HEICO (HEI.A) Financials

$220.55 +2.60 (+1.19%)

Closing price 05/16/2025 03:59 PM Eastern

Extended Trading

$220.70 +0.15 (+0.07%)

As of 05/16/2025 07:18 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	10/31/2024	10/31/2023	10/31/2022	10/31/2021	10/31/2020	10/31/2019	10/31/2018	10/31/2017	10/31/2016	10/31/2015
Net Income / (Loss) Attributable to Common Shareholders	514	404	352	304	314	328	259	186	156	133
Consolidated Net Income / (Loss)	559	444	391	330	336	360	286	208	176	154
Net Income / (Loss) Continuing Operations	559	444	391	330	336	360	286	208	176	154
Total Pre-Tax Income	678	555	491	387	365	438	356	298	257	225
Total Operating Income	824	625	497	393	377	457	376	307	265	230
Total Gross Profit	1,502	1,153	863	727	682	814	691	575	515	434
Total Revenue	3,858	2,968	2,208	1,866	1,787	2,056	1,778	1,525	1,376	1,189
Operating Revenue	3,858	2,968	2,208	1,866	1,787	2,056	1,778	1,525	1,376	1,189
Total Cost of Revenue	2,356	1,815	1,346	1,138	1,105	1,242	1,087	950	861	754
Operating Cost of Revenue	2,356	1,815	1,346	1,138	1,105	1,242	1,087	950	861	754
Total Operating Expenses	677	528	366	335	305	357	314	268	250	205
Selling, General & Admin Expense	677	528	366	335	305	357	314	268	250	205
Total Other Income / (Expense), net	-147	-70	-5.82	-5.84	-12	-19	-20	-8.70	-8.30	-4.69
Interest Expense	149	73	6.39	7.29	13	22	20	9.79	8.27	4.63
Other Income / (Expense), net	2.44	2.93	0.57	1.44	1.37	2.44	-0.06	1.09	-0.02	-0.07
Income Tax Expense	119	111	100	57	29	78	71	90	81	71
Net Income / (Loss) Attributable to Noncontrolling Interest	45	41	39	26	22	32	26	22	20	20
Basic Earnings per Share	$3.71	$2.94	$2.59	$2.25	$2.33	$2.45	$1.96	$1.41	$1.19	$1.60
Weighted Average Basic Shares Outstanding	138.46M	137.19M	136.01M	135.33M	134.75M	133.64M	132.54M	131.70M	130.95M	83.43M
Diluted Earnings per Share	$3.67	$2.91	$2.55	$2.21	$2.29	$2.39	$1.90	$1.37	$1.17	$1.57
Weighted Average Diluted Shares Outstanding	140.20M	138.91M	138.04M	137.85M	137.30M	137.35M	136.70M	135.59M	133.15M	84.76M
Weighted Average Basic & Diluted Shares Outstanding	138.83M	138.25M	136.64M	135.51M	135.22M	134.50M	132.30M	131.90M	84M	66.70M
Cash Dividends to Common per Share	$0.21	$0.20	$0.18	$0.17	$0.16	$0.14	$0.12	$0.10	$0.16	$0.14

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Net Income / (Loss) Attributable to Common Shareholders	168	140	137	123	115	103	102	105	93	97	83
Consolidated Net Income / (Loss)	182	151	148	135	125	114	113	115	103	110	93
Net Income / (Loss) Continuing Operations	182	151	148	135	125	114	113	115	103	110	93
Total Pre-Tax Income	195	184	180	171	142	147	138	146	124	143	127
Total Operating Income	227	219	216	209	180	189	149	157	129	146	129
Total Gross Profit	406	394	389	372	347	364	279	267	244	240	221
Total Revenue	1,030	1,014	992	955	896	936	723	688	621	610	570
Operating Revenue	1,030	1,014	992	955	896	936	723	688	621	610	570
Total Cost of Revenue	625	620	603	584	550	572	444	421	377	369	349
Operating Cost of Revenue	625	620	603	584	550	572	444	421	377	369	349
Total Operating Expenses	179	175	173	163	167	175	129	109	114	94	92
Selling, General & Admin Expense	179	175	173	163	167	175	129	109	114	94	92
Total Other Income / (Expense), net	-32	-35	-36	-38	-38	-42	-11	-11	-5.43	-3.33	-1.26
Interest Expense	32	35	37	39	39	43	12	11	6.07	3.21	1.41
Other Income / (Expense), net	0.92	0.65	0.66	0.46	0.68	1.04	0.91	0.34	0.64	-0.12	0.15
Income Tax Expense	14	33	33	36	17	34	25	31	21	33	34
Net Income / (Loss) Attributable to Noncontrolling Interest	14	11	11	12	11	10	11	9.94	9.98	13	11
Basic Earnings per Share	$1.21	$1.00	$0.99	$0.89	$0.83	$0.75	$0.74	$0.77	$0.68	$0.71	$0.61
Weighted Average Basic Shares Outstanding	138.84M	138.46M	138.52M	138.39M	138.27M	137.19M	137.01M	136.92M	136.66M	136.01M	135.98M
Diluted Earnings per Share	$1.20	$1.00	$0.97	$0.88	$0.82	$0.74	$0.74	$0.76	$0.67	$0.70	$0.60
Weighted Average Diluted Shares Outstanding	140.48M	140.20M	140.31M	140.06M	139.89M	138.91M	138.67M	138.60M	138.58M	138.04M	137.84M
Weighted Average Basic & Diluted Shares Outstanding	138.95M	138.83M	138.60M	138.50M	138.36M	138.25M	138.19M	137.00M	136.89M	136.64M	136.59M
Cash Dividends to Common per Share	$0.11	-	$0.11	-	$0.10	-	$0.10	-	$0.10	-	$0.09

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	10/31/2024	10/31/2023	10/31/2022	10/31/2021	10/31/2020	10/31/2019	10/31/2018	10/31/2017	10/31/2016	10/31/2015
Net Change in Cash & Equivalents	-8.95	32	31	-299	350	-2.60	7.53	9.11	9.35	13
Net Cash From Operating Activities	672	449	468	444	409	437	328	288	260	173
Net Cash From Continuing Operating Activities	672	449	468	444	409	437	328	288	260	173
Net Income / (Loss) Continuing Operations	559	444	391	330	336	360	286	208	176	154
Consolidated Net Income / (Loss)	559	444	391	330	336	360	286	208	176	154
Depreciation Expense	175	130	96	93	89	83	77	65	60	48
Non-Cash Adjustments To Reconcile Net Income	39	3.75	21	20	3.14	28	12	11	13	7.07
Changes in Operating Assets and Liabilities, net	-101	-129	-40	1.78	-18	-34	-47	5.16	9.82	-36
Net Cash From Investing Activities	-293	-2,484	-396	-183	-199	-281	-114	-458	-308	-186
Net Cash From Continuing Investing Activities	-293	-2,484	-396	-183	-199	-281	-114	-458	-308	-186
Purchase of Property, Plant & Equipment	-58	-49	-32	-36	-23	-29	-42	-26	-31	-18
Acquisitions	-219	-2,422	-347	-137	-164	-241	-60	-418	-264	-167
Purchase of Investments	-20	-19	-15	-14	-16	-14	-12	-13	-11	-
Other Investing Activities, net	4.26	5.65	-1.24	3.23	3.74	2.83	-0.37	-0.55	-2.94	-0.97
Net Cash From Financing Activities	-389	2,065	-34	-559	138	-160	-208	176	57	27
Net Cash From Continuing Financing Activities	-389	2,065	-34	-559	138	-160	-208	176	57	27
Repayment of Debt	-379	-1,001	-213	-506	-68	-284	-208	-191	-170	-132
Repurchase of Common Equity	-30	-15	-26	-6.13	-20	-64	-25	-4.05	-3.60	0.00
Payment of Dividends	-90	-67	-58	-51	-39	-130	-28	-31	-30	-19
Issuance of Debt	130	1,964	262	0.00	245	313	56	404	260	174
Issuance of Common Equity	0.00	1,189	0.00	0.53	21	0.00	4.03	5.66	5.92	3.67
Other Financing Activities, net	-21	-6.21	1.42	4.06	-1.49	4.47	-6.09	-7.38	-5.81	1.01
Effect of Exchange Rate Changes	1.28	2.23	-6.99	-0.22	-	0.39	0.09	3.17	1.01	-0.82

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Net Change in Cash & Equivalents	3.36	-41	-1.22	7.84	25	-523	567	-15	3.12	5.90	16
Net Cash From Operating Activities	203	206	214	141	112	148	146	78	77	144	149
Net Cash From Continuing Operating Activities	203	206	214	141	112	148	146	78	77	144	149
Net Income / (Loss) Continuing Operations	182	151	148	135	125	114	113	115	103	110	93
Consolidated Net Income / (Loss)	182	151	148	135	125	114	113	115	103	110	93
Depreciation Expense	46	45	44	43	44	44	30	30	27	26	24
Non-Cash Adjustments To Reconcile Net Income	20	-37	19	50	6.98	15	7.52	-9.93	-8.86	3.27	1.24
Changes in Operating Assets and Liabilities, net	-44	48	2.36	-87	-64	-24	-3.88	-57	-45	4.70	31
Net Cash From Investing Activities	-288	-181	-27	-14	-71	-1,910	-14	-34	-526	-172	-79
Net Cash From Continuing Investing Activities	-288	-181	-27	-14	-71	-1,910	-14	-34	-526	-172	-79
Purchase of Property, Plant & Equipment	-17	-16	-16	-13	-13	-15	-12	-11	-11	-7.63	-8.15
Acquisitions	-255	-164	-9.00	-	-46	-1,895	-2.47	-20	-504	-172	-70
Purchase of Investments	-15	-3.40	-2.10	-1.70	-13	-4.89	-	-2.20	-12	-1.90	-1.70
Other Investing Activities, net	-1.30	2.52	0.09	0.50	1.16	4.96	0.33	-0.04	0.40	9.06	0.22
Net Cash From Financing Activities	91	-65	-189	-118	-17	1,241	435	-60	449	36	-52
Net Cash From Continuing Financing Activities	91	-65	-189	-118	-17	1,241	435	-60	449	36	-52
Repayment of Debt	-20	-110	-130	-109	-29	-152	-740	-70	-38	-55	-93
Repurchase of Common Equity	-3.35	-25	-2.48	0.46	-2.81	-	-0.04	2.73	-18	-0.12	-2.13
Payment of Dividends	-26	-11	-47	-9.77	-23	-6.66	-21	-14	-25	-8.33	-27
Issuance of Debt	145	80	-	-	50	1,400	8.00	25	531	100	69
Issuance of Common Equity	1.60	-	-4.15	-	2.25	-	1,184	-	-	-	-1.61
Other Financing Activities, net	-7.02	0.75	-5.65	-4.16	-15	-0.18	5.09	-9.79	-1.33	-0.30	2.93
Effect of Exchange Rate Changes	-2.39	-	-	-	1.49	-	-	-	3.23	-	-

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	10/31/2024	10/31/2023	10/31/2022	10/31/2021	10/31/2020	10/31/2019	10/31/2018	10/31/2017	10/31/2016	10/31/2015
Total Assets	7,593	7,195	4,095	3,498	3,548	2,969	2,653	1,263	1,998	1,736
Total Current Assets	2,062	1,855	1,153	937	1,166	814	734	52	543	504
Cash & Equivalents	162	171	140	108	407	57	60	52	43	34
Accounts Receivable	538	509	295	245	210	274	237	-	202	182
Inventories, net	1,171	1,014	582	478	463	420	402	-	286	244
Prepaid Expenses	79	50	42	26	25	19	21	-	12	9.37
Other Current Assets	112	112	94	80	60	43	14	-	-	-
Plant, Property, & Equipment, net	339	322	226	194	169	173	155	130	122	106
Total Noncurrent Assets	5,191	5,018	2,717	2,367	2,213	1,982	1,765	1,081	1,334	1,127
Goodwill	3,380	3,274	1,672	1,450	1,383	1,269	1,115	1,081	866	767
Intangible Assets	1,335	1,357	733	582	579	551	506	-	367	273
Other Noncurrent Operating Assets	476	386	311	335	251	163	144	-	101	87
Total Liabilities & Shareholders' Equity	7,593	7,195	4,095	3,498	3,548	2,969	2,653	121	1,998	1,736
Total Liabilities	3,529	3,637	1,120	949	1,316	1,086	1,018	0.00	851	752
Total Current Liabilities	664	665	421	295	241	289	282	0.00	214	168
Short-Term Debt	4.11	18	1.65	1.52	1.05	0.91	0.86	-	0.41	0.36
Accounts Payable	198	206	117	86	76	106	107	-	73	65
Accrued Expenses	428	433	290	207	162	179	172	-	136	100
Current Deferred & Payable Income Tax Liabilities	34	8.55	12	0.96	1.65	3.05	2.84	-	4.62	3.19
Total Noncurrent Liabilities	2,865	2,972	699	654	1,075	797	736	0.00	637	583
Long-Term Debt	2,225	2,460	289	235	739	561	532	-	458	367
Noncurrent Deferred & Payable Income Tax Liabilities	114	132	71	41	56	51	47	-	65	111
Other Noncurrent Operating Liabilities	526	380	339	378	280	185	158	-	114	106
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Redeemable Noncontrolling Interest	366	365	328	253	221	188	132	131	100	91
Total Equity & Noncontrolling Interests	3,697	3,193	2,648	2,297	2,011	1,695	1,503	-11	1,048	893
Total Preferred & Common Equity	3,637	3,146	2,606	2,263	1,980	1,667	1,398	-11	963	810
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-
Total Common Equity	3,637	3,146	2,606	2,263	1,980	1,666	1,397	-11	963	809
Common Stock	601	580	399	322	301	285	322	-	307	286
Retained Earnings	3,062	2,606	2,254	1,950	1,688	1,397	1,091	-	682	548
Accumulated Other Comprehensive Income / (Loss)	-26	-40	-46	-8.55	-9.15	-17	-15	-11	-25	-25
Other Equity Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Noncontrolling Interest	61	47	42	34	30	28	105	-	84	83

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	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	1/31/2025	7/31/2024	4/30/2024	1/31/2024	7/31/2023	4/30/2023	1/31/2023	7/31/2022
Total Assets	7,891	7,422	7,366	7,336	5,453	4,870	4,805	3,787
Total Current Assets	2,103	2,027	1,969	1,912	1,932	1,367	1,319	1,082
Cash & Equivalents	165	203	204	196	694	127	143	134
Accounts Receivable	523	526	504	472	355	361	326	273
Inventories, net	1,219	1,125	1,088	1,069	732	722	697	546
Prepaid Expenses	77	69	62	67	47	53	51	43
Other Current Assets	118	104	110	109	103	103	102	87
Plant, Property, & Equipment, net	349	330	327	328	285	274	274	203
Total Noncurrent Assets	5,439	5,065	5,070	5,096	3,236	3,230	3,211	2,503
Goodwill	3,491	3,292	3,285	3,290	2,026	2,031	1,994	1,541
Intangible Assets	1,447	1,300	1,333	1,366	823	844	874	639
Other Noncurrent Operating Assets	501	473	452	440	388	354	343	323
Total Liabilities & Shareholders' Equity	7,891	7,422	7,366	7,336	5,453	4,870	4,805	3,787
Total Liabilities	3,656	3,496	3,555	3,654	2,150	1,665	1,720	998
Total Current Liabilities	618	615	559	604	479	467	453	346
Short-Term Debt	3.95	4.21	4.38	4.74	17	19	1.62	1.73
Accounts Payable	208	207	195	195	140	148	135	108
Accrued Expenses	360	399	354	382	316	296	291	234
Current Deferred & Payable Income Tax Liabilities	47	3.55	6.03	23	7.15	4.10	26	2.46
Total Noncurrent Liabilities	3,038	2,882	2,996	3,049	1,671	1,198	1,267	652
Long-Term Debt	2,350	2,255	2,385	2,496	1,198	736	781	244
Noncurrent Deferred & Payable Income Tax Liabilities	109	117	120	128	83	94	113	48
Other Noncurrent Operating Liabilities	579	510	490	426	389	368	372	360
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	424	329	368	366	344	346	340	297
Total Equity & Noncontrolling Interests	3,811	3,597	3,443	3,317	2,959	2,860	2,744	2,493
Total Preferred & Common Equity	3,747	3,540	3,389	3,266	2,914	2,818	2,699	2,452
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,747	3,540	3,389	3,266	2,914	2,818	2,699	2,452
Common Stock	620	615	600	587	408	400	390	319
Retained Earnings	3,180	2,954	2,825	2,705	2,523	2,435	2,329	2,171
Accumulated Other Comprehensive Income / (Loss)	-54	-29	-36	-26	-17	-18	-19	-38
Other Equity Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Noncontrolling Interest	64	57	53	50	45	42	45	40

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	10/31/2024	10/31/2023	10/31/2022	10/31/2021	10/31/2020	10/31/2019	10/31/2018	10/31/2017	10/31/2016	10/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	29.97%	34.41%	18.37%	4.40%	-13.07%	15.63%	16.59%	10.79%	15.78%	4.98%
EBITDA Growth	32.17%	27.72%	21.83%	4.46%	-14.08%	19.77%	21.69%	14.43%	17.33%	10.22%
EBIT Growth	31.62%	26.31%	26.14%	4.32%	-17.74%	22.16%	22.24%	15.99%	15.56%	12.54%
NOPAT Growth	35.93%	26.61%	18.08%	-3.45%	-7.68%	24.49%	41.16%	17.54%	15.99%	10.29%
Net Income Growth	25.81%	13.76%	18.46%	-1.82%	-6.64%	25.92%	37.57%	17.89%	14.71%	10.66%
EPS Growth	26.12%	14.12%	15.38%	-3.49%	-4.18%	25.79%	38.69%	17.89%	14.71%	10.66%
Operating Cash Flow Growth	49.84%	-4.09%	5.35%	8.54%	-6.46%	33.15%	13.95%	11.00%	50.24%	-9.35%
Free Cash Flow Firm Growth	118.52%	-4,067.56%	-124.21%	30.63%	109.54%	-239.03%	126.47%	1,009.79%	-62.08%	-123.49%
Invested Capital Growth	4.53%	87.58%	16.77%	4.40%	7.41%	923.60%	-80.74%	-22.48%	18.50%	17.36%
Revenue Q/Q Growth	2.04%	12.37%	4.75%	4.67%	-6.06%	3.25%	3.23%	3.95%	2.58%	3.16%
EBITDA Q/Q Growth	3.06%	8.91%	5.83%	5.79%	-5.96%	3.64%	3.59%	4.50%	3.24%	6.16%
EBIT Q/Q Growth	3.61%	7.55%	6.67%	7.00%	-7.60%	3.83%	3.85%	4.70%	2.86%	6.87%
NOPAT Q/Q Growth	5.05%	7.44%	4.99%	7.97%	-7.42%	5.26%	5.91%	5.02%	3.35%	5.55%
Net Income Q/Q Growth	7.15%	0.77%	4.50%	8.48%	-6.93%	5.42%	5.54%	4.83%	3.22%	5.46%
EPS Q/Q Growth	7.62%	1.39%	2.82%	8.87%	-8.40%	3.46%	2.70%	4.83%	3.22%	5.46%
Operating Cash Flow Q/Q Growth	9.31%	1.00%	7.83%	-0.04%	-3.27%	2.40%	1.47%	8.13%	15.95%	-6.43%
Free Cash Flow Firm Q/Q Growth	127.43%	-389.51%	-244.55%	-11.05%	-38.31%	-2,450.34%	1,106.93%	628.40%	71.48%	-135.43%
Invested Capital Q/Q Growth	2.48%	53.37%	7.77%	4.52%	2.54%	-0.58%	-89.00%	-29.12%	-1.29%	10.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.93%	38.86%	39.07%	38.99%	38.17%	39.59%	38.85%	37.69%	37.46%	36.53%
EBITDA Margin	25.98%	25.55%	26.89%	26.12%	26.11%	26.42%	25.50%	24.43%	23.66%	23.35%
Operating Margin	21.37%	21.07%	22.50%	21.06%	21.08%	22.24%	21.16%	20.11%	19.28%	19.32%
EBIT Margin	21.44%	21.17%	22.52%	21.14%	21.15%	22.35%	21.16%	20.18%	19.28%	19.32%
Profit (Net Income) Margin	14.49%	14.97%	17.69%	17.67%	18.79%	17.50%	16.07%	13.62%	12.80%	12.92%
Tax Burden Percent	82.51%	80.03%	79.55%	85.20%	92.05%	82.16%	80.18%	69.69%	68.53%	68.26%
Interest Burden Percent	81.94%	88.38%	98.72%	98.15%	96.52%	95.28%	94.71%	96.82%	96.88%	97.99%
Effective Tax Rate	17.49%	19.97%	20.45%	14.80%	7.95%	17.84%	19.82%	30.31%	31.47%	31.74%
Return on Invested Capital (ROIC)	11.34%	11.13%	13.62%	12.77%	14.00%	28.66%	41.77%	15.41%	12.62%	12.84%
ROIC Less NNEP Spread (ROIC-NNEP)	5.80%	6.57%	10.30%	10.61%	11.41%	33.89%	213.87%	14.61%	11.11%	11.84%
Return on Net Nonoperating Assets (RNNOA)	3.33%	2.47%	0.52%	1.02%	2.32%	-6.35%	-2.72%	17.35%	3.90%	4.23%
Return on Equity (ROE)	14.67%	13.60%	14.14%	13.79%	16.32%	22.31%	39.05%	32.76%	16.53%	17.07%
Cash Return on Invested Capital (CROIC)	6.91%	-49.78%	-1.85%	8.46%	6.86%	-135.74%	177.17%	40.74%	-4.31%	-3.14%
Operating Return on Assets (OROA)	11.18%	11.13%	13.10%	11.19%	11.60%	26.90%	43.99%	18.87%	14.21%	14.24%
Return on Assets (ROA)	7.56%	7.87%	10.29%	9.36%	10.31%	21.06%	33.41%	12.73%	9.43%	9.52%
Return on Common Equity (ROCE)	13.06%	11.98%	12.46%	12.24%	14.46%	19.16%	29.20%	24.61%	13.74%	14.31%
Return on Equity Simple (ROE_SIMPLE)	15.37%	14.13%	14.99%	14.57%	16.96%	21.59%	25.86%	-1,967.22%	18.28%	18.96%
Net Operating Profit after Tax (NOPAT)	680	500	395	335	347	376	302	214	182	157
NOPAT Margin	17.63%	16.86%	17.90%	17.94%	19.40%	18.27%	16.97%	14.02%	13.21%	13.19%
Net Nonoperating Expense Percent (NNEP)	5.54%	4.56%	3.32%	2.16%	2.59%	-5.24%	-172.10%	0.81%	1.52%	1.00%
Return On Investment Capital (ROIC_SIMPLE)	11.48%	8.82%	13.45%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	61.07%	61.14%	60.93%	61.01%	61.83%	60.41%	61.15%	62.31%	62.54%	63.47%
SG&A Expenses to Revenue	17.56%	17.79%	16.57%	17.93%	17.09%	17.35%	17.69%	17.58%	18.18%	17.21%
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	17.56%	17.79%	16.57%	17.93%	17.09%	17.35%	17.69%	17.58%	18.18%	17.21%
Earnings before Interest and Taxes (EBIT)	827	628	497	394	378	460	376	308	265	230
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,002	758	594	487	467	543	453	373	326	277
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.33	6.95	8.50	8.31	7.12	9.87	10.01	0.00	4.66	4.11
Price to Tangible Book Value (P/TBV)	0.00	0.00	110.61	81.62	785.09	0.00	10.01	0.00	0.00	0.00
Price to Revenue (P/Rev)	8.80	7.37	10.04	10.08	7.89	8.00	6.22	4.98	3.26	2.80
Price to Earnings (P/E)	66.04	54.18	63.03	61.81	44.93	50.15	42.64	40.80	28.76	24.92
Dividend Yield	0.09%	0.13%	0.11%	0.12%	0.15%	0.16%	0.13%	0.17%	0.24%	0.90%
Earnings Yield	1.51%	1.85%	1.59%	1.62%	2.23%	1.99%	2.35%	2.45%	3.48%	4.01%
Enterprise Value to Invested Capital (EV/IC)	5.94	4.19	7.26	7.18	5.73	7.19	48.41	6.33	3.26	2.91
Enterprise Value to Revenue (EV/Rev)	9.45	8.28	10.27	10.30	8.22	8.35	6.35	5.03	3.70	3.22
Enterprise Value to EBITDA (EV/EBITDA)	36.36	32.42	38.21	39.43	31.49	31.61	24.91	20.58	15.63	13.81
Enterprise Value to EBIT (EV/EBIT)	44.07	39.13	45.61	48.74	38.87	37.35	30.02	24.91	19.19	16.69
Enterprise Value to NOPAT (EV/NOPAT)	53.57	49.13	57.39	57.41	42.38	45.70	37.43	35.87	28.00	24.44
Enterprise Value to Operating Cash Flow (EV/OCF)	54.20	54.79	48.49	43.28	35.91	39.24	34.38	26.59	19.60	22.17
Enterprise Value to Free Cash Flow (EV/FCFF)	87.94	0.00	0.00	86.65	86.53	0.00	8.83	13.57	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.55	0.70	0.10	0.09	0.33	0.30	0.00	0.00	0.40	0.37
Long-Term Debt to Equity	0.55	0.69	0.10	0.09	0.33	0.30	0.00	0.00	0.40	0.37
Financial Leverage	0.57	0.38	0.05	0.10	0.20	-0.19	-0.01	1.19	0.35	0.36
Leverage Ratio	1.94	1.73	1.37	1.47	1.58	1.06	1.17	2.57	1.75	1.79
Compound Leverage Factor	1.59	1.53	1.36	1.45	1.53	1.01	1.11	2.49	1.70	1.76
Debt to Total Capital	35.43%	41.05%	8.89%	8.49%	24.90%	22.99%	0.00%	0.00%	28.54%	27.19%
Short-Term Debt to Total Capital	0.07%	0.29%	0.05%	0.05%	0.04%	0.04%	0.00%	0.00%	0.03%	0.03%
Long-Term Debt to Total Capital	35.36%	40.76%	8.84%	8.43%	24.86%	22.95%	0.00%	0.00%	28.52%	27.16%
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	6.78%	6.83%	11.32%	10.28%	8.47%	8.85%	17.72%	108.76%	11.45%	12.92%
Common Equity to Total Capital	57.79%	52.12%	79.79%	81.23%	66.64%	68.13%	82.28%	-8.76%	59.98%	59.86%
Debt to EBITDA	2.22	3.27	0.49	0.49	1.59	1.03	0.00	0.00	1.41	1.32
Net Debt to EBITDA	2.06	3.04	0.25	0.26	0.71	0.93	0.00	0.00	1.28	1.20
Long-Term Debt to EBITDA	2.22	3.24	0.49	0.48	1.58	1.03	0.00	0.00	1.41	1.32
Debt to NOPAT	3.28	4.95	0.73	0.71	2.13	1.50	0.00	0.00	2.52	2.34
Net Debt to NOPAT	3.04	4.61	0.38	0.38	0.96	1.34	0.00	0.00	2.28	2.13
Long-Term Debt to NOPAT	3.27	4.92	0.73	0.70	2.13	1.49	0.00	0.00	2.52	2.34
Altman Z-Score	7.42	5.01	13.80	13.80	8.27	11.16	41.99	0.00	4.97	4.45
Noncontrolling Interest Sharing Ratio	11.00%	11.96%	11.88%	11.25%	11.39%	14.11%	25.23%	24.88%	16.86%	16.15%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.11	2.79	2.74	3.18	4.83	2.81	2.74	0.00	2.53	2.99
Quick Ratio	1.06	1.02	1.03	1.20	2.56	1.15	0.00	0.00	1.14	1.28
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	414	-2,238	-54	222	170	-1,779	1,280	565	-62	-38
Operating Cash Flow to CapEx	1,154.07%	907.75%	1,462.87%	1,227.33%	1,783.46%	1,511.43%	784.52%	1,108.87%	841.50%	947.25%
Free Cash Flow to Firm to Interest Expense	2.78	-30.66	-8.41	30.45	12.90	-82.00	64.30	57.71	-7.51	-8.28
Operating Cash Flow to Interest Expense	4.50	6.15	73.26	60.96	31.09	20.16	16.51	29.45	31.40	37.37
Operating Cash Flow Less CapEx to Interest Expense	4.11	5.47	68.25	55.99	29.35	18.83	14.40	26.79	27.67	33.42
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.52	0.53	0.58	0.53	0.55	1.20	2.08	0.94	0.74	0.74
Accounts Receivable Turnover	7.37	7.38	8.18	8.19	7.37	0.00	0.00	0.00	7.17	7.18
Inventory Turnover	2.16	2.27	2.54	2.42	2.50	3.13	0.00	0.00	3.25	3.27
Fixed Asset Turnover	11.67	10.84	10.53	10.29	10.44	0.00	0.00	12.13	12.11	11.91
Accounts Payable Turnover	11.65	11.26	13.32	14.07	12.11	0.00	0.00	0.00	12.47	12.38
Days Sales Outstanding (DSO)	49.56	49.43	44.61	44.54	49.51	0.00	0.00	0.00	50.90	50.86
Days Inventory Outstanding (DIO)	169.23	160.53	143.84	150.91	145.94	116.46	0.00	0.00	112.33	111.65
Days Payable Outstanding (DPO)	31.32	32.43	27.41	25.94	30.14	0.00	0.00	0.00	29.26	29.47
Cash Conversion Cycle (CCC)	187.47	177.53	161.04	169.52	165.31	116.46	0.00	0.00	133.97	133.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,131	5,865	3,127	2,678	2,565	2,388	233	1,211	1,562	1,319
Invested Capital Turnover	0.64	0.66	0.76	0.71	0.72	1.57	2.46	1.10	0.96	0.97
Increase / (Decrease) in Invested Capital	266	2,738	449	113	177	2,155	-978	-351	244	195
Enterprise Value (EV)	36,444	24,586	22,685	19,218	14,692	17,164	11,293	7,667	5,091	3,832
Market Capitalization	33,950	21,867	22,165	18,804	14,107	16,443	11,055	7,588	4,491	3,323
Book Value per Share	$26.24	$22.77	$19.08	$16.72	$14.67	$12.42	$8.31	($0.13)	$14.32	$12.11
Tangible Book Value per Share	($7.78)	($10.75)	$1.47	$1.70	$0.13	($1.15)	$8.31	($12.93)	($4.01)	($3.44)
Total Capital	6,293	6,036	3,266	2,786	2,972	2,445	1,343	121	1,605	1,352
Total Debt	2,229	2,478	290	236	740	562	0.00	0.00	458	368
Total Long-Term Debt	2,225	2,460	289	235	739	561	0.00	0.00	458	367
Net Debt	2,067	2,307	151	128	333	505	0.00	-52	415	334
Capital Expenditures (CapEx)	58	49	32	36	23	29	42	26	31	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,240	1,037	594	536	519	468	284	0.00	286	302
Debt-free Net Working Capital (DFNWC)	1,403	1,208	734	644	926	525	284	52	329	336
Net Working Capital (NWC)	1,398	1,190	732	643	924	525	284	52	329	335
Net Nonoperating Expense (NNE)	121	56	4.63	4.98	11	16	16	6.06	5.68	3.20
Net Nonoperating Obligations (NNO)	2,067	2,307	151	128	333	505	-1,109	1,091	415	334
Total Depreciation and Amortization (D&A)	175	130	96	93	89	83	77	65	60	48
Debt-free, Cash-free Net Working Capital to Revenue	32.16%	34.93%	26.90%	28.71%	29.02%	22.79%	15.99%	0.00%	20.80%	25.41%
Debt-free Net Working Capital to Revenue	36.36%	40.69%	33.22%	34.52%	51.79%	25.56%	15.99%	3.41%	23.92%	28.23%
Net Working Capital to Revenue	36.25%	40.09%	33.14%	34.44%	51.73%	25.52%	15.99%	3.41%	23.89%	28.20%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.71	$2.94	$2.59	$2.25	$2.33	$2.45	$1.96	$1.41	$1.19	$1.02
Adjusted Weighted Average Basic Shares Outstanding	138.46M	137.19M	136.01M	135.33M	134.75M	133.64M	132.54M	131.70M	130.95M	130.35M
Adjusted Diluted Earnings per Share	$3.67	$2.91	$2.55	$2.21	$2.29	$2.39	$1.90	$1.37	$1.17	$1.01
Adjusted Weighted Average Diluted Shares Outstanding	140.20M	138.91M	138.04M	137.85M	137.30M	137.35M	136.70M	135.59M	133.14M	132.44M
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	138.83M	138.25M	136.64M	135.51M	135.22M	134.50M	132.93M	132.04M	131.48M	130.61M
Normalized Net Operating Profit after Tax (NOPAT)	680	500	395	335	347	376	302	214	182	157
Normalized NOPAT Margin	17.63%	16.86%	17.90%	17.94%	19.40%	18.27%	16.97%	14.02%	13.21%	13.19%
Pre Tax Income Margin	17.56%	18.71%	22.24%	20.75%	20.42%	21.30%	20.04%	19.54%	18.68%	18.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.54	8.61	77.89	54.13	28.73	21.18	18.90	31.44	32.07	49.63
NOPAT to Interest Expense	4.56	6.86	61.89	45.95	26.35	17.31	15.16	21.83	21.98	33.89
EBIT Less CapEx to Interest Expense	5.15	7.93	72.88	49.16	26.98	19.85	16.80	28.78	28.34	45.69
NOPAT Less CapEx to Interest Expense	4.17	6.18	56.89	40.98	24.60	15.98	13.06	19.18	18.25	29.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	16.09%	15.01%	14.92%	15.46%	11.75%	36.01%	9.95%	15.03%	16.88%	12.40%
Augmented Payout Ratio	21.44%	18.35%	21.57%	17.31%	17.58%	53.81%	18.69%	16.98%	18.93%	12.40%

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.93%	8.25%	37.26%	38.90%	44.36%	53.61%	26.93%	27.66%	26.63%	19.67%	20.74%
EBITDA Growth	22.08%	12.71%	45.39%	34.88%	42.81%	36.03%	17.74%	27.69%	28.51%	23.43%	23.26%
EBIT Growth	25.89%	15.12%	44.47%	33.14%	39.07%	30.13%	16.59%	27.90%	31.32%	26.96%	27.62%
NOPAT Growth	32.69%	22.64%	45.55%	33.26%	47.82%	29.77%	29.68%	32.18%	13.41%	19.94%	10.60%
Net Income Growth	44.69%	32.86%	31.10%	17.24%	21.82%	3.08%	21.13%	23.57%	9.29%	18.01%	11.24%
EPS Growth	46.34%	35.14%	31.08%	15.79%	22.39%	5.71%	23.33%	22.58%	6.35%	11.11%	7.14%
Operating Cash Flow Growth	81.85%	38.58%	46.62%	81.53%	45.60%	3.08%	-2.17%	-19.66%	-1.66%	30.88%	20.30%
Free Cash Flow Firm Growth	89.28%	96.67%	-147.28%	-139.01%	-132.52%	-670.93%	-226.56%	-324.15%	-1,901.13%	-1,674.77%	-1,108.26%
Invested Capital Growth	7.29%	4.53%	56.44%	56.45%	60.73%	87.58%	31.81%	33.42%	37.31%	16.77%	13.24%
Revenue Q/Q Growth	1.63%	2.16%	3.86%	6.59%	-4.28%	29.54%	5.10%	10.78%	1.85%	7.04%	5.70%
EBITDA Q/Q Growth	3.78%	0.98%	3.55%	12.50%	-4.19%	30.26%	-3.93%	19.11%	-8.74%	12.75%	4.19%
EBIT Q/Q Growth	3.85%	1.01%	3.57%	15.88%	-5.04%	26.76%	-4.55%	21.03%	-11.14%	13.57%	4.71%
NOPAT Q/Q Growth	17.55%	1.11%	7.60%	3.76%	8.64%	20.01%	-1.49%	15.10%	-4.63%	19.92%	0.41%
Net Income Q/Q Growth	20.33%	2.08%	9.57%	7.51%	10.49%	0.72%	-2.01%	11.70%	-6.51%	18.36%	-0.03%
EPS Q/Q Growth	20.00%	3.09%	10.23%	7.32%	10.81%	0.00%	-2.63%	13.43%	-4.29%	16.67%	-3.23%
Operating Cash Flow Q/Q Growth	-1.26%	-3.89%	51.59%	26.41%	-24.75%	1.68%	87.68%	1.39%	-46.73%	-3.49%	54.13%
Free Cash Flow Firm Q/Q Growth	-160.81%	95.64%	0.90%	4.96%	18.86%	-223.58%	4.21%	7.54%	-169.01%	-37.07%	-24.41%
Invested Capital Q/Q Growth	4.77%	2.48%	-0.24%	0.17%	2.07%	53.37%	-0.23%	2.91%	19.12%	7.77%	0.98%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.38%	38.86%	39.23%	38.92%	38.69%	38.92%	38.56%	38.75%	39.26%	39.43%	38.79%
EBITDA Margin	26.59%	26.04%	26.35%	26.42%	25.03%	25.01%	24.87%	27.21%	25.31%	28.24%	26.81%
Operating Margin	22.02%	21.57%	21.81%	21.89%	20.10%	20.23%	20.66%	22.84%	20.85%	24.03%	22.61%
EBIT Margin	22.10%	21.63%	21.88%	21.94%	20.18%	20.34%	20.79%	22.89%	20.95%	24.01%	22.63%
Profit (Net Income) Margin	17.62%	14.89%	14.90%	14.12%	14.00%	12.13%	15.60%	16.73%	16.59%	18.07%	16.34%
Tax Burden Percent	92.98%	82.05%	81.98%	78.84%	88.19%	77.22%	81.61%	78.78%	83.07%	76.95%	73.02%
Interest Burden Percent	85.75%	83.85%	83.06%	81.63%	78.66%	77.20%	91.93%	92.78%	95.33%	97.81%	98.91%
Effective Tax Rate	7.02%	17.95%	18.02%	21.16%	11.81%	22.78%	18.39%	21.22%	16.93%	23.05%	26.98%
Return on Invested Capital (ROIC)	13.17%	11.38%	13.79%	12.33%	11.84%	10.31%	13.25%	13.35%	12.58%	14.07%	12.74%
ROIC Less NNEP Spread (ROIC-NNEP)	11.86%	10.08%	11.49%	10.20%	9.57%	7.65%	10.35%	11.11%	11.38%	12.24%	11.93%
Return on Net Nonoperating Assets (RNNOA)	6.73%	5.78%	4.10%	4.09%	4.16%	2.88%	1.07%	1.45%	1.51%	0.62%	0.52%
Return on Equity (ROE)	19.90%	17.17%	17.88%	16.42%	16.01%	13.19%	14.32%	14.80%	14.09%	14.69%	13.26%
Cash Return on Invested Capital (CROIC)	4.79%	6.91%	-30.81%	-31.98%	-35.25%	-49.78%	-13.60%	-15.58%	-18.78%	-1.85%	1.36%
Operating Return on Assets (OROA)	11.59%	11.29%	12.85%	12.59%	10.78%	10.69%	11.88%	13.31%	11.78%	13.96%	13.16%
Return on Assets (ROA)	9.24%	7.77%	8.75%	8.10%	7.48%	6.38%	8.92%	9.73%	9.33%	10.51%	9.51%
Return on Common Equity (ROCE)	17.63%	15.28%	15.97%	14.52%	14.11%	11.61%	12.61%	12.98%	12.40%	12.94%	11.75%
Return on Equity Simple (ROE_SIMPLE)	16.42%	0.00%	14.74%	14.36%	14.29%	0.00%	15.13%	14.95%	14.80%	0.00%	15.24%
Net Operating Profit after Tax (NOPAT)	211	179	177	165	159	146	122	124	108	113	94
NOPAT Margin	20.47%	17.70%	17.88%	17.26%	17.73%	15.62%	16.86%	17.99%	17.32%	18.49%	16.51%
Net Nonoperating Expense Percent (NNEP)	1.31%	1.30%	2.30%	2.13%	2.27%	2.66%	2.90%	2.24%	1.20%	1.83%	0.81%
Return On Investment Capital (ROIC_SIMPLE)	3.42%	3.03%	-	-	2.73%	2.58%	-	-	-	3.84%	-
Cost of Revenue to Revenue	60.62%	61.14%	60.77%	61.08%	61.31%	61.08%	61.44%	61.25%	60.74%	60.57%	61.21%
SG&A Expenses to Revenue	17.36%	17.29%	17.42%	17.02%	18.58%	18.69%	17.90%	15.91%	18.42%	15.40%	16.19%
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	17.36%	17.29%	17.42%	17.02%	18.58%	18.69%	17.90%	15.91%	18.42%	15.40%	16.19%
Earnings before Interest and Taxes (EBIT)	228	219	217	210	181	190	150	157	130	146	129
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	274	264	261	252	224	234	180	187	157	172	153
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.84	9.33	9.44	8.46	7.59	6.95	8.26	8.18	8.64	8.50	8.72
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	367.46	0.00	0.00	110.61	78.62
Price to Revenue (P/Rev)	8.30	8.80	8.84	8.17	7.64	7.37	9.12	9.26	9.97	10.04	10.15
Price to Earnings (P/E)	58.37	66.04	69.95	64.70	58.30	54.18	60.61	60.99	65.16	63.03	62.82
Dividend Yield	0.09%	0.09%	0.09%	0.10%	0.11%	0.13%	0.11%	0.11%	0.11%	0.11%	0.11%
Earnings Yield	1.71%	1.51%	1.43%	1.55%	1.72%	1.85%	1.65%	1.64%	1.53%	1.59%	1.59%
Enterprise Value to Invested Capital (EV/IC)	5.57	5.94	6.00	5.22	4.60	4.19	6.54	6.28	6.53	7.26	7.53
Enterprise Value to Revenue (EV/Rev)	8.97	9.45	9.49	8.91	8.48	8.28	9.46	9.67	10.41	10.27	10.36
Enterprise Value to EBITDA (EV/EBITDA)	34.03	36.36	36.88	35.12	33.33	32.42	35.90	35.96	38.72	38.21	38.93
Enterprise Value to EBIT (EV/EBIT)	40.97	44.07	44.94	42.79	40.52	39.13	42.79	42.76	46.06	45.61	46.84
Enterprise Value to NOPAT (EV/NOPAT)	48.80	53.57	55.39	52.85	49.99	49.13	53.66	54.97	59.71	57.39	58.02
Enterprise Value to Operating Cash Flow (EV/OCF)	46.86	54.20	58.31	57.19	56.88	54.79	56.26	53.77	52.16	48.49	50.34
Enterprise Value to Free Cash Flow (EV/FCFF)	120.46	87.94	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	587.98
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.56	0.55	0.58	0.63	0.68	0.70	0.37	0.24	0.25	0.10	0.09
Long-Term Debt to Equity	0.55	0.55	0.57	0.63	0.68	0.69	0.36	0.23	0.25	0.10	0.09
Financial Leverage	0.57	0.57	0.36	0.40	0.44	0.38	0.10	0.13	0.13	0.05	0.04
Leverage Ratio	1.92	1.94	1.78	1.74	1.79	1.73	1.52	1.44	1.46	1.37	1.38
Compound Leverage Factor	1.65	1.63	1.48	1.42	1.41	1.33	1.39	1.34	1.40	1.34	1.37
Debt to Total Capital	35.72%	35.43%	36.52%	38.54%	40.44%	41.05%	26.90%	19.06%	20.24%	8.89%	8.09%
Short-Term Debt to Total Capital	0.06%	0.07%	0.07%	0.07%	0.08%	0.29%	0.37%	0.48%	0.04%	0.05%	0.06%
Long-Term Debt to Total Capital	35.66%	35.36%	36.46%	38.47%	40.36%	40.76%	26.52%	18.58%	20.20%	8.84%	8.04%
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	7.41%	6.78%	6.24%	6.80%	6.73%	6.83%	8.60%	9.79%	9.96%	11.32%	11.09%
Common Equity to Total Capital	56.87%	57.79%	57.23%	54.66%	52.83%	52.12%	64.50%	71.16%	69.79%	79.79%	80.77%
Debt to EBITDA	2.24	2.22	2.32	2.68	3.03	3.27	1.75	1.13	1.25	0.49	0.44
Net Debt to EBITDA	2.08	2.06	2.11	2.45	2.79	3.04	0.75	0.94	1.02	0.25	0.20
Long-Term Debt to EBITDA	2.23	2.22	2.32	2.68	3.02	3.24	1.72	1.10	1.24	0.49	0.43
Debt to NOPAT	3.21	3.28	3.49	4.04	4.54	4.95	2.61	1.72	1.92	0.73	0.65
Net Debt to NOPAT	2.98	3.04	3.18	3.69	4.19	4.61	1.12	1.43	1.57	0.38	0.30
Long-Term Debt to NOPAT	3.20	3.27	3.48	4.03	4.53	4.92	2.57	1.68	1.92	0.73	0.65
Altman Z-Score	6.83	7.16	7.13	6.18	5.33	4.81	8.26	9.85	9.60	13.52	14.56
Noncontrolling Interest Sharing Ratio	11.42%	11.00%	10.72%	11.53%	11.84%	11.96%	11.93%	12.31%	11.96%	11.88%	11.40%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.40	3.11	3.30	3.52	3.17	2.79	4.03	2.93	2.91	2.74	3.12
Quick Ratio	1.11	1.06	1.19	1.27	1.11	1.02	2.19	1.05	1.03	1.03	1.17
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-225	-86	-1,981	-1,999	-2,103	-2,592	-801	-836	-904	-336	-245
Operating Cash Flow to CapEx	1,171.24%	1,278.27%	1,349.87%	1,090.05%	834.66%	972.46%	1,190.71%	702.03%	707.04%	1,887.82%	1,831.05%
Free Cash Flow to Firm to Interest Expense	-6.95	-2.44	-53.84	-51.90	-54.47	-59.69	-66.09	-73.53	-149.05	-104.90	-174.46
Operating Cash Flow to Interest Expense	6.26	5.81	5.82	3.66	2.89	3.42	12.04	6.84	12.64	44.91	106.09
Operating Cash Flow Less CapEx to Interest Expense	5.72	5.35	5.39	3.33	2.55	3.07	11.03	5.86	10.85	42.53	100.29
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.52	0.52	0.59	0.57	0.53	0.53	0.57	0.58	0.56	0.58	0.58
Accounts Receivable Turnover	8.02	7.37	8.58	8.11	8.13	7.38	8.40	7.89	8.45	8.18	8.74
Inventory Turnover	2.13	2.16	2.49	2.38	2.25	2.27	2.52	2.44	2.37	2.54	2.55
Fixed Asset Turnover	11.80	11.67	12.29	11.69	10.77	10.84	10.83	10.65	9.97	10.53	11.04
Accounts Payable Turnover	12.06	11.65	13.30	12.55	12.05	11.26	13.00	12.39	12.71	13.32	13.55
Days Sales Outstanding (DSO)	45.49	49.56	42.54	44.98	44.87	49.43	43.44	46.28	43.20	44.61	41.74
Days Inventory Outstanding (DIO)	171.73	169.23	146.81	153.66	162.22	160.53	144.69	149.37	154.08	143.84	142.88
Days Payable Outstanding (DPO)	30.26	31.32	27.43	29.09	30.28	32.43	28.07	29.46	28.72	27.41	26.93
Cash Conversion Cycle (CCC)	186.96	187.47	161.91	169.55	176.80	177.53	160.05	166.19	168.56	161.04	157.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,423	6,131	5,982	5,997	5,987	5,865	3,824	3,833	3,725	3,127	2,901
Invested Capital Turnover	0.64	0.64	0.77	0.71	0.67	0.66	0.79	0.74	0.73	0.76	0.77
Increase / (Decrease) in Invested Capital	436	266	2,158	2,164	2,262	2,738	923	960	1,012	449	339
Enterprise Value (EV)	35,793	36,444	35,867	31,290	27,514	24,586	24,994	24,063	24,338	22,685	21,842
Market Capitalization	33,117	33,950	33,425	28,683	24,793	21,867	24,085	23,048	23,312	22,165	21,393
Book Value per Share	$26.99	$26.24	$25.56	$24.50	$23.62	$22.77	$21.27	$20.58	$19.75	$19.08	$18.04
Tangible Book Value per Share	($8.58)	($7.78)	($7.59)	($8.89)	($10.05)	($10.75)	$0.48	($0.42)	($1.24)	$1.47	$2.00
Total Capital	6,588	6,293	6,185	6,201	6,183	6,036	4,518	3,960	3,867	3,266	3,036
Total Debt	2,354	2,229	2,259	2,390	2,500	2,478	1,215	755	783	290	246
Total Long-Term Debt	2,350	2,225	2,255	2,385	2,496	2,460	1,198	736	781	289	244
Net Debt	2,188	2,067	2,056	2,185	2,304	2,307	521	627	640	151	112
Capital Expenditures (CapEx)	17	16	16	13	13	15	12	11	11	7.63	8.15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,323	1,240	1,213	1,210	1,117	1,037	775	792	724	594	603
Debt-free Net Working Capital (DFNWC)	1,488	1,403	1,416	1,414	1,313	1,208	1,470	919	867	734	737
Net Working Capital (NWC)	1,484	1,398	1,412	1,410	1,308	1,190	1,453	900	865	732	735
Net Nonoperating Expense (NNE)	29	29	30	30	33	33	9.15	8.69	4.51	2.56	0.92
Net Nonoperating Obligations (NNO)	2,188	2,067	2,056	2,185	2,304	2,307	521	627	640	151	111
Total Depreciation and Amortization (D&A)	46	45	44	43	44	44	30	30	27	26	24
Debt-free, Cash-free Net Working Capital to Revenue	33.14%	32.16%	32.10%	34.46%	34.43%	34.93%	29.36%	31.81%	30.97%	26.90%	28.63%
Debt-free Net Working Capital to Revenue	37.29%	36.36%	37.47%	40.27%	40.48%	40.69%	55.64%	36.93%	37.07%	33.22%	34.96%
Net Working Capital to Revenue	37.19%	36.25%	37.36%	40.15%	40.33%	40.09%	55.01%	36.17%	37.00%	33.14%	34.88%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.21	$1.00	$0.99	$0.89	$0.83	$0.75	$0.74	$0.77	$0.68	$0.71	$0.61
Adjusted Weighted Average Basic Shares Outstanding	138.84M	138.46M	138.52M	138.39M	138.27M	137.19M	137.01M	136.92M	136.66M	136.01M	135.98M
Adjusted Diluted Earnings per Share	$1.20	$1.00	$0.97	$0.88	$0.82	$0.74	$0.74	$0.76	$0.67	$0.70	$0.60
Adjusted Weighted Average Diluted Shares Outstanding	140.48M	140.20M	140.31M	140.06M	139.89M	138.91M	138.67M	138.60M	138.58M	138.04M	137.84M
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	138.95M	138.83M	138.60M	138.50M	138.36M	138.25M	138.19M	137.00M	136.89M	136.64M	136.59M
Normalized Net Operating Profit after Tax (NOPAT)	211	179	177	165	159	146	122	124	108	113	94
Normalized NOPAT Margin	20.47%	17.70%	17.88%	17.26%	17.73%	15.62%	16.86%	17.99%	17.32%	18.49%	16.51%
Pre Tax Income Margin	18.95%	18.14%	18.17%	17.91%	15.87%	15.70%	19.11%	21.23%	19.97%	23.48%	22.38%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.02	6.19	5.90	5.44	4.69	4.39	12.40	13.84	21.44	45.67	91.67
NOPAT to Interest Expense	6.50	5.07	4.82	4.28	4.12	3.37	10.06	10.88	17.72	35.17	66.86
EBIT Less CapEx to Interest Expense	6.48	5.74	5.47	5.11	4.34	4.04	11.39	12.87	19.65	43.29	85.88
NOPAT Less CapEx to Interest Expense	5.96	4.61	4.39	3.95	3.77	3.02	9.05	9.91	15.93	32.79	61.07
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	15.10%	16.09%	15.88%	11.77%	13.78%	15.01%	13.52%	15.62%	14.08%	14.92%	14.38%
Augmented Payout Ratio	20.05%	21.44%	17.33%	12.82%	13.81%	18.35%	18.90%	21.74%	21.24%	21.57%	21.94%

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. See where experts think HEICO is headed by visiting HEICO's forecast page.

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%.

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This page (NYSE:HEI.A) was last updated on 5/18/2025 by MarketBeat.com Staff

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HEICO (HEI.A) Financials

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HEICO (HEI.A) Financials

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