HEI
HEICO Corporation
HEI's fundamentals are strong: revenue grew 21% and it turned 20% of its revenue into free cash flow. At 57x earnings, it's trading below its usual 63x. Analysts expect that strong growth to continue.
HEI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Healthy |
HEI's revenue, profitability, cash flow and balance sheet are all currently healthy.
HEI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 47x | $340 | — |
| Cheap | 53x | $321 | -5.5% |
| Current | 57x | $340 | — |
| Fair | 63x | $380 | +12% |
| Expensive | 70x | $423 | +25% |
Historical ranges are pointers, not guarantees.
HEI's PE is in its cheap range at 57x. If earnings grow as analysts expect, today's price would be 47x next year's earnings.
HEI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for HEI, with profitability improving.
HEI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.19 | +20% |
| Q3 2026 | $6.00 | +31% |
| Q2 2026 | $5.59 | +30% |
| Q1 2026 | $5.05 | +25% |
| Q4 2025 | $4.90 | +34% |
| Q3 2025 | $4.58 | +34% |
| Q2 2025 | $4.29 | +35% |
| Q1 2025 | $4.05 | +32% |
| Q4 2024 | $3.67 | +26% |
HEI's earnings per share have climbed steadily: $6.00 over the past year, up 31% from the year before, and higher year over year for 19 quarters in a row.
HEI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +23% |
| Q2 2026 | $1.4B | +25% |
| Q1 2026 | $1.2B | +14% |
| Q4 2025 | $1.2B | +19% |
| Q3 2025 | $1.1B | +16% |
| Q2 2025 | $1.1B | +15% |
| Q1 2025 | $1B | +15% |
| Q4 2024 | $1B | +8.2% |
HEI's revenue has grown year over year for 21 quarters in a row: $1.4B last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 25% | +2.1 points |
| Q2 2026 | 25% | +2.9 points |
| Q1 2026 | 22% | 0 points |
| Q4 2025 | 23% | +1.5 points |
| Q3 2025 | 23% | +1.3 points |
| Q2 2025 | 23% | +0.7 points |
| Q1 2025 | 22% | +1.9 points |
| Q4 2024 | 22% | +1.3 points |
HEI's operating margin was 25% last quarter, up 2.1 points from the same quarter a year ago, near the top of its range since 2019.
HEI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $322.8M | +48% |
| Q2 2026 | $273.9M | +45% |
| Q1 2026 | $165.1M | -11% |
| Q4 2025 | $268.5M | +42% |
| Q3 2025 | $218.5M | +10% |
| Q2 2025 | $188.7M | +47% |
| Q1 2025 | $185.7M | +89% |
| Q4 2024 | $189.5M | +42% |
HEI's free cash flow has been positive every quarter for seven years: $1B over the past year, up 32% from the year before.
HEI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +201K shares |
| 1 year | +0.2% | +319K shares |
| 3 years | +1.9% | +2.6M shares |
| 5 years | +2.4% | +3.3M shares |
| Available history | +2.8% | +3.8M shares |
HEI has 141M diluted shares, about the same as a year ago.
HEI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.6x | Healthy |
| Q2 2026 | 1.7x | Healthy |
| Q1 2026 | 1.8x | Healthy |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | 1.9x | Healthy |
| Q2 2025 | 1.9x | Healthy |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | 2.1x | Moderate |
HEI's net debt is about 1.6 years of its operating earnings (EBITDA), down from 1.9 years a year ago.
HEI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.4 | Neutral |
| Stochastic | 50.3 | Neutral |
HEI's weekly RSI is 55 (neutral) and its Stochastic is 50 (neutral).
HEI PE vs Industrials Sector
| Metric | HEI | Sector median | Relative |
|---|---|---|---|
| PE | 57x | 24x | 135% above |
| PE % | 24 | 58 | 34 pts below |
HEI is trading at 57x earnings, a 135% premium to the Industrials sector's median of 24x.
HEI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $313.8 | 8.2% above |
| 20 week MA | $332.3 | 2.2% above |
| 50 week MA | $321.2 | 5.7% above |
| 100 week MA | $302.7 | 12% above |
| 200 week MA | $249.8 | 36% above |
HEI is in an uptrend: it's above all five of its weekly moving averages, and 36% above its 200-week average.
HEI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $115.1 | $131.2 | +14% |
| 2021 | $131.2 | $142.3 | +8.4% |
| 2022 | $142.3 | $154.2 | +8.4% |
| 2023 | $154.2 | $178.9 | +16% |
| 2024 | $178.9 | $240.9 | +35% |
| 2025 | $240.9 | $334.8 | +39% |
| 2026 YTD | $334.8 | $339.5 | +1.4% |
HEI has finished every year since 2020 higher, and it's up 1.4% so far in 2026.