Heico (HEI) Cost of Revenue (2009 - 2026)
Heico (HEI) reported Cost of Revenue of $832.06 million for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 20.5% from $690.43 million a year earlier and up 3.2% from the prior quarter.
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Analysis
Heico (HEI) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the twelve months ended Jul 31, 2026, Heico's Cost of Revenue came in at $3.09 billion, up 18.9% year-over-year; for FY2025 (ended Oct 31, 2025), it came in at $2.7 billion, up 14.5% from FY2024.
- Cost of Revenue has increased for five consecutive fiscal years, with a five-year compound annual growth rate of 19.6% (FY2020 to FY2025).
- By fiscal year, Cost of Revenue came in at $2.36 billion in FY2024 (+29.8%), $1.81 billion in FY2023 (+34.9%), $1.35 billion in FY2022 (+18.2%) and $1.14 billion in FY2021 (+3.0%).
- The fiscal Q3 2026 figure ranks as the highest quarterly Cost of Revenue in data going back to fiscal Q3 2009.
- Year over year, Cost of Revenue has now increased in each of the last 21 quarters, with growth averaging 15.6% over the last eight quarters.
- Across the past five years, year-over-year growth in Cost of Revenue ran from 8.4% in fiscal Q4 2024 to 54.9% in fiscal Q4 2023.
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $806.19 million (Q2 2026), $723.62 million (Q1 2026) and $723.57 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 321.31 Bn | 275.31 Bn | 4.68 Bn | 8.67 Bn |
| 2 | Rtx | 248.97 Bn | 222.19 Bn | 5.13 Bn | 19.58 Bn |
| 3 | Boeing | 152.99 Bn | 59.70 Bn | 2.41 Bn | 22.15 Bn |
| 4 | Lockheed Martin | 116.67 Bn | 103.39 Bn | 2.45 Bn | 17.62 Bn |
| 5 | Howmet Aerospace | 92.54 Bn | 88.15 Bn | 951.00 Mn | 1.60 Bn |
| 6 | General Dynamics | 89.31 Bn | 76.42 Bn | 2.18 Bn | 11.91 Bn |
| 7 | Motorola Solutions | 74.04 Bn | 70.40 Bn | 1.68 Bn | 1.46 Bn |
| 8 | Northrop Grumman | 67.90 Bn | 57.15 Bn | 2.12 Bn | 8.76 Bn |
| 9 | Honeywell International | 67.82 Bn | 20.27 Bn | 3.65 Bn | 6.07 Bn |
| 10 | Heico | 42.23 Bn | 41.92 Bn | 580.99 Mn | 832.06 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 832.06 Mn |
| Apr 30, 2026 | 806.19 Mn |
| Jan 31, 2026 | 723.62 Mn |
| Oct 31, 2025 | 723.57 Mn |
| Jul 31, 2025 | 690.43 Mn |
| Apr 30, 2025 | 660.02 Mn |
| Jan 31, 2025 | 624.56 Mn |
| Oct 31, 2024 | 619.77 Mn |
| Jul 31, 2024 | 602.98 Mn |
| Apr 30, 2024 | 583.60 Mn |
| Jan 31, 2024 | 549.59 Mn |
| Oct 31, 2023 | 572.00 Mn |
| Jul 31, 2023 | 444.17 Mn |
| Apr 30, 2023 | 421.33 Mn |
| Jan 31, 2023 | 377.12 Mn |
| Oct 31, 2022 | 369.26 Mn |
| Jul 31, 2022 | 348.59 Mn |
| Apr 30, 2022 | 327.58 Mn |
| Jan 31, 2022 | 300.13 Mn |
| Oct 31, 2021 | 304.92 Mn |
API Access
Heico Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=HEI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "HEI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=HEI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();