Heico (HEI.A) Financials

$248.36 +1.21 (+0.49%)

As of 12:40 PM 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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024
Net Income / (Loss) Attributable to Common Shareholders	121	133	156	186	259	328	314	304	352	404	514
Consolidated Net Income / (Loss)	139	154	176	208	286	360	336	330	391	444	559
Net Income / (Loss) Continuing Operations	139	154	176	208	286	360	336	330	391	444	559
Total Pre-Tax Income	199	225	257	298	356	438	365	387	491	555	678
Total Operating Income	203	230	265	307	376	457	377	393	497	625	824
Total Gross Profit	398	434	515	575	691	814	682	727	863	1,153	1,502
Total Revenue	1,132	1,189	1,376	1,525	1,778	2,056	1,787	1,866	2,208	2,968	3,858
Operating Revenue	1,132	1,189	1,376	1,525	1,778	2,056	1,787	1,866	2,208	2,968	3,858
Total Cost of Revenue	734	754	861	950	1,087	1,242	1,105	1,138	1,346	1,815	2,356
Operating Cost of Revenue	734	754	861	950	1,087	1,242	1,105	1,138	1,346	1,815	2,356
Total Operating Expenses	195	205	250	268	314	357	305	335	366	528	677
Selling, General & Admin Expense	195	205	250	268	314	357	305	335	366	528	677
Total Other Income / (Expense), net	-4.82	-4.69	-8.30	-8.70	-20	-19	-12	-5.84	-5.82	-70	-147
Interest Expense	5.44	4.63	8.27	9.79	20	22	13	7.29	6.39	73	149
Other Income / (Expense), net	0.63	-0.07	-0.02	1.09	-0.06	2.44	1.37	1.44	0.57	2.93	2.44
Income Tax Expense	60	71	81	90	71	78	29	57	100	111	119
Net Income / (Loss) Attributable to Noncontrolling Interest	17	20	20	22	26	32	22	26	39	41	45
Basic Earnings per Share	$1.82	$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	66.46M	83.43M	130.95M	131.70M	132.54M	133.64M	134.75M	135.33M	136.01M	137.19M	138.46M
Diluted Earnings per Share	$1.80	$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	67.45M	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	66.60M	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	$0.47	$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	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025
Net Income / (Loss) Attributable to Common Shareholders	97	93	105	102	103	115	123	137	140	168	157
Consolidated Net Income / (Loss)	110	103	115	113	114	125	135	148	151	182	171
Net Income / (Loss) Continuing Operations	110	103	115	113	114	125	135	148	151	182	171
Total Pre-Tax Income	143	124	146	138	147	142	171	180	184	195	216
Total Operating Income	146	129	157	149	189	180	209	216	219	227	248
Total Gross Profit	240	244	267	279	364	347	372	389	394	406	438
Total Revenue	610	621	688	723	936	896	955	992	1,014	1,030	1,098
Operating Revenue	610	621	688	723	936	896	955	992	1,014	1,030	1,098
Total Cost of Revenue	369	377	421	444	572	550	584	603	620	625	660
Operating Cost of Revenue	369	377	421	444	572	550	584	603	620	625	660
Total Operating Expenses	94	114	109	129	175	167	163	173	175	179	190
Selling, General & Admin Expense	94	114	109	129	175	167	163	173	175	179	190
Total Other Income / (Expense), net	-3.33	-5.43	-11	-11	-42	-38	-38	-36	-35	-32	-32
Interest Expense	3.21	6.07	11	12	43	39	39	37	35	32	33
Other Income / (Expense), net	-0.12	0.64	0.34	0.91	1.04	0.68	0.46	0.66	0.65	0.92	0.64
Income Tax Expense	33	21	31	25	34	17	36	33	33	14	45
Net Income / (Loss) Attributable to Noncontrolling Interest	13	9.98	9.94	11	10	11	12	11	11	14	14
Basic Earnings per Share	$0.71	$0.68	$0.77	$0.74	$0.75	$0.83	$0.89	$0.99	$1.00	$1.21	$1.13
Weighted Average Basic Shares Outstanding	136.01M	136.66M	136.92M	137.01M	137.19M	138.27M	138.39M	138.52M	138.46M	138.84M	139.01M
Diluted Earnings per Share	$0.70	$0.67	$0.76	$0.74	$0.74	$0.82	$0.88	$0.97	$1.00	$1.20	$1.12
Weighted Average Diluted Shares Outstanding	138.04M	138.58M	138.60M	138.67M	138.91M	139.89M	140.06M	140.31M	140.20M	140.48M	140.60M
Weighted Average Basic & Diluted Shares Outstanding	136.64M	136.89M	137.00M	138.19M	138.25M	138.36M	138.50M	138.60M	138.83M	138.95M	139.10M

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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024
Net Change in Cash & Equivalents	4.73	13	9.35	9.11	7.53	-2.60	350	-299	31	32	-8.95
Net Cash From Operating Activities	191	173	260	288	328	437	409	444	468	449	672
Net Cash From Continuing Operating Activities	191	173	260	288	328	437	409	444	468	449	672
Net Income / (Loss) Continuing Operations	139	154	176	208	286	360	336	330	391	444	559
Consolidated Net Income / (Loss)	139	154	176	208	286	360	336	330	391	444	559
Depreciation Expense	48	48	60	65	77	83	89	93	96	130	175
Non-Cash Adjustments To Reconcile Net Income	28	7.07	13	11	12	28	3.14	20	21	3.75	39
Changes in Operating Assets and Liabilities, net	-23	-36	9.82	5.16	-47	-34	-18	1.78	-40	-129	-101
Net Cash From Investing Activities	-25	-186	-308	-458	-114	-281	-199	-183	-396	-2,484	-293
Net Cash From Continuing Investing Activities	-25	-186	-308	-458	-114	-281	-199	-183	-396	-2,484	-293
Purchase of Property, Plant & Equipment	-16	-18	-31	-26	-42	-29	-23	-36	-32	-49	-58
Acquisitions	-8.74	-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	-0.04	-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	-160	27	57	176	-208	-160	138	-559	-34	2,065	-389
Net Cash From Continuing Financing Activities	-160	27	57	176	-208	-160	138	-559	-34	2,065	-389
Repayment of Debt	-160	-132	-170	-191	-208	-284	-68	-506	-213	-1,001	-379
Repurchase of Common Equity	-1.20	0.00	-3.60	-4.05	-25	-64	-20	-6.13	-26	-15	-30
Payment of Dividends	-110	-19	-30	-31	-28	-130	-39	-51	-58	-67	-90
Issuance of Debt	112	174	260	404	56	313	245	0.00	262	1,964	130
Issuance of Common Equity	0.71	3.67	5.92	5.66	4.03	0.00	21	0.53	0.00	1,189	0.00
Other Financing Activities, net	-1.39	1.01	-5.81	-7.38	-6.09	4.47	-1.49	4.06	1.42	-6.21	-21
Effect of Exchange Rate Changes	-0.66	-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	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025
Net Change in Cash & Equivalents	5.90	3.12	-15	567	-523	25	7.84	-1.22	-41	3.36	77
Net Cash From Operating Activities	144	77	78	146	148	112	141	214	206	203	205
Net Cash From Continuing Operating Activities	144	77	78	146	148	112	141	214	206	203	205
Net Income / (Loss) Continuing Operations	110	103	115	113	114	125	135	148	151	182	171
Consolidated Net Income / (Loss)	110	103	115	113	114	125	135	148	151	182	171
Depreciation Expense	26	27	30	30	44	44	43	44	45	46	49
Non-Cash Adjustments To Reconcile Net Income	3.27	-8.86	-9.93	7.52	15	6.98	50	19	-37	20	17
Changes in Operating Assets and Liabilities, net	4.70	-45	-57	-3.88	-24	-64	-87	2.36	48	-44	-32
Net Cash From Investing Activities	-172	-526	-34	-14	-1,910	-71	-14	-27	-181	-288	-52
Net Cash From Continuing Investing Activities	-172	-526	-34	-14	-1,910	-71	-14	-27	-181	-288	-52
Purchase of Property, Plant & Equipment	-7.63	-11	-11	-12	-15	-13	-13	-16	-16	-17	-16
Acquisitions	-172	-504	-20	-2.47	-1,895	-46	-	-9.00	-164	-255	-31
Purchase of Investments	-1.90	-12	-2.20	-	-4.89	-13	-1.70	-2.10	-3.40	-15	-3.10
Other Investing Activities, net	9.06	0.40	-0.04	0.33	4.96	1.16	0.50	0.09	2.52	-1.30	-1.30
Net Cash From Financing Activities	36	449	-60	435	1,241	-17	-118	-189	-65	91	-81
Net Cash From Continuing Financing Activities	36	449	-60	435	1,241	-17	-118	-189	-65	91	-81
Repayment of Debt	-55	-38	-70	-740	-152	-29	-109	-130	-110	-20	-75
Repurchase of Common Equity	-0.12	-18	2.73	-0.04	-	-2.81	0.46	-2.48	-25	-3.35	1.94
Payment of Dividends	-8.33	-25	-14	-21	-6.66	-23	-9.77	-47	-11	-26	-12
Issuance of Common Equity	-	-	-	1,184	-	2.25	-	-4.15	-	1.60	4.19
Other Financing Activities, net	-0.30	-1.33	-9.79	5.09	-0.18	-15	-4.16	-5.65	0.75	-7.02	-1.04

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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024
Total Assets	1,489	1,736	1,998	1,263	2,653	2,969	3,548	3,498	4,095	7,195	7,593
Total Current Assets	431	504	543	52	734	814	1,166	937	1,153	1,855	2,062
Cash & Equivalents	20	34	43	52	60	57	407	108	140	171	162
Accounts Receivable	150	182	202	-	237	274	210	245	295	509	538
Inventories, net	218	244	286	-	402	420	463	478	582	1,014	1,171
Prepaid Expenses	8.87	9.37	12	-	21	19	25	26	42	50	79
Other Current Assets	-	-	-	-	14	43	60	80	94	112	112
Plant, Property, & Equipment, net	94	106	122	130	155	173	169	194	226	322	339
Total Noncurrent Assets	964	1,127	1,334	1,081	1,765	1,982	2,213	2,367	2,717	5,018	5,191
Goodwill	686	767	866	1,081	1,115	1,269	1,383	1,450	1,672	3,274	3,380
Intangible Assets	201	273	367	-	506	551	579	582	733	1,357	1,335
Other Noncurrent Operating Assets	76	87	101	-	144	163	251	335	311	386	476
Total Liabilities & Shareholders' Equity	1,489	1,736	1,998	121	2,653	2,969	3,548	3,498	4,095	7,195	7,593
Total Liabilities	675	752	851	0.00	1,018	1,086	1,316	949	1,120	3,637	3,529
Total Current Liabilities	152	168	214	0.00	282	289	241	295	421	665	664
Short-Term Debt	0.42	0.36	0.41	-	0.86	0.91	1.05	1.52	1.65	18	4.11
Accounts Payable	57	65	73	-	107	106	76	86	117	206	198
Accrued Expenses	93	100	136	-	172	179	162	207	290	433	428
Current Deferred & Payable Income Tax Liabilities	2.07	3.19	4.62	-	2.84	3.05	1.65	0.96	12	8.55	34
Total Noncurrent Liabilities	522	583	637	0.00	736	797	1,075	654	699	2,972	2,865
Long-Term Debt	329	367	458	-	532	561	739	235	289	2,460	2,225
Noncurrent Deferred & Payable Income Tax Liabilities	111	111	65	-	47	51	56	41	71	132	114
Other Noncurrent Operating Liabilities	82	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	0.00
Redeemable Noncontrolling Interest	40	91	100	131	132	188	221	253	328	365	366
Total Equity & Noncontrolling Interests	775	893	1,048	-11	1,503	1,695	2,011	2,297	2,648	3,193	3,697
Total Preferred & Common Equity	699	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	699	809	963	-11	1,397	1,666	1,980	2,263	2,606	3,146	3,637
Common Stock	270	286	307	-	322	285	301	322	399	580	601
Retained Earnings	438	548	682	-	1,091	1,397	1,688	1,950	2,254	2,606	3,062
Accumulated Other Comprehensive Income / (Loss)	-8.29	-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	0.00
Noncontrolling Interest	75	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	Q2 2025
Period end date	7/31/2022	1/31/2023	4/30/2023	7/31/2023	1/31/2024	4/30/2024	7/31/2024	1/31/2025	4/30/2025
Total Assets	3,787	4,805	4,870	5,453	7,336	7,366	7,422	7,891	8,092
Total Current Assets	1,082	1,319	1,367	1,932	1,912	1,969	2,027	2,103	2,283
Cash & Equivalents	134	143	127	694	196	204	203	165	242
Accounts Receivable	273	326	361	355	472	504	526	523	591
Inventories, net	546	697	722	732	1,069	1,088	1,125	1,219	1,244
Prepaid Expenses	43	51	53	47	67	62	69	77	80
Other Current Assets	87	102	103	103	109	110	104	118	125
Plant, Property, & Equipment, net	203	274	274	285	328	327	330	349	359
Total Noncurrent Assets	2,503	3,211	3,230	3,236	5,096	5,070	5,065	5,439	5,450
Goodwill	1,541	1,994	2,031	2,026	3,290	3,285	3,292	3,491	3,530
Intangible Assets	639	874	844	823	1,366	1,333	1,300	1,447	1,434
Other Noncurrent Operating Assets	323	343	354	388	440	452	473	501	486
Total Liabilities & Shareholders' Equity	3,787	4,805	4,870	5,453	7,336	7,366	7,422	7,891	8,092
Total Liabilities	998	1,720	1,665	2,150	3,654	3,555	3,496	3,656	3,620
Total Current Liabilities	346	453	467	479	604	559	615	618	665
Short-Term Debt	1.73	1.62	19	17	4.74	4.38	4.21	3.95	3.79
Accounts Payable	108	135	148	140	195	195	207	208	230
Accrued Expenses	234	291	296	316	382	354	399	360	383
Current Deferred & Payable Income Tax Liabilities	2.46	26	4.10	7.15	23	6.03	3.55	47	48
Total Noncurrent Liabilities	652	1,267	1,198	1,671	3,049	2,996	2,882	3,038	2,956
Long-Term Debt	244	781	736	1,198	2,496	2,385	2,255	2,350	2,274
Noncurrent Deferred & Payable Income Tax Liabilities	48	113	94	83	128	120	117	109	100
Other Noncurrent Operating Liabilities	360	372	368	389	426	490	510	579	581
Commitments & Contingencies	0.00	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	436
Total Equity & Noncontrolling Interests	2,493	2,744	2,860	2,959	3,317	3,443	3,597	3,811	4,035
Total Preferred & Common Equity	2,452	2,699	2,818	2,914	3,266	3,389	3,540	3,747	3,968
Preferred Stock	0.00	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	3,968
Common Stock	319	390	400	408	587	600	615	620	639
Retained Earnings	2,171	2,329	2,435	2,523	2,705	2,825	2,954	3,180	3,329
Accumulated Other Comprehensive Income / (Loss)	-38	-19	-18	-17	-26	-36	-29	-54	-0.41
Other Equity Adjustments	0.00	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	68

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.25%	4.98%	15.78%	10.79%	16.59%	15.63%	-13.07%	4.40%	18.37%	34.41%	29.97%
EBITDA Growth	13.79%	10.22%	17.33%	14.43%	21.69%	19.77%	-14.08%	4.46%	21.83%	27.72%	32.17%
EBIT Growth	10.59%	12.54%	15.56%	15.99%	22.24%	22.16%	-17.74%	4.32%	26.14%	26.31%	31.62%
NOPAT Growth	12.35%	10.29%	15.99%	17.54%	41.16%	24.49%	-7.68%	-3.45%	18.08%	26.61%	35.93%
Net Income Growth	11.41%	10.66%	14.71%	17.89%	37.57%	25.92%	-6.64%	-1.82%	18.46%	13.76%	25.81%
EPS Growth	17.65%	10.66%	14.71%	17.89%	38.69%	25.79%	-4.18%	-3.49%	15.38%	14.12%	26.12%
Operating Cash Flow Growth	44.64%	-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	235.20%	-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	-1.84%	17.36%	18.50%	-22.48%	-80.74%	923.60%	7.41%	4.40%	16.77%	87.58%	4.53%
Revenue Q/Q Growth	0.43%	3.16%	2.58%	3.95%	3.23%	3.25%	-6.06%	4.67%	4.75%	12.37%	2.04%
EBITDA Q/Q Growth	-0.63%	6.16%	3.24%	4.50%	3.59%	3.64%	-5.96%	5.79%	5.83%	8.91%	3.06%
EBIT Q/Q Growth	-1.06%	6.87%	2.86%	4.70%	3.85%	3.83%	-7.60%	7.00%	6.67%	7.55%	3.61%
NOPAT Q/Q Growth	0.47%	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	0.23%	5.46%	3.22%	4.83%	5.54%	5.42%	-6.93%	8.48%	4.50%	0.77%	7.15%
EPS Q/Q Growth	0.56%	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	14.34%	-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	281.67%	-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	-2.20%	10.88%	-1.29%	-29.12%	-89.00%	-0.58%	2.54%	4.52%	7.77%	53.37%	2.48%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.18%	36.53%	37.46%	37.69%	38.85%	39.59%	38.17%	38.99%	39.07%	38.86%	38.93%
EBITDA Margin	22.24%	23.35%	23.66%	24.43%	25.50%	26.42%	26.11%	26.12%	26.89%	25.55%	25.98%
Operating Margin	17.96%	19.32%	19.28%	20.11%	21.16%	22.24%	21.08%	21.06%	22.50%	21.07%	21.37%
EBIT Margin	18.02%	19.32%	19.28%	20.18%	21.16%	22.35%	21.15%	21.14%	22.52%	21.17%	21.44%
Profit (Net Income) Margin	12.26%	12.92%	12.80%	13.62%	16.07%	17.50%	18.79%	17.67%	17.69%	14.97%	14.49%
Tax Burden Percent	69.89%	68.26%	68.53%	69.69%	80.18%	82.16%	92.05%	85.20%	79.55%	80.03%	82.51%
Interest Burden Percent	97.33%	97.99%	96.88%	96.82%	94.71%	95.28%	96.52%	98.15%	98.72%	88.38%	81.94%
Effective Tax Rate	30.12%	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)	12.53%	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)	11.53%	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)	4.84%	4.23%	3.90%	17.35%	-2.72%	-6.35%	2.32%	1.02%	0.52%	2.47%	3.33%
Return on Equity (ROE)	17.38%	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)	14.39%	-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)	13.50%	14.24%	14.21%	18.87%	43.99%	26.90%	11.60%	11.19%	13.10%	11.13%	11.18%
Return on Assets (ROA)	9.18%	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)	14.20%	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)	19.84%	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)	142	157	182	214	302	376	347	335	395	500	680
NOPAT Margin	12.55%	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%	1.00%	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	64.82%	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%	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%	0.00%
Operating Expenses to Revenue	17.21%	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)	204	230	265	308	376	460	378	394	497	628	827
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	252	277	326	373	453	543	467	487	594	758	1,002
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.05	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	0.00	10.01	0.00	785.09	81.62	110.61	0.00	0.00
Price to Revenue (P/Rev)	3.12	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)	29.08	24.92	28.76	40.80	42.64	50.15	44.93	61.81	63.03	54.18	66.04
Dividend Yield	0.77%	0.90%	0.24%	0.17%	0.13%	0.16%	0.15%	0.12%	0.11%	0.13%	0.09%
Earnings Yield	3.44%	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)	3.52	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)	3.49	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)	15.69	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)	19.37	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)	27.80	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)	20.72	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)	24.22	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	0.40	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	0.40	0.37	0.40	0.00	0.00	0.30	0.33	0.09	0.10	0.69	0.55
Financial Leverage	0.42	0.36	0.35	1.19	-0.01	-0.19	0.20	0.10	0.05	0.38	0.57
Leverage Ratio	1.89	1.79	1.75	2.57	1.17	1.06	1.58	1.47	1.37	1.73	1.94
Compound Leverage Factor	1.84	1.76	1.70	2.49	1.11	1.01	1.53	1.45	1.36	1.53	1.59
Debt to Total Capital	28.78%	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	0.04%	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	28.74%	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%	0.00%
Noncontrolling Interests to Total Capital	10.06%	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	61.13%	59.86%	59.98%	-8.76%	82.28%	68.13%	66.64%	81.23%	79.79%	52.12%	57.79%
Debt to EBITDA	1.31	1.32	1.41	0.00	0.00	1.03	1.59	0.49	0.49	3.27	2.22
Net Debt to EBITDA	1.23	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	1.31	1.32	1.41	0.00	0.00	1.03	1.58	0.48	0.49	3.24	2.22
Debt to NOPAT	2.32	2.34	2.52	0.00	0.00	1.50	2.13	0.71	0.73	4.95	3.28
Net Debt to NOPAT	2.17	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	2.31	2.34	2.52	0.00	0.00	1.49	2.13	0.70	0.73	4.92	3.27
Altman Z-Score	4.99	4.45	4.97	0.00	41.99	11.16	8.27	13.80	13.80	5.01	7.42
Noncontrolling Interest Sharing Ratio	18.30%	16.15%	16.86%	24.88%	25.23%	14.11%	11.39%	11.25%	11.88%	11.96%	11.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.83	2.99	2.53	0.00	2.74	2.81	4.83	3.18	2.74	2.79	3.11
Quick Ratio	1.12	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)	163	-38	-62	565	1,280	-1,779	170	222	-54	-2,238	414
Operating Cash Flow to CapEx	1,162.03%	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	29.98	-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	35.05	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	32.03	33.42	27.67	26.79	14.40	18.83	29.35	55.99	68.25	5.47	4.11
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.75	0.74	0.74	0.94	2.08	1.20	0.55	0.53	0.58	0.53	0.52
Accounts Receivable Turnover	7.38	7.18	7.17	0.00	0.00	0.00	7.37	8.19	8.18	7.38	7.37
Inventory Turnover	3.36	3.27	3.25	0.00	0.00	3.13	2.50	2.42	2.54	2.27	2.16
Fixed Asset Turnover	11.82	11.91	12.11	12.13	0.00	0.00	10.44	10.29	10.53	10.84	11.67
Accounts Payable Turnover	13.11	12.38	12.47	0.00	0.00	0.00	12.11	14.07	13.32	11.26	11.65
Days Sales Outstanding (DSO)	49.43	50.86	50.90	0.00	0.00	0.00	49.51	44.54	44.61	49.43	49.56
Days Inventory Outstanding (DIO)	108.64	111.65	112.33	0.00	0.00	116.46	145.94	150.91	143.84	160.53	169.23
Days Payable Outstanding (DPO)	27.85	29.47	29.26	0.00	0.00	0.00	30.14	25.94	27.41	32.43	31.32
Cash Conversion Cycle (CCC)	130.22	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	1,123	1,319	1,562	1,211	233	2,388	2,565	2,678	3,127	5,865	6,131
Invested Capital Turnover	1.00	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	-21	195	244	-351	-978	2,155	177	113	449	2,738	266
Enterprise Value (EV)	3,951	3,832	5,091	7,667	11,293	17,164	14,692	19,218	22,685	24,586	36,444
Market Capitalization	3,527	3,323	4,491	7,588	11,055	16,443	14,107	18,804	22,165	21,867	33,950
Book Value per Share	$10.51	$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	($2.83)	($3.44)	($4.01)	($12.93)	$8.31	($1.15)	$0.13	$1.70	$1.47	($10.75)	($7.78)
Total Capital	1,144	1,352	1,605	121	1,343	2,445	2,972	2,786	3,266	6,036	6,293
Total Debt	329	368	458	0.00	0.00	562	740	236	290	2,478	2,229
Total Long-Term Debt	329	367	458	0.00	0.00	561	739	235	289	2,460	2,225
Net Debt	309	334	415	-52	0.00	505	333	128	151	2,307	2,067
Capital Expenditures (CapEx)	16	18	31	26	42	29	23	36	32	49	58
Debt-free, Cash-free Net Working Capital (DFCFNWC)	259	302	286	0.00	284	468	519	536	594	1,037	1,240
Debt-free Net Working Capital (DFNWC)	279	336	329	52	284	525	926	644	734	1,208	1,403
Net Working Capital (NWC)	279	335	329	52	284	525	924	643	732	1,190	1,398
Net Nonoperating Expense (NNE)	3.37	3.20	5.68	6.06	16	16	11	4.98	4.63	56	121
Net Nonoperating Obligations (NNO)	309	334	415	1,091	-1,109	505	333	128	151	2,307	2,067
Total Depreciation and Amortization (D&A)	48	48	60	65	77	83	89	93	96	130	175
Debt-free, Cash-free Net Working Capital to Revenue	22.90%	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	24.68%	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	24.65%	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	$0.93	$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	129.81M	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	$0.92	$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	131.74M	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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	129.98M	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)	142	157	182	214	302	376	347	335	395	500	680
Normalized NOPAT Margin	12.55%	13.19%	13.21%	14.02%	16.97%	18.27%	19.40%	17.94%	17.90%	16.86%	17.63%
Pre Tax Income Margin	17.54%	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	37.50	49.63	32.07	31.44	18.90	21.18	28.73	54.13	77.89	8.61	5.54
NOPAT to Interest Expense	26.12	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	34.48	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	23.11	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	79.57%	12.40%	16.88%	15.03%	9.95%	36.01%	11.75%	15.46%	14.92%	15.01%	16.09%
Augmented Payout Ratio	80.44%	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	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	19.67%	26.63%	27.66%	26.93%	53.61%	44.36%	38.90%	37.26%	8.25%	14.93%	14.91%
EBITDA Growth	23.43%	28.51%	27.69%	17.74%	36.03%	42.81%	34.88%	45.39%	12.71%	22.08%	17.91%
EBIT Growth	26.96%	31.32%	27.90%	16.59%	30.13%	39.07%	33.14%	44.47%	15.12%	25.89%	18.69%
NOPAT Growth	19.94%	13.41%	32.18%	29.68%	29.77%	47.82%	33.26%	45.55%	22.64%	32.69%	18.84%
Net Income Growth	18.01%	9.29%	23.57%	21.13%	3.08%	21.82%	17.24%	31.10%	32.86%	44.69%	26.41%
EPS Growth	11.11%	6.35%	22.58%	23.33%	5.71%	22.39%	15.79%	31.08%	35.14%	46.34%	27.27%
Operating Cash Flow Growth	30.88%	-1.66%	-19.66%	-2.17%	3.08%	45.60%	81.53%	46.62%	38.58%	81.85%	45.03%
Free Cash Flow Firm Growth	-1,674.77%	-1,901.13%	-324.15%	-226.56%	-670.93%	-132.52%	-139.01%	-147.28%	96.67%	89.28%	84.24%
Invested Capital Growth	16.77%	37.31%	33.42%	31.81%	87.58%	60.73%	56.45%	56.44%	4.53%	7.29%	8.52%
Revenue Q/Q Growth	7.04%	1.85%	10.78%	5.10%	29.54%	-4.28%	6.59%	3.86%	2.16%	1.63%	6.56%
EBITDA Q/Q Growth	12.75%	-8.74%	19.11%	-3.93%	30.26%	-4.19%	12.50%	3.55%	0.98%	3.78%	8.66%
EBIT Q/Q Growth	13.57%	-11.14%	21.03%	-4.55%	26.76%	-5.04%	15.88%	3.57%	1.01%	3.85%	9.25%
NOPAT Q/Q Growth	19.92%	-4.63%	15.10%	-1.49%	20.01%	8.64%	3.76%	7.60%	1.11%	17.55%	-7.07%
Net Income Q/Q Growth	18.36%	-6.51%	11.70%	-2.01%	0.72%	10.49%	7.51%	9.57%	2.08%	20.33%	-6.08%
EPS Q/Q Growth	16.67%	-4.29%	13.43%	-2.63%	0.00%	10.81%	7.32%	10.23%	3.09%	20.00%	-6.67%
Operating Cash Flow Q/Q Growth	-3.49%	-46.73%	1.39%	87.68%	1.68%	-24.75%	26.41%	51.59%	-3.89%	-1.26%	0.82%
Free Cash Flow Firm Q/Q Growth	-37.07%	-169.01%	7.54%	4.21%	-223.58%	18.86%	4.96%	0.90%	95.64%	-160.81%	-39.72%
Invested Capital Q/Q Growth	7.77%	19.12%	2.91%	-0.23%	53.37%	2.07%	0.17%	-0.24%	2.48%	4.77%	1.32%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.43%	39.26%	38.75%	38.56%	38.92%	38.69%	38.92%	39.23%	38.86%	39.38%	39.88%
EBITDA Margin	28.24%	25.31%	27.21%	24.87%	25.01%	25.03%	26.42%	26.35%	26.04%	26.59%	27.11%
Operating Margin	24.03%	20.85%	22.84%	20.66%	20.23%	20.10%	21.89%	21.81%	21.57%	22.02%	22.60%
EBIT Margin	24.01%	20.95%	22.89%	20.79%	20.34%	20.18%	21.94%	21.88%	21.63%	22.10%	22.66%
Profit (Net Income) Margin	18.07%	16.59%	16.73%	15.60%	12.13%	14.00%	14.12%	14.90%	14.89%	17.62%	15.53%
Tax Burden Percent	76.95%	83.07%	78.78%	81.61%	77.22%	88.19%	78.84%	81.98%	82.05%	92.98%	78.97%
Interest Burden Percent	97.81%	95.33%	92.78%	91.93%	77.20%	78.66%	81.63%	83.06%	83.85%	85.75%	86.79%
Effective Tax Rate	23.05%	16.93%	21.22%	18.39%	22.78%	11.81%	21.16%	18.02%	17.95%	7.02%	21.03%
Return on Invested Capital (ROIC)	14.07%	12.58%	13.35%	13.25%	10.31%	11.84%	12.33%	13.79%	11.38%	13.17%	11.80%
ROIC Less NNEP Spread (ROIC-NNEP)	12.24%	11.38%	11.11%	10.35%	7.65%	9.57%	10.20%	11.49%	10.08%	11.86%	10.60%
Return on Net Nonoperating Assets (RNNOA)	0.62%	1.51%	1.45%	1.07%	2.88%	4.16%	4.09%	4.10%	5.78%	6.73%	5.40%
Return on Equity (ROE)	14.69%	14.09%	14.80%	14.32%	13.19%	16.01%	16.42%	17.88%	17.17%	19.90%	17.20%
Cash Return on Invested Capital (CROIC)	-1.85%	-18.78%	-15.58%	-13.60%	-49.78%	-35.25%	-31.98%	-30.81%	6.91%	4.79%	4.04%
Operating Return on Assets (OROA)	13.96%	11.78%	13.31%	11.88%	10.69%	10.78%	12.59%	12.85%	11.29%	11.59%	12.12%
Return on Assets (ROA)	10.51%	9.33%	9.73%	8.92%	6.38%	7.48%	8.10%	8.75%	7.77%	9.24%	8.31%
Return on Common Equity (ROCE)	12.94%	12.40%	12.98%	12.61%	11.61%	14.11%	14.52%	15.97%	15.28%	17.63%	15.28%
Return on Equity Simple (ROE_SIMPLE)	0.00%	14.80%	14.95%	15.13%	0.00%	14.29%	14.36%	14.74%	0.00%	16.42%	16.40%
Net Operating Profit after Tax (NOPAT)	113	108	124	122	146	159	165	177	179	211	196
NOPAT Margin	18.49%	17.32%	17.99%	16.86%	15.62%	17.73%	17.26%	17.88%	17.70%	20.47%	17.85%
Net Nonoperating Expense Percent (NNEP)	1.83%	1.20%	2.24%	2.90%	2.66%	2.27%	2.13%	2.30%	1.30%	1.31%	1.21%
Return On Investment Capital (ROIC_SIMPLE)	3.84%	-	-	-	2.58%	2.73%	-	-	3.03%	3.42%	3.10%
Cost of Revenue to Revenue	60.57%	60.74%	61.25%	61.44%	61.08%	61.31%	61.08%	60.77%	61.14%	60.62%	60.12%
SG&A Expenses to Revenue	15.40%	18.42%	15.91%	17.90%	18.69%	18.58%	17.02%	17.42%	17.29%	17.36%	17.28%
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	15.40%	18.42%	15.91%	17.90%	18.69%	18.58%	17.02%	17.42%	17.29%	17.36%	17.28%
Earnings before Interest and Taxes (EBIT)	146	130	157	150	190	181	210	217	219	228	249
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	172	157	187	180	234	224	252	261	264	274	298
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.50	8.64	8.18	8.26	6.95	7.59	8.46	9.44	9.33	8.84	8.78
Price to Tangible Book Value (P/TBV)	110.61	0.00	0.00	367.46	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	10.04	9.97	9.26	9.12	7.37	7.64	8.17	8.84	8.80	8.30	8.43
Price to Earnings (P/E)	63.03	65.16	60.99	60.61	54.18	58.30	64.70	69.95	66.04	58.37	57.97
Dividend Yield	0.11%	0.11%	0.11%	0.11%	0.13%	0.11%	0.10%	0.09%	0.09%	0.09%	0.09%
Earnings Yield	1.59%	1.53%	1.64%	1.65%	1.85%	1.72%	1.55%	1.43%	1.51%	1.71%	1.72%
Enterprise Value to Invested Capital (EV/IC)	7.26	6.53	6.28	6.54	4.19	4.60	5.22	6.00	5.94	5.57	5.74
Enterprise Value to Revenue (EV/Rev)	10.27	10.41	9.67	9.46	8.28	8.48	8.91	9.49	9.45	8.97	9.04
Enterprise Value to EBITDA (EV/EBITDA)	38.21	38.72	35.96	35.90	32.42	33.33	35.12	36.88	36.36	34.03	34.08
Enterprise Value to EBIT (EV/EBIT)	45.61	46.06	42.76	42.79	39.13	40.52	42.79	44.94	44.07	40.97	40.95
Enterprise Value to NOPAT (EV/NOPAT)	57.39	59.71	54.97	53.66	49.13	49.99	52.85	55.39	53.57	48.80	48.94
Enterprise Value to Operating Cash Flow (EV/OCF)	48.49	52.16	53.77	56.26	54.79	56.88	57.19	58.31	54.20	46.86	45.19
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	87.94	120.46	147.84
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.10	0.25	0.24	0.37	0.70	0.68	0.63	0.58	0.55	0.56	0.51
Long-Term Debt to Equity	0.10	0.25	0.23	0.36	0.69	0.68	0.63	0.57	0.55	0.55	0.51
Financial Leverage	0.05	0.13	0.13	0.10	0.38	0.44	0.40	0.36	0.57	0.57	0.51
Leverage Ratio	1.37	1.46	1.44	1.52	1.73	1.79	1.74	1.78	1.94	1.92	1.87
Compound Leverage Factor	1.34	1.40	1.34	1.39	1.33	1.41	1.42	1.48	1.63	1.65	1.62
Debt to Total Capital	8.89%	20.24%	19.06%	26.90%	41.05%	40.44%	38.54%	36.52%	35.43%	35.72%	33.75%
Short-Term Debt to Total Capital	0.05%	0.04%	0.48%	0.37%	0.29%	0.08%	0.07%	0.07%	0.07%	0.06%	0.06%
Long-Term Debt to Total Capital	8.84%	20.20%	18.58%	26.52%	40.76%	40.36%	38.47%	36.46%	35.36%	35.66%	33.69%
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	11.32%	9.96%	9.79%	8.60%	6.83%	6.73%	6.80%	6.24%	6.78%	7.41%	7.47%
Common Equity to Total Capital	79.79%	69.79%	71.16%	64.50%	52.12%	52.83%	54.66%	57.23%	57.79%	56.87%	58.78%
Debt to EBITDA	0.49	1.25	1.13	1.75	3.27	3.03	2.68	2.32	2.22	2.24	2.08
Net Debt to EBITDA	0.25	1.02	0.94	0.75	3.04	2.79	2.45	2.11	2.06	2.08	1.86
Long-Term Debt to EBITDA	0.49	1.24	1.10	1.72	3.24	3.02	2.68	2.32	2.22	2.23	2.07
Debt to NOPAT	0.73	1.92	1.72	2.61	4.95	4.54	4.04	3.49	3.28	3.21	2.98
Net Debt to NOPAT	0.38	1.57	1.43	1.12	4.61	4.19	3.69	3.18	3.04	2.98	2.67
Long-Term Debt to NOPAT	0.73	1.92	1.68	2.57	4.92	4.53	4.03	3.48	3.27	3.20	2.98
Altman Z-Score	13.52	9.60	9.85	8.26	4.81	5.33	6.18	7.13	7.16	6.83	7.20
Noncontrolling Interest Sharing Ratio	11.88%	11.96%	12.31%	11.93%	11.96%	11.84%	11.53%	10.72%	11.00%	11.42%	11.18%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.74	2.91	2.93	4.03	2.79	3.17	3.52	3.30	3.11	3.40	3.43
Quick Ratio	1.03	1.03	1.05	2.19	1.02	1.11	1.27	1.19	1.06	1.11	1.25
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-336	-904	-836	-801	-2,592	-2,103	-1,999	-1,981	-86	-225	-315
Operating Cash Flow to CapEx	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%	1,282.23%
Free Cash Flow to Firm to Interest Expense	-104.90	-149.05	-73.53	-66.09	-59.69	-54.47	-51.90	-53.84	-2.44	-6.95	-9.58
Operating Cash Flow to Interest Expense	44.91	12.64	6.84	12.04	3.42	2.89	3.66	5.82	5.81	6.26	6.23
Operating Cash Flow Less CapEx to Interest Expense	42.53	10.85	5.86	11.03	3.07	2.55	3.33	5.39	5.35	5.72	5.74
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.58	0.56	0.58	0.57	0.53	0.53	0.57	0.59	0.52	0.52	0.53
Accounts Receivable Turnover	8.18	8.45	7.89	8.40	7.38	8.13	8.11	8.58	7.37	8.02	7.55
Inventory Turnover	2.54	2.37	2.44	2.52	2.27	2.25	2.38	2.49	2.16	2.13	2.15
Fixed Asset Turnover	10.53	9.97	10.65	10.83	10.84	10.77	11.69	12.29	11.67	11.80	12.05
Accounts Payable Turnover	13.32	12.71	12.39	13.00	11.26	12.05	12.55	13.30	11.65	12.06	11.79
Days Sales Outstanding (DSO)	44.61	43.20	46.28	43.44	49.43	44.87	44.98	42.54	49.56	45.49	48.37
Days Inventory Outstanding (DIO)	143.84	154.08	149.37	144.69	160.53	162.22	153.66	146.81	169.23	171.73	169.78
Days Payable Outstanding (DPO)	27.41	28.72	29.46	28.07	32.43	30.28	29.09	27.43	31.32	30.26	30.95
Cash Conversion Cycle (CCC)	161.04	168.56	166.19	160.05	177.53	176.80	169.55	161.91	187.47	186.96	187.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,127	3,725	3,833	3,824	5,865	5,987	5,997	5,982	6,131	6,423	6,508
Invested Capital Turnover	0.76	0.73	0.74	0.79	0.66	0.67	0.71	0.77	0.64	0.64	0.66
Increase / (Decrease) in Invested Capital	449	1,012	960	923	2,738	2,262	2,164	2,158	266	436	511
Enterprise Value (EV)	22,685	24,338	24,063	24,994	24,586	27,514	31,290	35,867	36,444	35,793	37,382
Market Capitalization	22,165	23,312	23,048	24,085	21,867	24,793	28,683	33,425	33,950	33,117	34,842
Book Value per Share	$19.08	$19.75	$20.58	$21.27	$22.77	$23.62	$24.50	$25.56	$26.24	$26.99	$28.55
Tangible Book Value per Share	$1.47	($1.24)	($0.42)	$0.48	($10.75)	($10.05)	($8.89)	($7.59)	($7.78)	($8.58)	($7.17)
Total Capital	3,266	3,867	3,960	4,518	6,036	6,183	6,201	6,185	6,293	6,588	6,750
Total Debt	290	783	755	1,215	2,478	2,500	2,390	2,259	2,229	2,354	2,278
Total Long-Term Debt	289	781	736	1,198	2,460	2,496	2,385	2,255	2,225	2,350	2,274
Net Debt	151	640	627	521	2,307	2,304	2,185	2,056	2,067	2,188	2,036
Capital Expenditures (CapEx)	7.63	11	11	12	15	13	13	16	16	17	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	594	724	792	775	1,037	1,117	1,210	1,213	1,240	1,323	1,380
Debt-free Net Working Capital (DFNWC)	734	867	919	1,470	1,208	1,313	1,414	1,416	1,403	1,488	1,622
Net Working Capital (NWC)	732	865	900	1,453	1,190	1,308	1,410	1,412	1,398	1,484	1,618
Net Nonoperating Expense (NNE)	2.56	4.51	8.69	9.15	33	33	30	30	29	29	25
Net Nonoperating Obligations (NNO)	151	640	627	521	2,307	2,304	2,185	2,056	2,067	2,188	2,036
Total Depreciation and Amortization (D&A)	26	27	30	30	44	44	43	44	45	46	49
Debt-free, Cash-free Net Working Capital to Revenue	26.90%	30.97%	31.81%	29.36%	34.93%	34.43%	34.46%	32.10%	32.16%	33.14%	33.38%
Debt-free Net Working Capital to Revenue	33.22%	37.07%	36.93%	55.64%	40.69%	40.48%	40.27%	37.47%	36.36%	37.29%	39.24%
Net Working Capital to Revenue	33.14%	37.00%	36.17%	55.01%	40.09%	40.33%	40.15%	37.36%	36.25%	37.19%	39.15%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.71	$0.68	$0.77	$0.74	$0.75	$0.83	$0.89	$0.99	$1.00	$1.21	$1.13
Adjusted Weighted Average Basic Shares Outstanding	136.01M	136.66M	136.92M	137.01M	137.19M	138.27M	138.39M	138.52M	138.46M	138.84M	139.01M
Adjusted Diluted Earnings per Share	$0.70	$0.67	$0.76	$0.74	$0.74	$0.82	$0.88	$0.97	$1.00	$1.20	$1.12
Adjusted Weighted Average Diluted Shares Outstanding	138.04M	138.58M	138.60M	138.67M	138.91M	139.89M	140.06M	140.31M	140.20M	140.48M	140.60M
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	136.64M	136.89M	137.00M	138.19M	138.25M	138.36M	138.50M	138.60M	138.83M	138.95M	139.10M
Normalized Net Operating Profit after Tax (NOPAT)	113	108	124	122	146	159	165	177	179	211	196
Normalized NOPAT Margin	18.49%	17.32%	17.99%	16.86%	15.62%	17.73%	17.26%	17.88%	17.70%	20.47%	17.85%
Pre Tax Income Margin	23.48%	19.97%	21.23%	19.11%	15.70%	15.87%	17.91%	18.17%	18.14%	18.95%	19.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	45.67	21.44	13.84	12.40	4.39	4.69	5.44	5.90	6.19	7.02	7.57
NOPAT to Interest Expense	35.17	17.72	10.88	10.06	3.37	4.12	4.28	4.82	5.07	6.50	5.96
EBIT Less CapEx to Interest Expense	43.29	19.65	12.87	11.39	4.04	4.34	5.11	5.47	5.74	6.48	7.08
NOPAT Less CapEx to Interest Expense	32.79	15.93	9.91	9.05	3.02	3.77	3.95	4.39	4.61	5.96	5.48
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	14.92%	14.08%	15.62%	13.52%	15.01%	13.78%	11.77%	15.88%	16.09%	15.10%	14.54%
Augmented Payout Ratio	21.57%	21.24%	21.74%	18.90%	18.35%	13.81%	12.82%	17.33%	21.44%	20.05%	18.99%

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 10 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 $138.77 million in 2014. The previous period was $444.38 million in 2023. View Heico's forecast to see where analysts expect Heico to go next.

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's revenue changed over the last 10 years?

Over the last 10 years, Heico's total revenue changed from $1.13 billion in 2014 to $3.86 billion in 2024, a change of 240.7%.

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 423.1% increase since 2014.

How much cash does Heico have?

In the past 10 years, Heico's cash and equivalents has ranged from $20.23 million in 2014 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 10 years?

Over the last 10 years, Heico's book value per share changed from 10.51 in 2014 to 26.24 in 2024, a change of 149.7%.

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This page (NYSE:HEI.A) was last updated on 8/8/2025 by MarketBeat.com Staff

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Heico (HEI.A) Financials

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Heico (HEI.A) Financials

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