• Heico average net profit margin for 2023 was 14.78%, a 9.55% decline from 2022.
• Heico average net profit margin for 2022 was 16.34%, a 4.14% decline from 2021.
• Heico average net profit margin for 2021 was 15.69%, a 11.26% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.