Added to YB: 2026-06-02
Pitch date: 2026-05-29
HEI [neutral]
HEICO Corporation
Author Info
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Company Info
HEICO Corporation provides aerospace, defense, and electronic related products and services in the United States and internationally.
Market Cap
$41.2B
Pitch Price
N/A
Price Target
N/A
Dividend
0.07%
EV/EBITDA
31.20
P/E
62.18
EV/Sales
8.99
Sector
Aerospace and Defense
Category
growth
HEICO Q2 2026
HEI (earnings): Q2'26 record sales $1.37B (+25% YoY), op income $350M (+41%), 18% organic growth. FSG margins 26.2% (+210bps) on Wencor PMA mix shift; ETG 26.5% (+370bps) on defense pull-forward (anchor H1 avg 23.5%). 1.74x leverage, 20% margin M&A hurdle. Mgmt rejects 'peak aftermarket'/757 fleet-transition bear case—new aircraft = bigger PMA opportunity; defense multi-year tailwind. Risks: ETG lumpiness, repair supply chain, Mideast. Pricey but quality compounder.
Read full article (8 min)