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SARO

StandardAero, Inc.

SARO

StandardAero, Inc. • NYSE
$26.12 ▲ 1.87% (+0.48)
Market Cap $8.74 B
52w High $31.97
52w Low $21.31
Dividend Yield 0%
P/E 46.64
Volume 559.50K
Outstanding Shares 334.47M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.498B ▼ $85.817M ▲ $68.12M ▲ 4.548% ▲ $0.21 $185.448M ▲
Q2-2025 $1.529B ▲ $76.002M ▼ $67.713M ▲ 4.429% ▲ $0.21 ▲ $184.117M ▲
Q1-2025 $1.436B ▲ $88.807M ▼ $62.943M ▲ 4.384% ▲ $0.19 ▲ $177.599M ▲
Q4-2024 $1.41B ▲ $107.325M ▲ $-14.053M ▼ -0.997% ▼ $-0.043 ▼ $112.71M ▼
Q3-2024 $1.245B $88.183M $16.436M 1.321% $0.049 $143.69M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $97.503M ▲ $6.649B ▲ $4.064B ▲ $2.585B ▲
Q2-2025 $91.513M ▼ $6.483B ▼ $3.969B ▼ $2.513B ▲
Q1-2025 $140.818M ▲ $6.496B ▲ $4.058B ▲ $2.438B ▲
Q4-2024 $102.581M ▲ $6.214B ▲ $3.84B ▼ $2.373B ▲
Q3-2024 $51.265M $6.059B $4.895B $1.164B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $68.12M ▲ $0 ▼ $0 ▲ $0 ▲ $0 ▲ $0 ▲
Q2-2025 $67.713M ▲ $2.883M ▲ $-32.301M ▲ $-20.72M ▼ $-49.305M ▼ $-34.041M ▲
Q1-2025 $62.943M ▲ $-23.986M ▼ $-40.07M ▲ $102.434M ▲ $38.237M ▼ $-64.324M ▼
Q4-2024 $-14.053M ▼ $108.349M ▲ $-51.307M ▲ $-5.355M ▼ $51.316M ▲ $55.8M ▲
Q3-2024 $16.436M $-13.865M $-139.363M $143.199M $-9.009M $-39.186M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the last few years, showing that demand for StandardAero’s services is expanding. Profitability has also improved: operating profits and cash-style earnings (like EBITDA) have moved up consistently, which suggests better scale and efficiency. However, net profit at the bottom line has only recently turned barely positive after several years of small losses, so margins are still thin and somewhat fragile. Overall, the trend is clearly in the right direction, but the business is still transitioning from “scale-up and invest” mode to more durable profitability.

Balance Sheet

Balance Sheet The balance sheet shows a business that has invested heavily but is gradually de‑risking. Total assets have been edging higher, reflecting ongoing investment in facilities, equipment, and capabilities. Debt has come down meaningfully from prior years, which reduces financial strain, but leverage is still an important factor to track. Equity has increased sharply, helped by retained earnings improvements and likely capital inflows around the SPAC listing, which strengthens the company’s capital base. Cash on hand is modest relative to the size of the business, so liquidity is adequate but not overly comfortable, making disciplined cash management important.

Cash Flow

Cash Flow Operating cash flow is positive but relatively slim compared with the size of the business, indicating that the core operations are generating cash but not yet at a very robust level. Free cash flow has been negative in recent years mainly because of rising capital spending, not because the operations are deteriorating. This pattern is typical of a company investing in capacity, technology, and infrastructure. The main watch‑points are whether these investments translate into stronger, more stable operating cash generation over time and whether the company can keep funding its growth without stretching its balance sheet or liquidity too far.

Competitive Edge

Competitive Edge StandardAero operates in a specialized, high‑barrier segment of aerospace: maintenance, repair, and overhaul for complex engines and components. Its long list of approvals and close relationships with major engine makers gives it privileged access to technical data and a reliable flow of work. The company’s global network of facilities and its “center of excellence” structure help it offer local support with deep expertise, which is attractive to airlines, business aviation, and military customers. Competition in MRO is intense, but the combination of scale, technical depth, OEM partnerships, and a diversified customer base creates a meaningful competitive moat that would be hard and time‑consuming for new entrants to replicate.

Innovation and R&D

Innovation and R&D Innovation is tightly woven into StandardAero’s service model. The company has built proprietary repair technologies and coatings, such as its AeroBlue family, that extend engine life and improve performance, giving customers clear value beyond basic maintenance. Its dedicated repair development center designs custom repair methods and supports complex, next‑generation engines, reinforcing its technical leadership. StandardAero is also leaning into digital tools, engine health monitoring, and early uses of AI and machine learning to move toward predictive maintenance. On top of that, it is investing in emerging areas like electric taxiing systems and expanded capabilities for newer, more efficient engines. These efforts position the company to benefit from long‑term trends in more sustainable and data‑driven aviation, though they also require continued, careful spending and execution.

Summary

StandardAero shows a business with solid revenue momentum and improving profitability, but with earnings still relatively thin and sensitive to execution. The balance sheet has strengthened as debt has come down and equity has risen, yet leverage and modest cash levels mean that financial discipline remains important. Cash flows tell the story of a company in an investment phase: operations are cash‑generative, but heavy capital spending is absorbing that cash in pursuit of growth and technological edge. Competitively, StandardAero stands on strong ground, supported by deep OEM ties, a broad global footprint, and specialized capabilities that form a durable moat. Its commitment to innovation in repair technologies, digitalization, and sustainable aviation solutions offers clear long‑term opportunity, while also introducing the usual risks around technology adoption, certification, and return on investment. Overall, SARO appears to be an established MRO leader transitioning into life as a public company, balancing growth ambitions with the need to convert its strong competitive position into consistently stronger cash and profit outcomes.

NEWS

November 10, 2025 · 4:15 PM UTC

StandardAero Announces Third Quarter Results

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November 10, 2025 · 8:00 AM UTC

StandardAero Breaks Ground On Winnipeg Facility Expansion

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November 6, 2025 · 8:00 AM UTC

StandardAero Delivers 1,000th J85-5 Engine to U.S. Air Force

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October 24, 2025 · 7:30 AM UTC

StandardAero Announces Third Quarter 2025 Earnings Release and Conference Call Date

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October 16, 2025 · 8:00 AM UTC

Oman's Low-Cost Carrier SalamAir Extends Its CFM International LEAP-1A Support Relationship With StandardAero With PRSV GTA

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