HEICO Corporation (HEI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 1.38B | 1.18B | 1.21B | 1.15B | 1.1B | 1.03B | 1.01B | 992.25M | 955.39M | 896.36M | 936.45M | 722.9M | 687.84M | 620.91M | 609.64M | 569.53M | 538.81M | 490.34M | 509.42M | 471.71M |
| Revenue Growth % | 25.31% | 14.4% | 19.31% | 15.66% | 14.91% | 14.93% | 8.25% | 37.26% | 38.9% | 44.36% | 53.61% | 26.93% | 27.66% | 26.63% | 19.67% | 20.74% | 15.46% | 17.33% | 19.53% | 22.07% |
| Cost of Goods Sold | 806.19M | 723.62M | 723.57M | 690.43M | 631.27M | 596.96M | 591.32M | 573.2M | 555.66M | 524.5M | 544.73M | 418.8M | 398.43M | 356.88M | 349M | 329.93M | 308.83M | 281.74M | 288.23M | 269.01M |
| COGS % of Revenue | 58.6% | 61.4% | 59.83% | 60.16% | 57.5% | 57.94% | 58.33% | 57.77% | 58.16% | 58.51% | 58.17% | 57.93% | 57.93% | 57.48% | 57.25% | 57.93% | 57.32% | 57.46% | 56.58% | 57.03% |
| Gross Profit | 569.52M | 454.96M | 485.84M | 457.16M | 466.55M | 433.27M | 422.35M | 419.05M | 399.73M | 371.87M | 391.72M | 304.1M | 289.41M | 264.04M | 260.64M | 239.59M | 229.98M | 208.61M | 221.2M | 202.69M |
| Gross Margin % | 41.4% | 38.6% | 40.17% | 39.84% | 42.5% | 42.06% | 41.67% | 42.23% | 41.84% | 41.49% | 41.83% | 42.07% | 42.07% | 42.52% | 42.75% | 42.07% | 42.68% | 42.54% | 43.42% | 42.97% |
| Gross Profit Growth % | 22.07% | 5.01% | 15.03% | 9.09% | 16.71% | 16.51% | 7.82% | 37.8% | 38.12% | 40.84% | 50.29% | 26.92% | 25.84% | 26.57% | 17.83% | 18.21% | 16.27% | 19.47% | 24.06% | 27.8% |
| Operating Expenses | 219.09M | 195.06M | 206.82M | 192.14M | 214.62M | 202.88M | 182.98M | 208.27M | 197.17M | 190.28M | 186.71M | 155.14M | 131.92M | 133.01M | 118.4M | 113.27M | 108.98M | 106.68M | 105.32M | 100.56M |
| OpEx % of Revenue | 15.93% | 16.55% | 17.1% | 16.74% | 19.55% | 19.69% | 18.05% | 20.99% | 20.64% | 21.23% | 19.94% | 21.46% | 19.18% | 21.42% | 19.42% | 19.89% | 20.23% | 21.76% | 20.67% | 21.32% |
| Selling, General & Admin | 219.09M | 195.06M | 206.82M | 192.14M | 185.88M | 175.28M | 154.52M | 178.49M | 169.24M | 165.18M | 159.43M | 129.77M | 109.02M | 112.77M | 98.15M | 94.61M | 90.23M | 88.28M | 88.63M | 82.58M |
| SG&A % of Revenue | 15.93% | 16.55% | 17.1% | 16.74% | 16.93% | 17.01% | 15.24% | 17.99% | 17.71% | 18.43% | 17.03% | 17.95% | 15.85% | 18.16% | 16.1% | 16.61% | 16.75% | 18% | 17.4% | 17.51% |
| Research & Development | 0 | 0 | 0 | 31.93M | 28.74M | 27.61M | 28.45M | 29.78M | 27.93M | 25.1M | 27.27M | 25.36M | 22.9M | 20.24M | 20.26M | 18.66M | 18.75M | 18.4M | 16.7M | 17.98M |
| R&D % of Revenue | - | - | - | 2.78% | 2.62% | 2.68% | 2.81% | 3% | 2.92% | 2.8% | 2.91% | 3.51% | 3.33% | 3.26% | 3.32% | 3.28% | 3.48% | 3.75% | 3.28% | 3.81% |
| Other Operating Expenses | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 350.44M | 259.9M | 279.02M | 265.02M | 251.92M | 230.39M | 239.37M | 210.78M | 202.56M | 181.59M | 205.01M | 148.96M | 157.49M | 131.03M | 142.24M | 126.32M | 121M | 101.93M | 115.87M | 102.14M |
| Operating Margin % | 25.47% | 22.05% | 23.07% | 23.09% | 22.95% | 22.36% | 23.61% | 21.24% | 21.2% | 20.26% | 21.89% | 20.61% | 22.9% | 21.1% | 23.33% | 22.18% | 22.46% | 20.79% | 22.75% | 21.65% |
| Operating Income Growth % | 39.1% | 12.81% | 16.57% | 25.73% | 24.37% | 26.87% | 16.76% | 41.5% | 28.61% | 38.59% | 44.13% | 17.92% | 30.16% | 28.55% | 22.75% | 23.68% | 24.25% | 25.63% | 29.63% | 51.41% |
| EBITDA | 407.07M | 310.91M | 330.23M | 314.79M | 300.8M | 276.61M | 284.05M | 255.09M | 245.39M | 225.09M | 248.74M | 178.49M | 187.22M | 158.09M | 168.04M | 150.14M | 144.48M | 125.15M | 140.08M | 125.03M |
| EBITDA Margin % | 29.59% | 26.38% | 27.3% | 27.43% | 27.4% | 26.85% | 28.02% | 25.71% | 25.68% | 25.11% | 26.56% | 24.69% | 27.22% | 25.46% | 27.56% | 26.36% | 26.82% | 25.52% | 27.5% | 26.51% |
| EBITDA Growth % | 35.33% | 12.4% | 16.26% | 23.4% | 22.58% | 22.89% | 14.2% | 42.91% | 31.07% | 42.39% | 48.02% | 18.88% | 29.58% | 26.32% | 19.97% | 20.08% | 20.1% | 20.18% | 24.26% | 39.86% |
| D&A (Non-Cash Add-back) | 56.63M | 51.01M | 51.21M | 49.77M | 48.88M | 46.23M | 44.69M | 44.31M | 42.83M | 43.51M | 43.73M | 29.53M | 29.72M | 27.06M | 25.81M | 23.82M | 23.48M | 23.22M | 24.2M | 22.9M |
| EBIT | 350.44M | 260.94M | 280.24M | 266.68M | 248.79M | 227.72M | 219.29M | 217.1M | 209.61M | 180.89M | 190.49M | 150.27M | 157.43M | 130.07M | 146.38M | 128.89M | 123.09M | 99.05M | 115.29M | 101M |
| Net Interest Income | -34.16M | -29.49M | -32.85M | -31.7M | -32.87M | -32.46M | -35.41M | -36.79M | -38.51M | -38.61M | -43.42M | -12.12M | -11.37M | -6.07M | -3.21M | -1.41M | -979K | -796K | -1.04M | -1.72M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 34.16M | 29.49M | 32.85M | 31.7M | 32.87M | 32.46M | 35.41M | 36.79M | 38.51M | 38.61M | 43.42M | 12.12M | 11.37M | 6.07M | 3.21M | 1.41M | 979K | 796K | 1.04M | 1.72M |
| Other Income/Expense | -32.91M | -28.44M | -31.64M | -30.04M | -36M | -35.12M | -55.48M | -30.46M | -31.45M | -39.31M | -57.95M | -10.81M | -11.43M | -7.02M | 936K | 1.16M | 1.11M | -3.67M | -1.62M | -2.85M |
| Pretax Income | 317.53M | 231.46M | 247.38M | 234.98M | 215.92M | 195.27M | 183.89M | 180.32M | 171.1M | 142.28M | 147.06M | 138.15M | 146.06M | 124M | 143.17M | 127.49M | 122.11M | 98.25M | 114.26M | 99.28M |
| Pretax Margin % | 23.08% | 19.64% | 20.46% | 20.48% | 19.67% | 18.95% | 18.14% | 18.17% | 17.91% | 15.87% | 15.7% | 19.11% | 21.23% | 19.97% | 23.48% | 22.38% | 22.66% | 20.04% | 22.43% | 21.05% |
| Income Tax | 67.2M | 26.7M | 44.6M | 44.3M | 45.4M | 13.7M | 33M | 32.5M | 36.2M | 16.8M | 33.5M | 25.4M | 31M | 21M | 33M | 34.4M | 29M | 4M | 20.9M | 15.6M |
| Effective Tax Rate % | 21.16% | 11.54% | 18.03% | 18.85% | 21.03% | 7.02% | 17.95% | 18.02% | 21.16% | 11.81% | 22.78% | 18.39% | 21.22% | 16.93% | 23.05% | 26.98% | 23.75% | 4.07% | 18.29% | 15.71% |
| Net Income | 233.8M | 190.19M | 188.3M | 177.34M | 156.79M | 167.96M | 139.69M | 136.58M | 123.15M | 114.7M | 103.43M | 102.02M | 105.12M | 93.03M | 97.2M | 82.54M | 85.01M | 86.92M | 86.06M | 76.89M |
| Net Margin % | 16.99% | 16.14% | 15.57% | 15.45% | 14.28% | 16.3% | 13.78% | 13.76% | 12.89% | 12.8% | 11.04% | 14.11% | 15.28% | 14.98% | 15.94% | 14.49% | 15.78% | 17.73% | 16.89% | 16.3% |
| Net Income Growth % | 49.11% | 13.24% | 34.8% | 29.85% | 27.32% | 46.43% | 35.06% | 33.87% | 17.15% | 23.3% | 6.4% | 23.6% | 23.66% | 7.02% | 12.95% | 7.35% | 20.29% | 23.12% | 38.08% | 41.56% |
| Net Income (Continuing) | 250.33M | 204.76M | 202.78M | 190.68M | 170.52M | 181.57M | 150.89M | 147.82M | 134.9M | 125.48M | 113.56M | 112.75M | 115.06M | 103M | 110.17M | 93.09M | 93.11M | 94.25M | 93.36M | 83.68M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 619.51M | 543.04M | 73.86M | 508.67M | 504.23M | 488.28M | 60.53M | 386.2M | 421.75M | 416.07M | 47.16M | 388.71M | 387.61M | 385.32M | 369.77M | 336.85M | 342.37M | 36.56M | 286.45M | 33.16M |
| EPS (Diluted) | 1.66 | 1.35 | 1.33 | 1.26 | 1.12 | 1.20 | 0.99 | 0.97 | 0.88 | 0.82 | 0.74 | 0.74 | 0.76 | 0.67 | 0.70 | 0.60 | 0.62 | 0.63 | 0.62 | 0.56 |
| EPS Growth % | 48.21% | 12.5% | 34.34% | 29.9% | 27.27% | 46.34% | 33.78% | 31.08% | 15.79% | 22.39% | 5.71% | 23.33% | 22.58% | 6.35% | 12.9% | 7.14% | 21.57% | 23.53% | 37.78% | 40% |
| EPS (Basic) | 1.68 | 1.36 | 1.35 | 1.27 | 1.13 | 1.21 | 1.01 | 0.99 | 0.89 | 0.83 | 0.75 | 0.74 | 0.77 | 0.68 | 0.71 | 0.61 | 0.63 | 0.64 | 0.64 | 0.57 |
| Diluted Shares Outstanding | 141.05M | 141.03M | 141.05M | 140.95M | 140.6M | 140.48M | 140.54M | 140.31M | 140.06M | 139.89M | 139.77M | 138.67M | 138.6M | 138.58M | 138.48M | 137.84M | 137.87M | 137.97M | 137.91M | 137.96M |
| Basic Shares Outstanding | 139.46M | 139.37M | 139.22M | 139.13M | 139M | 138.84M | 138.66M | 138.52M | 138.39M | 138.26M | 138.16M | 137.01M | 136.92M | 136.66M | 136.54M | 135.98M | 135.89M | 135.63M | 135.43M | 135.37M |
| Dividend Payout Ratio | - | 8.79% | - | 9.41% | - | 9.09% | - | 11.16% | - | 12.06% | - | 13.43% | - | 14.69% | - | 14.83% | - | 14.07% | - | 15.85% |