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Earnings transcript
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HEI-A
HEICO Corporation
$252.43
-2.6
(-1.02%)
| Exchange: | |
| Market Cap: | 39.035B |
| Shares Outstanding: | 74.527M |
About The Company
| Sector: | Industrials | |||||
| Industry: | Aerospace & Defense | |||||
| CEO: | Eric A. Mendelson | |||||
| Full Time Employees: | 10000 | |||||
| Address: |
| |||||
| Website: | https://www.heico.com |
HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company’s Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components. This segment also distributes hydraulic, pneumatic, structural, interconnect, mechanical, and electro-mechanical components for the commercial, regional, and general aviation markets; and offers repair and overhaul services for jet engine and aircraft component parts, avionics, instruments, composites, and flight surfaces of commercial aircraft, as well as for avionics and navigation systems, subcomponents, and other instruments utilized on military aircraft. Its Electronic Technologies Group segment provides electro-optical infrared simulation and test equipment; electro-optical laser products; electro-optical, microwave, and other power equipment; electromagnetic and RFI shielding and suppression filters; high-speed interface products; high voltage interconnection devices; high voltage advanced power electronics; power conversion products; and underwater locator beacons and emergency locator transmission beacons. This segment also offers traveling wave tube amplifiers and microwave power modules; three-dimensional microelectronic and stacked memory products; harsh environment connectivity products and custom molded cable assemblies; radio frequency and microwave amplifiers, transmitters, and receivers; communications and electronic intercept receivers and tuners; self-sealing auxiliary fuel systems; active antenna systems; and nuclear radiation detectors. The company serves customers primarily in the aviation, defense, space, medical, telecommunications, and electronics industries. HEICO Corporation was incorporated in 1957 and is headquartered in Hollywood, Florida.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 2,968,105 | 3,857,669 | 4,485,044 |
| Gross Profit | 1,153,488 | 1,501,726 | 0 |
| EBITDA | 756,767 | 824,455 | 1,018,998 |
| Operating Income | 625,339 | 824,455 | 1,018,998 |
| Net Income | 403,596 | 514,109 | 690,385 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 7,195,063 | 7,592,822 | 8,500,433.999 |
| Total Liabilities | 4,001,912 | 3,895,416 | 3,653,901 |
| Total Stockholders Equity | 3,145,995 | 3,636,877 | 4,379,175 |
| Total Debt | 2,498,581 | 2,252,796 | 2,167,945 |
| Cash and Cash Equivalents | 171,048 | 162,103 | 217,781 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 448,735 | 672,370 | 934,266 |
| Capital Expenditure | -49,434 | -58,261 | -72,886 |
| Free Cash Flow | 399,301 | 614,109 | 861,380 |
| Net Income | 444,383 | 559,086 | 745,554 |
| Net Change in Cash | 31,544 | -8,945 | 55,678 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 5,596,246.835 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 6,067,281.127 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 5,774,300 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 1,472,119.046 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 1,596,026.832 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 1,518,956.769 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 997,244.294 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 1,107,415.902 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 1,038,889.987 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 965,402.308 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 1,046,659.909 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 996,118.061 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 7.380 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 7.870 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 7.080 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 8 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 3 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Record Financial Performance: HEICO Corporation reported record results for Q4 2024, as highlighted in the earnings call transcript, with strong revenue, net income, and operating cash flow metrics from the income and cash flow statements, reflecting robust operational efficiency and profitability.
- High Gross and Net Profit Margins: Key metrics indicate a strong gross profit margin and net profit margin TTM, showcasing the company’s ability to maintain profitability amidst operational costs, a critical advantage in the aerospace and defense sectors.
- Solid Balance Sheet: Balance sheet data reveals a healthy level of cash and cash equivalents alongside manageable total liabilities, supported by a reasonable debt-to-equity ratio TTM, indicating financial stability and capacity for future investments.
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Intrinsic Value Calculator
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about HEI-A valuation
Is HEICO Corporation (HEI-A) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for HEICO Corporation (HEI-A) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is HEI-A a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether HEI-A trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is HEI-A’s P/E ratio?
You can see HEI-A’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for HEI-A?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is HEI-A a good long-term investment?
Whether HEI-A fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
HEI-A
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
-1.02
Trading Metrics:
| Open: | 255.42 | Previous Close: | 255.03 | |
| Day Low: | 252.1 | Day High: | 255.69 | |
| Year Low: | 174.82 | Year High: | 264.71 | |
| Price Avg 50: | 246.88 | Price Avg 200: | 237.2 | |
| Volume: | 182177 | Average Volume: | 206128 |
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Login — it's freeHEI-A full analysis
Welcome to MARKETSNAP’s SWOT analysis for HEI-A, or as it’s better known, HEICO Corporation. If you’re not familiar with HEICO, let me give you the quick rundown. This company operates in the aerospace and defense sectors, specializing in manufacturing components for aircraft, spacecraft, and even electronic equipment. They’ve carved out a solid niche in a highly specialized industry, and with a global footprint, they’re a key player in their field. So, whether you’re a long-term investor or just keeping an…
