NYSE$HEI

Heico Corporation · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

HEICO reported record net income, revenue, and operating income in Q2 2025 driven by strong organic growth in both major business segments.

HEICO delivered an exceptional Q2 2025, posting record revenues and operating performance, propelled by double-digit organic sales growth across its Flight Support and Electronic Technologies groups.

  • Net income rose 27% YoY to $156.8 million
  • Revenue hit a record $1.098 billion, up from $955 million
  • Operating income increased 19% YoY to $248.2 million
  • Flight Support Group achieved its 19th consecutive quarter of net sales growth

Headline financials

Total Revenue

$1.1B

Previous: $955M+14.9%
EPS

$1.12

Previous: $0.88+27.3%
Operating Margin

22.6%

Previous: 21.9%+3.2%
EBITDA

$298M

Previous: $252M+17.9%
Interest Expense

$32.9M

No prior period
Cash from Operations

$205M

No prior period
Capital Expenditures

-$33.3M

Previous: -$26.3M-26.5%
Free Cash Flow

$374M

Previous: $226M+65.3%
Net Income

$157M

Previous: $123M+27.3%
Operating Income

$248M

Previous: $209M+18.6%
Gross Profit

$438M

Previous: $372M+17.8%
Cash & Equivalents

$242M

Previous: $204M+18.7%
Total Assets

$8.09B

Previous: $7.37B+9.9%

Revenue & EPS history

Heico · Revenue · Quarterly

$1.1B

Q2 2025+14.9%vs Q2 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Heico · $944M total across 2 segments · Q4 2023

  • Flight Support Group
    $602M+73.9%
  • Electronic Technologies Group
    $343M+27.6%

Forward guidance

HEICO expects continued net sales growth driven by strong organic demand and recent acquisitions across both business segments.

Tailwinds

  • Strong organic demand in commercial aerospace and defense
  • 19 consecutive quarters of sales growth in Flight Support
  • Improved operating margins across both segments
  • Increased contribution from recent acquisitions
  • Confident in achieving full-year cash flow and revenue targets

Headwinds

  • Decreased demand in medical and defense electronics within Electronic Technologies
  • Lower gross profit margin in Electronic Technologies Group
  • Ongoing exposure to macroeconomic uncertainties
  • Pressure from changes in estimated fair value of contingent considerations
  • Increased interest expenses affecting net earnings

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+0.9%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+1.0%

Avg return

30 days after

54%

37 / 68 earnings

Positive

+13.9%

Q1 2025

Best reaction

-13.2%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026-9.2%-5.2%-20.7%
Q4 2025+5.8%+9.5%+14.2%
Q3 2025+8.7%+2.2%+4.1%
Q2 2025+7.5%+9.8%+18.9%
Q1 2025+13.9%+16.7%+17.0%
Q4 2024-9.7%-9.1%-10.4%
Q3 2024+0.3%+4.0%+6.5%
Q2 2024-2.0%+2.1%+4.4%
Q1 2024-2.8%-2.7%-2.4%
Q4 2023+1.1%-1.1%-5.3%
Q3 2023-0.5%+1.8%-3.7%
Q2 2023-6.9%-10.0%-2.7%
Q1 2023-5.3%-0.2%-3.0%
Q4 2022+1.0%+1.5%+7.1%
Q3 2022-2.0%-2.4%-7.1%
Q2 2022+2.1%+9.0%-1.6%
Q1 2022+0.1%+4.6%+9.6%
Q4 2021-2.1%-2.5%+9.5%
Q3 2021+0.1%-0.6%+3.1%
Q2 2021+0.3%+4.0%+6.1%
Q1 2021+2.7%-2.9%-5.5%
Q4 2020-3.0%-1.4%+2.7%
Q3 2020-4.1%-0.1%-8.3%
Q2 2020+11.9%+7.2%+5.5%
Q1 2020-13.2%-9.4%-26.8%
Q4 2019-4.4%-7.5%-3.7%
Q3 2019-0.4%+0.3%-11.7%
Q2 2019+12.5%+16.8%+26.4%
Q1 2019-1.4%-0.5%+0.1%
Q4 2018-0.8%-9.2%-2.6%
Q3 2018+11.6%+12.8%+13.4%
Q2 2018+2.6%+2.2%+0.5%
Q1 2018+4.6%+5.5%+6.1%
Q4 2017+1.1%-2.5%+0.8%
Q3 2017+1.6%+1.5%+10.2%
Q2 2017-2.8%+0.2%-3.5%
Q1 2017+3.9%+3.8%+5.3%
Q4 2016-4.8%-3.4%-2.7%
Q3 2016-2.3%-5.8%-5.9%
Q2 2016+1.5%+1.1%-2.5%
Q1 2016+5.9%
Q4 2015+3.2%
Q3 2015-2.2%
Q2 2015+7.4%
Q1 2015-6.0%
Q4 2014+4.7%
Q3 2014-2.3%
Q2 2014-5.9%
Q1 2014+8.1%
Q4 2013+2.8%
Q3 2013+1.0%
Q2 2013+6.2%
Q1 2013-4.5%
Q4 2012+5.3%
Q3 2012+6.4%
Q2 2012+10.9%
Q1 2012-4.4%
Q2 2011-0.5%
Q4 2011-0.5%
Q3 2011-6.4%
Q1 2011+6.4%
Q1 2010+6.4%
Q4 2008-1.2%
Q2 2010-1.2%
Q4 2010-1.2%
Q3 2009+2.8%
Q3 2010+2.8%
Q4 2009+2.8%

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