SARO earnings analysis
What we found in SARO's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Reported revenue reached $1.63 billion, up 13.3% from $1.44 billion in Q1 2025.
- Increased EPS
- Diluted EPS rose to $0.33, beating estimates of $0.25 and previous year's $0.19.
- Improved EBITDA Margins
- Despite pressure, Adjusted EBITDA increased 2.7% to $203.2 million with a margin of 12.5%.
- Segment Growth
- Engine Services revenue increased 14.1% to $1.45 billion, while Component Repair Services grew 7.4%.
- Decrease in Interest Expenses
- Interest expense decreased by 12.9%, down to $38.2 million from $43.8 million.
- Cash Position Improvement
- Maintained $89.2 million in cash despite operational cash burn, aided by financing.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increased Operating Cash Flow Drain
- Net cash used in operating activities surged to $119.6 million from $24 million in Q1 2025.
- Decreased Cash Balance
- Cash dropped to $89.2 million from $289.7 million end of 2025, posing liquidity risks.
- Supply Chain Risks
- Ongoing supply chain disruptions remain a concern, impacting operational efficiency and costs.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.33
- Segment
- Engine Services
- Segment
- Component Repair Services
What they said about what is next.
Management expects continued revenue growth driven by robust demand across all end markets.
The filing reads better than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing SARO makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever