Heico vs Standardaero
Standardaero is the larger business, with $6.06bn of revenue in fiscal 2025 against $4.49bn for Heico (1.4 times as much). Heico grew faster (16.3% against 15.8%). Heico kept more of each dollar of sales as profit: a net margin of 15.4% against 4.6%. Heico carries less debt relative to equity (50.4% against 84.2%).
| Latest fiscal year | HeicoHEI, 2025 | StandardaeroSARO, 2025 |
|---|---|---|
| Revenue | $4.49bn | $6.06bn |
| Revenue growth | 16.3% | 15.8% |
| Net income | $690m | $277m |
| Operating margin | 22.7% | 9.1% |
| Net margin | 15.4% | 4.6% |
| Return on equity | 17.4% | 11.0% |
| Free cash flow | $861m | $234m |
| Cash | $218m | $290m |
| Total debt | $2.17bn | $2.25bn |
| Debt to equity | 50.4% | 84.2% |
| Dividend per share | $0.23 | — |
| Dividend yield | 0.1% | — |
| Share buybacks | — | — |
| Employees | 11,100 | 8,000 |
| Market value | $47.70bn | $8.41bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 80 (Strong) | — |
| Insider trades, 12 months | 9 buys, 2 sales | 1 buys, 35 sales |