HEICO (HEI) Financials

$250.00 +0.59 (+0.24%)

Closing price 04/11/2025 03:59 PM Eastern

Extended Trading

$246.70 -3.29 (-1.32%)

As of 04:16 AM Eastern

Annual Income Statements for HEICO

This table shows HEICO's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	133	156	186	259	328	314	304	352	404	514
Consolidated Net Income / (Loss)	154	176	208	286	360	336	330	391	444	559
Net Income / (Loss) Continuing Operations	154	176	208	286	360	336	330	391	444	559
Total Pre-Tax Income	225	257	298	356	438	365	387	491	555	678
Total Operating Income	230	265	307	376	457	377	393	497	625	824
Total Gross Profit	434	515	575	691	814	682	727	863	1,153	1,502
Total Revenue	1,189	1,376	1,525	1,778	2,056	1,787	1,866	2,208	2,968	3,858
Operating Revenue	1,189	1,376	1,525	1,778	2,056	1,787	1,866	2,208	2,968	3,858
Total Cost of Revenue	754	861	950	1,087	1,242	1,105	1,138	1,346	1,815	2,356
Operating Cost of Revenue	754	861	950	1,087	1,242	1,105	1,138	1,346	1,815	2,356
Total Operating Expenses	205	250	268	314	357	305	335	366	528	677
Selling, General & Admin Expense	205	250	268	314	357	305	335	366	528	677
Total Other Income / (Expense), net	-4.69	-8.30	-8.70	-20	-19	-12	-5.84	-5.82	-70	-147
Interest Expense	4.63	8.27	9.79	20	22	13	7.29	6.39	73	149
Other Income / (Expense), net	-0.07	-0.02	1.09	-0.06	2.44	1.37	1.44	0.57	2.93	2.44
Income Tax Expense	71	81	90	71	78	29	57	100	111	119
Net Income / (Loss) Attributable to Noncontrolling Interest	20	20	22	26	32	22	26	39	41	45
Basic Earnings per Share	$1.60	$1.19	$1.41	$1.96	$2.45	$2.33	$2.25	$2.59	$2.94	$3.71
Weighted Average Basic Shares Outstanding	83.43M	130.95M	131.70M	132.54M	133.64M	134.75M	135.33M	136.01M	137.19M	138.46M
Diluted Earnings per Share	$1.57	$1.17	$1.37	$1.90	$2.39	$2.29	$2.21	$2.55	$2.91	$3.67
Weighted Average Diluted Shares Outstanding	84.76M	133.15M	135.59M	136.70M	137.35M	137.30M	137.85M	138.04M	138.91M	140.20M
Weighted Average Basic & Diluted Shares Outstanding	66.70M	84M	131.90M	132.30M	134.50M	135.22M	135.51M	136.64M	138.25M	138.83M
Cash Dividends to Common per Share	$0.14	$0.16	$0.10	$0.12	$0.14	$0.16	$0.17	$0.18	$0.20	$0.21

This table shows HEICO's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Income / (Loss) Attributable to Common Shareholders	83	97	93	105	102	103	115	123	137	140	168
Consolidated Net Income / (Loss)	93	110	103	115	113	114	125	135	148	151	182
Net Income / (Loss) Continuing Operations	93	110	103	115	113	114	125	135	148	151	182
Total Pre-Tax Income	127	143	124	146	138	147	142	171	180	184	195
Total Operating Income	129	146	129	157	149	189	180	209	216	219	227
Total Gross Profit	221	240	244	267	279	364	347	372	389	394	406
Total Revenue	570	610	621	688	723	936	896	955	992	1,014	1,030
Operating Revenue	570	610	621	688	723	936	896	955	992	1,014	1,030
Total Cost of Revenue	349	369	377	421	444	572	550	584	603	620	625
Operating Cost of Revenue	349	369	377	421	444	572	550	584	603	620	625
Total Operating Expenses	92	94	114	109	129	175	167	163	173	175	179
Selling, General & Admin Expense	92	94	114	109	129	175	167	163	173	175	179
Total Other Income / (Expense), net	-1.26	-3.33	-5.43	-11	-11	-42	-38	-38	-36	-35	-32
Interest Expense	1.41	3.21	6.07	11	12	43	39	39	37	35	32
Other Income / (Expense), net	0.15	-0.12	0.64	0.34	0.91	1.04	0.68	0.46	0.66	0.65	0.92
Income Tax Expense	34	33	21	31	25	34	17	36	33	33	14
Net Income / (Loss) Attributable to Noncontrolling Interest	11	13	9.98	9.94	11	10	11	12	11	11	14
Basic Earnings per Share	$0.61	$0.71	$0.68	$0.77	$0.74	$0.75	$0.83	$0.89	$0.99	$1.00	$1.21
Weighted Average Basic Shares Outstanding	135.98M	136.01M	136.66M	136.92M	137.01M	137.19M	138.27M	138.39M	138.52M	138.46M	138.84M
Diluted Earnings per Share	$0.60	$0.70	$0.67	$0.76	$0.74	$0.74	$0.82	$0.88	$0.97	$1.00	$1.20
Weighted Average Diluted Shares Outstanding	137.84M	138.04M	138.58M	138.60M	138.67M	138.91M	139.89M	140.06M	140.31M	140.20M	140.48M
Weighted Average Basic & Diluted Shares Outstanding	136.59M	136.64M	136.89M	137.00M	138.19M	138.25M	138.36M	138.50M	138.60M	138.83M	138.95M
Cash Dividends to Common per Share	$0.09	-	$0.10	-	$0.10	-	$0.10	-	$0.11	-	$0.11

This table details how cash moves in and out of HEICO's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	13	9.35	9.11	7.53	-2.60	350	-299	31	32	-8.95
Net Cash From Operating Activities	173	260	288	328	437	409	444	468	449	672
Net Cash From Continuing Operating Activities	173	260	288	328	437	409	444	468	449	672
Net Income / (Loss) Continuing Operations	154	176	208	286	360	336	330	391	444	559
Consolidated Net Income / (Loss)	154	176	208	286	360	336	330	391	444	559
Depreciation Expense	48	60	65	77	83	89	93	96	130	175
Non-Cash Adjustments To Reconcile Net Income	7.07	13	11	12	28	3.14	20	21	3.75	39
Changes in Operating Assets and Liabilities, net	-36	9.82	5.16	-47	-34	-18	1.78	-40	-129	-101
Net Cash From Investing Activities	-186	-308	-458	-114	-281	-199	-183	-396	-2,484	-293
Net Cash From Continuing Investing Activities	-186	-308	-458	-114	-281	-199	-183	-396	-2,484	-293
Purchase of Property, Plant & Equipment	-18	-31	-26	-42	-29	-23	-36	-32	-49	-58
Acquisitions	-167	-264	-418	-60	-241	-164	-137	-347	-2,422	-219
Purchase of Investments	-	-11	-13	-12	-14	-16	-14	-15	-19	-20
Other Investing Activities, net	-0.97	-2.94	-0.55	-0.37	2.83	3.74	3.23	-1.24	5.65	4.26
Net Cash From Financing Activities	27	57	176	-208	-160	138	-559	-34	2,065	-389
Net Cash From Continuing Financing Activities	27	57	176	-208	-160	138	-559	-34	2,065	-389
Repayment of Debt	-132	-170	-191	-208	-284	-68	-506	-213	-1,001	-379
Repurchase of Common Equity	0.00	-3.60	-4.05	-25	-64	-20	-6.13	-26	-15	-30
Payment of Dividends	-19	-30	-31	-28	-130	-39	-51	-58	-67	-90
Issuance of Debt	174	260	404	56	313	245	0.00	262	1,964	130
Issuance of Common Equity	3.67	5.92	5.66	4.03	0.00	21	0.53	0.00	1,189	0.00
Other Financing Activities, net	1.01	-5.81	-7.38	-6.09	4.47	-1.49	4.06	1.42	-6.21	-21
Effect of Exchange Rate Changes	-0.82	1.01	3.17	0.09	0.39	-	-0.22	-6.99	2.23	1.28

This table details how cash moves in and out of HEICO's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Change in Cash & Equivalents	16	5.90	3.12	-15	567	-523	25	7.84	-1.22	-41	3.36
Net Cash From Operating Activities	149	144	77	78	146	148	112	141	214	206	203
Net Cash From Continuing Operating Activities	149	144	77	78	146	148	112	141	214	206	203
Net Income / (Loss) Continuing Operations	93	110	103	115	113	114	125	135	148	151	182
Consolidated Net Income / (Loss)	93	110	103	115	113	114	125	135	148	151	182
Depreciation Expense	24	26	27	30	30	44	44	43	44	45	46
Non-Cash Adjustments To Reconcile Net Income	1.24	3.27	-8.86	-9.93	7.52	15	6.98	50	19	-37	20
Changes in Operating Assets and Liabilities, net	31	4.70	-45	-57	-3.88	-24	-64	-87	2.36	48	-44
Net Cash From Investing Activities	-79	-172	-526	-34	-14	-1,910	-71	-14	-27	-181	-288
Net Cash From Continuing Investing Activities	-79	-172	-526	-34	-14	-1,910	-71	-14	-27	-181	-288
Purchase of Property, Plant & Equipment	-8.15	-7.63	-11	-11	-12	-15	-13	-13	-16	-16	-17
Acquisitions	-70	-172	-504	-20	-2.47	-1,895	-46	-	-9.00	-164	-255
Purchase of Investments	-1.70	-1.90	-12	-2.20	-	-4.89	-13	-1.70	-2.10	-3.40	-15
Other Investing Activities, net	0.22	9.06	0.40	-0.04	0.33	4.96	1.16	0.50	0.09	2.52	-1.30
Net Cash From Financing Activities	-52	36	449	-60	435	1,241	-17	-118	-189	-65	91
Net Cash From Continuing Financing Activities	-52	36	449	-60	435	1,241	-17	-118	-189	-65	91
Repayment of Debt	-93	-55	-38	-70	-740	-152	-29	-109	-130	-110	-20
Repurchase of Common Equity	-2.13	-0.12	-18	2.73	-0.04	-	-2.81	0.46	-2.48	-25	-3.35
Payment of Dividends	-27	-8.33	-25	-14	-21	-6.66	-23	-9.77	-47	-11	-26
Issuance of Debt	69	100	531	25	8.00	1,400	50	-	-	80	145
Issuance of Common Equity	-1.61	-	-	-	1,184	-	2.25	-	-4.15	-	1.60
Other Financing Activities, net	2.93	-0.30	-1.33	-9.79	5.09	-0.18	-15	-4.16	-5.65	0.75	-7.02
Effect of Exchange Rate Changes	-	-	3.23	-	-	-	1.49	-	-	-	-2.39

This table presents HEICO's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,736	1,998	1,263	2,653	2,969	3,548	3,498	4,095	7,195	7,593
Total Current Assets	504	543	52	734	814	1,166	937	1,153	1,855	2,062
Cash & Equivalents	34	43	52	60	57	407	108	140	171	162
Accounts Receivable	182	202	-	237	274	210	245	295	509	538
Inventories, net	244	286	-	402	420	463	478	582	1,014	1,171
Prepaid Expenses	9.37	12	-	21	19	25	26	42	50	79
Other Current Assets	-	-	-	14	43	60	80	94	112	112
Plant, Property, & Equipment, net	106	122	130	155	173	169	194	226	322	339
Total Noncurrent Assets	1,127	1,334	1,081	1,765	1,982	2,213	2,367	2,717	5,018	5,191
Goodwill	767	866	1,081	1,115	1,269	1,383	1,450	1,672	3,274	3,380
Intangible Assets	273	367	-	506	551	579	582	733	1,357	1,335
Other Noncurrent Operating Assets	87	101	-	144	163	251	335	311	386	476
Total Liabilities & Shareholders' Equity	1,736	1,998	121	2,653	2,969	3,548	3,498	4,095	7,195	7,593
Total Liabilities	752	851	0.00	1,018	1,086	1,316	949	1,120	3,637	3,529
Total Current Liabilities	168	214	0.00	282	289	241	295	421	665	664
Short-Term Debt	0.36	0.41	-	0.86	0.91	1.05	1.52	1.65	18	4.11
Accounts Payable	65	73	-	107	106	76	86	117	206	198
Accrued Expenses	100	136	-	172	179	162	207	290	433	428
Current Deferred & Payable Income Tax Liabilities	3.19	4.62	-	2.84	3.05	1.65	0.96	12	8.55	34
Total Noncurrent Liabilities	583	637	0.00	736	797	1,075	654	699	2,972	2,865
Long-Term Debt	367	458	-	532	561	739	235	289	2,460	2,225
Noncurrent Deferred & Payable Income Tax Liabilities	111	65	-	47	51	56	41	71	132	114
Other Noncurrent Operating Liabilities	106	114	-	158	185	280	378	339	380	526
Commitments & Contingencies	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	91	100	131	132	188	221	253	328	365	366
Total Equity & Noncontrolling Interests	893	1,048	-11	1,503	1,695	2,011	2,297	2,648	3,193	3,697
Total Preferred & Common Equity	810	963	-11	1,398	1,667	1,980	2,263	2,606	3,146	3,637
Preferred Stock	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	809	963	-11	1,397	1,666	1,980	2,263	2,606	3,146	3,637
Common Stock	286	307	-	322	285	301	322	399	580	601
Retained Earnings	548	682	-	1,091	1,397	1,688	1,950	2,254	2,606	3,062
Accumulated Other Comprehensive Income / (Loss)	-25	-25	-11	-15	-17	-9.15	-8.55	-46	-40	-26
Other Equity Adjustments	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Noncontrolling Interest	83	84	-	105	28	30	34	42	47	61

This table presents HEICO's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Total Assets	3,787	4,805	4,870	5,453	7,336	7,366	7,422	7,891
Total Current Assets	1,082	1,319	1,367	1,932	1,912	1,969	2,027	2,103
Cash & Equivalents	134	143	127	694	196	204	203	165
Accounts Receivable	273	326	361	355	472	504	526	523
Inventories, net	546	697	722	732	1,069	1,088	1,125	1,219
Prepaid Expenses	43	51	53	47	67	62	69	77
Other Current Assets	87	102	103	103	109	110	104	118
Plant, Property, & Equipment, net	203	274	274	285	328	327	330	349
Total Noncurrent Assets	2,503	3,211	3,230	3,236	5,096	5,070	5,065	5,439
Goodwill	1,541	1,994	2,031	2,026	3,290	3,285	3,292	3,491
Intangible Assets	639	874	844	823	1,366	1,333	1,300	1,447
Other Noncurrent Operating Assets	323	343	354	388	440	452	473	501
Total Liabilities & Shareholders' Equity	3,787	4,805	4,870	5,453	7,336	7,366	7,422	7,891
Total Liabilities	998	1,720	1,665	2,150	3,654	3,555	3,496	3,656
Total Current Liabilities	346	453	467	479	604	559	615	618
Short-Term Debt	1.73	1.62	19	17	4.74	4.38	4.21	3.95
Accounts Payable	108	135	148	140	195	195	207	208
Accrued Expenses	234	291	296	316	382	354	399	360
Current Deferred & Payable Income Tax Liabilities	2.46	26	4.10	7.15	23	6.03	3.55	47
Total Noncurrent Liabilities	652	1,267	1,198	1,671	3,049	2,996	2,882	3,038
Long-Term Debt	244	781	736	1,198	2,496	2,385	2,255	2,350
Noncurrent Deferred & Payable Income Tax Liabilities	48	113	94	83	128	120	117	109
Other Noncurrent Operating Liabilities	360	372	368	389	426	490	510	579
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	297	340	346	344	366	368	329	424
Total Equity & Noncontrolling Interests	2,493	2,744	2,860	2,959	3,317	3,443	3,597	3,811
Total Preferred & Common Equity	2,452	2,699	2,818	2,914	3,266	3,389	3,540	3,747
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,452	2,699	2,818	2,914	3,266	3,389	3,540	3,747
Common Stock	319	390	400	408	587	600	615	620
Retained Earnings	2,171	2,329	2,435	2,523	2,705	2,825	2,954	3,180
Accumulated Other Comprehensive Income / (Loss)	-38	-19	-18	-17	-26	-36	-29	-54
Other Equity Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Noncontrolling Interest	40	45	42	45	50	53	57	64

This table displays calculated financial ratios and metrics derived from HEICO's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.98%	15.78%	10.79%	16.59%	15.63%	-13.07%	4.40%	18.37%	34.41%	29.97%
EBITDA Growth	10.22%	17.33%	14.43%	21.69%	19.77%	-14.08%	4.46%	21.83%	27.72%	32.17%
EBIT Growth	12.54%	15.56%	15.99%	22.24%	22.16%	-17.74%	4.32%	26.14%	26.31%	31.62%
NOPAT Growth	10.29%	15.99%	17.54%	41.16%	24.49%	-7.68%	-3.45%	18.08%	26.61%	35.93%
Net Income Growth	10.66%	14.71%	17.89%	37.57%	25.92%	-6.64%	-1.82%	18.46%	13.76%	25.81%
EPS Growth	10.66%	14.71%	17.89%	38.69%	25.79%	-4.18%	-3.49%	15.38%	14.12%	26.12%
Operating Cash Flow Growth	-9.35%	50.24%	11.00%	13.95%	33.15%	-6.46%	8.54%	5.35%	-4.09%	49.84%
Free Cash Flow Firm Growth	-123.49%	-62.08%	1,009.79%	126.47%	-239.03%	109.54%	30.63%	-124.21%	-4,067.56%	118.52%
Invested Capital Growth	17.36%	18.50%	-22.48%	-80.74%	923.60%	7.41%	4.40%	16.77%	87.58%	4.53%
Revenue Q/Q Growth	3.16%	2.58%	3.95%	3.23%	3.25%	-6.06%	4.67%	4.75%	12.37%	2.04%
EBITDA Q/Q Growth	6.16%	3.24%	4.50%	3.59%	3.64%	-5.96%	5.79%	5.83%	8.91%	3.06%
EBIT Q/Q Growth	6.87%	2.86%	4.70%	3.85%	3.83%	-7.60%	7.00%	6.67%	7.55%	3.61%
NOPAT Q/Q Growth	5.55%	3.35%	5.02%	5.91%	5.26%	-7.42%	7.97%	4.99%	7.44%	5.05%
Net Income Q/Q Growth	5.46%	3.22%	4.83%	5.54%	5.42%	-6.93%	8.48%	4.50%	0.77%	7.15%
EPS Q/Q Growth	5.46%	3.22%	4.83%	2.70%	3.46%	-8.40%	8.87%	2.82%	1.39%	7.62%
Operating Cash Flow Q/Q Growth	-6.43%	15.95%	8.13%	1.47%	2.40%	-3.27%	-0.04%	7.83%	1.00%	9.31%
Free Cash Flow Firm Q/Q Growth	-135.43%	71.48%	628.40%	1,106.93%	-2,450.34%	-38.31%	-11.05%	-244.55%	-389.51%	127.43%
Invested Capital Q/Q Growth	10.88%	-1.29%	-29.12%	-89.00%	-0.58%	2.54%	4.52%	7.77%	53.37%	2.48%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.53%	37.46%	37.69%	38.85%	39.59%	38.17%	38.99%	39.07%	38.86%	38.93%
EBITDA Margin	23.35%	23.66%	24.43%	25.50%	26.42%	26.11%	26.12%	26.89%	25.55%	25.98%
Operating Margin	19.32%	19.28%	20.11%	21.16%	22.24%	21.08%	21.06%	22.50%	21.07%	21.37%
EBIT Margin	19.32%	19.28%	20.18%	21.16%	22.35%	21.15%	21.14%	22.52%	21.17%	21.44%
Profit (Net Income) Margin	12.92%	12.80%	13.62%	16.07%	17.50%	18.79%	17.67%	17.69%	14.97%	14.49%
Tax Burden Percent	68.26%	68.53%	69.69%	80.18%	82.16%	92.05%	85.20%	79.55%	80.03%	82.51%
Interest Burden Percent	97.99%	96.88%	96.82%	94.71%	95.28%	96.52%	98.15%	98.72%	88.38%	81.94%
Effective Tax Rate	31.74%	31.47%	30.31%	19.82%	17.84%	7.95%	14.80%	20.45%	19.97%	17.49%
Return on Invested Capital (ROIC)	12.84%	12.62%	15.41%	41.77%	28.66%	14.00%	12.77%	13.62%	11.13%	11.34%
ROIC Less NNEP Spread (ROIC-NNEP)	11.84%	11.11%	14.61%	213.87%	33.89%	11.41%	10.61%	10.30%	6.57%	5.80%
Return on Net Nonoperating Assets (RNNOA)	4.23%	3.90%	17.35%	-2.72%	-6.35%	2.32%	1.02%	0.52%	2.47%	3.33%
Return on Equity (ROE)	17.07%	16.53%	32.76%	39.05%	22.31%	16.32%	13.79%	14.14%	13.60%	14.67%
Cash Return on Invested Capital (CROIC)	-3.14%	-4.31%	40.74%	177.17%	-135.74%	6.86%	8.46%	-1.85%	-49.78%	6.91%
Operating Return on Assets (OROA)	14.24%	14.21%	18.87%	43.99%	26.90%	11.60%	11.19%	13.10%	11.13%	11.18%
Return on Assets (ROA)	9.52%	9.43%	12.73%	33.41%	21.06%	10.31%	9.36%	10.29%	7.87%	7.56%
Return on Common Equity (ROCE)	14.31%	13.74%	24.61%	29.20%	19.16%	14.46%	12.24%	12.46%	11.98%	13.06%
Return on Equity Simple (ROE_SIMPLE)	18.96%	18.28%	-1,967.22%	25.86%	21.59%	16.96%	14.57%	14.99%	14.13%	15.37%
Net Operating Profit after Tax (NOPAT)	157	182	214	302	376	347	335	395	500	680
NOPAT Margin	13.19%	13.21%	14.02%	16.97%	18.27%	19.40%	17.94%	17.90%	16.86%	17.63%
Net Nonoperating Expense Percent (NNEP)	1.00%	1.52%	0.81%	-172.10%	-5.24%	2.59%	2.16%	3.32%	4.56%	5.54%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	13.45%	8.82%	11.48%
Cost of Revenue to Revenue	63.47%	62.54%	62.31%	61.15%	60.41%	61.83%	61.01%	60.93%	61.14%	61.07%
SG&A Expenses to Revenue	17.21%	18.18%	17.58%	17.69%	17.35%	17.09%	17.93%	16.57%	17.79%	17.56%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.21%	18.18%	17.58%	17.69%	17.35%	17.09%	17.93%	16.57%	17.79%	17.56%
Earnings before Interest and Taxes (EBIT)	230	265	308	376	460	378	394	497	628	827
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	277	326	373	453	543	467	487	594	758	1,002
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.11	4.66	0.00	10.01	9.87	7.12	8.31	8.50	6.95	9.33
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	10.01	0.00	785.09	81.62	110.61	0.00	0.00
Price to Revenue (P/Rev)	2.80	3.26	4.98	6.22	8.00	7.89	10.08	10.04	7.37	8.80
Price to Earnings (P/E)	24.92	28.76	40.80	42.64	50.15	44.93	61.81	63.03	54.18	66.04
Dividend Yield	0.90%	0.24%	0.17%	0.13%	0.16%	0.15%	0.12%	0.11%	0.13%	0.09%
Earnings Yield	4.01%	3.48%	2.45%	2.35%	1.99%	2.23%	1.62%	1.59%	1.85%	1.51%
Enterprise Value to Invested Capital (EV/IC)	2.91	3.26	6.33	48.41	7.19	5.73	7.18	7.26	4.19	5.94
Enterprise Value to Revenue (EV/Rev)	3.22	3.70	5.03	6.35	8.35	8.22	10.30	10.27	8.28	9.45
Enterprise Value to EBITDA (EV/EBITDA)	13.81	15.63	20.58	24.91	31.61	31.49	39.43	38.21	32.42	36.36
Enterprise Value to EBIT (EV/EBIT)	16.69	19.19	24.91	30.02	37.35	38.87	48.74	45.61	39.13	44.07
Enterprise Value to NOPAT (EV/NOPAT)	24.44	28.00	35.87	37.43	45.70	42.38	57.41	57.39	49.13	53.57
Enterprise Value to Operating Cash Flow (EV/OCF)	22.17	19.60	26.59	34.38	39.24	35.91	43.28	48.49	54.79	54.20
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	13.57	8.83	0.00	86.53	86.65	0.00	0.00	87.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.37	0.40	0.00	0.00	0.30	0.33	0.09	0.10	0.70	0.55
Long-Term Debt to Equity	0.37	0.40	0.00	0.00	0.30	0.33	0.09	0.10	0.69	0.55
Financial Leverage	0.36	0.35	1.19	-0.01	-0.19	0.20	0.10	0.05	0.38	0.57
Leverage Ratio	1.79	1.75	2.57	1.17	1.06	1.58	1.47	1.37	1.73	1.94
Compound Leverage Factor	1.76	1.70	2.49	1.11	1.01	1.53	1.45	1.36	1.53	1.59
Debt to Total Capital	27.19%	28.54%	0.00%	0.00%	22.99%	24.90%	8.49%	8.89%	41.05%	35.43%
Short-Term Debt to Total Capital	0.03%	0.03%	0.00%	0.00%	0.04%	0.04%	0.05%	0.05%	0.29%	0.07%
Long-Term Debt to Total Capital	27.16%	28.52%	0.00%	0.00%	22.95%	24.86%	8.43%	8.84%	40.76%	35.36%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	12.92%	11.45%	108.76%	17.72%	8.85%	8.47%	10.28%	11.32%	6.83%	6.78%
Common Equity to Total Capital	59.86%	59.98%	-8.76%	82.28%	68.13%	66.64%	81.23%	79.79%	52.12%	57.79%
Debt to EBITDA	1.32	1.41	0.00	0.00	1.03	1.59	0.49	0.49	3.27	2.22
Net Debt to EBITDA	1.20	1.28	0.00	0.00	0.93	0.71	0.26	0.25	3.04	2.06
Long-Term Debt to EBITDA	1.32	1.41	0.00	0.00	1.03	1.58	0.48	0.49	3.24	2.22
Debt to NOPAT	2.34	2.52	0.00	0.00	1.50	2.13	0.71	0.73	4.95	3.28
Net Debt to NOPAT	2.13	2.28	0.00	0.00	1.34	0.96	0.38	0.38	4.61	3.04
Long-Term Debt to NOPAT	2.34	2.52	0.00	0.00	1.49	2.13	0.70	0.73	4.92	3.27
Altman Z-Score	4.45	4.97	0.00	41.99	11.16	8.27	13.80	13.80	5.01	7.42
Noncontrolling Interest Sharing Ratio	16.15%	16.86%	24.88%	25.23%	14.11%	11.39%	11.25%	11.88%	11.96%	11.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.99	2.53	0.00	2.74	2.81	4.83	3.18	2.74	2.79	3.11
Quick Ratio	1.28	1.14	0.00	0.00	1.15	2.56	1.20	1.03	1.02	1.06
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-38	-62	565	1,280	-1,779	170	222	-54	-2,238	414
Operating Cash Flow to CapEx	947.25%	841.50%	1,108.87%	784.52%	1,511.43%	1,783.46%	1,227.33%	1,462.87%	907.75%	1,154.07%
Free Cash Flow to Firm to Interest Expense	-8.28	-7.51	57.71	64.30	-82.00	12.90	30.45	-8.41	-30.66	2.78
Operating Cash Flow to Interest Expense	37.37	31.40	29.45	16.51	20.16	31.09	60.96	73.26	6.15	4.50
Operating Cash Flow Less CapEx to Interest Expense	33.42	27.67	26.79	14.40	18.83	29.35	55.99	68.25	5.47	4.11
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.74	0.74	0.94	2.08	1.20	0.55	0.53	0.58	0.53	0.52
Accounts Receivable Turnover	7.18	7.17	0.00	0.00	0.00	7.37	8.19	8.18	7.38	7.37
Inventory Turnover	3.27	3.25	0.00	0.00	3.13	2.50	2.42	2.54	2.27	2.16
Fixed Asset Turnover	11.91	12.11	12.13	0.00	0.00	10.44	10.29	10.53	10.84	11.67
Accounts Payable Turnover	12.38	12.47	0.00	0.00	0.00	12.11	14.07	13.32	11.26	11.65
Days Sales Outstanding (DSO)	50.86	50.90	0.00	0.00	0.00	49.51	44.54	44.61	49.43	49.56
Days Inventory Outstanding (DIO)	111.65	112.33	0.00	0.00	116.46	145.94	150.91	143.84	160.53	169.23
Days Payable Outstanding (DPO)	29.47	29.26	0.00	0.00	0.00	30.14	25.94	27.41	32.43	31.32
Cash Conversion Cycle (CCC)	133.04	133.97	0.00	0.00	116.46	165.31	169.52	161.04	177.53	187.47
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,319	1,562	1,211	233	2,388	2,565	2,678	3,127	5,865	6,131
Invested Capital Turnover	0.97	0.96	1.10	2.46	1.57	0.72	0.71	0.76	0.66	0.64
Increase / (Decrease) in Invested Capital	195	244	-351	-978	2,155	177	113	449	2,738	266
Enterprise Value (EV)	3,832	5,091	7,667	11,293	17,164	14,692	19,218	22,685	24,586	36,444
Market Capitalization	3,323	4,491	7,588	11,055	16,443	14,107	18,804	22,165	21,867	33,950
Book Value per Share	$12.11	$14.32	($0.13)	$8.31	$12.42	$14.67	$16.72	$19.08	$22.77	$26.24
Tangible Book Value per Share	($3.44)	($4.01)	($12.93)	$8.31	($1.15)	$0.13	$1.70	$1.47	($10.75)	($7.78)
Total Capital	1,352	1,605	121	1,343	2,445	2,972	2,786	3,266	6,036	6,293
Total Debt	368	458	0.00	0.00	562	740	236	290	2,478	2,229
Total Long-Term Debt	367	458	0.00	0.00	561	739	235	289	2,460	2,225
Net Debt	334	415	-52	0.00	505	333	128	151	2,307	2,067
Capital Expenditures (CapEx)	18	31	26	42	29	23	36	32	49	58
Debt-free, Cash-free Net Working Capital (DFCFNWC)	302	286	0.00	284	468	519	536	594	1,037	1,240
Debt-free Net Working Capital (DFNWC)	336	329	52	284	525	926	644	734	1,208	1,403
Net Working Capital (NWC)	335	329	52	284	525	924	643	732	1,190	1,398
Net Nonoperating Expense (NNE)	3.20	5.68	6.06	16	16	11	4.98	4.63	56	121
Net Nonoperating Obligations (NNO)	334	415	1,091	-1,109	505	333	128	151	2,307	2,067
Total Depreciation and Amortization (D&A)	48	60	65	77	83	89	93	96	130	175
Debt-free, Cash-free Net Working Capital to Revenue	25.41%	20.80%	0.00%	15.99%	22.79%	29.02%	28.71%	26.90%	34.93%	32.16%
Debt-free Net Working Capital to Revenue	28.23%	23.92%	3.41%	15.99%	25.56%	51.79%	34.52%	33.22%	40.69%	36.36%
Net Working Capital to Revenue	28.20%	23.89%	3.41%	15.99%	25.52%	51.73%	34.44%	33.14%	40.09%	36.25%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.02	$1.19	$1.41	$1.96	$2.45	$2.33	$2.25	$2.59	$2.94	$3.71
Adjusted Weighted Average Basic Shares Outstanding	130.35M	130.95M	131.70M	132.54M	133.64M	134.75M	135.33M	136.01M	137.19M	138.46M
Adjusted Diluted Earnings per Share	$1.01	$1.17	$1.37	$1.90	$2.39	$2.29	$2.21	$2.55	$2.91	$3.67
Adjusted Weighted Average Diluted Shares Outstanding	132.44M	133.14M	135.59M	136.70M	137.35M	137.30M	137.85M	138.04M	138.91M	140.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	130.61M	131.48M	132.04M	132.93M	134.50M	135.22M	135.51M	136.64M	138.25M	138.83M
Normalized Net Operating Profit after Tax (NOPAT)	157	182	214	302	376	347	335	395	500	680
Normalized NOPAT Margin	13.19%	13.21%	14.02%	16.97%	18.27%	19.40%	17.94%	17.90%	16.86%	17.63%
Pre Tax Income Margin	18.93%	18.68%	19.54%	20.04%	21.30%	20.42%	20.75%	22.24%	18.71%	17.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	49.63	32.07	31.44	18.90	21.18	28.73	54.13	77.89	8.61	5.54
NOPAT to Interest Expense	33.89	21.98	21.83	15.16	17.31	26.35	45.95	61.89	6.86	4.56
EBIT Less CapEx to Interest Expense	45.69	28.34	28.78	16.80	19.85	26.98	49.16	72.88	7.93	5.15
NOPAT Less CapEx to Interest Expense	29.94	18.25	19.18	13.06	15.98	24.60	40.98	56.89	6.18	4.17
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	12.40%	16.88%	15.03%	9.95%	36.01%	11.75%	15.46%	14.92%	15.01%	16.09%
Augmented Payout Ratio	12.40%	18.93%	16.98%	18.69%	53.81%	17.58%	17.31%	21.57%	18.35%	21.44%

This table displays calculated financial ratios and metrics derived from HEICO's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	20.74%	19.67%	26.63%	27.66%	26.93%	53.61%	44.36%	38.90%	37.26%	8.25%	14.93%
EBITDA Growth	23.26%	23.43%	28.51%	27.69%	17.74%	36.03%	42.81%	34.88%	45.39%	12.71%	22.08%
EBIT Growth	27.62%	26.96%	31.32%	27.90%	16.59%	30.13%	39.07%	33.14%	44.47%	15.12%	25.89%
NOPAT Growth	10.60%	19.94%	13.41%	32.18%	29.68%	29.77%	47.82%	33.26%	45.55%	22.64%	32.69%
Net Income Growth	11.24%	18.01%	9.29%	23.57%	21.13%	3.08%	21.82%	17.24%	31.10%	32.86%	44.69%
EPS Growth	7.14%	11.11%	6.35%	22.58%	23.33%	5.71%	22.39%	15.79%	31.08%	35.14%	46.34%
Operating Cash Flow Growth	20.30%	30.88%	-1.66%	-19.66%	-2.17%	3.08%	45.60%	81.53%	46.62%	38.58%	81.85%
Free Cash Flow Firm Growth	-1,108.26%	-1,674.77%	-1,901.13%	-324.15%	-226.56%	-670.93%	-132.52%	-139.01%	-147.28%	96.67%	89.28%
Invested Capital Growth	13.24%	16.77%	37.31%	33.42%	31.81%	87.58%	60.73%	56.45%	56.44%	4.53%	7.29%
Revenue Q/Q Growth	5.70%	7.04%	1.85%	10.78%	5.10%	29.54%	-4.28%	6.59%	3.86%	2.16%	1.63%
EBITDA Q/Q Growth	4.19%	12.75%	-8.74%	19.11%	-3.93%	30.26%	-4.19%	12.50%	3.55%	0.98%	3.78%
EBIT Q/Q Growth	4.71%	13.57%	-11.14%	21.03%	-4.55%	26.76%	-5.04%	15.88%	3.57%	1.01%	3.85%
NOPAT Q/Q Growth	0.41%	19.92%	-4.63%	15.10%	-1.49%	20.01%	8.64%	3.76%	7.60%	1.11%	17.55%
Net Income Q/Q Growth	-0.03%	18.36%	-6.51%	11.70%	-2.01%	0.72%	10.49%	7.51%	9.57%	2.08%	20.33%
EPS Q/Q Growth	-3.23%	16.67%	-4.29%	13.43%	-2.63%	0.00%	10.81%	7.32%	10.23%	3.09%	20.00%
Operating Cash Flow Q/Q Growth	54.13%	-3.49%	-46.73%	1.39%	87.68%	1.68%	-24.75%	26.41%	51.59%	-3.89%	-1.26%
Free Cash Flow Firm Q/Q Growth	-24.41%	-37.07%	-169.01%	7.54%	4.21%	-223.58%	18.86%	4.96%	0.90%	95.64%	-160.81%
Invested Capital Q/Q Growth	0.98%	7.77%	19.12%	2.91%	-0.23%	53.37%	2.07%	0.17%	-0.24%	2.48%	4.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.79%	39.43%	39.26%	38.75%	38.56%	38.92%	38.69%	38.92%	39.23%	38.86%	39.38%
EBITDA Margin	26.81%	28.24%	25.31%	27.21%	24.87%	25.01%	25.03%	26.42%	26.35%	26.04%	26.59%
Operating Margin	22.61%	24.03%	20.85%	22.84%	20.66%	20.23%	20.10%	21.89%	21.81%	21.57%	22.02%
EBIT Margin	22.63%	24.01%	20.95%	22.89%	20.79%	20.34%	20.18%	21.94%	21.88%	21.63%	22.10%
Profit (Net Income) Margin	16.34%	18.07%	16.59%	16.73%	15.60%	12.13%	14.00%	14.12%	14.90%	14.89%	17.62%
Tax Burden Percent	73.02%	76.95%	83.07%	78.78%	81.61%	77.22%	88.19%	78.84%	81.98%	82.05%	92.98%
Interest Burden Percent	98.91%	97.81%	95.33%	92.78%	91.93%	77.20%	78.66%	81.63%	83.06%	83.85%	85.75%
Effective Tax Rate	26.98%	23.05%	16.93%	21.22%	18.39%	22.78%	11.81%	21.16%	18.02%	17.95%	7.02%
Return on Invested Capital (ROIC)	12.74%	14.07%	12.58%	13.35%	13.25%	10.31%	11.84%	12.33%	13.79%	11.38%	13.17%
ROIC Less NNEP Spread (ROIC-NNEP)	11.93%	12.24%	11.38%	11.11%	10.35%	7.65%	9.57%	10.20%	11.49%	10.08%	11.86%
Return on Net Nonoperating Assets (RNNOA)	0.52%	0.62%	1.51%	1.45%	1.07%	2.88%	4.16%	4.09%	4.10%	5.78%	6.73%
Return on Equity (ROE)	13.26%	14.69%	14.09%	14.80%	14.32%	13.19%	16.01%	16.42%	17.88%	17.17%	19.90%
Cash Return on Invested Capital (CROIC)	1.36%	-1.85%	-18.78%	-15.58%	-13.60%	-49.78%	-35.25%	-31.98%	-30.81%	6.91%	4.79%
Operating Return on Assets (OROA)	13.16%	13.96%	11.78%	13.31%	11.88%	10.69%	10.78%	12.59%	12.85%	11.29%	11.59%
Return on Assets (ROA)	9.51%	10.51%	9.33%	9.73%	8.92%	6.38%	7.48%	8.10%	8.75%	7.77%	9.24%
Return on Common Equity (ROCE)	11.75%	12.94%	12.40%	12.98%	12.61%	11.61%	14.11%	14.52%	15.97%	15.28%	17.63%
Return on Equity Simple (ROE_SIMPLE)	15.24%	0.00%	14.80%	14.95%	15.13%	0.00%	14.29%	14.36%	14.74%	0.00%	16.42%
Net Operating Profit after Tax (NOPAT)	94	113	108	124	122	146	159	165	177	179	211
NOPAT Margin	16.51%	18.49%	17.32%	17.99%	16.86%	15.62%	17.73%	17.26%	17.88%	17.70%	20.47%
Net Nonoperating Expense Percent (NNEP)	0.81%	1.83%	1.20%	2.24%	2.90%	2.66%	2.27%	2.13%	2.30%	1.30%	1.31%
Return On Investment Capital (ROIC_SIMPLE)	-	3.84%	-	-	-	2.58%	2.73%	-	-	3.03%	3.42%
Cost of Revenue to Revenue	61.21%	60.57%	60.74%	61.25%	61.44%	61.08%	61.31%	61.08%	60.77%	61.14%	60.62%
SG&A Expenses to Revenue	16.19%	15.40%	18.42%	15.91%	17.90%	18.69%	18.58%	17.02%	17.42%	17.29%	17.36%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	16.19%	15.40%	18.42%	15.91%	17.90%	18.69%	18.58%	17.02%	17.42%	17.29%	17.36%
Earnings before Interest and Taxes (EBIT)	129	146	130	157	150	190	181	210	217	219	228
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	153	172	157	187	180	234	224	252	261	264	274
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.72	8.50	8.64	8.18	8.26	6.95	7.59	8.46	9.44	9.33	8.84
Price to Tangible Book Value (P/TBV)	78.62	110.61	0.00	0.00	367.46	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	10.15	10.04	9.97	9.26	9.12	7.37	7.64	8.17	8.84	8.80	8.30
Price to Earnings (P/E)	62.82	63.03	65.16	60.99	60.61	54.18	58.30	64.70	69.95	66.04	58.37
Dividend Yield	0.11%	0.11%	0.11%	0.11%	0.11%	0.13%	0.11%	0.10%	0.09%	0.09%	0.09%
Earnings Yield	1.59%	1.59%	1.53%	1.64%	1.65%	1.85%	1.72%	1.55%	1.43%	1.51%	1.71%
Enterprise Value to Invested Capital (EV/IC)	7.53	7.26	6.53	6.28	6.54	4.19	4.60	5.22	6.00	5.94	5.57
Enterprise Value to Revenue (EV/Rev)	10.36	10.27	10.41	9.67	9.46	8.28	8.48	8.91	9.49	9.45	8.97
Enterprise Value to EBITDA (EV/EBITDA)	38.93	38.21	38.72	35.96	35.90	32.42	33.33	35.12	36.88	36.36	34.03
Enterprise Value to EBIT (EV/EBIT)	46.84	45.61	46.06	42.76	42.79	39.13	40.52	42.79	44.94	44.07	40.97
Enterprise Value to NOPAT (EV/NOPAT)	58.02	57.39	59.71	54.97	53.66	49.13	49.99	52.85	55.39	53.57	48.80
Enterprise Value to Operating Cash Flow (EV/OCF)	50.34	48.49	52.16	53.77	56.26	54.79	56.88	57.19	58.31	54.20	46.86
Enterprise Value to Free Cash Flow (EV/FCFF)	587.98	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	87.94	120.46
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.09	0.10	0.25	0.24	0.37	0.70	0.68	0.63	0.58	0.55	0.56
Long-Term Debt to Equity	0.09	0.10	0.25	0.23	0.36	0.69	0.68	0.63	0.57	0.55	0.55
Financial Leverage	0.04	0.05	0.13	0.13	0.10	0.38	0.44	0.40	0.36	0.57	0.57
Leverage Ratio	1.38	1.37	1.46	1.44	1.52	1.73	1.79	1.74	1.78	1.94	1.92
Compound Leverage Factor	1.37	1.34	1.40	1.34	1.39	1.33	1.41	1.42	1.48	1.63	1.65
Debt to Total Capital	8.09%	8.89%	20.24%	19.06%	26.90%	41.05%	40.44%	38.54%	36.52%	35.43%	35.72%
Short-Term Debt to Total Capital	0.06%	0.05%	0.04%	0.48%	0.37%	0.29%	0.08%	0.07%	0.07%	0.07%	0.06%
Long-Term Debt to Total Capital	8.04%	8.84%	20.20%	18.58%	26.52%	40.76%	40.36%	38.47%	36.46%	35.36%	35.66%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	11.09%	11.32%	9.96%	9.79%	8.60%	6.83%	6.73%	6.80%	6.24%	6.78%	7.41%
Common Equity to Total Capital	80.77%	79.79%	69.79%	71.16%	64.50%	52.12%	52.83%	54.66%	57.23%	57.79%	56.87%
Debt to EBITDA	0.44	0.49	1.25	1.13	1.75	3.27	3.03	2.68	2.32	2.22	2.24
Net Debt to EBITDA	0.20	0.25	1.02	0.94	0.75	3.04	2.79	2.45	2.11	2.06	2.08
Long-Term Debt to EBITDA	0.43	0.49	1.24	1.10	1.72	3.24	3.02	2.68	2.32	2.22	2.23
Debt to NOPAT	0.65	0.73	1.92	1.72	2.61	4.95	4.54	4.04	3.49	3.28	3.21
Net Debt to NOPAT	0.30	0.38	1.57	1.43	1.12	4.61	4.19	3.69	3.18	3.04	2.98
Long-Term Debt to NOPAT	0.65	0.73	1.92	1.68	2.57	4.92	4.53	4.03	3.48	3.27	3.20
Altman Z-Score	14.56	13.52	9.60	9.85	8.26	4.81	5.33	6.18	7.13	7.16	6.83
Noncontrolling Interest Sharing Ratio	11.40%	11.88%	11.96%	12.31%	11.93%	11.96%	11.84%	11.53%	10.72%	11.00%	11.42%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.12	2.74	2.91	2.93	4.03	2.79	3.17	3.52	3.30	3.11	3.40
Quick Ratio	1.17	1.03	1.03	1.05	2.19	1.02	1.11	1.27	1.19	1.06	1.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-245	-336	-904	-836	-801	-2,592	-2,103	-1,999	-1,981	-86	-225
Operating Cash Flow to CapEx	1,831.05%	1,887.82%	707.04%	702.03%	1,190.71%	972.46%	834.66%	1,090.05%	1,349.87%	1,278.27%	1,171.24%
Free Cash Flow to Firm to Interest Expense	-174.46	-104.90	-149.05	-73.53	-66.09	-59.69	-54.47	-51.90	-53.84	-2.44	-6.95
Operating Cash Flow to Interest Expense	106.09	44.91	12.64	6.84	12.04	3.42	2.89	3.66	5.82	5.81	6.26
Operating Cash Flow Less CapEx to Interest Expense	100.29	42.53	10.85	5.86	11.03	3.07	2.55	3.33	5.39	5.35	5.72
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.58	0.58	0.56	0.58	0.57	0.53	0.53	0.57	0.59	0.52	0.52
Accounts Receivable Turnover	8.74	8.18	8.45	7.89	8.40	7.38	8.13	8.11	8.58	7.37	8.02
Inventory Turnover	2.55	2.54	2.37	2.44	2.52	2.27	2.25	2.38	2.49	2.16	2.13
Fixed Asset Turnover	11.04	10.53	9.97	10.65	10.83	10.84	10.77	11.69	12.29	11.67	11.80
Accounts Payable Turnover	13.55	13.32	12.71	12.39	13.00	11.26	12.05	12.55	13.30	11.65	12.06
Days Sales Outstanding (DSO)	41.74	44.61	43.20	46.28	43.44	49.43	44.87	44.98	42.54	49.56	45.49
Days Inventory Outstanding (DIO)	142.88	143.84	154.08	149.37	144.69	160.53	162.22	153.66	146.81	169.23	171.73
Days Payable Outstanding (DPO)	26.93	27.41	28.72	29.46	28.07	32.43	30.28	29.09	27.43	31.32	30.26
Cash Conversion Cycle (CCC)	157.70	161.04	168.56	166.19	160.05	177.53	176.80	169.55	161.91	187.47	186.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,901	3,127	3,725	3,833	3,824	5,865	5,987	5,997	5,982	6,131	6,423
Invested Capital Turnover	0.77	0.76	0.73	0.74	0.79	0.66	0.67	0.71	0.77	0.64	0.64
Increase / (Decrease) in Invested Capital	339	449	1,012	960	923	2,738	2,262	2,164	2,158	266	436
Enterprise Value (EV)	21,842	22,685	24,338	24,063	24,994	24,586	27,514	31,290	35,867	36,444	35,793
Market Capitalization	21,393	22,165	23,312	23,048	24,085	21,867	24,793	28,683	33,425	33,950	33,117
Book Value per Share	$18.04	$19.08	$19.75	$20.58	$21.27	$22.77	$23.62	$24.50	$25.56	$26.24	$26.99
Tangible Book Value per Share	$2.00	$1.47	($1.24)	($0.42)	$0.48	($10.75)	($10.05)	($8.89)	($7.59)	($7.78)	($8.58)
Total Capital	3,036	3,266	3,867	3,960	4,518	6,036	6,183	6,201	6,185	6,293	6,588
Total Debt	246	290	783	755	1,215	2,478	2,500	2,390	2,259	2,229	2,354
Total Long-Term Debt	244	289	781	736	1,198	2,460	2,496	2,385	2,255	2,225	2,350
Net Debt	112	151	640	627	521	2,307	2,304	2,185	2,056	2,067	2,188
Capital Expenditures (CapEx)	8.15	7.63	11	11	12	15	13	13	16	16	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	603	594	724	792	775	1,037	1,117	1,210	1,213	1,240	1,323
Debt-free Net Working Capital (DFNWC)	737	734	867	919	1,470	1,208	1,313	1,414	1,416	1,403	1,488
Net Working Capital (NWC)	735	732	865	900	1,453	1,190	1,308	1,410	1,412	1,398	1,484
Net Nonoperating Expense (NNE)	0.92	2.56	4.51	8.69	9.15	33	33	30	30	29	29
Net Nonoperating Obligations (NNO)	111	151	640	627	521	2,307	2,304	2,185	2,056	2,067	2,188
Total Depreciation and Amortization (D&A)	24	26	27	30	30	44	44	43	44	45	46
Debt-free, Cash-free Net Working Capital to Revenue	28.63%	26.90%	30.97%	31.81%	29.36%	34.93%	34.43%	34.46%	32.10%	32.16%	33.14%
Debt-free Net Working Capital to Revenue	34.96%	33.22%	37.07%	36.93%	55.64%	40.69%	40.48%	40.27%	37.47%	36.36%	37.29%
Net Working Capital to Revenue	34.88%	33.14%	37.00%	36.17%	55.01%	40.09%	40.33%	40.15%	37.36%	36.25%	37.19%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.61	$0.71	$0.68	$0.77	$0.74	$0.75	$0.83	$0.89	$0.99	$1.00	$1.21
Adjusted Weighted Average Basic Shares Outstanding	135.98M	136.01M	136.66M	136.92M	137.01M	137.19M	138.27M	138.39M	138.52M	138.46M	138.84M
Adjusted Diluted Earnings per Share	$0.60	$0.70	$0.67	$0.76	$0.74	$0.74	$0.82	$0.88	$0.97	$1.00	$1.20
Adjusted Weighted Average Diluted Shares Outstanding	137.84M	138.04M	138.58M	138.60M	138.67M	138.91M	139.89M	140.06M	140.31M	140.20M	140.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	136.59M	136.64M	136.89M	137.00M	138.19M	138.25M	138.36M	138.50M	138.60M	138.83M	138.95M
Normalized Net Operating Profit after Tax (NOPAT)	94	113	108	124	122	146	159	165	177	179	211
Normalized NOPAT Margin	16.51%	18.49%	17.32%	17.99%	16.86%	15.62%	17.73%	17.26%	17.88%	17.70%	20.47%
Pre Tax Income Margin	22.38%	23.48%	19.97%	21.23%	19.11%	15.70%	15.87%	17.91%	18.17%	18.14%	18.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	91.67	45.67	21.44	13.84	12.40	4.39	4.69	5.44	5.90	6.19	7.02
NOPAT to Interest Expense	66.86	35.17	17.72	10.88	10.06	3.37	4.12	4.28	4.82	5.07	6.50
EBIT Less CapEx to Interest Expense	85.88	43.29	19.65	12.87	11.39	4.04	4.34	5.11	5.47	5.74	6.48
NOPAT Less CapEx to Interest Expense	61.07	32.79	15.93	9.91	9.05	3.02	3.77	3.95	4.39	4.61	5.96
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	14.38%	14.92%	14.08%	15.62%	13.52%	15.01%	13.78%	11.77%	15.88%	16.09%	15.10%
Augmented Payout Ratio	21.94%	21.57%	21.24%	21.74%	18.90%	18.35%	13.81%	12.82%	17.33%	21.44%	20.05%

Frequently Asked Questions About HEICO's Financials

When does HEICO's financial year end?

According to the most recent income statement we have on file, HEICO's fiscal year ends in October. Their fiscal year 2024 ended on October 31, 2024.

How has HEICO's net income changed over the last 9 years?

HEICO's net income appears to be on an upward trend, with a most recent value of $559.09 million in 2024, rising from $153.56 million in 2015. The previous period was $444.38 million in 2023.

What is HEICO's operating income?

HEICO's total operating income in 2024 was $824.46 million, based on the following breakdown:

Total Gross Profit: $1.50 billion
Total Operating Expenses: $677.27 million

How has HEICO revenue changed over the last 9 years?

Over the last 9 years, HEICO's total revenue changed from $1.19 billion in 2015 to $3.86 billion in 2024, a change of 224.5%.

How much debt does HEICO have?

HEICO's total liabilities were at $3.53 billion at the end of 2024, a 3.0% decrease from 2023, and a 369.4% increase since 2015.

How much cash does HEICO have?

In the past 9 years, HEICO's cash and equivalents has ranged from $33.60 million in 2015 to $406.85 million in 2020, and is currently $162.10 million as of their latest financial filing in 2024.

How has HEICO's book value per share changed over the last 9 years?

Over the last 9 years, HEICO's book value per share changed from 12.11 in 2015 to 26.24 in 2024, a change of 116.7%.

Remove Ads

Related Companies

This page (NYSE:HEI) was last updated on 4/14/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

HEICO (HEI) Financials

Frequently Asked Questions About HEICO's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

HEICO (HEI) Financials

Annual Income Statements for HEICO

Quarterly Income Statements for HEICO

Annual Cash Flow Statements for HEICO

Quarterly Cash Flow Statements for HEICO

Annual Balance Sheets for HEICO

Quarterly Balance Sheets for HEICO

Annual Metrics and Ratios for HEICO

Quarterly Metrics and Ratios for HEICO

Frequently Asked Questions About HEICO's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools