Heico vs Moog
Heico is the larger business, with $4.49bn of revenue in fiscal 2025 against $3.86bn for Moog (1.2 times as much). Heico grew faster (16.3% against 7.0%). Heico kept more of each dollar of sales as profit: a net margin of 15.4% against 6.1%. Moog carries less debt relative to equity (47.5% against 50.4%).
| Latest fiscal year | HeicoHEI, 2025 | MoogMOG.A, 2025 |
|---|---|---|
| Revenue | $4.49bn | $3.86bn |
| Revenue growth | 16.3% | 7.0% |
| Net income | $690m | $235m |
| Operating margin | 22.7% | 11.6% |
| Net margin | 15.4% | 6.1% |
| Return on equity | 17.4% | 12.3% |
| Free cash flow | $861m | $128m |
| Cash | $218m | $62.0m |
| Total debt | $2.17bn | $946m |
| Debt to equity | 50.4% | 47.5% |
| Dividend per share | $0.23 | $1.15 |
| Dividend yield | 0.1% | 0.3% |
| Share buybacks | — | $143m |
| Employees | 11,100 | 13,500 |
| Market value | $47.70bn | $11.69bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 80 (Strong) | 54 (Moderate) |
| Insider trades, 12 months | 9 buys, 2 sales | 0 buys, 18 sales |