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HEI-A

HEICO Corporation
CIK 0000046619 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
25.7
composite ยท 5 signals ยท CLEAN

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-07 ยท FY 2018-10-31 ยท ELEVATED39.1

Pension underfunding

[FY2018 data, stale โ€” no more recent pension disclosure in XBRL] DB plan 81% funded โ€” -$3M deficit (0% of equity)
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2020-12-23) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 12890000,
  "plan_assets": 10379000,
  "funded_ratio": 0.8052,
  "deficit": -2511000,
  "deficit_vs_equity": 0.0018,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": true,
  "latest_filing_period": "2025-10-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/46619/000004661920000078/0000046619-20-000078-index.htm",
    "form": "10-K",
    "filed": "2020-12-23"
  }
}
P-01 ยท FY 2025-10-31 ยท CLEAN28.7

Earnings quality

Beneish M-Score -2.50 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-12-22) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.495,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.018,
    "GMI": 0.977,
    "AQI": 0.983,
    "SGI": 1.163,
    "DEPI": 1.091,
    "SGAI": 0.975,
    "LVGI": 1.119,
    "TATA": -0.029
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": -0.0303,
  "inputs": {
    "revenue_t": 4485044000,
    "revenue_t1": 3857669000,
    "total_assets_t": 8500434000,
    "net_income_t": 690385000,
    "cfo_t": 934266000
  },
  "stale": false,
  "latest_filing_period": "2025-10-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/46619/000004661925000082/0000046619-25-000082-index.htm",
    "form": "10-K",
    "filed": "2025-12-22"
  }
}
P-05 ยท FY 2025-10-31 ยท CLEAN12.0

Tax arbitrage

ETR 16.6% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-12-22) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-10-31": 0.1656,
    "2024-10-31": 0.1749,
    "2023-10-31": 0.1997
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-10-31": 0.0444,
    "2024-10-31": 0.0351,
    "2023-10-31": 0.0103
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-10-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/46619/000004661925000082/0000046619-25-000082-index.htm",
    "form": "10-K",
    "filed": "2025-12-22"
  }
}
P-12 ยท FY 2025-10-31 ยท CLEAN22.8

Restatement predictor

F-Score 0.68 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-12-22) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.683,
  "probability": 0.00253,
  "components": {
    "rsst": -0.0303,
    "drec": 0.0123,
    "dinv": 0.0155,
    "soft": 0.9492,
    "dcs": 0.1369,
    "droa": 0.0135,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-10-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/46619/000004661925000082/0000046619-25-000082-index.htm",
    "form": "10-K",
    "filed": "2025-12-22"
  }
}
P-13 ยท FY 2023-10-31 ยท CLEAN0.0

Zombie / distress

[FY2023 data, stale โ€” no more recent EBIT figure in XBRL] Interest coverage 164.56x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-12-22) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-10-31": null,
    "2024-10-31": null,
    "2023-10-31": 164.563,
    "2022-10-31": null
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 3.758,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 625339000,
    "interest_expense_t": 3800000
  },
  "stale": true,
  "latest_filing_period": "2025-10-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/46619/000004661925000082/0000046619-25-000082-index.htm",
    "form": "10-K",
    "filed": "2025-12-22"
  }
}