Q4 Financial Performance: HEICO reported a Q4 GAAP EPS of $1.33, exceeding expectations by $0.11, with revenue of $1.21 billion, a 19.8% year-over-year increase, also beating estimates by $40 million.
EBITDA and Cash Flow Growth: EBITDA rose 26% to $331.4 million in Q4 2025, and cash flow from operating activities increased 44% to $295.3 million, reflecting strong financial health.
Debt Ratios Improvement: The total debt to net income ratio improved to 3.14x, down from 4.34x the previous year, while the net debt to EBITDA ratio decreased to 1.60x from 2.06x.
Future Revenue and EPS Projections: The consensus for Q1 revenue is $1.16 billion with an EPS of $1.27, and for the fiscal year, the revenue consensus is $4.44 billion with an EPS of $4.79.
Wall Street analysts forecast HEI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HEI is 358.45 USD with a low forecast of 300.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
Wall Street analysts forecast HEI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HEI is 358.45 USD with a low forecast of 300.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Buy
6 Hold
0 Sell
Moderate Buy
Current: 352.290
Low
300.00
Averages
358.45
High
400.00
Current: 352.290
Low
300.00
Averages
358.45
High
400.00
Truist
Buy
maintain
$366 -> $391
Al Analysis
2025-12-23
Reason
Truist
Price Target
$366 -> $391
Al Analysis
2025-12-23
maintain
Buy
Reason
Truist raised the firm's price target on Heico to $391 from $366 and keeps a Buy rating on the shares. From a top-line growth perspective, the firm believes that demand for defense, including missiles and strong aftermarket demand, coupled with fixed cost absorption, should enable high-single-digit growth to be sustained through FY26 into FY27, the analyst tells investors in a research note.
Stifel
Buy
maintain
$360 -> $370
2025-12-22
Reason
Stifel
Price Target
$360 -> $370
2025-12-22
maintain
Buy
Reason
Stifel raised the firm's price target on Heico to $370 from $360 and keeps a Buy rating on the shares following what the firm calls "an impressive final quarter to a strong year." The firm expects Heico to "continue to set the standard for industrial stock compounders and effective m/a," adding that it also sees growing opportunities in Heico's defense business.
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RBC Capital
Ken Herbert
Outperform
maintain
$350 -> $375
2025-12-22
Reason
RBC Capital
Ken Herbert
Price Target
$350 -> $375
2025-12-22
maintain
Outperform
Reason
RBC Capital analyst Ken Herbert raised the firm's price target on Heico to $375 from $350 and keeps an Outperform rating on the shares. The company ended FY25 with another strong Q4 result as revenue rose 21% y/y and 13% organically, while free cash flow surprised to the upside, the analyst tells investors in a research note. The management's commentary on a better sales mix shift and a robust M&A pipeline also remain constructive for sentiment on the stock, the firm added.
Deutsche Bank
Scott Deuschle
Hold
maintain
$355 -> $375
2025-12-22
Reason
Deutsche Bank
Scott Deuschle
Price Target
$355 -> $375
2025-12-22
maintain
Hold
Reason
Deutsche Bank analyst Scott Deuschle raised the firm's price target on Heico to $375 from $355 and keeps a Hold rating on the shares. The firm updated the company's model post the fiscal Q4 report.
About HEI
HEICO Corporation is a manufacturer of jet engines and aircraft component replacement parts. Its segments include Flight Support Group (FSG) and Electronic Technologies Group (ETG). The FSG segment consists of HEICO Aerospace Holdings Corp. and HEICO Flight Support Corp. and their subsidiaries. FSG uses technology to design and manufacture jet engines and aircraft component replacement parts. FSG repairs, overhauls and distributes jet engine and aircraft components, avionics and instruments for domestic and foreign commercial air carriers and aircraft repair companies, as well as military and business aircraft operators. ETG segment consists of HEICO Electronic Technologies Corp. and its subsidiaries. The ETG designs, manufactures and sells various types of electronic, data and microwave, and electro-optical products, including infrared simulation and test equipment. It also designs and manufactures avionics controls, including navigation, audio, surveillance, and communication panels.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
