StandardAero, Inc. (SARO)
StandardAero, Inc., founded in 1911 and based in Scottsdale, Arizona, offers specialized post-sale support for aircraft engines. The company provides these services for both fixed-wing and rotary-wing aircraft across a broad international scope, including North America (United States, Canada), Europe (United Kingdom, rest of Europe), Asia, and other global markets. Its operations are organized into two primary divisions: 1. Engine Services: This segment delivers a comprehensive suite of engine after-sales solutions. These include routine maintenance, complex repairs, complete overhauls, in-situ and on-location field support, asset oversight, and various engineering-related provisions. Its customer base spans the commercial aviation industry, military and helicopter fleets, and corporate jet operators. 2. Component Repair Services: This division focuses on the restoration and mending of engine parts and accessories. It serves clients in commercial aerospace, military and helicopter sectors, land-based and marine applications, and the oil and gas industry.
Sector: Aircraft Engines & Engine Parts
Industry: Aerospace & Defense
StandardAero, Inc.
NYSE:SAROIndustrials · Aerospace & Defense
+0.28%$21.78
AH Close$21.78+0.00%vs close
AH Close$21.78+0.00%vs close
Mkt Cap$7.21B
Float246.33M
O/S330.92M
Inst Own-
SI11.4%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$6.06B
Net Income$277.42M
Total Assets$6.56B
Free Cash Flow$203.89M
Debt & Equity
Debt 48%
Equity 52%
Total Debt$2.45B
Total Equity$2.67B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in SARO's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$6.56B
Liabilities$3.89B
Accounts Receivable$1.74B
Accounts Payable$679.77M
Inventory$827.69M
PP&E (Net)$802.12M
Goodwill$1.68B
Intangible Assets$244.88M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Revenue | $6.06B | $5.24B | $4.56B | $4.15B | $3.48B |
| YoY Growth | 15.8% | 14.8% | 9.9% | 19.3% | - |
| Cost of Revenue | $5.17B | $4.48B | $3.93B | $3.6B | $3.06B |
| Gross Profit | $897.45M | $754.16M | $635.28M | $545.68M | $416.48M |
| Gross Margin | 14.8% | 14.4% | 13.9% | 13.1% | 12.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $247.7M | $207.27M | $202.77M | $188.1M | $156.38M |
| Other | $98.68M | $143.67M | $95.16M | $94.94M | $102.44M |
| Total Operating Expenses | $346.38M | $350.94M | $297.93M | $283.05M | $258.82M |
| Operating Income (EBIT) | $551.07M | $403.22M | $337.36M | $262.63M | $157.66M |
| Operating Margin | 9.1% | 7.7% | 7.4% | 6.3% | 4.5% |
| Interest Expense | $174.22M | $291.67M | $327.98M | $242.99M | $205.26M |
| Interest Income | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$174.22M | -$321.46M | -$332.24M | -$240.64M | -$202.43M |
| Income Before Tax (EBT) | $376.85M | $81.76M | $5.12M | $22M | -$44.76M |
| Income Tax Expense | $99.44M | $70.78M | $40.18M | $43M | -$13.77M |
| Net Income | $277.42M | $10.97M | -$35.06M | -$21M | -$30.71M |
| Net Income Margin | 4.6% | 0.2% | -0.8% | -0.5% | -0.9% |
| Supplementary Data | |||||
| EPS | 0.84 | 0.04 | -0.10 | -0.06 | -0.09 |
| Diluted EPS | 0.83 | 0.04 | -0.10 | -0.06 | -0.09 |
| Weighted Average OS | 328.45M | 288.42M | 334.46M | 334.46M | 334.46M |
| EBITDA | $744.73M | $551.34M | $511.87M | $459.14M | $356.86M |
| EBITDA Margin | 12.3% | 10.5% | 11.2% | 11.1% | 10.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Assets | ||||
| Current Assets | ||||
| Cash and Cash Equivalents | $289.72M | $102.58M | $57.98M | $120.06M |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $289.72M | $102.58M | $57.98M | $120.06M |
| Accounts Receivable | $1.74B | $1.51B | $1.34B | $1.22B |
| Inventory | $827.69M | $847.02M | $698.8M | $605.01M |
| Other Current Assets | $42.78M | $29.71M | $39.13M | $68.86M |
| Total Current Assets | $2.9B | $2.49B | $2.14B | $2.01B |
| Long-Term Assets | ||||
| Property, Plant & Equipment Net | $802.12M | $740.81M | $690.68M | $709.64M |
| Goodwill | $1.68B | $1.69B | $1.63B | $1.61B |
| Intangible Assets | $244.88M | $1.3B | $1.3B | $1.39B |
| Long-Term Investments | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $2.83M | $1.08M | $4.73M | $4M |
| Other Long-Term Assets | $926.87M | $4.42M | $0 | $2.44M |
| Total Long-Term Assets | $3.66B | $3.73B | $3.62B | $3.72B |
| Other Assets | $0 | $0 | -$1K | $0 |
| Total Assets | $6.56B | $6.21B | $5.76B | $5.73B |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | $679.77M | $645.7M | $468.63M | $503.73M |
| Short-Term Debt | $23.44M | $23.45M | $26.68M | $24.32M |
| Current Income Tax Payable | $13.55M | $6.66M | $9.34M | $41.26M |
| Current Unearned Revenue | $411.32M | $400.02M | $355.65M | $210.08M |
| Other Current Liabilities | $92.64M | $99.57M | $109.97M | $93.81M |
| Total Current Liabilities | $1.32B | $1.27B | $1.07B | $968.81M |
| Long-Term Liabilities | ||||
| Long-Term Debt | $2.19B | $2.21B | $3.17B | $3.16B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $157.21M | $169.82M | $182.3M | $209.38M |
| Other Long-Term Liabilities | $13.03M | $24.63M | $29.35M | $23.37M |
| Total Long-Term Liabilities | $2.57B | $2.57B | $3.54B | $3.56B |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Total Liabilities | $3.89B | $3.84B | $4.61B | $4.53B |
| Stockholders' Equity | ||||
| Preferred Stock | $0 | $0 | $0 | $0 |
| Common Stock | $3.35M | $3.35M | $2.81M | $2.81M |
| Retained Earnings | -$1.29B | -$1.56B | -$1.57B | -$1.54B |
| Comprehensive Income & Other | -$8.17M | -$11.42M | -$6.96M | $10.29M |
| Other Stockholders' Equity | $3.95B | $3.93B | $2.72B | $2.74B |
| Total Equity | $2.67B | $2.37B | $1.15B | $1.2B |
| Minority Interest | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $6.56B | $6.21B | $5.76B | $5.73B |
| Supplementary Data | ||||
| Total Debt | $2.45B | $2.41B | $3.38B | $3.37B |
| Net Debt | $2.16B | $2.31B | $3.32B | $3.25B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Operating Activities | |||||
| Net Income | $277.42M | $10.97M | -$35.06M | -$21M | -$30.99M |
| Depreciation & Amortization | $193.66M | $187.08M | $197.1M | $195.22M | $196.36M |
| Deferred Income Tax | -$15.79M | -$22.51M | -$19.85M | -$26.52M | -$57.24M |
| Stock-Based Compensation | $13.24M | $17.38M | $0 | $0 | $0 |
| Changes in Working Capital: | |||||
| Accounts Receivable | -$230.22M | -$150.64M | -$111.39M | -$181.69M | -$108.86M |
| Inventory | $19.33M | -$138.01M | -$91.25M | -$53.05M | -$113.56M |
| Accounts Payable | $41.38M | $104.38M | -$25.74M | $95.06M | $97.63M |
| Other Working Capital | $7.01M | $40.21M | $129.06M | -$4.28M | $128.87M |
| Total Working Capital Change | -$162.5M | -$144.06M | -$99.31M | -$143.96M | $4.07M |
| Other Non-Cash Items | $10.67M | $27.47M | $25.01M | $23.52M | $18.55M |
| Net Cash from Operating | $316.7M | $76.33M | $67.89M | $27.26M | $130.75M |
| Investing Activities | |||||
| Capital Expenditures | -$82.41M | -$102.94M | -$55.13M | -$41.24M | -$65.72M |
| Acquisitions | $1.28M | -$114.07M | -$31.05M | -$19.91M | -$232.54M |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$25.28M | -$18.44M | -$26.67M | $394K | $3.62M |
| Net Cash from Investing | -$106.4M | -$235.45M | -$112.86M | -$60.75M | -$294.64M |
| Financing Activities | |||||
| Debt Repaid | $23.45M | $988.51M | $8.8M | $24.31M | -$242.37M |
| Common Stock Issuance | $0 | $1.2B | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$2.06M | -$10.54M | -$5.89M | -$1.47M | -$9.18M |
| Net Cash from Financing | -$25.51M | $203.76M | -$14.69M | -$25.78M | $233.19M |
| Forex Effect | $2.34M | -$41K | -$2.43M | -$3.85M | -$3.41M |
| Net Change in Cash | $187.14M | $44.6M | -$62.08M | -$63.12M | $65.88M |
| Supplementary Data | |||||
| Operating Cash Flow | $316.7M | $76.33M | $67.89M | $27.26M | $130.75M |
| Capital Expenditure | -$112.81M | -$123.19M | -$85.31M | -$44.22M | -$65.72M |
| Free Cash Flow | $203.89M | -$46.85M | -$17.42M | -$16.95M | $65.03M |
| Cash at Beginning | $102.58M | $57.98M | $120.06M | $183.18M | $117.3M |
| Cash at End | $289.72M | $102.58M | $57.98M | $120.06M | $183.18M |