Analyst Consensus ?
ConsensusBuy34 ratings
Bullish2264.7%
Neutral1235.3%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
HEICO Corporation · HEI · FY2025 Q2 · Calendar Q2 2025
HEICO: Record Q2 growth, acquisitions and defense demand support outlook
The supplied analysis supports a constructive but qualified view: organic aftermarket and defense demand, acquisitions and European exposure provide growth support, while margin durability, supply constraints, tariffs and backlog timing are the key tests.
Reported Before market openNYSEIndustrials
$41.56B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.03
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $1.06B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+2.2%
Event window
SPY move
+2.1%
Same window
Abnormal move
+0.1%
Stock minus SPY
Volume
1.8×
Versus trailing sessions
Subsequent drift
+15.6%
Up to 20 sessions
HEISPY benchmark
Ask FN2 about HEI FY2025 Q2
Transcript, numbers and history already loaded
What drove HEI's +2.2% move after FY2025 Q2 earnings?What changed in HEI's guidance and outlook in FY2025 Q2?Give me the bull and bear case for HEI after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior quarter, management analysis adds the Rosen Aviation acquisition, emphasizes increasing capex and European defense expansion, and reports stronger organic growth in parts and defense. The core acquisition-led and aftermarket-demand thesis was reinforced, while tariff, supply-chain and backlog risks remained.
Guidance delta
Management sentiment was maintained; no quantitative guidance change was provided.
Key takeaways
- Management analysis describes record Q2 results, with sales up 15% and operating income up 19% year over year.
- Organic growth in parts and distribution and defense supported margin expansion.
- Rosen Aviation expands the aviation product portfolio, while acquisitions remain a central growth lever.
- Defense, space and commercial aviation demand remained management’s primary growth themes.
Management priorities
- Accelerate the acquisition pipeline and integrate Rosen Aviation.
- Expand missile-defense and launch-vehicle component capabilities.
- Increase the PMA catalog and cross-selling across HEICO and Wencor.
- Grow European defense exposure while investing in parts inventory and distribution.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$298.28Current
$180Low
$344.88Average
$491High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| TD Cowen | Hold | Hold | Maintain | Oct 9, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Sep 30, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 2, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 28, 2026 |
| UBS | Neutral | Neutral | Maintain | Aug 27, 2026 |
| Jefferies | Buy | Buy | Maintain | Aug 27, 2026 |
| Deutsche Bank | Buy | Buy | Maintain | Aug 19, 2026 |
| Susquehanna | Neutral | Neutral | Maintain | May 29, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | May 29, 2026 |
| Truist Securities | Buy | Buy | Maintain | Dec 23, 2025 |
| Stifel | Buy | Buy | Maintain | Dec 22, 2025 |
| B of A Securities | Buy | Buy | Maintain | Sep 5, 2025 |
| Barclays | Equal Weight | Equal Weight | Maintain | Sep 2, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Aug 28, 2025 |
| Baird | Outperform | Outperform | Maintain | Aug 27, 2025 |
| Benchmark | Buy | Buy | Maintain | Aug 27, 2024 |
| Vertical Research | Buy | Hold | Upgrade | May 30, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Oct 12, 2022 |
| Wolfe Research | Perform | Peer Perform | Maintain | Oct 11, 2022 |
| Alembic Global | Overweight | Overweight | Maintain | Nov 9, 2021 |
| Canaccord Genuity | Buy | Hold | Upgrade | Apr 22, 2021 |
| SunTrust Robinson Humphrey | Hold | Hold | Maintain | Jul 15, 2020 |
| Cowen & Co. | Perform | Market Perform | Maintain | Mar 5, 2019 |
| Bank of America | Buy | Neutral | Upgrade | Aug 29, 2017 |
| Stephens & Co. | Equal Weight | Equal Weight | Maintain | Apr 13, 2017 |
| Keybanc | Overweight | Downgrade | Aug 26, 2016 | |
| CL King | Buy | Buy | Maintain | Jul 14, 2015 |
| Topeka | Buy | Buy | Maintain | Jan 21, 2014 |
| CRT Capital | Hold | Buy | Downgrade | Oct 2, 2013 |
| DA Davidson | Buy | Buy | Maintain | Sep 15, 2013 |
| Imperial Capital | In Line | In Line | Maintain | May 28, 2013 |
| Topeka Capital | Buy | Buy | Maintain | Dec 20, 2012 |
| Stifel Nicolaus | Buy | Buy | Maintain | Dec 14, 2012 |
| Bank oferica | Buy | Buy | Maintain | May 24, 2012 |
| Wedbush | Outperform | Outperform | Maintain | May 23, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $298.28. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Melius Research | Analyst unavailable | $350 | $316 | +17.3% | Sep 14, 2026 |
| Morgan Stanley | Kristine Liwag | $365 | $323.38 | +22.4% | Sep 2, 2026 |
| Goldman Sachs | Noah Poponak | $491 | $333.67 | +64.6% | Aug 31, 2026 |
| Stifel Nicolaus | Analyst unavailable | $410 | $334.8 | +37.5% | Aug 27, 2026 |
| UBS | Analyst unavailable | $396 | $346.15 | +32.8% | Aug 27, 2026 |
| Jefferies | Analyst unavailable | $430 | $346.15 | +44.2% | Aug 26, 2026 |
| Deutsche Bank | Analyst unavailable | $421 | $367.95 | +41.1% | Aug 19, 2026 |
| Jefferies | Sheila Kahyaoglu | $425 | $373.73 | +42.5% | Aug 13, 2026 |
| Morgan Stanley | Kristine Liwag | $370 | $345.61 | +24.0% | Jul 15, 2026 |
| UBS | Gavin Parsons | $390 | $348.18 | +30.7% | Jun 1, 2026 |
| Wells Fargo | David Strauss | $350 | $348.18 | +17.3% | Jun 1, 2026 |
| Jefferies | Analyst unavailable | $410 | $343.16 | +37.5% | May 28, 2026 |
| Jefferies | Analyst unavailable | $375 | $301.04 | +25.7% | May 24, 2026 |
| Redburn Partners | Analyst unavailable | $360 | $287.67 | +20.7% | May 13, 2026 |
| Susquehanna | Charles Minervino | $385 | $339.44 | +29.1% | Jan 23, 2026 |
| Truist Financial | Analyst unavailable | $391 | $334.58 | +31.1% | Dec 23, 2025 |
| Deutsche Bank | Scott Deuschle | $375 | $332.78 | +25.7% | Dec 22, 2025 |
| RBC Capital | Ken Herbert | $375 | $326.67 | +25.7% | Dec 22, 2025 |
| Stifel Nicolaus | Analyst unavailable | $370 | $326.67 | +24.0% | Dec 22, 2025 |
| UBS | Analyst unavailable | $371 | $326.67 | +24.4% | Dec 22, 2025 |
| BNP Paribas | Analyst unavailable | $330 | $309.9 | +10.6% | Nov 18, 2025 |
| Barclays | Analyst unavailable | $300 | $315.91 | +0.6% | Sep 2, 2025 |
| Goldman Sachs | Noah Poponak | $382 | $316.56 | +28.1% | Aug 27, 2025 |
| RBC Capital | Ken Herbert | $350 | $326.93 | +17.3% | Aug 27, 2025 |
| Stifel Nicolaus | Jonathan Siegmann | $360 | $332.16 | +20.7% | Aug 26, 2025 |
| RBC Capital | Analyst unavailable | $335 | $309.59 | +12.3% | Aug 22, 2025 |
| Stifel Nicolaus | Analyst unavailable | $352 | $319.2 | +18.0% | Jun 23, 2025 |
| Barclays | David Strauss | $280 | $300.91 | -6.1% | Jun 2, 2025 |
| RBC Capital | Analyst unavailable | $285 | $264.68 | -4.5% | Feb 28, 2025 |
| Deutsche Bank | Scott Deuschle | $265 | $237.19 | -11.2% | Jan 2, 2025 |
| Deutsche Bank | Scott Deuschle | $266 | $256.05 | -10.8% | Dec 19, 2024 |
| Truist Financial | Michael Ciarmoli | $282 | $264.96 | -5.5% | Oct 18, 2024 |
| Bank of America Securities | Ronald Epstein | $285 | $258.82 | -4.5% | Sep 19, 2024 |
| Deutsche Bank | Scott Deuschle | $271 | $251.28 | -9.1% | Sep 4, 2024 |
| RBC Capital | Ken Herbert | $272 | $251.42 | -8.8% | Aug 28, 2024 |
| Robert W. Baird | Peter Arment | $280 | $252.01 | -6.1% | Aug 28, 2024 |
| Truist Financial | Michael Ciarmoli | $264 | $247.39 | -11.5% | Aug 27, 2024 |
| Truist Financial | Michael Ciarmoli | $248 | $245.16 | -16.9% | Aug 23, 2024 |
| Jefferies | Sheila Kahyaoglu | $275 | $235.08 | -7.8% | Aug 14, 2024 |
| Morgan Stanley | Kristine Liwag | $225 | $222.48 | -24.6% | Jun 4, 2024 |
| Truist Financial | Michael Ciarmoli | $240 | $214.75 | -19.5% | May 30, 2024 |
| RBC Capital | Ken Herbert | $250 | $213.06 | -16.2% | May 30, 2024 |
| Robert W. Baird | Peter Arment | $243 | $213.06 | -18.5% | May 30, 2024 |
| Jefferies | Sheila Kahyaoglu | $255 | $213.06 | -14.5% | May 29, 2024 |
| RBC Capital | Ken Herbert | $235 | $215.62 | -21.2% | May 23, 2024 |
| Deutsche Bank | Scott Deuschle | $235 | $215 | -21.2% | May 20, 2024 |
| Stifel Nicolaus | Bert Subin | $230 | $211.36 | -22.9% | May 6, 2024 |
| Robert W. Baird | Peter Arment | $208 | $182.28 | -30.3% | Dec 15, 2023 |
| Vertical Research | Robert Stallard | $191 | $164.54 | -36.0% | Aug 25, 2023 |
| RBC Capital | Ken Herbert | $175 | $151.7 | -41.3% | Oct 24, 2022 |
| New Street | Sam Boughedda | $180 | $154.06 | -39.7% | Sep 19, 2022 |
| Vertical Research | Robert Stallard | $140 | $135.34 | -53.1% | May 26, 2021 |
Track every rating change on HEI the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationHEICO Corporation operates as a global enterprise through its various subsidiaries, specializing in the design, manufacturing, and distribution of an extensive range of products and services tailored for the aerospace, defense, and electronics industries. The company's Flight Support Group (FSG) division is a principal supplier of essential replacement components for jet engines and aircraft. Its offerings include specialized thermal insulation products, such as blankets and reusable systems, along with a variety of bespoke parts. The FSG also serves as a distributor for a wide array of hydraulic, pneumatic, structural, interconnect, mechanical, and electro-mechanical components, primarily targeting the commercial, regional, and general aviation sectors. Additionally, this segment provides comprehensive repair and overhaul services, covering jet engine and aircraft parts, avionics, instruments, composites, and flight surfaces for commercial aircraft, as well as navigation systems and various instruments used in military planes.…
Historical context
All HEI earningsIndustrials peers this season
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Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-05-13T00:03:22.543359+00:00
- Polygon adjusted daily market bars · 2026-10-11T06:30:41.972871+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-11T06:30:41.970215+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-11. For educational purposes only; not investment advice.