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HEICO Balance Sheet Statement

Assets, liabilities, and shareholders' equity

HEICO holds $9.0B in total assets. Shareholders' equity is $4.5B against $2.5B in total debt. Cash and equivalents total $261.0M. The current ratio is 3.06 and debt-to-equity is 0.558. Based on the Q4 2025 filing.

Total Assets$9.0BTotal Stockholders Equity$4.5BLong Term Debt$2.5BCash And Equivalents$261.0MTotal Current Assets$2.5BTotal Current Liabilities$810.6M
Latest FilingQ4 2025
Report Date2026-02-27
Market Cap$40.7B
P/E Ratio57.13
ROE17.28%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$198.4M$208.1M$230.4M$230.6M$231.0M$241.0M
Accrued Progress Collections and Price Adjustments$61.8M$77.9M$91.1M$88.9M$84.7M$77.4M
Other Commercial Liabilities$427.8M$359.5M$383.0M$467.9M$577.6M$534.5M
Accrued Income Taxes, Current$33.5M$46.7M$47.7M$9.0M$20.0M$31.8M
Accrued Liabilities, Current$427.8M$359.5M$383.0M$467.9M$577.6M$534.5M
Current portion of long-term debt$4.1M$4.0M$3.8M$3.7M$3.4M$3.4M
Current Portion of Long-Term Debt and Finance Lease Obligations$4.1M$4.0M——$3.4M$3.4M
Deferred revenue$83.9M$77.4M$79.8M$84.6M$79.5M$102.7M
Device Payment Plan Trade-in Liability$145.7M$155.3M$170.9M$173.5M$164.2M$180.1M
Finance Lease Liability, Current$4.1M———$3.3M—
Total current liabilities$663.9M$618.3M$664.9M$711.3M$832.0M$810.6M

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$538.5M$523.3M$591.4M$597.6M$637.6M$652.0M
Allowance for Doubtful Accounts$11.8M$9.8M$9.4M$10.3M$10.2M$12.4M
Cash and cash equivalents$162.1M$165.5M$242.3M$261.9M$217.8M$261.0M
Finished goods$684.6M$700.6M$718.1M$723.0M$715.3M$722.1M
Work in process$99.1M$101.7M$108.9M$127.8M$119.6M$140.6M
Inventories$1.2B$1.2B$1.2B$1.3B$1.3B$1.3B
Prepaid expenses and other current assets$78.5M$77.1M$80.5M$83.2M$86.4M$111.3M
Total current assets$2.1B$2.1B$2.3B$2.4B$2.4B$2.5B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$26.1M-$53.6M-$411.0K$882.0K$5.6M$18.2M
Additional paid-in capital$599.4M$618.6M$638.0M$650.3M$650.7M$659.9M
Common Stock Issued, Employee Stock Trust$7.3M$7.3M$7.3M$7.3M$8.1M$8.1M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Redeemable noncontrolling interests$60.0M$87.0M$91.1M$89.2M$110.5M$110.5M
Retained earnings$3.1B$3.2B$3.3B$3.5B$3.6B$3.8B
Total liabilities and stockholders' equity$7.6B$7.9B$8.1B$8.5B$8.5B$9.0B
Total stockholders' equity$3.6B$3.7B$4.0B$4.1B$4.3B$4.5B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract Liabilities, Non-Current$61.8M$77.9M$91.1M$88.9M$84.7M$77.4M
Long-term debt$2.2B$2.4B$2.3B$2.4B$2.2B$2.5B
Long-Term Debt and Finance Lease Obligations$2.2B$2.3B$2.3B$2.4B$2.2B$2.5B
Deferred revenue, net of current portion$61.8M$77.9M$91.1M$88.9M$84.7M$77.4M
Other non-current liabilities$526.0M$579.1M$580.8M$599.3M$550.1M$535.0M
Total liabilities$3.5B$3.7B$3.6B$3.9B$3.7B$4.0B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$695.5M$716.7M$744.7M$836.5M$839.5M$872.1M
Guarantor Obligations - Maximum Exposure—$10.0M$6.2M$6.7M—$14.1M
Accrued Customer Rebates and Credits$24.3M$28.3M$28.1M$29.4M$30.7M$36.8M
Allowance for doubtful accounts$11.8M$9.8M$9.4M$10.3M$10.2M$12.4M
Business Combination, Contingent Consideration, Liability, Noncurrent—————$25.9M
Business Combination, Contingent Consideration, Liability, Current—————$22.5M
Business Combination, Contingent Consideration, Liability$30.2M$36.5M$40.0M$42.3M$46.2M$48.4M
Construction work in progress$35.4M$36.3M$40.9M$19.5M$21.8M$26.0M
Contract assets$112.2M$118.2M$124.7M$133.0M$119.3M$116.9M
Contract with Customer, Liability$145.7M$155.3M$170.9M$173.5M$164.2M$180.1M
Deferred Compensation Liability Current And Noncurrent$315.0M$342.0M——$385.7M$380.0M
Deferred Compensation Obligation$7.3M$7.3M$7.3M$7.3M$8.1M$8.1M
Deferred compensation plan assets$317.2M$344.5M$329.8M$362.2M$390.9M$389.1M
Debt Issuance Costs, Net$11.8M$11.3M$10.9M$10.4M$9.9M$9.5M
Deferred income taxes$114.2M$108.8M$100.4M$127.1M$107.2M$148.1M
Current maturities of long-term debt$4.1M———$3.3M—
Finance Leases and Note Payable$26.1M$24.9M——$17.9M$17.2M
Finite-Lived Customer Relationships, Gross$1.0B$1.1B$1.1B$1.2B$1.1B$1.3B
Finite-Lived Intangible Assets, Accumulated Amortization$452.4M$464.3M$501.4M$516.7M$535.0M$571.6M
2028—$126.8M$128.4M$135.7M—$144.7M
2030—$114.6M$116.1M$123.2M—$130.9M
2031—$107.7M$109.1M$116.2M—$120.5M
Remainder of 2026—$102.7M$68.9M$36.0M—$117.2M
2027—$131.7M$133.5M$140.8M—$151.5M
2029—$120.4M$122.0M$129.3M—$138.4M
Finite Lived Intangible Assets Amortization Expense After Year Five—$442.0M$447.1M$507.8M—$512.6M
Gross Carrying Amount$1.5B$1.6B$1.6B$1.7B$1.7B$1.9B
Finite-Lived Intellectual Property, Gross$471.5M$523.8M$525.4M$539.5M$540.8M$610.1M
Value of financial guarantee (up to)—$10.0M$6.2M$6.7M—$14.1M
Indefinite lived intangible assets$293.3M$300.7M$308.5M$324.6M$325.5M$326.2M
Indefinite- lived intangible impairment$1.8B$1.9B$1.9B$2.0B$2.0B$2.2B
Inventory, Raw Materials and Purchased Parts, Net of Reserves$387.3M$416.4M$417.4M$459.6M$460.4M$475.8M
Amount outstanding under the credit facility$1.0B$1.1B$1.1B$1.2B$960.0M$1.3B
Long-Term Debt and Lease Obligation$2.2B$2.3B$2.3B$2.4B$2.2B$2.5B
Noncontrolling interests in subsidiaries$60.5M$64.2M$67.8M$71.1M$73.9M$78.5M
Net Contract Liabilities$33.5M$37.1M$46.2M$40.5M$45.0M$63.2M
Preferred Stock, Par or Stated Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Preferred Stock, Shares Authorized10M10M10M10M10M10M
Preferred Stock, Shares Issued000000
Standard and Extended Product Warranty Accrual$4.0M$4.0M$4.3M$4.8M$5.8M$10.7M
Redeemable at fair value$306.1M$337.1M$345.4M$348.4M$356.9M$354.0M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$1.9B$2.0B$2.1B—$2.5B
Senior Long Term Notes$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Assets and Other Non-Current Assets$476.4M$501.1M$485.7M$548.3M$579.3M$567.4M
Goodwill$3.4B$3.5B$3.5B$3.6B$3.7B$3.9B
Intangible assets — net$1.0B$1.1B$1.1B$1.2B$1.1B$1.3B
Other intangible assets—net$1.3B$1.4B$1.4B$1.5B$1.5B$1.6B
Machinery and equipment$422.5M$438.4M$455.6M$473.8M$476.7M$493.4M
Other non-current assets$476.4M$501.1M$485.7M$548.3M$579.3M$567.4M
Other Finite-Lived Intangible Assets, Gross$8.6M$8.6M$8.6M$8.7M$8.7M$8.7M
Property, plant and equipment at cost$695.5M$716.7M$744.7M$836.5M$839.5M$872.1M
Accumulated depreciation$356.4M$367.8M$385.4M$398.8M$407.7M$423.1M
Buildings and improvements$217.6M$222.3M$228.1M$259.8M$255.8M$255.7M
Land$20.0M$19.7M$20.1M$83.4M$85.1M$97.0M
Property and equipment, net$339.0M$348.8M$359.3M$437.6M$431.7M$449.0M
Software and Technology Licenses, Net$476.4M$501.1M$485.7M$548.3M$579.3M$567.4M
Tax Deductible Goodwill—$101.0M$112.0M$112.0M—$56.0M
Total assets$7.6B$7.9B$8.1B$8.5B$8.5B$9.0B