Company / R&D Expense
HEICO CORP R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$120.9M
FY2025
5-year range
$65.6M / $120.9M
FY2021-FY2025
Trend
+8.7%
vs FY2024
Sector context
#65 of 174
Industrials
What the data says
At $121M, HEICO CORP's r&d expense ranks #65 of 174 in the Industrials sector. R&D Expense has increased for 3 consecutive years, from $66M in FY2022 to $121M in FY2025.
Based on SEC 10-K filings.
$121M in FY2025 with a 5-year CAGR of +16.1%.
Improved from $69M to $121M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +22.6%
- 5-Year CAGR
- +16.1%
- 10-Year CAGR
- -
Sector benchmark
#65 of 174 in IndustrialsTop 37% of 174This company $120.9M Sector average $273.7M
▼
-55.8% below sector average
Key checks
Key Insights
- HEICO CORP's r&d expense has grown for 3 consecutive years.
- 5-year CAGR of +16.1%, indicating consistent growth.
- In FY2025, r&d expense increased 8.7% year-over-year.
- Ranks #65 out of 174 companies in the Industrials sector.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $120.9M | +8.7% |
| FY2024 | $111.3M | +61.5% |
| FY2023 | $68.9M | +5.1% |
| FY2022 | $65.6M | -1.6% |
| FY2021 | $66.6M | +16.0% |
| FY2020 | $57.5M | +23.6% |
| FY2019 | $46.5M | -19.1% |
| FY2018 | $57.5M | +23.6% |
| FY2017 | $46.5M | +3.9% |
| FY2016 | $44.7M | +15.4% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026