NYSE : SARO
StandardAero, Inc. — Financial statements
Industrials · Aerospace & Defense · United States
Last price 23.38 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 7.60B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
StandardAero, Inc. (SARO) reported revenue of 6.32B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 6.32B | 6.06B | 5.24B | 4.56B | 4.15B | 3.48B |
| Cost of Revenue | 5.37B | 5.17B | 4.48B | 3.93B | 3.60B | 3.06B |
| Gross Profit | 951.70M | 897.45M | 754.14M | 635.32M | 551.53M | 416.48M |
| Selling, General & Admin | 254.76M | 247.70M | 254.09M | 202.77M | 188.10M | 156.38M |
| Amortization of Goodwill & Intangibles | 98.78M | 98.68M | 95.46M | 93.68M | 93.68M | 94.00M |
| Operating Expenses | 353.54M | 346.38M | 349.55M | 296.45M | 281.78M | 250.38M |
| Operating Income | 598.16M | 551.07M | 404.59M | 338.87M | 269.75M | 166.10M |
| Interest Expense | -166.02M | -174.22M | -282.51M | -309.64M | -242.99M | -205.26M |
| Other Non Operating Income (Expenses) | 3.51M | 2.84M | ||||
| EBT Excluding Unusual Items | 432.14M | 376.85M | 122.09M | 32.74M | 26.76M | -36.33M |
| Merger & Restructuring Charges | -1.37M | -1.51M | -1.28M | -8.43M | ||
| Asset Writedown | -5.83M | |||||
| Other Unusual Items | -38.95M | -26.10M | 2.35M | |||
| Pretax Income | 432.14M | 376.85M | 81.76M | 5.12M | 22.00M | -44.76M |
| Income Tax Expense | 108.17M | 99.44M | 70.78M | 40.18M | 43.00M | -13.77M |
| Earnings From Continuing Operations | 323.97M | 277.42M | 10.97M | -35.06M | -21.00M | -30.99M |
| Minority Interest in Earnings | 278.00K | |||||
| Net Income | 323.97M | 277.42M | 10.97M | -35.06M | -21.00M | -30.71M |
| Net Income to Common | 323.97M | 277.42M | 10.97M | -35.06M | -21.00M | -30.71M |
| Shares Outstanding (Basic) | 327.61M | 328.45M | 288.42M | 275.18M | 275.18M | 281.21M |
| Shares Outstanding (Diluted) | 333.64M | 334.32M | 289.80M | 275.18M | 275.18M | 281.21M |
| EPS (Basic) | 0.99 | 0.84 | 0.04 | -0.13 | -0.08 | -0.11 |
| EPS (Diluted) | 0.97 | 0.83 | 0.04 | -0.13 | -0.08 | -0.11 |
| Free Cash Flow | 218.79M | 234.30M | -26.61M | 12.76M | -13.98M | 94.18M |
| Free Cash Flow Per Share | 0.66 | 0.70 | -0.09 | 0.05 | -0.05 | 0.34 |
| Gross Margin | 15.05% | 14.80% | 14.40% | 13.92% | 13.29% | 11.97% |
| Operating Margin | 9.46% | 9.09% | 7.72% | 7.43% | 6.50% | 4.77% |
| Profit Margin | 5.12% | 4.58% | 0.21% | -0.77% | -0.51% | -0.88% |
| Free Cash Flow Margin | 3.46% | 3.86% | -0.51% | 0.28% | -0.34% | 2.71% |
| EBITDA | 788.10M | 744.73M | 591.67M | 535.98M | 464.97M | 362.45M |
| EBITDA Margin | 12.46% | 12.28% | 11.30% | 11.74% | 11.20% | 10.42% |
| D&A For EBITDA | 189.94M | 193.66M | 187.08M | 197.10M | 195.22M | 196.36M |
| EBIT | 598.16M | 551.07M | 404.59M | 338.87M | 269.75M | 166.10M |
| EBIT Margin | 9.46% | 9.09% | 7.72% | 7.43% | 6.50% | 4.77% |
| Effective Tax Rate | 25.03% | 26.39% | 86.58% | 784.92% | 195.47% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 179.06M | 289.72M | 102.58M | 57.98M | 120.06M | |
| Trading Asset Securities | 1.54M | 7.20M | 13.07M | |||
| Cash & Short-Term Investments | 179.06M | 289.72M | 104.12M | 65.18M | 133.14M | |
| Accounts Receivable | 2.02B | 1.73B | 1.50B | 1.33B | 1.21B | |
| Other Receivables | 25.17M | 10.18M | 9.96M | 10.98M | 12.92M | |
| Receivables | 2.04B | 1.74B | 1.51B | 1.34B | 1.22B | |
| Inventory | 772.10M | 827.69M | 847.02M | 698.80M | 605.01M | |
| Prepaid Expenses | 34.83M | 41.02M | 28.17M | 31.01M | 53.99M | |
| Other Current Assets | 1.76M | 1.06M | ||||
| Total Current Assets | 3.03B | 2.90B | 2.49B | 2.14B | 2.01B | |
| Property, Plant & Equipment | 813.91M | 802.12M | 740.81M | 690.68M | 709.64M | |
| Long-Term Investments | 2.44M | |||||
| Goodwill | 1.71B | 1.68B | 1.69B | 1.63B | 1.61B | |
| Other Intangible Assets | 1.29B | 1.17B | 1.30B | 1.30B | 1.39B | |
| Long-Term Deferred Tax Assets | 2.83M | 2.83M | 1.08M | 4.73M | 4.00M | |
| Other Long-Term Assets | 5.93M | 6.43M | 4.42M | |||
| Total Assets | 6.85B | 6.56B | 6.21B | 5.76B | 5.73B | |
| Accounts Payable | 711.65M | 679.77M | 645.70M | 468.62M | 503.73M | |
| Accrued Expenses | 336.47M | 137.95M | 131.57M | 147.27M | 131.40M | |
| Current Portion of Long-Term Debt | 25.91M | 29.48M | 31.58M | 29.33M | 23.52M | |
| Current Portion of Leases | 26.66M | 23.09M | 18.50M | 17.88M | 16.12M | |
| Current Income Taxes Payable | 1.32M | 13.55M | 6.66M | 9.34M | 41.26M | |
| Current Unearned Revenue | 312.27M | 411.32M | 400.02M | 355.65M | 210.08M | |
| Other Current Liabilities | 4.80M | 21.19M | 39.52M | 41.36M | 42.70M | |
| Total Current Liabilities | 1.42B | 1.32B | 1.27B | 1.07B | 968.81M | |
| Long-Term Debt | 2.28B | 2.17B | 2.19B | 3.16B | 3.15B | |
| Long-Term Leases | 228.97M | 230.11M | 181.76M | 178.91M | 183.85M | |
| Pension & Post-Retirement Benefits | 3.60M | 2.60M | 6.90M | 4.20M | ||
| Long-Term Deferred Tax Liabilities | 152.44M | 157.21M | 169.82M | 182.30M | 209.38M | |
| Other Long-Term Liabilities | 11.23M | 9.43M | 18.32M | 12.05M | 15.10M | |
| Total Liabilities | 4.10B | 3.89B | 3.84B | 4.61B | 4.53B | |
| Common Stock | 3.31M | 3.35M | 3.35M | 2.81M | 27.00K | |
| Additional Paid-In Capital | 3.97B | 3.96B | 3.94B | 2.73B | 2.73B | |
| Retained Earnings | -1.11B | -1.29B | -1.56B | -1.57B | -1.54B | |
| Comprehensive Income & Other | -7.88M | -8.17M | -11.42M | -6.96M | 10.29M | |
| Shareholders' Equity | 2.75B | 2.67B | 2.37B | 1.15B | 1.20B | |
| Total Liabilities & Equity | 6.85B | 6.56B | 6.21B | 5.76B | 5.73B | |
| Total Debt | 2.57B | 2.46B | 2.43B | 3.39B | 3.37B | |
| Net Cash (Debt) | -2.39B | -2.17B | -2.32B | -3.32B | -3.24B | |
| Net Cash Per Share | -7.16 | -6.48 | -8.01 | -12.08 | -11.77 | |
| Filing Date Shares Outstanding | 325.10M | 326.81M | 328.43M | 281.21M | 275.18M | 281.21M |
| Total Common Shares Outstanding | 325.09M | 328.45M | 328.43M | 281.21M | 275.18M | 281.21M |
| Working Capital | 1.61B | 1.58B | 1.21B | 1.07B | 1.04B | |
| Book Value Per Share | 8.47 | 8.12 | 7.23 | 4.08 | 4.26 | |
| Tangible Book Value | -244.69M | -182.25M | -608.75M | -1.78B | -1.80B | |
| Tangible Book Value Per Share | -0.75 | -0.55 | -1.85 | -6.34 | -6.41 | |
| Land | 49.33M | 49.33M | 49.33M | 49.33M | ||
| Buildings | 142.41M | 148.48M | 148.26M | 148.21M | ||
| Machinery | 723.82M | 656.37M | 552.69M | 505.72M | ||
| Leasehold Improvements | 71.34M | 68.61M | 64.94M | 58.59M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 323.97M | 277.42M | 10.97M | -35.06M | -21.00M | -30.71M |
| Depreciation & Amortization | 189.94M | 193.66M | 187.08M | 197.10M | 195.22M | 196.36M |
| Other Amortization | 6.49M | 6.54M | 11.92M | 15.31M | 16.23M | 15.15M |
| Loss (Gain) From Sale of Assets | -1.23M | 2.84M | 482.00K | -14.00K | -202.00K | 1.86M |
| Asset Writedown & Restructuring Costs | 5.83M | |||||
| Stock-Based Compensation | 17.09M | 13.24M | 17.38M | |||
| Other Operating Activities | -7.41M | -14.49M | -7.45M | -10.14M | -24.87M | -55.98M |
| Change in Accounts Receivable | -268.86M | -230.22M | -150.64M | -111.39M | -181.69M | -108.86M |
| Change in Inventory | 79.68M | 19.33M | -138.01M | -91.25M | -53.05M | -113.56M |
| Change in Accounts Payable | 43.25M | 41.38M | 104.38M | -25.74M | 95.06M | 97.63M |
| Change in Unearned Revenue | -107.96M | 11.30M | 43.17M | 137.35M | 4.44M | 82.55M |
| Change in Income Taxes | 1.47M | 12.44M | -9.67M | -34.27M | 18.11M | 17.24M |
| Change in Other Net Operating Assets | 14.15M | -16.72M | 6.71M | 25.99M | -26.82M | 29.08M |
| Operating Cash Flow | 290.58M | 316.70M | 76.33M | 67.89M | 27.26M | 130.75M |
| Capital Expenditures | -71.79M | -82.41M | -102.94M | -55.13M | -41.24M | -36.57M |
| Sale of Property, Plant & Equipment | 2.31M | 5.12M | 1.81M | 3.51M | 3.37M | 3.62M |
| Cash Acquisitions | -33.23M | 1.28M | -114.07M | -31.05M | -19.91M | -232.54M |
| Sale (Purchase) of Intangibles | -879.00K | -30.40M | -20.25M | -30.18M | -2.98M | -29.15M |
| Investing Cash Flow | -103.58M | -106.40M | -235.45M | -112.86M | -60.75M | -294.64M |
| Long-Term Debt Issued | 715.00M | 3.25B | 1.48B | 145.00M | 266.75M | |
| Long-Term Debt Repaid | -738.45M | -4.24B | -1.49B | -169.31M | -24.38M | |
| Net Debt Issued (Repaid) | 1.56M | -23.45M | -988.51M | -8.80M | -24.31M | 242.37M |
| Issuance of Common Stock | 1.20B | |||||
| Other Financing Activities | -1.47M | -2.06M | -10.54M | -5.89M | -1.47M | -9.18M |
| Financing Cash Flow | -99.99M | -25.51M | 203.76M | -14.69M | -25.78M | 233.19M |
| Foreign Exchange Rate Adjustments | 543.00K | 2.34M | -41.00K | -2.43M | -3.85M | -3.41M |
| Net Cash Flow | 87.55M | 187.14M | 44.60M | -62.08M | -63.12M | 65.88M |
| Free Cash Flow | 218.79M | 234.30M | -26.61M | 12.76M | -13.98M | 94.18M |
| Free Cash Flow Margin | 3.46% | 3.86% | -0.51% | 0.28% | -0.34% | 2.71% |
| Free Cash Flow Per Share | 0.66 | 0.70 | -0.09 | 0.05 | -0.05 | 0.34 |
| Levered Free Cash Flow | 369.62M | 150.74M | 60.30M | 45.63M | ||
| Unlevered Free Cash Flow | 466.89M | 253.09M | 224.94M | 223.84M | ||
| Cash Interest Paid | 166.78M | 166.78M | 291.15M | 297.33M | 228.26M | 193.36M |
| Cash Income Tax Paid | 102.47M | 102.47M | 101.65M | 99.51M | 40.53M | 29.82M |
| Change in Working Capital | -238.27M | -162.50M | -144.06M | -99.31M | -143.96M | 4.07M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.17B | 9.42B | 8.28B | |||
| Enterprise Value | 10.56B | 11.89B | 11.87B | |||
| Last Close Price | 25.13 | 28.68 | 24.76 | |||
| PE Ratio | 25.91 | 33.97 | 754.63 | |||
| Forward PE | 18.77 | 26.14 | 32.83 | |||
| PS Ratio | 1.29 | 1.55 | 1.58 | |||
| PB Ratio | 2.97 | 3.53 | 3.49 | |||
| P/FCF Ratio | 37.34 | 40.22 | ||||
| P/OCF Ratio | 28.11 | 29.75 | 108.49 | |||
| PEG Ratio | 0.07 | 0.10 | 0.25 | |||
| EV/Sales Ratio | 1.67 | 1.96 | 2.27 | |||
| EV/EBITDA Ratio | 13.40 | 15.97 | 20.07 | |||
| EV/EBIT Ratio | 17.65 | 21.59 | 29.34 | |||
| EV/FCF Ratio | 48.25 | 50.77 | ||||
| Debt / Equity Ratio | 0.93 | 0.92 | 1.02 | 2.96 | 2.81 | |
| Debt / EBITDA Ratio | 3.09 | 3.14 | 3.88 | 5.96 | 6.80 | |
| Debt / FCF Ratio | 11.73 | 10.48 | 265.53 | |||
| Net Debt / Equity Ratio | 0.87 | 0.81 | 0.98 | 2.90 | 2.70 | |
| Net Debt / EBITDA Ratio | 3.03 | 2.91 | 3.92 | 6.20 | 6.96 | |
| Net Debt / FCF Ratio | 10.91 | 9.25 | -87.27 | 260.42 | -231.68 | |
| Asset Turnover | 0.95 | 0.95 | 0.88 | 0.79 | ||
| Inventory Turnover | 6.62 | 6.17 | 5.80 | 6.03 | ||
| Quick Ratio | 1.57 | 1.54 | 1.26 | 1.31 | 1.40 | |
| Current Ratio | 2.13 | 2.20 | 1.95 | 2.00 | 2.08 | |
| Return on Equity (ROE) | 12.30% | 11.01% | 0.62% | -2.99% | ||
| Return on Assets (ROA) | 5.61% | 5.39% | 4.22% | 3.69% | ||
| Return on Invested Capital (ROIC) | 8.79% | 8.51% | 1.19% | -52.11% | -5.80% | |
| Return on Capital Employed (ROCE) | 11.00% | 10.50% | 8.20% | 7.20% | 5.70% | |
| Earnings Yield | 3.86% | 2.94% | 0.13% | |||
| FCF Yield | 2.68% | 2.49% | -0.32% | |||
| Buyback Yield / Dilution | -4.48% | -15.36% | -5.31% | 2.15% |