# HEICO Corporation (HEI) — Stock CV

HEICO Corporation is a $41.7B industrial company. Revenue grew 20.7% over the last year, it keeps 16¢ of every dollar of sales as profit, and its net debt equals ~1.9 years of free cash flow. It trades at 41.7× earnings.

> Heico is an aerospace and defense supplier that focuses on creating replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts.

## Identity

- **Ticker**: HEI
- **Sector**: Industrials
- **Industry**: Aircraft Engines & Engine Parts
- **Headquarters**: HOLLYWOOD, FL
- **Employees**: 11 100
- **Website**: https://www.heico.com
- **Market cap**: $41.7B
- **Last price**: $298.28
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $5.18B
- **Net income**: $848M
- **Free cash flow**: $1.03B
- **Net debt**: $1.95B
- **P/E**: 41.7
- **Revenue growth (YoY)**: 20.7%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 47 |
| Growth | 70 |
| Profitability | 72 |
| Health | 80 |
| Quality | 92 |
| Moat | 83 |

## Qualifications (beginner checklist) — 11 of 11 passed

- [x] Revenue growing — +20.7% YoY
- [x] Profitable — $848M TTM
- [x] Profit growing — +24.4% YoY
- [x] Generates cash — $1.03B TTM
- [x] Debt under control — ~1.9y of cash flow to repay
- [x] Established company — $41.7B market cap
- [x] Not printing shares — +2.5% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [x] Financially stable — Altman Z 7.3 — safe
- [x] Pays a dividend — yield 0.10%
- [x] Valuation not extreme — P/E 41.7

## Experience (career milestones)

- **FY2025** — Best year on record: $690M net income
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $1.38B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak

## Strengths

- High gross margin (40.4%)
- Revenue growing 20.7% year over year
- Strong cash conversion — FCF is 19.9% of revenue
- Interest covered 7.9× by operating earnings
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $1.87B | $304M | $408M |
| FY2022 | $2.21B | $352M | $436M |
| FY2023 | $2.97B | $404M | $399M |
| FY2024 | $3.86B | $514M | $614M |
| FY2025 | $4.49B | $690M | $861M |

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Source: https://stockcv.com/HEI — derived from company filings; may be delayed or incomplete. Information, not investment advice.