HEICO CORP (HEI) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:HEI • US4228061093

322.87 USD
-3.8 (-1.16%)
Last: Feb 9, 2026, 01:18 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

7

Overall HEI gets a fundamental rating of 7 out of 10. We evaluated HEI against 73 industry peers in the Aerospace & Defense industry. HEI scores excellent on profitability, but there are some minor concerns on its financial health. HEI shows excellent growth, but is valued quite expensive already. This makes HEI very considerable for growth investing!


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • HEI had positive earnings in the past year.
  • HEI had a positive operating cash flow in the past year.
  • Each year in the past 5 years HEI has been profitable.
  • In the past 5 years HEI always reported a positive cash flow from operatings.
HEI Yearly Net Income VS EBIT VS OCF VS FCFHEI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

1.2 Ratios

  • With an excellent Return On Assets value of 8.12%, HEI belongs to the best of the industry, outperforming 84.93% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 16.04%, HEI is in the better half of the industry, outperforming 79.45% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 11.03%, HEI belongs to the best of the industry, outperforming 86.30% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for HEI is in line with the industry average of 8.67%.
  • The last Return On Invested Capital (11.03%) for HEI is above the 3 year average (9.64%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 8.12%
ROE 16.04%
ROIC 11.03%
ROA(3y)6.83%
ROA(5y)7.56%
ROE(3y)14.33%
ROE(5y)13.99%
ROIC(3y)9.64%
ROIC(5y)10.07%
HEI Yearly ROA, ROE, ROICHEI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • With an excellent Profit Margin value of 15.39%, HEI belongs to the best of the industry, outperforming 93.15% of the companies in the same industry.
  • In the last couple of years the Profit Margin of HEI has declined.
  • The Operating Margin of HEI (22.72%) is better than 91.78% of its industry peers.
  • In the last couple of years the Operating Margin of HEI has grown nicely.
  • HEI has a Gross Margin of 39.83%. This is in the better half of the industry: HEI outperforms 79.45% of its industry peers.
  • HEI's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 22.72%
PM (TTM) 15.39%
GM 39.83%
OM growth 3Y0.33%
OM growth 5Y1.51%
PM growth 3Y-1.13%
PM growth 5Y-2.61%
GM growth 3Y0.65%
GM growth 5Y0.86%
HEI Yearly Profit, Operating, Gross MarginsHEI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • HEI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for HEI has been increased compared to 1 year ago.
  • The number of shares outstanding for HEI has been increased compared to 5 years ago.
  • Compared to 1 year ago, HEI has an improved debt to assets ratio.
HEI Yearly Shares OutstandingHEI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
HEI Yearly Total Debt VS Total AssetsHEI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 8.24 indicates that HEI is not in any danger for bankruptcy at the moment.
  • With a decent Altman-Z score value of 8.24, HEI is doing good in the industry, outperforming 78.08% of the companies in the same industry.
  • The Debt to FCF ratio of HEI is 2.52, which is a good value as it means it would take HEI, 2.52 years of fcf income to pay off all of its debts.
  • HEI has a Debt to FCF ratio of 2.52. This is amongst the best in the industry. HEI outperforms 86.30% of its industry peers.
  • HEI has a Debt/Equity ratio of 0.50. This is a neutral value indicating HEI is somewhat dependend on debt financing.
  • HEI's Debt to Equity ratio of 0.50 is in line compared to the rest of the industry. HEI outperforms 49.32% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 2.52
Altman-Z 8.24
ROIC/WACC1.11
WACC9.89%
HEI Yearly LT Debt VS Equity VS FCFHEI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 2.83 indicates that HEI has no problem at all paying its short term obligations.
  • With a Current ratio value of 2.83, HEI perfoms like the industry average, outperforming 53.42% of the companies in the same industry.
  • A Quick Ratio of 1.28 indicates that HEI should not have too much problems paying its short term obligations.
  • The Quick ratio of HEI (1.28) is worse than 60.27% of its industry peers.
Industry RankSector Rank
Current Ratio 2.83
Quick Ratio 1.28
HEI Yearly Current Assets VS Current LiabilitesHEI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 34.29% over the past year.
  • HEI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.50% yearly.
  • Looking at the last year, HEI shows a quite strong growth in Revenue. The Revenue has grown by 16.26% in the last year.
  • HEI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.21% yearly.
EPS 1Y (TTM)34.29%
EPS 3Y24.45%
EPS 5Y16.5%
EPS Q2Q%34.84%
Revenue 1Y (TTM)16.26%
Revenue growth 3Y26.64%
Revenue growth 5Y20.21%
Sales Q2Q%19.31%

3.2 Future

  • Based on estimates for the next years, HEI will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.60% on average per year.
  • HEI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.46% yearly.
EPS Next Y13.99%
EPS Next 2Y13.4%
EPS Next 3Y13.35%
EPS Next 5Y18.6%
Revenue Next Year11.83%
Revenue Next 2Y10.03%
Revenue Next 3Y9.04%
Revenue Next 5Y10.46%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
HEI Yearly Revenue VS EstimatesHEI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B
HEI Yearly EPS VS EstimatesHEI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 65.76, HEI can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of HEI is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 27.93. HEI is valued rather expensively when compared to this.
  • The Price/Forward Earnings ratio is 57.63, which means the current valuation is very expensive for HEI.
  • HEI's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of HEI to the average of the S&P500 Index (27.77), we can say HEI is valued expensively.
Industry RankSector Rank
PE 65.76
Fwd PE 57.63
HEI Price Earnings VS Forward Price EarningsHEI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • HEI's Enterprise Value to EBITDA is on the same level as the industry average.
  • 64.38% of the companies in the same industry are more expensive than HEI, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 52.18
EV/EBITDA 39.03
HEI Per share dataHEI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates HEI does not grow enough to justify the current Price/Earnings ratio.
  • HEI has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as HEI's earnings are expected to grow with 13.35% in the coming years.
PEG (NY)4.7
PEG (5Y)3.98
EPS Next 2Y13.4%
EPS Next 3Y13.35%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.07%, HEI is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.36, HEI pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.81, HEI's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.07%

5.2 History

  • On average, the dividend of HEI grows each year by 7.53%, which is quite nice.
  • HEI has been paying a dividend for at least 10 years, so it has a reliable track record.
  • HEI has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)7.53%
Div Incr Years7
Div Non Decr Years7
HEI Yearly Dividends per shareHEI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.05 0.1 0.15 0.2

5.3 Sustainability

  • HEI pays out 4.63% of its income as dividend. This is a sustainable payout ratio.
  • HEI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP4.63%
EPS Next 2Y13.4%
EPS Next 3Y13.35%
HEI Yearly Income VS Free CF VS DividendHEI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
HEI Dividend Payout.HEI Dividend Payout, showing the Payout Ratio.HEI Dividend Payout.PayoutRetained Earnings

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HEICO CORP

NYSE:HEI (2/9/2026, 1:18:45 PM)

322.87

-3.8 (-1.16%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)12-22
Earnings (Next)03-02
Inst Owners73%
Inst Owner Change2.05%
Ins Owners15.5%
Ins Owner Change3.5%
Market Cap44.95B
Revenue(TTM)4.49B
Net Income(TTM)690.38M
Analysts79.2
Price Target379.94 (17.68%)
Short Float %5.59%
Short Ratio5.32
Dividend
Industry RankSector Rank
Dividend Yield 0.07%
Yearly Dividend0.23
Dividend Growth(5Y)7.53%
DP4.63%
Div Incr Years7
Div Non Decr Years7
Ex-Date01-05
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.72%
Min EPS beat(2)5.63%
Max EPS beat(2)9.81%
EPS beat(4)4
Avg EPS beat(4)12.08%
Min EPS beat(4)5.63%
Max EPS beat(4)25.49%
EPS beat(8)7
Avg EPS beat(8)8.74%
EPS beat(12)10
Avg EPS beat(12)6.64%
EPS beat(16)13
Avg EPS beat(16)4.65%
Revenue beat(2)2
Avg Revenue beat(2)0.93%
Min Revenue beat(2)0.03%
Max Revenue beat(2)1.83%
Revenue beat(4)4
Avg Revenue beat(4)2.07%
Min Revenue beat(4)0.03%
Max Revenue beat(4)4.12%
Revenue beat(8)4
Avg Revenue beat(8)0.37%
Revenue beat(12)8
Avg Revenue beat(12)1.21%
Revenue beat(16)11
Avg Revenue beat(16)0.94%
PT rev (1m)3.88%
PT rev (3m)7.16%
EPS NQ rev (1m)0.64%
EPS NQ rev (3m)3.14%
EPS NY rev (1m)2.31%
EPS NY rev (3m)3.74%
Revenue NQ rev (1m)0.34%
Revenue NQ rev (3m)1.46%
Revenue NY rev (1m)1.82%
Revenue NY rev (3m)2.38%
Valuation
Industry RankSector Rank
PE 65.76
Fwd PE 57.63
P/S 10.02
P/FCF 52.18
P/OCF 48.11
P/B 10.44
P/tB N/A
EV/EBITDA 39.03
EPS(TTM)4.91
EY1.52%
EPS(NY)5.6
Fwd EY1.74%
FCF(TTM)6.19
FCFY1.92%
OCF(TTM)6.71
OCFY2.08%
SpS32.22
BVpS30.93
TBVpS-5.95
PEG (NY)4.7
PEG (5Y)3.98
Graham Number58.45
Profitability
Industry RankSector Rank
ROA 8.12%
ROE 16.04%
ROCE 13.29%
ROIC 11.03%
ROICexc 11.35%
ROICexgc 36.48%
OM 22.72%
PM (TTM) 15.39%
GM 39.83%
FCFM 19.21%
ROA(3y)6.83%
ROA(5y)7.56%
ROE(3y)14.33%
ROE(5y)13.99%
ROIC(3y)9.64%
ROIC(5y)10.07%
ROICexc(3y)9.9%
ROICexc(5y)10.38%
ROICexgc(3y)33.39%
ROICexgc(5y)33.47%
ROCE(3y)11.62%
ROCE(5y)12.13%
ROICexgc growth 3Y-0.02%
ROICexgc growth 5Y1.82%
ROICexc growth 3Y-0.9%
ROICexc growth 5Y1.04%
OM growth 3Y0.33%
OM growth 5Y1.51%
PM growth 3Y-1.13%
PM growth 5Y-2.61%
GM growth 3Y0.65%
GM growth 5Y0.86%
F-Score8
Asset Turnover0.53
Health
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 2.52
Debt/EBITDA 1.78
Cap/Depr 37.17%
Cap/Sales 1.63%
Interest Coverage 7.9
Cash Conversion 76.89%
Profit Quality 124.77%
Current Ratio 2.83
Quick Ratio 1.28
Altman-Z 8.24
F-Score8
WACC9.89%
ROIC/WACC1.11
Cap/Depr(3y)36.14%
Cap/Depr(5y)36.1%
Cap/Sales(3y)1.6%
Cap/Sales(5y)1.64%
Profit Quality(3y)114.39%
Profit Quality(5y)120.24%
High Growth Momentum
Growth
EPS 1Y (TTM)34.29%
EPS 3Y24.45%
EPS 5Y16.5%
EPS Q2Q%34.84%
EPS Next Y13.99%
EPS Next 2Y13.4%
EPS Next 3Y13.35%
EPS Next 5Y18.6%
Revenue 1Y (TTM)16.26%
Revenue growth 3Y26.64%
Revenue growth 5Y20.21%
Sales Q2Q%19.31%
Revenue Next Year11.83%
Revenue Next 2Y10.03%
Revenue Next 3Y9.04%
Revenue Next 5Y10.46%
EBIT growth 1Y22.48%
EBIT growth 3Y27.05%
EBIT growth 5Y22.02%
EBIT Next Year35.03%
EBIT Next 3Y17.1%
EBIT Next 5Y19.29%
FCF growth 1Y40.27%
FCF growth 3Y25.49%
FCF growth 5Y17.4%
OCF growth 1Y38.95%
OCF growth 3Y25.93%
OCF growth 5Y17.96%

HEICO CORP / HEI FAQ

What is the ChartMill fundamental rating of HEICO CORP (HEI) stock?

ChartMill assigns a fundamental rating of 7 / 10 to HEI.


Can you provide the valuation status for HEICO CORP?

ChartMill assigns a valuation rating of 3 / 10 to HEICO CORP (HEI). This can be considered as Overvalued.


Can you provide the profitability details for HEICO CORP?

HEICO CORP (HEI) has a profitability rating of 8 / 10.


Can you provide the financial health for HEI stock?

The financial health rating of HEICO CORP (HEI) is 6 / 10.


What is the earnings growth outlook for HEICO CORP?

The Earnings per Share (EPS) of HEICO CORP (HEI) is expected to grow by 13.99% in the next year.