Heico annual free cash flow
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Heico Free Cash Flow (FCF) History (HEI)
Heico reported $861.4M in free cash flow for fiscal 2025, an increase of 40.27% from the previous fiscal year, with a free cash flow margin of 19.21%.
View full Heico company overviewHeico free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-10-31 | $861.4M | $247.3M | +40.27% | +19.21% |
| 2024 | 2024-10-31 | $614.1M | $214.8M | +53.80% | +15.92% |
| 2023 | 2023-10-31 | $399.3M | −$36.6M | −8.39% | +13.45% |
| 2022 | 2022-10-31 | $435.9M | $28.0M | +6.86% | +19.74% |
| 2021 | 2021-10-31 | $407.9M | $21.7M | +5.62% | +21.86% |
| 2020 | 2020-10-31 | $386.2M | −$22.3M | −5.45% | +21.61% |
| 2019 | 2019-10-31 | $408.4M | $121.8M | +42.50% | +19.87% |
| 2018 | 2018-10-31 | $286.6M | $24.3M | +9.28% | +16.12% |
| 2017 | 2017-10-31 | $262.3M | $33.4M | +14.61% | +17.20% |
| 2016 | 2016-10-31 | $228.8M | $74.2M | +48.01% | +16.63% |
| 2015 | 2015-10-31 | $154.6M | −$19.7M | −11.28% | +13.01% |
| 2014 | 2014-10-31 | $174.3M | $60.8M | +53.54% | +15.39% |
| 2013 | 2013-10-31 | $113.5M | −$9.8M | −7.96% | +11.25% |
| 2012 | 2012-10-31 | $123.3M | $7.3M | +6.25% | +13.74% |
| 2011 | 2011-10-31 | $116.1M | $23.2M | +25.02% | +15.17% |
| 2010 | 2010-10-31 | $92.8M | $27.3M | +41.60% | +15.05% |
| 2009 | 2009-10-31 | $65.6M | $5.9M | +9.81% | +12.18% |
| 2008 | 2008-10-31 | $59.7M | — | — | +10.25% |
Heico quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-04-30 | $273.9M | $85.2M | +45.14% | +19.91% |
| Q1 2026 | 2026-01-31 | $165.1M | −$20.6M | −11.09% | +14.01% |
| Q4 2025 | 2025-10-31 | $284.4M | $94.9M | +50.07% | +23.52% |
| Q3 2025 | 2025-07-31 | $202.5M | $4.4M | +2.22% | +17.65% |
| Q2 2025 | 2025-04-30 | $188.7M | $60.5M | +47.23% | +17.19% |
| Q1 2025 | 2025-01-31 | $185.7M | $87.4M | +88.96% | +18.03% |
| Q4 2024 | 2024-10-31 | $189.5M | $45.3M | +31.44% | +18.70% |
| Q3 2024 | 2024-07-31 | $198.1M | $75.5M | +61.60% | +19.97% |
| Q2 2024 | 2024-04-30 | $128.2M | $61.5M | +92.26% | +13.42% |
| Q1 2024 | 2024-01-31 | $98.3M | $32.4M | +49.26% | +10.96% |
| Q4 2023 | 2023-10-31 | $144.2M | $7.9M | +5.78% | +15.40% |
| Q3 2023 | 2023-07-31 | $122.6M | −$18.4M | −13.06% | +16.96% |
| Q2 2023 | 2023-04-30 | $66.7M | −$22.6M | −25.30% | +9.69% |
| Q1 2023 | 2023-01-31 | $65.8M | −$3.4M | −4.98% | +10.60% |
| Q4 2022 | 2022-10-31 | $136.3M | $32.4M | +31.18% | +22.36% |
| Q3 2022 | 2022-07-31 | $141.0M | $25.2M | +21.77% | +24.76% |
| Q2 2022 | 2022-04-30 | $89.3M | −$7.2M | −7.49% | +16.56% |
| Q1 2022 | 2022-01-31 | $69.3M | −$22.4M | −24.43% | +14.13% |
| Q4 2021 | 2021-10-31 | $103.9M | −$764,000 | −0.73% | +20.40% |
| Q3 2021 | 2021-07-31 | $115.8M | $27.8M | +31.52% | +24.55% |
| Q2 2021 | 2021-04-30 | $96.5M | −$22.7M | −19.03% | +20.68% |
| Q1 2021 | 2021-01-31 | $91.7M | $17.4M | +23.43% | +21.94% |
| Q4 2020 | 2020-10-31 | $104.7M | −$12.0M | −10.30% | +24.56% |
| Q3 2020 | 2020-07-31 | $88.1M | −$38.0M | −30.16% | +22.79% |
| Q2 2020 | 2020-04-30 | $119.2M | −$2.8M | −2.33% | +25.45% |
| Q1 2020 | 2020-01-31 | $74.3M | $30.6M | +70.15% | +14.67% |
| Q4 2019 | 2019-10-31 | $116.7M | $9.0M | +8.31% | +21.55% |
| Q3 2019 | 2019-07-31 | $126.1M | $21.2M | +20.17% | +23.68% |
| Q2 2019 | 2019-04-30 | $122.0M | $92.4M | +311.95% | +23.66% |
| Q1 2019 | 2019-01-31 | $43.7M | −$669,000 | −1.51% | +9.37% |
| Q4 2018 | 2018-10-31 | $107.8M | $4.3M | +4.19% | +22.60% |
| Q3 2018 | 2018-07-31 | $104.9M | $30.2M | +40.48% | +22.52% |
| Q2 2018 | 2018-04-30 | $29.6M | −$5.0M | −14.46% | +6.88% |
| Q1 2018 | 2018-01-31 | $44.3M | −$5.2M | −10.54% | +10.96% |
| Q4 2017 | 2017-10-31 | $103.4M | $23.9M | +30.02% | +24.55% |
| Q3 2017 | 2017-07-31 | $74.7M | $12.5M | +20.18% | +19.08% |
| Q2 2017 | 2017-04-30 | $34.6M | −$13.1M | −27.39% | +9.39% |
| Q1 2017 | 2017-01-31 | $49.6M | $10.1M | +25.52% | +14.43% |
| Q4 2016 | 2016-10-31 | $79.5M | $32.5M | +68.92% | +21.90% |
| Q3 2016 | 2016-07-31 | $62.1M | $10.0M | +19.10% | +17.45% |
| Q2 2016 | 2016-04-30 | $47.7M | $17.5M | +58.18% | +13.60% |
| Q1 2016 | 2016-01-31 | $39.5M | $14.3M | +56.65% | +12.89% |
| Q4 2015 | 2015-10-31 | $47.1M | −$12.2M | −20.60% | +14.33% |
| Q3 2015 | 2015-07-31 | $52.2M | −$15.3M | −22.65% | +17.37% |
| Q2 2015 | 2015-04-30 | $30.1M | $12.2M | +67.87% | +10.34% |
| Q1 2015 | 2015-01-31 | $25.2M | −$4.4M | −14.74% | +9.40% |
| Q4 2014 | 2014-10-31 | $59.3M | $24.6M | +70.85% | +20.30% |
| Q3 2014 | 2014-07-31 | $67.5M | $23.9M | +54.97% | +23.18% |
| Q2 2014 | 2014-04-30 | $18.0M | −$8.5M | −32.11% | +6.36% |
| Q1 2014 | 2014-01-31 | $29.6M | $20.7M | +235.25% | +11.08% |
| Q4 2013 | 2013-10-31 | $34.7M | −$22.7M | −39.53% | +12.08% |
| Q3 2013 | 2013-07-31 | $43.5M | $14.8M | +51.54% | +16.29% |
| Q2 2013 | 2013-04-30 | $26.4M | −$16.8M | −38.82% | +11.13% |
| Q1 2013 | 2013-01-31 | $8.8M | $14.9M | — | +4.07% |
| Q4 2012 | 2012-10-31 | $57.4M | $20.6M | +56.05% | +23.68% |
| Q3 2012 | 2012-07-31 | $28.7M | −$3.3M | −10.38% | +12.71% |
| Q2 2012 | 2012-04-30 | $43.2M | $17.9M | +70.72% | +19.99% |
| Q1 2012 | 2012-01-31 | −$6.0M | −$27.9M | — | −2.84% |
| Q4 2011 | 2011-10-31 | $36.8M | $5.1M | +16.18% | +17.61% |
| Q3 2011 | 2011-07-31 | $32.1M | $6.5M | +25.62% | +16.25% |
| Q2 2011 | 2011-04-30 | $25.3M | $7.8M | +44.36% | +13.73% |
| Q1 2011 | 2011-01-31 | $21.9M | $3.8M | +20.92% | +12.58% |
| Q4 2010 | 2010-10-31 | $31.7M | — | — | +18.69% |
| Q3 2010 | 2010-07-31 | $25.5M | — | — | +16.12% |
| Q2 2010 | 2010-04-30 | $17.5M | — | — | +11.40% |
| Q1 2010 | 2010-01-31 | $18.1M | — | — | +13.37% |
Heico free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $386.2M to $861.4M, a compound annual growth rate of 17.40%. Heico's latest reported quarter, Q2 2026, generated $273.9M in free cash flow, an increase of 45.14% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Heico filings at SEC.gov ↗