HEICO CORP
HEI, HEI-A · Aircraft Engines & Engine Parts · 26.9M shares · +0%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $8M (gross $8M)
Reference price $241.63 · est. market cap ~$6.5B — last insider sale, 2026-06-10 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A87HEICO is a dominant wide-moat aerospace aftermarket compounder with top-decile margins, strong returns and durable growth.
Strengths
- Top-decile operating margin 22.7% (90th pct), ROA 8.1% (86th) and FCF margin 19.2% (81st)
- Proprietary FAA-approved replacement-parts moat (switching costs, lower-price advantage); record revenue +16%
- Disciplined acquisition machine with ~16% multi-decade revenue/earnings CAGR
Risks
- Premium valuation leaves little room for execution missteps
- Aviation cyclicality and acquisition-integration/intangible write-down risk
- Supply-chain and raw-material availability constraints
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
39.8%
Operating margin
22.7%
Net margin
15.4%
Return on equity
16.0%
Return on assets
8.1%
Revenue growth (QoQ)
16.7%
Net-income growth
34.3%
Current ratio
2.8×
Free cash flow
$861M
EBITDA
$1.2B
Tangible book value
-$828M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-10 | Rowen Bradley K | Sell | 1.3K | $241.63 |
| 2026-06-01 | SCHRIESHEIM ALAN | Gift | 140 | — |
| 2026-05-29 | Rowen Bradley K | Tax withheld | 316 | $259.81 |
| 2026-05-29 | Rowen Bradley K | Option exercise | 1.3K | $121.39 |
| 2026-05-29 | Rowen Bradley K | Tax withheld | 764 | $259.81 |
| 2026-05-29 | Rowen Bradley K | Tax withheld | 874 | $259.81 |
| 2026-05-29 | Rowen Bradley K | Option exercise | 1.4K | $130.71 |
| 2026-05-29 | Rowen Bradley K | Option exercise | 600 | $97.00 |
| 2026-04-15 | Neitzel Julie | Sell | 676 | $223.00 |
| 2026-03-04 | CHERUVATATH NANDAKUMAR | Buy | 4.1K | $244.95 |
| 2025-12-19 | MENDELSON VICTOR H | Gift | 2.7K | — |
| 2025-10-31 | MENDELSON VICTOR H | Option exercise | 80K | $44.96 |
| 2025-10-31 | MENDELSON VICTOR H | Tax withheld | 38K | $317.77 |
| 2025-10-31 | Macau Carlos L | Option exercise | 40K | $38.37 |
| 2025-10-31 | Macau Carlos L | Tax withheld | 19K | $247.73 |
| 2025-10-31 | MENDELSON ERIC A | Option exercise | 80K | $44.96 |
| 2025-10-31 | MENDELSON ERIC A | Tax withheld | 38K | $317.77 |
| 2025-10-21 | Hildebrandt Mark H | Buy | 400 | $248.76 |
| 2025-10-10 | MENDELSON ERIC A | Buy | 676 | $243.93 |
| 2025-10-10 | Fine Carol F. | Buy | 672 | $243.93 |
| 2025-10-10 | Neitzel Julie | Buy | 676 | $243.93 |
| 2025-10-10 | Hildebrandt Mark H | Buy | 676 | $243.93 |
| 2025-10-10 | CULLIGAN THOMAS M | Buy | 676 | $243.93 |
| 2025-10-10 | SCHRIESHEIM ALAN | Buy | 672 | $243.93 |
| 2025-10-10 | HENRIQUES ADOLFO | Buy | 676 | $243.93 |
| 2025-10-10 | MENDELSON VICTOR H | Buy | 676 | $243.93 |
| 2025-07-15 | MENDELSON LAURANS A | Sell | 56K | $319.45 |
| 2025-06-30 | MENDELSON VICTOR H | Gift | 3.2K | — |
| 2025-06-23 | MENDELSON VICTOR H | Gift | 1.4K | — |
| 2025-06-05 | MENDELSON LAURANS A | Gift | 470 | — |
| 2025-06-05 | MENDELSON LAURANS A | Gift | 571 | — |
| 2025-06-03 | SCHRIESHEIM ALAN | Sell | 35K | $298.36 |
| 2025-06-03 | Schwitter Frank J | Sell | 356 | $299.10 |
| 2025-04-24 | Neitzel Julie | Sell | 700 | $246.23 |
| 2025-04-22 | SCHRIESHEIM ALAN | Sell | 50K | $239.57 |
| 2025-04-22 | MENDELSON LAURANS A | Gift | 210 | — |
| 2025-04-22 | Schwitter Frank J | Sell | 600 | $238.03 |
| 2025-04-15 | MENDELSON LAURANS A | Gift | 72 | — |
| 2025-03-04 | MENDELSON LAURANS A | Gift | 755 | — |
| 2025-01-22 | MENDELSON LAURANS A | Gift | 922 | — |
| 2025-01-06 | SCHRIESHEIM ALAN | Tax withheld | 81 | $229.60 |
| 2025-01-06 | SCHRIESHEIM ALAN | Option exercise | 32K | $0.57 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (3)
- U.S. Department of Defense
- U.S. Navy
- United States government
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-17 | Material agreementExhibits | filing ↗ |
| 2026-05-27 | ResultsExhibits | filing ↗ |
| 2026-03-17 | Shareholder vote | filing ↗ |
| 2026-02-25 | ResultsExhibits | filing ↗ |
| 2025-12-22 | Exec/director changeExhibits | filing ↗ |
| 2025-12-18 | ResultsExhibits | filing ↗ |
| 2025-09-29 | Exec/director changeExhibits | filing ↗ |
| 2025-08-25 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-17 | 2026-06-11 | 0001213900-26-069674 ↗ |
| 10-Q | 2026-05-29 | 2026-04-30 | 0000046619-26-000016 ↗ |
| 8-K | 2026-05-27 | 2026-05-27 | 0000046619-26-000012 ↗ |
| 8-K | 2026-03-17 | 2026-03-13 | 0000046619-26-000007 ↗ |
| 10-Q | 2026-02-27 | 2026-01-31 | 0000046619-26-000005 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0000046619-26-000003 ↗ |
| 10-K | 2025-12-22 | 2025-10-31 | 0000046619-25-000082 ↗ |
| 8-K | 2025-12-22 | 2025-12-18 | 0000046619-25-000080 ↗ |
| 8-K | 2025-12-18 | 2025-12-18 | 0000046619-25-000076 ↗ |
| 8-K | 2025-09-29 | 2025-09-27 | 0000046619-25-000064 ↗ |
| 10-Q | 2025-08-27 | 2025-07-31 | 0000046619-25-000062 ↗ |
| 8-K | 2025-08-25 | 2025-08-25 | 0000046619-25-000060 ↗ |