The Filings Report

HEICO Corporation

HEINYSECIK 46619Industrials / Aerospace & Defensefiscal year ends October69 quarters since 2009

Revenue, Q3 FY2026
$1.4B
+23.1% on Q3 FY2025
Net income
$235M
+32.8% on Q3 FY2025
Free cash flow
$323M
+47.7% on Q3 FY2025
Diluted EPS
$1.67
+32.5% on Q3 FY2025
Revenue, TTM
$5.2B
trailing four quarters
Net margin, TTM
16.4%
net income $848M
Free cash flow, TTM
$1.0B
$1.1B less $81M capex
Cash and equivalents
$241M
long-term debt —, Jul 31, 2026
Shares, 12-month change
—
— shares, Jul 31, 2026
Buybacks, TTM
—
no yield
Dividends, TTM
$35M
no yield
Market value
—
at the close, buybacks

Latest quarter Q3 FY2026, filed August 27, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q3 FY2026, the quarter ended July 31, 2026, HEICO Corporation reported revenue of $1.4B, +23.1% on Q3 FY2025, and net income of $235M (+32.8%). Operating margin was 25.1%. Free cash flow, operating cash flow less capital expenditures, was $323M ($345M less $23M). Diluted earnings per share were $1.67.

The last 16 quarters

Q4 FY2022 to Q3 FY2026, through the filing of August 27, 2026.

Revenue and net incomeRevenueNet income
$0$500M$1.0B$1.5BQ4'22, Revenue: $610MQ4'22, Net income: $97MQ4'22Q1'23, Revenue: $621MQ1'23, Net income: $93MQ1'23Q2'23, Revenue: $688MQ2'23, Net income: $105MQ2'23Q3'23, Revenue: $723MQ3'23, Net income: $102MQ3'23Q4'23, Revenue: $936MQ4'23, Net income: $103MQ4'23Q1'24, Revenue: $896MQ1'24, Net income: $115MQ1'24Q2'24, Revenue: $955MQ2'24, Net income: $123MQ2'24Q3'24, Revenue: $992MQ3'24, Net income: $137MQ3'24Q4'24, Revenue: $1.0BQ4'24, Net income: $140MQ4'24Q1'25, Revenue: $1.0BQ1'25, Net income: $168MQ1'25Q2'25, Revenue: $1.1BQ2'25, Net income: $157MQ2'25Q3'25, Revenue: $1.1BQ3'25, Net income: $177MQ3'25Q4'25, Revenue: $1.2BQ4'25, Net income: $188MQ4'25Q1'26, Revenue: $1.2BQ1'26, Net income: $190MQ1'26Q2'26, Revenue: $1.4BQ2'26, Net income: $234MQ2'26Q3'26, Revenue: $1.4BQ3'26, Net income: $235MQ3'26$0$500M$1.0B$1.5BQ4'22, Revenue: $610MQ4'22, Net income: $97MQ1'23, Revenue: $621MQ1'23, Net income: $93MQ1'23Q2'23, Revenue: $688MQ2'23, Net income: $105MQ3'23, Revenue: $723MQ3'23, Net income: $102MQ3'23Q4'23, Revenue: $936MQ4'23, Net income: $103MQ1'24, Revenue: $896MQ1'24, Net income: $115MQ1'24Q2'24, Revenue: $955MQ2'24, Net income: $123MQ3'24, Revenue: $992MQ3'24, Net income: $137MQ3'24Q4'24, Revenue: $1.0BQ4'24, Net income: $140MQ1'25, Revenue: $1.0BQ1'25, Net income: $168MQ1'25Q2'25, Revenue: $1.1BQ2'25, Net income: $157MQ3'25, Revenue: $1.1BQ3'25, Net income: $177MQ3'25Q4'25, Revenue: $1.2BQ4'25, Net income: $188MQ1'26, Revenue: $1.2BQ1'26, Net income: $190MQ1'26Q2'26, Revenue: $1.4BQ2'26, Net income: $234MQ3'26, Revenue: $1.4BQ3'26, Net income: $235MQ3'26

Net income losses drawn in red.

Free cash flow
$0$100M$200M$300M$400MQ4'22, Free cash flow: $136MQ4'22Q1'23, Free cash flow: $66MQ1'23Q2'23, Free cash flow: $67MQ2'23Q3'23, Free cash flow: $134MQ3'23Q4'23, Free cash flow: $133MQ4'23Q1'24, Free cash flow: $98MQ1'24Q2'24, Free cash flow: $128MQ2'24Q3'24, Free cash flow: $198MQ3'24Q4'24, Free cash flow: $190MQ4'24Q1'25, Free cash flow: $186MQ1'25Q2'25, Free cash flow: $189MQ2'25Q3'25, Free cash flow: $218MQ3'25Q4'25, Free cash flow: $268MQ4'25Q1'26, Free cash flow: $165MQ1'26Q2'26, Free cash flow: $274MQ2'26Q3'26, Free cash flow: $323MQ3'26$0$100M$200M$300M$400MQ4'22, Free cash flow: $136MQ1'23, Free cash flow: $66MQ1'23Q2'23, Free cash flow: $67MQ3'23, Free cash flow: $134MQ3'23Q4'23, Free cash flow: $133MQ1'24, Free cash flow: $98MQ1'24Q2'24, Free cash flow: $128MQ3'24, Free cash flow: $198MQ3'24Q4'24, Free cash flow: $190MQ1'25, Free cash flow: $186MQ1'25Q2'25, Free cash flow: $189MQ3'25, Free cash flow: $218MQ3'25Q4'25, Free cash flow: $268MQ1'26, Free cash flow: $165MQ1'26Q2'26, Free cash flow: $274MQ3'26, Free cash flow: $323MQ3'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$200M$400M$600M$800MQ4'22, Cash and equivalents: $140MQ4'22Q1'23, Cash and equivalents: $143MQ1'23Q2'23, Cash and equivalents: $127MQ2'23Q3'23, Cash and equivalents: $694MQ3'23Q4'23, Cash and equivalents: $171MQ4'23Q1'24, Cash and equivalents: $196MQ1'24Q2'24, Cash and equivalents: $204MQ2'24Q3'24, Cash and equivalents: $203MQ3'24Q4'24, Cash and equivalents: $162MQ4'24Q1'25, Cash and equivalents: $165MQ1'25Q2'25, Cash and equivalents: $242MQ2'25Q3'25, Cash and equivalents: $262MQ3'25Q4'25, Cash and equivalents: $218MQ4'25Q1'26, Cash and equivalents: $261MQ1'26Q2'26, Cash and equivalents: $210MQ2'26Q3'26, Cash and equivalents: $241MQ3'26$0$200M$400M$600M$800MQ4'22, Cash and equivalents: $140MQ1'23, Cash and equivalents: $143MQ1'23Q2'23, Cash and equivalents: $127MQ3'23, Cash and equivalents: $694MQ3'23Q4'23, Cash and equivalents: $171MQ1'24, Cash and equivalents: $196MQ1'24Q2'24, Cash and equivalents: $204MQ3'24, Cash and equivalents: $203MQ3'24Q4'24, Cash and equivalents: $162MQ1'25, Cash and equivalents: $165MQ1'25Q2'25, Cash and equivalents: $242MQ3'25, Cash and equivalents: $262MQ3'25Q4'25, Cash and equivalents: $218MQ1'26, Cash and equivalents: $261MQ1'26Q2'26, Cash and equivalents: $210MQ3'26, Cash and equivalents: $241MQ3'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q3 FY2026 filed August 27, 2026.

HEICO Corporation income statement, quarterly
Millions of dollarsQ3 FY2026ended Jul 31, 2026filed Aug 27, 2026Q2 FY2026ended Apr 30, 2026filed May 29, 2026Q1 FY2026ended Jan 31, 2026filed Feb 27, 2026Q4 FY2025ended Oct 31, 2025filed Dec 22, 2025Q3 FY2025ended Jul 31, 2025filed Aug 27, 2025Q2 FY2025ended Apr 30, 2025filed May 29, 2025Q1 FY2025ended Jan 31, 2025filed Feb 28, 2025Q4 FY2024ended Oct 31, 2024filed Dec 19, 2024YoYQ3 FY2026vs Q3 FY2025
Revenue1,4131,3761,1791,2091,1481,0981,0301,014+23.1%
Cost of revenue832806724724690660625620+20.5%
Gross profit—————————
Research and development3636323332292828+13.1%
Selling, general and administrative226219195207192190179175+17.5%
Operating income355350260279265248227219+34.0%
Other income (expense)11112111−22.7%
Pretax income321318231247235216195184+36.4%
Income tax6667274544451433+49.2%
Net income235234190188177157168140+32.8%
Diluted EPS ($)1.671.661.35—1.261.121.20—+32.5%
Diluted shares (millions)141141141—141141140——

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q3 FY2026 filed August 27, 2026.

HEICO Corporation balance sheet, quarterly
Millions of dollarsQ3 FY2026ended Jul 31, 2026filed Aug 27, 2026Q2 FY2026ended Apr 30, 2026filed May 29, 2026Q1 FY2026ended Jan 31, 2026filed Feb 27, 2026Q4 FY2025ended Oct 31, 2025filed Dec 22, 2025Q3 FY2025ended Jul 31, 2025filed Aug 27, 2025Q2 FY2025ended Apr 30, 2025filed May 29, 2025Q1 FY2025ended Jan 31, 2025filed Feb 28, 2025Q4 FY2024ended Oct 31, 2024filed Dec 19, 2024YoYQ3 FY2026vs Q3 FY2025
Cash and equivalents241210261218262242165162−8.0%
Short-term investments—————————
Total current assets2,7252,6362,4802,3562,3862,2832,1032,062+14.2%
Total assets9,9379,5929,0448,5008,5328,0927,8917,593+16.5%
Total current liabilities1,003904811832711665618664+41.0%
Long-term debt—————————
Total liabilities4,2944,2013,9983,6543,8823,6203,6563,529+10.6%
Stockholders’ equity4,9484,7724,5034,3054,1413,9683,7473,637+19.5%
Shares outstanding (millions)—————————

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q3 FY2026 filed August 27, 2026.

HEICO Corporation cash flow statement, quarterly
Millions of dollarsQ3 FY2026ended Jul 31, 2026filed Aug 27, 2026Q2 FY2026ended Apr 30, 2026filed May 29, 2026Q1 FY2026ended Jan 31, 2026filed Feb 27, 2026Q4 FY2025ended Oct 31, 2025filed Dec 22, 2025Q3 FY2025ended Jul 31, 2025filed Aug 27, 2025Q2 FY2025ended Apr 30, 2025filed May 29, 2025Q1 FY2025ended Jan 31, 2025filed Feb 28, 2025Q4 FY2024ended Oct 31, 2024filed Dec 19, 2024YoYQ3 FY2026vs Q3 FY2025
Operating cash flow345292179295231205203206+49.4%
Capital expenditures2318132713161716+77.1%
Free cash flow (CFO − capex)323274165268218189186190+47.7%
Depreciation and amortization5957515150494645+18.0%
Share repurchases—————————
Dividends paid180170170150+8.8%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed December 22, 2025.

Income statement

HEICO Corporation income statement, annual
Millions of dollarsFY2025ended Oct 31, 2025filed Dec 22, 2025FY2024ended Oct 31, 2024filed Dec 19, 2024FY2023ended Oct 31, 2023filed Dec 20, 2023FY2022ended Oct 31, 2022filed Dec 21, 2022FY2021ended Oct 31, 2021filed Dec 21, 2021FY2020ended Oct 31, 2020filed Dec 23, 2020FY2019ended Oct 31, 2019filed Dec 19, 2019FY2018ended Oct 31, 2018filed Dec 20, 2018FY2017ended Oct 31, 2017filed Dec 21, 2017FY2016ended Oct 31, 2016filed Dec 15, 2016FY2015ended Oct 31, 2015filed Dec 17, 2015FY2014ended Oct 31, 2014filed Dec 18, 2014FY2013ended Oct 31, 2013filed Dec 19, 2013FY2012ended Oct 31, 2012filed Dec 20, 2012FY2011ended Oct 31, 2011filed Dec 22, 2011FY2010ended Oct 31, 2010filed Dec 22, 2010FY2009ended Oct 31, 2009filed Sep 1, 2010FY2008ended Oct 31, 2008filed Sep 1, 2010
Revenue4,4853,8582,9682,2081,8661,7872,0561,7781,5251,3761,1891,1321,009897765617538582
Cost of revenue2,6992,3561,8151,3461,1381,1051,2421,087950861754734638570490395357372
Gross profit——————————————————
Research and development121111967669666757464539373330252320—
Selling, general and administrative76767752836633530535731426825020519518816413611393105
Operating income1,01982462549739337745737630726523020318416313810988106
Other income (expense)42311120100110000(1)
Pretax income89467855549138736543835629825722519918116113810988103
Income tax1481191111005729787190817160565543372835
Net income6905144043523043143282591861561331211028573554549
Diluted EPS ($)4.903.672.912.552.212.292.391.901.371.171.00*0.92*0.78*0.66*0.56*0.43*0.35*0.37*
Diluted shares (millions)141140139138138137137137136133132*132*131*130*130*129*129*130*

Balance sheet

HEICO Corporation balance sheet, annual
Millions of dollarsFY2025ended Oct 31, 2025filed Dec 22, 2025FY2024ended Oct 31, 2024filed Dec 19, 2024FY2023ended Oct 31, 2023filed Dec 20, 2023FY2022ended Oct 31, 2022filed Dec 21, 2022FY2021ended Oct 31, 2021filed Dec 21, 2021FY2020ended Oct 31, 2020filed Dec 23, 2020FY2019ended Oct 31, 2019filed Dec 19, 2019FY2018ended Oct 31, 2018filed Dec 20, 2018FY2017ended Oct 31, 2017filed Dec 21, 2017FY2016ended Oct 31, 2016filed Dec 15, 2016FY2015ended Oct 31, 2015filed Dec 17, 2015FY2014ended Oct 31, 2014filed Dec 18, 2014FY2013ended Oct 31, 2013filed Dec 19, 2013FY2012ended Oct 31, 2012filed Dec 20, 2012FY2011ended Oct 31, 2011filed Dec 22, 2011FY2010ended Oct 31, 2010filed Dec 22, 2010FY2009ended Oct 31, 2009filed Sep 1, 2010FY2008ended Oct 31, 2008filed Sep 1, 2010
Cash and equivalents2181621711401084075760525234201521187713
Short-term investments——————————————————
Total current assets2,3562,0621,8551,1539371,166814734632543504431441368317259244—
Total assets8,5007,5937,1954,0953,4983,5482,9692,6532,5121,9981,7011,4891,5331,193941782733—
Total current liabilities8326646654212952412892822492141681521611321238266—
Long-term debt———————————————1455—
Total liabilities3,6543,5293,6371,1209491,3161,0861,0181,133851752675751406255172185—
Stockholders’ equity4,3053,6373,1462,6062,2631,9801,6671,3981,161963810699606617529469413—
Shares outstanding (millions)——————————53*52*——————

Cash flow statement

HEICO Corporation cash flow statement, annual
Millions of dollarsFY2025ended Oct 31, 2025filed Dec 22, 2025FY2024ended Oct 31, 2024filed Dec 19, 2024FY2023ended Oct 31, 2023filed Dec 20, 2023FY2022ended Oct 31, 2022filed Dec 21, 2022FY2021ended Oct 31, 2021filed Dec 21, 2021FY2020ended Oct 31, 2020filed Dec 23, 2020FY2019ended Oct 31, 2019filed Dec 19, 2019FY2018ended Oct 31, 2018filed Dec 20, 2018FY2017ended Oct 31, 2017filed Dec 21, 2017FY2016ended Oct 31, 2016filed Dec 15, 2016FY2015ended Oct 31, 2015filed Dec 17, 2015FY2014ended Oct 31, 2014filed Dec 18, 2014FY2013ended Oct 31, 2013filed Dec 19, 2013FY2012ended Oct 31, 2012filed Dec 20, 2012FY2011ended Oct 31, 2011filed Dec 22, 2011FY2010ended Oct 31, 2010filed Dec 22, 2010FY2009ended Oct 31, 2009filed Sep 1, 2010FY2008ended Oct 31, 2008filed Sep 1, 2010
Operating cash flow934672449468444409437328288260173——1391261027673
Capital expenditures7358493236232942263118161815991013
Free cash flow (CFO − capex)861614399436408386408287262229155——123116936660
Depreciation and amortization196175130969389837765604848373119181515
Share repurchases——————————————008—
Dividends paid3229272423221915131193112064433

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$1M
8 purchases by 8 insiders; officers and directors $1M
Sold, three months
$0
0 sales by 0 insiders; officers and directors $0
Bought, twelve months
$2M
9 purchases by 8 insiders; officers and directors $2M
Sold, twelve months
$471K
2 sales by 2 insiders; officers and directors $471K

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Oct 26, 2026Mendelson Eric ACo-COB and Co-CEO, Directoroption exercise58,000$44.96$3M1MOct 28, 2026
Oct 26, 2026Mendelson Eric ACo-COB and Co-CEO, Directortax withholding27,640$309.71$9M1MOct 28, 2026
Oct 26, 2026Mendelson Victor HCo-COB and Co-CEO, Directoroption exercise58,000$44.96$3M1MOct 28, 2026
Oct 26, 2026Mendelson Victor HCo-COB and Co-CEO, Directortax withholding27,559$309.71$9M1MOct 28, 2026
Oct 26, 2026Macau Carlos LEVP-CFO & Treasureroption exercise30,000$38.37$1M186,316Oct 28, 2026
Oct 26, 2026Macau Carlos LEVP-CFO & Treasurertax withholding14,402$234.12$3M171,914Oct 28, 2026
Oct 8, 2026Mendelson Victor HCo-COB and Co-CEO, Directoropen-market buyindirect795$220.30$175K795Oct 13, 2026
Oct 8, 2026Culligan Thomas MDirectoropen-market buyindirect795$220.30$175K11,825Oct 13, 2026
Oct 8, 2026Hildebrandt Mark HDirectoropen-market buyindirect795$220.30$175K50,218Oct 13, 2026
Oct 8, 2026Neitzel JulieDirectoropen-market buy592$294.93$175K1,010Oct 13, 2026
Oct 8, 2026Fine Carol F.Directoropen-market buyindirect795$220.30$175K1,467Oct 13, 2026
Oct 8, 2026Schriesheim AlanDirectoropen-market buy795$220.30$175K1,202Oct 13, 2026
Oct 8, 2026Henriques AdolfoDirectoropen-market buyindirect795$220.30$175K24,864Oct 13, 2026
Oct 8, 2026Cheruvatath NandakumarDirectoropen-market buy795$220.30$175K4,877Oct 13, 2026
Sep 1, 2026Schriesheim AlanDirectorgift125$0.00—407Sep 1, 2026
Jun 29, 2026Mendelson Victor HCo-COB and Co-CEO, Directorgift3,285$0.00—212,626Jul 1, 2026
Jun 10, 2026Rowen Bradley KChief Accounting Officeropen-market sale1,326$241.63$320K0Jun 11, 2026
Jun 1, 2026Schriesheim AlanDirectorgift140$0.00—532Jun 2, 2026
May 29, 2026Rowen Bradley KChief Accounting Officeroption exercise600$97.00$58K600Jun 2, 2026
May 29, 2026Rowen Bradley KChief Accounting Officertax withholding316$259.81$82K284Jun 2, 2026
May 29, 2026Rowen Bradley KChief Accounting Officeroption exercise1,280$121.39$155K1,564Jun 2, 2026
May 29, 2026Rowen Bradley KChief Accounting Officertax withholding764$259.81$198K800Jun 2, 2026
May 29, 2026Rowen Bradley KChief Accounting Officeroption exercise1,400$130.71$183K2,200Jun 2, 2026
May 29, 2026Rowen Bradley KChief Accounting Officertax withholding874$259.81$227K1,326Jun 2, 2026
Apr 15, 2026Neitzel JulieDirectoropen-market sale676$223.00$151K0Apr 16, 2026

Full insider history for HEICO Corporation, or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

1 of the tracked managers held HEI in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded HEI by quarter.

FundManagerQuarterValueSharesWeightMove
Baron Capital GroupRon BaronQ2 2026$78M218,9760.12%added +30.4%

Sources

Fiscal year ends in month 10; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
HEICO CORPORATION, CIK 46619 on EDGAR
Extract generated
November 1, 2026
Withheld
none
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax, Revenues, SalesRevenueNet
Cost of revenue: CostOfRevenue
Gross profit: GrossProfit
Research and development: ResearchAndDevelopmentExpense
Selling, general and administrative: SellingGeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): OtherNonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest, IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: LongTermDebtNoncurrent
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated November 1, 2026.

JSON file
/data/financials/HEI.json