Heico vs V2x
Heico and V2x are similar in size: $4.49bn and $4.48bn of revenue in their latest fiscal years. Heico grew faster (16.3% against 3.7%). Heico kept more of each dollar of sales as profit: a net margin of 15.4% against 1.7%. Heico carries less debt relative to equity (50.4% against 101.2%).
| Latest fiscal year | HeicoHEI, 2025 | V2xVVX, 2025 |
|---|---|---|
| Revenue | $4.49bn | $4.48bn |
| Revenue growth | 16.3% | 3.7% |
| Net income | $690m | $77.9m |
| Operating margin | 22.7% | 4.3% |
| Net margin | 15.4% | 1.7% |
| Return on equity | 17.4% | 7.4% |
| Free cash flow | $861m | $170m |
| Cash | $218m | $369m |
| Total debt | $2.17bn | $1.10bn |
| Debt to equity | 50.4% | 101.2% |
| Dividend per share | $0.23 | — |
| Dividend yield | 0.1% | — |
| Share buybacks | — | $30.0m |
| Employees | 11,100 | 16,200 |
| Market value | $47.70bn | $2.55bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 80 (Strong) | 41 (Weak) |
| Insider trades, 12 months | 9 buys, 2 sales | 0 buys, 6 sales |