Growth Metrics

Heico (HEI) Operating Expenses (2009 - 2026)

Heico (HEI) reported Operating Expenses of $918.7 million for Q1 2026, up 14.35% year-over-year from $803.4 million in Q1 2025, and down 1.26% on a QoQ basis from $930.4 million in Q4 2025.

Heico (HEI) has 18 years of Operating Expenses data on file, last reported at $918.7 million in Q1 2026.

  • Quarterly Operating Expenses rose 14.35% year-over-year to $918.7 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $3.6 billion (up 14.77% YoY) and the FY2025 annual result came in at $3.5 billion, up 14.27% from the prior year.
  • Operating Expenses declined to $918.7 million in Q1 2026 per HEI's latest filing, from $930.4 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $930.4 million in Q4 2025 and bottomed at $391.5 million in Q1 2022.
  • The 5-year median for Operating Expenses is $746.2 million (2024), against an average of $674.8 million.
  • The widest annual swing landed in 2023, when Operating Expenses surged 61.29%; it then advanced 6.43% in 2024.
  • Tracing HEI's Operating Expenses over 5 years: stood at $463.1 million in 2022, then surged by 61.29% to $747.0 million in 2023, then advanced by 6.43% to $795.0 million in 2024, then rose by 17.03% to $930.4 million in 2025, then dropped by 1.26% to $918.7 million in 2026.
  • Per Business Quant, the three latest HEI Operating Expenses figures stand at $918.7 million (Q1 2026), $930.4 million (Q4 2025), and $882.6 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 General Electric 316.77 Bn 306.03 Bn 9.11 Bn 10.18 Bn
2 Rtx 238.61 Bn 233.51 Bn 9.08 Bn 19.59 Bn
3 Boeing 172.59 Bn 151.68 Bn 2.55 Bn 2.10 Bn
4 Lockheed Martin 122.59 Bn 120.70 Bn 2.08 Bn -
5 Howmet Aerospace 102.88 Bn 100.44 Bn 854.00 Mn 120.00 Mn
6 General Dynamics 92.64 Bn 88.99 Bn 9.09 Bn 12.06 Bn
7 Rocket Lab 82.19 Bn 80.92 Bn 76.49 Mn 132.46 Mn
8 Northrop Grumman 78.95 Bn 76.86 Bn 3.45 Bn 8.89 Bn
9 TransDigm 70.63 Bn 66.75 Bn 1.51 Bn 273.00 Mn
10 Heico 41.96 Bn 41.77 Bn 454.96 Mn 918.68 Mn

Historic Data

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DateValue
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
Jul 31, 2021 370.87 Mn
Apr 30, 2021 369.90 Mn
Jan 31, 2021 337.62 Mn
Oct 31, 2020 337.12 Mn
Jul 31, 2020 317.98 Mn
Apr 30, 2020 359.99 Mn
Jan 31, 2020 395.29 Mn
Oct 31, 2019 420.98 Mn
Jul 31, 2019 412.91 Mn
Apr 30, 2019 396.47 Mn
Jan 31, 2019 368.20 Mn
Oct 31, 2018 373.19 Mn
Jul 31, 2018 364.40 Mn
Apr 30, 2018 339.04 Mn
Jan 31, 2018 324.85 Mn
Oct 31, 2017 331.78 Mn
Jul 31, 2017 315.38 Mn
Apr 30, 2017 292.12 Mn
Jan 31, 2017 278.88 Mn
Oct 31, 2016 287.22 Mn
Jul 31, 2016 286.23 Mn
Apr 30, 2016 283.85 Mn
Jan 31, 2016 253.61 Mn
Oct 31, 2015 259.72 Mn
Jul 31, 2015 241.86 Mn
Apr 30, 2015 235.63 Mn
Jan 31, 2015 221.78 Mn
Oct 31, 2014 238.50 Mn
Jul 31, 2014 240.92 Mn
Apr 30, 2014 233.06 Mn
Jan 31, 2014 216.44 Mn
Oct 31, 2013 231.87 Mn
Jul 31, 2013 218.73 Mn
Apr 30, 2013 193.02 Mn
Jan 31, 2013 181.55 Mn
Oct 31, 2012 196.80 Mn
Jul 31, 2012 183.51 Mn
Apr 30, 2012 178.71 Mn
Jan 31, 2012 175.02 Mn
Oct 31, 2011 171.48 Mn
Jul 31, 2011 161.56 Mn
Apr 30, 2011 151.57 Mn
Jan 31, 2011 141.85 Mn
Oct 31, 2010 139.69 Mn
Jul 31, 2010 129.28 Mn
Apr 30, 2010 127.89 Mn
Jan 31, 2010 110.99 Mn
Oct 31, 2009 119.55 Mn
Jul 31, 2009 112.66 Mn