HEICO Corporation delivered a solid QQ4 2025 performance, underpinned by broad strengths in its two segment platforms. Revenue for the quarter totaled $1.209 billion, up 19.31% year-over-year and 5.39% quarter-over-quarter, driven by sustained demand in its Flight Support Group and continued margin resilience in Electronic Technologies. Gross profit reached $485.8 million for the quarter, producing a gross margin of 40.17%, while operating income was $279.0 million (operating margin 23.07%) and net income was $188.3 million (net margin 15.57%). Net earnings per share stood at $1.35 (diluted $1.33). The company generated robust operating cash flow of $295.3 million and free cash flow of $268.5 million, ending the period with a cash balance of approximately $217.8 million.
Financial strength is supported by a diversified product portfolio across aftermarket parts and advanced electronic solutions, which provides exposure to resilient aerospace and defense spending. The trailing twelve months show a compelling EBITDA margin near 27%, with substantial cash flow generation that supports potential deleveraging, selective acquisitions, and value-enhancing capital allocation. Management commentary on the call highlighted ongoing demand tailwinds in both segments, coupled with a disciplined approach to pricing and cost controls, which contribute to margin stability during a cyclically sensitive period for aerospace.
Looking forward, HEICO appears well-positioned to sustain earnings growth through mix shifts toward higher-margin electronic technologies, aftermarket services, and strategic aftermarket parts growth. Investors should monitor segment mix, supply-chain dynamics, and any shifts in defense and civil aerospace expenditure that could alter growth trajectories. Overall, QQ4 2025 reinforces HEICO’s status as a high-quality supplier with strong cash generation and a resilient business model within the Industrials sector.