StandardAero, Inc. SARO
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| 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 | 0.84 | 0.04 | -0.13 | -0.08 | — |
| EPS, diluted | 0.83 | 0.04 | -0.13 | -0.08 | — |
| Shares, diluted (wtd. avg.) | $334.3M | $289.8M | $275.2M | $275.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| 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.
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