HEI vs. PM
HEI (HEICO Corporation) and PM (Philip Morris International Inc.) are both stocks. HEI operates in Aerospace & Defense (Industrials), while PM operates in Tobacco (Consumer Defensive). Over the past 10 years, HEI returned 25.98%/yr vs 11.71%/yr for PM. At a 0.25 correlation, their price movements are largely independent.
Performance
HEI vs. PM - Performance Comparison
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Returns By Period
In the year-to-date period, HEI achieves a 2.52% return, which is significantly lower than PM's 15.93% return. Over the past 10 years, HEI has outperformed PM with an annualized return of 25.98%, while PM has yielded a comparatively lower 11.71% annualized return.
HEI
- 1D
- -2.24%
- 1M
- 13.64%
- YTD
- 2.52%
- 6M
- 6.84%
- 1Y
- 9.12%
- 3Y*
- 26.36%
- 5Y*
- 18.39%
- 10Y*
- 25.98%
PM
- 1D
- 1.95%
- 1M
- -1.92%
- YTD
- 15.93%
- 6M
- 22.12%
- 1Y
- 3.66%
- 3Y*
- 31.18%
- 5Y*
- 18.78%
- 10Y*
- 11.71%
HEI vs. PM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HEI HEICO Corporation | 2.52% | 36.22% | 33.05% | 16.56% | 6.67% | 9.06% | 16.16% | 47.54% | 28.51% | 53.04% |
PM Philip Morris International Inc. | 15.93% | 37.99% | 34.34% | -1.85% | 12.31% | 20.78% | 3.69% | 35.02% | -33.30% | 19.85% |
Correlation
The correlation between HEI and PM is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2008 | 0.25 |
Over the past year, the correlation between HEI and PM has dropped to 0.03 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.
Fundamentals
HEI:
$46.77B
PM:
$288.03B
HEI:
$5.60
PM:
$7.12
HEI:
59.22
PM:
25.90
HEI:
2.67
PM:
2.81
HEI:
9.52
PM:
6.93
HEI:
$4.91B
PM:
$41.49B
HEI:
$943.00M
PM:
$27.93B
HEI:
$1.12B
PM:
$17.74B
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Return for Risk
HEI vs. PM — Risk / Return Rank
HEI
PM
HEI vs. PM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HEICO Corporation (HEI) and Philip Morris International Inc. (PM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HEI | PM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.05 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 0.18 | +0.16 |
| Martin ratioReturn relative to average drawdown | 0.82 | 0.34 | +0.48 |
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Drawdowns
HEI vs. PM - Drawdown Comparison
The maximum HEI drawdown since its inception was -75.50%, which is greater than PM's maximum drawdown of -42.87%. Use the drawdown chart below to compare losses from any high point for HEI and PM.
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Drawdown Indicators
| HEI | PM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.50% | -42.87% | -32.63% |
Max Drawdown (1Y)Largest decline over 1 year | -27.11% | -20.64% | -6.47% |
Max Drawdown (3Y)Largest decline over 3 years | -27.11% | -20.64% | -6.47% |
Max Drawdown (5Y)Largest decline over 5 years | -27.11% | -22.78% | -4.33% |
Max Drawdown (10Y)Largest decline over 10 years | -57.73% | -42.87% | -14.86% |
Current DrawdownCurrent decline from peak | -7.38% | -3.94% | -3.44% |
Average DrawdownAverage peak-to-trough decline | -19.95% | -10.02% | -9.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.18% | 10.81% | +0.37% |
Volatility
HEI vs. PM - Volatility Comparison
HEICO Corporation (HEI) has a higher volatility of 14.84% compared to Philip Morris International Inc. (PM) at 7.76%. This indicates that HEI's price experiences larger fluctuations and is considered to be riskier than PM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEI | PM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.84% | 7.76% | +7.08% |
Volatility (6M)Calculated over the trailing 6-month period | 27.73% | 21.07% | +6.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.32% | 27.73% | +5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.71% | 22.73% | +4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.65% | 24.46% | +6.19% |
Dividends
HEI vs. PM - Dividend Comparison
HEI's dividend yield for the trailing twelve months is around 0.07%, less than PM's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEI HEICO Corporation | 0.07% | 0.07% | 0.09% | 0.11% | 0.12% | 0.12% | 0.12% | 0.12% | 0.14% | 0.08% | 0.22% | 0.28% |
PM Philip Morris International Inc. | 3.13% | 3.52% | 4.40% | 5.46% | 4.98% | 5.16% | 5.73% | 5.43% | 6.73% | 3.99% | 4.50% | 4.60% |
Financials
HEI vs. PM - Financials Comparison
This section allows you to compare key financial metrics between HEICO Corporation and Philip Morris International Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
HEI vs. PM - Profitability Comparison
HEI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HEICO Corporation reported a gross profit of -454.96M and revenue of 1.38B. Therefore, the gross margin over that period was -33.1%.
PM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a gross profit of 6.91B and revenue of 10.15B. Therefore, the gross margin over that period was 68.1%.
HEI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HEICO Corporation reported an operating income of 350.44M and revenue of 1.38B, resulting in an operating margin of 25.5%.
PM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported an operating income of 3.89B and revenue of 10.15B, resulting in an operating margin of 38.4%.
HEI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HEICO Corporation reported a net income of 233.80M and revenue of 1.38B, resulting in a net margin of 17.0%.
PM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a net income of 2.44B and revenue of 10.15B, resulting in a net margin of 24.0%.
Frequently Asked Questions
HEI and PM have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HEI has higher volatility (14.84%) compared to PM (7.76%). In terms of maximum drawdown, HEI dropped -75.50% vs PM's -42.87%.
HEI currently has the higher Sharpe Ratio (0.27 vs 0.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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