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
Download Data| Date | Value |
|---|---|
| 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 |