10-K · February 26, 2026
StandardAero (SARO) presents a business focused on aftermarket engine services and component repair with two reportable segments (Engine Services; Component Repair Services) and claims to be "the world’s largest…
Earnings analysis · 10-Q
SARO earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
StandardAero (SARO) reported Q1 2026 revenue of $1.63 billion, a 13.3% increase year-over-year, with diluted EPS of $0.33, exceeding consensus estimates. The strong growth is attributed to increased demand across all…
Read full summary
StandardAero (SARO) reported Q1 2026 revenue of $1.63 billion, a 13.3% increase year-over-year, with diluted EPS of $0.33, exceeding consensus estimates. The strong growth is attributed to increased demand across all segments, particularly in business aviation. Management highlighted ongoing supply chain improvements and cost control as key to their performance.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.33
- Segment
- Engine Services
- Segment
- Component Repair Services
What stood out
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Strong Revenue Growth
Reported revenue reached $1.63 billion, up 13.3% from $1.44 billion in Q1 2025.
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Increased EPS
Diluted EPS rose to $0.33, beating estimates of $0.25 and previous year's $0.19.
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Improved EBITDA Margins
Despite pressure, Adjusted EBITDA increased 2.7% to $203.2 million with a margin of 12.5%.
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Segment Growth
Engine Services revenue increased 14.1% to $1.45 billion, while Component Repair Services grew 7.4%.
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Decrease in Interest Expenses
Interest expense decreased by 12.9%, down to $38.2 million from $43.8 million.
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Cash Position Improvement
Maintained $89.2 million in cash despite operational cash burn, aided by financing.
What to watch
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Increased Operating Cash Flow Drain
Net cash used in operating activities surged to $119.6 million from $24 million in Q1 2025.
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Decreased Cash Balance
Cash dropped to $89.2 million from $289.7 million end of 2025, posing liquidity risks.
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Supply Chain Risks
Ongoing supply chain disruptions remain a concern, impacting operational efficiency and costs.
Management's outlook
Management expects continued revenue growth driven by robust demand across all end markets.
Earlier filings 4
10-Q · November 10, 2025
StandardAero reported Q3 revenue of $1,497,962 (in thousands), up from $1,244,627 in Q3 2024 (+$253,335k, ~20%). Operating income rose to $137,342 (in thousands) versus $98,048 a year ago and diluted EPS increased to…
10-Q · May 13, 2025
StandardAero reported a strong operational Q1: revenue of $1,435,588 (in thousands) increased $199,865 (in thousands) year-over-year and beat consensus, with gross margin expanding to ~15.2% and operating margin to…
10-Q · November 13, 2024
StandardAero reported a strong operational quarter: revenue of $1,244,627,000 (three months ended September 30, 2024) increased $145,186,000 (13.2%) versus $1,099,441,000 in Q3 2023, with operating income rising to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.