StandardAero, Inc.
Business
StandardAero is the world's largest independent, pure-play provider of aerospace engine aftermarket services for fixed and rotary wing aircraft across commercial, military and business aviation markets. The company offers scheduled and unscheduled engine maintenance, repair and overhaul, engine component repair, on-wing and field service support, asset management and engineering solutions. StandardAero operates through Engine Services and Component Repair Services segments, holding exclusive or semi-exclusive OEM authorizations for multiple platforms and serving approximately 5,000 customers globally through operations in the United States, Canada, the United Kingdom, France, Ireland, Singapore, Australia, the Netherlands, Romania, South Africa, Brazil and Kenya.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is StandardAero, Inc.'s CIK number?
StandardAero, Inc.'s SEC CIK number is 0002025410 (2025410). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find StandardAero, Inc.'s SEC filings?
All of StandardAero, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did StandardAero, Inc. last report earnings?
StandardAero, Inc. (SARO) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-212095). This is StandardAero, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is StandardAero, Inc.'s most recent earnings 8-K?
StandardAero, Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001193125-26-212095. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View StandardAero, Inc.'s latest earnings 8-K →
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