Full history for every metric is available with a Kvantra account
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 1,787 | 1,866 | 2,208 | 2,968 | 3,858 | 4,485 | 5,177 | 5,408 |
| Operating profit | $m | 1,019 | 1,245 | ||||||
| Net profit | $m | 314 | 304 | 352 | 404 | 514 | 690 | 848 | 892 |
| EPS reported | $ | 4.90 | 6.00 | ||||||
| Operating cashflow per share | $ | 6.72 | 7.95 | ||||||
| Capex per share | $ | 0.52 | 0.58 | ||||||
| FCF per share | $ | 6.19 | 7.37 | ||||||
| Free cash flow | $m | 861 | 1,030 | ||||||
| Net debt | $m | 1,950 | 2,300 | ||||||
| Book value equity | $m | 4,305 | 4,948 | ||||||
| Book value per share | $ | 30.58 | 35.02 | ||||||
| Number of shares | m | 140.77 | 141.27 | ||||||
| DPS (TTM paid) | $ | 0.24 | 0.25 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 50.56 | 37.69 | ||||||
| P/B LTM | x | 10.26 | 8.59 | ||||||
| P/S LTM | x | 9.85 | 8.21 | ||||||
| P/FCF LTM | x | 51.30 | 41.25 | ||||||
| EV/EBITDA LTM | x | 37.85 | 30.54 | ||||||
| EV/Sales LTM | x | 10.29 | 8.65 | ||||||
| Earnings Yield LTM | % | 1.98% | 2.65% | ||||||
| FCF Yield | % | 1.95% | 2.42% | ||||||
| Quality | |||||||||
| ROE | % | 16.04% | 18.30% | ||||||
| ROIC | % | 11.05% | 11.37% | ||||||
| Operating margin | % | 22.72% | 24.04% | ||||||
| Gross margin | % | 39.83% | 40.40% | ||||||
| FCF/Sales | % | 19.21% | 19.90% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +33.51% | +31.29% | ||||||
| Sales Growth YoY | % | +16.26% | +20.69% | ||||||
| Net Income Growth YoY | % | +34.29% | +32.09% | ||||||
| FCF Growth | % | +40.27% | +31.68% | ||||||
| Operating Profit Growth | % | +22.14% | +26.13% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.07% | 0.11% | ||||||
| Dividend Growth | % | +9.09% | +8.70% | ||||||
| Payout Ratio | % | 4.63% | 4.12% | ||||||
| FCF/Debt | x | 0.39 | 0.41 | ||||||
| Net Debt/EBITDA | x | 1.62 | 1.57 | ||||||
| EBIT/Net interest | x | 7.85 | 9.40 | ||||||
| Net debt/market cap | % | 4.41% | 5.41% | ||||||
| Net debt/Equity | x | 0.45 | 0.46 | ||||||
| Gross debt/equity | x | 0.51 | 0.51 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
HEICO Corporation operates as a diversified enterprise, involved in the design, manufacturing, and global distribution of specialized products and services primarily for the aerospace, defense, and electronics sectors. Its activities span both domestic and international markets. The company's Flight Support Group division delivers a range of essential components and services. This encompasses producing replacement parts for jet engines and aircraft, as well as fabricating thermal insulation blankets, advanced renewable insulation systems, and various specialty components. The segment also functions as a distributor for critical hydraulic, pneumatic, structural, interconnect, mechanical, and electro-mechanical parts, serving commercial, regional, and general aviation clients. A significant aspect of its operations involves extensive repair and overhaul services for jet engine and aircraft components, avionics, instruments, composites, and flight surfaces on commercial aircraft, alongside maintaining avionics, navigation systems, and other vital instruments utilized in military aircraft. Within its Electronic Technologies Group segment, HEICO develops and supplies advanced technological products. This broad portfolio features electro-optical infrared simulation and testing equipment, electro-optical laser products, and diverse power equipment, including microwave solutions. The segment additionally produces electromagnetic and radio frequency interference (RFI) shielding and suppression filters, high-speed interface products, high voltage interconnection devices, sophisticated advanced power electronics, and power conversion units. Essential safety devices such as underwater and emergency locator transmission beacons are also manufactured. Further specialized electronic offerings include traveling wave tube amplifiers, microwave power modules, three-dimensional microelectronic and stacked memory products, robust connectivity solutions designed for harsh environments, and custom molded cable assemblies. Completing its specialized array are radio frequency and microwave amplifiers, transmitters, and receivers; communications and electronic intercept receivers and tuners; self-sealing auxiliary fuel systems; active antenna systems; and nuclear radiation detectors. HEICO's varied client base predominantly includes entities within the aviation, defense, space, medical, telecommunications, and broader electronics industries. The corporation, founded in 1957, is headquartered in Hollywood, Florida.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
HEICO Corporation operates as a diversified enterprise, involved in the design, manufacturing, and global distribution of specialized products and services primarily for the aerospace, defense, and electronics sectors. Its activities span both domestic and international markets. The company's Flight Support Group division delivers a range of essential components and services. This encompasses producing replacement parts for jet engines and aircraft, as well as fabricating thermal insulation blankets, advanced renewable insulation systems, and various specialty components. The segment also functions as a distributor for critical hydraulic, pneumatic, structural, interconnect, mechanical, and electro-mechanical parts, serving commercial, regional, and general aviation clients. A significant aspect of its operations involves extensive repair and overhaul services for jet engine and aircraft components, avionics, instruments, composites, and flight surfaces on commercial aircraft, alongside maintaining avionics, navigation systems, and other vital instruments utilized in military aircraft. Within its Electronic Technologies Group segment, HEICO develops and supplies advanced technological products. This broad portfolio features electro-optical infrared simulation and testing equipment, electro-optical laser products, and diverse power equipment, including microwave solutions. The segment additionally produces electromagnetic and radio frequency interference (RFI) shielding and suppression filters, high-speed interface products, high voltage interconnection devices, sophisticated advanced power electronics, and power conversion units. Essential safety devices such as underwater and emergency locator transmission beacons are also manufactured. Further specialized electronic offerings include traveling wave tube amplifiers, microwave power modules, three-dimensional microelectronic and stacked memory products, robust connectivity solutions designed for harsh environments, and custom molded cable assemblies. Completing its specialized array are radio frequency and microwave amplifiers, transmitters, and receivers; communications and electronic intercept receivers and tuners; self-sealing auxiliary fuel systems; active antenna systems; and nuclear radiation detectors. HEICO's varied client base predominantly includes entities within the aviation, defense, space, medical, telecommunications, and broader electronics industries. The corporation, founded in 1957, is headquartered in Hollywood, Florida.
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