Heico Corporation (HEI) — Cash Flow Quality Index
Heico Corporation (HEI) 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. Also explore HEI asset base for the complete picture of this company's asset base.
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. Check tangible net worth ratio of Heico Corporation to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Heico Corporation (1991–2025)
Year-by-year earnings quality comparison for Heico Corporation. For live market cap and the full company financial profile, see HEI company net worth.
| 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 | — |