HEICO CORP Income Statement
HEI / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
HEICO CORP reported $4.5B in revenue and $690M in net income for FY2025. Revenue has grown at a 16.4% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.5B | $3.9B | $3.0B | $1.8B | $2.1B | $1.8B | $1.5B | $1.8B | $1.5B | $1.4B | $1.2B | $897.3M | $764.9M | $617.0M | $538.3M |
| Cost of Revenue | $2.7B | $2.4B | $1.8B | $1.1B | $1.2B | $1.1B | $950.1M | $39.4M | $29.5M | $860.8M | $754.5M | $569.9M | $490.4M | $394.7M | $357.3M |
| Gross Profit | - | - | - | - | - | - | $182.2M | $154.8M | $125.4M | $112.2M | $93.8M | $92.1M | $77.6M | $78.2M | $63.9M |
| SG&A Expense | $767.5M | $677.3M | $528.1M | $305.5M | $356.7M | $305.5M | $268.1M | $314.5M | $268.1M | $250.1M | $204.5M | $164.1M | $136.0M | $113.2M | $92.8M |
| R&D Expense | $120.9M | $111.3M | $95.8M | $65.6M | $66.6M | $65.6M | $46.5M | $57.5M | $46.5M | $44.7M | $38.7M | $30.4M | $25.4M | $22.7M | $19.7M |
| Operating Income | $1.0B | $824.5M | $625.3M | $376.6M | $457.1M | $376.6M | $306.7M | $376.2M | $306.7M | $265.3M | $229.7M | $163.3M | $138.4M | $109.2M | $88.3M |
| Interest Expense | $129.9M | $149.3M | $3.8M | $13.2M | $21.7M | $13.2M | $9.8M | $19.9M | $9.8M | $8.3M | $4.6M | $2.4M | $142.0K | $508.0K | $615.0K |
| Income Tax | $148.0M | $118.5M | $110.9M | $29.0M | $78.1M | $29.0M | $90.3M | $70.6M | $90.3M | $80.9M | $71.4M | $54.5M | $42.9M | $36.7M | $28.0M |
| Net Income | $690.4M | $514.1M | $403.6M | $314.0M | $327.9M | $314.0M | $186.0M | $259.2M | $186.0M | $156.2M | $133.4M | $85.1M | $72.8M | $54.9M | $44.6M |
| EPS (Basic) | $4.97 | $3.71 | $2.94 | $2.33 | $2.45 | $2.33 | $1.41 | $1.19 | $1.60 | $1.82 | $1.54 | $1.29 | $1.12 | $1.07 | $1.09 |
| EPS (Diluted) | $4.90 | $3.67 | $2.91 | $2.29 | $2.39 | $2.29 | $1.37 | $1.17 | $1.57 | $1.80 | $1.53 | $1.28 | $1.10 | $1.04 | $1.06 |
| Shares Outstanding | 140.8M | 140.2M | 138.9M | 137.3M | 137.3M | 54.2M | 53.4M | 52.8M | 33.7M | 26.9M | 26.8M | 66.6M | 66.4M | 52.8M | 16.4M |
| Gross Margin | - | - | - | - | - | - | 11.9% | 8.7% | 8.2% | 8.2% | 7.9% | 10.3% | 10.1% | 12.7% | 11.9% |
| Operating Margin | 22.7% | 21.4% | 21.1% | 21.1% | 22.2% | 21.1% | 20.1% | 21.2% | 20.1% | 19.3% | 19.3% | 18.2% | 18.1% | 17.7% | 16.4% |
| Profit Margin | 15.4% | 13.3% | 13.6% | 17.6% | 16.0% | 17.6% | 12.2% | 14.6% | 12.2% | 11.3% | 11.2% | 9.5% | 9.5% | 8.9% | 8.3% |