• Heico average pre-tax profit margin for 2023 was 20.83%, a 3.74% decline from 2022.
• Heico average pre-tax profit margin for 2022 was 21.64%, a 8.15% decline from 2021.
• Heico average pre-tax profit margin for 2021 was 20.01%, a 4.94% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.