StandardAero, Inc.

StandardAero services aircraft engines rather than building them. It describes itself as the world's largest independent company focused purely on engine aftermarket services: work done on engines after planes and helicopters are delivered. That includes scheduled and unscheduled maintenance, repair and overhaul (often shortened to MRO), repairs to individual engine parts, field service and engineering support for airlines, militaries and business jet operators.

Engine makers, called OEMs (original equipment manufacturers), control who may service their engines. StandardAero holds licenses for engines such as the Rolls-Royce AE 3007, Honeywell HTF7000 and Safran Arriel. It was also the first independent CFM International LEAP-1A and LEAP-1B Premier MRO provider in the Americas. OEMs are also big customers that subcontract repair work to it. The top four supplied about 36% of revenue in 2025. About 80% of revenue came from customers with long-term agreements. Most jobs are priced by time and materials or at a fixed price per service event.

In the year ended December 31, 2025, revenue was $6.06 billion, up 15.8%. Engine Services made up 89.6%. Component Repair Services, which also serves land, marine and oil and gas customers, made up 10.4%. Military work accounted for 17.8%. By region, the US supplied 55.9%, Canada 12.5%, the UK 7.4%, the rest of Europe 9% and Asia 8.4%.

• In Q2 FY2026 (ended Jun 30, 2026), revenue was $1.60B, up 4.6% from a year earlier, and net income was $97.3M (+43.7%).
• For fiscal 2025, revenue was $6.06B (+15.8% year over year; +13.5% a year from FY2022 to FY2025) with a 4.6% net margin.

• Over FY2022–FY2025: $0.00 in buybacks and $0.00 in dividends.
• The company pays no regular dividend.
• Shares outstanding changed -1.1% from Nov 13, 2024 to Jul 31, 2026.

Rank among 1514 US companies

Market value at each year end

StandardAero’s market value went from $8.28B at the end of 2024 to $7.35B on Oct 28, 2026, down 11%; since the end of 2025 it is down 23%.

Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 15 sales ($9.6M), 10 of them under pre-arranged 10b5-1 trading plans.

Large shareholders (13G filings)

ETFs with the most weight in SARO

1. Engine makers control licenses and parts. Engine makers (OEMs) decide who may service their engines and often require parts to come from them. Losing a license, or delays from its four largest parts suppliers, could disrupt work on key engines.
2. A few big customers. Its top four OEM customers supplied about 36% of revenue for 2025. Some can end contracts without penalty on written notice, and most contracts carry no minimum purchase requirements, so sales are not guaranteed.
3. Older engine models being retired. Part of revenue comes from mature engine models where the number still flying is flat or shrinking. As those engines leave service, StandardAero must win work on newer engines to replace the lost revenue.
4. Sizable debt, partly at variable rates. As of June 30, 2026, total debt was about $2.33 billion against $179 million of cash. Part of the debt has floating interest rates, so rising rates would raise interest costs.
5. Fixed prices meet rising costs. Some contracts set prices in advance. If labor, parts or turnaround times exceed estimates, StandardAero absorbs the difference. The company says inflation has hurt results and could push costs above what price increases recover.
6. Air travel slumps and defense budget cuts. Demand falls when airlines and business jet owners fly less because of recessions, fuel price spikes, wars or pandemics. Military work, 17.8% of 2025 revenue, depends on US defense budgets and outsourcing.

• Sep 28, 2026 Executive or board change
• Aug 6, 2026 Quarterly results released
• Jun 26, 2026 Shareholder vote results
• Jun 2, 2026 Executive or board change; Investor presentation or announcement
• May 7, 2026 Quarterly results released
• Feb 25, 2026 Quarterly results released
• Jan 29, 2026 Major agreement signed; Other company announcement
• Jan 27, 2026 Quarterly results released
• Dec 10, 2025 Other company announcement
• Nov 10, 2025 Acquisition or sale of assets completed

StandardAero pays no dividend. Its 10-K says it does not intend to declare one in the foreseeable future, so the only return for shareholders is a rising share price. It made no share buybacks from fiscal 2022 through fiscal 2025. For an income investor, that means no cash payments. Money for living costs would have to come from cashing in shares.

With only about two years of trading history, the stock has no record through the 2008 financial crisis, the 2020 COVID crash or the 2022 bear market. Shares rose 15.8% in calendar 2025. As of October 28, 2026, they were down 22.2% over one year, with a peak-to-trough fall of 40.3% in that span. Its beta, a measure of how much it moves relative to the overall market, was 1.31 over that year, meaning bigger swings than the market. A single stock carries more risk than a diversified fund that spreads money across many companies.