OverviewSuggest Edit

HEICO Corporation is a company engaged in the design, manufacture, and sale of aerospace, defense, and electronic related products and services. It operates in two segments: Flight Support Group (FSG) and Electronic Technologies Group (ETG). The FTG segment designs, engineers, manufactures, repairs, distributes, and overhauls aircraft parts including engines, hydraulic, pneumatic, electromechanical, avionic, structures, wheels and brakes, and interiors. The ETG segment provides electrical and electro-optical systems and components to the aerospace, defense, communications, and computer industries.

TypePublic
Founded1957
HQHollywood, FL, US
Websiteheico.com
Employee Ratings3.4
Overall CultureB

Latest Updates

Employees (est.) (Oct 2020)5,200(-11%)
Job Openings42
Revenue (FY, 2020)$1.8 B(-13%)
Share Price (Sept 2021)$127.9(+2%)
Cybersecurity ratingCMore

Key People/Management at HEICO

Laurans A. Mendelson

Laurans A. Mendelson

Chairman & Chief Executive Officer
Victor H. Mendelson

Victor H. Mendelson

Co-President - HEICO Corporation, President and CEO - HEICO Electronic Technologies Group
Eric A. Mendelson

Eric A. Mendelson

Co-President - HEICO Corporation, President and CEO - HEICO Flight Support Group
Thomas Culligan

Thomas Culligan

Board Member
Adolfo Henriques

Adolfo Henriques

Board Member
Mark H. Hildebrandt

Mark H. Hildebrandt

Board Member
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HEICO Office Locations

HEICO has offices in Hollywood and Miami
Hollywood, FL, US (HQ)
3000 Taft St
Miami, FL, US
7900 NW 64th St
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HEICO Financials and Metrics

HEICO Revenue

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HEICO's revenue was reported to be $1.79 b in FY, 2020 which is a 13.1% decrease from the previous period.
USD

Revenue (Q2, 2021)

466.7m

Gross profit (Q2, 2021)

179.8m

Gross profit margin (Q2, 2021), %

38.5%

Net income (Q2, 2021)

76.5m

EBIT (Q2, 2021)

96.7m

Market capitalization (15-Sept-2021)

16.5b

Closing stock price (15-Sept-2021)

127.9

Cash (30-Apr-2021)

385.4m

EV

16.7b
HEICO's current market capitalization is $16.5 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

1.8b2.1b1.8b

Revenue growth, %

17%16%(13%)

Cost of goods sold

1.1b1.2b1.1b

Gross profit

690.7m813.8m682.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

466.1m515.6m532.3m506.3m468.1m386.4m417.9m466.7m

Cost of goods sold

283.9m306.3m319.5m308.2m289.3m242.9m259.5m286.9m

Gross profit

182.2m209.4m212.8m198.0m178.9m143.5m158.4m179.8m

Gross profit Margin, %

39%41%40%39%38%37%38%39%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

59.6m57.0m406.9m

Accounts Receivable

251.5m274.3m210.4m

Prepaid Expenses

21.2m19.0m24.7m

Inventories

401.6m420.3m463.2m
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

285.7m359.7m335.9m

Depreciation and Amortization

77.2m83.5m88.6m

Inventories

(49.5m)(30.1m)(28.3m)

Accounts Payable

17.4m(3.9m)(30.3m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

88.0m178.1m267.2m129.8m210.7m268.3m76.2m152.7m

Depreciation and Amortization

20.0m40.5m61.7m21.6m43.3m65.2m23.0m45.9m

Inventories

(24.3m)(26.7m)(27.0m)(20.4m)(37.8m)(48.1m)2.6m2.9m

Accounts Payable

(19.8m)(7.7m)(11.8m)(10.7m)2.6m(25.4m)1.6m10.8m
USDFY, 2018

EV/EBIT

30.9 x

EV/CFO

35.4 x

Revenue/Employee

329.2k

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

1.8 x

P/E Ratio

44.1
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HEICO Operating Metrics

HEICO's Backlog was reported to be $900m in FY, 2019. HEICO's Units Shipped was reported to be 75.5 m in Nov, 2019.
FY, 2014FY, 2015FY, 2016FY, 2017Dec, 2017FY, 2018FY, 2019Nov, 2019

Backlog

$291 m$349 m$497 m$654 m$783 m$900 m

Backlog (Electronic Technologies)

$156 m$163 m$285 m$418 m$472 m$575 m

Backlog (Flight Support)

$135 m$186 m$212 m$236 m$311 m$325 m

Units Shipped

69.59 m75.51 m
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HEICO Acquisitions / Subsidiaries

Company NameDateDeal Size
Rocky Mountain HydrostaticsJune 11, 2020
Freebird Semiconductor CorporationMay 30, 2020
Quell CorporationDecember 31, 2019
BERNIERJuly 04, 2019
Research Electronics InternationalJune 03, 2019
AeroAntenna TechnologyAugust 18, 2017
Carbon by DesignJune 20, 2017
Robertson Fuel SystemsDecember 21, 2015$255 m
Midwest Microwave Solutions Inc.August 15, 2015
Harter Aerospace LLCFebruary 02, 2015
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HEICO Revenue Breakdown

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HEICO revenue breakdown by business segment: 48.6% from Electronic Technologies Group and 51.4% from Flight Support Group

HEICO revenue breakdown by geographic segment: 33.2% from Other Countries and 66.8% from United States of America

HEICO Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

HEICO Online and Social Media Presence

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HEICO Company Culture

  • Overall Culture

    B

    74/100

  • CEO Rating

    A+

    100/100

  • Compensation

    A+

    100/100

Learn more on Comparably

HEICO News and Updates

HEICO Corporation Reports a 33% Increase in Quarterly Operating Cash Flow and 17% Quarterly Organic Net Sales Growth as the Commercial Aerospace Industry Continues to Recover

HEICO CORPORATION (NYSE:HEI.A)(NYSE:HEI) today reported an increase in net income of 42% to $76.9 million, or $.56 per diluted share, in the third quarter of fiscal 2021, up from $54.3 million, or $.40 per diluted share, in the third quarter of fiscal 2020. Net income was $218.2 million, or $1.58 pe…

HEICO Corporation Announces Regular Quarterly Conference Call

HEICO Corporation (NYSE:HEI) (NYSE:HEI.A) will release its financial results for the third quarter ended July 31, 2021. The earnings release will be available through the Internet on the Company's website at http://www.heico.com.

HEICO Corporation Completes the Acquisitions of Ridge Engineering and The Bechdon Company

HEICO Corporation (NYSE:HEI.A and HEI) today announced that its Flight Support Group completed the acquisition of Ridge Engineering, Inc. ("Ridge") and The Bechdon Company, Inc. ("Bechdon") (together, the "Companies"). On July 6, 2021, HEICO announced it had entered into an agreement, subject to reg…

Heico Corp. (HEI) gains 0.13% for July 16

Heico Corp. (NYSE: HEI) shares gained 0.13%, or $0.17 per share, to close Friday at $134.50. After opening the day at $135.02, shares of Heico. fluctuated between $135.96 and $133.76. 222,082 shares traded hands a decrease from their 30 day average of 275,162. Friday's activity brought Heico.’s mark…

Heico Corp. - Class A (HEI.A) gains 0.05% for July 15

Heico Corp. - Class A (NYSE: HEI.A) shares gained 0.05%, or $0.06 per share, to close Thursday at $122.78. After opening the day at $122.58, shares of Heico. fluctuated between $123.26 and $121.52. 588,748 shares traded hands an increase from their 30 day average of 220,326. Thursday's activity brou…

Heico Corp. (HEI) falls 1.52% for July 14

Heico Corp. (NYSE: HEI) shares fell 1.52%, or $2.08 per share, to close Wednesday at $134.87. After opening the day at $137.26, shares of Heico. fluctuated between $137.59 and $134.44. 227,734 shares traded hands a decrease from their 30 day average of 274,323. Wednesday's activity brought Heico.’s …
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HEICO Frequently Asked Questions

  • When was HEICO founded?

    HEICO was founded in 1957.

  • Who are HEICO key executives?

    HEICO's key executives are Laurans A. Mendelson, Victor H. Mendelson and Eric A. Mendelson.

  • How many employees does HEICO have?

    HEICO has 5,200 employees.

  • What is HEICO revenue?

    Latest HEICO annual revenue is $1.8 b.

  • What is HEICO revenue per employee?

    Latest HEICO revenue per employee is $343.7 k.

  • Who are HEICO competitors?

    Competitors of HEICO include Avio Aero, RUAG International and Safran Electronics & Defense.

  • Where is HEICO headquarters?

    HEICO headquarters is located at 3000 Taft St, Hollywood.

  • Where are HEICO offices?

    HEICO has offices in Hollywood and Miami.

  • How many offices does HEICO have?

    HEICO has 2 offices.