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Heico vs RTX: revenue, profit, margins and growth compared

Heico brought in $4.5B of revenue in fiscal 2025, RTX $88.6B in fiscal 2025. Revenue changed by +16.3% at Heico and +9.7% at RTX on the year before, so Heico grew faster. Heico kept 15.4% of its revenue as net profit, RTX 7.6%. Free cash flow was $861.4M at Heico and $7.9B at RTX.

Side by side, latest fiscal year

HEIRTX
Fiscal year endedFY2025 (October 31, 2025)FY2025 (December 31, 2025)
Revenue$4.5B$88.6B
Revenue growth+16.3%+9.7%
Net income$690.4M$6.7B
Net margin15.4%7.6%
Free cash flow$861.4M$7.9B
Free cash flow margin19.2%9.0%
Earnings per share (diluted)$4.90$4.96
Cash$217.8M$7.4B
Debt$2.2B$37.7B
Price to earnings63.038.2
Market value$43.1B$255.3B
Dividend yield0.07%1.41%
Rank by revenue in sector#131 of 451 · Industrials#6 of 451 · Industrials

Over the years

Revenue
HEI FY2018: $1.8BHEI FY2019: $2.1BHEI FY2020: $1.8BHEI FY2021: $1.9BHEI FY2022: $2.2BHEI FY2023: $3BHEI FY2024: $3.9BHEI FY2025: $4.5BRTX FY2018: $34.7BRTX FY2019: $45.3BRTX FY2020: $56.6BRTX FY2021: $64.4BRTX FY2022: $67.1BRTX FY2023: $68.9BRTX FY2024: $80.7BRTX FY2025: $88.6BFY18FY19FY20FY21FY22FY23FY24FY25
HEI $4.5BRTX $88.6B
Net income
HEI FY2018: $259.2MHEI FY2019: $327.9MHEI FY2020: $314MHEI FY2021: $304.2MHEI FY2022: $351.7MHEI FY2023: $403.6MHEI FY2024: $514.1MHEI FY2025: $690.4MRTX FY2018: $5.3BRTX FY2019: $5.5BRTX FY2020: -$3.5BRTX FY2021: $3.9BRTX FY2022: $5.2BRTX FY2023: $3.2BRTX FY2024: $4.8BRTX FY2025: $6.7BFY18FY19FY20FY21FY22FY23FY24FY25
HEI $690.4MRTX $6.7B
Net margin
HEI FY2018: 14.6%HEI FY2019: 16.0%HEI FY2020: 17.6%HEI FY2021: 16.3%HEI FY2022: 15.9%HEI FY2023: 13.6%HEI FY2024: 13.3%HEI FY2025: 15.4%RTX FY2018: 15.2%RTX FY2019: 12.2%RTX FY2020: -6.2%RTX FY2021: 6.0%RTX FY2022: 7.7%RTX FY2023: 4.6%RTX FY2024: 5.9%RTX FY2025: 7.6%FY18FY19FY20FY21FY22FY23FY24FY25
HEI 15.4%RTX 7.6%
Revenue growth
HEI FY2019: +15.6%HEI FY2020: -13.1%HEI FY2021: +4.4%HEI FY2022: +18.4%HEI FY2023: +34.4%HEI FY2024: +30.0%HEI FY2025: +16.3%RTX FY2019: +30.7%RTX FY2020: +24.8%RTX FY2021: +13.8%RTX FY2022: +4.2%RTX FY2023: +2.8%RTX FY2024: +17.1%RTX FY2025: +9.7%FY19FY20FY21FY22FY23FY24FY25
HEI +16.3%RTX +9.7%
Free cash flow
HEI FY2018: $286.6MHEI FY2019: $408.4MHEI FY2020: $386.2MHEI FY2021: $407.9MHEI FY2022: $435.9MHEI FY2023: $399.3MHEI FY2024: $614.1MHEI FY2025: $861.4MRTX FY2018: $1.2BRTX FY2019: $4BRTX FY2020: $2.5BRTX FY2021: $5BRTX FY2022: $4.9BRTX FY2023: $5.5BRTX FY2024: $4.5BRTX FY2025: $7.9BFY18FY19FY20FY21FY22FY23FY24FY25
HEI $861.4MRTX $7.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about Heico and RTX

Which is bigger by revenue, Heico or RTX?

RTX is bigger by revenue: $88.6B in fiscal 2025, against $4.5B for Heico in fiscal 2025.

Which keeps more of its revenue as profit, Heico or RTX?

Heico had a net margin of 15.4% in fiscal 2025; RTX had 7.6% in fiscal 2025.

Which grew revenue faster, Heico or RTX?

In their latest fiscal years revenue changed by +16.3% at Heico and +9.7% at RTX.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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