MARKETS / NYSE / HEI-A

NYSE · AIRCRAFT ENGINES & ENGINE PARTS · LARGE CAP

Heico Corp. HEI-A

18 fiscal years on record · USD · FY2025 reported · SEC filings only

8 YEARS OF DIVIDEND GROWTH

Revenue

$4.5B

▲ 16.3% YoY

Net income

$690.4M

▲ 34.3% YoY

Free cash flow

$861.4M

▲ 40.3% YoY

In brief

What this company does

HEICO Corporation, through its subsidiaries, manufactures Federal Aviation Administration-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers and their subcontractors. Its business is comprised of two operating segments. The FSG accounted for 70%, 68%, and 60% of net sales in fiscal 2025, 2024, and 2023, respectively. The ETG accounted for 30%, 32%, and 40% of net sales in fiscal 2025, 2024, and 2023, respectively. The company was originally organized in 1957 as a holding company known as HEICO Corporation, and as part of a reorganization completed in 1993, the original holding company was renamed HEICO Aerospace Corporation while a new holding corporation, also known as HEICO Corporation, was created.

Written from the business description in HEICO CORP's annual report to the U.S. Securities and Exchange Commission, filed 22 December 2025. Every sentence was checked against that document before publication.

Growth

USD 4.5B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 4.5 · Net income 0.7

Compound annual growth

Revenue

+26.6%

+20.2%

+14.2%

+14.1%

Net income

+25.2%

+17.1%

+17.9%

+18.4%

EPS, diluted

+24.3%

+16.4%

Dividend / share

+8.5%

+7.5%

Returned to shareholders

+9.3%

+8.2%

+13.1%

+15.8%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +20.2% a year over five years — but profit grew slower: net income at +17.1%, earnings per share at +16.4%.

The share count rose from 0.08B to 0.08B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

17 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 22.7% · Net 16.6%

ROE

FY2025 · ROE 17.4%

Gross margin39.8%

Operating margin22.7%

Net margin16.6%

Return on assets9.3%

EBITDAUSD 1.2B

Each USD of equity produced 17 cents of profit this year.

Cash & shareholders

USD 32.0M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 861.4

Net buybacks $M Dividends $M

FY2025 · Dividends 32.0 · Net buybacks —

Dividends paidUSD 32.0M

Net buybacks—

Share of profit4.6%

Consecutive raises8 years (since the 2017 share-count change)

USD 32.0M in dividends — 5% of the year's profit went back to shareholders.

Total assetsUSD 8.5B

EquityUSD 4.3B

CashUSD 217.8M

Gross debtUSD 2.2B

Net debtUSD 2.0B

Current ratio2.83×

Net debt stands at 45% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	4.5	3.9	3.0	2.2	1.9	1.8	2.1	1.8	1.5	1.4	1.2	1.1	1.0	0.9	0.8	0.6	0.5	0.6
Operating income $B	1.0	0.8	0.6	0.5	0.4	0.4	0.5	0.4	0.3	0.3	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1
EBITDA $B	1.2	1.0	0.8	0.6	0.5	0.5	0.5	0.5	0.4	0.3	0.3	0.3	0.2	0.2	0.2	0.1	0.1	0.1
Income tax $B	0.1	0.1	0.1	0.1	0.1	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0
Net income $B	0.7	0.5	0.4	0.4	0.3	0.3	0.3	0.3	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.0
Free cash flow $B	0.9	0.6	0.4	0.4	0.4	0.4	0.4	0.3	0.3	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1
EPS, diluted $	4.90	3.67	2.91	2.55	2.21	2.29	2.39	1.90	1.37	1.17	1.57	1.80	1.53	1.28	1.10	1.04	1.06	1.42
Dividend / sh $	0.23	0.21	0.20	0.18	0.17	0.16	0.14	0.12	0.10	0.08	0.11	0.47	1.82	0.09	0.07	0.09	0.08	0.08
Payout %	5	6	7	7	8	7	6	6	7	7	7	26	118	7	6	6	7	5
ROE %	17.4	15.2	14.0	14.4	14.3	17.2	21.4	20.3	17.5	17.6	17.7	18.6	16.7	14.9	14.6	12.5	10.8	·
Shares out B	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.05	0.04	0.04	0.04	0.04	0.03	0.02	0.01	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityAircraft Engines & Engine Parts

Listed onNYSE

Incorporated inFlorida

Fiscal year endsOctober 31

Data on record since2008