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Heico Corporation  (HEI)
Other Ticker:  
 
    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods

Heico's

Competitiveness


 

HEI Sales vs. its Competitors Q2 2020



Comparing the results to its competitors, Heico reported Total Revenue decrease in the 2 quarter 2020 year on year by -27.41 %, faster than overall decrease of Heico's competitors by -22.7 %, recorded in the same quarter.

List of HEI Competitors

With net margin of 14.9 % company achieved higher profitability than its competitors.

More on HEI Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Heico Corporation Net Income in 2 quarter 2020 declined year on year by -35.36 %, faster than the decline experianced by the competitors

<<  More on HEI Income Comparisons


Heico's Comment on Competitors and Industry Peers


The aerospace product and service industry is characterized by intense competition. Some of our competitors have substantially greater name recognition, inventories, complementary product and service offerings, financial, marketing and other resources than we do. As a result, such competitors may be able to respond more quickly to customer requirements than we can. Moreover, smaller competitors may be in a position to offer more attractive pricing as a result of lower labor costs and other factors.

Our jet engine and aircraft component replacement parts business competes primarily with aircraft engine and aircraft component manufacturers. The competition is principally based on price and service to the extent that our parts are interchangeable. With respect to other aerospace products and services sold by the Flight Support Group, we compete with both the leading jet engine and aircraft component OEMs and a large number of machining, fabrication, distribution and repair companies, some of which have greater financial and other resources than we do. Competition is based mainly on price, product performance, service and technical capability.

Competition for the repair and overhaul of jet engine and aircraft components comes from three principal sources: OEMs, major commercial airlines and other independent service companies. Some of these competitors have greater financial and other resources than we do. Some major commercial airlines own and operate their own service centers and sell repair and overhaul services to other aircraft operators. Foreign airlines that provide repair and overhaul services typically provide these services for their own aircraft components and for third parties. OEMs also maintain service centers that provide repair and overhaul services for the components they manufacture. Other independent service organizations also compete for the repair and overhaul business of other users of aircraft components. We believe that the principal competitive factors in the repair and overhaul market are quality, turnaround time, overall customer service and price.

Our Electronic Technologies Group competes with several large and small domestic and foreign competitors, some of which have greater financial and other resources than we do. The markets for our electronic products are niche markets with several competitors where competition is based mainly on design, technology, quality, price, service and customer satisfaction.





  

Total Segment Market Share Q2 2020

despite revenue deterioration, Heico inceased its market share in this segment.

company inceased its market share in this segment to approximate 11.5 %.



<<  More on HEI Market Share.
 

*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.


HEI's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Heico Corporation HEI 15,656 1,893 357 3,500
Barnes Group Inc B 2,022 1,350 125 5,036
Ball Corp BLL 30,372 11,258 337 15,000
Cyalume Technologies Holdings, Inc. CYLU 24 43 2 462
General Dynamics Corporation GD 39,710 38,547 3,264 99,500
General Electric Co GE 61,850 84,253 -4,560 305,000
Honeywell International Inc HON 120,231 34,522 5,943 131,000
Orbital Atk, Inc. OA 7,801 4,991 345 12,300
Oshkosh Corporation OSK 5,375 7,268 375 13,300
Parker hannifin Corporation PH 28,229 13,696 1,207 54,750
Proto Labs Inc PRLB 3,673 452 61 1,700
Raytheon Technologies Corporation RTX 94,100 71,318 -1,273 0
Sigma Labs Inc SGLB 11 1 -5 4
Sifco Industries Inc SIF 22 116 7 465
Transdigm Group Incorporated TDG 28,763 5,521 792 8,200
Textron Inc TXT 7,730 13,298 543 34,000
SUBTOTAL 445,571 288,526 7,518 684,217


       
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