StandardAero, Inc.

ir.standardaero.com

What Do They Do?

Repairs and overhauls aircraft engines and components for commercial, military and business aviation customers.

How Do They Make Money?

Customers pay for engine maintenance, overhauls and component repairs; prices are based on the work performed, a fixed price per service event, or, for a small portion of the business, engine hours or cycles used. Payment timing follows each contract’s terms.

revenue

Segment	Share	Revenue	How money arrives
Engine Services Sold outright	88% FY2022: 90%		Sold outright
Component Repair Services Sold outright	12% FY2022: 10%		Sold outright

Who Are Their Customers?

Aircraft engine manufacturers subcontract maintenance work to StandardAero, while aircraft operators and other aviation customers buy engine and component repair services through direct sales, with limited agents or independent representatives where dedicated sales teams are not justified.

Customers above 10% of revenue, FY2025

of revenue from one customer

FY2023: 25% from one customer

Do Revenues Turn Into Profits?

Yes. It kept 5 cents of every revenue dollar as net income in FY2025 and turned 4 cents into free cash flow.

Operating income, FY2025

9% of revenue

▲ +37% vs FY2024 ($403.2M, 8%)

Net income, FY2025

5% of revenue

▲ +2428% vs FY2024 ($11M, 0%)

Free cash flow, FY2025

4% of revenue

▲ Now profitable vs FY2024 (−$26.6M, −1%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +5%; vs $1.5B in Q2 FY2025
Net income: ▲ +44%; vs $67.7M in Q2 FY2025

Engine Services share of revenue vs 88.3% in Q2 FY2025

Aug 6, 2026 Acquired Unified Turbines, signed an engine-maker license, and raised 2026 guidance The acquisition added component repair capabilities; the company increased its full-year revenue, adjusted EBITDA and adjusted earnings-per-share guidance.
Jun 2, 2026 CEO Russell Ford will retire; Paul McElhinney is named successor McElhinney is scheduled to become CEO on October 1, 2026, and chairman on January 1, 2027; Ford will remain Executive Chairman through December 31, 2026.

Revenue over time

Engine Services Component Repair Services

$10B$5B$0

FY2022 FY2023 FY2024 FY2025

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