SARO - StandardAero, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$35.00
DETAILS
HIGH:
$39.00
LOW:
$30.00
MEDIAN:
$36.00
CONSENSUS:
$35.00
UPSIDE:
39.05%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 1,599.7 | 1,626.9 | 1,600.0 | 1,498.0 | 1,528.9 | 1,435.6 | 1,409.6 | 1,244.6 | 1,347.2 | 1,235.7 | 1,157.8 | 1,099.4 | 1,157.3 | 1,148.7 |
| Cost of Revenue | 1,330.9 | 1,411.8 | 1,379.6 | 1,274.8 | 1,292.8 | 1,217.9 | 1,207.7 | 1,058.4 | 1,162.6 | 1,054.3 | 999.8 | 948.0 | 1,015.5 | 1,011.2 |
| Gross Profit | 268.8 | 215.0 | 220.4 | 223.2 | 236.2 | 217.7 | 201.9 | 186.2 | 184.6 | 181.4 | 158.0 | 151.4 | 141.8 | 137.5 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 75.6 | 71.9 | 46.3 | 60.9 | 76.0 | 64.5 | 69.4 | 62.9 | 43 | 52.6 | 54.5 | 53.0 | 46 | 46.5 |
| Other Expenses | 24.7 | (5.4) | 24.9 | 24.9 | 24.6 | 24.3 | 37.9 | 25.3 | 36.5 | 23.3 | 23.6 | 23.6 | 0 | 0 |
| Operating Expenses | 100.3 | 66.5 | 71.2 | 85.8 | 100.6 | 88.8 | 107.3 | 88.2 | 79.5 | 75.9 | 78.1 | 76.6 | 46 | 46.5 |
| Operating Income | ||||||||||||||
| Operating Income | 168.5 | 148.5 | 149.2 | 137.3 | 135.6 | 128.9 | 94.6 | 98.0 | 105.1 | 105.5 | 79.9 | 74.8 | 95.8 | 91 |
| Interest Expense | 41.3 | 38.2 | 42.0 | 44.6 | 43.8 | 43.8 | 47.0 | 77.7 | 78.1 | 77.5 | 79.1 | 79.2 | 77.6 | 73.7 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||
| EBITDA | 262.0 | 189.6 | 197.6 | 185.4 | 184.1 | 177.6 | 112.7 | 143.7 | 149.9 | 145 | 129.2 | 98 | 143.1 | 141.5 |
| EBIT | 168.5 | 143.1 | 149.2 | 137.3 | 135.6 | 128.9 | 65.7 | 96.5 | 104.4 | 97.6 | 79.9 | 48.7 | 93.6 | 92.5 |
| Income Before Tax | 127.2 | 104.9 | 107.2 | 92.8 | 91.7 | 85.1 | 18.6 | 16.6 | 26.4 | 20.1 | 0.7 | (30.5) | 16 | 18.8 |
| Income Tax Expense | 29.9 | 25.0 | 28.6 | 24.7 | 24.0 | 22.2 | 32.7 | 0.2 | 21 | 16.9 | 5.3 | (12.6) | 17 | 30.5 |
| Net Income | 97.3 | 79.9 | 78.6 | 68.1 | 67.7 | 62.9 | (14.1) | 16.4 | 5.4 | 3.2 | (4.6) | (17.9) | (1) | (11.7) |
| Per Share Data | ||||||||||||||
| EPS (Basic) | 0.30 | 0.24 | 0.24 | 0.21 | 0.21 | 0.19 | -0.04 | 0.05 | 0.02 | 0.01 | -0.01 | -0.05 | -0.00 | -0.04 |
| EPS (Diluted) | 0.29 | 0.24 | 0.24 | 0.20 | 0.20 | 0.19 | -0.04 | 0.05 | 0.02 | 0.01 | -0.01 | -0.05 | -0.00 | -0.04 |
| Shares Outstanding | 326.3 | 327.3 | 328.5 | 328.5 | 328.4 | 328.4 | 327.3 | 334.5 | 334.5 | 334.5 | 334.5 | 334.5 | 334.5 | 334.5 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 |
|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||
| Cash & Cash Equivalents | 179.1 | 89.2 | 289.7 | 97.5 | 91.5 | 140.8 | 102.6 | 51.3 | 60.3 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 2,043.3 | 2,152.5 | 1,736.3 | 1,856.8 | 1,769.1 | 1,725.9 | 1,505.8 | 1,484.6 | 1,369.1 |
| Inventory | 772.1 | 762.6 | 827.7 | 956.7 | 851.6 | 875.8 | 847.0 | 778.4 | 708.2 |
| Other Current Assets | 34.8 | 60.4 | 42.8 | 50.3 | 56.8 | 52.0 | 29.7 | 44.2 | 43.1 |
| Total Current Assets | 3,029.3 | 3,064.7 | 2,896.5 | 2,961.3 | 2,769.0 | 2,794.6 | 2,485.1 | 2,358.5 | 2,180.7 |
| Non-Current Assets | |||||||||
| Property, Plant & Equipment | 813.9 | 813.2 | 802.1 | 800.8 | 793.2 | 747.2 | 740.8 | 731.7 | 701.3 |
| Goodwill | 1,710.8 | 1,684.3 | 1,684.3 | 1,684.3 | 1,684.3 | 1,685.2 | 1,686.0 | 1,685.9 | 1,632.5 |
| Intangible Assets | 403.1 | 234.0 | 244.9 | 1,198.2 | 1,231.2 | 1,263.9 | 1,296.2 | 1,278.3 | 1,235.4 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.9 |
| Other Non-Current Assets | 890.2 | 905.8 | 926.9 | 3.7 | 3.9 | 4.1 | 4.4 | 0 | 0 |
| Total Non-Current Assets | 3,820.9 | 3,640.1 | 3,661.0 | 3,688.0 | 3,713.7 | 3,701.5 | 3,728.5 | 3,700.6 | 3,574.8 |
| Total Assets | 6,850.1 | 6,704.8 | 6,557.4 | 6,649.3 | 6,482.7 | 6,496.1 | 6,213.6 | 6,059.1 | 5,755.5 |
| Current Liabilities | |||||||||
| Account Payables | 711.6 | 808.9 | 679.8 | 711.7 | 643.7 | 738.9 | 645.7 | 552.6 | 507.2 |
| Short-Term Debt | 23.3 | 23.3 | 23.4 | 23.5 | 23.5 | 23.5 | 23.4 | 30.6 | 27.7 |
| Deferred Revenue | 312.3 | 377.2 | 411.3 | 428.7 | 420.2 | 407.3 | 400.0 | 322.3 | 276.7 |
| Other Current Liabilities | 81.5 | 93.0 | 92.6 | 80.5 | 72.9 | 93.0 | 99.6 | 76.1 | 62.9 |
| Total Current Liabilities | 1,419.1 | 1,443.7 | 1,316.3 | 1,358.6 | 1,285.2 | 1,396.0 | 1,273.5 | 1,118.9 | 999.9 |
| Non-Current Liabilities | |||||||||
| Long-Term Debt | 2,284.9 | 2,186.5 | 2,191.2 | 2,305.4 | 2,295.1 | 2,313.5 | 2,208.0 | 3,372.5 | 3,228.7 |
| Deferred Tax Liabilities | 152.4 | 154.8 | 157.2 | 170.3 | 159.8 | 163.9 | 169.8 | 185.8 | 176.4 |
| Other Non-Current Liabilities | 11.2 | 12.6 | 13.0 | 18.6 | 20.9 | 22.8 | 24.6 | 28.8 | 17.9 |
| Total Non-Current Liabilities | 2,677.6 | 2,571.4 | 2,573.8 | 2,705.7 | 2,684.2 | 2,662.1 | 2,566.7 | 3,776.4 | 3,596.7 |
| Total Liabilities | 4,096.6 | 4,015.0 | 3,890.1 | 4,064.3 | 3,969.4 | 4,058.1 | 3,840.2 | 4,895.3 | 4,596.7 |
| Stockholders' Equity | |||||||||
| Common Stock | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 2.8 | 2.8 |
| Retained Earnings | (1,108.7) | (1,206.0) | (1,285.9) | (1,364.5) | (1,432.7) | (1,500.4) | (1,563.3) | (1,549.3) | (1,565.7) |
| Accumulated Other Comprehensive Income | (7.9) | (8.5) | (8.2) | (8.7) | (8.1) | (11.8) | (11.4) | (14.8) | (3.4) |
| Total Stockholders' Equity | 2,753.5 | 2,689.7 | 2,667.3 | 2,584.9 | 2,513.3 | 2,438.0 | 2,373.4 | 1,163.9 | 1,158.8 |
| Total Liabilities & Equity | 6,850.1 | 6,704.8 | 6,557.4 | 6,649.3 | 6,482.7 | 6,496.1 | 6,213.6 | 6,059.1 | 5,755.5 |
| Debt Metrics | |||||||||
| Total Debt | 2,563.0 | 2,453.2 | 2,449.3 | 2,560.8 | 2,546.8 | 2,515.8 | 2,413.3 | 3,611.1 | 3,449.7 |
| Net Debt | 2,384.0 | 2,364.1 | 2,159.6 | 2,463.3 | 2,455.3 | 2,375.0 | 2,310.7 | 3,559.9 | 3,389.5 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Net Income | 97.3 | 79.9 | 78.6 | 68.1 | 67.7 | 62.9 | (14.1) | 16.4 | 5.4 | 3.2 | (4.6) | (17.9) | (1) | (6.3) |
| Depreciation & Amortization | 47.0 | 46.5 | 47.2 | 48.1 | 48.5 | 48.7 | 47.1 | 47.1 | 45.5 | 47.4 | 49.3 | 49.3 | 53.3 | 53.3 |
| Stock-Based Compensation | 6.3 | 3.5 | 3.2 | 4.1 | 3.8 | 2.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (78.1) | (249.0) | 205.4 | (116.7) | (117.3) | (134.0) | 58.2 | (79.2) | 13.7 | (136.8) | 120.4 | 67.9 | (82.9) | (82.9) |
| Other Non-Cash Items | 2.3 | 1.8 | 3.5 | 0.3 | 5.9 | 2.1 | 30.4 | 4.1 | 4.2 | 6.1 | 4.6 | 11.2 | (69.0) | (63.8) |
| Operating Cash Flow | 72.3 | (119.6) | 323.0 | 14.8 | 2.9 | (24.0) | 108.3 | (13.9) | 65.4 | (83.6) | 163.8 | 103.5 | (99.7) | (99.7) |
| Investing Activities | ||||||||||||||
| Capital Expenditure | (21.1) | (15.6) | (16.1) | (19.5) | (21.9) | (40.3) | (52.5) | (25.3) | (26.8) | (18.5) | (19.8) | (13.9) | (10.7) | (10.7) |
| Acquisitions | (34.7) | 1.4 | 0 | 0.0 | 3.4 | 0 | 0.0 | (114.1) | 0 | 0 | 0.3 | (0.3) | (15.5) | (15.5) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.4 | 0 | 0.4 | 0.7 | 1.3 | (14.7) | 1.2 | 0.0 | (0.2) | 0.5 | 0.4 | 0.8 | (13.9) | (13.9) |
| Investing Cash Flow | (55.4) | (14.2) | (15.3) | (18.7) | (32.3) | (40.1) | (51.3) | (139.4) | (26.8) | (18.0) | (19.1) | (13.4) | (40.2) | (40.2) |
| Financing Activities | ||||||||||||||
| Net Debt Issuance | 174.5 | (66.2) | (115.9) | 9.2 | (20.8) | 104.0 | (1,198.5) | 142.4 | (12.1) | 79.7 | (156.6) | (59.9) | 0 | 0 |
| Stock Repurchased | (40.0) | (60.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (61.0) | 60.1 | (0.6) | (0.0) | 0.1 | (1.6) | 1,193.1 | 0.8 | 0.5 | (2.2) | (1.3) | (0.8) | 102.0 | 102.0 |
| Financing Cash Flow | 73.5 | (66.2) | (116.4) | 9.2 | (20.7) | 102.4 | (5.4) | 143.2 | (11.6) | 77.5 | (157.9) | (60.8) | 102.0 | 102.0 |
| Cash Position | ||||||||||||||
| Net Change in Cash | 89.9 | (200.5) | 192.2 | 6.0 | (49.3) | 38.2 | 51.3 | (9.0) | 26.1 | (23.8) | (13.2) | 26.8 | (37.8) | (37.8) |
| Cash at Beginning | 89.2 | 289.7 | 97.5 | 91.5 | 140.8 | 102.6 | 51.3 | 60.3 | 34.2 | 58.0 | 71.2 | 44.4 | 0 | 0 |
| Cash at End | 179.1 | 89.2 | 289.7 | 97.5 | 91.5 | 140.8 | 102.6 | 51.3 | 60.3 | 34.2 | 58.0 | 71.2 | (37.8) | (37.8) |
| Free Cash Flow | 51.3 | (135.1) | 306.9 | (4.7) | (19.0) | (64.3) | 55.8 | (39.2) | 38.6 | (102.1) | 144.0 | 89.6 | (110.4) | (110.4) |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 1,599.7 | 1,626.9 | 1,600.0 | 1,498.0 | 1,528.9 | 1,435.6 | 1,409.6 | 1,244.6 | 1,347.2 | 1,235.7 | 1,157.8 | 1,099.4 | 1,157.3 | 1,148.7 |
| Gross Profit | 268.8 | 215.0 | 220.4 | 223.2 | 236.2 | 217.7 | 201.9 | 186.2 | 184.6 | 181.4 | 158.0 | 151.4 | 141.8 | 137.5 |
| Operating Income | 168.5 | 148.5 | 149.2 | 137.3 | 135.6 | 128.9 | 94.6 | 98.0 | 105.1 | 105.5 | 79.9 | 74.8 | 95.8 | 91 |
| Net Income | 97.3 | 79.9 | 78.6 | 68.1 | 67.7 | 62.9 | (14.1) | 16.4 | 5.4 | 3.2 | (4.6) | (17.9) | (1) | (11.7) |
| EPS (Diluted) | 0.29 | 0.24 | 0.24 | 0.20 | 0.20 | 0.19 | -0.04 | 0.05 | 0.02 | 0.01 | -0.01 | -0.05 | -0.00 | -0.04 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 179.1 | 89.2 | 289.7 | 97.5 | 91.5 | 140.8 | 102.6 | 51.3 | 60.3 | |||||
| Total Assets | 6,850.1 | 6,704.8 | 6,557.4 | 6,649.3 | 6,482.7 | 6,496.1 | 6,213.6 | 6,059.1 | 5,755.5 | |||||
| Total Debt | 2,563.0 | 2,453.2 | 2,449.3 | 2,560.8 | 2,546.8 | 2,515.8 | 2,413.3 | 3,611.1 | 3,449.7 | |||||
| Stockholders' Equity | 2,753.5 | 2,689.7 | 2,667.3 | 2,584.9 | 2,513.3 | 2,438.0 | 2,373.4 | 1,163.9 | 1,158.8 | |||||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 72.3 | (119.6) | 323.0 | 14.8 | 2.9 | (24.0) | 108.3 | (13.9) | 65.4 | (83.6) | 163.8 | 103.5 | (99.7) | (99.7) |
| Capital Expenditure | (21.1) | (15.6) | (16.1) | (19.5) | (21.9) | (40.3) | (52.5) | (25.3) | (26.8) | (18.5) | (19.8) | (13.9) | (10.7) | (10.7) |
| Free Cash Flow | 51.3 | (135.1) | 306.9 | (4.7) | (19.0) | (64.3) | 55.8 | (39.2) | 38.6 | (102.1) | 144.0 | 89.6 | (110.4) | (110.4) |