HEICO Corporation (NYSE: HEI and HEI.A) is an American aerospace and electronics company headquartered in Hollywood, Florida. The company designs, manufactures, and distributes components and systems for a range of industries including aviation, defense, space, medical, and telecommunications. HEICO operates through two main business segments: the Flight Support Group (FSG) and the Electronic Technologies Group (ETG).3Wikipedia text CC BY-SA 4.0
$305.76up 7.18 (2.40%)Price as of Oct 15, 2026 at 17:33 UTC
HEICO Corporation (NYSE: HEI and HEI.A) is an American aerospace and electronics company headquartered in Hollywood, Florida. The company designs, manufactures, and distributes components and systems for a range of industries including aviation, defense, space, medical, and telecommunications. HEICO operates through two main business segments: the Flight Support Group (FSG) and the Electronic Technologies Group (ETG).3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue10111213146$4.5B in 2025+152% since 2018Operating income10111213146$1.0B in 2025+171% since 2018Net income10111213146$690.4M in 2025+166% since 2018
Revenue151617$1.4B in Q3 FY2026+29% since Q2 FY2025Operating income151617$355.2M in Q3 FY2026+43% since Q2 FY2025Net income151617$235.4M in Q3 FY2026+50% since Q2 FY2025
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
Period ending
2025-10-31
2024-10-31
2023-10-31
Net sales
$4.5B
$3.9B
$3.0B
Cost of sales
$2.7B
$2.4B
$1.8B
Selling, general and administrative expenses
$767.5M
$677.3M
$528.1M
Total operating costs and expenses
$3.5B
$3.0B
$2.3B
Operating income
$1.0B
$824.5M
$625.3M
Interest expense
-$129.9M
-$149.3M
-$73.0M
Other income
$4.4M
$2.4M
$2.9M
Income before taxes and noncontrolling interests
$893.6M
$677.6M
$555.3M
Income tax expense
$148.0M
$118.5M
$110.9M
Net income from consolidated operations
$745.6M
$559.1M
$444.4M
Less: Net income attributable to noncontrolling interests
$55.2M
$45.0M
$40.8M
Net income attributable to HEICO
$690.4M
$514.1M
$403.6M
Basic (in dollars per share)
$4.97
$3.71
$2.94
Diluted (in dollars per share)
$4.90
$3.67
$2.91
Basic (in shares)
139.0M shares
138.5M shares
137.2M shares
Diluted (in shares)
140.8M shares
140.2M shares
138.9M shares
No quarter-by-quarter statement was filed.
Total assets1810111213146$8.5B in 2025+220% since 2018Total liabilities1810111213146$3.7B in 2025+259% since 2018Shareholders’ equity1810111213146$4.3B in 2025+208% since 2018Cash1011126$217.8M in 2025+265% since 2018
Total assets1920171516$9.9B in Q3 FY2026+23% since Q2 FY2025Total liabilities1920171516$4.3B in Q3 FY2026+19% since Q2 FY2025Shareholders’ equity1920171516$4.9B in Q3 FY2026+25% since Q2 FY2025Cash1920171516$241.0M in Q3 FY2026−1% since Q2 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
Period ending
2025-10-31
2024-10-31
2023-10-31
2022-10-31
Cash and cash equivalents
$217.8M
$162.1M
$171.0M
$139.5M
Accounts receivable, net
$637.6M
$538.5M
Contract assets
$119.3M
$112.2M
Inventories, net
$1.3B
$1.2B
Prepaid expenses and other current assets
$86.4M
$78.5M
Total current assets
$2.4B
$2.1B
Property, plant and equipment, net
$431.7M
$339.0M
Goodwill
$3.7B
$3.4B
$3.3B
Intangible assets, net
$1.5B
$1.3B
Other assets
$579.3M
$476.4M
Total assets
$8.5B
$7.6B
Current maturities of long-term debt
$3.4M
$4.1M
Trade accounts payable
$231.0M
$198.4M
Accrued expenses and other current liabilities
$577.6M
$427.8M
Income taxes payable
$20.0M
$33.5M
Total current liabilities
$832.0M
$663.9M
Long-term debt, net of current maturities
$2.2B
$2.2B
Deferred income taxes
$107.2M
$114.2M
Other long-term liabilities
$550.1M
$526.0M
Total liabilities
$3.7B
$3.5B
Redeemable noncontrolling interests
$467.4M
$366.2M
Preferred Stock
$0
$0
Capital in excess of par value
$650.7M
$599.4M
Deferred compensation obligation
$8.1M
$7.3M
HEICO stock held by irrevocable trust
-$8.1M
-$7.3M
Accumulated other comprehensive (loss) income
$5.6M
-$26.1M
-$40.2M
Retained earnings
$3.6B
$3.1B
Total HEICO shareholders' equity
$4.3B
$3.6B
Noncontrolling interests
$73.9M
$60.5M
Total shareholders' equity
$4.4B
$3.7B
Total liabilities and equity
$8.5B
$7.6B
Preferred Stock, par value (in dollars per share)
$0.01
$0.01
Preferred Stock, shares authorized
10.0M shares
10.0M shares
Preferred Stock, shares issued
0 shares
0 shares
Period ending
2025-10-31
2024-10-31
2023-10-31
2022-10-31
Cash and cash equivalents
$217.8M
$162.1M
$171.0M
$139.5M
Accounts receivable, net
$637.6M
$538.5M
Contract assets
$119.3M
$112.2M
Inventories, net
$1.3B
$1.2B
Prepaid expenses and other current assets
$86.4M
$78.5M
Total current assets
$2.4B
$2.1B
Property, plant and equipment, net
$431.7M
$339.0M
Goodwill
$3.7B
$3.4B
$3.3B
Intangible assets, net
$1.5B
$1.3B
Other assets
$579.3M
$476.4M
Total assets
$8.5B
$7.6B
Current maturities of long-term debt
$3.4M
$4.1M
Trade accounts payable
$231.0M
$198.4M
Accrued expenses and other current liabilities
$577.6M
$427.8M
Income taxes payable
$20.0M
$33.5M
Total current liabilities
$832.0M
$663.9M
Long-term debt, net of current maturities
$2.2B
$2.2B
Deferred income taxes
$107.2M
$114.2M
Other long-term liabilities
$550.1M
$526.0M
Total liabilities
$3.7B
$3.5B
Redeemable noncontrolling interests
$467.4M
$366.2M
Preferred Stock
$0
$0
Capital in excess of par value
$650.7M
$599.4M
Deferred compensation obligation
$8.1M
$7.3M
HEICO stock held by irrevocable trust
-$8.1M
-$7.3M
Accumulated other comprehensive (loss) income
$5.6M
-$26.1M
-$40.2M
Retained earnings
$3.6B
$3.1B
Total HEICO shareholders' equity
$4.3B
$3.6B
Noncontrolling interests
$73.9M
$60.5M
Total shareholders' equity
$4.4B
$3.7B
Total liabilities and equity
$8.5B
$7.6B
Preferred Stock, par value (in dollars per share)
$0.01
$0.01
Preferred Stock, shares authorized
10.0M shares
10.0M shares
Preferred Stock, shares issued
0 shares
0 shares
Cash from operations10111213146$934.3M in 2025+184% since 2018Capital spending10111213146$72.9M in 2025+74% since 2018Free cash flow10111213146$861.4M in 2025+201% since 2018Dividends paid10111213146$32.0M in 2025+108% since 2018
Capital spending1517$18.1M in Q2 FY2026+13% since Q2 FY2025
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
Period ending
2025-10-31
2024-10-31
2023-10-31
Net income from consolidated operations
$745.6M
$559.1M
$444.4M
Depreciation and amortization
$196.1M
$175.3M
$130.0M
Share-based compensation expense
$34.4M
$18.8M
$15.5M
Employer contributions to HEICO Savings and Investment Plan
$20.4M
$17.6M
$15.3M
Change in accrued contingent consideration
$12.9M
-$9.9M
-$686.0K
Impairment of Intangible Assets
$0
$7.5M
$0
Amendment and termination of contingent consideration agreement
$0
$0
-$9.1M
Payment for Contingent Consideration Liability, Operating Activities
-$2.2M
-$6.2M
-$6.3M
Deferred Income Tax Expense (Benefit)
-$48.6M
-$22.0M
-$26.5M
Accounts receivable
-$75.6M
-$20.8M
-$65.6M
Contract assets
-$6.5M
$1.3M
-$11.6M
Inventories
-$44.9M
-$132.9M
-$124.8M
Prepaid expenses and other current assets
$15.4M
-$23.0M
$5.6M
Trade accounts payable
$27.6M
-$9.8M
$11.0M
Accrued expenses and other current liabilities
$44.6M
$22.1M
$72.6M
Income taxes payable
-$19.4M
$20.2M
-$4.5M
Change in long-term liabilities and assets related to HEICO LCP
$23.5M
$21.6M
$13.5M
Other
$10.9M
$53.5M
-$10.0M
Net cash provided by operating activities
$934.3M
$672.4M
$448.7M
Acquisitions, net of cash acquired
-$629.8M
-$219.3M
-$2.4B
Capital expenditures
-$72.9M
-$58.3M
-$49.4M
Net Investment Related to HEICO LCP
-$33.0M
-$19.9M
-$18.9M
Other
$4.0M
$4.3M
$5.6M
Net cash used in investing activities
-$731.7M
-$293.2M
-$2.5B
Payments on revolving credit facility
-$550.0M
-$365.0M
-$989.0M
Proceeds from Issuance of Senior Long-Term Debt
$0
$0
$1.2B
Borrowings on revolving credit facility
$495.0M
$130.0M
$2.0B
Distributions to noncontrolling interests
-$38.5M
-$34.3M
-$36.6M
Cash dividends paid
-$32.0M
-$29.1M
-$27.4M
Redemption of common stock related to stop option exercises
-$22.4M
-$29.9M
-$14.8M
Payment for Contingent Consideration Liability, Financing Activities
-$6.0M
-$24.8M
-$12.6M
Acquisitions of noncontrolling interests
-$5.8M
-$26.6M
-$2.7M
Payments on short-term debt, net
$0
-$13.9M
-$1.6M
Debt issuance costs
$0
$0
-$10.1M
Proceeds from stock option exercises
$13.2M
$8.0M
$6.7M
Other
-$4.3M
-$3.8M
-$312.0K
Net cash (used in) provided by financing activities
-$150.7M
-$389.4M
$2.1B
Effect of exchange rate changes on cash
$3.8M
$1.3M
$2.2M
Net increase (decrease) in cash and cash equivalents
HEICO sits at the top of its group. 217 entities, 16 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What HEICO reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
We own or lease a number of facilities, which are utilized by our Flight Support Group (“FSG”), Electronic Technologies Group (“ETG”), and corporate offices. As of October 31, 2025, all of the facilities listed below were in good operating condition, well maintained and in regular use. We believe that our existing facilities are sufficient to meet our operational needs for the foreseeable future. Summary information on the facilities utilized within the FSG, ETG and our corporate offices to support their principal operating activities is as follows:
Square Footage
The rest of Item 2
Location · Leased · Owned · Description
United States facilities (19 states) · 1,582,000 · 280,000 · Manufacturing, engineering and distribution facilities, and corporate headquarters
United States facilities (10 states) · 648,000 · 127,000 · Repair and overhaul facilities
International facilities (10 countries) - France, Germany, India, Laos, Netherlands, Singapore, Thailand, Turkey, United Arab Emirates and United Kingdom · 136,000 · 173,000 · Manufacturing, engineering and distribution facilities, and sales offices
United States facilities (19 states) · 906,000 · 759,000 · Manufacturing and engineering facilities
International facilities (7 countries) - Canada, France, India, Morocco, South Korea, United Kingdom and Vietnam · 458,000 · 493,000 · Manufacturing and engineering facilities
Corporate
United States facilities (1 state) · — · 10,000 (1) · Administrative offices
(1)Represents the square footage of our corporate offices in Miami, Florida. The square footage of our corporate headquarters in Hollywood, Florida is included above within Square Footage-Owned of the caption “United States facilities (19 states)” under Flight Support Group.
HEICO was founded in 1957 as Heinicke Instruments Company, a manufacturer of laboratory equipment. In 1974, it entered the aerospace sector with the acquisition of Jet Avion Corporation. The company was renamed HEICO Corporation in 1986 and began focusing on the aerospace aftermarket by designing FAA-approved replacement parts and repair solutions.
HEICO has grown significantly through strategic acquisitions—completing more than 90 acquisitions since the 1990s across aerospace, defense, electronics, and industrial sectors.
Stock information
HEICO's shares are traded on the New York Stock Exchange under two classes: Class A (HEI.A) and Common Stock (HEI). As of June 9, 2025, HEI shares reached an all-time high of $303.72.
The Flight Support Group designs, engineers, manufactures, repairs, overhauls, and distributes jet engine and aircraft component replacement parts that are approved by regulatory agencies such as the FAA. It serves commercial airlines, cargo carriers, regional and business jet operators, and military aircraft fleets worldwide.
Electronic Technologies Group (ETG)
The Electronic Technologies Group develops and manufactures electronic, electro-optical, microwave, and infrared components and systems for mission-critical applications. ETG's products are used in aircraft, spacecraft, medical devices, and military hardware.
Corporate structure and operations
HEICO operates a decentralized structure that gives significant autonomy to its subsidiaries. The company emphasizes innovation, cost-effectiveness, and rapid product development across its businesses. Both FSG and ETG maintain independent leadership and business operations to ensure flexibility and focus.
Around Nov 23, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.
When it reported results
Aug 25, 2026Reported quarterly or annual results50
May 27, 2026Reported quarterly or annual results53
Feb 25, 2026Reported quarterly or annual results55
Dec 18, 2025Reported quarterly or annual results57
Aug 25, 2025Reported quarterly or annual results59
May 27, 2025Reported quarterly or annual results61
Feb 26, 2025Reported quarterly or annual results62
Dec 17, 2024Reported quarterly or annual results63
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
340 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 45 major events, 182 insider forms, 40 large holders, 3 private raises, 50 other. The latest 20:
89 open-market trades by officers, directors and large owners since October 2021: 51 buys and 38 sales. Grants, option exercises and gifts are left out.
Morgan StanleySC 13G/A, 2 filings Feb 10, 2022 to Mar 10, 202273
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
Year
Executive
Age
Salary
Total pay
2025
Eric A. MendelsonCo-Chariman of the Board; Co-Chief Executive Officer, and Director; President and Chief Executive Officer of the HEICO Flight Support Group
Victor H. MendelsonCo-Chairman of the Board; Co-Chief Executive Officer, and Director; President and Chief Executive Officer of the HEICO Electronic Technologies Group
Eric A. MendelsonCo-Chariman of the Board; Co-Chief Executive Officer, and Director; President and Chief Executive Officer of the HEICO Flight Support Group
Victor H. MendelsonCo-Chairman of the Board; Co-Chief Executive Officer, and Director; President and Chief Executive Officer of the HEICO Electronic Technologies Group
Victor H. MendelsonCo-Chairman of the Board; Co-Chief Executive Officer, and Director; President and Chief Executive Officer of the HEICO Electronic Technologies Group
Eric A. MendelsonCo-Chariman of the Board; Co-Chief Executive Officer, and Director; President and Chief Executive Officer of the HEICO Flight Support Group
Private offerings the company reported to the SEC on Form D.
Apr 6, 2026Filed a private offering of equityForm D: 4 investors so farForm D
Jan 31, 2025Filed a private offering of equityForm D: 2 investors so farForm D
Aug 10, 2022Filed a private offering of equityForm D: 1 investor so farForm D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
From the cover page of the 10-K filed Dec 22, 2025 (Section 12(b) of the Exchange Act).21
Risk factors and legal proceedings
The risks HEICO names in Item 1A of its 10-K filed Dec 22, 2025: 20 risks under these headings, as written.21
Strategic, Business and Operational Risks
We may not be able to effectively execute our acquisition strategy, which could slow our growth.
Our success is dependent on the development and manufacture of new products, equipment and services. Our inability to develop, manufacture and introduce new products and services at profitable pricing levels could reduce our sales or sales growth.
Intense competition from existing and new competitors may harm our business.
The inability to obtain certain components and raw materials from suppliers could harm our business.
Product specification costs and requirements could cause an increase in our costs to complete contracts.
We may incur damages or disruption to our business caused by natural disasters and other factors that may not be covered by insurance.
We are subject to the risks associated with sales to foreign customers, which could harm our business.
Cybersecurity events or other disruptions of our information technology systems could adversely affect our business.
We may not have the administrative, operational or financial resources to continue to grow the company.
Goodwill and other intangible assets represent a significant portion of our total assets, and we may never realize the full value of our intangible assets.
We are dependent on key personnel and the loss of these key personnel could have a material adverse effect on our success.
The other 9 risks
Our executive officers and directors have significant influence over our management and direction.
Industry and Macroeconomic Risks
Our success is highly dependent on the performance of the aviation industry, which could be impacted by lower demand for commercial air travel or airline fleet changes causing lower demand for our goods and services.
The retirement or prolonged grounding of commercial aircraft could reduce our revenues and the value of any related inventory.
Reductions in defense, space or homeland security spending by U.S. and/or foreign customers could reduce our revenues.
We are subject to risks arising from public health threats, including global or regional health emergencies (“Health Emergencies”).
Regulatory and Legal Risks
We are subject to governmental regulation and our failure to comply with these regulations could cause the government to withdraw, suspend or revoke our authorizations and approvals to do business and could subject us to penalties and sanctions that could harm our business.
Tax changes could affect our effective tax rate and future profitability.
We may incur product liability claims that are not fully insured and such insurance may not be available at commercially reasonable rates.
We may incur environmental liabilities and these liabilities may not be covered by insurance.
Legal proceedings
We are involved in various legal actions arising in the normal course of business. Based upon our and our legal counsel’s evaluations of any claims or assessments, management is of the opinion that the outcome of these matters will not have a material adverse effect on our results of operations, financial position or cash flows.