Reported Q: Q2 2025 Rev YoY: +14.9% EPS YoY: +27.0% Move: -0.61%
HEICO Corporation
0J46.L
$321.90 -0.61%
Exchange LSE Sector Industrials Industry Industrial Capital Goods
Q2 2025
Published: May 29, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for 0J46.L

Reported

Report Date

May 29, 2025

Quarter Q2 2025

Revenue

1.10B

YoY: +14.9%

EPS

1.12

YoY: +27.0%

Market Move

-0.61%

Previous quarter: Q1 2025

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Earnings Highlights

  • Revenue of $1.10B up 14.9% year-over-year
  • EPS of $1.12 increased by 27% from previous year
  • Gross margin of 42.5%
  • Net income of 156.79M
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0J46.L
Company 0J46.L

Executive Summary

HEICO Corporation posted a solid QQ2 2025 with revenue of $1,097.82 million, up 14.9% year over year and 6.6% quarter over quarter, underpinned by resilient demand across its Flight Support Group and Electronic Technologies Group portfolios. Gross margin reached 42.5%, and operating margin stood at 22.9%, reflecting favorable mix and ongoing operational efficiency despite a high level of goodwill and intangible assets on the balance sheet. Net income of $156.79 million and basic/diluted EPS of $1.13/$1.12 indicate continued earnings power, supported by strong cash generation (operating cash flow of $204.70 million and free cash flow of $188.73 million).HEICO generated cash while maintaining a conservative liquidity profile (cash and cash equivalents of about $242.31 million) and a manageable but elevated debt burden (total debt ~$2.278 billion; net debt ~$2.036 billion). The company’s current ratio of 3.43 signals solid near-term liquidity, but the leverage profile and substantial goodwill/intangible assets warrant monitoring should demand cycles shift. Management commentary is not captured in the provided transcript data, limiting quotes to support the narrative. Overall, HEICO’s QQ2 performance reinforces its position as a diversified, high-margin supplier to aerospace/defense and electronics markets, with meaningful free cash flow that can underpin debt management or selective acquisitions over time.

Key Performance Indicators

Revenue
Increasing
1.10B
QoQ: 6.56% | YoY: 14.91%
Gross Profit
Increasing
466.55M
42.50% margin
QoQ: 7.68% | YoY: 16.72%
Operating Income
Increasing
251.92M
QoQ: 9.35% | YoY: 24.37%
Net Income
Increasing
156.79M
QoQ: -6.65% | YoY: 27.32%
EPS
Increasing
1.13
QoQ: -6.61% | YoY: 26.97%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2025 1,209.41 1.33 +19.3% View
Q3 2025 1,147.59 1.26 +15.7% View
Q2 2025 1,097.82 1.12 +14.9% View
Q1 2025 1,030.22 1.20 +14.9% View
Q4 2024 1,013.67 0.99 +8.3% View