HEICO Corporation (HEI-A) Income Statement
HEI-A FY2025 at a glance
Fiscal year ended October 31, 2025 · U.S. dollarsHEI-A revenue and net income
Where HEI-A's revenue goes
FY2025Each bar shows an amount and its share of revenue. HEI-A kept 15.4% of revenue as net income.
HEI-A profit margins
HEI-A growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +16.3% | +26.6% | +20.2% | +14.2% |
| Gross profit | +10.8% | +23.9% | +19.0% | +14.2% |
| Operating income | +22.1% | +27.8% | +22.0% | +16.1% |
| Net income | +34.3% | +25.2% | +17.1% | +17.9% |
| EPS (diluted) | +34.2% | +24.4% | +16.5% | +17.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HEI-A quarterly EPS vs estimates
HEICO beat the analyst EPS estimate in 7 of the last 7 quarters.
HEI-A income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.49B | $3.86B | $2.97B | $2.21B | $1.87B | $1.79B | $2.06B | $1.78B | $1.52B | $1.38B |
| Cost of revenue | $2.70B | $2.24B | $1.72B | $1.27B | $1.07B | $1.04B | $1.18B | $1.03B | $903.6M | $816.0M |
| Gross profit | $1.79B | $1.61B | $1.25B | $938.8M | $796.3M | $747.7M | $880.5M | $748.2M | $621.2M | $560.2M |
| Research & development | — | $111.3M | $95.8M | $76.1M | $68.9M | $65.6M | $66.6M | $57.5M | $46.5M | $44.7M |
| Sales, general & admin | $767.5M | $677.3M | $528.1M | $365.9M | $334.5M | $305.5M | $356.7M | $314.5M | $268.1M | $250.1M |
| Total operating expenses | $767.5M | $778.7M | $601.7M | $450.9M | $401.4M | $370.4M | $420.6M | $373.2M | $313.4M | $291.8M |
| Operating income | $1.02B | $834.3M | $647.6M | $487.9M | $394.9M | $377.2M | $459.8M | $375.0M | $307.8M | $268.4M |
| Interest expense | $129.9M | $149.3M | $73.0M | $6.4M | $7.3M | $13.2M | $21.7M | $19.9M | $9.8M | $8.3M |
| Income before taxes | $893.6M | $677.6M | $555.3M | $491.0M | $387.1M | $364.9M | $437.8M | $356.3M | $298.0M | $257.1M |
| Income taxes | $148.0M | $118.5M | $110.9M | $100.4M | $57.3M | $29.0M | $78.1M | $70.6M | $90.3M | $80.9M |
| Net income | $690.4M | $514.1M | $403.6M | $351.7M | $304.2M | $314.0M | $327.9M | $259.2M | $186.0M | $156.2M |
| EBITDA | $1.22B | $1.00B | $758.3M | $593.7M | $487.4M | $466.6M | $543.0M | $453.4M | $372.6M | $325.6M |
| EPS (diluted) | $4.91 | $3.66 | $2.94 | $2.55 | $2.20 | $2.29 | $2.39 | $1.90 | $1.38 | $2.17 |
| Gross margin | 39.8% | 41.8% | 42.1% | 42.5% | 42.7% | 41.8% | 42.8% | 42.1% | 40.7% | 40.7% |
| Operating margin | 22.7% | 21.6% | 21.8% | 22.1% | 21.2% | 21.1% | 22.4% | 21.1% | 20.2% | 19.5% |
| Net margin | 15.4% | 13.3% | 13.6% | 15.9% | 16.3% | 17.6% | 16.0% | 14.6% | 12.2% | 11.3% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.41B | $1.38B | $1.18B | $1.21B | $1.15B | $1.10B | $1.03B | $1.01B | $992.2M | $955.4M | $896.4M | $936.4M |
| Cost of revenue | $832.1M | $806.2M | $723.6M | $723.6M | $690.4M | $631.3M | $597.0M | $591.3M | $573.2M | $555.7M | $524.5M | $544.7M |
| Gross profit | $581.0M | $569.5M | $455.0M | $485.8M | $457.2M | $466.5M | $433.3M | $422.3M | $419.0M | $399.7M | $371.9M | $391.7M |
| Research & development | — | — | — | — | $31.9M | $28.7M | $27.6M | $28.5M | $29.8M | $27.9M | $25.1M | $27.3M |
| Sales, general & admin | $225.8M | $219.1M | $195.1M | $206.8M | $192.1M | $189.7M | $178.9M | $175.2M | $172.8M | $162.6M | $166.6M | $175.0M |
| Total operating expenses | $225.8M | $219.1M | $195.1M | $206.8M | $192.1M | $214.6M | $202.9M | $183.0M | $208.3M | $197.2M | $190.3M | $186.7M |
| Operating income | $355.2M | $350.4M | $259.9M | $279.0M | $265.0M | $251.9M | $230.4M | $239.4M | $210.8M | $202.6M | $181.6M | $205.0M |
| Interest expense | $35.9M | $34.2M | $29.5M | $32.9M | $31.7M | $32.9M | $32.5M | $35.4M | $36.8M | $38.5M | $38.6M | $43.4M |
| Income before taxes | $320.6M | $317.5M | $231.5M | $247.4M | $235.0M | $215.9M | $195.3M | $183.9M | $180.3M | $171.1M | $142.3M | $147.1M |
| Income taxes | $66.1M | $67.2M | $26.7M | $44.6M | $44.3M | $45.4M | $13.7M | $33.0M | $32.5M | $36.2M | $16.8M | $33.5M |
| Net income | $235.4M | $233.8M | $190.2M | $188.3M | $177.3M | $156.8M | $168.0M | $139.7M | $136.6M | $123.1M | $114.7M | $103.4M |
| EBITDA | $415.2M | $408.3M | $312.0M | $331.4M | $316.4M | $297.7M | $273.9M | $264.0M | $261.4M | $252.4M | $224.4M | $234.2M |
| EPS (diluted) | $1.67 | $1.66 | $1.35 | $1.33 | $1.26 | $1.12 | $1.20 | $0.99 | $0.97 | $0.88 | $0.82 | $0.74 |
| Gross margin | 41.1% | 41.4% | 38.6% | 40.2% | 39.8% | 42.5% | 42.1% | 41.7% | 42.2% | 41.8% | 41.5% | 41.8% |
| Operating margin | 25.1% | 25.5% | 22.1% | 23.1% | 23.1% | 22.9% | 22.4% | 23.6% | 21.2% | 21.2% | 20.3% | 21.9% |
| Net margin | 16.7% | 17.0% | 16.1% | 15.6% | 15.5% | 14.3% | 16.3% | 13.8% | 13.8% | 12.9% | 12.8% | 11.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HEI-A's financial statements (latest annual report filed December 22, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HEI-A financial results
In fiscal year 2025 (ended October 31, 2025), HEICO reported revenue of $4.5 billion, up 16.3% from the year before. It had net income of $690.4 million (up 34.3%), a net profit margin of 15.4%. Diluted earnings per share came to $4.91. Over five years revenue grew at an average rate of 20.2% a year.
See the HEI-A stock overview for the latest quote and news, or the HEI-A chart for price history and technical indicators.
HEI-A income statement FAQ
What is HEICO's annual revenue?
HEICO reported total revenue of $4.5 billion for fiscal year 2025, which ended on October 31, 2025. That was up 16.3% from $3.9 billion the previous year.
Is HEICO profitable?
Yes. HEICO reported net income of $690.4 million in fiscal 2025, a net profit margin of 15.4%; its operating margin was 22.7%.
What is HEICO's gross margin?
HEICO's gross margin was 39.8% in fiscal 2025: for every $100 of revenue, HEICO kept $40 after the direct cost of its products and services.
How fast is HEICO growing?
Revenue grew 20.2% a year on average over the last five fiscal years, from $1.8 billion to $4.5 billion.
What are HEICO's earnings per share?
HEICO earned $4.91 per diluted share in fiscal 2025, compared with $3.66 a year earlier.
When does HEICO's fiscal year end?
HEICO's fiscal year ends in October. The latest annual report covers the year ended October 31, 2025 and was filed on December 22, 2025.