What is HEICO's work in process?

HEICO (HEI) reported work in process of $142.9M in Q1 2026.

How has HEICO's work in process changed year-over-year?

HEICO's work in process increased by 31.2% year-over-year, from $108.94M to $142.9M.

What is the long-term trend for HEICO's work in process?

Over 5 years (2020 to 2025), HEICO's work in process has grown at a 25.8% compound annual growth rate (CAGR), from $37.96M to $119.61M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

HEICO HEI Work in process

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$20.22M-32.1%

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$4.95B+1.5%

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$1.23B-11.9%

TransDigm GroupTDG

——

Vulcan Materials CompanyVMC

——

Crane Co.CR

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Other financials

Income statement

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Revenue$1.4B+25.3%

Gross profit$569.5M+30.1%

Operating income$350.4M+41.2%

Net income$233.8M+49.1%

EPS (diluted)$1.66+48.2%

Balance sheet

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Cash & equivalents$210.3M-13.2%

Total debt$2.6B+13.5%

Total equity$4.8B+20.3%

Total assets$9.6B+18.5%

Cash flow

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Operating cash flow$292.0M+42.6%

CapEx$18.1M+13.1%

Free cash flow$273.9M+45.1%

Valuation

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Market cap$49.75B+13.2%

Enterprise value$52.13B+13.3%

P/E63×-10.2×

P/S10.1×-0.5×

Profitability

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Gross margin40.1%+0.7pp

Operating margin23.5%+1.5pp

Net margin16.1%+1.5pp

FCF margin18.9%+0.4pp

Returns & leverage

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Return on equity18.1%+1.7pp

Debt / equity0.5×0.0×

Current ratio2.9×-0.5×

Where this comes from

Reported directly by HEICO in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: HEICO’s 10-Q, filed May 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is HEICO's work in process?: HEICO (HEI) reported work in process of $142.9M in Q1 2026.
How has HEICO's work in process changed year-over-year?: HEICO's work in process increased by 31.2% year-over-year, from $108.94M to $142.9M.
What is the long-term trend for HEICO's work in process?: Over 5 years (2020 to 2025), HEICO's work in process has grown at a 25.8% compound annual growth rate (CAGR), from $37.96M to $119.61M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.