HEINYSEAircraft Engines & Engine PartsFiscal year ends October 31Also trades as HEI.A
HEICO CORP
Financials through Q3 FY2026, quarter ended Jul 31, 2026Last filing: 10-Q on Aug 27, 2026
$308.17−1.70 (-0.55%)
Close on Oct 19, 2026
- Market cap
- $43.53B
- P/E (TTM)
- 51.3
- Dividend yield
- 0.07%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
39.8%+1.7 pts over 5 years
Operating margin
22.7%+1.6 pts over 5 years
Net margin
15.4%−2.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +16.3% | +26.6% | +20.2% | +14.2% | |
| Gross profit | +19.0% | +27.5% | +21.2% | +15.2% | |
| Operating income | +23.6% | +27.1% | +22.0% | +16.1% | |
| Net income | +34.3% | +25.2% | +17.1% | +17.9% | |
| EPS, diluted | +33.5% | +24.3% | +16.4% | +17.2% | |
| Free cash flow | +40.3% | +25.5% | +17.4% | +18.7% | |
| Dividend per share | +9.5% | +8.5% | +7.5% | +12.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 17.6% | 17.2% | 17.4% | |
| Return on assets | 8.4% | 9.6% | 8.6% | |
| Current ratio | 2.53 | 4.83 | 2.83 | |
| Debt to equity | 0.48 | 0.37 | 0.50 | |
| Net debt to EBITDA | 1.25× | 0.72× | 1.60× | |
| Interest coverage | 32.1× | 28.6× | 7.8× | |
| Inventory turnover | 3.2× | 2.5× | 2.2× | |
| Capex to revenue | 2.2% | 1.3% | 1.6% | |
| Diluted shares | 133M | 137M | 141M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Heico generated $2.97B from operations and spent $384.62M on capital expenditure, dividends and share buybacks. 65% of that went back into the business.
Generated
$2.97B
Used
$384.62M
Capital expenditure$248.75M65%Dividends$135.88M35%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin15.4%
×Asset turnover0.56×
×Equity multiplier2.03×
=Return on equity, FY202517.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 15.4% | 0.56× | 2.03× | 17.4% |
| FY2024 | 13.3% | 0.52× | 2.18× | 15.2% |
| FY2023 | 13.6% | 0.53× | 1.96× | 14.0% |
| FY2022 | 15.9% | 0.58× | 1.56× | 14.4% |
| FY2021 | 16.3% | 0.53× | 1.66× | 14.3% |
| FY2020 | 17.6% | 0.55× | 1.79× | 17.2% |
| FY2019 | 16.0% | 0.73× | 1.83× | 21.4% |
| FY2018 | 14.6% | 0.69× | 2.02× | 20.3% |
| FY2017 | 12.2% | 0.68× | 2.12× | 17.5% |
| FY2016 | 11.3% | 0.74× | 2.09× | 17.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$690.39M
- Cash generatingOperating cash flow above zero$934.27M
- Return on assets improvedROA up on the prior year7.1% → 9.1%
- Earnings backed by cashOperating cash flow above net income$934.27M vs $690.39M
- Less leverageLong-term debt to assets fell29.3% → 25.5%
- Better liquidityCurrent ratio rose3.11 → 2.83
- No dilutionShare count did not rise140M → 141M
- Gross margin improvedGross margin up on the prior year38.93% → 39.83%
- More efficientAsset turnover rose0.54 → 0.59