Basis: Current FMP quote-based enterprise value / four-quarter operating cash flow less absolute capital expenditures. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/FCF ratio high or low?
The EV/FCF ratio of 45.35x is in line with its estimated 5-year average of 45.99x, around the middle of its estimated 5-year range (34.09x–62.35x).
As of 2026-10-01T19:55:37.818Z. 5.50% above its estimated 12-month average of 42.99x.
Calculation as of: 2026-10-01T19:55:37.818Z.
Quote observation: 2026-10-01T19:54:59.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: ef53e39bae59d8c88c6591721dbf4f10f98b94a651a4de82267c451d24857d81
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-11.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/FCF RATIO
45.35x
EV/FCF RATIO AVG TTM
42.99x
EV/FCF RATIO AVG 3Y
48.57x
EV/FCF RATIO AVG 5Y
45.99x
EV/FCF RATIO AVG 10Y
40.21x
EV/FCF RATIO AVG 15Y
33.52x
EV/FCF RATIO AVG 20Y
29.54x
CURRENT VS TTM AVG
+5.50%
CURRENT VS 3Y AVG
-6.63%
CURRENT VS 5Y AVG
-1.39%
CURRENT VS 10Y AVG
+12.77%
CURRENT VS 15Y AVG
+35.31%
CURRENT VS 20Y AVG
+53.50%
SECTOR MEDIAN · INDUSTRIALS
28.75x
median of 125 covered companies
CURRENT VS SECTOR MEDIAN
+57.74%
vs the sector median at left
HEICO Corporation
Market Cap
$44.42B
EV/FCF Ratio
45.35x
TTM Avg
42.99x
3Y Avg
48.57x
5Y Avg
45.99x
Market Cap
$44.41B
EV/FCF Ratio
19.19x
TTM Avg
29.69x
3Y Avg
31.30x
5Y Avg
28.74x
Market Cap
$43.46B
EV/FCF Ratio
20.79x
TTM Avg
20.11x
3Y Avg
37.59x
5Y Avg
40.79x
Market Cap
$45.41B
EV/FCF Ratio
29.70x
TTM Avg
45.70x
3Y Avg
163.75x
5Y Avg
110.94x
Market Cap
$42.68B
EV/FCF Ratio
43.65x
TTM Avg
55.69x
3Y Avg
61.19x
5Y Avg
57.91x
Market Cap
$48.56B
EV/FCF Ratio
32.52x
TTM Avg
30.00x
3Y Avg
27.61x
5Y Avg
27.26x
| NAME | MARKET CAP | EV/FCF RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| HEICO Corporation (HEI-A) | $44.42B | 45.35x | 42.99x | 48.57x | 45.99x |
| L3Harris Technologies, Inc. (LHX)vs › | $44.41B | 19.19x | 29.69x | 31.30x | 28.74x |
| Thomson Reuters Corporation (TRI)vs › | $43.46B | 20.79x | 20.11x | 37.59x | 40.79x |
| Carrier Global Corporation (CARR)vs › | $45.41B | 29.70x | 45.70x | 163.75x | 110.94x |
| Ferguson plc (FERG)vs › | $43.05B | N/A | 31.21x | 27.66x | 27.92x |
| HEICO Corporation (HEI)vs › | $42.68B | 43.65x | 55.69x | 61.19x | 57.91x |
| Rocket Lab USA, Inc. (RKLB)vs › | $40.76B | N/A | N/A | N/A | N/A |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $48.56B | 32.52x | 30.00x | 27.61x | 27.26x |
| Honeywell Aerospace Inc (HONA)vs › | $48.80B | N/A | N/A | N/A | N/A |
| Rockwell Automation, Inc. (ROK)vs › | $49.16B | 34.77x | 37.20x | 36.94x | 41.14x |
EV/FCF
45.4x
P/FCF
43.1x
FCF Yield
2.32%
Formula: EV/FCF = Enterprise Value / Free Cash Flow
EV/FCF vs P/FCF:
EV/FCF = Enterprise Value / Free Cash Flow (TTM)
Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/FCF RATIO |
|---|---|
| 2026-09-11 | 34.49x |
| 2026-09-10 | 34.09x |
| 2026-09-09 | 34.11x |
| 2026-09-08 | 34.46x |
| 2026-09-04 | 35.17x |
| 2026-09-03 | 35.04x |
| 2026-09-02 | 35.12x |
| 2026-09-01 | 35.41x |
| 2026-08-31 | 35.71x |
| 2026-08-28 | 36.52x |
| 2026-08-27 | 40.81x |
| 2026-08-26 | 41.54x |
| 2026-08-25 | 41.74x |
| 2026-08-24 | 42.06x |
| 2026-08-21 | 42.33x |
| 2026-08-20 | 41.86x |
| 2026-08-19 | 42.85x |
| 2026-08-18 | 43.51x |
| 2026-08-17 | 43.79x |
| 2026-08-14 | 44.46x |
| 2026-08-13 | 44.08x |
| 2026-08-12 | 44.04x |
| 2026-08-11 | 42.90x |
| 2026-08-10 | 42.95x |
| 2026-08-07 | 43.14x |
| 2026-08-06 | 42.78x |
| 2026-08-05 | 43.16x |
| 2026-08-04 | 43.08x |
| 2026-08-03 | 42.45x |
| 2026-07-31 | 41.76x |
| 2026-07-30 | 41.59x |
| 2026-07-29 | 41.77x |
| 2026-07-28 | 42.67x |
| 2026-07-27 | 42.09x |
| 2026-07-24 | 41.17x |
| 2026-07-23 | 40.48x |
| 2026-07-22 | 39.78x |
| 2026-07-21 | 40.29x |
| 2026-07-20 | 40.38x |
| 2026-07-17 | 40.66x |
| 2026-07-16 | 40.69x |
| 2026-07-15 | 41.14x |
| 2026-07-14 | 40.61x |
| 2026-07-13 | 40.55x |
| 2026-07-10 | 41.27x |
| 2026-07-09 | 41.15x |
| 2026-07-08 | 40.81x |
| 2026-07-07 | 41.81x |
| 2026-07-06 | 42.58x |
| 2026-07-02 | 42.44x |
| 2026-07-01 | 42.43x |
| 2026-06-30 | 41.86x |
| 2026-06-29 | 41.34x |
| 2026-06-26 | 41.38x |
| 2026-06-25 | 41.79x |
| 2026-06-24 | 40.04x |
| 2026-06-23 | 40.08x |
| 2026-06-22 | 39.45x |
| 2026-06-18 | 40.28x |
| 2026-06-17 | 40.37x |
| 2026-06-16 | 40.37x |
| 2026-06-15 | 40.46x |
| 2026-06-12 | 40.21x |
| 2026-06-11 | 40.81x |
| 2026-06-10 | 38.74x |
| 2026-06-09 | 39.41x |
| 2026-06-08 | 39.05x |
| 2026-06-05 | 39.66x |
| 2026-06-04 | 40.09x |
| 2026-06-03 | 39.47x |
| 2026-06-02 | 39.86x |
| 2026-06-01 | 40.03x |
| 2026-05-29 | 46.25x |
| 2026-05-28 | 45.84x |
| 2026-05-27 | 41.22x |
| 2026-05-26 | 41.07x |
| 2026-05-22 | 40.25x |
| 2026-05-21 | 40.22x |
| 2026-05-20 | 40.21x |
| 2026-05-19 | 39.23x |
| 2026-05-18 | 39.29x |
| 2026-05-15 | 38.96x |
| 2026-05-14 | 39.99x |
| 2026-05-13 | 39.36x |
| 2026-05-12 | 39.10x |
| 2026-05-11 | 39.16x |
| 2026-05-08 | 39.85x |
| 2026-05-07 | 39.70x |
| 2026-05-06 | 40.44x |
| 2026-05-05 | 38.63x |
| 2026-05-04 | 37.83x |
| 2026-05-01 | 37.78x |
| 2026-04-30 | 37.73x |
| 2026-04-29 | 36.43x |
| 2026-04-28 | 37.15x |
| 2026-04-27 | 37.15x |
| 2026-04-24 | 36.87x |
| 2026-04-23 | 37.51x |
| 2026-04-22 | 37.46x |
| 2026-04-21 | 38.15x |
| 2026-04-20 | 39.80x |
| 2026-04-17 | 39.83x |
| 2026-04-16 | 38.91x |
| 2026-04-15 | 39.91x |
| 2026-04-14 | 40.56x |
| 2026-04-13 | 40.14x |
| 2026-04-10 | 39.54x |
| 2026-04-09 | 40.16x |
| 2026-04-08 | 40.28x |
| 2026-04-07 | 38.30x |
| 2026-04-06 | 38.48x |
| 2026-04-02 | 38.07x |
| 2026-04-01 | 38.30x |
| 2026-03-31 | 38.08x |
| 2026-03-30 | 37.04x |
| 2026-03-27 | 37.52x |
| 2026-03-26 | 37.62x |
| 2026-03-25 | 38.41x |
| 2026-03-24 | 38.37x |
| 2026-03-23 | 38.40x |
| 2026-03-20 | 37.80x |
| 2026-03-19 | 38.48x |
| 2026-03-18 | 39.74x |
| 2026-03-17 | 40.44x |
| 2026-03-16 | 40.23x |
| 2026-03-13 | 39.81x |
| 2026-03-12 | 40.09x |
| 2026-03-11 | 41.74x |
| 2026-03-10 | 41.55x |
| 2026-03-09 | 41.94x |
| 2026-03-06 | 41.73x |
| 2026-03-05 | 42.05x |
| 2026-03-04 | 43.55x |
| 2026-03-03 | 43.69x |
| 2026-03-02 | 44.00x |
| 2026-02-27 | 41.61x |
| 2026-02-26 | 41.24x |
| 2026-02-25 | 43.72x |
| 2026-02-24 | 44.77x |
| 2026-02-23 | 44.68x |
| 2026-02-20 | 45.13x |
| 2026-02-19 | 44.90x |
| 2026-02-18 | 44.54x |
| 2026-02-17 | 43.93x |
| 2026-02-13 | 43.71x |
| 2026-02-12 | 43.29x |
| 2026-02-11 | 42.74x |
| 2026-02-10 | 42.88x |
| 2026-02-09 | 42.93x |
| 2026-02-06 | 43.42x |
| 2026-02-05 | 42.98x |
| 2026-02-04 | 43.12x |
| 2026-02-03 | 44.41x |
| 2026-02-02 | 44.38x |
| 2026-01-30 | 43.98x |
| 2026-01-29 | 44.00x |
| 2026-01-28 | 44.07x |
| 2026-01-27 | 45.09x |
| 2026-01-26 | 44.70x |
| 2026-01-23 | 44.54x |
| 2026-01-22 | 45.21x |
| 2026-01-21 | 46.38x |
| 2026-01-20 | 46.03x |
| 2026-01-16 | 46.90x |
| 2026-01-15 | 47.51x |
| 2026-01-14 | 46.74x |
| 2026-01-13 | 46.68x |
| 2026-01-12 | 47.26x |
| 2026-01-09 | 47.02x |
| 2026-01-08 | 46.71x |
| 2026-01-07 | 46.68x |
| 2026-01-06 | 46.45x |
| 2026-01-05 | 45.85x |
| 2026-01-02 | 44.42x |
| 2025-12-31 | 43.63x |
| 2025-12-30 | 44.05x |
| 2025-12-29 | 44.21x |
| 2025-12-26 | 44.84x |
| 2025-12-24 | 45.23x |
| 2025-12-23 | 45.39x |
| 2025-12-22 | 49.85x |
| 2025-12-19 | 48.86x |
| 2025-12-18 | 46.20x |
| 2025-12-17 | 46.08x |
| 2025-12-16 | 46.50x |
| 2025-12-15 | 46.71x |
| 2025-12-12 | 46.42x |
| 2025-12-11 | 46.99x |
| 2025-12-10 | 46.19x |
| 2025-12-09 | 45.80x |
| 2025-12-08 | 47.04x |
| 2025-12-05 | 46.80x |
| 2025-12-04 | 47.28x |
| 2025-12-03 | 46.49x |
| 2025-12-02 | 46.22x |
| 2025-12-01 | 46.54x |
| 2025-11-28 | 47.28x |
| 2025-11-26 | 47.03x |
| 2025-11-25 | 47.10x |
| 2025-11-24 | 45.97x |
| 2025-11-21 | 45.59x |
| 2025-11-20 | 45.57x |
| 2025-11-19 | 46.17x |
| 2025-11-18 | 46.34x |
| 2025-11-17 | 46.45x |
| 2025-11-14 | 46.93x |
| 2025-11-13 | 47.46x |
| 2025-11-12 | 48.52x |
| 2025-11-11 | 49.04x |
| 2025-11-10 | 49.30x |
| 2025-11-07 | 48.11x |
| 2025-11-06 | 47.49x |
| 2025-11-05 | 47.50x |
| 2025-11-04 | 47.13x |
| 2025-11-03 | 47.10x |
| 2025-10-31 | 47.42x |
| 2025-10-30 | 46.33x |
| 2025-10-29 | 46.54x |
| 2025-10-28 | 46.69x |
| 2025-10-27 | 47.23x |
| 2025-10-24 | 47.39x |
| 2025-10-23 | 47.41x |
| 2025-10-22 | 46.66x |
| 2025-10-21 | 47.17x |
| 2025-10-20 | 46.96x |
| 2025-10-17 | 45.91x |
| 2025-10-16 | 45.94x |
| 2025-10-15 | 46.25x |
| 2025-10-14 | 47.21x |
| 2025-10-13 | 46.93x |
| 2025-10-10 | 46.44x |
| 2025-10-09 | 47.80x |
| 2025-10-08 | 48.25x |
| 2025-10-07 | 47.84x |
| 2025-10-06 | 48.71x |
| 2025-10-03 | 48.33x |
| 2025-10-02 | 47.92x |
| 2025-10-01 | 48.27x |
| 2025-09-30 | 48.57x |
| 2025-09-29 | 48.04x |
| 2025-09-26 | 48.19x |
| 2025-09-25 | 47.88x |
| 2025-09-24 | 47.77x |
| 2025-09-23 | 48.28x |
| 2025-09-22 | 48.19x |
| 2025-09-19 | 47.67x |
| 2025-09-18 | 48.45x |
| 2025-09-17 | 47.90x |
| 2025-09-16 | 48.79x |
| 2025-09-15 | 48.85x |
| 2025-09-12 | 48.00x |
| 2025-09-11 | 48.42x |
| 2025-09-10 | 48.05x |
| 2025-09-09 | 47.85x |
| 2025-09-08 | 48.03x |
| 2025-09-05 | 48.25x |
| 2025-09-04 | 48.46x |
| 2025-09-03 | 47.93x |
| 2025-09-02 | 47.75x |
| 2025-08-29 | 46.93x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
