HEI
HEICO Corporation

HEICO CorporationHEI

Industrials · Aerospace & Defense
332.65USD
+1.63%
Nov 08, 2026
HEI overview ready
Supplier of FAA-Approved Aircraft Replacement Parts and Repair Services
Direct beneficiary and specialized component supplier: HEICO supplies FAA-approved alternative aircraft and engine parts, component repairs, overhaul services, and distribution to commercial, military, and business-aviation customers.
Primary theme is improving
Commercial Aerospace is improving (+6.0pp vs SPY over 21 sessions; 11 of 17 members ahead of SPY).
An early price trend
Longer-term context reads established trend, with a near-term setup of daily reclaim.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on commercial aviation market cycles.
Market Nov 6Filing Jul 31Price action Nov 7Research Nov 1

Conviction Level

PriceAction9.4BusinessPerformance7.0BusinessQuality8.0Valuation4.0ThemeMomentum7.0Improving — Revenue is growing at a steady pace (+23% year over year). Diluted EPS is up 33% year over year at $1.67. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
+6.0pp
Theme return
+1.0%
Beating SPY
11 of 17
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

An early price trend
Longer-term context reads established trend, with a near-term setup of daily reclaim.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$18.3B
Avg Volume (60D)
477.7K
60 sessions
Revenue Growth YoY
+16.3%
FY2025 vs FY2024
Gross Margin
+43.0%
Trailing twelve months
Operating Margin
+24.0%
Trailing twelve months
Free Cash Flow Yield
+5.6%
Distance from 200DMA
+4.4%
Next Earnings
2026-12-17
P/E
21.6x
EV / EBITDA
14.1x
EV / Sales
4.0x
Market metrics as of Nov 6, 2026
Financial results for the period ended Jul 31, 2026
Filed balance-sheet data as of Jul 31, 2026

Business Performance

Improving

Revenue is growing at a steady pace (+23% year over year). Diluted EPS is up 33% year over year at $1.67.

Latest reported: Q3 FY2026, ended Jul 31
Revenue growthGrowing
+23%
$1.41B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +19%
  2. +14%
  3. +25%
  4. +23%
Earnings growthGrowing
+33%
Diluted EPS $1.67 vs $1.26 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +34%
  2. +13%
  3. +48%
  4. +33%
Operating marginExpanding
25.1%
+2.0 pp YoY

Business Quality

8.0 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say fair; intrinsic is the dissenting view.
HEICO Corporation has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
Direct beneficiary and specialized component supplier: HEICO supplies FAA-approved alternative aircraft and engine parts, component repairs, overhaul services, and distribution to commercial, military, and business-aviation customers.
Opportunity
Moderate opportunity
Airlines and operators extending aircraft service lives and managing OEM delivery, engine-shop, and spare-parts constraints increase demand for certified alternative replacement parts, component repair, and independent maintenance capabilities.
Key risk
Dependence on commercial aviation market cycles.

Economic classification

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Business & Markets

Industrials · Aerospace & Defense
What they do

HEICO Corporation designs, manufactures, and distributes aerospace, defense, and electronic products, operating primarily through its Flight Support Group and Electronic Technologies Group segments.

How it earns

HEICO generates revenue mainly through transactional sales of replacement parts, components, and repair and overhaul services.

Products & services
FAA-approved jet engine and aircraft replacement parts
Thermal insulation blankets and renewable insulation systems
Hydraulic, pneumatic, structural, interconnect, mechanical, and electro-mechanical components
Repair and overhaul services for jet engines and aircraft components
Specialized electronic, RF, power, interconnect, and electro-optical systems
Customers & end markets
Commercial aviation operators
Regional and general aviation markets
Defense and space sectors
Market position

Niche leader in FAA-approved aftermarket aerospace parts and specialized defense electronics.

Demand drivers
Medium cyclicality

Demand is influenced by commercial aviation fleet utilization cycles and defense spending patterns.

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