HEI vs. LHX: HEICO vs. L3Harris Stock Comparison

November 11, 2026

How do HEICO (HEI) and L3Harris (LHX) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

HEICO (HEI) and L3Harris (LHX) are both classified in the Aerospace & Defense sub-industry within the broader Aerospace & Defense industry, placing them in the closest GICS peer bucket.

Company profile comparison for HEICO (HEI) and L3Harris (LHX)
Profile Item	HEI	LHX
Name	HEICO Corporation	L3Harris Technologies, Inc.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Aerospace & Defense
GICS Sub-Industry	Aerospace & Defense	Aerospace & Defense
Market Capitalization	46.49 billion USD	48.39 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	December 31, 1981
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

HEI

LHX

GSPC

HEICO (HEI) vs. L3Harris (LHX), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for HEICO (HEI) and L3Harris (LHX). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for HEICO (HEI) and L3Harris (LHX). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for HEICO (HEI) and L3Harris (LHX)
Metric	HEI	LHX
Total Return (1Y)	6.50%	-5.21%
Total Return (3Y, Annualized)	28.48%	16.68%
Total Return (5Y, Annualized)	18.19%	5.91%

Risk Profile

Drawdown History

HEI

LHX

GSPC

HEICO (HEI) vs. L3Harris (LHX), with S&P 500 (GSPC) for reference: 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

Loading price history…

Distribution of monthly total returns for HEICO (HEI) and L3Harris (LHX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for HEICO (HEI) and L3Harris (LHX)
Metric	HEI	LHX
Volatility (1Y, Annualized)	33.37%	29.75%
Beta (5Y)	1.06	0.46
Max Drawdown (5Y)	-27.11%	-38.16%
Avg. Volume (3M)	480.74K	1.70M

Risk-Adjusted Performance

Risk-Return Positioning

HEI and LHX are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for HEICO (HEI) and L3Harris (LHX)
Metric	HEI	LHX
Sharpe Ratio (1Y)	0.07	-0.32
Sortino Ratio (1Y)	0.10	-0.45

Profitability

ROE (TTM)

Both HEICO (HEI) at 17.73% and L3Harris (LHX) at 10.03% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

HEI

Capital Goods industry group

17.73%

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

LHX

Capital Goods industry group

10.03%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
LHX: 10.03%
Q1: 4.08%
Min: -17.12%

HEICO (HEI) vs. L3Harris (LHX): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

HEICO (HEI) at 16.38% retains a top-quartile share of revenue as profit, ahead of L3Harris (LHX) at 8.76%, which keeps about the industry-typical share.

HEI

Capital Goods industry group

16.38%

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

LHX

Capital Goods industry group

8.76%

Max: 27.47%
Q3: 12.10%
LHX: 8.76%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

HEICO (HEI) vs. L3Harris (LHX): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

HEICO (HEI) at 25.14% operates in the top operating margin quartile, ahead of L3Harris (LHX) at 14.34%, which runs around its industry’s norm.

HEI

Capital Goods industry group

25.14%

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

LHX

Capital Goods industry group

14.34%

Max: 36.60%
Q3: 18.33%
LHX: 14.34%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

HEICO (HEI) vs. L3Harris (LHX): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for HEICO (HEI) and L3Harris (LHX)
Metric	HEI	LHX
ROE (TTM)	17.73%	10.03%
ROA (TTM)	8.50%	4.56%
Net Margin (TTM)	16.38%	8.76%
Operating Margin (TTM)	25.14%	14.34%
Gross Margin (TTM)	40.40%	25.55%

Growth

Revenue Growth

Both HEICO (HEI) at 16.26% and L3Harris (LHX) at 2.53% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

HEICO (HEI) vs. L3Harris (LHX): A comparison of their Revenue Growth across different time periods.

EPS Growth

HEICO (HEI) at 33.52% sits in the top EPS growth quartile, while L3Harris (LHX) at 8.39% is closer to the peer norm — faster per-share earnings growth for HEI.

HEICO (HEI) vs. L3Harris (LHX): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for HEICO (HEI) and L3Harris (LHX)
Metric	HEI	LHX
Revenue Growth (YoY)	16.26%	2.53%
Revenue Growth (3Y CAGR)	26.64%	8.62%
EPS Growth (YoY)	33.52%	8.39%
EPS Growth (3Y CAGR)	24.32%	15.82%

Financial Strength

Current Ratio (MRQ)

HEICO (HEI) at 2.72 keeps current ratio within its industry’s typical mid-range, while L3Harris (LHX) at 1.20 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for LHX.

HEI

Capital Goods industry group

2.72

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

LHX

Capital Goods industry group

1.20

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
LHX: 1.20
Min: 0.36

HEICO (HEI) vs. L3Harris (LHX): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both HEICO (HEI) at 0.45 and L3Harris (LHX) at 0.52 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

HEI

Capital Goods industry group

0.45

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

LHX

Capital Goods industry group

0.52

Max: 2.33
Q3: 1.12
Median: 0.60
LHX: 0.52
Q1: 0.29
Min: 0.00

HEICO (HEI) vs. L3Harris (LHX): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for HEICO (HEI) and L3Harris (LHX)
Metric	HEI	LHX
Current Ratio (MRQ)	2.72	1.20
Debt / Equity (MRQ)	0.45	0.52
Net Debt / EBITDA	1.56	1.88

Dividends

Dividend Yield (TTM)

L3Harris (LHX) at 1.92% delivers top-quartile income for its industry, while HEICO (HEI) at 0.08% pays a more typical yield — both are credible income propositions, LHX the richer one.

HEI

Capital Goods industry group

0.08%

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

LHX

Capital Goods industry group

1.92%

Max: 2.66%
LHX: 1.92%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

HEICO (HEI) vs. L3Harris (LHX): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

HEICO (HEI) at 4.17% pays out a band-typical share of earnings, while L3Harris (LHX) at 46.09% distributes more than its industry norm — less retained, thinner cover.

HEI

Capital Goods industry group

4.17%

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

LHX

Capital Goods industry group

46.09%

Max: 67.39%
LHX: 46.09%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

HEICO (HEI) vs. L3Harris (LHX): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for HEICO (HEI) and L3Harris (LHX)
Metric	HEI	LHX
Dividend Yield (TTM)	0.08%	1.92%
Dividend Payout Ratio (TTM)	4.17%	46.09%

Valuation

P/E Ratio (TTM)

L3Harris (LHX) at 24.20 is near its industry’s usual P/E ratio, while HEICO (HEI) at 55.44 sits in the richer quartile — HEI needs stronger growth or earnings quality to justify the premium.

HEI

Capital Goods industry group

55.44

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

LHX

Capital Goods industry group

24.20

Max: 59.38
Q3: 35.92
Median: 25.41
LHX: 24.20
Q1: 19.47
Min: 3.03

HEICO (HEI) vs. L3Harris (LHX): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

L3Harris (LHX) at 2.07 prices around its industry’s typical P/S ratio, while HEICO (HEI) at 8.98 clears its benchmark range — HEI looks notably rich on sales.

HEI

Capital Goods industry group

8.98

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

LHX

Capital Goods industry group

2.07

Max: 7.54
Q3: 3.76
Median: 2.15
LHX: 2.07
Q1: 1.03
Min: 0.03

HEICO (HEI) vs. L3Harris (LHX): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

L3Harris (LHX) at 2.39 is valued about in line with its industry on P/B ratio, while HEICO (HEI) at 9.40 carries an above-peer premium to book — HEI is pricier on assets.

HEI

Capital Goods industry group

9.40

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

LHX

Capital Goods industry group

2.39

Max: 9.66
Q3: 5.00
Median: 3.12
LHX: 2.39
Q1: 1.81
Min: -1.08

HEICO (HEI) vs. L3Harris (LHX): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for HEICO (HEI) and L3Harris (LHX)
Metric	HEI	LHX
P/E Ratio (TTM)	55.44	24.20
P/S Ratio (TTM)	8.98	2.07
P/B Ratio (MRQ)	9.40	2.39
Free Cash Flow Yield (TTM)	1.82%	7.09%