HEI-
HEICO Corporation
NYSE: HEI-A · INDUSTRIALS · AEROSPACE & DEFENSE
$209.02
+3.85% today
Updated 2026-04-30
Market cap
$28.67B
P/E ratio
40.62
P/S ratio
6.19x
EPS (TTM)
$5.06
Dividend yield
0.12%
52W range
$197 – $280
Volume
0.3M
HEICO Corporation (HEI-A) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $392.19M | $507.92M | $582.35M | $538.30M | $617.02M | $764.89M | $897.35M | $1.01B | $1.13B | $1.19B | $1.38B | $1.52B | $1.78B | $2.06B | $1.79B | $1.87B | $2.21B | $2.97B | $3.86B | $4.49B |
| Revenue growth (YoY) | — | +29.5% | +14.7% | -7.6% | +14.6% | +24.0% | +17.3% | +12.4% | +12.2% | +5.0% | +15.8% | +10.8% | +16.6% | +15.6% | -13.1% | +4.4% | +18.4% | +34.4% | +30.0% | +16.3% |
| Cost of revenue | $234.33M | $313.97M | $353.45M | $337.58M | $371.97M | $464.55M | $539.51M | $604.68M | $696.62M | $715.72M | $816.04M | $903.62M | $1.03B | $1.18B | $1.04B | $1.07B | $1.27B | $1.72B | $2.24B | $2.70B |
| Gross profit | $157.86M | $193.96M | $228.90M | $200.71M | $245.05M | $300.34M | $357.84M | $404.08M | $435.69M | $472.93M | $560.22M | $621.20M | $748.16M | $880.47M | $747.69M | $796.30M | $938.82M | $1.25B | $1.61B | $1.79B |
| Gross margin | 40.3% | 38.2% | 39.3% | 37.3% | 39.7% | 39.3% | 39.9% | 40.1% | 38.5% | 39.8% | 40.7% | 40.7% | 42.1% | 42.8% | 41.8% | 42.7% | 42.5% | 42.1% | 41.8% | 39.8% |
| R&D | $15.35M | $16.50M | $18.40M | $19.70M | $22.70M | $25.40M | $30.40M | $32.90M | $37.38M | $38.75M | $44.73M | $46.47M | $57.45M | $66.63M | $65.56M | $68.88M | $76.06M | $95.77M | $111.27M | — |
| SG&A | $75.65M | $91.44M | $104.71M | $92.76M | $113.17M | $136.01M | $164.14M | $187.59M | $194.92M | $204.52M | $250.15M | $268.07M | $314.47M | $356.74M | $305.48M | $334.52M | $365.92M | $528.15M | $677.27M | $767.47M |
| Operating income | $66.87M | $86.01M | $107.59M | $89.75M | $110.57M | $143.43M | $163.29M | $183.59M | $190.26M | $229.95M | $268.41M | $307.76M | $374.97M | $459.83M | $377.25M | $394.88M | $487.95M | $647.59M | $834.29M | $1.02B |
| Operating margin | 17.0% | 16.9% | 18.5% | 16.7% | 17.9% | 18.8% | 18.2% | 18.2% | 16.8% | 19.3% | 19.5% | 20.2% | 21.1% | 22.4% | 21.1% | 21.2% | 22.1% | 21.8% | 21.6% | 22.7% |
| EBITDA | $78.07M | $98.28M | $120.20M | $103.15M | $126.88M | $156.76M | $193.51M | $220.68M | $251.21M | $276.79M | $325.02M | $371.85M | $452.29M | $542.14M | $465.71M | $486.24M | $592.71M | $756.77M | $1.00B | $1.22B |
| EBITDA margin | 19.9% | 19.3% | 20.6% | 19.2% | 20.6% | 20.5% | 21.6% | 21.9% | 22.2% | 23.3% | 23.6% | 24.4% | 25.4% | 26.4% | 26.1% | 26.1% | 26.8% | 25.5% | 25.9% | 27.2% |
| EBIT | $67.51M | $86.11M | $105.15M | $88.18M | $109.29M | $138.22M | $162.85M | $183.00M | $202.83M | $228.95M | $265.32M | $307.75M | $376.19M | $459.54M | $378.01M | $394.34M | $497.41M | $628.27M | $826.90M | $1.02B |
| Interest expense | $14.08M | $19.48M | $2.31M | $615000.00 | $508000.00 | $142000.00 | $2.43M | $3.72M | $5.44M | $4.63M | $8.27M | $9.79M | $19.90M | $21.70M | $13.16M | $7.29M | $6.39M | $72.98M | $149.31M | $129.88M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $43.08M | $55.29M | $67.39M | $59.84M | $54.94M | $72.82M | $85.15M | $102.40M | $121.29M | $133.36M | $156.19M | $185.99M | $259.23M | $327.90M | $313.98M | $304.22M | $351.68M | $403.60M | $514.11M | $690.38M |
| Net income growth (YoY) | — | +28.3% | +21.9% | -11.2% | -8.2% | +32.5% | +16.9% | +20.3% | +18.5% | +10.0% | +17.1% | +19.1% | +39.4% | +26.5% | -4.2% | -3.1% | +15.6% | +14.8% | +27.4% | +34.3% |
| Profit margin | 11.0% | 10.9% | 11.6% | 11.1% | 8.9% | 9.5% | 9.5% | 10.2% | 10.7% | 11.2% | 11.3% | 12.2% | 14.6% | 16.0% | 17.6% | 16.3% | 15.9% | 13.6% | 13.3% | 15.4% |