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HEI

Heico Corporation

US$302.45-1.29% (-US$3.94)
Day's range
US$302.21 – US$311.23
Day's volume
US$147.7m
52-week range
US$260.89 – US$374.67

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See how HEI weighs in your net worth, what it has paid you and how far it is from your target allocation.

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HEI in numbers

Market cap
US$8.1bn
P/E
9.60
P/B
1.64
Dividend yield (12m)
0.08%
Net debt/EBITDA
-0.16

The 12-month dividend yield of HEI is 0.08%, below its 5-year average of 0.10%.

HEI price history

03/10/202502/10/2026
Compare with

HEI risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-4.49%+77.30%+119.47%
Volatility (annualised)36.10%28.56%27.80%
Largest drawdown-18.43%-18.43%-18.43%
Positive months6/1222/3632/60

How much did investing in HEI return?

US$1,000.00 invested on 01/11/2021 would be worth US$2,194.69 today.

Value today in HEI
US$2,194.69
Return over the period
+119.47%
Return per year
+17.33%
In the S&P 500
US$1,690.98

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

HEI fundamentals

Valuation

  • P/E
    9.60
  • P/B
    1.64
  • EV/EBITDA
    5.40
  • EV/EBIT
    6.35
  • EV/Revenue
    1.53
  • P/EBIT
    6.54
  • P/S
    1.57
  • P/OCF
    7.32
  • P/FCF
    7.90
  • Earnings yield
    15.75%
  • PEG ratio
    —
  • Earnings per share
    US$31.51
  • Book value per share
    US$183.89

Debt

  • Net debt
    -US$237.4m
  • Net debt/EBITDA
    -0.16
  • Net debt/Equity
    -0.05
  • Debt/Equity
    0.00
  • Current ratio
    2.72
  • Quick ratio
    1.27
  • Cash ratio
    0.24

Efficiency

  • Gross margin
    40.40%
  • EBITDA margin
    28.24%
  • Operating margin
    24.04%
  • Net margin
    16.38%
  • Asset turnover
    0.52

Profitability

  • ROE
    17.13%
  • ROA
    8.53%
  • ROIC
    21.58%
  • Payout
    0.79%

Growth

  • Revenue CAGR (5 years)
    23.77%
  • Earnings CAGR (5 years)
    24.76%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is HEI's fair price?

Two classic value formulas, with today's numbers. The current price is US$302.45.

Graham's fair price
US$361.05
19.38% above the price

√(22.50 × US$31.51 × US$183.89)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$3.30
98.91% below the price

US$0.20 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

HEI indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
Dividend yield0.07%0.09%0.11%0.12%0.12%0.12%0.12%0.15%
ROE16.04%14.14%12.83%13.49%13.44%15.86%19.68%18.54%
ROIC20.78%19.55%16.80%16.01%14.79%17.51%22.54%21.58%
Gross margin39.83%38.93%38.86%39.07%38.99%38.17%39.59%97.79%
EBITDA margin27.09%25.92%25.45%26.86%26.05%26.03%26.30%25.51%
Net margin15.39%13.33%13.60%15.92%16.31%17.57%15.95%14.58%
Net debt/EBITDA-0.18-0.16-0.22-0.23————

HEI financial statements

Line202520242023202220212020
Net revenueUS$4.5bnUS$3.9bnUS$3bnUS$2.2bnUS$1.9bnUS$1.8bn
Cost of sales-US$2.7bn-US$2.4bn-US$1.8bn-US$1.3bn-US$1.1bn-US$1.1bn
Gross profitUS$1.8bnUS$1.5bnUS$1.2bnUS$862.8mUS$727.4mUS$682.1m
EBITDAUS$1.2bnUS$999.8mUS$755.4mUS$593.2mUS$485.9mUS$465.2m
EBITUS$1bnUS$824.5mUS$625.3mUS$496.8mUS$392.9mUS$376.6m
Net finance result——————
Profit before taxUS$893.6mUS$677.6mUS$555.3mUS$491mUS$387.1mUS$364.9m
Income tax-US$148m-US$118.5m-US$110.9m-US$100.4m-US$57.3m-US$29m
Net incomeUS$690.4mUS$514.1mUS$403.6mUS$351.7mUS$304.2mUS$314m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does HEI pay dividends?

Dividend yield per year

  • 0.16%2017
  • 0.15%2018
  • 0.12%2019
  • 0.12%2020
  • 0.12%2021
  • 0.12%2022
  • 0.11%2023
  • 0.09%2024
  • 0.07%2025
  • 0.08%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend30/06/202615/07/2026US$0.13
Dividend02/01/202620/01/2026US$0.12
Dividend30/06/202515/07/2025US$0.12
Dividend02/01/202517/01/2025US$0.11
Dividend28/06/202415/07/2024US$0.11
Dividend02/01/202419/01/2024US$0.10
Dividend29/06/202317/07/2023US$0.10
Dividend03/01/202323/01/2023US$0.10
Dividend29/06/202215/07/2022US$0.09
Dividend04/01/202220/01/2022US$0.09
Dividend29/06/202115/07/2021US$0.09
Dividend05/01/202121/01/2021US$0.08
See all 20 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend29/06/202015/07/2020US$0.08
Dividend07/01/202023/01/2020US$0.08
Dividend27/06/201915/07/2019US$0.07
Dividend01/01/201917/01/2019US$0.07
Dividend09/07/201819/07/2018US$0.06
Dividend01/01/201817/01/2018US$0.06
Dividend29/06/201719/07/2017US$0.05
Dividend29/12/201618/01/2017US$0.05

About Heico

Sector
Manufacturing

Questions about HEI

How much is HEI today?

HEI is at US$302.45 (-1.29% on the day), last traded on 02/10/2026.

How much did HEI pay in dividends in 2025?

HEI paid US$0.23 per share in 2025, a dividend yield of 0.07%.

What are the P/E and P/B of HEI?

HEI trades at a P/E of 9.60 and a P/B of 1.64.

How much did HEI return in 12 months?

HEI returned -4.49% in 12 months, with annualised volatility of 36.10% and a largest drawdown of -18.43%.