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HEICO Corporation (HEI-A)



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Upturn Advisory Summary
08/14/2025: HEI-A (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $264
1 Year Target Price $264
0 | Strong Buy |
0 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 19.89% | Avg. Invested days 53 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 37.54B USD | Price to earnings Ratio 56.87 | 1Y Target Price 264 |
Price to earnings Ratio 56.87 | 1Y Target Price 264 | ||
Volume (30-day avg) 1 | Beta 1.12 | 52 Weeks Range 174.74 - 264.71 | Updated Date 08/15/2025 |
52 Weeks Range 174.74 - 264.71 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 0.09% | Basic EPS (TTM) 4.27 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 14.54% | Operating Margin (TTM) 22.6% |
Management Effectiveness
Return on Assets (TTM) 7.44% | Return on Equity (TTM) 15.71% |
Valuation
Trailing PE 56.87 | Forward PE 46.73 | Enterprise Value 39579859301 | Price to Sales(TTM) 9.08 |
Enterprise Value 39579859301 | Price to Sales(TTM) 9.08 | ||
Enterprise Value to Revenue 9.57 | Enterprise Value to EBITDA 36.08 | Shares Outstanding 84055296 | Shares Floating 118337259 |
Shares Outstanding 84055296 | Shares Floating 118337259 | ||
Percent Insiders 10.94 | Percent Institutions 88.73 |
Upturn AI SWOT
HEICO Corporation

Company Overview
History and Background
HEICO Corporation was founded in 1957. It initially focused on precision component manufacturing. Through strategic acquisitions and organic growth, it has evolved into a leading aerospace and electronics company.
Core Business Areas
- Flight Support Group (FSG): Designs, manufactures, repairs, and distributes FAA-approved jet engine and aircraft component replacement parts. This segment also provides overhaul and repair services for aircraft components.
- Electronic Technologies Group (ETG): Produces electronic equipment, including power supplies, radar simulators, microwave and microelectronic devices, and electro-optical systems for defense, space, and commercial applications.
Leadership and Structure
Laurans A. Mendelson is the Chairman and CEO of HEICO Corporation. The company operates with a decentralized management structure, empowering its subsidiaries to drive innovation and growth.
Top Products and Market Share
Key Offerings
- FAA-Approved Replacement Parts: HEICO is a leader in the PMA (Parts Manufacturer Approval) market for commercial aviation. Market share is difficult to ascertain precisely, but HEICO is a significant player in offering alternatives to OEM parts. Revenue related is proprietary information. Competitors include Boeing, Airbus (OEM), and other PMA providers.
- Radar Simulators: Provide training environments for defense and aviation personnel. Revenue is proprietary. Competitors include CAE, L3Harris Technologies.
- Power Supplies: Designs and manufactures specialized power supplies for various industries. Revenue is proprietary. Competitors include TDK Lambda, Delta Electronics.
Market Dynamics
Industry Overview
The aerospace and defense industries are experiencing growth driven by increased air travel, defense spending, and technological advancements. Demand for aftermarket parts and services is also rising.
Positioning
HEICO Corporation is positioned as a cost-effective and innovative provider of aerospace and electronics solutions. Its competitive advantages include its PMA expertise, decentralized structure, and strong customer relationships.
Total Addressable Market (TAM)
The TAM for commercial aviation aftermarket parts is estimated in the tens of billions of dollars annually. HEICO is positioned to capture a growing share through PMA part development and strategic acquisitions. The Electronic Technologies Group serves markets valued similarly in the tens of billions.
Upturn SWOT Analysis
Strengths
- Strong PMA capabilities
- Decentralized management structure
- Consistent acquisition strategy
- Diversified product portfolio
- Experienced management team
Weaknesses
- Reliance on acquisitions for growth
- Exposure to cyclical aerospace industry
- Potential integration challenges from acquisitions
Opportunities
- Expanding PMA offerings into new aircraft platforms
- Growing demand for defense electronics
- Acquiring complementary businesses
- International expansion
- Increased outsourcing by OEMs
Threats
- Economic downturns
- Increased competition
- Regulatory changes in aviation
- Supply chain disruptions
- OEMs developing their own PMA programs
Competitors and Market Share
Key Competitors
- RTX (RTX)
- TransDigm Group Incorporated (TDG)
- Curtiss-Wright Corporation (CW)
Competitive Landscape
HEICO benefits from its specialized focus on PMA parts and decentralized structure. Competitors like RTX and TransDigm are larger and more diversified.
Major Acquisitions
Wencor Group
- Year: 2019
- Acquisition Price (USD millions): 1900
- Strategic Rationale: Expanded HEICO's portfolio of FAA-approved replacement parts and services.
Exxelia International
- Year: 2023
- Acquisition Price (USD millions): 453
- Strategic Rationale: Addition of specialty passive components, a key technology.
Growth Trajectory and Initiatives
Historical Growth: HEICO has demonstrated strong organic and acquisitive growth over the past decade.
Future Projections: Analysts project continued revenue and earnings growth for HEICO, driven by its PMA expertise and strategic acquisitions.
Recent Initiatives: Recent initiatives include acquisitions of aerospace and defense companies, as well as investments in new product development.
Summary
HEICO is a financially strong and growing aerospace and electronics company with a successful acquisition strategy and a focus on PMA parts. Its decentralized structure allows for innovation and quick adaptation. Potential risks include economic cycles in the aerospace industry and integration challenges from ongoing acquisitions. The company's consistent performance has resulted in strong returns.
Peer Comparison
Sources and Disclaimers
Data Sources:
- HEICO Corporation Investor Relations
- Yahoo Finance
- SEC Filings
- MarketWatch
- Reuters
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market data and analyst estimates are subject to change. Please conduct your own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About HEICO Corporation
Exchange NYSE | Headquaters Hollywood, FL, United States | ||
IPO Launch date 2016-01-04 | Co-CEO, Co-President & Director Mr. Eric A. Mendelson | ||
Sector Industrials | Industry Aerospace & Defense | Full time employees 10000 | Website https://www.heico.com |
Full time employees 10000 | Website https://www.heico.com |
HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. It operates in two segments Flight Support Group (FSG) and Electronic Technologies Group (ETG). The FSG segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components and assemblies. This segment also distributes hydraulic, pneumatic, structural, interconnect, mechanical, and electro-mechanical components for the commercial, regional, and general aviation markets; and offers repair and overhaul services for jet engine and aircraft component parts, avionics, instruments, composites, and flight surfaces of commercial aircraft, as well as for avionics and navigation systems, subcomponents, and other instruments utilized on military aircraft. The ETG segment provides electro-optical infrared simulation and test equipment; electro-optical laser products; electro-optical, microwave, and other power equipment; electromagnetic and radio frequency (RF) interference shielding and suppression filters; power electronics; power conversion and interface products; interconnection devices; and underwater locator and emergency locator transmission beacons. This segment also offers traveling wave tube amplifiers and microwave power modules; memory products and specialty semiconductors; harsh environment connectivity products and custom molded cable assemblies; RF and microwave products; communications and electronic intercept receivers and tuners; self-sealing auxiliary fuel systems; active antenna systems and airborne antennas; nuclear radiation detectors; silicone products; power amplifiers; ceramic-to-metal feedthroughs and connectors; technical surveillance countermeasures equipment; RF receivers and sources; embedded computing solutions; test sockets and adapters; radiation assurance services; and electronic components and rotary joint

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