Heico Corporation (HEI) Financial Statements
Heico financial statements at a glance
Heico reported revenue of $4.49 billion for fiscal year 2025 (ended October 31, 2025), up 16.3% from fiscal year 2024. Net income was $690.39 million, a net margin of 15.4%, and diluted earnings per share were $4.90.
At the end of fiscal year 2025 it had total assets of $8.50 billion, total liabilities of $4.12 billion and shareholders' equity of $4.31 billion, with cash and short-term investments of $217.78 million and total debt of $2.19 billion.
Its operations brought in $934.27 million of cash; capital spending was $72.89 million, leaving free cash flow of $861.38 million.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended October 31, 2025.
Heico Corporation
Income Statement
Annual • USD
Heico key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $4.5B | $3.9B | $3.0B | $2.2B | $1.9B |
| Gross profit | $1.8B | $1.5B | $1.2B | $862.8M | $727.4M |
| Operating income | $1.0B | $824.5M | $625.3M | $496.8M | $392.9M |
| Net income | $690.4M | $514.1M | $403.6M | $351.7M | $304.2M |
| Diluted EPS | $4.90 | $3.67 | $2.91 | $2.55 | $2.21 |
| Total assets | $8.5B | $7.6B | $7.2B | $4.1B | $3.5B |
| Total liabilities | $4.1B | $3.9B | $4.0B | $1.1B | $948.9M |
| Shareholders' equity | $4.3B | $3.6B | $3.1B | $2.6B | $2.3B |
| Cash and short-term investments | $217.8M | $162.1M | $171.0M | $139.5M | $108.3M |
| Total debt | $2.2B | $2.3B | $2.5B | $304.9M | $250.4M |
| Operating cash flow | $934.3M | $672.4M | $448.7M | $467.9M | $444.1M |
| Capital spending | $72.9M | $58.3M | $49.4M | $32.0M | $36.2M |
| Free cash flow | $861.4M | $614.1M | $399.3M | $435.9M | $407.9M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Heico's revenue in fiscal year 2025?
$4.49 billion, up 16.3% from $3.86 billion in fiscal year 2024.
How much profit does Heico make?
Heico reported net income of $690.39 million for fiscal year 2025 (15.4% of revenue); operating income was $1.02 billion.
How much cash and debt does Heico have?
At the end of fiscal year 2025: cash and short-term investments of $217.78 million and total debt of $2.19 billion.
What is Heico's free cash flow?
$861.38 million in fiscal year 2025 (operating cash flow of $934.27 million minus capital spending of $72.89 million).
