• Heico average price to free cash flow ratio for 2023 was 45.14, a 8.98% increase from 2022.
• Heico average price to free cash flow ratio for 2022 was 41.42, a 0.31% increase from 2021.
• Heico average price to free cash flow ratio for 2021 was 41.29, a 47.15% increase from 2020.

Price to free cash flow ratio can be defined as