HEI-A Stock Analysis: HEICO | NYSE
Aerospace & Defense | NYSE, USA | Market Cap: 35.972m USD | 12M Return: 3.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 94.7M
EPS Trend: 99.4%
Qual. Beats: 6
Rev. Trend: 97.5%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
HEICO Corporation (NYSE: HEI-A) is a U.S.-based aerospace and defense company headquartered in Hollywood, Florida, operating through two main segments: the Flight Support Group and the Electronic Technologies Group. The Flight Support Group supplies FAA-approved replacement parts, thermal insulation products, and distributes hydraulic, pneumatic, structural, and electro-mechanical components, while also providing repair and overhaul (MRO) services for jet engines, avionics, instruments, and military and commercial aircraft systems. The Electronic Technologies Group produces a broad portfolio of defense and commercial electronics, including electro-optical/infrared simulation and test equipment, RF and microwave components, power electronics, traveling wave tube amplifiers, specialty semiconductors, antennas, nuclear radiation detectors, and underwater locator beacons, serving military and aerospace customers in the U.S. and internationally.
HEICO runs a decentralized holding company structure, allowing its subsidiaries to retain operational autonomy while benefiting from group-level capital allocation, a model common among large aerospace and defense suppliers. The company competes primarily in the aerospace aftermarket - particularly through its proprietary Parts Manufacturer Approval (PMA) parts business - and in defense electronics, both of which are characterized by long product lifecycles, high regulatory barriers to entry, and demand tied to global commercial aviation fleet utilization and U.S. defense spending.
- Commercial aviation aftermarket recovery boosts Flight Support segment revenue
- Defense electronics demand rises on elevated government spending
- Bolt-on acquisitions drive margin expansion and product portfolio growth
| Net Income: 789.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 0.24 > 1.0 |
| NWC/Revenue: 35.28% < 20% (prev 39.15%; Δ -3.87% < -1%) |
| CFO/TA 0.10 > 3% & CFO 997.1m > Net Income 789.6m |
| Net Debt (2.40b) to EBITDA (1.37b): 1.76 < 3 |
| Current Ratio: 2.92 > 1.5 & < 3 |
| Outstanding Shares: last quarter (141.0m) vs 12m ago 0.32% < -2% |
| Gross Margin: 40.06% > 18% (prev 42.12%; Δ -2.06% > 0.5%) |
| Asset Turnover: 55.54% > 50% (prev 51.09%; Δ 4.46% > 0%) |
| Interest Coverage Ratio: 9.04 > 6 (EBIT TTM 1.16b / Interest Expense TTM 128.2m) |
| A: 0.18 (Total Current Assets 2.64b - Total Current Liabilities 903.6m) / Total Assets 9.59b |
| B: 0.42 (Retained Earnings 4.03b / Total Assets 9.59b) |
| C: 0.13 (EBIT TTM 1.16b / Avg Total Assets 8.84b) |
| D: 1.14 (Book Value of Equity 4.77b / Total Liabilities 4.20b) |
| Altman-Z'' = 4.63 = AA |
| DSRI: 1.02 (Receivables 866.5m/716.1m, Revenue 4.91b/4.13b) |
| GMI: 1.05 (GM 42.12% / 40.06%) |
| AQI: 1.01 (AQ_t 0.68 / AQ_t-1 0.67) |
| SGI: 1.19 (Revenue 4.91b / 4.13b) |
| TATA: -0.02 (NI 789.6m - CFO 997.1m) / TA 9.59b) |
| Beneish M = -2.83 (Cap -4..+1) = A |
As of July 10, 2026, the stock is trading at USD 253.27 with a total of 104,720 shares traded. Over the past week, the price has changed by -3.20%, over one month by +4.78%, over three months by +13.39% and over the past year by +3.05%.
Current recommended Stop Loss: 242.00 (which is 4.4% or 1.3 ATR below the current price).
HEICO has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold HEI-A.
- StrongBuy: 0
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 320 | 26.3% |
P/E Trailing = 46.9162
P/E Forward = 37.7358
P/S = 7.3243
P/B = 7.6589
P/EG = 2.0245
Revenue TTM = 4.91b USD
EBIT TTM = 1.16b USD
EBITDA TTM = 1.37b USD
Long Term Debt = 2.58b USD (from longTermDebt, last quarter)
Short Term Debt = 3.40m USD (from shortTermDebt, last quarter)
Debt = 2.61b USD (from shortLongTermDebtTotal, last quarter) + Leases 25.7m
Net Debt = 2.40b USD (calculated: Debt 2.61b - CCE 210.3m)
Enterprise Value = 38.4b USD (36.0b + Debt 2.61b - CCE 210.3m)
Interest Coverage Ratio = 9.04 (Ebit TTM 1.16b / Interest Expense TTM 128.2m)
EV/FCF = 41.44x (Enterprise Value 38.4b / FCF TTM 926.0m)
FCF Yield = 2.41% (FCF TTM 926.0m / Enterprise Value 38.4b)
FCF Margin = 18.85% (FCF TTM 926.0m / Revenue TTM 4.91b)
Net Margin = 16.08% (Net Income TTM 789.6m / Revenue TTM 4.91b)
Gross Margin = 40.06% ((Revenue TTM 4.91b - Cost of Revenue TTM 2.94b) / Revenue TTM)
Gross Margin QoQ = 41.40% (prev 38.60%)
Tobins Q-Ratio = 4.00 (Enterprise Value 38.4b / Total Assets 9.59b)
Interest Expense / Debt = 4.91% (Interest Expense 128.2m / Debt 2.61b)
Taxrate = 17.72% (182.8m / 1.03b)
NOPAT = 954.0m (EBIT 1.16b * (1 - 17.72%))
Current Ratio = 2.92 (Total Current Assets 2.64b / Total Current Liabilities 903.6m)
Debt / Equity = 0.55 (Debt 2.61b / totalStockholderEquity, last quarter 4.77b)
Debt / EBITDA = 1.76 (Net Debt 2.40b / EBITDA 1.37b)
Debt / FCF = 2.59 (Net Debt 2.40b / FCF TTM 926.0m)
Total Stockholder Equity = 4.43b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.93% (Net Income 789.6m / Total Assets 9.59b)
RoE = 17.82% (Net Income TTM 789.6m / Total Stockholder Equity 4.43b)
RoCE = 16.53% (EBIT 1.16b / Capital Employed (Equity 4.43b + L.T.Debt 2.58b))
RoIC = 11.25% (NOPAT 954.0m / Invested Capital 8.48b)
WACC = 8.69% (E(36.0b)/V(38.6b) * Re(9.03%) + D(2.61b)/V(38.6b) * Rd(4.91%) * (1-Tc(0.18)))
Discount Rate = 9.03% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.67 | Cagr: 0.37%
[DCF] Terminal Value 76.87% ; FCFF base≈860.4m ; Y1≈986.3m ; Y5≈1.45b
[DCF] Fair Price = 215.5 (EV 20.6b - Net Debt 2.40b = Equity 18.2b / Shares 84.5m; r=8.69% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 99.37 | EPS CAGR: 28.44% | SUE: 4.0 | # QB: 6
Revenue Correlation: 97.49 | Revenue CAGR: 22.32% | SUE: 4.0 | # QB: 1
EPS current Quarter (2026-07-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-10-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=+17.2%
EPS next Year (2027-10-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=+9.7%