HEICO profit margin HEI
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 16.4%
- Operating margin, 12 months
- 24.0%
- Net margin on a year earlier
- +1.4 pts
- Peer median
- 14.0%
Over the twelve months to Jul 31, 2026, HEICO kept 16.4% of its revenue as net profit, with an operating margin of 24.0% and a gross margin of 40.4%.
Five years earlier its net margin was 15.7%.
The median for 10 aerospace and defense stocks of a similar size is 14.0%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 15.4% | 22.7% | 39.8% |
| FY2024 | 13.3% | 21.4% | 38.9% |
| FY2023 | 13.6% | 21.1% | 38.9% |
| FY2022 | 15.9% | 22.5% | 39.1% |
| FY2021 | 16.3% | 21.1% | 39.0% |
| FY2020 | 17.6% | 21.1% | 38.2% |
| FY2019 | 16.0% | 22.2% | 39.6% |
| FY2018 | 14.6% | 21.2% | 38.9% |
| FY2017 | 12.2% | 20.1% | 37.7% |
| FY2016 | 11.3% | 19.3% | 37.5% |
| FY2015 | 11.2% | 19.3% | 36.5% |
| FY2014 | 10.7% | 18.0% | 35.2% |
| FY2013 | 10.2% | 18.2% | 36.8% |
| FY2012 | 9.5% | 18.2% | 36.5% |
| FY2011 | 9.5% | 18.1% | 35.9% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | 16.4% | +1.4 pts | 24.0% | |
| Q2 FY26 | 16.1% | +1.5 pts | 23.5% | |
| Q1 FY26 | 15.4% | +1.2 pts | 22.7% | |
| Q4 FY25 | 15.4% | +2.1 pts | 22.7% | |
| Q3 FY25 | 15.0% | +2.3 pts | 22.3% | |
| Q2 FY25 | 14.5% | +1.9 pts | 22.0% | |
| Q1 FY25 | 14.2% | +1.1 pts | 21.8% | |
| Q4 FY24 | 13.3% | −0.3 pts | 21.4% | |
| Q3 FY24 | 12.6% | −2.4 pts | 21.0% | |
| Q2 FY24 | 12.6% | −2.6 pts | 20.7% | |
| Q1 FY24 | 13.1% | −2.2 pts | 20.8% | |
| Q4 FY23 | 13.6% | −2.3 pts | 21.1% |
Against its peers
Companies in Aerospace & Defense nearest HEICO's size, closest first, today.
| Company | Profit margin |
|---|---|
| HEIHEICO | 16.4% |
| LHXL3Harris Technologies | n/m |
| AXONAxon Enterprise | 6.2% |
| HONAHoneywell Aerospace | n/m |
| TDGTransDigm | 21.3% |
| HWMHowmet Aerospace | 20.5% |
| NOCNorthrop Grumman | 10.5% |
| GDGeneral Dynamics | 8.2% |
| WWDWoodward | 13.2% |
| CWCurtiss-Wright | 14.8% |
| FTAIFTAI Aviation | 15.9% |
| Peer median | 14.0% |
Where HEICO ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on HEICO
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.