HEICO (HEI) Stock Analysis

November 11, 2026

This is a peer-relative look at HEICO (HEI): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Capital Goods peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for HEICO (HEI)
Profile Item	HEI
Name	HEICO Corporation
Country/Region	United States
GICS Sector	Industrials
GICS Industry Group	Capital Goods
GICS Industry	Aerospace & Defense
GICS Sub-Industry	Aerospace & Defense
Market Capitalization	46.49 billion USD
Currency	USD
Exchange	NYSE
Listing Date	March 17, 1980
Security Type	Common Stock

Price Performance

Cumulative Growth

HEI

GSPC

HEICO (HEI) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for HEICO (HEI) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for HEICO (HEI) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

HEICO (HEI) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HEI	Industry group median
Total Return (1Y)	6.50%	6.84%
Total Return (3Y, Annualized)	28.48%	17.66%
Total Return (5Y, Annualized)	18.19%	9.09%

Risk Profile

Drawdown History

HEI

GSPC

HEICO (HEI) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for HEICO (HEI) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

HEICO (HEI) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HEI	Industry group median
Volatility (1Y, Annualized)	33.37%	44.38%
Beta (5Y)	1.06	1.19
Max Drawdown (5Y)	-27.11%	-49.95%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. HEI is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

HEICO (HEI) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HEI	Industry group median
Sharpe Ratio (1Y)	0.07	0.06
Sortino Ratio (1Y)	0.10	0.09

Profitability

ROE (TTM)

HEICO (HEI) posts ROE of 17.73%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

HEI

Capital Goods industry group

17.73%

Group distribution

Max: 40.55%
Q3: 19.29%
HEI: 17.73%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Largest peers

GEV: 93.04%
CAT: 56.14%
GE: 50.17%
DE: 18.24%
HEI: 17.73%
RTX: 12.85%
BA: --

Where HEICO (HEI) stands on ROE within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

HEICO (HEI) keeps 16.38% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

HEI

Capital Goods industry group

16.38%

Group distribution

Max: 27.47%
HEI: 16.38%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Largest peers

GEV: 23.54%
GE: 17.31%
HEI: 16.38%
CAT: 15.21%
DE: 10.17%
RTX: 8.75%
BA: 8.07%

Where HEICO (HEI) stands on net margin within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

HEICO (HEI) turns 25.14% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

HEI

Capital Goods industry group

25.14%

Group distribution

Max: 36.60%
HEI: 25.14%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Largest peers

HEI: 25.14%
CAT: 20.19%
GE: 18.49%
RTX: 15.54%
DE: 13.37%
GEV: 12.77%
BA: 0.30%

Where HEICO (HEI) stands on operating margin within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

HEICO (HEI) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HEI	Industry group median
ROE (TTM)	17.73%	12.12%
ROA (TTM)	8.50%	5.29%
Net Margin (TTM)	16.38%	6.30%
Operating Margin (TTM)	25.14%	11.12%
Gross Margin (TTM)	40.40%	29.63%

Growth

Revenue Growth

HEICO (HEI) grew revenue 16.26%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

HEICO (HEI): Revenue Growth across different time periods, set against Capital Goods industry-group medians.

EPS Growth

HEICO (HEI) grew earnings per share 33.52%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

HEICO (HEI): EPS Growth across different time periods, set against Capital Goods industry-group medians.

Growth Metrics

HEICO (HEI) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HEI	Industry group median
Revenue Growth (YoY)	16.26%	8.11%
Revenue Growth (3Y CAGR)	26.64%	6.45%
EPS Growth (YoY)	33.52%	5.45%
EPS Growth (3Y CAGR)	24.32%	7.15%

Financial Strength

Current Ratio (MRQ)

HEICO (HEI) has current ratio of 2.72, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

HEI

Capital Goods industry group

2.72

Group distribution

Max: 5.22
Q3: 2.95
HEI: 2.72
Median: 2.08
Q1: 1.43
Min: 0.36

Largest peers

HEI: 2.72
DE: 2.13
CAT: 1.42
BA: 1.13
RTX: 1.05
GE: 0.98
GEV: 0.83

Where HEICO (HEI) stands on current ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

HEICO (HEI) has debt-to-equity ratio of 0.45, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

HEI

Capital Goods industry group

0.45

Group distribution

Max: 2.33
Q3: 1.12
Median: 0.60
HEI: 0.45
Q1: 0.29
Min: 0.00

Largest peers

BA: 7.39
DE: 2.30
CAT: 2.10
GE: 1.16
RTX: 0.55
HEI: 0.45
GEV: 0.30

Where HEICO (HEI) stands on debt-to-equity ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

HEICO (HEI) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HEI	Industry group median
Current Ratio (MRQ)	2.72	2.08
Debt / Equity (MRQ)	0.45	0.60
Net Debt / EBITDA	1.56	1.78

Dividends

Dividend Yield (TTM)

HEICO (HEI) has dividend yield of 0.08%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

HEI

Capital Goods industry group

0.08%

Group distribution

Max: 2.66%
Q3: 1.14%
Median: 0.24%
HEI: 0.08%
Q1: 0.00%
Min: 0.00%

Largest peers

RTX: 1.47%
CAT: 1.13%
DE: 0.98%
GE: 0.56%
GEV: 0.26%
HEI: 0.08%
BA: 0.00%

Where HEICO (HEI) stands on dividend yield within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

HEICO (HEI) has payout ratio of 4.17%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

HEI

Capital Goods industry group

4.17%

Group distribution

Max: 67.39%
Q3: 28.02%
Median: 6.86%
HEI: 4.17%
Q1: 0.00%
Min: 0.00%

Largest peers

RTX: 45.85%
DE: 36.02%
CAT: 24.18%
GE: 20.23%
GEV: 4.59%
HEI: 4.17%
BA: 0.00%

Where HEICO (HEI) stands on payout ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

HEICO (HEI) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HEI	Industry group median
Dividend Yield (TTM)	0.08%	0.24%
Dividend Payout Ratio (TTM)	4.17%	6.86%

Valuation

P/E Ratio (TTM)

HEICO (HEI) trades at P/E ratio of 55.44, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

HEI

Capital Goods industry group

55.44

Group distribution

Max: 59.38
HEI: 55.44
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

Largest peers

HEI: 55.44
DE: 37.33
GE: 36.94
RTX: 30.82
CAT: 21.92
GEV: 20.32
BA: 17.89

Where HEICO (HEI) stands on P/E ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

HEICO (HEI) trades at 8.98 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

HEI

Capital Goods industry group

8.98

Group distribution

HEI: 8.98
Max: 7.54
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Largest peers

HEI: 8.98
GE: 6.38
GEV: 4.65
DE: 3.78
CAT: 3.29
RTX: 2.66
BA: 1.45

Where HEICO (HEI) stands on P/S ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

HEICO (HEI) trades at 9.40 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

HEI

Capital Goods industry group

9.40

Group distribution

Max: 9.66
HEI: 9.40
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

Largest peers

BA: 20.99
GE: 19.06
GEV: 18.00
CAT: 11.90
HEI: 9.40
DE: 6.47
RTX: 3.69

Where HEICO (HEI) stands on P/B ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

HEICO (HEI) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HEI	Industry group median
P/E Ratio (TTM)	55.44	25.41
P/S Ratio (TTM)	8.98	2.15
P/B Ratio (MRQ)	9.40	3.12
Free Cash Flow Yield (TTM)	1.82%	3.03%