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NYSE · Industrials

HEICO CORP (HEI)

As-reported financials and SEC filings for HEICO CORP. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About HEICO CORP

HEICO Corporation manufactures FAA-approved jet engine and aircraft component replacement parts, serving commercial airlines, repair facilities, OEMs, and government agencies. The company operates two main segments: the Flight Support Group, which produces and repairs aircraft parts and provides military aircraft support, and the Electronic Technologies Group, which designs and sells electronic products for aviation, defense, space, medical, telecommunications, and electronics industries. HEICO serves customers including commercial air carriers, military organizations, defense contractors, and aerospace manufacturers.

Snapshot

Revenue
$4.49B
Revenue growth (YoY)
16.3%
Net income
$690.4M
Diluted EPS
$4.90
Gross margin
39.8%
Operating margin
22.7%
Net margin
15.4%
FCF margin
19.2%
ROE
net income / fiscal-year-end equity
P/E
55.2×
trailing when available, otherwise FY EPS
Market cap
$45.44B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended October 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Heico

  • Revenue grew 16.3% to $4.5B in FY2025, slower than the 30.0% the year before.
  • Operating margin is 22.7% in FY2025, +1.7 pp against 21.1% in FY2021.
  • Most recent quarter Q3 FY2026: revenue $1.4B, up 23.1% from Q3 FY2025.
  • Free cash flow was $861M in FY2025, 19.2% of revenue.
  • Net income rose 34.3% to $690M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Heico’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin39.8%
74th percentile of 466
Operating margin22.7%
92nd percentile of 605
Net margin15.4%
87th percentile of 645
FCF margin19.2%
92nd percentile of 562
Revenue growth (YoY)+16.3%
78th percentile of 668
P/E55.2×
89th percentile of 434
Short interest6.96d
88th percentile of 676

Heico’s operating margin of 22.7% ranks in the 92nd percentile of the 605 Industrials companies reporting it. Heico’s FCF margin of 19.2% ranks in the 92nd percentile of the 562 Industrials companies reporting it. Heico’s P/E of 55.2 ranks in the 89th percentile of the 434 peers with a meaningful P/E.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+5 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
5
3 trimmed, 2 exited
Combined position
$341.8M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$214.4M602.0KReduced
Citadel AdvisorsquantQ2 2026$54.9M154.1KAdded
ARK Investment ManagementQ2 2026$17.8M50.1KAdded
Renaissance TechnologiesquantQ2 2026$16.1M45.1KReduced
AQR Capital ManagementquantQ2 2026$14.5M40.8KAdded
Gotham Asset ManagementQ2 2026$13.4M37.7KAdded
Millennium ManagementquantQ2 2026$10.7M30.0KReduced

No longer held by: Bridgewater Associates (as of Q2 2026), D. E. Shaw (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.8M
settled 2026-08-14
Change vs prior
-2.9%
vs previous settlement
Days to cover
6.96
at avg daily volume
Avg daily volume
403.2K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-142.8M-2.9%6.96
2026-07-312.9M-1.0%6.55
2026-07-152.9M-2.3%6.73
2026-06-303.0M+8.8%6.07
2026-06-152.7M-2.3%4.36
2026-05-292.8M+7.1%3.30
2026-05-152.6M+14.9%2.72
2026-04-302.3M+1.5%3.89

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$4.49B$3.86B$2.97B$2.21B$1.87B
Gross profit$1.79B$1.50B$1.15B$862.8M$727.4M
Operating income$1.02B$824.5M$625.3M$496.8M$392.9M
Net income$690.4M$514.1M$403.6M$351.7M$304.2M
Diluted EPS$4.90$3.67$2.91$2.55$2.21

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$934.3M$672.4M$448.7M$467.9M$444.1M
Capital expenditure$72.9M$58.3M$49.4M$32.0M$36.2M
Free cash flow$861.4M$614.1M$399.3M$435.9M$407.9M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$1.41B23.1%$235.4M$1.67
Q2 FY2026$1.38B25.3%$233.8M$1.66
Q1 FY2026$1.18B14.4%$190.2M$1.35
Q4 FY2025$1.21B19.3%$188.3M$1.33
Q3 FY2025$1.15B15.7%$177.3M$1.26
Q2 FY2025$1.10B14.9%$156.8M$1.12
Q1 FY2025$1.03B14.9%$168.0M$1.20
Q4 FY2024$1.01B8.2%$139.7M$0.99

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorIndustrials
SIC industryAircraft Engines & Engine Parts
Latest annual periodFY2025 (ended October 31, 2025)
Latest reported quarterQ3 FY2026 (ended July 31, 2026)
Oldest indexed filing2009
SEC CIK46619

Selected SEC filings

10-K2025-12-22
View on EDGAR →
10-K2024-12-19
View on EDGAR →
10-Q2026-08-27
View on EDGAR →
10-Q2026-05-29
View on EDGAR →
10-Q2026-02-27
View on EDGAR →
10-Q2025-08-27
View on EDGAR →
8-K2026-08-25
View on EDGAR →
8-K2026-07-16
View on EDGAR →

Largest Industrials peers

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.