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Heico vs Tat Technologies: revenue, profit, margins and growth compared

Heico brought in $4.5B of revenue in fiscal 2025, Tat Technologies $178M in fiscal 2025. Revenue changed by +16.3% at Heico and +17.0% at Tat Technologies on the year before, so Tat Technologies grew faster. Heico kept 15.4% of its revenue as net profit, Tat Technologies 9.4%. Free cash flow was $861.4M at Heico and $4M at Tat Technologies.

Side by side, latest fiscal year

HEITATT
Fiscal year endedFY2025 (October 31, 2025)FY2025 (December 31, 2025)
Revenue$4.5B$178M
Revenue growth+16.3%+17.0%
Net income$690.4M$16.8M
Net margin15.4%9.4%
Free cash flow$861.4M$4M
Free cash flow margin19.2%2.3%
Earnings per share (diluted)$4.90$1.37
Cash$217.8M$51.3M
Debt$2.2B$11.7M
Price to earnings63.0n/a
Market value$43.1B$487.8M
Dividend yield0.07%n/a
Rank by revenue in sector#131 of 451 · Industrials#362 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: $4.5BTATT FY2018: $87.7MTATT FY2019: $97.5MTATT FY2020: $75.4MTATT FY2021: $78MTATT FY2022: $84.6MTATT FY2023: $113.8MTATT FY2024: $152.1MTATT FY2025: $178MFY18FY19FY20FY21FY22FY23FY24FY25
HEI $4.5BTATT $178M
Net income
HEI FY2018: $259.2MHEI FY2019: $327.9MHEI FY2020: $314MHEI FY2021: $304.2MHEI FY2022: $351.7MHEI FY2023: $403.6MHEI FY2024: $514.1MHEI FY2025: $690.4MTATT FY2018: -$4.4MTATT FY2019: $806KTATT FY2020: -$5.3MTATT FY2021: -$3.6MTATT FY2022: -$1.6MTATT FY2023: $4.7MTATT FY2024: $11.2MTATT FY2025: $16.8MFY18FY19FY20FY21FY22FY23FY24FY25
HEI $690.4MTATT $16.8M
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%TATT FY2018: -5.0%TATT FY2019: 0.8%TATT FY2020: -7.1%TATT FY2021: -4.6%TATT FY2022: -1.8%TATT FY2023: 4.1%TATT FY2024: 7.3%TATT FY2025: 9.4%FY18FY19FY20FY21FY22FY23FY24FY25
HEI 15.4%TATT 9.4%
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%TATT FY2019: +11.1%TATT FY2020: -22.7%TATT FY2021: +3.5%TATT FY2022: +8.4%TATT FY2023: +34.6%TATT FY2024: +33.7%TATT FY2025: +17.0%FY19FY20FY21FY22FY23FY24FY25
HEI +16.3%TATT +17.0%
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: $861.4MTATT FY2018: -$2.1MTATT FY2019: $324KTATT FY2020: $2.1MTATT FY2021: -$18.5MTATT FY2022: -$21.1MTATT FY2023: -$2.8MTATT FY2024: -$10.9MTATT FY2025: $4MFY18FY19FY20FY21FY22FY23FY24FY25
HEI $861.4MTATT $4M

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

Questions about Heico and Tat Technologies

Which is bigger by revenue, Heico or Tat Technologies?

Heico is bigger by revenue: $4.5B in fiscal 2025, against $178M for Tat Technologies in fiscal 2025.

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

Heico had a net margin of 15.4% in fiscal 2025; Tat Technologies had 9.4% in fiscal 2025.

Which grew revenue faster, Heico or Tat Technologies?

In their latest fiscal years revenue changed by +16.3% at Heico and +17.0% at Tat Technologies.

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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