Heico Corp income statement
In fiscal 2025, Heico Corp reported revenue of $4.49bn, up 16.3% on the year before, operating income of $1.02bn (a 22.7% margin) and net income of $690m, or $4.90 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Oct 2009 | 2010Oct 2010 | 2011Oct 2011 | 2012Oct 2012 | 2013Oct 2013 | 2014Oct 2014 | 2015Oct 2015 | 2016Oct 2016 | 2017Oct 2017 | 2018Oct 2018 | 2019Oct 2019 | 2020Oct 2020 | 2021Oct 2021 | 2022Oct 2022 | 2023Oct 2023 | 2024Oct 2024 | 2025Oct 2025 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 538 | 617 | 765 | 897 | 1,009 | 1,132 | 1,189 | 1,376 | 1,525 | 1,778 | 2,056 | 1,787 | 1,866 | 2,208 | 2,968 | 3,858 | 4,485 | 5,177 |
| Cost of revenue | 357 | 395 | 490 | 570 | 638 | 734 | 754 | 861 | 950 | 1,087 | 1,242 | 1,105 | 1,138 | 1,346 | 1,815 | 2,356 | 2,699 | 3,085 |
| Gross profit | 181 | 222 | 274 | 327 | 371 | 398 | 434 | 515 | 575 | 691 | 814 | 682 | 727 | 863 | 1,153 | 1,502 | 1,786 | 2,091 |
| Research and development | 20 | 23 | 25 | 30 | 33 | 37 | 39 | 45 | 46 | 57 | 67 | 66 | 69 | 76 | 96 | 111 | 121 | 137 |
| Selling, general and administrative | 93 | 113 | 136 | 164 | 188 | 195 | 205 | 250 | 268 | 314 | 357 | 305 | 335 | 366 | 528 | 677 | 767 | 847 |
| Operating income | 88 | 109 | 138 | 163 | 184 | 203 | 230 | 265 | 307 | 376 | 457 | 377 | 393 | 497 | 625 | 824 | 1,019 | 1,245 |
| Interest expense | 1 | 1 | 0 | 2 | 4 | 5 | 5 | 8 | 10 | 20 | 22 | 13 | 7 | 6 | 4 | 149 | 130 | 132 |
| Income before tax | 88 | 109 | 138 | 161 | 181 | 199 | 225 | 257 | 298 | 356 | 438 | 365 | 387 | 491 | 555 | 678 | 894 | 1,117 |
| Income tax | 28 | 37 | 43 | 55 | 56 | 60 | 71 | 81 | 90 | 71 | 78 | 29 | 57 | 100 | 111 | 119 | 148 | 205 |
| Net income | 45 | 55 | 73 | 85 | 102 | 121 | 133 | 156 | 186 | 259 | 328 | 314 | 304 | 352 | 404 | 514 | 690 | 848 |
| Diluted EPS | $0.54 | $0.67 | $0.88 | $1.02 | $1.53 | $1.80 | $1.57 | $1.17 | $1.37 | $1.90 | $2.39 | $2.29 | $2.21 | $2.55 | $2.91 | $3.67 | $4.90 | $6.01 |
| Diluted shares (average) | 82m | 82m | 83m | 83m | 84m | 84m | 85m | 133m | 136m | 137m | 137m | 137m | 138m | 138m | 139m | 140m | 141m | 141m |
| EBITDA | 103 | 127 | 157 | 194 | 220 | 251 | 278 | 326 | 371 | 453 | 541 | 465 | 486 | 593 | 755 | 1,000 | 1,215 | 1,377 |
| Quarter | 2024 Q4Oct 2024 | 2025 Q1Jan 2025 | 2025 Q2Apr 2025 | 2025 Q3Jul 2025 | 2025 Q4Oct 2025 | 2026 Q1Jan 2026 | 2026 Q2Apr 2026 | 2026 Q3Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,014 | 1,030 | 1,098 | 1,148 | 1,209 | 1,179 | 1,376 | 1,413 |
| Cost of revenue | 620 | 625 | 660 | 690 | 724 | 724 | 806 | 832 |
| Gross profit | 394 | 406 | 438 | 457 | 486 | 455 | 570 | 581 |
| Research and development | 28 | 28 | 29 | 32 | 33 | 32 | 36 | 36 |
| Selling, general and administrative | 175 | 179 | 190 | 192 | 207 | 195 | 219 | 226 |
| Operating income | 219 | 227 | 248 | 265 | 279 | 260 | 350 | 355 |
| Interest expense | 35 | 32 | 33 | 32 | 33 | 29 | 34 | 36 |
| Income before tax | 184 | 195 | 216 | 235 | 247 | 231 | 318 | 321 |
| Income tax | 33 | 14 | 45 | 44 | 45 | 27 | 67 | 66 |
| Net income | 140 | 168 | 157 | 177 | 188 | 190 | 234 | 235 |
| Diluted EPS | $1.00 | $1.20 | $1.12 | $1.26 | $1.33 | $1.35 | $1.66 | $1.67 |
| EBITDA | 263 | 273 | 261 | 279 | 330 | 311 | 365 | 371 |
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