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

Heico brought in $4.5B of revenue in fiscal 2025, StandardAero $6.1B in fiscal 2025. Revenue changed by +16.3% at Heico and +15.8% at StandardAero on the year before, so Heico grew faster. Heico kept 15.4% of its revenue as net profit, StandardAero 4.6%. Free cash flow was $861.4M at Heico and $234.3M at StandardAero.

Side by side, latest fiscal year

HEISARO
Fiscal year endedFY2025 (October 31, 2025)FY2025 (December 31, 2025)
Revenue$4.5B$6.1B
Revenue growth+16.3%+15.8%
Net income$690.4M$277.4M
Net margin15.4%4.6%
Free cash flow$861.4M$234.3M
Free cash flow margin19.2%3.9%
Earnings per share (diluted)$4.90$0.83
Cash$217.8M$289.7M
Debt$2.2B$2.2B
Price to earnings63.027.4
Market value$43.1B$7.5B
Dividend yield0.07%n/a
Rank by revenue in sector#131 of 451 · Industrials#106 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: $4.5BSARO FY2022: $4.2BSARO FY2024: $4.6BSARO FY2024: $5.2BSARO FY2025: $6.1BFY18FY19FY20FY21FY22FY23FY24FY25
HEI $4.5BSARO $6.1B
Net income
HEI FY2018: $259.2MHEI FY2019: $327.9MHEI FY2020: $314MHEI FY2021: $304.2MHEI FY2022: $351.7MHEI FY2023: $403.6MHEI FY2024: $514.1MHEI FY2025: $690.4MSARO FY2022: -$21MSARO FY2024: -$35.1MSARO FY2024: $11MSARO FY2025: $277.4MFY18FY19FY20FY21FY22FY23FY24FY25
HEI $690.4MSARO $277.4M
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%SARO FY2022: -0.5%SARO FY2024: -0.8%SARO FY2024: 0.2%SARO FY2025: 4.6%FY18FY19FY20FY21FY22FY23FY24FY25
HEI 15.4%SARO 4.6%
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%SARO FY2024: +9.9%SARO FY2024: +14.8%SARO FY2025: +15.8%FY19FY20FY21FY22FY23FY24FY25
HEI +16.3%SARO +15.8%
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: $861.4MSARO FY2022: -$14MSARO FY2024: $12.8MSARO FY2024: -$26.6MSARO FY2025: $234.3MFY18FY19FY20FY21FY22FY23FY24FY25
HEI $861.4MSARO $234.3M

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

Questions about Heico and StandardAero

Which is bigger by revenue, Heico or StandardAero?

StandardAero is bigger by revenue: $6.1B in fiscal 2025, against $4.5B for Heico in fiscal 2025.

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

Heico had a net margin of 15.4% in fiscal 2025; StandardAero had 4.6% in fiscal 2025.

Which grew revenue faster, Heico or StandardAero?

In their latest fiscal years revenue changed by +16.3% at Heico and +15.8% at StandardAero.

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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