Heico (HEI) Operating Expenses (2009 - 2026)
Heico (HEI) posted quarterly Operating Expenses of $1.0 billion for Q2 2026, up 20.67% YoY from $849.7 million in Q2 2025, and up 11.6% sequentially from $918.7 million in Q1 2026.
Heico (HEI) Operating Expenses (2009 - 2026) Analysis & Trends
Heico has disclosed Operating Expenses across 18 years of filings, most recently posting $1.0 billion for Q2 2026.
- In Q2 2026, Operating Expenses rose 20.67% year-over-year to $1.0 billion; the TTM figure through Apr 2026 stood at $3.8 billion (up 16.53% YoY), while the FY2025 annual figure was $3.5 billion, up 14.27% from the prior year.
- Operating Expenses advanced to $1.0 billion in Q2 2026, from $918.7 million in the prior quarter.
- Over the last five years, Operating Expenses for HEI reached as high as $1.0 billion in Q2 2026 and fell as low as $391.5 million in Q1 2022.
- The 5-year median for Operating Expenses is $746.6 million (2023), against an average of $694.3 million.
- Annual changes were most pronounced in 2023 — Operating Expenses jumped 61.29% — and 2024, when it grew 6.43%.
- A 5-year view of Operating Expenses shows it stood at $463.1 million in 2022, then jumped by 61.29% to $747.0 million in 2023, then grew by 6.43% to $795.0 million in 2024, then advanced by 17.03% to $930.4 million in 2025, then gained by 10.2% to $1.0 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.0 billion, $918.7 million, and $930.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Boeing | 1,106.33 Bn | 1,085.43 Bn | 2.55 Bn | 2.10 Bn |
| 2 | Rtx | 258.51 Bn | 253.40 Bn | 9.08 Bn | 19.59 Bn |
| 3 | General Dynamics | 174.86 Bn | 171.21 Bn | 9.09 Bn | 12.06 Bn |
| 4 | Lockheed Martin | 119.99 Bn | 118.10 Bn | 2.08 Bn | - |
| 5 | Howmet Aerospace | 107.26 Bn | 104.82 Bn | 854.00 Mn | 120.00 Mn |
| 6 | TransDigm | 76.18 Bn | 72.30 Bn | 1.51 Bn | 273.00 Mn |
| 7 | Northrop Grumman | 73.88 Bn | 71.79 Bn | 3.45 Bn | 8.89 Bn |
| 8 | Rocket Lab | 60.59 Bn | 59.31 Bn | 76.49 Mn | 132.46 Mn |
| 9 | L3Harris Technologies | 54.60 Bn | 54.60 Bn | 1.40 Bn | 750.00 Mn |
| 10 | Heico | 50.20 Bn | 50.07 Bn | 569.53 Mn | 1.03 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jul 31, 2021 | 370.87 Mn |