HEICO Corporation (HEI-A) — Cash Flow Quality Index
HEICO Corporation (HEI-A) has a Cash Flow Quality Index of 0.87x as of January 2026. Operating cash flow of $178.60 Million is below net income of $204.76 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore how well can HEICO Corporation service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
HEICO Corporation Cash Flow Quality Index (1991–2025)
Historical Cash Flow Quality Index for HEICO Corporation across 34 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see HEICO Corporation operating cash flow efficiency.
Annual Cash Flow Quality Index for HEICO Corporation (1991–2025)
Year-by-year earnings quality comparison for HEICO Corporation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.25x | $934.27 Million | $745.55 Million | ▲ +4.2% |
| 2024 | 1.20x | $672.37 Million | $559.09 Million | ▲ +19.1% |
| 2023 | 1.01x | $448.74 Million | $444.38 Million | ▼ -15.7% |
| 2022 | 1.20x | $467.86 Million | $390.62 Million | ▼ -11.1% |
| 2021 | 1.35x | $444.08 Million | $329.76 Million | ▲ +10.6% |
| 2020 | 1.22x | $409.12 Million | $335.86 Million | ▲ +0.2% |
| 2019 | 1.22x | $437.38 Million | $359.74 Million | ▲ +5.7% |
| 2018 | 1.15x | $328.49 Million | $285.69 Million | ▼ -13.1% |
| 2017 | 1.32x | $274.88 Million | $207.66 Million | ▼ -6.4% |
| 2016 | 1.41x | $249.18 Million | $176.15 Million | ▲ +25.7% |
| 2015 | 1.13x | $172.86 Million | $153.56 Million | ▼ -18.1% |
| 2014 | 1.37x | $190.69 Million | $138.77 Million | ▲ +29.8% |
| 2013 | 1.06x | $131.84 Million | $124.56 Million | ▼ -18.5% |
| 2012 | 1.30x | $138.59 Million | $106.67 Million | ▼ -1.2% |
| 2011 | 1.31x | $125.52 Million | $95.45 Million | ▼ -6.5% |
| 2010 | 1.41x | $101.72 Million | $72.36 Million | ▼ -17.3% |
| 2009 | 1.70x | $75.82 Million | $44.63 Million | ▲ +12.7% |
| 2008 | 1.51x | $73.16 Million | $48.51 Million | ▲ +2.4% |
| 2007 | 1.47x | $57.45 Million | $39.01 Million | ▲ +0.1% |
| 2006 | 1.47x | $46.91 Million | $31.89 Million | ▼ -6.3% |
| 2005 | 1.57x | $35.81 Million | $22.81 Million | ▼ -26.5% |
| 2004 | 2.14x | $44.05 Million | $20.63 Million | ▼ -6.4% |
| 2003 | 2.28x | $27.88 Million | $12.22 Million | ▲ +49.2% |
| 2002 | 1.53x | $23.29 Million | $15.23 Million | ▲ +46.5% |
| 2001 | 1.04x | $16.53 Million | $15.83 Million | ▲ +126.5% |
| 2000 | 0.46x | $12.13 Million | $26.32 Million | ▼ -6.1% |
| 1999 | 0.49x | $8.00 Million | $16.30 Million | ▼ -45.8% |
| 1998 | 0.90x | $9.50 Million | $10.50 Million | ▲ +272.5% |
| 1997 | 0.24x | $1.70 Million | $7.00 Million | ▲ +41.4% |
| 1996 | 0.17x | $1.70 Million | $9.90 Million | ▼ -93.5% |
| 1995 | 2.63x | $7.10 Million | $2.70 Million | ▲ +1.1% |
| 1994 | 2.60x | $3.90 Million | $1.50 Million | ▼ -7.1% |
| 1993 | 2.80x | $2.80 Million | $1.00 Million | ▼ -16.0% |
| 1991 | 3.33x | $8.00 Million | $2.40 Million | — |