Heico Corp (NYSE: HEI.A)
Heico makes FAA-approved replacement parts for commercial aircraft and specialized electronic components for defense systems. On the commercial side, it sells aftermarket spare parts — essentially cheaper alternatives to OEM parts — to airlines and MRO (maintenance, repair, and overhaul) shops. On the defense side, it produces niche subcomponents for targeting systems, electronic warfare, and simulation equipment, sold primarily to defense contractors and the military. The company grows partly through frequent small acquisitions of niche aerospace and defense suppliers. Revenue comes from both segments, with the commercial parts business providing steady recurring demand tied to aircraft flight hours.
Employees11,100IPOApr 27, 1998SIC3728HQ3000 Taft Street, Hollywood, FL, USA, 33021
to
Financials
Profitability
Metric
Current
Margins
Gross Margin
40.4%
Operating Margin
24.0%
EBITDA Margin
28.3%
Net Margin
16.4%
OCF Margin
21.5%
FCF Margin
19.9%
Returns on Capital
ROE
18.7%
ROA
9.3%
ROIC
12.6%
ROCE
15.1%
ROC (Greenblatt)
71.0%
3Y ROIIC
11.2%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
39.14
Forward P/E
33.44
P/E ex-NRI
39.14
Shiller P/E (CAPE)
70.16
Cash Flow Multiples
P/FCF
32.22
P/OCF
29.87
P/Owner Earnings
37.01
FCF Yield
2.76%
Enterprise Value Multiples
EV / EBIT
31.79
EV / Forward EBIT
25.77
EV / EBITDA
27.07
EV / Forward EBITDA
23.00
EV / Revenue
7.67
EV / Forward Revenue
6.41
Asset / Sales
P/S
6.41
P/B
6.64
P/Tangible Book
—
Growth-Adjusted
PEG
1.76
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
0.11%
Forward Dividend Yield
0.11%
3Y Dividend Growth
8.5%
Payout Ratio
0.04
5Y Yield on Cost
0.16%
Buybacks & Dilution
3Y Buyback Ratio
−0.70%
5Y Share Change
2.9%
Combined
Shareholder Yield
−0.22%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.51
Gross Debt / EBITDA
1.73
Cash / Debt
0.10
Equity / Assets
0.50
Coverage
Interest Coverage
9.40
Short-Term Liquidity
Current Ratio
2.72
Quick Ratio
1.27
Cash Ratio
0.24
Composite Scores
Piotroski F-Score
7
Altman Z-Score
6.30
Split History
Date
Split
2018-06-28
1.25:1
2018-01-18
1.25:1
2017-04-19
1.25:1
2013-10-23
1.25:1
2012-04-25
1.25:1
2011-04-26
1.25:1
2010-04-27
1.25:1
2004-01-02
1.1:1
2001-08-08
1.1:1
Ex-date
Amount
Pay date
2026-07-01
$0.13
2026-07-15
2026-01-05
$0.12
2026-01-20
2025-07-01
$0.12
2025-07-15
2025-01-03
$0.11
2025-01-17
2024-07-01
$0.11
2024-07-15
2024-01-03
$0.1
2024-01-19
2023-06-30
$0.1
2023-07-17
2023-01-04
$0.1
2023-01-23
2022-06-30
$0.09
2022-07-15
2022-01-05
$0.09
2022-01-20
10 of 59
View allDate
Transcript
Type
2026-08-26
Q3 2026 HEICO Corporation Earnings Call Transcript
Earnings Call
2026-05-28
Q2 2026 HEICO Corp Earnings Call Transcript
Earnings Call
2026-02-26
Q1 2026 HEICO Corp Earnings Call Transcript
Earnings Call
2025-12-19
Q4 2025 HEICO Corp Earnings Call Transcript
Earnings Call
2025-08-26
Q3 2025 HEICO Corp Earnings Call Transcript
Earnings Call
2025-05-28
Q2 2025 HEICO Corp Earnings Call Transcript
Earnings Call
2025-02-27
Q1 2025 HEICO Corp Earnings Call Transcript
Earnings Call
2024-12-18
Q4 2024 HEICO Corp Earnings Call Transcript
Earnings Call
2024-08-27
Q3 2024 HEICO Corp Earnings Call Transcript
Earnings Call
2024-02-27
Q1 2024 HEICO Corp Earnings Call Transcript
Earnings Call
10 of 31
5-Step DuPont Analysis
ROE %
18.66%
×
×
Net Margin %
16.38%
×
×
Operating Margin %
24.05%
Operating Income
$1.25B
÷
Revenue
$5.18B
×
Tax Burden
0.7592
Net Income
$848M
÷
Pretax Income
$1.12B
×
Interest Burden
0.8972
Pretax Income
$1.12B
÷
Operating Income
$1.25B
×
Asset Turnover
0.56
÷
Revenue
$5.18B
÷
Average Total Assets
$9.23B
Begin Total Assets
$8.53B
End Total Assets
$9.94B
×
Equity Multiplier
2.03
÷
Avg Total Assets
$9.23B
÷
Avg Stockholders Equity
$4.54B
Begin Equity
$4.14B
End Equity
$4.95B
Top institutional holders
Q2 2026| Holder | Shares | % Owned | Chg. shares | |
|---|---|---|---|---|
| PRINCIPAL FINANCIAL GROUP INC | 7.7M | 5.52% | -1.2M | $1.99B |
| BlackRock, Inc. | 6.0M | 4.33% | -126.1K | $1.56B |
| FMR LLC | 4.8M | 3.44% | -543.2K | $1.24B |
| VANGUARD CAPITAL MANAGEMENT LLC | 4.1M | 2.94% | +10.8K | $1.06B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 4.0M | 2.84% | +27.3K | $1.02B |
| STATE OF WISCONSIN INVESTMENT BOARD | 2.1M | 1.52% | +683.5K | $546.28M |
| STATE STREET CORP | 1.9M | 1.33% | +53.8K | $479.17M |
| GEODE CAPITAL MANAGEMENT, LLC | 1.4M | 1.02% | -10.3K | $366.95M |
| JPMORGAN CHASE & CO | 1.4M | 1.01% | +256.1K | $359.92M |
| NORGES BANK | 1.4M | 0.99% | new | $355.11M |
10 of 670
View allTop insider holdings
as reported| Insider | Shares held | % Owned | |
|---|---|---|---|
| SCHRIESHEIM ALANDirector | 13.5K | 0.0097% | $3.15M |
| CHERUVATATH NANDAKUMARDirector | 4.9K | 0.0035% | $1.14M |
| Fine Carol F.Director | 1.5K | 0.0011% | $341.9K |
| Rowen Bradley KOfficer | 0 | 0.0000% | $0 |
| MENDELSON LAURANS AOfficer | — | — | — |
| MENDELSON ERIC AOfficer | — | — | — |
| MENDELSON VICTOR HOfficer | — | — | — |
7 of 13· 9 withheld
View allRecent insider activity
through Oct 8, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| Fine Carol F.Director | Open-Market or Private Purchase | +795 | $175.1K | Oct 8, 2026 |
| CHERUVATATH NANDAKUMARDirector | Open-Market or Private Purchase | +795 | $175.1K | Oct 8, 2026 |
| Neitzel JulieDirector | Open-Market or Private Purchase | +592 | $174.6K | Oct 8, 2026 |
| Hildebrandt Mark HDirector | Open-Market or Private Purchase | +795 | $175.1K | Oct 8, 2026 |
| CULLIGAN THOMAS MDirector | Open-Market or Private Purchase | +795 | $175.1K | Oct 8, 2026 |
| SCHRIESHEIM ALANDirector | Open-Market or Private Purchase | +795 | $175.1K | Oct 8, 2026 |
| HENRIQUES ADOLFODirector | Open-Market or Private Purchase | +795 | $175.1K | Oct 8, 2026 |
| MENDELSON VICTOR HOfficer | Open-Market or Private Purchase | +795 | $175.1K | Oct 8, 2026 |
| SCHRIESHEIM ALANDirector | Gift | -125 | $0 | Sep 1, 2026 |
| MENDELSON VICTOR HOfficer | Gift | -3.3K | $0 | Jun 29, 2026 |
10 of 1,061
View all