SARO on NYSE
StandardAero, Inc.
American aircraft engines and engine parts company based in Wilmington.
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with HEICO, Honeywell or RTX, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
9.1%Operating margin3
4.6%Net margin3
15.8%Revenue growth, 20253
10.4%Return on equity3
0.82×Debt to equity3
$234.3MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Engine Services brought in 45% of the revenue StandardAero, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Engine Services | $4.0B | $4.6B | $5.4B |
| Commercial Aerospace | $2.5B | $3.1B | $3.6B |
| Business Aviation | $969.0M | $1.0B | $1.2B |
| Military And Helicopter | $968.1M | $973.8M | $1.1B |
| Component Repair Services | $513.4M | $592.4M | $708.6M |
| Rental Engines | $81.4M | $83.6M | $85.9M |
Business segments
Engine Services brought in 88% of the revenue StandardAero, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Engine Services | $4.1B | $4.7B | $5.4B |
| Component Repair Services | $513.4M | $592.4M | $708.6M |
Regions
United States brought in 56% of the revenue StandardAero, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $2.9B | $3.1B | $3.4B |
| Canada | $372.6M | $591.2M | $756.8M |
| Rest Of Europe | $360.3M | $402.1M | $544.7M |
| Asia | $209.7M | $233.7M | $508.9M |
| United Kingdom | $453.9M | $604.3M | $446.2M |
| Rest Of World | $304.5M | $332.3M | $417.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue85¢$5.2B
- Selling, general and admin4¢$247.7M
- Other costs2¢$98.7M
- Interest3¢$174.2M
- Income tax2¢$99.4M
- Profit5¢$277.4M
Out of $6.1B in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Capital spending26¢$82.4M
- Kept or used elsewhere74¢$234.3M
Out of $316.7M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $6.1B | $5.2B | $4.6B |
| Cost of revenue | $5.2B | $4.5B | $3.9B |
| Selling, general and administrative expense | $247.7M | $254.1M | $202.8M |
| Amortization of intangible assets | $98.7M | $95.5M | $93.7M |
| Acquisition costs | $0 | $1.4M | $1.5M |
| Operating income | $551.1M | $403.2M | $337.4M |
| Interest expense | $174.2M | $282.5M | $309.6M |
| Refinancing costs | $0 | $23.7M | $19.9M |
| Loss on debt extinguishment | $0 | $15.3M | $6.2M |
| Other income | $0 | $0 | -$3.5M |
| Income before income taxes | $376.9M | $81.8M | $5.1M |
| Income tax expense | $99.4M | $70.8M | $40.2M |
| Net income (loss) | $277.4M | $11.0M | -$35.1M |
| Basic | $0.84 | $0.04 | -$0.13 |
| Diluted | $0.83 | $0.04 | -$0.13 |
| Basic | 328.4M shares | 288.4M shares | 275.2M shares |
| Diluted | 334.3M shares | 289.8M shares | 275.2M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 6 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2024-09-30 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash | $289.7M | $102.6M | |||
| Accounts receivable (less allowance for expected credit losses of $13,484 and $15,455, respectively) | $654.4M | $580.7M | |||
| Contract assets, net | $1.1B | $915.2M | |||
| Inventories | $827.7M | $847.0M | |||
| Prepaid expenses and other current assets | $42.8M | $29.7M | |||
| Income tax receivable | $10.2M | $10.0M | |||
| Total current assets | $2.9B | $2.5B | |||
| Property, plant and equipment, net | $580.0M | $568.6M | |||
| Operating lease right of use asset, net | $222.2M | $172.2M | |||
| Customer relationships, net | $920.4M | $1.0B | |||
| Other intangible assets, net | $244.9M | $291.5M | |||
| Goodwill | $1.7B | $1.7B | $1.6B | ||
| Other assets | $6.4M | $4.4M | |||
| Deferred income tax assets | $2.8M | $1.1M | |||
| Total assets | $6.6B | $6.2B | |||
| Accounts payable | $679.8M | $645.7M | |||
| Accrued expenses and other current liabilities | $91.5M | $99.6M | |||
| Accrued employee costs | $74.0M | $79.1M | |||
| Operating lease liabilities, current | $22.3M | $17.7M | |||
| Contract liabilities | $411.3M | $400.0M | |||
| Income taxes payable, current | $13.5M | $6.7M | |||
| Long-term debt, current portion | $23.4M | $23.4M | |||
| Total current liabilities | $1.3B | $1.3B | |||
| Long-term debt | $2.2B | $2.2B | |||
| Operating lease liabilities, non-current | $212.4M | $164.2M | |||
| Deferred income tax liabilities | $157.2M | $169.8M | |||
| Income taxes payable, non-current | $5.8M | ||||
| Other non-current liabilities | $7.3M | $24.6M | |||
| Total liabilities | $3.9B | $3.8B | |||
| 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) | $3.3M | $3.3M | |||
| Additional paid-in capital | $4.0B | $3.9B | |||
| Accumulated deficit | -$1.3B | -$1.6B | |||
| Accumulated other comprehensive loss | -$8.2M | -$11.4M | |||
| Total stockholder's equity | $2.7B | $2.4B | $1.1B | ||
| Total liabilities and stockholder's equity | $6.6B | $6.2B | |||
| Allowance for expected credit losses | $13.5M | $15.5M | |||
| Common stock, par value | $0.01 | $0.01 | $0.01 | ||
| Common stock, shares authorized | 3.5B shares | 3.5B shares | 3.5B shares | ||
| Common stock, shares, issued | 334.5M shares | 334.5M shares | |||
| Common stock, shares, outstanding | 334.3M shares | 334.5M shares | |||
| Preferred stock, par value | $0.01 | ||||
| Preferred stock, shares authorized | 100.0M shares | ||||
| Preferred stock, shares, issued | 0 shares | ||||
| Treasury stock, shares at cost | 176.0K shares | 0 shares |
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2024-09-30 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash | $289.7M | $102.6M | ||||
| Accounts receivable (less allowance for expected credit losses of $13,484 and $15,455, respectively) | $654.4M | $580.7M | ||||
| Contract assets, net | $1.1B | $915.2M | ||||
| Inventories | $827.7M | $847.0M | ||||
| Prepaid expenses and other current assets | $42.8M | $29.7M | ||||
| Income tax receivable | $10.2M | $10.0M | ||||
| Total current assets | $2.9B | $2.5B | ||||
| Property, plant and equipment, net | $580.0M | $568.6M | ||||
| Operating lease right of use asset, net | $222.2M | $172.2M | ||||
| Customer relationships, net | $920.4M | $1.0B | ||||
| Other intangible assets, net | $244.9M | $291.5M | ||||
| Goodwill | $1.7B | $1.7B | $1.6B | |||
| Other assets | $6.4M | $4.4M | ||||
| Deferred income tax assets | $2.8M | $1.1M | ||||
| Total assets | $6.6B | $6.2B | ||||
| Accounts payable | $679.8M | $645.7M | ||||
| Accrued expenses and other current liabilities | $91.5M | $99.6M | ||||
| Accrued employee costs | $74.0M | $79.1M | ||||
| Operating lease liabilities, current | $22.3M | $17.7M | ||||
| Contract liabilities | $411.3M | $400.0M | ||||
| Income taxes payable, current | $13.5M | $6.7M | ||||
| Long-term debt, current portion | $23.4M | $23.4M | ||||
| Total current liabilities | $1.3B | $1.3B | ||||
| Long-term debt | $2.2B | $2.2B | ||||
| Operating lease liabilities, non-current | $212.4M | $164.2M | ||||
| Deferred income tax liabilities | $157.2M | $169.8M | ||||
| Income taxes payable, non-current | $5.8M | |||||
| Other non-current liabilities | $7.3M | $24.6M | ||||
| Total liabilities | $3.9B | $3.8B | ||||
| 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) | $3.3M | $3.3M | ||||
| Additional paid-in capital | $4.0B | $3.9B | ||||
| Accumulated deficit | -$1.3B | -$1.6B | ||||
| Accumulated other comprehensive loss | -$8.2M | -$11.4M | ||||
| Total stockholder's equity | $2.7B | $2.4B | $1.1B | $1.2B | ||
| Total liabilities and stockholder's equity | $6.6B | $6.2B | ||||
| Allowance for expected credit losses | $13.5M | $15.5M | ||||
| Common stock, par value | $0.01 | $0.01 | $0.01 | |||
| Common stock, shares authorized | 3.5B shares | 3.5B shares | 3.5B shares | |||
| Common stock, shares, issued | 334.5M shares | 334.5M shares | ||||
| Common stock, shares, outstanding | 334.3M shares | 334.5M shares | ||||
| Preferred stock, par value | $0.01 | |||||
| Preferred stock, shares authorized | 100.0M shares | |||||
| Preferred stock, shares, issued | 0 shares | |||||
| Treasury stock, shares at cost | 176.0K shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $277.4M | $11.0M | -$35.1M |
| Depreciation and amortization | $193.7M | $187.1M | $197.1M |
| Amortization of deferred finance charges and discounts | $6.5M | $11.9M | $15.3M |
| Amortization of loss on derivative instruments | -$304.0K | -$1.4M | |
| Amortization of interest cap premiums | $9.9M | $10.2M | $6.3M |
| Payment of interest rate cap premiums | -$10.1M | -$10.2M | -$5.9M |
| Stock compensation expense | $13.2M | $17.4M | |
| Loss on debt extinguishment | $0 | $15.3M | $6.2M |
| Loss (gain) from disposals, net | $2.8M | $482.0K | -$14.0K |
| Non-cash lease expense | $2.9M | $1.6M | $1.4M |
| Deferred income taxes | -$15.8M | -$22.5M | -$19.8M |
| Foreign exchange gain (loss), net | -$1.3M | -$1.4M | $3.2M |
| Accounts receivable, net | -$73.7M | -$58.3M | $18.7M |
| Contract assets, net | -$156.5M | -$92.4M | -$130.1M |
| Inventories, net | $19.3M | -$138.0M | -$91.2M |
| Prepaid expenses and other current assets | -$15.8M | $5.2M | $26.3M |
| Accounts payable, accrued expenses, and other current liabilities | $41.4M | $104.4M | -$25.7M |
| Contract liabilities | $11.3M | $43.2M | $137.4M |
| Due to/from related parties | -$907.0K | $1.5M | -$276.0K |
| Income taxes payable and receivable | $12.4M | -$9.7M | -$34.3M |
| Net cash provided by operating activities | $316.7M | $76.3M | $67.9M |
| Acquisitions, net of cash and other | $1.3M | -$114.1M | -$31.1M |
| Purchase of property, plant and equipment | -$82.4M | -$102.9M | -$55.1M |
| Payments for purchase of intangible assets | -$30.4M | -$20.2M | -$30.2M |
| Proceeds from disposal of property, plant and equipment | $5.1M | $1.8M | $3.5M |
| Net cash used in investing activities | -$106.4M | -$235.4M | -$112.9M |
| Proceeds from IPO, net | $1.2B | ||
| Proceeds from long-term debt | $715.0M | $3.2B | $1.5B |
| Repayment of long-term debt | -$738.4M | -$4.2B | -$1.5B |
| Payment of deferred financing charges | -$9.3M | -$2.9M | |
| Repayments of long-term agreements | -$2.1M | -$1.3M | -$3.0M |
| Net cash (used in) provided by financing activities | -$25.5M | $203.8M | -$14.7M |
| Effect of exchange rate changes on cash | $2.3M | -$41.0K | -$2.4M |
| Net increase (decrease) in cash | $187.1M | $44.6M | -$62.1M |
| Interest | $166.8M | $291.1M | $297.3M |
| Income taxes, net of tax refunds | $102.5M | $101.7M | $99.5M |
| Portion of capital expenditures in accrued expenses and other current liabilities | $1.1M | $1.8M | $541.0K |
| Acquisition of intangible assets, liability incurred but not paid | $30.3M |
No quarter-by-quarter statement was filed.
Leadership
Who has led StandardAero, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2025
- Chief executive officerRussell Wayne Ford Oct 2, 2024 to now7
- PresidentGiovanni Spitale Sep 29, 2026 to now8
- Chief financial officerDaniel Satterfield Oct 2, 2024 to now9
- Chief operating officerKimberly Ernzen Oct 2, 2024 to now10
Board members and other officers (19)
- OfficerGiovanni Spitale Apr 8, 2026 to now11
- Chief Strategy OfficerAlex Trapp Feb 28, 2025 to now12
- Chief Human Resources OfficerMalisa Chambliss Feb 28, 2025 to now13
- OfficerGregory Clemens Krekeler Oct 2, 2025 to now14
- OfficerAnthony Brancato Oct 2, 2024 to now15
- OfficerKimberly Ashmun Oct 2, 2024 to now16
- OfficerLewis Prebble Oct 2, 2024 to now17
- OfficerMarc Drobny Oct 2, 2024 to now18
- Board memberDerek J. Kerr Feb 20, 2025 to now19
- Board memberAndrea Fischer Newman Oct 2, 2024 to now20
- Board memberDouglas Brandely V. Oct 2, 2024 to Oct 2, 202421
- Board memberIan Fujiyama Oct 2, 2024 to Oct 2, 202422
- Board memberPaul McElhinney Oct 2, 2024 to now23
- Board memberPeter J. Clare Oct 2, 2024 to now24
- Board memberRussell Wayne Ford Oct 2, 2024 to now7
- Board memberStefan Weingartner Oct 2, 2024 to now25
- Board memberWendy Motlong Masiello Oct 2, 2024 to now26
- General counselMichael L. Kaplan Oct 17, 2025 to now27
- General counselSteve Sinquefield Oct 2, 2024 to Oct 2, 202428
Former names
- Dynasty Parent Co., Inc.Jun 7, 2024 to Aug 20, 20242
Timeline
Filings
203 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 24 major events, 99 insider forms, 8 large holders, 64 other. The latest 20:
- Sep 29, 20264 EDGAR
- Sep 28, 20268-K EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 12, 20264 EDGAR
- Aug 10, 20264 EDGAR
- Aug 7, 20268-K/A EDGAR
- Aug 7, 202610-Q EDGAR
- Aug 7, 20264 EDGAR
- Aug 6, 20268-K EDGAR
- Aug 5, 20264 EDGAR
- Aug 3, 2026144 EDGAR
- Jul 8, 20264 EDGAR
- Jul 6, 20264 EDGAR
- Jul 1, 2026144 EDGAR
- Jun 26, 20264 EDGAR
- Jun 26, 20264 EDGAR
- Jun 26, 20264 EDGAR
- Jun 26, 20264 EDGAR
- Jun 26, 20264 EDGAR
- Jun 26, 20264 EDGAR
The 203 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 8 such filings since October 2021:
- Aug 14, 2026SCHEDULE 13G/A
- May 15, 2026SCHEDULE 13G/A
- May 7, 2026SCHEDULE 13G/A
- Apr 27, 2026SCHEDULE 13G
- Feb 6, 2026SCHEDULE 13G
- Aug 8, 2025SCHEDULE 13G/A
- May 13, 2025SCHEDULE 13G/A
- Jan 29, 2025SCHEDULE 13G
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Carlyle Group Inc. | 84,587,035 | $2.5B | 25.3% | No change |
| BlackRock, Inc. | 21,602,404 | $646.1M | 0.0% | −184,727 |
| Allspring Global Investments Holdings, LLC | 15,225,314 | $456.8M | 0.7% | +143,798 |
| State Street Corp | 13,031,046 | $389.8M | 0.0% | +356,078 |
| Jupiter Topco LLC | 12,265,391 | $366.9M | 0.1% | New |
| Vanguard Capital Management LLC | 10,530,153 | $315.0M | 0.0% | +2,746,881 |
| Vanguard Portfolio Management LLC | 9,972,706 | $298.3M | 0.0% | +2,797,506 |
| Victory Capital Management Inc | 9,842,209 | $294.4M | 0.2% | +334,763 |
| Norges Bank | 7,337,516 | $219.5M | 0.0% | New |
| River Road Asset Management, LLC | 6,581,400 | $196.8M | 2.2% | New |
| UBS Group AG | 6,235,322 | $186.5M | 0.0% | +2,762,384 |
| Bank Of America Corp /de/ | 5,980,548 | $178.9M | 0.0% | +2,477,867 |
| Earnest Partners LLC | 5,058,565 | $151.3M | 0.5% | New |
| Findlay Park Partners LLP | 5,032,523 | $150.5M | 2.0% | +948,082 |
| Sei Investments Co | 4,435,435 | $132.7M | 0.1% | +2,996,014 |
| Wellington Management Group Llp | 4,210,240 | $125.9M | 0.0% | −3,960,226 |
| Dimensional Fund Advisors LP | 4,034,692 | $120.6M | 0.0% | +2,697,861 |
| Invesco Ltd. | 3,789,757 | $113.4M | 0.0% | +298,939 |
| Geode Capital Management, LLC | 3,727,637 | $111.5M | 0.0% | +45,181 |
| Fmr LLC | 3,699,843 | $110.7M | 0.0% | −136,510 |
| Fuller & Thaler Asset Management, Inc. | 3,129,912 | $93.6M | 0.3% | New |
| Morgan Stanley | 2,788,982 | $83.4M | 0.0% | +1,161,864 |
| Parnassus Investments, LLC | 2,641,574 | $79.0M | 0.2% | +14,354 |
| Brown Advisory Inc | 2,611,830 | $78.1M | 0.1% | −252,808 |
| M.D. Sass, LLC | 2,346,749 | $70.2M | 4.6% | +197,069 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
9 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| May 11, 2026 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −27.2% | Report |
| Mar 27, 2026 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −40.5% | Report |
| Dec 10, 2025 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −36.8% | Report |
| Nov 17, 2025 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −32.0% | Report |
| Oct 14, 2025 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −44.3% | Report |
| Oct 7, 2025 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −37.4% | Report |
| Oct 2, 2025 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −39.7% | Report |
| Oct 1, 2025 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −40.1% | Report |
| Sep 30, 2025 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −40.0% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8SEC EDGARGiovanni Spitale, President
- 9
- 10
- 11SEC EDGARGiovanni Spitale, Officer
- 12SEC EDGARAlex Trapp, Chief Strategy Officer
- 13
- 14SEC EDGARGregory Clemens Krekeler, Officer
- 15SEC EDGARAnthony Brancato, Officer
- 16SEC EDGARKimberly Ashmun, Officer
- 17SEC EDGARLewis Prebble, Officer
- 18SEC EDGARMarc Drobny, Officer
- 19SEC EDGARDerek J. Kerr, Board member
- 20SEC EDGARAndrea Fischer Newman, Board member
- 21SEC EDGARDouglas Brandely V., Board member
- 22SEC EDGARIan Fujiyama, Board member
- 23SEC EDGARPaul McElhinney, Board member
- 24SEC EDGARPeter J. Clare, Board member
- 25SEC EDGARStefan Weingartner, Board member
- 26SEC EDGARWendy Motlong Masiello, Board member
- 27SEC EDGARMichael L. Kaplan, General counsel
- 28SEC EDGARSteve Sinquefield, General counsel
- 29