StandardAero, Inc.

Listed Company

SAROCIK 0002025410NYSELarge AcceleratedAircraft Engines & Engine PartsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$6.06B

Net Income

$277.42M

Total Assets

$6.56B

Equity

$2.67B

Shares Out

332.65M

Op. Cash Flow

$316.70M

Business

StandardAero, Inc. is the world’s largest independent pure‑play provider of aerospace engine aftermarket services for fixed and rotary wing aircraft, serving commercial, military and business aviation. It provides scheduled and unscheduled engine maintenance, repair and overhaul, engine component repair, on‑wing and field service support, asset management and engineering and fleet maintenance consulting solutions. Its key businesses include Engine Services and Component Repair Services, supported by OEM authorizations, specialized repair cells and regulatory design approvals. StandardAero serves approximately 5,000 global customers through direct sales, long‑term contracts, trade shows and a limited agent network across North America, Europe, Asia‑Pacific and other regions.

Summary from filing dated 2025-03-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Revenue	6,063	5,237	4,563	4,150
Cost of revenue	5,165	4,483	3,928	3,605
Selling, general and administrative expense	248	254	203	188
Amortization of intangible assets	99	95	94	94
Acquisition costs	0	1	2	1
Operating income	551	403	337	263
Interest expense	174	283	310	243
Refinancing costs	0	24	20	0
Loss on debt extinguishment	0	15	6	0
Other income	0	0	−4	−2
Income before income taxes	377	82	5	22
Income tax expense	99	71	40	43
Net income (loss)	277	11	−35	−21
Basic (per share)	0.84	0.04	−0.13	−0.08
Diluted (per share)	0.83	0.04	−0.13	−0.08
Basic (shares)	328	288	275	275
Diluted (shares)	334	290	275	275

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	290	103	58	—	—
Accounts receivable (less allowance for expected credit losses of $13,484 and $15,455, respectively)	654	581	518	—	—
Contract assets, net	1,072	915	810	—	—
Inventories	828	847	699	—	—
Prepaid expenses and other current assets	43	30	39	—	—
Income tax receivable	10	10	11	—	—
Total current assets	2,896	2,485	2,136	—	—
Property, plant and equipment, net	580	569	522	—	—
Operating lease right of use asset, net	222	172	169	—	—
Customer relationships, net	920	1,005	1,011	—	—
Other intangible assets, net	245	291	285	—	—
Goodwill	1,684	1,686	1,632	1,610	—
Other assets	6	4	0	—	—
Deferred income tax assets	3	1	5	—	—
Total assets	6,557	6,214	5,759	—	—
Accounts payable	680	646	469	—	—
Accrued expenses and other current liabilities	91	100	116	—	—
Accrued employee costs	74	79	76	—	—
Operating lease liabilities, current	22	18	17	—	—
Contract liabilities	411	400	356	—	—
Income taxes payable, current	14	7	9	—	—
Long-term debt, current portion	23	23	27	—	—
Total current liabilities	1,316	1,274	1,069	—	—
Long-term debt	2,191	2,208	3,172	—	—
Operating lease liabilities, non-current	212	164	159	—	—
Deferred income tax liabilities	157	170	—	—	—
Income taxes payable, non-current	6	—	3	—	—
Other non-current liabilities	7	25	26	—	—
Total liabilities	3,890	3,840	4,613	—	—
Commitments and contingencies (Note 15)	—	—	—	—	—
Common stock ($0.01 par value, 3,500,000,000 shares authorized; 334,461,630 issued and 334,294,245 outstanding as of December 31, 2025 and 334,461,630 shares issued and outstanding as of December 31, 2024)	3	3	3	—	—
Preferred stock ($0.01 par value, 100,000,000 shares authorized; no shares were issued)	—	—	—	—	—
Additional paid-in capital	3,958	3,945	2,725	—	—
Accumulated deficit	−1,286	−1,563	−1,574	—	—
Accumulated other comprehensive loss	−8	−11	−7	—	—
Total stockholder's equity	2,667	2,373	1,147	1,199	1,223
Total liabilities and stockholder's equity	6,557	6,214	5,759	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Net income (loss)	277	11	−35	−21
Depreciation and amortization	194	187	197	195
Amortization of deferred finance charges and discounts	7	12	15	16
Amortization of loss on derivative instruments	—	−304,000	−1	−2
Amortization of interest cap premiums	10	10	6	27,000
Payment of interest rate cap premiums	−10	−10	−6	−235,000
Stock compensation expense	13	17	—	—
Loss (gain) from disposals, net	3	482,000	−14,000	−202,000
Non-cash lease expense	3	2	1	973,000
Deferred income taxes	−16	−23	−20	−27
Foreign exchange gain (loss), net	−1	−1	3	3
Accounts receivable, net	−74	−58	19	−102
Contract assets, net	−157	−92	−130	−80
Inventories, net	19	−138	−91	−53
Prepaid expenses and other current assets	−16	5	26	−27
Accounts payable, accrued expenses, and other current liabilities	41	104	−26	95
Contract liabilities	11	43	137	4
Due to/from related parties	−907,000	1	−276,000	—
Income taxes payable and receivable	12	−10	−34	18
Net cash provided by operating activities	317	76	68	27
Acquisitions, net of cash and other	1	−114	−31	—
Purchase of property, plant and equipment	−82	−103	−55	−41
Payments for purchase of intangible assets	−30	−20	−30	−3
Proceeds from disposal of property, plant and equipment	5	2	4	3
Net cash used in investing activities	−106	−235	−113	−61
Proceeds from IPO, net	—	1,203	—	—
Proceeds from long-term debt	715	3,247	1,480	145
Repayment of long-term debt	−738	−4,236	−1,488	−169
Payment of deferred financing charges	—	−9	−3	—
Repayments of long-term agreements	−2	−1	−3	−1
Net cash (used in) provided by financing activities	−26	204	−15	−26
Effect of exchange rate changes on cash	2	−41,000	−2	−4
Net increase (decrease) in cash	187	45	−62	−63
Interest	167	291	297	228
Income taxes, net of tax refunds	102	102	100	41
Portion of capital expenditures in accrued expenses and other current liabilities	1	2	541,000	769,000
Acquisition of intangible assets, liability incurred but not paid	—	30	—	261,000

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro