
HEICO Corp
NYSE:HEI

Income Statement
Earnings Waterfall
HEICO Corp
Revenue
|
4B
USD
|
Cost of Revenue
|
-2.4B
USD
|
Gross Profit
|
1.6B
USD
|
Operating Expenses
|
-689.6m
USD
|
Operating Income
|
871.1m
USD
|
Other Expenses
|
-303.7m
USD
|
Net Income
|
567.4m
USD
|
Income Statement
HEICO Corp
Jan-2015 | Apr-2015 | Jul-2015 | Oct-2015 | Jan-2016 | Apr-2016 | Jul-2016 | Oct-2016 | Jan-2017 | Apr-2017 | Jul-2017 | Oct-2017 | Jan-2018 | Apr-2018 | Jul-2018 | Oct-2018 | Jan-2019 | Apr-2019 | Jul-2019 | Oct-2019 | Jan-2020 | Apr-2020 | Jul-2020 | Oct-2020 | Jan-2021 | Apr-2021 | Jul-2021 | Oct-2021 | Jan-2022 | Apr-2022 | Jul-2022 | Oct-2022 | Jan-2023 | Apr-2023 | Jul-2023 | Oct-2023 | Jan-2024 | Apr-2024 | Jul-2024 | Oct-2024 | Jan-2025 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 134
N/A
|
1 143
+1%
|
1 152
+1%
|
1 189
+3%
|
1 227
+3%
|
1 286
+5%
|
1 342
+4%
|
1 376
+3%
|
1 413
+3%
|
1 432
+1%
|
1 467
+2%
|
1 525
+4%
|
1 586
+4%
|
1 648
+4%
|
1 722
+5%
|
1 778
+3%
|
1 839
+3%
|
1 924
+5%
|
1 991
+3%
|
2 056
+3%
|
2 096
+2%
|
2 048
-2%
|
1 902
-7%
|
1 787
-6%
|
1 699
-5%
|
1 697
0%
|
1 783
+5%
|
1 866
+5%
|
1 938
+4%
|
2 010
+4%
|
2 108
+5%
|
2 208
+5%
|
2 339
+6%
|
2 488
+6%
|
2 641
+6%
|
2 968
+12%
|
3 244
+9%
|
3 511
+8%
|
3 780
+8%
|
3 858
+2%
|
3 992
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(734)
|
(737)
|
(742)
|
(755)
|
(774)
|
(805)
|
(835)
|
(861)
|
(885)
|
(896)
|
(917)
|
(950)
|
(982)
|
(1 016)
|
(1 058)
|
(1 087)
|
(1 121)
|
(1 165)
|
(1 200)
|
(1 242)
|
(1 266)
|
(1 249)
|
(1 173)
|
(1 105)
|
(1 056)
|
(1 054)
|
(1 098)
|
(1 138)
|
(1 179)
|
(1 220)
|
(1 281)
|
(1 346)
|
(1 423)
|
(1 516)
|
(1 612)
|
(1 815)
|
(1 987)
|
(2 149)
|
(2 308)
|
(2 356)
|
(2 431)
|
|
Gross Profit |
400
N/A
|
406
+1%
|
410
+1%
|
434
+6%
|
453
+4%
|
481
+6%
|
507
+5%
|
516
+2%
|
529
+3%
|
535
+1%
|
550
+3%
|
575
+4%
|
604
+5%
|
632
+5%
|
664
+5%
|
691
+4%
|
718
+4%
|
760
+6%
|
791
+4%
|
814
+3%
|
830
+2%
|
799
-4%
|
730
-9%
|
682
-7%
|
643
-6%
|
643
+0%
|
685
+6%
|
727
+6%
|
759
+4%
|
791
+4%
|
827
+5%
|
863
+4%
|
916
+6%
|
972
+6%
|
1 029
+6%
|
1 153
+12%
|
1 256
+9%
|
1 362
+8%
|
1 472
+8%
|
1 502
+2%
|
1 561
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(201)
|
(200)
|
(196)
|
(205)
|
(217)
|
(234)
|
(248)
|
(250)
|
(252)
|
(248)
|
(257)
|
(268)
|
(283)
|
(295)
|
(302)
|
(315)
|
(324)
|
(338)
|
(351)
|
(357)
|
(360)
|
(340)
|
(322)
|
(306)
|
(297)
|
(309)
|
(318)
|
(335)
|
(348)
|
(353)
|
(362)
|
(366)
|
(389)
|
(410)
|
(447)
|
(528)
|
(580)
|
(633)
|
(671)
|
(670)
|
(690)
|
|
Selling, General & Administrative |
(201)
|
(200)
|
(196)
|
(205)
|
(217)
|
(234)
|
(248)
|
(250)
|
(251)
|
(248)
|
(257)
|
(268)
|
(282)
|
(295)
|
(302)
|
(315)
|
(324)
|
(338)
|
(351)
|
(357)
|
(360)
|
(340)
|
(322)
|
(306)
|
(296)
|
(309)
|
(318)
|
(335)
|
(348)
|
(353)
|
(362)
|
(366)
|
(389)
|
(410)
|
(447)
|
(528)
|
(580)
|
(634)
|
(671)
|
(670)
|
(682)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
|
Operating Income |
199
N/A
|
206
+3%
|
214
+4%
|
230
+7%
|
236
+3%
|
247
+5%
|
258
+5%
|
265
+3%
|
277
+5%
|
287
+3%
|
293
+2%
|
307
+5%
|
322
+5%
|
337
+5%
|
362
+8%
|
376
+4%
|
395
+5%
|
422
+7%
|
440
+4%
|
457
+4%
|
470
+3%
|
459
-2%
|
408
-11%
|
377
-8%
|
346
-8%
|
335
-3%
|
367
+10%
|
393
+7%
|
411
+5%
|
437
+6%
|
465
+6%
|
497
+7%
|
527
+6%
|
562
+7%
|
582
+4%
|
625
+7%
|
676
+8%
|
728
+8%
|
801
+10%
|
832
+4%
|
871
+5%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(8)
|
(8)
|
(9)
|
(8)
|
(9)
|
(10)
|
(13)
|
(15)
|
(18)
|
(20)
|
(21)
|
(21)
|
(22)
|
(22)
|
(21)
|
(19)
|
(16)
|
(13)
|
(11)
|
(10)
|
(9)
|
(7)
|
(6)
|
(5)
|
(4)
|
(6)
|
(12)
|
(22)
|
(33)
|
(73)
|
(106)
|
(133)
|
(157)
|
(149)
|
(143)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(8)
|
0
|
|
Total Other Income |
1
|
1
|
0
|
(0)
|
(1)
|
(0)
|
(0)
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
(0)
|
(1)
|
2
|
2
|
2
|
3
|
1
|
1
|
1
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
3
|
3
|
3
|
3
|
2
|
3
|
|
Pre-Tax Income |
195
N/A
|
202
+4%
|
210
+4%
|
225
+7%
|
230
+2%
|
240
+4%
|
250
+4%
|
257
+3%
|
270
+5%
|
279
+4%
|
286
+2%
|
298
+4%
|
310
+4%
|
322
+4%
|
344
+7%
|
356
+4%
|
373
+5%
|
403
+8%
|
421
+4%
|
438
+4%
|
453
+3%
|
441
-3%
|
393
-11%
|
365
-7%
|
337
-8%
|
327
-3%
|
360
+10%
|
387
+8%
|
407
+5%
|
434
+7%
|
462
+6%
|
491
+6%
|
517
+5%
|
541
+5%
|
552
+2%
|
555
+1%
|
574
+3%
|
599
+4%
|
641
+7%
|
678
+6%
|
731
+8%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(57)
|
(58)
|
(65)
|
(71)
|
(73)
|
(78)
|
(80)
|
(81)
|
(83)
|
(86)
|
(87)
|
(90)
|
(89)
|
(85)
|
(85)
|
(83)
|
(71)
|
(77)
|
(80)
|
(78)
|
(51)
|
(49)
|
(32)
|
(29)
|
(54)
|
(49)
|
(56)
|
(57)
|
(59)
|
(70)
|
(88)
|
(100)
|
(117)
|
(119)
|
(110)
|
(111)
|
(107)
|
(112)
|
(119)
|
(119)
|
(115)
|
|
Income from Continuing Operations |
138
|
144
|
146
|
154
|
157
|
163
|
171
|
176
|
187
|
194
|
198
|
208
|
221
|
236
|
259
|
274
|
302
|
326
|
341
|
360
|
402
|
392
|
361
|
336
|
282
|
278
|
304
|
330
|
348
|
365
|
374
|
391
|
399
|
421
|
441
|
444
|
467
|
487
|
522
|
559
|
615
|
|
Income to Minority Interest |
(17)
|
(18)
|
(19)
|
(20)
|
(21)
|
(20)
|
(21)
|
(20)
|
(21)
|
(21)
|
(22)
|
(22)
|
(23)
|
(24)
|
(25)
|
(27)
|
(29)
|
(31)
|
(32)
|
(32)
|
(31)
|
(28)
|
(24)
|
(22)
|
(20)
|
(20)
|
(24)
|
(26)
|
(27)
|
(30)
|
(33)
|
(39)
|
(42)
|
(43)
|
(44)
|
(41)
|
(42)
|
(43)
|
(44)
|
(45)
|
(48)
|
|
Net Income (Common) |
122
N/A
|
126
+4%
|
127
+1%
|
133
+5%
|
137
+3%
|
143
+4%
|
150
+5%
|
156
+4%
|
166
+6%
|
173
+4%
|
177
+2%
|
186
+5%
|
210
+13%
|
224
+7%
|
246
+10%
|
259
+6%
|
273
+5%
|
296
+8%
|
310
+5%
|
328
+6%
|
371
+13%
|
364
-2%
|
337
-7%
|
314
-7%
|
263
-16%
|
258
-2%
|
281
+9%
|
304
+8%
|
321
+5%
|
335
+4%
|
341
+2%
|
352
+3%
|
358
+2%
|
378
+6%
|
397
+5%
|
404
+2%
|
425
+5%
|
443
+4%
|
478
+8%
|
514
+8%
|
567
+10%
|
|
EPS (Diluted) |
0.92
N/A
|
0.95
+3%
|
0.96
+1%
|
1.01
+5%
|
1.04
+3%
|
1.08
+4%
|
1.13
+5%
|
1.17
+4%
|
1.23
+5%
|
1.28
+4%
|
1.31
+2%
|
1.37
+5%
|
1.54
+12%
|
1.64
+6%
|
1.79
+9%
|
1.89
+6%
|
2
+6%
|
2.16
+8%
|
2.26
+5%
|
2.39
+6%
|
2.7
+13%
|
2.65
-2%
|
2.46
-7%
|
2.29
-7%
|
1.91
-17%
|
1.87
-2%
|
2.03
+9%
|
2.21
+9%
|
2.32
+5%
|
2.43
+5%
|
2.47
+2%
|
2.55
+3%
|
2.59
+2%
|
2.73
+5%
|
2.87
+5%
|
2.91
+1%
|
3.03
+4%
|
3.18
+5%
|
3.41
+7%
|
3.67
+8%
|
4.04
+10%
|