HEICO CORP-CLASS A (HEI.A) Fundamental Analysis & Valuation

NYSE:HEI.A • US4228062083

243.7 USD
-0.81 (-0.33%)
At close: Mar 4, 2026
243.7 USD
0 (0%)
After Hours: 3/4/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This HEI.A fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

7

Overall HEI.A gets a fundamental rating of 7 out of 10. We evaluated HEI.A against 78 industry peers in the Aerospace & Defense industry. HEI.A scores excellent on profitability, but there are some minor concerns on its financial health. HEI.A is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings could make HEI.A a good candidate for growth investing.


Dividend Valuation Growth Profitability Health

8

1. HEI.A Profitability Analysis

1.1 Basic Checks

  • In the past year HEI.A was profitable.
  • In the past year HEI.A had a positive cash flow from operations.
  • Each year in the past 5 years HEI.A has been profitable.
  • HEI.A had a positive operating cash flow in each of the past 5 years.
HEI.A Yearly Net Income VS EBIT VS OCF VS FCFHEI.A Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

1.2 Ratios

  • HEI.A has a better Return On Assets (7.88%) than 83.33% of its industry peers.
  • With a decent Return On Equity value of 15.83%, HEI.A is doing good in the industry, outperforming 79.49% of the companies in the same industry.
  • HEI.A has a better Return On Invested Capital (10.60%) than 80.77% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for HEI.A is in line with the industry average of 9.14%.
  • The 3 year average ROIC (9.64%) for HEI.A is below the current ROIC(10.60%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 7.88%
ROE 15.83%
ROIC 10.6%
ROA(3y)6.83%
ROA(5y)7.56%
ROE(3y)14.33%
ROE(5y)13.99%
ROIC(3y)9.64%
ROIC(5y)10.07%
HEI.A Yearly ROA, ROE, ROICHEI.A Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • The Profit Margin of HEI.A (15.38%) is better than 91.03% of its industry peers.
  • In the last couple of years the Profit Margin of HEI.A has declined.
  • HEI.A's Operating Margin of 22.71% is amongst the best of the industry. HEI.A outperforms 88.46% of its industry peers.
  • HEI.A's Operating Margin has improved in the last couple of years.
  • With a decent Gross Margin value of 39.62%, HEI.A is doing good in the industry, outperforming 78.21% of the companies in the same industry.
  • In the last couple of years the Gross Margin of HEI.A has remained more or less at the same level.
Industry RankSector Rank
OM 22.71%
PM (TTM) 15.38%
GM 39.62%
OM growth 3Y0.33%
OM growth 5Y1.51%
PM growth 3Y-1.13%
PM growth 5Y-2.61%
GM growth 3Y0.65%
GM growth 5Y0.86%
HEI.A Yearly Profit, Operating, Gross MarginsHEI.A Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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6

2. HEI.A Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HEI.A is still creating some value.
  • Compared to 1 year ago, HEI.A has more shares outstanding
  • HEI.A has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, HEI.A has an improved debt to assets ratio.
HEI.A Yearly Shares OutstandingHEI.A Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
HEI.A Yearly Total Debt VS Total AssetsHEI.A Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • HEI.A has an Altman-Z score of 6.22. This indicates that HEI.A is financially healthy and has little risk of bankruptcy at the moment.
  • HEI.A's Altman-Z score of 6.22 is fine compared to the rest of the industry. HEI.A outperforms 69.23% of its industry peers.
  • The Debt to FCF ratio of HEI.A is 2.98, which is a good value as it means it would take HEI.A, 2.98 years of fcf income to pay off all of its debts.
  • HEI.A's Debt to FCF ratio of 2.98 is amongst the best of the industry. HEI.A outperforms 87.18% of its industry peers.
  • HEI.A has a Debt/Equity ratio of 0.56. This is a neutral value indicating HEI.A is somewhat dependend on debt financing.
  • The Debt to Equity ratio of HEI.A (0.56) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 2.98
Altman-Z 6.22
ROIC/WACC1.16
WACC9.13%
HEI.A Yearly LT Debt VS Equity VS FCFHEI.A Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 3.06 indicates that HEI.A has no problem at all paying its short term obligations.
  • With a decent Current ratio value of 3.06, HEI.A is doing good in the industry, outperforming 60.26% of the companies in the same industry.
  • HEI.A has a Quick Ratio of 1.41. This is a normal value and indicates that HEI.A is financially healthy and should not expect problems in meeting its short term obligations.
  • HEI.A's Quick ratio of 1.41 is in line compared to the rest of the industry. HEI.A outperforms 47.44% of its industry peers.
Industry RankSector Rank
Current Ratio 3.06
Quick Ratio 1.41
HEI.A Yearly Current Assets VS Current LiabilitesHEI.A Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. HEI.A Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 25.37% over the past year.
  • Measured over the past years, HEI.A shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.50% on average per year.
  • Looking at the last year, HEI.A shows a quite strong growth in Revenue. The Revenue has grown by 16.08% in the last year.
  • HEI.A shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.21% yearly.
EPS 1Y (TTM)25.37%
EPS 3Y24.45%
EPS 5Y16.5%
EPS Q2Q%12.5%
Revenue 1Y (TTM)16.08%
Revenue growth 3Y26.64%
Revenue growth 5Y20.21%
Sales Q2Q%14.4%

3.2 Future

  • Based on estimates for the next years, HEI.A will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.60% on average per year.
  • HEI.A is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.46% yearly.
EPS Next Y15.04%
EPS Next 2Y13.86%
EPS Next 3Y13.58%
EPS Next 5Y18.6%
Revenue Next Year12.96%
Revenue Next 2Y9.02%
Revenue Next 3Y7.93%
Revenue Next 5Y10.46%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
HEI.A Yearly Revenue VS EstimatesHEI.A Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B
HEI.A Yearly EPS VS EstimatesHEI.A Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

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4

4. HEI.A Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 48.16 indicates a quite expensive valuation of HEI.A.
  • HEI.A's Price/Earnings ratio is a bit cheaper when compared to the industry. HEI.A is cheaper than 64.10% of the companies in the same industry.
  • HEI.A's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.03.
  • HEI.A is valuated quite expensively with a Price/Forward Earnings ratio of 38.25.
  • Based on the Price/Forward Earnings ratio, HEI.A is valued a bit cheaper than the industry average as 64.10% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of HEI.A to the average of the S&P500 Index (25.11), we can say HEI.A is valued expensively.
Industry RankSector Rank
PE 48.16
Fwd PE 38.25
HEI.A Price Earnings VS Forward Price EarningsHEI.A Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • HEI.A's Enterprise Value to EBITDA is on the same level as the industry average.
  • Based on the Price/Free Cash Flow ratio, HEI.A is valued cheaply inside the industry as 80.77% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 40.43
EV/EBITDA 29.02
HEI.A Per share dataHEI.A EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The excellent profitability rating of HEI.A may justify a higher PE ratio.
  • A more expensive valuation may be justified as HEI.A's earnings are expected to grow with 13.58% in the coming years.
PEG (NY)3.2
PEG (5Y)2.92
EPS Next 2Y13.86%
EPS Next 3Y13.58%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. HEI.A Dividend Analysis

5.1 Amount

  • HEI.A has a yearly dividend return of 0.07%, which is pretty low.
  • HEI.A's Dividend Yield is a higher than the industry average which is at 0.53.
  • Compared to an average S&P500 Dividend Yield of 1.82, HEI.A's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.07%

5.2 History

  • The dividend of HEI.A is nicely growing with an annual growth rate of 7.53%!
  • HEI.A has paid a dividend for at least 10 years, which is a reliable track record.
  • HEI.A has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)7.53%
Div Incr Years7
Div Non Decr Years7
HEI.A Yearly Dividends per shareHEI.A Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.05 0.1 0.15 0.2

5.3 Sustainability

  • 4.69% of the earnings are spent on dividend by HEI.A. This is a low number and sustainable payout ratio.
  • The dividend of HEI.A is growing, but earnings are growing more, so the dividend growth is sustainable.
DP4.69%
EPS Next 2Y13.86%
EPS Next 3Y13.58%
HEI.A Yearly Income VS Free CF VS DividendHEI.A Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
HEI.A Dividend Payout.HEI.A Dividend Payout, showing the Payout Ratio.HEI.A Dividend Payout.PayoutRetained Earnings

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HEI.A Fundamentals: All Metrics, Ratios and Statistics

HEICO CORP-CLASS A

NYSE:HEI.A (3/4/2026, 8:04:00 PM)

After market: 243.7 0 (0%)

243.7

-0.81 (-0.33%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)02-27
Earnings (Next)05-25
Inst Owners73%
Inst Owner Change-0.4%
Ins Owners15.5%
Ins Owner ChangeN/A
Market Cap34.00B
Revenue(TTM)4.63B
Net Income(TTM)712.62M
Analysts78.46
Price Target284.03 (16.55%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.07%
Yearly Dividend0.23
Dividend Growth(5Y)7.53%
DP4.69%
Div Incr Years7
Div Non Decr Years7
Ex-Date01-05
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.69%
Min EPS beat(2)1.74%
Max EPS beat(2)5.63%
EPS beat(4)4
Avg EPS beat(4)6.15%
Min EPS beat(4)1.74%
Max EPS beat(4)9.81%
EPS beat(8)7
Avg EPS beat(8)7.74%
EPS beat(12)11
Avg EPS beat(12)7.09%
EPS beat(16)13
Avg EPS beat(16)4.51%
Revenue beat(2)1
Avg Revenue beat(2)-0.46%
Min Revenue beat(2)-0.96%
Max Revenue beat(2)0.03%
Revenue beat(4)3
Avg Revenue beat(4)0.8%
Min Revenue beat(4)-0.96%
Max Revenue beat(4)2.31%
Revenue beat(8)4
Avg Revenue beat(8)0.35%
Revenue beat(12)7
Avg Revenue beat(12)0.76%
Revenue beat(16)11
Avg Revenue beat(16)1%
PT rev (1m)-0.98%
PT rev (3m)2.05%
EPS NQ rev (1m)0.88%
EPS NQ rev (3m)3.54%
EPS NY rev (1m)0.33%
EPS NY rev (3m)3.74%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.94%
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)2.38%
Valuation
Industry RankSector Rank
PE 48.16
Fwd PE 38.25
P/S 7.34
P/FCF 40.43
P/OCF 37.37
P/B 7.55
P/tB N/A
EV/EBITDA 29.02
EPS(TTM)5.06
EY2.08%
EPS(NY)6.37
Fwd EY2.61%
FCF(TTM)6.03
FCFY2.47%
OCF(TTM)6.52
OCFY2.68%
SpS33.21
BVpS32.28
TBVpS-7.49
PEG (NY)3.2
PEG (5Y)2.92
Graham Number60.62
Profitability
Industry RankSector Rank
ROA 7.88%
ROE 15.83%
ROCE 12.78%
ROIC 10.6%
ROICexc 10.95%
ROICexgc 36.01%
OM 22.71%
PM (TTM) 15.38%
GM 39.62%
FCFM 18.15%
ROA(3y)6.83%
ROA(5y)7.56%
ROE(3y)14.33%
ROE(5y)13.99%
ROIC(3y)9.64%
ROIC(5y)10.07%
ROICexc(3y)9.9%
ROICexc(5y)10.38%
ROICexgc(3y)33.39%
ROICexgc(5y)33.47%
ROCE(3y)11.62%
ROCE(5y)12.13%
ROICexgc growth 3Y-0.02%
ROICexgc growth 5Y1.82%
ROICexc growth 3Y-0.9%
ROICexc growth 5Y1.04%
OM growth 3Y0.33%
OM growth 5Y1.51%
PM growth 3Y-1.13%
PM growth 5Y-2.61%
GM growth 3Y0.65%
GM growth 5Y0.86%
F-Score8
Asset Turnover0.51
Health
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 2.98
Debt/EBITDA 2
Cap/Depr 34.38%
Cap/Sales 1.49%
Interest Coverage 250
Cash Conversion 72.61%
Profit Quality 117.99%
Current Ratio 3.06
Quick Ratio 1.41
Altman-Z 6.22
F-Score8
WACC9.13%
ROIC/WACC1.16
Cap/Depr(3y)36.14%
Cap/Depr(5y)36.1%
Cap/Sales(3y)1.6%
Cap/Sales(5y)1.64%
Profit Quality(3y)114.39%
Profit Quality(5y)120.24%
High Growth Momentum
Growth
EPS 1Y (TTM)25.37%
EPS 3Y24.45%
EPS 5Y16.5%
EPS Q2Q%12.5%
EPS Next Y15.04%
EPS Next 2Y13.86%
EPS Next 3Y13.58%
EPS Next 5Y18.6%
Revenue 1Y (TTM)16.08%
Revenue growth 3Y26.64%
Revenue growth 5Y20.21%
Sales Q2Q%14.4%
Revenue Next Year12.96%
Revenue Next 2Y9.02%
Revenue Next 3Y7.93%
Revenue Next 5Y10.46%
EBIT growth 1Y19.75%
EBIT growth 3Y27.05%
EBIT growth 5Y22.02%
EBIT Next Year35.42%
EBIT Next 3Y17.48%
EBIT Next 5Y19.29%
FCF growth 1Y94.74%
FCF growth 3Y25.49%
FCF growth 5Y17.4%
OCF growth 1Y88.1%
OCF growth 3Y25.93%
OCF growth 5Y17.96%

HEICO CORP-CLASS A / HEI.A FAQ

Can you provide the ChartMill fundamental rating for HEICO CORP-CLASS A?

ChartMill assigns a fundamental rating of 7 / 10 to HEI.A.


What is the valuation status of HEICO CORP-CLASS A (HEI.A) stock?

ChartMill assigns a valuation rating of 4 / 10 to HEICO CORP-CLASS A (HEI.A). This can be considered as Fairly Valued.


What is the profitability of HEI.A stock?

HEICO CORP-CLASS A (HEI.A) has a profitability rating of 8 / 10.


What is the earnings growth outlook for HEICO CORP-CLASS A?

The Earnings per Share (EPS) of HEICO CORP-CLASS A (HEI.A) is expected to grow by 15.04% in the next year.


Can you provide the dividend sustainability for HEI.A stock?

The dividend rating of HEICO CORP-CLASS A (HEI.A) is 6 / 10 and the dividend payout ratio is 4.69%.