Abstract

Heico will release its quarterly results Post Market on December 18, 2025. The preview consolidates finance-tool forecasts and recent institutional commentary to outline expected revenue, margins, EPS, and key segment dynamics for the period through December 18, 2025.

Market Forecast

Based on the latest finance-tool forecast for the current quarter, the consensus points to Heico’s revenue at USD 1,188.44 million, adjusted EPS at USD 1.21, and EBIT at USD 267.37 million, with year-over-year forecast growth rates of 14.92%, 22.38%, and 16.54%, respectively; margin expectations are supported by the last quarter’s gross profit margin of 39.84% and net profit margin of 15.45%. The main business outlook highlights continued demand in the Flight Support Group and steady contributions from the Electronic Technologies Group, with management prioritizing operational efficiency and pricing discipline. The most promising segment is the Flight Support Group, with last quarter revenue of USD 802.66 million and sustained double-digit year-over-year momentum supported by aftermarket parts demand and MRO activity.

Last Quarter Review

Heico’s previous quarter delivered revenue of USD 1,147.59 million, a gross profit margin of 39.84%, GAAP net profit attributable to the parent company of USD 177.00 million, a net profit margin of 15.45%, and adjusted EPS of USD 1.26, with year-over-year growth of 15.66% for revenue and 29.90% for EPS; quarter-on-quarter net profit growth was 13.11%. A notable highlight was outperformance versus estimates across revenue, EBIT, and EPS, indicating robust demand and execution gains in both segments. Main business highlights included Flight Support Group revenue of USD 802.66 million and Electronic Technologies Group revenue of USD 355.86 million, reflecting balanced growth across aftermarket aviation components and high-reliability electronic products.

Current Quarter Outlook

Flight Support Group

The Flight Support Group remains central to near-term earnings power, with aftermarket parts demand underpinned by airline capacity restoration and elevated utilization. Pricing discipline and product breadth continue to support revenue per customer, while procurement leverage stabilizes gross margins. Operational execution in distribution and manufacturing is expected to sustain throughput, with inventory turns improving compared to prior-year levels. Key factors include the cadence of airline MRO schedules, reliability upgrades for aging fleets, and selective bolt-on acquisitions that augment product lines. These elements help maintain revenue momentum and provide resilience against short-cycle volatility, translating into sustained contribution to group EBIT.

Electronic Technologies Group

The Electronic Technologies Group is positioned to deliver steady performance through diversified end-markets, including aerospace, defense, medical, and industrial applications. Backlog visibility, coupled with contract wins for high-reliability subsystems, supports normalized lead times and shipment sequencing. Margin performance is anticipated to be consistent with last quarter’s backdrop, aided by continued production efficiency and product mix. Demand for mission-critical connectivity and sensing products is supported by defense spending and commercial avionics refresh cycles, contributing to stable revenue and EBITDA conversion. The group’s growth vector benefits from integrated manufacturing, fostering incremental margin capture on higher volumes.

Stock Price Drivers This Quarter

Investors will focus on revenue trajectory versus the forecast of USD 1,188.44 million, adjusted EPS calculus around USD 1.21, and EBIT delivery near USD 267.37 million. The spread between the last quarter’s gross margin of 39.84% and current pricing environment will be scrutinized for signs of mix or cost changes. Cash conversion, organic versus acquisition-driven growth mix, and order intake pacing will act as secondary checks on sustainability. Any commentary on aftermarket demand normalization, defense-related program timing, or supply-chain stabilization can shift valuation multiples. Additionally, updates on bolt-on acquisitions and integration progress may drive sentiment, especially if they enhance cross-selling within the Flight Support Group.

Analyst Opinions

Collected analyst and institutional commentaries lean positive, with a majority highlighting resilient aftermarket demand, margin support from operational efficiencies, and upside risk to EPS relative to the USD 1.21 forecast. Coverage notes emphasize consistency in execution and estimate that price/mix within the Flight Support Group can help sustain mid-to-high teens revenue growth in the near term. Commentary also points to stable performance in the Electronic Technologies Group as a buffer against cyclical fluctuations, reinforcing confidence in delivering EBIT around USD 267.37 million. Institutions highlight that any confirmation of improved order intake and backlog quality would validate the upward tilt in earnings expectations, supporting the positive view.