Jun 2026 (Q2 FY26) — Aug 6, 2026
StandardAero Q2 FY26 — Record Margins and Strategic Program Profitability Drive Strong Earnings Growth
Read the full callStandardAero (SARO) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
StandardAero earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,600 | +4.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 10.5 | +1.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 97.3 | +43.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
11 of 12 judged targets kept · 26 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| LEAP and CFM56 DFW growth programs reaching adjusted EBITDA profitability | early 2026 / first half of 2026 | Sep 2025 | Our CFM56 Center of Excellence in Dallas-Fort Worth reached profitability in the quarter, also as promised | Achieved |
| Full-year total company adjusted EBITDA | $870 million to $905 million | Dec 2025 | We are also raising our adjusted EBITDA guidance to a range of $885 million to $910 million | Revised Up |
| Full-year (adjusted) free cash flow | $270 million to $300 million | Dec 2025 | we think it is prudent at the midpoint of the year to maintain our 2026 adjusted free cash flow guidance of $270 million to $300 million | On Track |
1 of StandardAero, Inc.'s 38 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 35 more targets are in the full ledger.
Claimed
- Adjusted EBITDA grew 12.3% year-over-year to $230 million.
- Adjusted EBITDA margin expanded 100 basis points to a record 14.4%.
- Free cash flow was an inflow of $50 million in the quarter, a meaningful improvement.
- LEAP and CFM56 DFW programs reached profitability in the quarter as promised.
- Signed a $180 million license expansion expected to add $25 million incremental annual adjusted EBITDA at full run rate.
Qualified
- Military and helicopter revenue declined 3% due to input delays on select military platforms.
- Component Repair Services (CRS) segment adjusted EBITDA was down 0.9% year-over-year to $51 million.
- CRS segment adjusted EBITDA margin declined 270 basis points to 26.3% due to work migration, labor ramp inefficiency, and negative mix from military delays.
- Working capital was a $56 million use of cash in the quarter.
Price
$20.99 +6.22% · +$1.23
Performance −26.7% 1Y
1Y: $28.64 on 14 Oct 2025 → $20.99. High $33.12 (27 Jan 2026), low $19.76 (14 Oct 2026).
- Previous close
- $19.76
- 52-week range
- $19.76 – $33.12
- One year
- −25.91%
Overview
- Symbol
- SARO
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
11 of 12 judged targets kept · 26 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| LEAP and CFM56 DFW growth programs reaching adjusted EBITDA profitability | early 2026 / first half of 2026 | Sep 2025 | Our CFM56 Center of Excellence in Dallas-Fort Worth reached profitability in the quarter, also as promised | Achieved |
| Full-year total company adjusted EBITDA | $870 million to $905 million | Dec 2025 | We are also raising our adjusted EBITDA guidance to a range of $885 million to $910 million | Revised Up |
| Full-year (adjusted) free cash flow | $270 million to $300 million | Dec 2025 | we think it is prudent at the midpoint of the year to maintain our 2026 adjusted free cash flow guidance of $270 million to $300 million | On Track |
Claimed
- Adjusted EBITDA grew 12.3% year-over-year to $230 million.
- Adjusted EBITDA margin expanded 100 basis points to a record 14.4%.
- Free cash flow was an inflow of $50 million in the quarter, a meaningful improvement.
- LEAP and CFM56 DFW programs reached profitability in the quarter as promised.
- Signed a $180 million license expansion expected to add $25 million incremental annual adjusted EBITDA at full run rate.
Qualified
- Military and helicopter revenue declined 3% due to input delays on select military platforms.
- Component Repair Services (CRS) segment adjusted EBITDA was down 0.9% year-over-year to $51 million.
- CRS segment adjusted EBITDA margin declined 270 basis points to 26.3% due to work migration, labor ramp inefficiency, and negative mix from military delays.
- Working capital was a $56 million use of cash in the quarter.
The full ledger
Open StandardAero, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 38 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
StandardAero Q1 FY26 — Double-Digit Growth Across All End Markets and Raised Full-Year Guidance
Read the full callDec 2025 (Q4 FY25) — Feb 25, 2026
StandardAero Q4 FY25 — Record Year with Strong Growth and Margin Expansion
Read the full callEvery analysed call
StandardAero earnings calls (SARO)
Financials
What the filings say
Net profit, year on year: +44% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,245 | 1,410 | 1,436 | 1,529 | 1,498 | 1,600 | 1,627 | 1,600 |
| Operating profit | 98 | 95 | 129 | 136 | 137 | 149 | 143 | 168 |
| Operating margin | 7.9% | 6.7% | 9.0% | 8.9% | 9.2% | 9.3% | 8.8% | 10.5% |
| Interest | 80 | 47 | 44 | 44 | 45 | 42 | 38 | 41 |
| Profit before tax | 17 | 19 | 85 | 92 | 93 | 107 | 105 | 127 |
| Tax rate | 1.3% | 175.4% | 26.1% | 26.2% | 26.6% | 26.6% | 23.8% | 23.5% |
| Net profit | 16 | -14 | 63 | 68 | 68 | 79 | 80 | 97 |
| EPS ($ per share) | 0.06 | — | 0.19 | 0.21 | 0.21 | — | 0.24 | 0.30 |
| Line item | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Equity capital | — | 3 | 3 | 3 |
| Reserves | — | -1,574 | -1,563 | -1,286 |
| Total liabilities | — | 4,613 | 3,840 | 3,890 |
| Fixed assets | — | 522 | 569 | 580 |
| Total assets | — | 5,759 | 6,214 | 6,557 |
| Line item | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Cash from operations | 27 | 68 | 76 | 317 |
| Cash from investing | -61 | -113 | -235 | -106 |
| Cash from financing | -26 | -15 | 204 | -26 |
| Net cash flow | -63 | -62 | 45 | 187 |
| Capital expenditure | -41 | -55 | -103 | -82 |
| Free cash flow | -14 | 13 | -27 | 234 |
SARO revenue by segment
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|
| Engine Services | 88% | 88% | 88% | 88% | 88% | 89% | 88% | +4.0% |
| Component Repair Services | 12% | 12% | 12% | 12% | 12% | 11% | 12% | +9.2% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- US 61% ↑ 1 pt
- CA 11% ↓ 1 pt
- Asia 9% ↑ 5 pt
- Rest Of Europe 9%
- Rest Of World 6%
- GB 4% ↓ 6 pt
As SARO cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
51 filings between Jan 5, 2026 and Aug 10, 2026.
Open market
decisions to buy or sellPurchases
$983.6K
1 purchase by 1 insider
Sales
$2.48B
34 sales by 11 insiders
62% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 16
- Option exercise — converted options into shares
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Carlyle Group Inc. | — | $2.12B | Feb 26, 2026 |
| GIC Private Ltd | — | $332.55M | Jan 29, 2026 |
| Ford Russell Wayne | — | $21.93M | Aug 10, 2026 |
| McElhinney Paul | $983.6K | — | Mar 13, 2026 |
| Drobny Marc | — | $481.7K | Apr 16, 2026 |
| Ernzen Kimberly | — | $68.8K | Apr 16, 2026 |
| Satterfield Daniel | — | $63.1K | Apr 16, 2026 |
| Prebble Lewis | — | $31.2K | Apr 16, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 10, 2026 | Ford Russell Wayne Chief Executive Officer | Sale 10b5-1 plan | 41 | $1.2K |
| Aug 7, 2026 | Ford Russell Wayne Chief Executive Officer | Sale 10b5-1 plan | 20,413 | $623.9K |
| Aug 6, 2026 | Ford Russell Wayne Chief Executive Officer | Sale 10b5-1 plan | 40,000 | $1.26M |
| Aug 5, 2026 | Ford Russell Wayne Chief Executive Officer | Sale 10b5-1 plan | 40,000 | $1.24M |
| Aug 4, 2026 | Ford Russell Wayne Chief Executive Officer | Sale 10b5-1 plan | 40,000 | $1.21M |
| Aug 3, 2026 | Ford Russell Wayne Chief Executive Officer | Sale 10b5-1 plan | 10,969 | $329.5K |
| Jul 7, 2026 | Ford Russell Wayne Chief Executive Officer | Sale 10b5-1 plan | 40,000 | $1.20M |
| Jul 6, 2026 | Ford Russell Wayne Chief Executive Officer | Sale 10b5-1 plan | 40,000 | $1.22M |
| Jul 2, 2026 | Ford Russell Wayne Chief Executive Officer | Sale 10b5-1 plan | 40,000 | $1.21M |
| Jul 1, 2026 | Ford Russell Wayne Chief Executive Officer | Sale 10b5-1 plan | 40,000 | $1.21M |
| Jun 12, 2026 | KERR DEREK J Director | Option exercise | 6,011 | — |
| Jun 12, 2026 | CLARE PETER J Director | Option exercise | 6,011 | — |
| Jun 12, 2026 | Masiello Wendy Motlong Director | Option exercise | 6,011 | — |
| Jun 12, 2026 | Newman Andrea Fischer Director | Option exercise | 6,011 | — |
| Jun 12, 2026 | Weingartner Stefan Director | Option exercise | 6,011 | — |
| Jun 12, 2026 | McElhinney Paul Director | Option exercise | 6,011 | — |
| Apr 16, 2026 | Chambliss Malisa Chief Human Resources Officer | Sale | 764 | $20.9K |
| Apr 16, 2026 | Ford Russell Wayne Chief Executive Officer | Sale | 10,638 | $291.1K |
| Apr 16, 2026 | Satterfield Daniel CFO & Treasurer | Sale | 2,306 | $63.1K |
| Apr 16, 2026 | Drobny Marc See Remarks | Sale | 1,094 | $29.9K |
| Apr 16, 2026 | Ernzen Kimberly Chief Operating Officer | Sale | 2,516 | $68.8K |
| Apr 16, 2026 | Prebble Lewis See Remarks | Sale | 1,141 | $31.2K |
| Apr 16, 2026 | Trapp Alex Chief Strategy Officer | Sale | 475 | $13.0K |
| Apr 16, 2026 | Krekeler Gregory Clemens See Remarks | Sale | 390 | $10.7K |
| Apr 16, 2026 | Brancato Anthony See Remarks | Sale | 1,107 | $30.3K |
| Apr 15, 2026 | Brancato Anthony See Remarks | Option exercise | 4,098 | — |
| Apr 15, 2026 | Trapp Alex Chief Strategy Officer | Option exercise | 1,756 | — |
| Apr 15, 2026 | Satterfield Daniel CFO & Treasurer | Option exercise | 8,538 | — |
| Apr 15, 2026 | Ford Russell Wayne Chief Executive Officer | Option exercise | 24,980 | — |
| Apr 15, 2026 | Drobny Marc See Remarks | Option exercise | 4,049 | — |
| Apr 15, 2026 | Krekeler Gregory Clemens See Remarks | Option exercise | 1,131 | — |
| Apr 15, 2026 | Ernzen Kimberly Chief Operating Officer | Option exercise | 9,148 | — |
| Apr 15, 2026 | Chambliss Malisa Chief Human Resources Officer | Option exercise | 2,826 | — |
| Apr 15, 2026 | Prebble Lewis See Remarks | Option exercise | 4,147 | — |
| Mar 13, 2026 | McElhinney Paul Director | Purchase | 37,243 | $983.6K |
| Mar 4, 2026 | Ford Russell Wayne Chief Executive Officer | Sale 10b5-1 plan | 40,000 | $1.20M |
| Mar 2, 2026 | Ford Russell Wayne Chief Executive Officer | Sale 10b5-1 plan | 40,000 | $1.21M |
| Feb 26, 2026 | Carlyle Group Inc. 10% owner | Sale | 19,840,268 | $624.17M |
| Feb 6, 2026 | Ford Russell Wayne Chief Executive Officer | Sale 10b5-1 plan | 40,000 | $1.20M |
| Feb 4, 2026 | Ford Russell Wayne Chief Executive Officer | Sale 10b5-1 plan | 40,000 | $1.20M |
| Feb 3, 2026 | Ford Russell Wayne Chief Executive Officer | Sale 10b5-1 plan | 40,000 | $1.23M |
| Feb 2, 2026 | Ford Russell Wayne Chief Executive Officer | Sale 10b5-1 plan | 40,000 | $1.22M |
| Jan 29, 2026 | GIC Private Ltd 10% owner | Sale | 1,637,465 | $50.00M |
| Jan 29, 2026 | GIC Private Ltd 10% owner | Sale | 9,253,412 | $282.55M |
| Jan 29, 2026 | Carlyle Group Inc. 10% owner | Sale | 48,246,588 | $1.50B |
| Jan 21, 2026 | Newman Andrea Fischer Director | Option exercise | 5,903 | $0 |
| Jan 8, 2026 | Ford Russell Wayne Chief Executive Officer | Sale 10b5-1 plan | 40,000 | $1.23M |
| Jan 7, 2026 | Ford Russell Wayne Chief Executive Officer | Sale 10b5-1 plan | 40,000 | $1.21M |
| Jan 6, 2026 | Ford Russell Wayne Chief Executive Officer | Sale 10b5-1 plan | 40,000 | $1.22M |
| Jan 5, 2026 | Drobny Marc See Remarks | Sale 10b5-1 plan | 15,000 | $451.8K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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