Heico (HEI) Operating Expenses (2009 - 2026)
Heico's (HEI) quarterly Operating Expenses came in at $1.1 billion in Q3 2026, up 19.86% year-over-year from $882.6 million in Q3 2025, and up 3.18% quarter-over-quarter from $1.0 billion in Q2 2026.
Analysis
Heico (HEI) Operating Expenses (2009 - 2026) Analysis & Trends
Heico (HEI) has reported Operating Expenses for 18 consecutive years, with $1.1 billion the latest figure, recorded in Q3 2026.
- On a quarterly basis, Operating Expenses rose 19.86% year-over-year to $1.1 billion in Q3 2026; TTM through Jul 2026 was $3.9 billion, a 18.06% increase from a year earlier, with the FY2025 full-year figure at $3.5 billion, up 14.27% from the prior year.
- Operating Expenses was $1.1 billion for Q3 2026 at Heico, up from $1.0 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $1.1 billion in Q3 2026 and troughed at $391.5 million in Q1 2022.
- A 5-year average of $713.4 million and a median of $747.0 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses soared 61.29% in 2023 and climbed 6.43% in 2024, its largest moves.
- Over 5 years, Operating Expenses stood at $463.1 million in 2022, then soared by 61.29% to $747.0 million in 2023, then climbed by 6.43% to $795.0 million in 2024, then gained by 17.03% to $930.4 million in 2025, then grew by 13.7% to $1.1 billion in 2026.
- The last three Operating Expenses figures came in at $1.1 billion (Q3 2026), $1.0 billion (Q2 2026), and $918.7 million (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rtx | 267.14 Bn | 258.84 Bn | 9.91 Bn | 21.96 Bn |
| 2 | Boeing | 163.65 Bn | 143.63 Bn | 2.41 Bn | 2.35 Bn |
| 3 | Howmet Aerospace | 93.36 Bn | 92.80 Bn | 951.00 Mn | 156.00 Mn |
| 4 | Honeywell International | 65.01 Bn | 55.81 Bn | 3.65 Bn | 1.87 Bn |
| 5 | TransDigm | 64.58 Bn | 61.80 Bn | 1.63 Bn | 332.00 Mn |
| 6 | Heico | 43.72 Bn | 43.48 Bn | 580.99 Mn | 1.06 Bn |
| 7 | AerCap Holdings | 24.34 Bn | 24.34 Bn | - | 1.37 Bn |
| 8 | Woodward | 20.10 Bn | 19.62 Bn | 349.91 Mn | 165.05 Mn |
| 9 | FTAI Aviation | 19.00 Bn | 18.66 Bn | 317.30 Mn | 758.28 Mn |
| 10 | Textron | 13.90 Bn | 12.46 Bn | 304.00 Mn | 427.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.06 Bn |
| Apr 30, 2026 | 1.03 Bn |
| Jan 31, 2026 | 918.68 Mn |
| Oct 31, 2025 | 930.39 Mn |
| Jul 31, 2025 | 882.57 Mn |
| Apr 30, 2025 | 849.67 Mn |
| Jan 31, 2025 | 803.42 Mn |
| Oct 31, 2024 | 795.02 Mn |
| Jul 31, 2024 | 775.80 Mn |
| Apr 30, 2024 | 746.24 Mn |
| Jan 31, 2024 | 716.15 Mn |
| Oct 31, 2023 | 747.00 Mn |
| Jul 31, 2023 | 573.54 Mn |
| Apr 30, 2023 | 530.75 Mn |
| Jan 31, 2023 | 491.48 Mn |
| Oct 31, 2022 | 463.14 Mn |
| Jul 31, 2022 | 440.78 Mn |
| Apr 30, 2022 | 416.04 Mn |
| Jan 31, 2022 | 391.52 Mn |
| Oct 31, 2021 | 394.39 Mn |