# StandardAero, Inc. (SARO)

> Source: Nexqual · https://nexqual.com/SARO · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, StandardAero, Inc. (SARO), nexqual.com/SARO" · informational, not investment advice.

**Price:** USD 21.72 (+1.26% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 21.45 · day 21.19–21.78 · 52w 19.56–34.48 · market cap $7.19B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $6.32B, net income $324M (5.1% margin), free cash flow $219M (SEC filings).
- Valuation: P/E 22.2x (avg 344.3x at the last 2 fiscal year-ends), EV/EBITDA 11.8x, net debt $2.15B.
- 1 of 80 tracked superinvestors hold SARO (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 2.13 on a 1–5 scale) (15 analysts), mean target USD 34.03 (range 25–42.4).
- Total return with dividends: 1Y -24.9% vs S&P 500 +14.9%; 5Y -33.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.3, revenue estimate $1.57B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $4.15B | $4.56B | $5.24B | $6.06B | $6.32B |
| Gross profit | $546M | $635M | $754M | $897M | — |
| Operating income | $263M | $337M | $403M | $551M | $598M |
| Net income | -$21.0M | -$35.1M | $11.0M | $277M | $324M |
| EPS (diluted) | -$0.08 | -$0.13 | $0.04 | $0.83 | — |
| Free cash flow | -$14.0M | $12.8M | -$26.6M | $234M | $219M |
| Gross margin | 13.1% | 13.9% | 14.4% | 14.8% | — |
| Operating margin | 6.3% | 7.4% | 7.7% | 9.1% | 9.5% |
| Net margin | -0.5% | -0.8% | 0.2% | 4.6% | 5.1% |
| Revenue growth | — | +9.9% | +14.8% | +15.8% | — |
| Cash + short-term investments | $120M | $58.0M | $103M | $290M | — |
| Total debt | — | $3.20B | $2.23B | $2.21B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 22.2x · P/S 1.1x · EV/EBITDA 11.8x · EV/Sales 1.5x · P/FCF 32.9x · P/B 2.6x · FCF yield 3.04% · Earnings yield 4.51% · Net debt $2.15B · EV $9.33B
P/E at fiscal year-ends: Dec 2025 34.6x, Dec 2024 653.9x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold SARO. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Vulcan Value Partners |  | 0.41% | $13.5M | Reduced -37.2% |

## Analysts
Consensus Buy (mean 2.13 on a 1–5 scale), 15 analysts; mean target USD 34.03 (low 25, high 42.4).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-01 | Susquehanna | Target lowered | Positive | $37 → $34 |
| 2026-09-17 | B of A Securities | Target lowered | Neutral | $35 → $27 |
| 2026-09-15 | Guggenheim | Initiated | Neutral |  |
| 2026-08-10 | JP Morgan | Target raised | Overweight | $38 → $40 |
| 2026-08-07 | UBS | Target raised | Buy | $35 → $36 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2024-09-30) |
|---|---|---|
| Total return | -24.9% | -33.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -25.0% | -17.8% |
| Volatility (annualized) | 35.8% | 34.8% |
| Max drawdown | -40.3% (Jan 2026→Oct 2026) | -38.8% (Jan 2026→Oct 2026) |

## Peers (Aerospace & Defense)
KTOS (Kratos Defense & Security Solut) USD 38.27 -1.21% · CAE (CAE Inc) USD 25.02 +2.08% · DRS (Leonardo DRS, Inc.) USD 34.3 +1.06% · MOG-A (Moog Inc.) USD 341.71 -6.96% · HII (Huntington Ingalls Industries, ) USD 278.86 +1.79% · BWXT (BWX Technologies, Inc.) USD 127.3 -5.78%

## More
Full page: https://nexqual.com/SARO · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Engine Services | $1.42B | 89.1% | +3.7% |
| Component Repair Services | $175.0M | 10.9% | +12.7% |
| Total revenue | $1.60B | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Engine Services | $1.41B | 87.8% | +4.0% |
| Commercial Aerospace | $953.6M | 59.6% | +5.7% |
| Business Aviation | $316.4M | 19.8% | +5.6% |
| Military & Helicopter | $273.0M | 17.1% | -2.6% |
| Component Repair Services | $194.6M | 12.2% | +9.2% |
| Other | $56.7M | 3.5% | +20.5% |
| Rental Engines | $28.1M | 1.8% | +35.1% |
| Total revenue | $1.60B | 100% | — |
The lines above cover 201.8% of total revenue.

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $970.0M | 60.6% | +18.6% |
| Canada | $179.2M | 11.2% | -14.9% |
| Asia | $143.1M | 8.9% | +9.7% |
| Rest Of Europe | $136.6M | 8.5% | +9.9% |
| Rest Of World | $101.5M | 6.3% | -10.1% |
| United Kingdom | $69.4M | 4.3% | -47.8% |
| Total revenue | $1.60B | 100% | — |

## Customer concentration

Period ended 2026-06-30: 10.2% of revenue from unnamed direct customers (10-Q, filed 2026-08-07).

## Company outlook (8-K filed 2026-08-06)

- "Given our strong first-half performance and continued clear visible demand signals, we are raising our full-year 2026 guidance for revenue, Adjusted EBITDA, and Adjusted Diluted EPS, and remain confident"

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.30 | $0.30 | -0.3% | $1.57B | 10 |
| Next quarter (ends 2026-12-31) | $0.34 | $0.35 | -2.4% | $1.65B | 9 |
| Current fiscal year (ends 2026-12-31) | $1.18 | $1.18 | -0.1% | $6.45B | 13 |
| Next fiscal year (ends 2027-12-31) | $1.47 | $1.48 | -0.8% | $7.05B | 11 |