NYQ • United States
Charts by TradingView
Annual Overview
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 1.87B | 2.21B▲ | 2.97B▲ | 3.86B▲ | 4.49B▲ |
| Net Income | 304.22M | 351.68M▲ | 403.6M▲ | 514.11M▲ | 690.39M▲ |
| EPS | $2.21 | $2.55▲ | $2.91▲ | $3.67▲ | $4.90▲ |
| Free Cash Flow | 407.9M | 435.87M▲ | 399.3M▼ | 614.11M▲ | 861.38M▲ |
| Capex | 36.18M | 31.98M▼ | 49.43M▲ | 58.26M▲ | 72.89M▲ |
| Diluted Shares | 137.85M | 138.04M▲ | 138.91M▲ | 140.2M▲ | 140.77M▲ |
| Net Debt Issuance | -1.19M | -1.57M▼ | 1.19B▲ | -17.87M▼ | -3.93M▲ |
| Net Equity Issuance | — | — | — | — | — |
| SBC | — | — | — | — | — |
Analyst Consensus
Estimate Revisions
Estimates trending upward
Earnings Track Record
Beat estimates 8 of last 8 quarters
Avg surprise: +11.8%
Growth
Ownership
Data from SEC 13F filings · Reported September 30, 2023
Earnings Calendar
Next earnings
December 17, 2026
Last earnings
August 25, 2026
AI Summary
HEICO Corporation is a major player in the defense sector, specializing in photonics and directed energy weapon systems. Their products are crucial components in advanced military technology, focusing on the integration and optimization of photonics to enhance defense capabilities.
HEICO is in a sweet spot for growth, given its strong positioning in the burgeoning defense photonics market. The company has consistently demonstrated revenue growth, with a notable rise from $2.97 billion in FY2023 to $4.48 billion in FY2025, an impressive increase of nearly 51%. Gross margins are stable and strong at nearly 40%, underscoring efficient production and pricing power in a high-tech niche. Their rise in free cash flow, up to $861 million in FY2025, indicates robust cash generation and potential for reinvestment in R&D or strategic acquisitions. Given the increasing global focus on advanced defense technologies, HEICO is poised to benefit from heightened defense spending and geopolitical tensions.
However, HEICO's high valuation multiples could be a significant red flag. The P/E ratio stands at a hefty 53.8, suggesting a premium pricing that may already account for significant growth expectations. There's also substantial risk if defense budgets are curtailed or if they fail to maintain their competitive edge amid rapidly advancing technologies. Additionally, their reliance on government contracts introduces variability linked to political change, and any cuts in defense spending could materially impact their financial performance.
HEICO's revenue has grown significantly, with a 17% increase from FY2024 to FY2025 and an even larger 30% jump from FY2023 to FY2024. Net income also trended positively, growing from $403.6 million in FY2023 to $690.4 million in FY2025. These increases are coupled with a strong free cash flow trajectory, highlighting operational efficiency. Despite these positives, operating margins, although steady, are not expanding significantly, remaining around 22.2%.
HEICO's valuation is steep when compared to industry peers and traditional valuation metrics like DCF analysis. A P/E of over 50 and a P/S of 8.2 suggest that the market may be pricing in extensive future growth, assuming HEICO continues to capture emerging defense contracts and successfully integrates new technologies. This pricing leaves little room for error or slowdown, making the stock vulnerable to corrections on any adverse news.
A significant downside risk for HEICO is its customer concentration, heavily reliant on defense contracts which are typically lump sum and volatile with budgetary cycles. Another risk includes potential technology disruptions or shifts away from photonics as the technology evolves. Geopolitical tensions present both an opportunity and a threat; while these may drive sales, they also exacerbate supply chain vulnerabilities and operational uncertainties.
Investors should keep an eye on new defense contract wins or extensions over the next quarters, as these could strongly influence revenue forecasts. Additionally, watch for any key technological announcements or partnerships that may solidify HEICO's standing in directed energy platforms. Finally, any policy changes in defense budgets, especially from major clients or geopolitical developments, will be crucial for stock performance.
Last updated: April 4, 2026
HEICO Corporation is a major player in the defense sector, specializing in photonics and directed energy weapon systems. Their products are crucial components in advanced military technology, focusing on the integration and optimization of photonics to enhance defense capabilities.
HEICO is in a sweet spot for growth, given its strong positioning in the burgeoning defense photonics market. The company has consistently demonstrated revenue growth, with a notable rise from $2.97 billion in FY2023 to $4.48 billion in FY2025, an impressive increase of nearly 51%. Gross margins are stable and strong at nearly 40%, underscoring efficient production and pricing power in a high-tech niche. Their rise in free cash flow, up to $861 million in FY2025, indicates robust cash generation and potential for reinvestment in R&D or strategic acquisitions. Given the increasing global focus on advanced defense technologies, HEICO is poised to benefit from heightened defense spending and geopolitical tensions.
However, HEICO's high valuation multiples could be a significant red flag. The P/E ratio stands at a hefty 53.8, suggesting a premium pricing that may already account for significant growth expectations. There's also substantial risk if defense budgets are curtailed or if they fail to maintain their competitive edge amid rapidly advancing technologies. Additionally, their reliance on government contracts introduces variability linked to political change, and any cuts in defense spending could materially impact their financial performance.
HEICO's revenue has grown significantly, with a 17% increase from FY2024 to FY2025 and an even larger 30% jump from FY2023 to FY2024. Net income also trended positively, growing from $403.6 million in FY2023 to $690.4 million in FY2025. These increases are coupled with a strong free cash flow trajectory, highlighting operational efficiency. Despite these positives, operating margins, although steady, are not expanding significantly, remaining around 22.2%.
HEICO's valuation is steep when compared to industry peers and traditional valuation metrics like DCF analysis. A P/E of over 50 and a P/S of 8.2 suggest that the market may be pricing in extensive future growth, assuming HEICO continues to capture emerging defense contracts and successfully integrates new technologies. This pricing leaves little room for error or slowdown, making the stock vulnerable to corrections on any adverse news.
A significant downside risk for HEICO is its customer concentration, heavily reliant on defense contracts which are typically lump sum and volatile with budgetary cycles. Another risk includes potential technology disruptions or shifts away from photonics as the technology evolves. Geopolitical tensions present both an opportunity and a threat; while these may drive sales, they also exacerbate supply chain vulnerabilities and operational uncertainties.
Investors should keep an eye on new defense contract wins or extensions over the next quarters, as these could strongly influence revenue forecasts. Additionally, watch for any key technological announcements or partnerships that may solidify HEICO's standing in directed energy platforms. Finally, any policy changes in defense budgets, especially from major clients or geopolitical developments, will be crucial for stock performance.
HEICO Corporation is a major player in the defense sector, specializing in photonics and directed energy weapon systems. Their products are crucial components in advanced military technology, focusing on the integration and optimization of photonics to enhance defense capabilities.
HEICO Corporation is in the Defense layer of the photonics supply chain. Directed energy weapons and defense photonics applications
In FY2025, HEICO Corporation reported net income of $690.39M.
Companies in the same supply chain layer as HEICO Corporation include AeroVironment, Inc., AgEagle Aerial Systems, Inc., Astronics Corporation, BAE Systems plc, and CACI International Inc.
HEICO Corporation is expected to report around December 17, 2026.
Analysis updated April 2026
Heico (HEI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
In recent days, commentary on HEICO highlighted the company’s strong revenue growth, expanding market share, and healthy free cash flow, alongside increasingly positive analyst earnings estimates. This combination of solid fundamentals and analyst optimism contrasts with pressures seen in some peers and appears to be reshaping sentiment around HEICO’s longer-term prospects. Next, we’ll examine how analysts’ upgraded earnings expectations, set against HEICO’s existing growth narrative, may...
The end of the earnings season is always a good time to take a step back and see who shined (and who didn’t). Let’s take a look at how aerospace stocks fared in Q2, starting with HEICO (NYSE:HEI).
ATRO and HEI offer different aerospace exposures, but diverging valuations, debt levels and price performance set the stocks apart.
Procter & Gamble, Sandisk and Analog Devices highlight strong brands, AI demand and recovery trends, while key risks could shape their outlook.
ATRO's record sales are driving sharp profit gains, with higher volumes and better efficiency expanding margins and boosting earnings.
Growth is oxygen. But when it evaporates, the consequences can be severe - ask anyone who bought Cisco in the Dot-Com Bubble or newer investors who lived through the 2020 to 2022 COVID cycle.
Heico (HEI.A) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Heico (HEI.A) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Heico (HEI) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
New analyst coverage puts HEICO, Csquare and PLDT in focus as investors assess earnings trends, stock performance and profitability.
HEICO (HEI) has drawn fresh attention after a recent share price slide, with the stock down about 19% over the past month and roughly 11% over the past 3 months. HEICO’s recent slide sits against a softer backdrop, with the 30‑day share price return down 19.35% and the year‑to‑date share price return down 9.07%, even though the 5‑year total shareholder return is 133.64%. Long‑term holders have still seen strong overall gains, while near‑term momentum has clearly faded as investors reassess...
ATI, HEICO and AAR benefit from resilient air travel and strategic M&A, while supply-chain constraints pose risks to aerospace equipment demand.
The aerospace business has been a shining light for industrials, but Melius analyst Scott Mikus says the good times may be ending.
Melius analyst Scott Mikus also cut ratings on four other aerospace stocks, Honeywell Aerospace , TransDigm, Heico, Woodward. He lays out the problem ahead: the aftermarket.
Nike downgraded, Affirm upgraded: Wall Street's top analyst calls
Melius Research downgraded GE Aerospace, HEICO, Honeywell Aerospace Technologies, TransDigm and Woodward to ‘Hold’ from ‘Buy’.
Wall Street has set ambitious price targets for the stocks in this article. While this suggests attractive upside potential, it’s important to remain skeptical because analysts face institutional pressures that can sometimes lead to overly optimistic forecasts.
AMD, Costco and AstraZeneca headline today's stock reports, with AI demand, membership growth and drug pipelines shaping their outlooks.
Record net income and 14% organic growth highlight strong Q3 results.
Heico (HEI) possesses solid growth attributes, which could help it handily outperform the market.
ATRO benefits from commercial aerospace recovery and defense demand, with record backlog, strong earnings growth and a discounted valuation.
Here is how Heico Corporation (HEI) and Howmet (HWM) have performed compared to their sector so far this year.
HEI highlights broad demand, record backlog and nearly $3B in revolver capacity while keeping near-term margin expectations measured.
Moby summary of HEICO Corporation's Q3 2026 earnings call
HEICO’s latest earnings and why they matter now HEICO (HEI) moved back into focus after reporting third quarter fiscal 2026 results, with sales of US$1.41b and net income of US$235.44m, plus updated figures for the first nine months. Despite the strong third quarter report, HEICO’s recent share price has eased, with a 1-day share price return of a 1.40% decline and a 7-day share price return of a 4.75% decline, even as the year-to-date share price return is 5.11% and the 5-year total...
Strong organic growth across both segments drives record Q3 results, with consolidated net sales up 23% to $1.41 billion.
HEICO has delivered very strong share price gains over the past five years, yet current valuation checks suggest the stock trades at a premium to an internally estimated intrinsic value. Both a Discounted Cash Flow (DCF) view and market multiples currently point to HEICO looking expensive rather than like a clear bargain. HEICO has returned about 178% over the past five years, which puts extra focus on whether the current price still leaves much room for further upside. Expectations for...
HEICO Corporation recently reported third-quarter 2026 results, with sales rising to US$1,413.05 million and net income to US$235.44 million, alongside higher basic and diluted earnings per share from continuing operations versus a year earlier. Over the first nine months of fiscal 2026, HEICO delivered higher sales, net income, and earnings per share than the prior-year period while also expanding operating margins and consistently outperforming analyst earnings expectations. Against this...
Heico (NYSE:HEI) reported record fiscal third-quarter results, with consolidated net income, operating income and sales rising sharply from a year earlier as demand remained strong across its aerospace, defense, electronics and industrial technology markets. Net income for the quarter ended July 31
HEI posts strong Q3 results as organic growth and acquisitions drive record profit, higher sales and expanding margins.
Aerospace and defense company HEICO (NYSE:HEI) reported revenue ahead of Wall Street’s expectations in Q2 CY2026, with sales up 23.1% year on year to $1.41 billion. Its GAAP profit of $1.67 per share was 11.4% above analysts’ consensus estimates.
Although the revenue and EPS for Heico (HEI) give a sense of how its business performed in the quarter ended July 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Heico (HEI) delivered earnings and revenue surprises of +10.60% and +4.89%, respectively, for the quarter ended July 2026. Do the numbers hold clues to what lies ahead for the stock?
Aerospace and defense company HEICO (NYSE:HEI) will be reporting earnings this Tuesday after market hours. Here’s what to expect.
HEI's acquisitions and strong aerospace, defense and electronics demand set the stage for Q3 growth and an expected earnings beat.
Get paid a real income now on your TransDigm shares, which you keep no matter what the stock does, in exchange for capping your gains above a higher price.
Wall Street has issued downbeat forecasts for the stocks in this article. These predictions are rare - financial institutions typically hesitate to say bad things about a company because it can jeopardize their other revenue-generating business lines like M&A advisory.
Large-cap stocks have the power to shape entire industries thanks to their size and widespread influence. With such vast footprints, however, finding new areas for growth is much harder than for smaller, more agile players.
Here is how Leonardo S.P.A. - Unsponsored ADR (FINMY) and Heico Corporation (HEI) have performed compared to their sector so far this year.
Intuitive Machines, Inc. (LUNR) delivered earnings and revenue surprises of -128.57% and -5.99%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
Generating cash is essential for any business, but not all cash-rich companies are great investments. Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.
HEICO stock has delivered a strong 183.7% return over the past 5 years, yet both its Discounted Cash Flow (DCF) intrinsic value estimate and market multiples currently point to the shares trading at a premium rather than as a clear bargain. Over 5 years, HEICO has returned 183.7% to shareholders, which puts extra focus on whether the current price still offers an appealing entry point. Expectations for continued growth in cash flows can support a higher valuation, while any disappointment in...
Here's how to get paid a meaningful cash income now on your Heico shares, income you keep no matter what, in exchange for agreeing to sell at a price above today's.
HOLLYWOOD, FL AND MIAMI, FL / ACCESS Newswire / August 10, 2026 / On August 25, 2026, after the NYSE closing, HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) will release its financial results for the third quarter ended July 31, 2026. The earnings release ...
FLY's Q2 results are likely to reflect launch and lunar progress, national security demand and higher costs tied to R&D and expansion.
Outdoor Holding Company (POWW) delivered earnings and revenue surprises of +200.00% and +12.25%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
Karman Holdings Inc. (KRMN) delivered earnings and revenue surprises of +7.69% and +1.20%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.
Heico (HEI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Heidelberg Materials (ETR:HEI) reported higher second-quarter revenue and operating results, supported by its first positive volume contribution in more than four years, while management said pricing actions and cost controls remain central to offsetting inflation and higher energy-related distribut
Here is how GE Aerospace (GE) and Heico Corporation (HEI) have performed compared to their sector so far this year.
Heico (HEI) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Rivian upgraded, Check Point downgrade: Wall Street's top analyst calls
Amid strong aerospace and defense demand, Ducommun, StandardAero, and HEICO post solid revenue growth and margin gains, drawing analyst attention as smaller industry players outpace larger peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at aerospace stocks, starting with HEICO (NYSE:HEI).
Earlier this month, HEICO’s shares were pressured after renewed Iran conflict pushed oil prices higher, raising concerns about airline fuel costs, capital spending, and demand for aftermarket parts across the commercial aviation supply chain. This geopolitical shock contrasts with HEICO’s long record of acquisitions and strong long-term compounding returns, highlighting how external macro risks can unsettle an otherwise resilient aftermarket-focused business model. We’ll now examine how this...
HEICO (HEI) is back in focus after aerospace stocks weakened following President Trump’s declaration that the Iran ceasefire is over. This shift has raised jet fuel costs and pressured the commercial aviation supply chain. See our latest analysis for HEICO. HEICO’s share price has moved around recent headlines, with a 1-day share price return of 1.25% after the Iran ceasefire comments, a 7-day share price return down 2.75%, a 90-day share price return of 21.77%, and a 1-year total shareholder...
A number of stocks fell in the afternoon session after President Trump declared the Iran ceasefire "over" and threatened fresh strikes, pressuring the commercial-aviation supply chain as oil prices surged.
Investing in certain stocks can pay off in the long run, especially if you hold on for a decade or more.
Growth is a hallmark of all great companies, but the laws of gravity eventually take hold. Those who rode the COVID boom and ensuing tech selloff in 2022 will surely remember that the market’s punishment can be swift and severe when trajectories fall.
Should investors be excited or worried when a stock's 50-day simple moving average crosses above the 200-day simple moving average?
HEICO has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 9.3% to $360 per share while the index has gained 9.3%.
HEICO Corporation (NYSE:HEI) will trade ex-dividend on July 1, putting it among the 10 Best July Dividend Stocks to Buy. On June 1, UBS raised its price recommendation on HEICO Corporation (NYSE:HEI) to $390 from $371. It reiterated a Neutral rating on the stock. Following a strong second-quarter earnings beat, driven by 18% organic growth […]
Heico (HEI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
TXT's business jet demand, defense programs and product upgrades support growth, even as supply-chain issues and labor shortages weigh.
Stocks that outperform the market usually share key traits such as rising sales, expanding margins, and increasing returns on capital. The select few that can do all three for many years are often the ones that make you life-changing money.
Northrop Grumman's aerospace strength, $95.61B backlog, solid liquidity and low debt support its case as a strong investment option in the Aerospace sector.
HEICO Corporation recently reported record fiscal Q2 2026 results, raised its semiannual cash dividend to US$0.13 per share, and expanded its revolving credit facility to US$2.20 billion under an amended credit agreement running to June 11, 2031. The combination of stronger operating performance, a higher dividend, and increased credit capacity highlights HEICO’s focus on cash returns to shareholders while preserving funding flexibility for future acquisitions and growth initiatives. We’ll...
If you are wondering whether HEICO at US$334.17 is priced for opportunity or already reflects high expectations, its current valuation picture raises some useful questions for long term investors. The stock has been fairly steady over the past week with a decline of 0.4%, while the 30 day return of 11.0% and 1 year return of 5.3% sit alongside longer term gains of 91.9% over 3 years and 140.9% over 5 years. Recent attention on HEICO has largely centered on its role as a specialized aerospace...
When a stock breaks out above the 20-day simple moving average, good things could be on the horizon. How should investors react?
Here is how Heico Corporation (HEI) and Rolls-Royce Holdings PLC (RYCEY) have performed compared to their sector so far this year.
AMEN Properties raised its quarterly dividend by 25% to $12.50 per share, pushing the annualized payout to $50.00 and offering investors a yield of around 10%.
Aerospace-Defense Equipment stocks like HEI, AXON and AIR stand to gain from strategic acquisitions and long-term growth in global air travel.
HEICO raised its semiannual dividend by 8% to $0.13 per share, marking another dividend increase and extending a payout streak that dates back to 1979.
Investing in certain stocks can pay off in the long run, especially if you hold on for a decade or more.
Curtiss-Wright's aerospace and defense strength, low debt and nuclear energy opportunities support growth as earnings and sales estimates point higher.
AAR's expanding MRO footprint, strong liquidity, low debt and rising earnings estimates support its growth outlook as demand for aircraft maintenance grows.
MIAMI, FL AND HOLLYWOOD, FL / ACCESS Newswire / June 15, 2026 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that its Board of Directors declared a $.13 per share semiannual cash dividend, an 8% increase from the prior semiannual cash ...
Drone technology demand across defense, AI and aerospace markets puts Elbit Systems, Analog Devices, HEICO and Teledyne in focus.
HEICO gains momentum with strong aerospace presence, solid liquidity and low debt, underscoring its growth outlook across commercial and defense markets.
Four drone-technology stocks, including ESLT, ADI, HEI and TDY, offer exposure to defense, AI and aerospace trends that could lift portfolio returns in 2026.