Free Cash Flow CAGR: +17.39% (10Y, annualized)
Free cash flow CAGR uses precomputed cash-flow statement history.
Over longer horizons, Free Cash Flow CAGR averages 31.21% over 3 years and 19.44% over 5 years; the trailing 12 months came in at +21.51%.The TTM figure compares the trailing 12 months (sum of the latest four quarters) with the 12 months before that. Rows in the history table compare fiscal years, and the quarterly table compares single quarters; the three measure different windows and will differ. Free cash flow CAGR measures how the company's cash generation has grown. FCF represents the cash available for dividends, buybacks, debt reduction, or reinvestment.
HEI-A Free Cash Flow CAGR Chart
HEICO Corporation (HEI-A)
HEI-A Quarterly Free Cash Flow Growth (YoY)
Free Cash Flow growth vs the same quarter one year earlier, last 40 quarters.
HEI-A Free Cash Flow CAGR History
| Year | Start FCF | End FCF | Change | % Change | CAGR |
|---|---|---|---|---|---|
| 2025 | $614.11M | $861.38M | +$247.27M | +40.27% | +40.27% |
| 2024 | $399.30M | $614.11M | +$214.81M | +53.80% | +53.80% |
| 2023 | $435.87M | $399.30M | $-36.57M | -8.39% | -8.39% |
| 2022 | $407.90M | $435.87M | +$27.97M | +6.86% | +6.86% |
| 2021 | $386.19M | $407.90M | +$21.72M | +5.62% | +5.62% |
| 2020 | $408.44M | $386.19M | $-22.25M | -5.45% | -5.45% |
| 2019 | $286.62M | $408.44M | +$121.82M | +42.50% | +42.50% |
| 2018 | $248.89M | $286.62M | +$37.73M | +15.16% | +15.16% |
| 2017 | $218.32M | $248.89M | +$30.57M | +14.00% | +14.00% |
| 2016 | $154.61M | $218.32M | +$63.71M | +41.20% | +41.20% |
| 2015 | $174.28M | $154.61M | $-19.66M | -11.28% | -11.28% |
| 2014 | $113.51M | $174.28M | +$60.77M | +53.54% | +53.54% |
| 2013 | $123.32M | $113.51M | $-9.81M | -7.96% | -7.96% |
| 2012 | $116.07M | $123.32M | +$7.25M | +6.25% | +6.25% |
| 2011 | $92.84M | $116.07M | +$23.23M | +25.02% | +25.02% |
| 2010 | $65.56M | $92.84M | +$27.28M | +41.60% | +41.60% |
| 2009 | $59.71M | $65.56M | +$5.86M | +9.81% | +9.81% |
| 2008 | $44.56M | $59.71M | +$15.14M | +33.98% | +33.98% |
| 2007 | $36.94M | $44.56M | +$7.62M | +20.63% | +20.63% |
| 2006 | $27.54M | $36.94M | +$9.41M | +34.17% | +34.17% |
| 2005 | $38.31M | $27.54M | $-10.78M | -28.13% | -28.13% |
| 2004 | $24.11M | $38.31M | +$14.21M | +58.92% | +58.92% |
| 2003 | $17.43M | $24.11M | +$6.68M | +38.30% | +38.30% |
| 2002 | $9.60M | $17.43M | +$7.83M | +81.53% | +81.53% |
| 2001 | $3.47M | $9.60M | +$6.14M | +176.98% | +176.98% |
| 2000 | $-111.10M | $3.47M | +$114.57M | N/A | N/A |
| 1999 | $-42.30M | $-111.10M | $-68.80M | N/A | N/A |
| 1998 | $-1.90M | $-42.30M | $-40.40M | N/A | N/A |
| 1997 | $-1.50M | $-1.90M | $-400.00K | N/A | N/A |
Quarterly Free Cash Flow: QoQ & YoY
| Quarter | Value | QoQ | YoY |
|---|---|---|---|
| Q2 2026 | $273.92M | +65.9% | +45.1% |
| Q1 2026 | $165.10M | -38.5% | -11.1% |
| Q4 2025 | $268.48M | +22.9% | +41.6% |
| Q3 2025 | $218.47M | +15.8% | +10.3% |
| Q2 2025 | $188.73M | +1.6% | +47.2% |
| Q1 2025 | $185.70M | -2.0% | +89.0% |
| Q4 2024 | $189.54M | -4.3% | +42.4% |
| Q3 2024 | $198.10M | +54.5% | +48.2% |
| Q2 2024 | $128.19M | +30.4% | +92.3% |
| Q1 2024 | $98.28M | -26.2% | +49.3% |
| Q4 2023 | $133.12M | -0.4% | -2.3% |
| Q3 2023 | $133.67M | +100.5% | -5.2% |
| Q2 2023 | $66.67M | +1.3% | -25.3% |
| Q1 2023 | $65.84M | -51.7% | -5.0% |
| Q4 2022 | $136.32M | -3.3% | +31.2% |
| Q3 2022 | $141.01M | +58.0% | +21.8% |
QoQ = change vs the prior quarter; YoY = change vs the same quarter a year earlier.
About HEICO Corporation
HEICO Corporation operates as a diversified enterprise, involved in the design, manufacturing, and global distribution of specialized products and services primarily for the aerospace, defense, and electronics sectors. Its activities span both domestic and international markets. The company's Flight Support Group division delivers a range of essential components and services. This encompasses producing replacement parts for jet engines and aircraft, as well as fabricating thermal insulation blankets, advanced renewable insulation systems, and various specialty components. The segment also functions as a distributor for critical hydraulic, pneumatic, structural, interconnect, mechanical, and electro-mechanical parts, serving commercial, regional, and general aviation clients. A significant aspect of its operations involves extensive repair and overhaul services for jet engine and aircraft components, avionics, instruments, composites, and flight surfaces on commercial aircraft, alongside maintaining avionics, navigation systems, and other vital instruments utilized in military aircraft. Within its Electronic Technologies Group segment, HEICO develops and supplies advanced technological products. This broad portfolio features electro-optical infrared simulation and testing equipment, electro-optical laser products, and diverse power equipment, including microwave solutions. The segment additionally produces electromagnetic and radio frequency interference (RFI) shielding and suppression filters, high-speed interface products, high voltage interconnection devices, sophisticated advanced power electronics, and power conversion units. Essential safety devices such as underwater and emergency locator transmission beacons are also manufactured. Further specialized electronic offerings include traveling wave tube amplifiers, microwave power modules, three-dimensional microelectronic and stacked memory products, robust connectivity solutions designed for harsh environments, and custom molded cable assemblies. Completing its specialized array are radio frequency and microwave amplifiers, transmitters, and receivers; communications and electronic intercept receivers and tuners; self-sealing auxiliary fuel systems; active antenna systems; and nuclear radiation detectors. HEICO's varied client base predominantly includes entities within the aviation, defense, space, medical, telecommunications, and broader electronics industries. The corporation, founded in 1957, is headquartered in Hollywood, Florida.
- Sector
- Industrials
- Industry
- Aerospace & Defense
- CEO
- Eric A. Mendelson