Heico (HEI) Operating Expenses (2009 - 2026)
Heico (HEI) posted quarterly Operating Expenses of $1.0 billion for Q2 2026, up 20.67% year-over-year from $849.7 million in Q2 2025, and up 11.6% quarter-over-quarter from $918.7 million in Q1 2026.
Heico (HEI) Operating Expenses (2009 - 2026) Analysis & Trends
Heico (HEI) has reported Operating Expenses for 18 consecutive years, with $1.0 billion the latest figure, recorded in 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 climbed to $1.0 billion in Q2 2026 per HEI's latest filing, from $918.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $1.0 billion in Q2 2026 and bottomed at $391.5 million in Q1 2022.
- Historically, Operating Expenses has averaged $694.3 million across 5 years, with a median of $746.6 million in 2023.
- Annual changes were most pronounced in 2023 — Operating Expenses jumped 61.29% — and 2024, when it grew 6.43%.
- Heico's Operating Expenses stood at $463.1 million in 2022, then surged by 61.29% to $747.0 million in 2023, then increased by 6.43% to $795.0 million in 2024, then climbed by 17.03% to $930.4 million in 2025, then advanced by 10.2% to $1.0 billion in 2026.
- Business Quant data shows HEI's Operating Expenses at $1.0 billion in Q2 2026, $918.7 million in Q1 2026, and $930.4 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 358.52 Bn | 349.17 Bn | 6.95 Bn | 10.86 Bn |
| 2 | Rtx | 287.21 Bn | 278.91 Bn | 9.91 Bn | 21.96 Bn |
| 3 | Boeing | 170.11 Bn | 150.08 Bn | 2.41 Bn | 2.35 Bn |
| 4 | Lockheed Martin | 131.49 Bn | 127.70 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 109.12 Bn | 108.56 Bn | 951.00 Mn | 156.00 Mn |
| 6 | General Dynamics | 104.21 Bn | 99.88 Bn | 6.76 Bn | 12.63 Bn |
| 7 | Northrop Grumman | 80.06 Bn | 77.76 Bn | 3.72 Bn | 9.78 Bn |
| 8 | TransDigm | 67.85 Bn | 65.08 Bn | 1.63 Bn | 332.00 Mn |
| 9 | L3Harris Technologies | 50.31 Bn | 48.79 Bn | 1.50 Bn | 848.00 Mn |
| 10 | Heico | 49.02 Bn | 48.81 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 |