Feed / SARO

StandardAero, Inc.

SARO

Industrials · 21.04 -0.7% today

Isolated · not yet confirmedMarket checked 2 Oct, 15:55 GMT-4

Market read

No connected market move is active around StandardAero, Inc..

The latest filing is mixed. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

What changed
  • Revenue increased 13.3% versus the comparable filing period.
  • Operating cash flow covered only -1.50x net income.
Company-0.7% todayVolume comparison unavailable
Market groupNo active group readNo durable group available
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • Weighted-average interest rate on borrowings was 6.2% for the three months ended March 31, 2026 versus 7.1% for the comparable prior-year period.

Invalidation: The isolated read changes if SARO's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Aerospace & Defense

The latest filing is mixed. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 13.3% versus the comparable filing period.
  • Net income increased 27.0% versus the comparable filing period.
Evidence that challenges
  • Operating cash flow covered only -1.50x net income.
What would clarify the read
  • Weighted-average interest rate on borrowings was 6.2% for the three months ended March 31, 2026 versus 7.1% for the comparable prior-year period.

Company research

Understand the business, not just the ticker

As of Oct 3, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods4
Price observations343
Usable filing statements142
Verified relationships4
Evidence supporting the case
  • Latest annual revenue changed +15.8% year over year.
  • Operating margin changed +1.4 percentage points in the latest annual period.
  • Net margin changed +4.4 percentage points in the latest annual period.
  • Supply chain and availability has repeated favorable evidence across 5 filings.
Evidence challenging the case
  • Diluted shares increased 15.4% in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 5 filings.
Questions before a position
  • P/E is 41% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 62% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Oct 2, 2026

21.04
6m-19.9%12m-23.4%24m—
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-12-31$4.2B—$-0.08—
2023-12-31$4.6B+9.9%$-0.13+0.0%
2024-12-31$5.2B+14.8%$0.04+5.3%
2025-12-31$6.1B+15.8%$0.83+15.4%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 5 filings
“This decrease in interest expense was largely driven by a weighted average interest rate of borrowings for the six months ended June 30, 2026 of 6.1% compared to 6.9% for the six months ended June 30, 2025.”
10-Q · Aug 7, 2026 ↗
Demand and volumemixed · 5 filings
“The increase was driven by continued robust demand on key commercial aerospace products, partially offset by softness during the three months ended March 31, 2026 in the military end market from the delayed effect of the U.S.”
10-Q · Aug 7, 2026 ↗
Restructuring and cost reductionsmixed · 5 filings
“26 The Company defines Segment Adjusted EBITDA as net income (loss) before interest expense, income tax expense (benefit), depreciation and amortization directly attributable to each operating segment and adjusted for certain non-cash items that the Company m…”
10-Q · Aug 7, 2026 ↗
Supply chain and availabilitymixed · 5 filings
“The increase was driven by continued strong demand in our commercial aerospace and business aviation businesses, partially offset by the previously announced elimination of low-to-no margin material pass-through revenue on restructured contracts and lower mil…”
10-Q · Aug 7, 2026 ↗

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.2× · EV/sales 1.5×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

21.04-0.7% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 2 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for SARO. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment · baseline

The latest filing presents a mixed picture

10-Q filed 2026-05-08 against the comparable filing from 2025-05-13.

mixed
OperationsconstructiveEvidence score +2
liquiditycautiousEvidence score -1
valuationdiscount

What improved

  • Revenue increased 13.3% versus the comparable filing period.
  • Net income increased 27.0% versus the comparable filing period.

What weakened

  • Operating cash flow covered only -1.50x net income.

Filing receipts

“33 Engine Services Segment Adjusted EBITDA increased $4.6 million, or 2.7%, to $178.6 million for the three months ended March 31, 2026, from $174.0 million for the three months ended March 31, 2025.The increase was driven by volume and productivity gains, partially offset by the timing of engine shipments in the quarter.”

“This increase was primarily driven by higher material costs as a percentage of revenue, due to increased sales volume of lower margin platforms.”

“The increase was driven by strong demand for our services and products across all three major end markets.”

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind SARO

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

CGThe Carlyle Group Inc.partnerFeb 26, 2026 ▾

“CFGI, a portfolio company of a fund affiliated with Carlyle, provides the Company with accounting advisory and consulting services.”

HEIHEICO CorporationcompetitorFeb 26, 2026 ▾

“Within this market, we face competitors including scaled providers of component repairs such as HEICO, as well as a number of smaller, specialized repair providers that may focus on a limited number of components or platforms.”

Depended on by

WLFCWillis Lease Finance CorporationcompetitorMar 10, 2026 ▾

“Our primary competitors include AerCap Holdings N.V., Shannon Engine Support Ltd., Pratt & Whitney, Rolls-Royce Partners Finance, Engine Lease Finance Corporation, FTAI Aviation LTD., MTU Aero Engines Holding AG, SMBC Aero Engine Lease B.V., and StandardAero,…”

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

SARO is currently a Early Follower in the organic co-movement group Unknown Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for SARO; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.