Income StatementBalance SheetCash FlowSegments
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HEICO Business Segments

Business, geographic, and product segment breakdowns

HEICO generates $4.6B in annual revenue across 2 key segments: Electronic Technologies Group ($1.5B), and Flight Support Group ($3.2B). The company-wide operating margin is 22.71%. Based on the Q4 2025 filing.

Electronic Technologies Group (TTM)$1.5BFlight Support Group (TTM)$3.2B
Latest FilingQ4 2025
Report Date2026-02-27
Market Cap$40.7B
P/E Ratio57.13
ROE17.28%

Products & Services

Revenue from Contract with Customer, Excluding Assessed Tax

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aftermarket Replacement Parts$426.9M$456.0M$470.0M$486.3M$510.0M$513.9M
Electronic Components for Defense, Space and Aerospace$272.1M$263.6M$276.1M$290.7M$311.8M$301.2M
Repair and Overhaul Parts and Services$159.6M$155.4M$186.7M$201.3M$205.5M$196.7M
Specialty Products$105.3M$101.7M$110.5M$115.1M$118.9M$109.5M
Other Electronic Components$64.1M$66.7M$66.1M$65.2M$73.0M$69.5M

Geographic

Long-Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Non-US$113.6M———$119.1M—
North America$357.3M———$447.6M—

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Non-US$359.2M$427.2M$427.2M$427.2M$427.2M—
North America$605.2M$694.0M$694.0M$694.0M$694.0M—

Business Segments

Revenue from Contract with Customer, Excluding Assessed Tax

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Flight Support Group$691.8M$713.2M$767.1M$802.7M$834.4M$820.0M
Electronic Technologies Group$336.2M$330.3M$342.2M$355.9M$384.8M$370.7M

Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Flight Support Group$18.7M$19.3M$21.8M$21.5M$21.2M$21.1M
Electronic Technologies Group$12.7M$13.5M$13.5M$13.7M$15.5M$15.4M
Corporate Segment$392.3K$392.0K———$392.0K

Cost of Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Flight Support Group$417.9M$446.5M———$510.1M
Electronic Technologies Group$181.7M$189.7M———$224.7M
Corporate Segment$0.0$0.0———$0.0

Depreciation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Electronic Technologies Group$6.0M$6.0M$6.1M$6.6M$7.0M$6.9M
Flight Support Group$6.5M$6.6M$6.6M$7.1M$6.6M$6.8M
Corporate Segment$311.0K$501.0K———$457.0K

Operating Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Flight Support Group$154.5M$166.1M$185.0M$198.3M$201.0M$200.7M
Electronic Technologies Group$81.8M$76.5M$77.9M$81.0M$89.6M$73.2M
Corporate Segment-$13.4M-$14.1M———-$13.2M

Other Segment Items

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Flight Support Group$93.7M$100.6M———$109.2M
Electronic Technologies Group$62.2M$64.2M———$72.8M
Corporate Segment$0.0$0.0———$0.0

Payments to Acquire Property, Plant, and Equipment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Electronic Technologies Group$7.5M$7.1M———$7.8M
Flight Support Group$6.9M$10.2M———$5.6M
Corporate Segment$224.8K$0.0———$113.0K

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate Segment$0.0$0.0———$0.0

Adjustments to goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Electronic Technologies Group$0.0-$85.0K$116.0K$0.0$11.0K-$10.8M
Flight Support Group—-$184.0K$208.0K$0.0$0.0$200.0K

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Flight Support Group$4.3B$4.5B$4.6B$4.6B$4.6B$4.6B
Electronic Technologies Group$3.0B$3.0B$3.1B$3.4B$3.4B$3.9B

Foreign currency translation adjustments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Electronic Technologies Group$680.0K-$13.1M$24.2M$82.0K$2.1M$5.8M
Flight Support Group—-$2.3M$4.5M$133.0K$454.0K$1.2M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Flight Support Group$1.9B$2.0B$2.0B$2.0B$2.0B$2.0B
Electronic Technologies Group$1.5B$1.5B$1.5B$1.7B$1.7B$1.9B

Goodwill acquired

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Electronic Technologies Group$41.3M$14.8M$11.0M$116.1M$11.5M$247.7M
Flight Support Group$45.8M$112.1M-$1.4M-$406.0K$1.5M$0.0

Noncontrolling Interest, Ownership Percentage by Parent

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Electronic Technologies Group88.8%—87.9%—92.5%—

Percentage of Voting Interests Sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Flight Support Group————10.0%—

Number of Operating Segments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Operating Segment—0.500.500.500.502.00