Heico is an aerospace and defense supplier that focuses on creating replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts.
It is a $41.7B industrial company. Revenue grew 20.7% over the last year, it keeps 16¢ of every dollar of sales as profit, and its net debt equals ~1.9 years of free cash flow. It trades at 41.7× earnings.
- Website
- heico.com
- Location
- Hollywood, FL
- Employees
- 11 100
- Sector
- Industrials
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong health, quality and moat; Valuation lags behind.
Valuation47
- P/E vs own history8th pct · 25/25
- FCF yield2.5% · 5/25
- P/S6.8x · 12/25
- EV/EBITDA25.7x · 5/25
Growth70
- Revenue CAGR24.5% · 25/25
- Net income CAGR22.7% · 25/25
- EPS CAGR ~5Y16.5% · 20/25
- Fwd implied growth-4.2% · 0/25
Profitability72
- ROIC12.7% · 12/25
- ROE18.3% · 20/25
- Net margin16.4% · 20/25
- Operating margin24.0% · 20/25
Health80
- Altman Z7.35 · 25/25
- Current ratio2.72 · 25/25
- Interest coverage7.9x · 18/25
- Net cash / debtD/A 23% · 12/25
Quality92
- Piotroski F7/9 · 22/25
- Beneish M-2.46 · 20/25
- FCF conversion122% · 25/25
- Margin stabilityσ 1.5% · 25/25
Moat83
- ROIC >12% years8/10 yrs · 20/25
- Median gross margin38.9% · 13/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 11.3% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$690M net income
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$1.38B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (40.4%)
- Revenue growing 20.7% year over year
- Strong cash conversion — FCF is 19.9% of revenue
- Interest covered 7.9× by operating earnings
- Piotroski F-Score 7/9 — fundamentally strong checklist
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+20.7% YoY
- Profitable — makes more than it spends$848M TTM
- Profit growing — earnings are higher than last year+24.4% YoY
- Generates cash — cash left after running and investing$1.03B TTM
- Debt under control — could handle its obligations~1.9y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$41.7B market cap
- Not printing shares — share count not ballooning — you keep your slice+2.5% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 7.3 — safe
- Pays a dividend — returns cash to shareholdersyield 0.10%
- Valuation not extreme — price not wildly above earningsP/E 41.7
Peer comparisonHEICO Corporation vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| HEI this company | $41.7B | 41.7 | +20.7% | 16.4% | Strong |
| LRCX Lam Research Corp | $399.2B | 54.9 | +26.0% | 31.3% | Strong |
| CAT Caterpillar Inc. | $368.0B | 33.9 | +18.4% | 14.5% | Solid |
| RTX RTX Corporation | $251.3B | 32.4 | +11.8% | 8.3% | Strained |
| DE Deere & Company | $167.7B | 34.4 | +8.3% | 10.2% | Solid |
| ETN Eaton Corporation, plc | $167.2B | 43.6 | +15.5% | 12.8% | Mixed |
| UNP Union Pacific Corp. | $166.8B | 22.6 | +4.2% | 28.8% | Strained |
Head-to-head: HEI vs LRCX · HEI vs CAT · HEI vs RTX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/HEI
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of HEI on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $298.28 · market cap $41.7B.