StandardAero, Inc. SARO

Consumer discretionary SIC 3724 - Aircraft Engines & Engine Parts NAICS Manufacturing › Transportation Equipment Manufacturing › Aerospace Product and Parts Manufacturing › Aircraft Engine and Engine Parts Manufacturing derived NYSE

We believe that we are the world's largest independent, pure-play provider of aerospace engine aftermarket services for fixed and rotary wing aircraft, serving the commercial, military and business aviation end markets. We provide a comprehensive suite of critical, value-added aftermarket solutions, including scheduled and unscheduled engine maintenance, repair and overhaul, engine component repair, on-wing and field service support, asset management and engineering solutions. We serve a crucial role in the engine aftermarket value chain, connecting engine original equipment manufacturers ("OEMs") with aircraft operators through our aftermarket services, maintaining longstanding relationships with both. We command a leading reputation that is based upon our strong track record of safety, reliability and operational performance built over our more than 100 years of successful operations in the aerospace aftermarket.

Last close 21.78 2026-10-23
Market cap $7.21B 2026-06-30 share count
52-week range 19.56 - 34.48

Valuation FY2025 figures against the last close

P/S1.2x
P/E26.2x
P/FCF30.8x
EV/EBITDA12.3x
Dividend yield—
Diluted EPS0.83

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Canada
  • Rest of Europe
  • Asia
  • United Kingdom
  • Rest of the World
Revenue by geography, 6 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 3.4B (55.9%) 56% United States Canada, FY2025: 756.8M (12.5%) 12% Canada Rest of Europe, FY2025: 544.7M (9.0%) 9% Asia, FY2025: 508.9M (8.4%) 8% Asia United Kingdom, FY2025: 446.2M (7.4%) 7% Rest of the World, FY2025: 417.1M (6.9%) 7% FY2024 United States, FY2024: 3.1B (58.7%) 59% Canada, FY2024: 591.2M (11.3%) 11% Rest of Europe, FY2024: 402.1M (7.7%) 8% Asia, FY2024: 233.7M (4.5%) 4% United Kingdom, FY2024: 604.3M (11.5%) 12% Rest of the World, FY2024: 332.3M (6.3%) 6% FY2023 United States, FY2023: 2.9B (62.7%) 63% Canada, FY2023: 372.6M (8.2%) 8% Rest of Europe, FY2023: 360.3M (7.9%) 8% Asia, FY2023: 209.7M (4.6%) 5% United Kingdom, FY2023: 453.9M (9.9%) 10% Rest of the World, FY2023: 304.5M (6.7%) 7%
Region FY2025FY2024FY2023
United States $3.39B $3.07B $2.86B
Canada $756.8M $591.2M $372.6M
Rest of Europe $544.7M $402.1M $360.3M
Asia $508.9M $233.7M $209.7M
United Kingdom $446.2M $604.3M $453.9M
Rest of the World $417.1M $332.3M $304.5M

As the company reported it, from the “Segment Information - Summary of Revenues from External Customers by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Engine Services
  • Component Repair Services
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Engine Services, FY2025: 5.4B (88.3%) 88% Engine Services Component Repair Services, FY2025: 708.6M (11.7%) 12% FY2024 Engine Services, FY2024: 4.6B (88.7%) 89% Component Repair Services, FY2024: 592.4M (11.3%) 11% FY2023 Engine Services, FY2023: 4B (88.7%) 89% Component Repair Services, FY2023: 513.4M (11.3%) 11%
Segment FY2025FY2024FY2023
Engine Services $5.35B $4.64B $4.05B
Component Repair Services $708.6M $592.4M $513.4M

As the company reported it, from the “Segment Information - Summary of Selected Financial Information for Each Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021
Revenue $6.06B$5.24B$4.56B$4.15B—
Cost of revenue $5.17B$4.48B$3.93B$3.60B—
Gross profit $897.5M$754.1M$635.3M$545.7M—
SG&A $247.7M$254.1M$202.8M$188.1M—
Operating income $551.1M$403.2M$337.4M$262.6M—
Interest expense $174.2M$282.5M$309.6M$243.0M—
Pre-tax income $376.9M$81.8M$5.1M$22.0M—
Income tax $99.4M$70.8M$40.2M$43.0M—
Net income $277.4M$11.0M-$35.1M-$21.0M—
EPS, basic 0.840.04-0.13-0.08—
EPS, diluted 0.830.04-0.13-0.08—
Shares, diluted (wtd. avg.) 334.3M289.8M275.2M275.2M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021
Cash and equivalents $289.7M$102.6M$58.0M$120.1M$183.2M
Receivables $654.4M$580.7M$518.3M——
Inventory $827.7M$847.0M$698.8M——
Total current assets $2.90B$2.49B$2.14B——
Property, plant and equipment $580.0M$568.6M$522.2M——
Goodwill $1.68B$1.69B$1.63B$1.61B—
Other intangibles $1.17B$1.30B$1.30B——
Total assets $6.56B$6.21B$5.76B——
Accounts payable $679.8M$645.7M$468.6M——
Short-term debt $23.4M$23.4M$26.7M——
Total current liabilities $1.32B$1.27B$1.07B——
Long-term debt $2.19B$2.21B$3.17B——
Total liabilities $3.89B$3.84B$4.61B——
Retained earnings -$1.29B-$1.56B-$1.57B——
Total equity $2.67B$2.37B$1.15B$1.20B$1.22B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021
Operating cash flow $316.7M$76.3M$67.9M$27.3M—
Depreciation and amortisation $193.7M$187.1M$197.1M$195.2M—
Stock-based compensation $13.2M$17.4M———
Capital expenditure $82.4M$102.9M$55.1M$41.2M—
Investing cash flow -$106.4M-$235.4M-$112.9M-$60.8M—
Financing cash flow -$25.5M$203.8M-$14.7M-$25.8M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-072618.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B 6B 8B Revenue, FY2022: 4.2B Gross profit, FY2022: 545.7M Net income, FY2022: -21M Revenue, FY2023: 4.6B Gross profit, FY2023: 635.3M Net income, FY2023: -35.1M Revenue, FY2024: 5.2B Gross profit, FY2024: 754.1M Net income, FY2024: 11M Revenue, FY2025: 6.1B Gross profit, FY2025: 897.5M Net income, FY2025: 277.4M FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2021FY2022FY2023FY2024FY2025
Revenue — $4.15B $4.56B $5.24B $6.06B
Gross profit — $545.7M $635.3M $754.1M $897.5M
Net income — -$21.0M -$35.1M $11.0M $277.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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