HEICO CORPORATION
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.49B | $3.86B | $2.97B | $2.21B | $1.87B | $1.79B | $2.06B | $1.78B |
| Cost of Revenue | $2.70B | $2.36B | $1.81B | $1.35B | $1.14B | $1.10B | $1.24B | $1.09B |
| Gross Profit | $1.79B | $1.50B | $1.15B | $862.8M | $727.4M | $682.1M | $813.8M | $690.7M |
| Gross Margin | 39.8% | 38.9% | 38.9% | 39.1% | 39.0% | 38.2% | 39.6% | 38.9% |
| Operating Expenses | ||||||||
| Research & Development | $120.9M | $111.3M | $95.8M | $76.1M | $68.9M | $65.6M | $66.6M | $57.5M |
| SG&A Expense | $767.5M | $677.3M | $528.1M | $365.9M | $334.5M | $305.5M | $356.7M | $314.5M |
| Operating Income | $1.02B | $824.5M | $625.3M | $496.8M | $392.9M | $376.6M | $457.1M | $376.2M |
| Operating Margin | 22.7% | 21.4% | 21.1% | 22.5% | 21.1% | 21.1% | 22.2% | 21.2% |
| Interest Expense | $129.9M | $149.3M | $3.8M | $6.4M | $7.3M | $13.2M | $21.7M | $19.9M |
| Pretax Income | $893.6M | $677.6M | $555.3M | $491.0M | $387.1M | $364.9M | $437.8M | $356.3M |
| Income Tax Expense | $148.0M | $118.5M | $110.9M | $100.4M | $57.3M | $29.0M | $78.1M | $70.6M |
| Net Income | $690.4M | $514.1M | $403.6M | $351.7M | $304.2M | $314.0M | $327.9M | $259.2M |
| Net Margin | 15.4% | 13.3% | 13.6% | 15.9% | 16.3% | 17.6% | 16.0% | 14.6% |
| EPS (Basic) | $4.97 | $3.71 | $2.94 | $2.59 | $2.25 | $2.33 | $2.45 | $1.96 |
| EPS (Diluted) | $4.90 | $3.67 | $2.91 | $2.55 | $2.21 | $2.29 | $2.39 | $1.90 |
| Shares Outstanding (Basic) | 139.0M | 138.5M | 137.2M | 136.0M | 135.3M | 134.8M | 133.6M | 132.5M |
| Shares Outstanding (Diluted) | 140.8M | 140.2M | 138.9M | 138.0M | 137.9M | 137.3M | 137.4M | 136.7M |
| Dividends Per Share | $0.23 | $0.21 | $0.20 | $0.18 | $0.17 | $0.16 | $0.14 | $0.12 |