Heico $HEI Read from its own SEC filings · nothing written, nothing inferred
🫧 Edgar looked up HEICO CORPORATION ($HEI). Last filing: 10-Q, 2026-08-27. 9 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $4.5B (FY2025), total debt $2.2B. Experience: revenue up 16.3% on the year, up 24.5% a year over 4 years; operating margin 22.7%, up from 21.4%. Soundness: equity 50.6% of assets, return on equity 17.3%, payout 4.3% of profit, dividend per share up 9 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $4.8B and $6.0B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $4.4B to $6.5B. A statistical range, not company guidance. Against peers (17 filers, $50M+ revenue, its industry group): operating margin 22.7% against a 8.9% median; growth 16.3% against 9.7%.
Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.
Speed and cash · fiscal 2025
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | $934M · −$732M · −$151M · $861M |
| Investment book (cash · short · long) | $218M · — · — · current ratio 2.83 |
| Revenue swing · equity of assets | 7.1% · 49.8% |
Heico is growing faster than its size class, with steadier revenue. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2025-10-31 |
| Revenue | $4.5B |
| Revenue, on the year | 16.3% |
| Revenue, a year over the record | 24.5% |
| Operating margin | 22.7% |
| Operating margin, prior year | 21.4% |
| Net margin | 16.6% |
| Research and development | $121M · 2.7% of revenue |
| Total debt | $2.2B |
| Equity of assets | 50.6% |
| Return on equity | 17.3% |
| Payout of profit | 4.3% |
| Dividend per share | $0.23 · up 9 years running |
| Earnings per share | $4.97 |
| Book value per share | $30.58 |
| Revenue per share | $31.86 |
| Shares outstanding | 140,771,000 |
| Audited years read | 5 |
Peers: the median of 17 filers with $50M+ revenue in aircraft engines & engine parts.
Health HarborHeico sails as: New ship
Health watch · 12 monthsDirector or officer change ×2
Sailing speed follows growth: 26.6% a year crosses the harbor in 30 seconds.
No warning signs on the measures below.
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 10-Q · 2026-08-27
- 8-K · 2026-08-25 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits
- 8-K · 2026-07-16 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits
- 8-K · 2026-06-17 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits
- 10-Q · 2026-05-29
- 8-K · 2026-05-27 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company