HEI · NYSE · Industrials
HEICO Corporation (HEI) — Rank #362 by gross profitability (GP/assets 0.18) · ROE 14.0% · Piotroski F-Score N/A.
As-of 2026-10-30 · CIK 0000046619 · all metrics point-in-time as of the filing date.
About
HEICO Corporation provides aerospace, defense, and electronic related products and services in the United States and internationally.
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Its Flight Support Group segment offers jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components and assemblies. This segment also distributes hydraulic, pneumatic, structural, interconnect, mechanical, and electro-mechanical components for the commercial, regional, and general aviation markets; and offers repair and overhaul services for jet engine and aircraft component parts, avionics, instruments, composites, and commercial aircraft surfaces, as well as for avionics and navigation systems, subcomponents, and other military aircraft instruments. The company's Electronic Technologies Group segment provides electro-optical infrared simulation and test equipment; electro-optical laser products; electro-optical, microwave, and other power equipment; electromagnetic and radio frequency (RF) interference shielding and suppression filters; power electronics; power conversion and interface products; interconnection devices; and underwater locator and emergency locator transmission beacons. This segment also offers traveling wave tube amplifiers and microwave power modules; memory products and specialty semiconductors; environment connectivity products and molded cable assemblies; RF and microwave products; communications and electronic intercept receivers and tuners; self-sealing auxiliary fuel systems; active antenna systems and airborne antennas; nuclear radiation detectors; power amplifiers; ceramic-to-metal feedthroughs and connectors; technical surveillance countermeasures equipment; RF receivers and sources; radiation assurance, embedded computing, and silicone solutions; test sockets and adapters; and electronic components and rotary joint assemblies.
The company was incorporated in 1957 and is headquartered in Hollywood, Florida.
- Industry
- Aerospace & Defense
- Sector
- Industrials
- State
- FL
- Filer Category
- Large accelerated filer
- Fiscal Year End
- October 31
- Website
- heico.com
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
$44.93B
P/E (annual)
—
P/S (annual)
10.0
P/B
9.1
P/OCF (annual)
48.1
Shareholder Yield
-0.3%
Employees
11,100
Industry
Aerospace & Defense
Exchange
NYSE
11/11
Flags passed
HEI passes 11/11 quality flags
- PASSGross margin holding
- PASSDilution within 2%
- PASSFCF not negative from investment
- PASSDisclosure consistent
- PASSRevenue not declining
- PASSOperating margin holding
- PASSFree cash flow intact
- PASSPasses safety gate
- PASSBalance sheet stable
- PASSNo competitive retreat
- PASSNo valuation convergence
Strengths Operating leverage expanding · Sequential beat (rev + EPS)
No data SBC and margin — not counted as a pass.
A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passFCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Does it make money well?
No warning flags · GP/assets 45th percentile of 21 SIC 37 peers
Gross profitability (GP / assets)
0.18
Primary signal (Novy-Marx).
45th pctl of 21 SIC 37 peers
Return on equity
14.0%
Gross margin
39.8%
90th pctl of 21 SIC 37 peers
Revenue growth (YoY)
16.3%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
26.6%
Revenue CAGR (5Y)
20.2%
Earnings CAGR (3Y)
25.2%
FCF CAGR (3Y)
25.5%
Cash Flow Health
Is the cash real?
No warning flags · FCF 25% above net income
Free cash flow
$861.38M
Operating cash flow minus capex.
Positive free cash flow
FCF vs net income
24.8%
(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.
FCF not below net income
Fails when free cash flow is below net income (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
—
Stock-based comp intensity.
Balance Sheet Strength
Can it survive a storm?
No warning flags · net cash $237.45M
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.85
63rd pctl of 20 SIC 37 peers (best = lowest)
Current ratio
2.72×
75th pctl of 21 SIC 37 peers
Quick ratio
0.97×
Net cash
$237.45M
Cash & equivalents minus total debt.
Piotroski F-Score
N/A
Only 8/9 components determinable.
Valuation
Is the price reasonable?
No warning flags
Dividend safety
Composite score
4.2 / 5
Capital allocation quality
Composite score
3.3 / 5
Lifecycle Phase History
Price History
Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports