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Heico (HEI) earnings and revenue breakdown

Latest: Q3 FY26 · 10-Q filed Aug 27, 2026 · Heico (HEI) Q3 FY26 earnings results →

Q3 FY26 Revenue up 23% year over year to $1.4B · 17¢ of every $1 of revenue kept as net profit · operating margin 25.1%

Heico made $1.4B in Q3 FY26 (+23% Y/Y). Operating margin 25.1%, net earnings $235M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 27, 2026.

Revenue$1.4B
Year over year+23%
Operating margin25.1%
Net earnings$235M
Operating cash flow$345M

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Heico Q3 FY26 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
Heico Q3 FY26 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $1.4B in Q3 FY26, up 23% year over year and up 3% from the previous quarter.

Operating profit was $0.36B, a 25.1% margin (up 2.0 points year over year). Of the extra revenue versus Q3 FY25, 34% reached operating profit, above the 23% margin then. Total costs grew 20% against revenue growth of 23%. Net earnings were $0.24B, up 33% year over year. The effective tax rate was 20.6%.

Operating cash flow was $0.35B (up 49% year over year), 136% of net income including minority interests. Non-cash charges added back $0.06B of depreciation and amortization. Working capital and other items added $0.03B. Capital expenditures of $0.02B left free cash flow of $0.32B.

Quarterly history

Heico revenue by quarterHeico revenue by quarter$1.0BQ4 FY24$1.1BQ2 FY25$1.1BQ3 FY25$1.2BQ4 FY25$1.2BQ1 FY26$1.4BQ2 FY26$1.4BQ3 FY26
Heico net earnings by quarterHeico net earnings by quarter$140MQ4 FY24$157MQ2 FY25$177MQ3 FY25$188MQ4 FY25$190MQ1 FY26$234MQ2 FY26$235MQ3 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 FY2610-QAug 27, 2026$1.4B+23%25.1%$235M$345M
Q2 FY2610-QMay 29, 2026$1.4B+25%25.5%$234M$292M
Q1 FY2610-QFeb 27, 2026$1.2B+14%22.1%$190M$179M
Q4 FY2510-KDec 22, 2025$1.2B+19%23.1%$188M$295M
Q3 FY2510-QAug 27, 2025$1.1B+16%23.1%$177M$231M
Q2 FY2510-QMay 29, 2025$1.1B+15%22.6%$157M$205M
Q4 FY2410-KDec 19, 2024$1.0B+8%21.6%$140M$206M

Charts

Heico: revenue growth, year over year and quarter over quarterHeico: revenue growth, year over year and quarter over quarterY/YQ/Q+8%Q4 FY24+15%+8%Q2 FY25+16%+5%Q3 FY25+19%+5%Q4 FY25+14%-3%Q1 FY26+25%+17%Q2 FY26+23%+3%Q3 FY26
Latest (Q3 FY26): Y/Y +23%, Q/Q +3%.
Heico: where the cash came from (+) and went (−), TTM to Q3 FY26Heico: where the cash came from (+) and went (−), TTM to Q3 FY26Operating cash flow$1.1BAcquisitions−$1.0BNet borrowing (+) / repaid (−)$102MCapital spending−$81.0MPartners−$66.4MDividends−$34.9MOther financing−$33.0MCash drawn (+) / kept (−)$20.9MOther investing−$7.8MShares issued$6.8MNot reconciled$625K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Heico: profit against cash, quarter by quarterHeico: profit against cash, quarter by quarterNet incomeOperating cash flow$151M$206MQ4 FY24$182M$203MQ1 FY25$171M$205MQ2 FY25$191M$231MQ3 FY25$203M$295MQ4 FY25$205M$179MQ1 FY26$250M$292MQ2 FY26$254M$345MQ3 FY26
Latest (Q3 FY26): Net income $254M, Operating cash flow $345M.
Heico: diluted shares by fiscal yearHeico: diluted shares by fiscal year137MFY20138MFY21138MFY22139MFY23140MFY24141MFY25
+2.5% since FY20: more shares outstanding (issuance, stock pay).
Heico in its industry: growth against margin (6 companies, SIC 3724)Heico in its industry: growth against margin (6 companies, SIC 3724)revenue growth, year over year →↑ operating marginmedian +11%median 21%RTXHONHONASAROSIFHEI (+23%, 25%)
Aircraft Engines & Engine Parts; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About Heico

HEICO Corporation through its subsidiaries (collectively, “HEICO,” “we,” “us,” “our” or the “Company”) believes it is the world’s largest manufacturer of Federal Aviation Administration (“FAA”)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (“OEMs”) and their subcontractors. HEICO also believes it is a leading manufacturer of various types of electronic equipment for the aviation, defense, space, medical, telecommunications and electronics industries. The Company was originally organized in 1957 as a holding company known as HEICO Corporation. As part of a reorganization completed in 1993, the original holding company (formerly known as HEICO Corporation) was renamed as HEICO Aerospace Corporation and a new holding corporation known as HEICO Corporation was created.

In its own words, from its 10-K, filed Dec 22, 2025.

Heico against its Aircraft Engines & Engine Parts peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +23% against the peers' median +11%. Operating margin: 25.1% against the peers' median 21.3%.

CompanyQuarterRevenueY/YOp. margin
HEI HeicoQ3 FY26$1.4B+23%25.1%
RTX RTXQ3 2026$25.0B+11%13.4%
HON Honeywell InternationalQ3 2026$5.0B+1%21.3%
HONA Honeywell AerospaceQ3 2026$4.6B+2%25.0%
SARO StandardAeroQ3 2026$1.6B+4%10.3%
SIF Sifco IndustriesQ3 FY26$26.1M+18%1.1%

Source: Heico 10-Q on SEC EDGAR · CIK 46619 · Aircraft Engines & Engine Parts

13F: who owns HEI and who is buying

Largest holders of HEI (13F)Largest holders of HEI (13F)BlackRock$1.4BVanguard Group$1.3BPrice T Rowe Associates$1.1BCapital International Investors$1.0BVanguard Portfolio Management LLC$798MState Street$597MCapital World Investors$595MFMR LLC$516MVanguard Capital Management LLC$495MUBS Group AG$488M
Funds' net buying of HEI by quarter (13F)Funds' net buying of HEI by quarter (13F)−$279M2024-09−$246M2024-12−$61.0M2025-03$166M2025-06−$161M2025-09$487M2025-12$416M2026-03$664M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on HEI

History

Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results

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