How Heico makes money

Period

FY2025

How does Heico make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Heico Corporation · FY2025 · year ended 2025-10-31

Revenue$4.5BGross profit$1.8B · 40%Cost of revenue$2.7B · 60%Operating income$1.0B · 23%Operating expenses$767M · 17%R&D$121M · 3%Other opex$647M · 14%Pre-tax income$838M · 19%Other expense$181M · 4%Net income$690M · 15%Income tax$148M · 3%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.