Free cash flow
HEICO Free cash flow decreased by 38.5% to $165.10M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 11.1%, from $185.70M to $165.10M. Over 4 years (FY 2021 to FY 2025), Free cash flow shows an upward trend with a 20.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
free_cash_flowHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $96.48M | $115.81M | $103.92M | $69.29M | $89.25M | $141.01M | $136.32M | $65.84M | $66.68M | $133.67M | $133.12M | $98.28M | $128.19M | $198.11M | $189.54M | $185.70M | $188.73M | $218.47M | $268.48M | $165.10M |
| QoQ Change | — | +20.0% | -10.3% | -33.3% | +28.8% | +58.0% | -3.3% | -51.7% | +1.3% | +100.5% | -0.4% | -26.2% | +30.4% | +54.5% | -4.3% | -2.0% | +1.6% | +15.8% | +22.9% | -38.5% |
| YoY Change | — | — | — | — | -7.5% | +21.8% | +31.2% | -5.0% | -25.3% | -5.2% | -2.3% | +49.3% | +92.3% | +48.2% | +42.4% | +89.0% | +47.2% | +10.3% | +41.6% | -11.1% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is HEICO's free cash flow?
- HEICO (HEI) reported free cash flow of $165.10M in Q4 2025.
- How has HEICO's free cash flow changed year-over-year?
- HEICO's free cash flow decreased by 11.1% year-over-year, from $185.70M to $165.10M.
- What is the long-term trend for HEICO's free cash flow?
- Over 4 years (2021 to 2025), HEICO's free cash flow has grown at a 20.5% compound annual growth rate (CAGR), from $407.90M to $861.38M.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.