HEICO Corporation (HEI) Income Statement Analysis

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Complete financial analysis of HEICO Corporation (HEI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of HEICO Corporation, a leading company in the Aerospace & Defense industry within the Industrials sector.

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HEICO Corporation (HEI)

Industry: Aerospace & Defense

Sector: Industrials

Website: https://www.heico.com

About HEICO Corporation

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components. This segment also distributes hydraulic, pneumatic, structural, interconnect, mechanical, and electro-mechanical components for the commercial, regional, and general aviation markets; and offers repair and overhaul services for jet engine and aircraft component parts, avionics, instruments, composites, and flight surfaces of commercial aircraft, as well as for avionics and navigation systems, subcomponents, and other instruments utilized on military aircraft. Its Electronic Technologies Group segment provides electro-optical infrared simulation and test equipment; electro-optical laser products; electro-optical, microwave, and other power equipment; electromagnetic and RFI shielding and suppression filters; high-speed interface products; high voltage interconnection devices; high voltage advanced power electronics; power conversion products; and underwater locator beacons and emergency locator transmission beacons. This segment also offers traveling wave tube amplifiers and microwave power modules; three-dimensional microelectronic and stacked memory products; harsh environment connectivity products and custom molded cable assemblies; 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. The company serves customers primarily in the aviation, defense, space, medical, telecommunications, and electronics industries. HEICO Corporation was incorporated in 1957 and is headquartered in Hollywood, Florida.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Revenue	3.86B	2.97B	2.21B	1.87B	1.79B	2.06B	1.78B	1.52B	1.38B	1.19B	1.13B	1.01B	897.35M	764.89M	617.02M	538.30M	582.35M	507.92M	392.19M	269.65M	215.74M	176.45M	172.11M	171.26M	202.91M	141.30M	95.40M	63.70M	34.60M	40.40M	32.40M	25.90M	21.70M	25.40M	26.20M	26.50M	43.20M	46.90M	47.30M	32.30M
Cost of Revenue	2.36B	1.81B	1.35B	1.14B	1.10B	1.24B	1.09B	950.09M	860.77M	754.47M	734.00M	637.58M	569.91M	490.45M	394.67M	357.29M	371.85M	330.47M	249.68M	168.65M	139.93M	118.35M	110.61M	100.11M	117.32M	77.60M	56.40M	41.40M	20.30M	25.30M	20.70M	16.30M	12.80M	15.00M	17.40M	14.80M	26.80M	24.60M	25.00M	18.40M
Gross Profit	1.50B	1.15B	862.76M	727.42M	682.13M	813.84M	690.72M	574.73M	515.49M	434.18M	398.31M	371.18M	327.44M	274.44M	222.35M	181.01M	210.50M	177.46M	142.51M	101.00M	75.81M	58.10M	61.50M	71.15M	85.59M	63.70M	39.00M	22.30M	14.30M	15.10M	11.70M	9.60M	8.90M	10.40M	8.80M	11.70M	16.40M	22.30M	22.30M	13.90M
Gross Profit Ratio	38.93%	38.86%	39.07%	38.99%	38.17%	39.59%	38.85%	37.69%	37.46%	36.53%	35.18%	36.80%	36.49%	35.88%	36.04%	33.63%	36.15%	34.94%	36.34%	37.45%	35.14%	32.93%	35.73%	41.54%	42.18%	45.08%	40.88%	35.01%	41.33%	37.38%	36.11%	37.07%	41.01%	40.94%	33.59%	44.15%	37.96%	47.55%	47.15%	43.03%
Research & Development	0.00	95.77M	76.06M	68.88M	65.56M	66.63M	57.45M	46.47M	44.73M	38.75M	37.38M	32.90M	30.40M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	314.47M	268.07M	250.15M	204.52M	194.92M	187.59M	164.14M	136.01M	113.17M	92.76M	104.71M	91.44M	75.65M	56.35M	43.19M	34.90M	39.10M	39.58M	36.58M	24.70M	17.10M	11.50M	7.70M	8.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	677.27M	516.29M	365.92M	334.52M	305.48M	356.74M	314.47M	268.07M	250.15M	204.52M	194.92M	187.59M	164.14M	136.01M	113.17M	92.76M	104.71M	91.44M	75.65M	56.35M	43.19M	34.90M	39.10M	39.58M	36.58M	24.70M	17.10M	11.50M	7.70M	8.00M	7.30M	7.50M	6.50M	6.20M	5.20M	5.30M	11.00M	8.70M	8.60M	7.10M
Other Expenses	0.00	-83.92M	565.00K	1.44M	1.37M	2.44M	-58.00K	1.09M	-23.00K	-66.00K	625.00K	888.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	577.00K	9.78M	6.10M	2.80M	1.60M	2.10M	2.60M	2.00M	1.60M	1.90M	1.80M	1.80M	2.40M	1.90M	1.60M	1.20M	900.00K
Operating Expenses	677.27M	528.15M	365.92M	334.52M	305.48M	356.74M	314.47M	268.07M	250.15M	204.52M	194.92M	187.59M	164.14M	136.01M	113.17M	92.76M	104.71M	91.44M	75.65M	56.35M	43.19M	34.90M	39.10M	40.16M	46.35M	30.80M	19.90M	13.10M	9.80M	10.60M	9.30M	9.10M	8.40M	8.00M	7.00M	7.70M	12.90M	10.30M	9.80M	8.00M
Cost & Expenses	3.03B	2.34B	1.71B	1.47B	1.41B	1.60B	1.40B	1.22B	1.11B	958.99M	928.92M	825.17M	734.05M	626.46M	507.85M	450.04M	476.56M	421.91M	325.32M	225.00M	183.13M	153.25M	149.71M	140.27M	163.67M	108.40M	76.30M	54.50M	30.10M	35.90M	30.00M	25.40M	21.20M	23.00M	24.40M	22.50M	39.70M	34.90M	34.80M	26.40M
Interest Income	0.00	0.00	6.39M	7.29M	13.16M	21.70M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	149.31M	72.98M	6.39M	7.29M	13.16M	21.70M	19.90M	9.79M	8.27M	4.63M	5.44M	3.72M	2.43M	142.00K	508.00K	615.00K	2.31M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	0.00	128.50M	95.30M	91.90M	87.70M	82.60M	76.10M	64.10M	59.70M	47.84M	48.38M	37.68M	30.66M	18.54M	17.60M	14.97M	15.05M	12.17M	10.57M	7.41M	1.78M	5.08M	3.30M	11.17M	9.78M	5.20M	700.00K	-100.00K	2.10M	2.30M	2.00M	1.60M	1.90M	1.80M	1.80M	3.70M	1.90M	1.60M	600.00K	300.00K
EBITDA	824.46M	756.77M	592.71M	486.24M	465.71M	542.14M	452.29M	372.58M	325.02M	276.79M	251.21M	220.68M	194.26M	156.76M	126.88M	103.15M	120.20M	98.18M	77.43M	52.06M	34.40M	28.29M	25.70M	42.16M	49.01M	38.10M	19.80M	9.10M	6.60M	6.80M	4.40M	2.10M	2.40M	4.20M	3.60M	7.70M	5.40M	13.60M	13.10M	6.20M
EBITDA Ratio	21.37%	25.50%	26.89%	26.12%	26.11%	26.42%	25.50%	24.43%	23.66%	23.35%	22.24%	21.93%	21.61%	20.52%	20.55%	19.18%	20.75%	19.33%	19.74%	19.31%	15.94%	16.03%	14.93%	24.62%	16.28%	26.96%	20.75%	14.29%	15.90%	16.83%	13.58%	5.79%	18.43%	12.99%	9.92%	29.06%	10.65%	25.59%	27.70%	19.20%
Operating Income	824.46M	625.34M	496.84M	392.90M	376.65M	457.10M	376.25M	306.66M	265.35M	229.66M	203.39M	183.59M	163.29M	138.43M	109.17M	88.26M	105.79M	86.01M	66.87M	44.65M	32.62M	23.21M	22.40M	30.99M	39.24M	32.90M	19.10M	9.20M	4.50M	4.50M	2.40M	500.00K	500.00K	2.40M	1.80M	4.00M	3.50M	12.00M	12.50M	5.90M
Operating Income Ratio	21.37%	21.07%	22.50%	21.06%	21.08%	22.24%	21.16%	20.11%	19.28%	19.32%	17.96%	18.20%	18.20%	18.10%	17.69%	16.40%	18.17%	16.93%	17.05%	16.56%	15.12%	13.15%	13.01%	18.10%	19.34%	23.28%	20.02%	14.44%	13.01%	11.14%	7.41%	1.93%	2.30%	9.45%	6.87%	15.09%	8.10%	25.59%	26.43%	18.27%
Total Other Income/Expenses	-191.85M	-70.06M	-5.82M	-5.84M	-11.79M	-19.26M	-19.96M	-8.70M	-8.30M	-4.69M	-4.82M	-2.83M	-2.12M	-78.00K	-118.00K	-410.00K	-2.95M	-3.20M	-2.88M	-608.00K	3.94M	-1.10M	-921.00K	-3.68M	8.01M	-5.00M	-1.70M	1.10M	900.00K	-100.00K	-200.00K	100.00K	-1.70M	700.00K	900.00K	-1.50M	200.00K	800.00K	-600.00K	-900.00K
Income Before Tax	632.61M	555.28M	491.02M	387.06M	364.86M	437.84M	356.29M	297.96M	257.05M	224.96M	198.57M	180.76M	161.18M	138.35M	109.06M	87.85M	102.84M	82.82M	63.98M	44.04M	36.56M	22.11M	21.48M	27.31M	47.25M	27.90M	17.40M	10.30M	5.40M	4.40M	2.20M	600.00K	-1.20M	3.10M	2.70M	2.50M	3.70M	12.80M	11.90M	5.00M
Income Before Tax Ratio	16.40%	18.71%	22.24%	20.75%	20.42%	21.30%	20.04%	19.54%	18.68%	18.93%	17.54%	17.92%	17.96%	18.09%	17.67%	16.32%	17.66%	16.30%	16.31%	16.33%	16.94%	12.53%	12.48%	15.95%	23.29%	19.75%	18.24%	16.17%	15.61%	10.89%	6.79%	2.32%	-5.53%	12.20%	10.31%	9.43%	8.56%	27.29%	25.16%	15.48%
Income Tax Expense	118.50M	110.90M	100.40M	57.30M	29.00M	78.10M	70.60M	90.30M	80.90M	71.40M	59.80M	56.20M	54.50M	42.90M	36.70M	28.00M	35.45M	27.53M	20.90M	16.10M	10.95M	7.87M	4.93M	11.48M	19.51M	11.60M	6.90M	3.30M	1.70M	1.70M	700.00K	100.00K	-600.00K	700.00K	700.00K	800.00K	1.20M	5.20M	5.60M	2.30M
Net Income	514.11M	403.60M	351.68M	304.22M	313.98M	327.90M	259.23M	185.99M	156.19M	133.36M	121.29M	102.40M	85.15M	72.82M	54.94M	59.85M	67.39M	55.29M	43.08M	22.81M	20.63M	12.22M	15.23M	15.83M	26.32M	16.30M	10.50M	7.00M	3.70M	2.70M	1.50M	500.00K	-600.00K	2.40M	2.00M	1.70M	2.50M	7.60M	6.30M	2.70M
Net Income Ratio	13.33%	13.60%	15.92%	16.31%	17.57%	15.95%	14.58%	12.20%	11.35%	11.22%	10.71%	10.15%	9.49%	9.52%	8.90%	11.12%	11.57%	10.88%	10.99%	8.46%	9.56%	6.93%	8.85%	9.25%	12.97%	11.54%	11.01%	10.99%	10.69%	6.68%	4.63%	1.93%	-2.76%	9.45%	7.63%	6.42%	5.79%	16.20%	13.32%	8.36%
EPS	3.71	2.94	2.59	2.25	2.33	2.45	1.96	1.41	1.19	1.02	0.93	0.79	0.66	0.57	0.44	0.48	0.54	0.45	0.36	0.20	0.18	0.11	0.13	0.15	0.26	0.19	0.15	0.09	0.13	0.16	0.02	0.01	-0.01	0.03	0.03	0.01	0.02	0.08	0.08	0.04
EPS Diluted	3.67	2.91	2.55	2.21	2.29	2.39	1.90	1.37	1.17	1.01	0.92	0.78	0.66	0.56	0.42	0.46	0.52	0.43	0.34	0.18	0.17	0.10	0.12	0.14	0.23	0.16	0.12	0.08	0.13	0.16	0.02	0.01	-0.01	0.03	0.03	0.01	0.02	0.08	0.08	0.04
Weighted Avg Shares Out	138.46M	137.19M	136.01M	135.33M	134.75M	133.64M	132.54M	131.70M	130.95M	130.35M	129.81M	129.49M	128.64M	127.05M	125.25M	124.95M	125.45M	122.62M	119.61M	116.64M	114.62M	110.80M	120.66M	104.51M	100.26M	85.51M	72.12M	31.88M	27.67M	16.86M	70.96M	79.36M	63.49M	80.19M	79.47M	120.35M	105.81M	98.47M	83.33M	74.53M
Weighted Avg Shares Out (Dil)	140.20M	138.91M	138.04M	137.85M	137.30M	137.35M	136.70M	135.59M	133.14M	132.44M	131.74M	130.82M	130.12M	129.70M	128.83M	128.86M	129.91M	128.42M	126.83M	125.52M	122.81M	128.67M	129.73M	117.00M	114.91M	101.80M	89.67M	31.88M	27.67M	70.96M	75.39M	79.36M	63.49M	80.19M	79.47M	120.35M	105.81M	98.47M	83.33M	74.53M

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