AI-extracted from the 10-Q filed 2026-08-27 — Q3 FY2026 (quarter ended July 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q3 net sales rose 23% to a record $1,413.1 million, with operating income up 34% to $355.2 million and gross margin expanding to 41.1%.
Biggest Revenue Drivers
Flight Support Group$946.4M+18% YoY
Strong organic growth of 12% plus $45.8 million of net sales contributed by fiscal 2026 acquisitions.
Electronic Technologies Group$466.6M+36% YoY
Robust organic growth of 18% plus $60.2 million contributed by fiscal 2026 and 2025 acquisitions.
Biggest Revenue Drivers
Total revenue: $1,413.1M+23% YoY
Flight Support Group$946.4M+18% YoY
Strong organic growth of 12% plus $45.8 million of net sales contributed by fiscal 2026 acquisitions.
Within Flight Support Group
Aftermarket replacement parts$556.3M
Increased demand drove an organic net sales increase of $72.1 million.
Repair and overhaul parts and services$248.6M
Increased demand drove an organic net sales increase of $10.4 million.
Electronic Technologies Group$466.6M+36% YoY
Robust organic growth of 18% plus $60.2 million contributed by fiscal 2026 and 2025 acquisitions.
Within Electronic Technologies Group
Electronic component parts primarily for defense, space and aerospace equipment$392.4M
Increased demand for other electronics, defense, and aerospace products.
Largest Expense Items
Cost of sales$832.1M
16.0% of sales-equivalent gross margin improvement; 41.1% gross profit margin versus 39.8% a year ago.
Selling, general and administrative expenses$225.8M
$16.8 million from fiscal 2026 and 2025 acquisitions, $4.3 million higher share-based compensation, plus costs supporting sales growth.
Research and development (within cost of sales)$36.1M
New product R&D expenses, up from $31.9 million in the third quarter of fiscal 2025.
Interest expense$35.9M
Increase principally due to higher outstanding debt, partially offset by a lower weighted-average rate on Credit Facility borrowings.
Margins: Gross margin improved to 41.1% from 39.8%, reflecting favorable FSG product mix in specialty products and aftermarket parts and higher ETG aerospace sales. Operating margin rose to 25.1% from 23.1%.
Watch Items from the Filing
Growth is acquisition-assisted: fiscal 2026 acquisitions added $83.9 million of quarterly net sales, with $1,018.2 million of cash used for acquisitions in nine months.
Total debt reached $2,541.2 million and total debt to shareholders' equity was 50.6%, after issuing $550 million of 4.950% 2031 Notes and $650 million of 5.400% 2036 Notes.
Redeemable noncontrolling interests rose to $617.9 million from $467.4 million, representing put rights exercisable through fiscal 2036 that may require cash purchases.
Backlog (remaining performance obligations) totaled $2,824.8 million, with $783.4 million expected in the remainder of fiscal 2026 and $2,041.4 million thereafter.
Goodwill grew to $4,356.1 million and intangibles to $1,776.9 million, together 62% of $9,936.6 million total assets; contingent consideration liabilities reached $69.1 million.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Macau Carlos LEVP-CFO & TreasurerGrant or award · May 27, 2026
Congress trading in HEI
3 transactions in HEI reported by 3 members of Congress under the STOCK Act, most recent trade Jan 13, 2025. Reported transactions, not recommendations.
About HEICO CORP (HEI): stock profile, AI score and financials
HEICO CORP (HEI) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores HEI at 74.8/100 on a composite quality score built from its SEC filings, placing it at rank #103 of 2,925 stocks — the top 5% of the AI-ranked universe. HEI scores in the top quartile across balance sheet strength (83.8), revenue scale (78.3), revenue growth (76.8). Based on the latest XBRL financial filings (Q3 2026), HEICO CORP reports quarterly revenue of $1.4B, net income of $235.4M, an operating margin of 25.1%. Top institutional holders of HEI by reported 13-F value include BlackRock, PRINCIPAL FINANCIAL GROUP, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. HEI trades on the NYSE exchange and files with the SEC under CIK 46619. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HEI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for HEICO CORP directly from SEC EDGAR.