HEICO CORP (HEI) closed fiscal year 2025 with a gross margin of 39.8 % and a net margin of 15.4 %.
HEICO CORP (HEI) closed fiscal year 2025 with a gross margin of 39.8 % and a net margin of 15.4 %. The same year shows an EBITDA margin of 27.1 % and an EBIT margin of 22.7 %. The free cash flow margin was 19.2 %. Against the previous year the gross margin moved +0.9 pp and the net margin +2.1 pp. Across the period the gross margin ranges between 33.6 % in 2009 and 39.8 % in 2025. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: October
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 36.15 % | 33.63 % | 36.04 % | 35.88 % | 36.49 % | 36.80 % | 35.18 % | 36.53 % | 37.46 % | 37.69 % | 38.85 % | 39.59 % | 38.17 % | 38.99 % | 39.07 % | 38.86 % | 38.93 % | 39.83 % |
| EBITDA margin (%) | 20.75 % | 19.18 % | 20.55 % | 20.52 % | 21.61 % | 21.85 % | 22.18 % | 23.35 % | 23.66 % | 24.36 % | 25.51 % | 26.30 % | 26.03 % | 26.05 % | 26.86 % | 25.45 % | 25.92 % | 27.09 % |
| EBIT margin (%) | 18.17 % | 16.40 % | 17.69 % | 18.10 % | 18.20 % | 18.20 % | 17.96 % | 19.32 % | 19.28 % | 20.11 % | 21.16 % | 22.24 % | 21.08 % | 21.06 % | 22.50 % | 21.07 % | 21.37 % | 22.72 % |
| Net margin (%) | 8.33 % | 8.29 % | 8.90 % | 9.52 % | 9.49 % | 10.15 % | 10.71 % | 11.22 % | 11.35 % | 12.20 % | 14.58 % | 15.95 % | 17.57 % | 16.31 % | 15.92 % | 13.60 % | 13.33 % | 15.39 % |
| FCF margin (%) | 10.25 % | 12.18 % | 15.05 % | 15.17 % | 13.74 % | 11.25 % | 15.39 % | 13.01 % | 16.63 % | 17.20 % | 16.12 % | 19.87 % | 21.61 % | 21.86 % | 19.74 % | 13.45 % | 15.92 % | 19.21 % |
