Heico Corporation
HEICO Corporation provides aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment offers jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components and assemblies. This segment also distributes hydraulic, pneumatic, s… Read more
Heico Corporation (HEI) - Net Assets
Latest net assets as of January 2026: $5.05 Billion USD
Based on the latest financial reports, Heico Corporation (HEI) has net assets worth $5.05 Billion USD as of January 2026.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.04 Billion) and total liabilities ($4.00 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.05 Billion |
| % of Total Assets | 55.79% |
| Annual Growth Rate | 16.02% |
| 5-Year Change | 71.76% |
| 10-Year Change | 268.53% |
| Growth Volatility | 24.91 |
Heico Corporation - Net Assets Trend (1985–2025)
This chart illustrates how Heico Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Heico Corporation (1985–2025)
The table below shows the annual net assets of Heico Corporation from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | $4.38 Billion | +18.44% |
| 2024-10-31 | $3.70 Billion | +15.79% |
| 2023-10-31 | $3.19 Billion | +7.30% |
| 2022-10-31 | $2.98 Billion | +16.72% |
| 2021-10-31 | $2.55 Billion | +14.24% |
| 2020-10-31 | $2.23 Billion | +18.53% |
| 2019-10-31 | $1.88 Billion | +15.16% |
| 2018-10-31 | $1.64 Billion | +18.53% |
| 2017-10-31 | $1.38 Billion | +16.09% |
| 2016-10-31 | $1.19 Billion | +20.69% |
| 2015-10-31 | $984.55 Million | +20.87% |
| 2014-10-31 | $814.59 Million | +12.63% |
| 2013-10-31 | $723.24 Million | +0.48% |
| 2012-10-31 | $719.76 Million | +4.98% |
| 2011-10-31 | $685.58 Million | +12.41% |
| 2010-10-31 | $609.87 Million | +11.37% |
| 2009-10-31 | $547.60 Million | +9.14% |
| 2008-10-31 | $501.74 Million | +12.87% |
| 2007-10-31 | $444.54 Million | +16.81% |
| 2006-10-31 | $380.56 Million | +17.99% |
| 2005-10-31 | $322.54 Million | +10.44% |
| 2004-10-31 | $292.05 Million | +11.43% |
| 2003-10-31 | $262.10 Million | +6.81% |
| 2002-10-31 | $245.38 Million | +8.76% |
| 2001-10-31 | $225.61 Million | +11.03% |
| 2000-10-31 | $203.19 Million | +20.02% |
| 1999-10-31 | $169.30 Million | +105.21% |
| 1998-10-31 | $82.50 Million | +30.74% |
| 1997-10-31 | $63.10 Million | +52.05% |
| 1996-10-31 | $41.50 Million | +37.42% |
| 1995-10-31 | $30.20 Million | +11.44% |
| 1994-10-31 | $27.10 Million | +6.27% |
| 1993-10-31 | $25.50 Million | -0.39% |
| 1992-10-31 | $25.60 Million | -11.11% |
| 1991-10-31 | $28.80 Million | -6.80% |
| 1990-10-31 | $30.90 Million | -15.57% |
| 1989-10-31 | $36.60 Million | -10.73% |
| 1988-10-31 | $41.00 Million | +7.61% |
| 1987-10-31 | $38.10 Million | +111.67% |
| 1986-10-31 | $18.00 Million | +56.52% |
| 1985-10-31 | $11.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Heico Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 19406.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.65 Billion | 84.72% |
| Common Stock | $1.39 Million | 0.03% |
| Other Comprehensive Income | $5.58 Million | 0.13% |
| Other Components | $650.67 Million | 15.11% |
| Total Equity | $4.31 Billion | 100.00% |
Heico Corporation Competitors by Market Cap
The table below lists competitors of Heico Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nucor Corp
NYSE:NUE
|
$35.76 Billion |
|
Take-Two Interactive Software Inc
NASDAQ:TTWO
|
$35.86 Billion |
|
CSL Ltd
PINK:CSLLY
|
$35.87 Billion |
|
Keysight Technologies Inc
NYSE:KEYS
|
$35.96 Billion |
|
Cognizant Technology Solutions Corporation
SA:CTSH34
|
$35.48 Billion |
|
Fiserv Inc.
NASDAQ:FISV
|
$35.34 Billion |
|
Sun Life Financial Inc.
NYSE:SLF
|
$35.33 Billion |
|
Haier Smart Home Co. Ltd
PINK:HSHCY
|
$35.16 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Heico Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,636,877,000 to 4,305,319,000, a change of 668,442,000 (18.4%).
- Net income of 690,385,000 contributed positively to equity growth.
- Dividend payments of 31,968,000 reduced retained earnings.
- Share repurchases of 22,386,000 reduced equity.
- Other comprehensive income increased equity by 31,657,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $690.38 Million | +16.04% |
| Dividends Paid | $31.97 Million | -0.74% |
| Share Repurchases | $22.39 Million | -0.52% |
| Other Comprehensive Income | $31.66 Million | +0.74% |
| Other Changes | $754.00K | +0.02% |
| Total Change | $- | 18.38% |
Book Value vs Market Value Analysis
This analysis compares Heico Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 9.53x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 1888.90x to 9.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-10-31 | $0.15 | $291.47 | x |
| 1986-10-31 | $0.22 | $291.47 | x |
| 1987-10-31 | $0.39 | $291.47 | x |
| 1988-10-31 | $0.39 | $291.47 | x |
| 1989-10-31 | $0.30 | $291.47 | x |
| 1990-10-31 | $0.39 | $291.47 | x |
| 1991-10-31 | $0.36 | $291.47 | x |
| 1992-10-31 | $0.40 | $291.47 | x |
| 1993-10-31 | $0.32 | $291.47 | x |
| 1994-10-31 | $0.36 | $291.47 | x |
| 1995-10-31 | $0.42 | $291.47 | x |
| 1996-10-31 | $1.50 | $291.47 | x |
| 1997-10-31 | $1.86 | $291.47 | x |
| 1998-10-31 | $0.75 | $291.47 | x |
| 1999-10-31 | $1.37 | $291.47 | x |
| 2000-10-31 | $1.48 | $291.47 | x |
| 2001-10-31 | $1.61 | $291.47 | x |
| 2002-10-31 | $1.60 | $291.47 | x |
| 2003-10-31 | $1.72 | $291.47 | x |
| 2004-10-31 | $2.01 | $291.47 | x |
| 2005-10-31 | $2.18 | $291.47 | x |
| 2006-10-31 | $2.50 | $291.47 | x |
| 2007-10-31 | $2.89 | $291.47 | x |
| 2008-10-31 | $3.22 | $291.47 | x |
| 2009-10-31 | $3.20 | $291.47 | x |
| 2010-10-31 | $3.64 | $291.47 | x |
| 2011-10-31 | $4.08 | $291.47 | x |
| 2012-10-31 | $4.74 | $291.47 | x |
| 2013-10-31 | $4.63 | $291.47 | x |
| 2014-10-31 | $5.31 | $291.47 | x |
| 2015-10-31 | $6.11 | $291.47 | x |
| 2016-10-31 | $7.24 | $291.47 | x |
| 2017-10-31 | $8.56 | $291.47 | x |
| 2018-10-31 | $10.23 | $291.47 | x |
| 2019-10-31 | $12.13 | $291.47 | x |
| 2020-10-31 | $14.42 | $291.47 | x |
| 2021-10-31 | $16.42 | $291.47 | x |
| 2022-10-31 | $18.88 | $291.47 | x |
| 2023-10-31 | $22.65 | $291.47 | x |
| 2024-10-31 | $25.94 | $291.47 | x |
| 2025-10-31 | $30.58 | $291.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Heico Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.04%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.39%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.97x
- Recent ROE (16.04%) is above the historical average (12.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 23.48% | 8.36% | 1.08x | 2.60x | $1.55 Million |
| 1986 | 35.00% | 13.32% | 1.22x | 2.16x | $4.50 Million |
| 1987 | 19.95% | 16.20% | 0.95x | 1.29x | $3.79 Million |
| 1988 | 6.10% | 5.79% | 0.82x | 1.29x | $-1.60 Million |
| 1989 | 4.64% | 6.42% | 0.57x | 1.26x | $-1.96 Million |
| 1990 | 6.47% | 7.63% | 0.67x | 1.27x | $-1.09 Million |
| 1991 | 8.33% | 9.45% | 0.68x | 1.30x | $-480.00K |
| 1992 | -2.34% | -2.76% | 0.47x | 1.81x | $-3.16 Million |
| 1993 | 1.96% | 1.93% | 0.77x | 1.32x | $-2.05 Million |
| 1994 | 5.54% | 4.63% | 0.83x | 1.44x | $-1.21 Million |
| 1995 | 8.97% | 6.68% | 0.85x | 1.57x | $-310.00K |
| 1996 | 8.92% | 10.69% | 0.56x | 1.49x | $-450.00K |
| 1997 | 11.78% | 10.99% | 0.72x | 1.49x | $1.06 Million |
| 1998 | 15.53% | 11.01% | 0.72x | 1.97x | $3.74 Million |
| 1999 | 11.70% | 11.54% | 0.52x | 1.96x | $2.37 Million |
| 2000 | 15.49% | 12.97% | 0.72x | 1.66x | $9.33 Million |
| 2001 | 8.39% | 9.25% | 0.53x | 1.73x | $-3.04 Million |
| 2002 | 7.35% | 8.85% | 0.51x | 1.62x | $-5.48 Million |
| 2003 | 5.52% | 6.93% | 0.53x | 1.50x | $-9.93 Million |
| 2004 | 8.34% | 9.56% | 0.59x | 1.47x | $-4.11 Million |
| 2005 | 8.34% | 8.46% | 0.62x | 1.59x | $-4.54 Million |
| 2006 | 13.58% | 10.99% | 0.73x | 1.69x | $11.36 Million |
| 2007 | 14.88% | 10.88% | 0.80x | 1.70x | $18.13 Million |
| 2008 | 16.13% | 11.57% | 0.86x | 1.62x | $25.61 Million |
| 2009 | 14.49% | 11.12% | 0.73x | 1.77x | $18.55 Million |
| 2010 | 11.71% | 8.90% | 0.79x | 1.67x | $8.03 Million |
| 2011 | 13.76% | 9.52% | 0.81x | 1.78x | $19.91 Million |
| 2012 | 13.81% | 9.49% | 0.75x | 1.93x | $23.48 Million |
| 2013 | 16.89% | 10.15% | 0.66x | 2.53x | $41.76 Million |
| 2014 | 17.34% | 10.71% | 0.76x | 2.13x | $51.34 Million |
| 2015 | 16.47% | 11.22% | 0.68x | 2.14x | $52.38 Million |
| 2016 | 16.21% | 11.35% | 0.67x | 2.12x | $59.85 Million |
| 2017 | 16.02% | 12.20% | 0.61x | 2.16x | $69.88 Million |
| 2018 | 18.54% | 14.58% | 0.67x | 1.90x | $119.41 Million |
| 2019 | 19.68% | 15.95% | 0.69x | 1.78x | $161.24 Million |
| 2020 | 15.86% | 17.57% | 0.50x | 1.79x | $115.97 Million |
| 2021 | 14.57% | 17.67% | 0.53x | 1.55x | $103.45 Million |
| 2022 | 13.49% | 15.92% | 0.54x | 1.57x | $91.06 Million |
| 2023 | 12.83% | 13.60% | 0.41x | 2.29x | $89.00 Million |
| 2024 | 14.14% | 13.33% | 0.51x | 2.09x | $150.42 Million |
| 2025 | 16.04% | 15.39% | 0.53x | 1.97x | $259.85 Million |
Industry Comparison
This section compares Heico Corporation's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $121,635,637
- Average return on equity (ROE) among peers: -1.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Heico Corporation (HEI) | $5.05 Billion | 23.48% | 0.79x | $35.69 Billion |
| Alabama Aircraft Industries Inc (AAIIQ) | $12.51 Million | 89.71% | 5.45x | $0.94 |
| AAC Clyde Space AB (ACCMF) | $43.41 Million | -62.42% | 0.38x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $493.30 Million | -64.32% | 0.16x | $3.35 Billion |
| American Defense Systems Inc (ADFS) | $10.04 Million | -16.29% | 1.51x | $4.85K |
| AAR Corp (AIR) | $585.25 Million | 12.84% | 1.33x | $4.04 Billion |
| Air Industries Group (AIRI) | $-774.42K | 0.00% | 0.00x | $12.27 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $-106.24 Million | 0.00% | 0.00x | $159.98 Million |
| Philly Shipyard ASA (AKRRF) | $138.18 Million | 9.85% | 0.94x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $-10.83 | 0.00% | 0.00x | $2.48 Million |
| Astronics Corporation (ATRO) | $40.67 Million | 15.98% | 0.75x | $2.29 Billion |