Heico (HEI) Tax Rate (2009 - 2026)
Heico (HEI) recorded Tax Rate of 20.62% in fiscal Q3 2026 (quarter ended Jul 31, 2026), up 1.77 percentage points from 18.85% a year earlier but down 0.54 percentage points from the prior quarter.
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Analysis
Heico (HEI) Tax Rate (2009 - 2026) Analysis & Trends
On a TTM basis, Heico's Tax Rate came in at 18.32% as of Jul 31, 2026, up 1.89 percentage points year-over-year; for FY2025 (ended Oct 31, 2025), it came in at 16.56%, down 0.93 percentage points from FY2024.
- Annual Tax Rate has declined for three straight fiscal years, though with a five-year change of +8.61 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Tax Rate came in at 17.49% in FY2024 (-2.48 pp), 19.97% in FY2023 (-0.48 pp), 20.45% in FY2022 (+5.64 pp) and 14.80% in FY2021 (+6.86 pp).
- Quarterly Tax Rate has ranged from 4.07% in fiscal Q1 2022 to 26.98% in fiscal Q3 2022 over the past five years.
- On a year-over-year basis, Tax Rate has increased for five consecutive quarters, with an average year-over-year change of -0.30 percentage points over the last eight quarters.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 12.86 percentage points in fiscal Q1 2023, against a drop of 8.60 percentage points in fiscal Q3 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 21.16% (Q2 2026), 11.54% (Q1 2026) and 18.03% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Space Exploration Technologies | 1,722.87 Bn | 1,722.87 Bn | 9.10 Bn | - |
| 2 | General Electric | 345.20 Bn | 303.72 Bn | 5.02 Bn | 13.73% |
| 3 | Rtx | 269.97 Bn | 238.24 Bn | 5.81 Bn | 17.96% |
| 4 | Lockheed Martin | 137.94 Bn | 122.17 Bn | 2.44 Bn | 15.06% |
| 5 | Boeing | 136.62 Bn | 45.58 Bn | 2.17 Bn | - |
| 6 | General Dynamics | 98.71 Bn | 83.95 Bn | 2.25 Bn | 17.29% |
| 7 | Howmet Aerospace | 88.13 Bn | 83.88 Bn | 1.00 Bn | 21.36% |
| 8 | Motorola Solutions | 86.35 Bn | 82.81 Bn | 1.77 Bn | 24.19% |
| 9 | Northrop Grumman | 77.53 Bn | 64.99 Bn | 2.35 Bn | 13.41% |
| 10 | Heico | 48.11 Bn | 47.18 Bn | 580.99 Mn | 20.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 20.62% |
| Apr 30, 2026 | 21.16% |
| Jan 31, 2026 | 11.54% |
| Oct 31, 2025 | 18.03% |
| Jul 31, 2025 | 18.85% |
| Apr 30, 2025 | 21.03% |
| Jan 31, 2025 | 7.02% |
| Oct 31, 2024 | 17.95% |
| Jul 31, 2024 | 18.02% |
| Apr 30, 2024 | 21.16% |
| Jan 31, 2024 | 11.81% |
| Oct 31, 2023 | 22.78% |
| Jul 31, 2023 | 18.39% |
| Apr 30, 2023 | 21.22% |
| Jan 31, 2023 | 16.93% |
| Oct 31, 2022 | 23.05% |
| Jul 31, 2022 | 26.98% |
| Apr 30, 2022 | 23.75% |
| Jan 31, 2022 | 4.07% |
| Oct 31, 2021 | 18.29% |
API Access
Heico Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=HEI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "HEI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=HEI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();