HEICO HEI
- Market cap
- $41.6B
- PE
- 49.5×
- 10y median 59.3×
- Forward PE
- 42.8×
- 10y median 55.2×
- Price to sales
- 8.0×
- EV/EBIT
- 35.3×
- Revenue, 12 months
- $5.2B
- +21% on a year ago
- Net margin
- 16.4%
- Free cash flow yield
- 2.5%
HEICO trades at 49.5× trailing earnings, cheaper than 69% of the last ten years. Revenue was $5.2B over the last twelve months, up 21% on a year earlier with a 16% net margin.
Charts
Financials
| Income statement | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $936.4M+54% | $896.4M+44% | $955.4M+39% | $992.2M+37% | $1B+8% | $1B+15% | $1.1B+15% | $1.1B+16% | $1.2B+19% | $1.2B+14% | $1.4B+25% | $1.4B+23% | |
| Cost of revenue | $572M+55% | $549.6M+46% | $583.6M+39% | $603M+36% | $619.8M+8% | $624.6M+14% | $660M+13% | $690.4M+15% | $723.6M+17% | $723.6M+16% | $806.2M+22% | $832.1M+21% |
| Gross profit | $364.4M+52% | $346.8M+42% | $371.8M+40% | $389.3M+40% | $393.9M+8% | $405.7M+17% | $437.8M+18% | $457.2M+17% | $485.8M+23% | $455M+12% | $569.5M+30% | $581M+27% |
| SG&A | $175M+86% | $166.6M+46% | $162.6M+49% | $172.8M+34% | $175.2M+0% | $178.9M+7% | $189.7M+17% | $192.1M+11% | $206.8M+18% | $195.1M+9% | $219.1M+16% | $225.8M+18% |
| $189.4M+29% | $180.2M+39% | $209.2M+33% | $216.4M+45% | $218.6M+15% | $226.8M+26% | $248.2M+19% | $265M+22% | $279M+28% | $259.9M+15% | $350.4M+41% | $355.2M+34% | |
| Interest expense | $43.4M+1255% | $38.6M+536% | $38.5M+239% | $36.8M+204% | $35.4M−19% | $32.5M−16% | $32.9M−15% | $31.7M−14% | $32.9M−7% | $29.5M−9% | $34.2M+4% | $35.9M+13% |
| Pre-tax income | $147.1M+3% | $142.3M+15% | $171.1M+17% | $180.3M+31% | $183.9M+25% | $195.3M+37% | $215.9M+26% | $235M+30% | $247.4M+35% | $231.5M+19% | $317.5M+47% | $320.6M+36% |
| $33.5M+2% | $16.8M−20% | $36.2M+17% | $32.5M+28% | $33M−2% | $13.7M−19% | $45.4M+25% | $44.3M+36% | $44.6M+35% | $26.7M+95% | $67.2M+48% | $66.1M+49% | |
| Net income | $103.4M+6% | $114.7M+23% | $123.1M+17% | $136.6M+34% | $139.7M+35% | $168M+46% | $156.8M+27% | $177.3M+30% | $188.3M+35% | $190.2M+13% | $233.8M+49% | $235.4M+33% |
| $0.74+6% | $0.82+22% | $0.88+16% | $0.97+31% | $0.99+34% | $1.20+46% | $1.12+27% | $1.26+30% | $1.33+34% | $1.35+13% | $1.66+48% | $1.67+33% | |
| 139.8M+1% | 139.9M+1% | 140.1M+1% | 140.3M+1% | 140.5M+1% | 140.5M+0% | 140.6M+0% | 140.9M+1% | 141M+0% | 141M+0% | 141.1M+0% | 141.3M+0% |
Gross profit: 69 periods, Q3 FY09 to Q3 FY26: not printed by the filing, worked out from its own lines.
EPS, diluted: 7 periods, Q4 FY09 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 16 periods, Q4 FY09 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY13: share-days: the 12-month average over 365 days less the 9-month over 273, the two on one basis (x1.25).
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q4 FY26 | $1.4B | $1.4B to $1.5B | $1.65 | $1.59 to $1.70 | 13 |
| Q1 FY27 | $1.4B | $1.4B to $1.4B | $1.59 | $1.52 to $1.60 | 6 |
| Q2 FY27 | $1.5B | $1.5B to $1.6B | $1.83 | $1.74 to $1.89 | 4 |
| Q3 FY27 | $1.6B | $1.5B to $1.6B | $1.88 | $1.79 to $1.95 | 2 |
| Q4 FY27 | $1.6B | $1.5B to $1.6B | $1.89 | $1.80 to $1.95 | 2 |
| Q1 FY28 | $1.6B | $1.5B to $1.6B | $1.87 | $1.78 to $1.94 | 4 |
| Q2 FY28 | $1.7B | $1.6B to $1.7B | $2.07 | $1.97 to $2.14 | 3 |
| Q3 FY28 | $1.7B | $1.6B to $1.7B | $2.14 | $2.03 to $2.21 | 4 |
Peers
Companies in Aerospace & Defense nearest HEICO's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| HEIHEICO | $41.6B | 49.5× | 59.3× | 42.8× | 8.0× | +21% | 16.4% |
| LHXL3Harris Technologies | $47.3B | 25.6× | 30.1× | 20.6× | n/m | n/m | n/m |
| AXONAxon Enterprise | $34.1B | 174× | 136× | 47.0× | 10.6× | +35% | 6.2% |
| HONAHoneywell Aerospace | $51.8B | n/m | n/a | 20.1× | n/m | n/m | n/m |
| TDGTransDigm | $61.1B | 33.5× | 42.3× | 23.6× | 6.1× | +17% | 21.3% |
| HWMHowmet Aerospace | $74.1B | 40.1× | 40.9× | 31.5× | 8.1× | +18% | 20.5% |
| NOCNorthrop Grumman | $78.3B | 17.5× | 19.5× | 18.9× | 1.8× | +6% | 10.5% |
| GDGeneral Dynamics | $94.5B | 21.3× | 19.4× | 20.0× | 1.7× | +9% | 8.2% |
| WWDWoodward | $17.9B | 33.8× | 31.3× | n/m | 4.3× | +22% | 13.2% |
| CWCurtiss-Wright | $17.2B | 32.0× | 23.6× | 28.8× | 4.7× | +11% | 14.8% |
| FTAIFTAI Aviation | $15.9B | 33.6× | 41.7× | n/m | 5.1× | +45% | 15.9% |
| Peer median | $49.5B | 33.5× | 31.3× | 22.1× | 4.9× | +17% | 14.0% |
Investors who own it
Investors we follow who held HEICO at the end of Jun 30, 2026, from their 13F filings.
- Ron BaronBaron Capital0.1% of portfolioadded
- Cathie WoodARK Investment Management0.1% of portfolioadded
More on HEICO
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #5of 44Aerospace and defense stocks with the highest profit margins
- #5of 24Aerospace and defense stocks cheapest against their own PE history
- #5of 12Aerospace and defense stocks with the fastest expected revenue growth
Its groups
About
- Industry
- Aerospace & Defense
- Sector
- Industrials
Valuation data, not investment advice. Prices as of .