5B+752.4%	$288.6M+22.8%	$235.0M-68.2%	$738.8M+31.7%	$561.0M+5.5%	$531.6M-21.1%	$673.5M+47.1%	$457.8M+24.7%	$367.2M+11.7%	$328.7M-12.8%	$376.8M+187.2%	$131.2M+229.4%	$39.8M
Total Equity	$4.3B+18.4%	$3.6B+15.6%	$3.1B+20.7%	$2.6B+15.2%	$2.3B+14.3%	$2.0B+18.8%	$1.7B+19.2%	$1.4B+20.4%	$1.2B+20.5%	$963.4M+19.0%	$809.9M+15.8%	$699.5M+15.4%	$606.3M-1.7%	$616.7M+16.6%	$529.1M
Retained Earnings	$3.6B+19.1%	$3.1B+17.5%	$2.6B+15.6%	$2.3B+15.6%	$1.9B+15.5%	$1.7B+20.8%	$1.4B+28.1%	$1.1B+29.2%	$844.2M+23.8%	$681.7M+24.4%	$548.1M+25.2%	$437.8M+25.2%	$349.6M-6.8%	$375.1M+25.2%	$299.5M

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$9.9B+3.6%	$9.6B+6.1%	$9.0B+6.4%	$8.5B-0.4%	$8.5B+5.4%	$8.1B+2.6%	$7.9B+3.9%	$7.6B
Current Assets	$2.7B+3.4%	$2.6B+6.3%	$2.5B+5.2%	$2.4B-1.2%	$2.4B+4.5%	$2.3B+8.6%	$2.1B+2.0%	$2.1B
Cash & Equivalents	$241.0M+14.6%	$210.3M-19.4%	$261.0M+19.8%	$217.8M-16.8%	$261.9M+8.1%	$242.3M+46.4%	$165.5M+2.1%	$162.1M
Inventory	$1.4B+2.6%	$1.4B+5.4%	$1.3B+3.3%	$1.3B-1.1%	$1.3B+5.3%	$1.2B+2.1%	$1.2B+4.1%	$1.2B
Accounts Receivable	$736.3M+0.2%	$735.0M+12.7%	$652.0M+2.3%	$637.6M+6.7%	$597.6M+1.1%	$591.4M+13.0%	$523.3M-2.8%	$538.5M
Goodwill	$4.4B+3.8%	$4.2B+7.5%	$3.9B+6.7%	$3.7B+0.4%	$3.6B+3.3%	$3.5B+1.1%	$3.5B+3.3%	$3.4B
Total Liabilities	$4.3B+2.2%	$4.2B+5.1%	$4.0B+9.4%	$3.7B-5.9%	$3.9B+7.2%	$3.6B-1.0%	$3.7B+3.6%	$3.5B
Current Liabilities	$1.0B+11.0%	$903.6M+11.5%	$810.6M-2.6%	$832.0M+17.0%	$711.3M+7.0%	$664.9M+7.5%	$618.3M-6.9%	$663.9M
Long-Term Debt	$2.5B-1.8%	$2.6B+3.2%	$2.5B+15.7%	$2.2B-11.4%	$2.4B+7.5%	$2.3B-3.2%	$2.3B+5.6%	$2.2B
Total Equity	$4.9B+3.7%	$4.8B+6.0%	$4.5B+4.6%	$4.3B+4.0%	$4.1B+4.4%	$4.0B+5.9%	$3.7B+3.0%	$3.6B
Retained Earnings	$4.2B+4.7%	$4.0B+5.5%	$3.8B+4.8%	$3.6B+4.6%	$3.5B+4.8%	$3.3B+4.7%	$3.2B+3.9%	$3.1B

HEI Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HEI quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$1.1B	$934.3M+39.0%	$672.4M+49.8%	$448.7M-4.1%	$467.9M+5.4%	$444.1M+8.5%	$409.1M-6.5%	$437.4M+33.1%	$328.5M+13.9%	$288.3M+11.0%	$259.7M+50.2%	$172.9M-9.3%	$190.7M+44.6%	$131.8M-4.9%	$138.6M+10.4%	$125.5M
Capital Expenditures	$81.0M	$72.9M+25.1%	$58.3M+17.9%	$49.4M+54.6%	$32.0M-11.6%	$36.2M+57.7%	$22.9M-20.7%	$28.9M-30.9%	$41.9M+61.1%	$26.0M-15.8%	$30.9M+69.1%	$18.2M+11.2%	$16.4M-10.5%	$18.3M+20.1%	$15.3M+61.6%	$9.4M
Free Cash Flow	$1.0B	$861.4M+40.3%	$614.1M+53.8%	$399.3M-8.4%	$435.9M+6.9%	$407.9M+5.6%	$386.2M-5.4%	$408.4M+42.5%	$286.6M+9.3%	$262.3M+14.6%	$228.8M+48.0%	$154.6M-11.3%	$174.3M+53.5%	$113.5M-8.0%	$123.3M+6.2%	$116.1M
Investing Cash Flow	-$1.1B	-$731.7M-149.6%	-$293.2M+88.2%	-$2.5B-527.7%	-$395.8M-115.8%	-$183.5M+7.8%	-$199.0M+29.1%	-$280.6M-147.2%	-$113.5M+75.2%	-$458.2M-48.7%	-$308.1M-65.7%	-$186.0M	N/A	N/A	-$212.7M-104.7%	-$103.9M
Financing Cash Flow	-$25.9M	-$150.7M+61.3%	-$389.4M-118.9%	$2.1B+6203.7%	-$33.8M+93.9%	-$559.0M-505.8%	$137.7M+186.2%	-$159.7M+23.0%	-$207.5M-218.0%	$175.9M+209.8%	$56.8M+107.7%	$27.3M	N/A	N/A	$78.4M+835.1%	-$10.7M
Dividends Paid	$34.9M	$32.0M+10.0%	$29.1M+6.2%	$27.4M+11.9%	$24.5M+6.4%	$23.0M+6.7%	$21.6M+15.3%	$18.7M+21.7%	$15.4M+20.0%	$12.8M+19.4%	$10.7M+14.8%	$9.3M-70.1%	$31.2M-74.1%	$120.4M+2015.7%	$5.7M+26.6%	$4.5M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	$345.3M+18.3%	$292.0M+63.5%	$178.6M-39.5%	$295.3M+27.7%	$231.2M+13.0%	$204.7M+0.8%	$203.0M-1.3%	$205.6M
Capital Expenditures	$22.6M+25.0%	$18.1M+33.7%	$13.5M-49.7%	$26.8M+110.8%	$12.7M-20.2%	$16.0M-7.9%	$17.3M+7.8%	$16.1M
Free Cash Flow	$322.8M+17.8%	$273.9M+65.9%	$165.1M-38.5%	$268.5M+22.9%	$218.5M+15.8%	$188.7M+1.6%	$185.7M-2.0%	$189.5M
Investing Cash Flow	-$221.9M+45.1%	-$404.0M+9.6%	-$447.0M-1214.7%	-$34.0M+90.5%	-$357.9M-591.5%	-$51.8M+82.0%	-$288.0M-59.1%	-$181.1M
Financing Cash Flow	-$91.9M-247.5%	$62.3M-79.9%	$309.6M+201.2%	-$305.9M-309.6%	$146.0M+279.2%	-$81.4M-189.8%	$90.7M+238.8%	-$65.3M
Dividends Paid	$18.2M	$0-100.0%	$16.7M	$0-100.0%	$16.7M	$0-100.0%	$15.3M	$0

Not reported in any period shown, so not listed: Share Buybacks.

HEI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

HEI quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	39.8%+0.9pp	38.9%+0.1pp	38.9%-0.2pp	39.1%+0.1pp	39.0%+0.8pp	38.2%-1.4pp	39.6%-58.2pp	97.8%-0.3pp	98.1%+60.6pp	37.5%+0.9pp	36.5%+1.4pp	35.2%-1.6pp	36.8%+0.3pp	36.5%+0.6pp	35.9%
Operating Margin	22.7%+1.4pp	21.4%+0.3pp	21.1%-1.4pp	22.5%+1.4pp	21.1%0.0pp	21.1%-1.2pp	22.2%+1.1pp	21.2%+1.1pp	20.1%+0.8pp	19.3%0.0pp	19.3%+1.4pp	18.0%-0.2pp	18.2%0.0pp	18.2%+0.1pp	18.1%
Net Margin	15.4%+2.1pp	13.3%-0.3pp	13.6%-2.3pp	15.9%-0.4pp	16.3%-1.3pp	17.6%+1.6pp	16.0%+1.4pp	14.6%+2.4pp	12.2%+0.8pp	11.3%+0.1pp	11.2%+0.5pp	10.7%+0.6pp	10.2%+0.7pp	9.5%0.0pp	9.5%
Return on Equity	16.0%+1.9pp	14.1%+1.3pp	12.8%-0.7pp	13.5%+0.1pp	13.4%-2.4pp	15.9%-3.8pp	19.7%+1.1pp	18.5%+2.5pp	16.0%-0.2pp	16.2%-0.3pp	16.5%-0.9pp	17.3%+0.5pp	16.9%+3.1pp	13.8%+0.1pp	13.8%
Return on Assets	8.1%+1.3pp	6.8%+1.2pp	5.6%-3.0pp	8.6%-0.1pp	8.7%-0.2pp	8.8%-2.2pp	11.0%+1.3pp	9.8%+2.4pp	7.4%-0.4pp	7.8%0.0pp	7.8%-0.3pp	8.1%+1.5pp	6.7%-0.5pp	7.1%-0.6pp	7.7%
Current Ratio	2.83-0.3x	3.11+0.3x	2.790.0x	2.74-0.4x	3.18-1.7x	4.83+2.0x	2.81+0.2x	2.60+0.1x	2.530.0x	2.53-0.5x	2.99+0.2x	2.83+0.1x	2.74-0.1x	2.80+0.2x	2.57
Debt-to-Equity	0.50-0.1x	0.61-0.2x	0.78+0.7x	0.110.0x	0.10-0.3x	0.370.0x	0.340.0x	0.38-0.2x	0.58+0.1x	0.480.0x	0.450.0x	0.47-0.2x	0.62+0.4x	0.21+0.1x	0.08
FCF Margin	19.2%+3.3pp	15.9%+2.5pp	13.5%-6.3pp	19.7%-2.1pp	21.9%+0.3pp	21.6%+1.7pp	19.9%+3.7pp	16.1%-1.1pp	17.2%+0.6pp	16.6%+3.6pp	13.0%-2.4pp	15.4%+4.1pp	11.3%-2.5pp	13.7%-1.4pp	15.2%

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	41.1%-0.3pp	41.4%+2.8pp	38.6%-1.6pp	40.2%+0.3pp	39.8%0.0pp	39.9%+0.5pp	39.4%+0.5pp	38.9%
Operating Margin	25.1%-0.3pp	25.5%+3.4pp	22.1%-1.0pp	23.1%0.0pp	23.1%+0.5pp	22.6%+0.6pp	22.0%+0.5pp	21.6%
Net Margin	16.7%-0.3pp	17.0%+0.9pp	16.1%+0.6pp	15.6%+0.1pp	15.4%+1.2pp	14.3%-2.0pp	16.3%+2.5pp	13.8%
Return on Equity	4.8%-0.1pp	4.9%+0.7pp	4.2%-0.2pp	4.4%+0.1pp	4.3%+0.3pp	4.0%-0.5pp	4.5%+0.6pp	3.8%
Return on Assets	2.4%-0.1pp	2.4%+0.3pp	2.1%-0.1pp	2.2%+0.1pp	2.1%+0.1pp	1.9%-0.2pp	2.1%+0.3pp	1.8%
Current Ratio	2.72-0.2x	2.92-0.1x	3.06+0.2x	2.83-0.5x	3.35-0.1x	3.430.0x	3.40+0.3x	3.11
Debt-to-Equity	0.510.0x	0.540.0x	0.56+0.1x	0.50-0.1x	0.590.0x	0.57-0.1x	0.630.0x	0.61
FCF Margin	22.8%+2.9pp	19.9%+5.9pp	14.0%-8.2pp	22.2%+3.2pp	19.0%+1.9pp	17.2%-0.8pp	18.0%-0.7pp	18.7%

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Where Heico Corp Ranks

Frequently Asked Questions

What is Heico Corp's annual revenue?

Heico Corp (HEI) reported $4.5B in total revenue for fiscal year 2025. This represents a 16.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Heico Corp's revenue growing?

Heico Corp (HEI) revenue grew by 16.3% year-over-year, from $3.9B to $4.5B in fiscal year 2025.

Is Heico Corp profitable?

Yes, Heico Corp (HEI) reported a net income of $690.4M in fiscal year 2025, with a net profit margin of 15.4%.

What is Heico Corp's EBITDA?

Heico Corp (HEI) had EBITDA of $1.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Heico Corp have?

As of fiscal year 2025, Heico Corp (HEI) had $217.8M in cash and equivalents against $2.2B in long-term debt.

What is Heico Corp's gross margin?

Heico Corp (HEI) had a gross margin of 39.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Heico Corp's operating margin?

Heico Corp (HEI) had an operating margin of 22.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Heico Corp's net profit margin?

Heico Corp (HEI) had a net profit margin of 15.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Heico Corp pay dividends?

Yes, Heico Corp (HEI) paid $0.23 per share in dividends during fiscal year 2025.

What is Heico Corp's return on equity (ROE)?

Heico Corp (HEI) has a return on equity of 16.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Heico Corp's free cash flow?

Heico Corp (HEI) generated $861.4M in free cash flow during fiscal year 2025. This represents a 40.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Heico Corp's operating cash flow?

Heico Corp (HEI) generated $934.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Heico Corp's total assets?

Heico Corp (HEI) had $8.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Heico Corp's capital expenditures?

Heico Corp (HEI) invested $72.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Heico Corp spend on research and development?

Heico Corp (HEI) invested $120.9M in research and development during fiscal year 2025.

How many shares does Heico Corp have outstanding?

Heico Corp (HEI) had 55M shares outstanding as of fiscal year 2025.

What is Heico Corp's current ratio?

Heico Corp (HEI) had a current ratio of 2.83 as of fiscal year 2025, which is generally considered healthy.

What is Heico Corp's debt-to-equity ratio?

Heico Corp (HEI) had a debt-to-equity ratio of 0.50 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Heico Corp's return on assets (ROA)?

Heico Corp (HEI) had a return on assets of 8.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Heico Corp's Altman Z-Score?

Heico Corp (HEI) has an Altman Z-Score of 9.46, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Heico Corp's Piotroski F-Score?

Heico Corp (HEI) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Heico Corp's earnings high quality?

Heico Corp (HEI) has an earnings quality ratio of 1.35x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Heico Corp cover its interest payments?

Heico Corp (HEI) has an interest coverage ratio of 7.85x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Heico Corp?

Heico Corp (HEI) scores 75 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.