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HEICO HEI Return on invested capital

Return on invested capital at other companies

General Electric logo
General ElectricGE
50.4%+26.9pp
Raytheon Technologies logo
Raytheon TechnologiesRTX
8.1%+2.9pp
Martin Marietta Materials logo
Martin Marietta MaterialsMLM
7.4%-0.8pp
TransDigm Group logo
TransDigm GroupTDG
19.2%+0.7pp
Vulcan Materials Company logo
Vulcan Materials CompanyVMC
9.5%+0.5pp
General Dynamics logo
General DynamicsGD
14%+0.9pp

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$47.11B+9.6%
Enterprise value$49.49B+10.0%
P/E59.7×-11.8×
P/S9.6×-0.8×

Profitability

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Gross margin40.1%+0.7pp
Operating margin23.5%+1.5pp
Net margin16.1%+1.5pp

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

Calculated from HEICO’s reported figures.

Based on trailing twelve months.

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 return on invested capital?
HEICO (HEI) reported return on invested capital of 14.4% in Q1 2026.
How has HEICO's return on invested capital changed year-over-year?
HEICO's return on invested capital increased by 9.5% year-over-year, from 13.2% to 14.4%.
What is the long-term trend for HEICO's return on invested capital?
Over 4 years (2021 to 2025), HEICO's return on invested capital has grown at a 0.7% compound annual growth rate (CAGR), from 51.7% to 53.2%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.