HEICO Corporation (HEI-A) Key Metrics
HEI-A valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $32.57B
- Enterprise value
- $38.99B
- P/E (TTM)
- 38.8 10-yr median 42.3
- Forward P/E
- 31.7
- PEG ratio
- 1.59
- Price / sales
- 6.3 10-yr median 6.7
- Price / book
- 6.5 10-yr median 6.6
- EV / EBITDA
- 26.6 10-yr median 27.3
- Dividend yield
- 0.06% $0.25 a year
- Beta
- 1.09
HEI-A key metrics, FY2016–FY2025
Fiscal year ended October 31, 2025 · U.S. dollarsHEI-A valuation Price multiples at each fiscal year-end price.
HEI-A returns How much profit the business earns on the capital it uses.
HEI-A per-share figures Results divided by the shares outstanding at year-end.
HEI-A financial health Debt, liquidity and how easily interest is covered.
HEI-A efficiency & capital use Working capital cycle and where the cash goes.
HEI-A valuation history
HEI-A returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HEI-A debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HEI-A cash returned to shareholders
HEI-A price vs earnings per share
HEI-A key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $34.87B | $26.92B | $17.66B | $17.57B | $17.33B | $12.84B | $13.09B | $9.11B | $6.60B | $4.09B |
| Enterprise value | $36.85B | $29.01B | $19.99B | $17.74B | $17.47B | $13.18B | $13.59B | $9.59B | $7.23B | $4.51B |
| P/E ratio | 50.5 | 52.4 | 43.8 | 50.0 | 57.0 | 40.9 | 39.9 | 35.2 | 35.5 | 26.2 |
| Price / sales | 7.8 | 7.0 | 5.9 | 8.0 | 9.3 | 7.2 | 6.4 | 5.1 | 4.3 | 3.0 |
| Price / book | 8.1 | 7.4 | 5.6 | 6.7 | 7.7 | 6.5 | 7.9 | 6.5 | 5.7 | 4.2 |
| Price / free cash flow | 40.5 | 43.8 | 44.2 | 40.3 | 42.5 | 33.2 | 32.0 | 31.8 | 26.5 | 18.7 |
| Price / operating cash flow | 37.3 | 40.0 | 39.4 | 37.6 | 39.0 | 31.4 | 29.9 | 27.7 | 24.0 | 16.4 |
| EV / sales | 8.2 | 7.5 | 6.7 | 8.0 | 9.4 | 7.4 | 6.6 | 5.4 | 4.7 | 3.3 |
| EV / EBITDA | 30.2 | 28.9 | 26.4 | 29.9 | 35.8 | 28.3 | 25.0 | 21.1 | 19.4 | 13.8 |
| EV / free cash flow | 42.8 | 47.2 | 50.1 | 40.7 | 42.8 | 34.1 | 33.3 | 33.4 | 29.0 | 20.6 |
| Earnings yield | 2.0% | 1.9% | 2.3% | 2.0% | 1.8% | 2.4% | 2.5% | 2.8% | 2.8% | 3.8% |
| Free cash flow yield | 2.5% | 2.3% | 2.3% | 2.5% | 2.4% | 3.0% | 3.1% | 3.1% | 3.8% | 5.3% |
| Dividend yield | 0.1% | 0.1% | 0.2% | 0.1% | 0.1% | 0.2% | 0.1% | 0.2% | 0.2% | 0.3% |
| Shareholder yield (dividends + buybacks) | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.3% | 0.6% | 0.4% | 0.2% | 0.3% |
| Share price at fiscal year-end | $247.73 | $192.01 | $127.13 | $127.30 | $125.68 | $93.50 | $95.27 | $66.66 | $48.70 | $30.72 |
| Per share | ||||||||||
| Revenue per share | $31.86 | $27.52 | $21.37 | $16.00 | $13.53 | $13.02 | $14.97 | $13.00 | $11.25 | $10.34 |
| Earnings per share | $4.90 | $3.67 | $2.91 | $2.55 | $2.21 | $2.29 | $2.39 | $1.90 | $1.37 | $1.17 |
| Operating cash flow per share | $6.64 | $4.80 | $3.23 | $3.39 | $3.22 | $2.98 | $3.18 | $2.40 | $2.03 | $1.87 |
| Free cash flow per share | $6.12 | $4.38 | $2.87 | $3.16 | $2.96 | $2.81 | $2.97 | $2.10 | $1.84 | $1.64 |
| Cash per share | $1.55 | $1.16 | $1.23 | $1.01 | $0.79 | $2.96 | $0.42 | $0.44 | $0.38 | $0.32 |
| Book value per share | $30.58 | $25.94 | $22.65 | $18.88 | $16.42 | $14.42 | $12.13 | $10.23 | $8.56 | $7.24 |
| Tangible book value per share | −$5.88 | −$7.69 | −$10.70 | $1.45 | $1.67 | $0.13 | −$1.11 | −$1.63 | −$3.38 | −$2.02 |
| Dividends per share | $0.23 | $0.21 | $0.20 | $0.18 | $0.17 | $0.16 | $0.14 | $0.11 | $0.09 | $0.08 |
| Capex per share | $0.52 | $0.42 | $0.36 | $0.23 | $0.26 | $0.17 | $0.21 | $0.31 | $0.19 | $0.23 |
| Debt per share | $15.58 | $16.07 | $17.99 | $2.21 | $1.82 | $5.49 | $4.09 | $3.90 | $4.97 | $3.44 |
| Shares outstanding | 140.8M | 140.2M | 138.9M | 138.0M | 137.9M | 137.3M | 137.3M | 136.7M | 135.6M | 133.1M |
| Change in shares outstanding | +0.4% | +0.9% | +0.6% | +0.1% | +0.4% | −0.0% | +0.5% | +0.8% | +1.8% | +0.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 17.4% | 15.2% | 14.0% | 14.4% | 14.3% | 17.2% | 21.4% | 20.3% | 17.5% | 17.6% |
| Return on invested capital (ROIC) | 14.2% | 12.3% | 12.6% | 15.0% | 14.2% | 15.4% | 18.7% | 16.5% | 13.6% | 14.6% |
| Return on assets (ROA) | 8.6% | 7.0% | 7.1% | 9.3% | 8.6% | 9.6% | 11.7% | 10.0% | 8.2% | 8.3% |
| Return on tangible assets | 20.5% | 17.9% | 15.7% | 20.8% | 20.8% | 19.8% | 28.5% | 25.1% | 20.8% | 19.4% |
| Free cash flow margin | 19.2% | 15.9% | 13.5% | 19.7% | 21.9% | 21.6% | 19.9% | 16.1% | 16.3% | 15.9% |
| Income quality (OCF / net income) | 1.35 | 1.31 | 1.11 | 1.33 | 1.46 | 1.30 | 1.33 | 1.27 | 1.48 | 1.60 |
| Financial health | ||||||||||
| Total debt | $2.19B | $2.25B | $2.50B | $304.9M | $250.4M | $754.0M | $562.0M | $532.5M | $674.0M | $458.2M |
| Cash & short-term investments | $217.8M | $162.1M | $171.0M | $139.5M | $108.3M | $406.9M | $57.0M | $59.6M | $52.1M | $43.0M |
| Net debt | $1.98B | $2.09B | $2.33B | $165.4M | $142.1M | $347.2M | $505.0M | $472.9M | $621.9M | $415.3M |
| Debt / equity | 0.51 | 0.62 | 0.79 | 0.12 | 0.11 | 0.38 | 0.34 | 0.38 | 0.58 | 0.48 |
| Debt / assets | 0.26 | 0.30 | 0.35 | 0.07 | 0.07 | 0.21 | 0.19 | 0.20 | 0.27 | 0.22 |
| Net debt / EBITDA | 1.62 | 2.09 | 3.07 | 0.28 | 0.29 | 0.74 | 0.93 | 1.04 | 1.67 | 1.28 |
| Current ratio | 2.83 | 3.11 | 2.79 | 2.74 | 3.18 | 4.83 | 2.81 | 2.60 | 2.53 | 2.72 |
| Quick ratio | 1.28 | 1.34 | 1.27 | 1.35 | 1.56 | 2.91 | 1.36 | 1.18 | 1.16 | 1.39 |
| Interest coverage | 7.8 | 5.6 | 8.9 | 76.4 | 54.2 | 28.7 | 21.2 | 18.8 | 31.4 | 32.4 |
| Working capital | $1.52B | $1.40B | $1.19B | $731.9M | $642.5M | $924.5M | $524.6M | $451.4M | $382.5M | $369.8M |
| Invested capital | $6.28B | $5.73B | $5.47B | $2.77B | $2.41B | $2.33B | $2.17B | $1.87B | $1.78B | $1.38B |
| Tangible asset value | −$753.9M | −$1.02B | −$1.44B | $570.2M | $516.8M | $269.6M | $63.5M | $13.9M | −$240.0M | −$44.3M |
| Net current asset value | −$1.76B | −$1.83B | −$2.15B | $33.1M | −$11.5M | −$150.3M | −$272.6M | −$284.5M | −$501.1M | −$267.0M |
| Graham number | $58.09 | $46.26 | $38.48 | $32.90 | $28.55 | $27.24 | $25.53 | $20.89 | $16.26 | $13.82 |
| Graham net-net per share | −$19.10 | −$18.97 | −$20.58 | −$2.88 | −$2.60 | −$3.45 | −$4.23 | −$4.17 | −$5.47 | −$3.86 |
| Capital allocation | ||||||||||
| Dividends paid | $32.0M | $29.1M | $27.4M | $24.5M | $23.0M | $21.6M | $18.7M | $15.4M | $12.8M | $10.7M |
| Share buybacks (net) | $22.4M | $29.9M | $14.8M | $6.4M | $0 | $12.1M | $64.0M | $25.0M | $203,000 | $4,000 |
| Dividend payout ratio | 4.6% | 5.7% | 6.8% | 7.0% | 7.6% | 6.9% | 5.7% | 5.9% | 6.9% | 6.9% |
| Dividends + buybacks / free cash flow | 6.3% | 9.6% | 10.6% | 7.1% | 5.6% | 8.7% | 20.2% | 14.1% | 5.2% | 4.9% |
| Capex / revenue | 1.6% | 1.5% | 1.7% | 1.4% | 1.9% | 1.3% | 1.4% | 2.4% | 1.7% | 2.2% |
| Capex / operating cash flow | 7.8% | 8.7% | 11.0% | 6.8% | 8.1% | 5.6% | 6.6% | 12.7% | 9.5% | 12.4% |
| Capex / depreciation | 0.37 | 0.33 | 0.38 | 0.33 | 0.39 | 0.26 | 0.35 | 0.54 | 0.40 | 0.51 |
| Stock-based compensation / revenue | 0.8% | 0.5% | 0.5% | 0.6% | 0.5% | 0.6% | 0.5% | 0.5% | 0.5% | 0.5% |
| R&D / revenue | — | 2.9% | 3.2% | 3.4% | 3.7% | 3.7% | 3.2% | 3.2% | 3.0% | 3.2% |
| SG&A / revenue | 17.1% | 17.6% | 17.8% | 16.6% | 17.9% | 17.1% | 17.4% | 17.7% | 17.6% | 18.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 57.3 | 60.2 | 62.1 | 59.0 | 58.3 | 60.1 | 50.5 | 48.7 | 50.8 | 50.9 |
| Days of inventory on hand | 166.8 | 177.6 | 169.5 | 152.5 | 160.6 | 155.1 | 127.6 | 132.1 | 127.2 | 118.5 |
| Days payables outstanding | 29.0 | 32.9 | 34.2 | 29.1 | 27.6 | 32.0 | 33.1 | 34.9 | 32.9 | 30.9 |
| Cash conversion cycle (days) | 195.0 | 204.9 | 197.3 | 182.4 | 191.3 | 183.2 | 145.0 | 145.8 | 145.1 | 138.5 |
| Receivables turnover | 6.37 | 6.07 | 5.88 | 6.19 | 6.26 | 6.07 | 7.23 | 7.50 | 7.18 | 7.17 |
| Payables turnover | 12.57 | 11.10 | 10.66 | 12.56 | 13.22 | 11.39 | 11.01 | 10.46 | 11.08 | 11.83 |
| Inventory turnover | 2.19 | 2.05 | 2.15 | 2.39 | 2.27 | 2.35 | 2.86 | 2.76 | 2.87 | 3.08 |
| Asset turnover | 0.56 | 0.52 | 0.53 | 0.58 | 0.53 | 0.55 | 0.73 | 0.69 | 0.67 | 0.73 |
| Average receivables | $703.8M | $635.7M | $504.8M | $356.9M | $297.9M | $294.2M | $284.5M | $237.0M | $212.3M | $191.9M |
| Average payables | $214.7M | $202.2M | $161.2M | $101.0M | $80.9M | $91.2M | $106.7M | $98.5M | $81.5M | $69.0M |
| Average inventory | $1.23B | $1.09B | $798.1M | $530.3M | $470.6M | $441.8M | $410.9M | $372.6M | $315.0M | $264.9M |
| Intangibles / total assets | 60.4% | 62.1% | 64.4% | 58.7% | 58.1% | 55.3% | 61.3% | 61.1% | 64.5% | 60.4% |
Computed from HEI-A's annual financial statements (latest annual report filed December 22, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HEI-A valuation and financial ratios
At the end of fiscal 2025 (October 31, 2025), HEICO traded at 50.5 times earnings, against a 10-year median of 42.3. Based on the latest twelve months, the trailing P/E is 38.8 and the forward P/E is 31.7. HEICO earned a return on equity of 17.4% and a return on invested capital of 14.2% in fiscal 2025. It ended the year with $2.2 billion of debt and $217.8 million in cash and short-term investments, net debt of $2.0 billion. It returned $54.4 million to shareholders: $32.0 million in dividends and $22.4 million in share buybacks, 6% of free cash flow. The share count rose 5.7% from 133.1M to 140.8M over 9 years.
See the HEI-A income statement, the HEI-A chart for price history, or the HEI-A stock overview for the latest quote and news.
HEI-A key metrics FAQ
What is HEICO's P/E ratio?
HEICO's trailing P/E ratio is 38.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 31.7. At the end of fiscal 2025 it was 50.5, compared with a 10-year median of 42.3.
What is HEICO's EV/EBITDA?
HEICO's enterprise value was 30.2 times EBITDA at the end of fiscal 2025 (enterprise value $36.8 billion, EBITDA $1.2 billion); the current EV/EBITDA is 26.6.
What is HEICO's return on equity?
HEICO's return on equity (ROE) was 17.4% in fiscal 2025: net income of $690.4 million on average shareholders' equity of $4.0 billion.
What is HEICO's ROIC?
HEICO's return on invested capital was 14.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does HEICO have?
HEICO had total debt of $2.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.51 and $2.0 billion of net debt (1.62 times EBITDA).
What is HEICO's dividend yield?
HEICO's forward dividend yield is 0.06%. HEICO paid $32.0 million in dividends in fiscal 2025 ($0.23 per share), a payout ratio of 4.6%.
Does HEICO buy back its shares?
Yes. HEICO spent $22.4 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.4% over the year, to 140.8M..
What is HEICO's free cash flow yield?
HEICO generated $861.4 million of free cash flow in fiscal 2025, a free cash flow yield of 2.5% on its market value at year-end ($34.9 billion).
What is HEICO's current ratio?
HEICO's current ratio was 2.83 at the end of fiscal 2025: current assets were 2.83 times current liabilities.