{ "ok": true, "cik": "46619", "ticker": "HEI", "name": "HEICO CORPORATION", "filings": [ { "form": "10-Q", "filed": "2026-08-27", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/46619/000004661926000020/0000046619-26-000020-index.htm" }, { "form": "8-K", "filed": "2026-08-25", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/46619/000004661926000018/0000046619-26-000018-index.htm" }, { "form": "8-K", "filed": "2026-07-16", "items": [ "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" ], "url": "https://www.sec.gov/Archives/edgar/data/46619/000121390026078776/0001213900-26-078776-index.htm" }, { "form": "8-K", "filed": "2026-06-17", "items": [ "1.01 Entry into a Material Definitive Agreement", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/46619/000121390026069674/0001213900-26-069674-index.htm" }, { "form": "10-Q", "filed": "2026-05-29", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/46619/000004661926000016/0000046619-26-000016-index.htm" }, { "form": "8-K", "filed": "2026-05-27", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/46619/000004661926000012/0000046619-26-000012-index.htm" } ], "events12m": 9, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2025-12-22", "url": "https://www.sec.gov/Archives/edgar/data/46619/000004661925000080/0000046619-25-000080-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000046619.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=46619" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up HEICO CORPORATION ($HEI). Last filing: 10-Q, 2026-08-27. 9 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-10-31", "revenue": 4485044000, "revenueGrowth1y": 0.1626305937601178, "revenueGrowthPerYear": 0.24518038753996652, "yearsOfData": 5, "operatingMargin": 0.22719910886047048, "operatingMarginPrior": 0.21371843981430236, "netMargin": 0.16623114511251172, "operatingCashFlow": 934266000, "capitalSpending": 72886000, "freeCashFlow": 861380000, "researchAndDevelopment": 120942000, "researchShareOfRevenue": 0.026965621741949466, "cash": 217781000, "longTermDebt": 2167945000, "longTermDebtChange": -0.027554371765347585, "revenueHistory": [ { "fiscalYearEnd": "2021-10-31", "revenue": 1865682000 }, { "fiscalYearEnd": "2022-10-31", "revenue": 2208322000 }, { "fiscalYearEnd": "2023-10-31", "revenue": 2968105000 }, { "fiscalYearEnd": "2024-10-31", "revenue": 3857669000 }, { "fiscalYearEnd": "2025-10-31", "revenue": 4485044000 } ], "totalEquity": 4305319000, "totalAssets": 8500434000, "equityRatio": 0.5064822572588646, "returnOnEquity": 0.1731704433515844, "dividendsPaid": 31968000, "payoutRatio": 0.0428781818620784, "dividendPerShare": 0.23, "dividendYearsRising": 9, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 4.97, "sharesOutstanding": 140771000, "bookValuePerShare": 30.583848946160785, "revenuePerShare": 31.860567872644225, "range80": { "low": 4755251306.284811, "high": 5956715205.913429, "baseline": 5447136242.906406, "n": 4599, "band": "b1", "bandLabel": "$1B–10B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.07058943677356393, "classVolatility": 0.07701947805587882, "volatility": 0.07387444952082207 }, "ifPaceHeld": { "low": 4755251306.284811, "high": 5956715205.913429 } }, "edgarette": "🔖 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%.", "peers": { "sic": 3724, "sicDescription": "Aircraft Engines & Engine Parts", "calendarYear": 2025, "minRevenue": 50000000, "depth": 3, "group": "372", "growth": [ 0.0974, 17 ], "opMargin": [ 0.0886, 17 ], "equityRatio": [ 0.4344, 17 ], "returnOnEquity": [ 0.0454, 15 ] }, "summary": "Heico (HEI) grew revenue 16.3% in FY2025 to $4.5 billion, operating margin 22.7% against a 8.9% median for aircraft engines & engine parts, equity 50.6% of assets, and dividend per share up 9 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
HEICO CORPORATION against its own record and its peers
Operating marginPeer median 8.9%22.7%Revenue, on the yearPeer median 9.7%16.3%Equity of assetsPeer median 43.4%50.6%Return on equityPeer median 4.5%17.3%Payout of profit4.3%Gold tick: the median of 15–17 peers with $50M+ revenue in aircraft engines & engine parts
", "chartHorizon": "
Handed back now, or kept to compound · of each dollar of profit
4.3% paid out95.7% keptHanded back per share$0.23up 9 years runningGrowth its own profit can fund16.6%managed 16.3% last year

Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 14, "hits": 9, "rate": 0.6428571428571429, "method": "v4", "byYear": { "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 0, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 0, 1 ], "2022": [ 0, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T19:39:24.301Z", "hash": "33b4445cd1a29d56", "status": "open" }, "caution": "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.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Heico (HEI) grew revenue 16.3% in FY2025 to $4.5 billion, operating margin 22.7% against a 8.9% median for aircraft engines & engine parts, equity 50.6% of assets, and dividend per share up 9 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-10-31", "revenue": 4485044000, "totalDebt": 2167945000, "cash": 217781000 }, "experience": { "revenueGrowth1y": 0.1626305937601178, "revenueGrowthPerYear": 0.24518038753996652, "operatingMargin": 0.22719910886047048, "operatingMarginPrior": 0.21371843981430236, "netMargin": 0.16623114511251172, "freeCashFlow": 861380000 }, "soundness": { "equityRatio": 0.5064822572588646, "returnOnEquity": 0.1731704433515844, "payoutRatio": 0.0428781818620784, "dividendPerShare": 0.23, "dividendYearsRising": 9, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3724, "sicDescription": "Aircraft Engines & Engine Parts", "calendarYear": 2025, "minRevenue": 50000000, "depth": 3, "group": "372", "growth": [ 0.0974, 17 ], "opMargin": [ 0.0886, 17 ], "equityRatio": [ 0.4344, 17 ], "returnOnEquity": [ 0.0454, 15 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2025-12-22", "url": "https://www.sec.gov/Archives/edgar/data/46619/000004661925000080/0000046619-25-000080-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 4755251306.284811, "high": 5956715205.913429, "baseline": 5447136242.906406, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4599, "sizeBand": "$1B–10B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.07058943677356393, "classVolatility": 0.07701947805587882, "pricedVolatility": 0.07387444952082207, "k": 3 }, "stress": { "low": 4379695518.930432, "high": 6468013142.167765, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 14, "hits": 9, "rate": 0.6428571428571429, "method": "v4", "byYear": { "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 0, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 0, 1 ], "2022": [ 0, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T19:39:24.301Z", "hash": "33b4445cd1a29d56", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "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.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000046619.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=46619" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.2083, "growth3y": 0.2664, "volatility": 0.0706, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.4979, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "now", "inside": "Turns 20.8% of revenue into operating cash; revenue growing 26.6% a year over three years; pays and raised its dividend.", "outside": "Among $1B-10B companies: 67th percentile for cash, 92nd for growth.", "emoji": "🐄", "label": "Cash cow now", "plain": "steady, with strong cash arriving today" }, "band": "$1B-10B", "cashPctInClass": 67, "growthPctInClass": 92, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "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.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-10-31", "operating": 934266000, "investing": -731691000, "financing": -150677000, "capitalSpending": 72886000, "free": 861380000, "trend": [ { "fiscalYearEnd": "2021-10-31", "operating": 444084000, "free": 407901000 }, { "fiscalYearEnd": "2022-10-31", "operating": 467856000, "free": 435874000 }, { "fiscalYearEnd": "2023-10-31", "operating": 448735000, "free": 399301000 }, { "fiscalYearEnd": "2024-10-31", "operating": 672370000, "free": 614109000 }, { "fiscalYearEnd": "2025-10-31", "operating": 934266000, "free": 861380000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-10-31", "cash": 217781000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 8500434000, "ladder": null, "currentRatio": 2.83, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.2083, "growth3y": 0.2664, "volatility": 0.0706, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.4979, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "now", "inside": "Turns 20.8% of revenue into operating cash; revenue growing 26.6% a year over three years; pays and raised its dividend.", "outside": "Among $1B-10B companies: 67th percentile for cash, 92nd for growth.", "emoji": "🐄", "label": "Cash cow now", "plain": "steady, with strong cash arriving today" }, "band": "$1B-10B", "cashPctInClass": 67, "growthPctInClass": 92, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "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.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-10-31", "operating": 934266000, "investing": -731691000, "financing": -150677000, "capitalSpending": 72886000, "free": 861380000, "trend": [ { "fiscalYearEnd": "2021-10-31", "operating": 444084000, "free": 407901000 }, { "fiscalYearEnd": "2022-10-31", "operating": 467856000, "free": 435874000 }, { "fiscalYearEnd": "2023-10-31", "operating": 448735000, "free": 399301000 }, { "fiscalYearEnd": "2024-10-31", "operating": 672370000, "free": 614109000 }, { "fiscalYearEnd": "2025-10-31", "operating": 934266000, "free": 861380000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-10-31", "cash": 217781000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 8500434000, "ladder": null, "currentRatio": 2.83, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }