StandardAero (SARO)

Market Price (9/20/2026): $22.3 | Market Cap: $7.3 BilSector: Industrials | Industry: Aerospace & Defense

StandardAero (SARO)

Market Price (9/20/2026): $22.3
Market Cap: $7.3 Bil
Sector: Industrials
Industry: Aerospace & Defense

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Low stock price volatility
Vol 12M is 36%

Megatrend and thematic drivers
Megatrends include Aerospace Sustainment. Themes include Aircraft Maintenance, Repair, and Overhaul, Show more.

Weak multi-year price returns
2Y Excs Rtn is -68%, 3Y Excs Rtn is -103%

Key risks
SARO key risks include [1] parts shortages for critical engine platforms like the LEAP and PW1000G and [2] the potential loss of crucial Original Equipment Manufacturer (OEM) service authorizations.

0	Low stock price volatility Vol 12M is 36%
1	Megatrend and thematic drivers Megatrends include Aerospace Sustainment. Themes include Aircraft Maintenance, Repair, and Overhaul, Show more.
2	Weak multi-year price returns 2Y Excs Rtn is -68%, 3Y Excs Rtn is -103%
3	Key risks SARO key risks include [1] parts shortages for critical engine platforms like the LEAP and PW1000G and [2] the potential loss of crucial Original Equipment Manufacturer (OEM) service authorizations.

SARO in ETFs

Weight = SARO's share of each fund

VTI0.01%

ITOT0.01%

IWB0.01%

IJH0.14%

VB0.09%

ITA0.35%

VBK0.22%

IJK0.17%

+19 more covered ETFs

Valuation & Metrics

FYE: 12/31	Forward FYE		Now	Historical (CYE & TTM)
	2027	2026	9/20/26	2025	2024	2023	2022
Share Price			$22.30	$28.68	$24.76	�	�
Mkt Cap ($ Bil)			7.3	9.4	8.3	-	-
+ Debt ($ Bil)			2.6	2.4	2.4	3.4	0.0
- Cash ($ Bil)			0.2	0.3	0.1	0.1	0.0
TEV ($ Bil)			9.7	11.8	10.7
Valuation Ratios
P/S	1.0	1.1	1.2	1.6	1.6	-	-
P/EBIT	7.3	8.0	12.2	17.1	22.7	-	-
P/E	12.5	14.4	22.5	34.0	754.6	-	-
P/FCF	—	—	33.4	46.2	-176.7	-	-
Sector Ratios (* = sector average)
P/S *			1.7	1.7	1.6	1.4	1.2
P/EBIT *			11.4	12.0	12.1	11.6	9.7
P/E *			16.9	16.9	17.4	16.0	13.1
P/FCF *			13.1	12.5	14.5	12.0	10.1

FYE: 12/31	Forward FYE		Now
	2027	2026	9/20/26
Share Price			$22.30
Mkt Cap ($ Bil)			7.3
+ Debt ($ Bil)			2.6
- Cash ($ Bil)			0.2
TEV ($ Bil)			9.7
Valuation Ratios
P/S	1.0	1.1	1.2
P/EBIT	7.3	8.0	12.2
P/E	12.5	14.4	22.5
P/FCF	—	—	33.4
Sector Ratios (* = sector average)
P/S *			1.7
P/EBIT *			11.4
P/E *			16.9
P/FCF *			13.1

FYE: 12/31	SARO [1]	S&P 500 [2]
REVENUE GROWTH
LTM Revenue [3]	$6.3 Bil	—
FY 2026 Sales	$6.5 Bil	—
FY 2027 Sales	$7.1 Bil	—
FY 2026 Sales Growth	2.1%	—
FY 2027 Sales Growth	9.9%	12.8%
EARNINGS
LTM Net Income (GAAP) [3]	$324.0 Mil	—
FY 2026 Net Income (Non-GAAP)	$506.9 Mil	—
FY 2027 Net Income (Non-GAAP)	$580.3 Mil	—
FY 2027 Net Income Growth	14.5%	18.1%
FY 2026 EPS (Non-GAAP)	$1.55	—
FY 2027 EPS (Non-GAAP)	$1.79	—
FY 2027 EPS Growth	15.6%	—
VALUATION
FY 2026 P/S	1.1	1.6
FY 2027 P/S	1.0	—
FY 2026 P/E	14.4	7.4
FY 2027 P/E	12.5	—

[1] SARO forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
[2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 9/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
[3] LTM = reported trailing-twelve-month actuals (GAAP).

	SARO	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	6.3
Rev Chg Q	4.6%	9.1%
Rev Chg LTM	12.6%	8.3%
Rev Chg 3Y Avg	14.3%	5.8%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.6
CFO LTM ($ Bil)	0.3
Net Inc LTM ($ Bil)	0.3
Op Mgn LTM	9.5%	18.6%
CFO/Rev LTM	4.6%	21.8%
Net Inc Mgn	5.1%	13.1%
VALUATION	MODERATE
P/S	1.2	3.1
P/CFO	25.0	14.7
P/FCF	33.4	19.1
P/E	22.5	22.4
STABILITY	FAIR
Debt/Equity	0.35	0.21
Cash/Assets	0.03	0.07

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Metric	Value	Date	Source
LEAP program bookings	above $1.5 billion	8132025	Link
Number of J85-5 engines delivered to the U.S. Air Force	1000	11062025	Link
Number of turbine aero engine families serviced	41	6162019	Link
Number of in-house developed repair schemes for CFM LEAP-1A and -1B engines	over 225	9102024	Link

Price Chart

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Why The Stock Moved

Qualitative Assessment

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Updated on 9/17/2026

StandardAero (SARO) stock has lost about 20% since 5/31/2026 because of the following key factors:

1. Negative Investor Sentiment Post-Earnings Despite Strong Performance.

StandardAero reported strong results for fiscal Q2 2026 (ended June 30, 2026) on August 6, 2026, with adjusted EPS of $0.40, surpassing consensus estimates of $0.32, and revenue increasing 4.6% year-over-year to $1.60 billion, exceeding analyst expectations of $1.59 billion. The company also raised its full-year 2026 guidance. However, the stock still declined 3.26% in regular trading and an additional 4% after hours on the announcement day, indicating investor caution despite the positive profit picture and top-line growth.

2. Significant Insider Selling Activity.

Over the past three months, insiders collectively sold approximately $5.85 million worth of StandardAero stock, suggesting a potential lack of confidence from within the company. Specifically, CEO Russell Ford executed several sales in July and August 2026, including selling 40,000 shares for over $1.2 million on July 6 and a total of 80,000 shares across August 5 and 6 at weighted average prices between $30.89 and $31.41 per share, with an additional 20,413 shares sold on August 7 for approximately $624,000.

3. Analyst Downgrades and Cautious Coverage.

Some analysts issued downgrades or initiated coverage with a cautious outlook during the specified period. On June 2, 2026, Jefferies Financial Group downgraded StandardAero from a "buy" to a "hold" rating and lowered its price target from $34.00 to $30.00. Additionally, Guggenheim initiated coverage with a "Neutral" rating on September 15, 2026, citing concerns that "declining global aviation travel metrics" could potentially weigh on demand for the company's services.

4. Valuation Concerns Amidst Broader Sector Headwinds.

Despite the company's strategic positioning within the aerospace aftermarket, valuation concerns and broader industry challenges have been highlighted. Guggenheim's September 15, 2026 report noted that StandardAero's trailing twelve months (TTM) P/E ratio of 24.33x is significantly lower than its five-year median P/E of 66.47x, indicating the stock is trading near historical valuation lows. This, coupled with "ongoing concerns about declining global aviation travel metrics," reflects a subdued market sentiment and investor caution regarding potential operational headwinds.

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Stock Movement Drivers

Fundamental Drivers

The -22.1% change in SARO stock from 5/31/2026 to 9/19/2026 was primarily driven by a -29.5% change in the company's P/E Multiple.

(LTM values as of)	5312026	9192026	Change
Stock Price ($)	28.64	22.30	-22.1%
Change Contribution By:
Total Revenues ($ Mil)	6,254	6,325	1.1%
Net Income Margin (%)	4.7%	5.1%	8.8%
P/E Multiple	31.8	22.5	-29.5%
Shares Outstanding (Mil)	327	326	0.3%
Cumulative Contribution			-22.1%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/19/2026

	Return	Correlation
SARO	-22.1%
Market (SPY)	0.9%	37.7%
Sector (XLI)	-2.0%	58.2%

Fundamental Drivers

The -27.6% change in SARO stock from 2/28/2026 to 9/19/2026 was primarily driven by a -38.4% change in the company's P/E Multiple.

(LTM values as of)	2282026	9192026	Change
Stock Price ($)	30.80	22.30	-27.6%
Change Contribution By:
Total Revenues ($ Mil)	6,063	6,325	4.3%
Net Income Margin (%)	4.6%	5.1%	11.9%
P/E Multiple	36.5	22.5	-38.4%
Shares Outstanding (Mil)	328	326	0.7%
Cumulative Contribution			-27.6%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/19/2026

	Return	Correlation
SARO	-27.6%
Market (SPY)	11.6%	46.4%
Sector (XLI)	-3.9%	63.7%

Fundamental Drivers

The -15.8% change in SARO stock from 8/31/2025 to 9/19/2026 was primarily driven by a -65.7% change in the company's P/E Multiple.

(LTM values as of)	8312025	9192026	Change
Stock Price ($)	26.49	22.30	-15.8%
Change Contribution By:
Total Revenues ($ Mil)	5,619	6,325	12.6%
Net Income Margin (%)	2.4%	5.1%	116.3%
P/E Multiple	65.4	22.5	-65.7%
Shares Outstanding (Mil)	328	326	0.7%
Cumulative Contribution			-15.8%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/19/2026

	Return	Correlation
SARO	-15.8%
Market (SPY)	19.4%	47.4%
Sector (XLI)	12.8%	62.6%

Fundamental Drivers

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Market Drivers

8/31/2023 to 9/19/2026

	Return	Correlation
SARO
Market (SPY)	75.6%	52.0%
Sector (XLI)	63.4%	61.9%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
SARO Return	-	-	-	-24%	16%	-21%	-31%
Peers Return	-9%	-14%	69%	-8%	88%	-15%	93%
S&P 500 Return	27%	-19%	24%	23%	16%	12%	103%
Monthly Win Rates [3]
SARO Win Rate	-	-	-	0%	67%	33%
Peers Win Rate	42%	50%	58%	25%	52%	49%
S&P 500 Win Rate	75%	42%	67%	75%	67%	44%
Max Drawdowns [4]
SARO Max Drawdown	-	-	-	-	-24%	-32%
Peers Max Drawdown	-51%	-48%	-35%	-33%	-24%	-51%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: FLY, ATRO, FBDT, LYNX, SPCX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)

Event	SARO	S&P 500
2025 US Tariff Shock
% Loss	-18.0%	-18.8%
% Gain to Breakeven	21.9%	23.1%
Time to Breakeven	23 days	79 days

Compare to FLY, ATRO, FBDT, LYNX, SPCX

In The Past

StandardAero's stock fell -18.0% during the 2025 US Tariff Shock. Such a loss loss requires a 21.9% gain to breakeven.

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Asset Allocation

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Compare to FLY, ATRO, FBDT, LYNX, SPCX

In The Past

StandardAero's stock fell -18.0% during the 2025 US Tariff Shock. Such a loss loss requires a 21.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About StandardAero (SARO)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

StandardAero is recognized as the world's largest independent, pure-play provider of aftermarket services for aerospace engines, catering to both fixed and rotary wing aircraft. The company serves as a vital intermediary, connecting engine Original Equipment Manufacturers (OEMs) with aircraft operators. Their business operates within a high-barrier-to-entry industry, necessitating substantial investments, specialized engineering expertise, and extensive government regulatory and OEM certifications. StandardAero holds licenses and authorizations for over 40 critical engine platforms, underpinning their strong market position.

The company delivers a comprehensive range of mission-critical services, including scheduled and unscheduled engine maintenance, repair, and overhaul (MRO), specialized engine component repair, on-wing and field service support, and engineering solutions. StandardAero serves a highly diversified global customer base spanning commercial, military, and business aviation markets, cultivating decades-long relationships with approximately 5,000 customers. Their "OEM-aligned" strategy involves partnerships with major OEMs like GE Aerospace, CFM International, and Pratt & Whitney, granting them preferred access to essential parts, technical information, and intellectual property.

StandardAero's financial stability is underscored by approximately 77% of its revenue being derived from long-term contractual agreements, ensuring predictable and recurring income due to the stringent regulatory requirements of aircraft engine maintenance. A significant growth driver is their strategic expansion into supporting next-generation engine platforms; notably, they are the first and only independent service provider in North America authorized for CFM's LEAP-1A and LEAP-1B engines, projected to become the world's largest engine family. The company also strategically invests in higher-margin engine component repair services and executes value-accretive acquisitions to enhance capabilities and broaden market reach, such as the recent acquisition of Aero Turbine.

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Here are 1-2 brief analogies for StandardAero (SARO):

Imagine a highly specialized, global version of Ryder, but for jet engines instead of trucks – they keep the world's commercial, military, and business aircraft engines maintained and flying.
StandardAero is like the Flex or Jabil of the aerospace engine industry, providing independent, high-tech maintenance, repair, and overhaul services for all major engine manufacturers globally.

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Engine Services: Comprehensive maintenance, repair, and overhaul (MRO) for fixed and rotary wing aircraft engines, including scheduled/unscheduled work, on-wing support, and engineering solutions.
Component Repair Services: Specialized repair services for aerospace engine components and other critical components across diverse end markets such as commercial aerospace, military, land and marine, and oil and gas.

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StandardAero (SARO) primarily sells its aerospace engine aftermarket services to **other companies**, specifically **aircraft operators**. The provided text does not list the names of specific customer companies. Instead, it describes their diverse customer base across the following three categories of end markets:

Commercial Aviation: This category includes airlines and other commercial aircraft operators.
Military Aviation: This category encompasses military organizations and defense departments operating various aircraft.
Business Aviation: This category includes operators of business jets and other private aircraft.

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GE Aerospace (GE)
CFM International (null)
Pratt & Whitney (RTX)
Rolls-Royce Holdings plc (LSE: RR.)
Honeywell International Inc. (HON)
Safran S.A. (EPA: SAF)

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Russell Ford, Chairman and Chief Executive Officer

Appointed Chief Executive Officer in October 2013 and subsequently elected as Chairman of the Board in April 2019. Mr. Ford has over 30 years of experience in the aerospace industry. He previously held executive roles at Precision Castparts Corporation as President of Carlton Forge Works and Dickson Test Group, President and Chief Executive Officer of ClearEdge Power Inc., President and Chief Executive Officer of Prestolite Electric Inc., Chief Operations Officer at Holley Performance Products Inc., Senior Vice President of Operations at Lockheed Martin Corporation, and General Manager of the Industrial and Marine Engine Division at Allied Signal Corporation. StandardAero has been acquired by private equity firms, including Veritas Capital in 2015 and previously The Carlyle Group, during his tenure as CEO.

Daniel Satterfield, Chief Financial Officer

Appointed Chief Financial Officer in January 2023. Mr. Satterfield has over 30 years of international management experience. Prior to joining StandardAero, he served as Chief Financial Officer for Honeywell Aerospace from December 2018 to December 2022. He also held senior executive financial leadership roles at Gates Corporation, Eaton, Cooper Industries, and Siemens.

Kimberly Ernzen, Chief Operating Officer

Appointed Chief Operating Officer in May 2024. Ms. Ernzen brings three decades of experience in the aerospace industry. Prior to StandardAero, she served in various leadership positions at Raytheon since 2014, including President, Naval Power, Senior Vice President, Air Warfare Systems, Vice President, Land Warfare Systems, and Vice President, Operations. Her experience also includes roles at Hawker Beechcraft and the former Raytheon Aircraft.

Lewis Prebble, President, Commercial Engine Services

Appointed President of Commercial Engine Services in April 2021. Mr. Prebble has more than 25 years of aerospace experience. Before joining StandardAero, he served as Senior Vice President for the Americas at Rolls-Royce from February 2014 to March 2021, holding multiple executive positions within the company.

Michael L. Kaplan, Chief Legal Officer

Mr. Kaplan serves as Chief Legal Officer for StandardAero, bringing more than 25 years of legal and executive leadership experience. He previously served as SVP, General Counsel, Chief Security Officer and Secretary at StandardAero from 2010 to 2013 and most recently as Senior Counsel at the global law firm Norton Rose Fulbright.

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Key Risks:

Dependency on OEM Licenses and Authorizations: StandardAero’s ability to perform critical maintenance, repair, and overhaul services is contingent upon obtaining and retaining extensive approvals, certifications, licenses, and authorizations from government regulators and engine Original Equipment Manufacturers (OEMs) for each engine platform it services. The failure to secure or renew these essential licenses and authorizations for key platforms would severely impede their operational capabilities and market access.
Reliance on Key OEM Relationships and Contracts: The company's business model is heavily reliant on its OEM-aligned strategy and long-standing relationships with major OEMs, including significant long-term agreements such as the CFM Branded Service Agreement (CBSA) for LEAP-1A and LEAP-1B engines. This CBSA is described as having the "potential to be the largest award in the Company’s history," positioning StandardAero for substantial growth. Any deterioration of these critical OEM relationships or the loss/non-renewal of significant contracts like the LEAP CBSA could materially impact its market position, growth trajectory, and financial performance.
Impact of OEM Material Costs on Reported Margins: A substantial portion of StandardAero’s cost of sales comprises new OEM materials, which are integrated into the engines they service. While these costs are frequently passed through to end customers with minimal or no mark-up, this dynamic significantly impacts the company’s reported margins. This structural characteristic could constrain reported profitability metrics and necessitates diligent cost management strategies to maintain actual profit levels and positive investor perception.

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StandardAero (SARO) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and market opportunities outlined in its business description. Here are 3-5 expected drivers of future revenue growth: * Growth in LEAP-1A and LEAP-1B Engine Platform Services: StandardAero's long-term CFM Branded Service Agreement (CBSA) for the LEAP-1A and LEAP-1B engines is expected to be a significant growth driver. These engines, powering the Airbus A320neo family and Boeing 737MAX series aircraft, are projected to become the largest engine platform family globally by the early 2030s, accounting for over 35% of the world's installed base of engines by 2033. StandardAero anticipates "above-market growth" as these engines experience a "significant ramp up in demand" over the next decade and beyond. * Expansion and Investment in Component Repair Services: The company has made substantial investments in its Component Repair Services business, which it believes offers "attractive margins, significant growth opportunities and synergies" with its Engine Services business. This segment is identified as a key area for both revenue growth and enhanced profitability. * Increased Capacity and Competitiveness on the CFM56 Platform: StandardAero has invested in expanding its capacity and competitiveness for the CFM56 platform, including establishing a new CFM56-dedicated Center of Excellence facility in Dallas, Texas. This investment aims to service the growing demand on what is currently the "largest engine platform in the world," indicating an expectation of increased revenue from this mature but high-demand platform. * Strategic Acquisitions: StandardAero's value creation strategy includes "investment in value-accretive acquisitions." The company has a proven track record of completing 11 strategic acquisitions over the past seven years, with a focus on adding strategic engine platforms, new capabilities, and intellectual property. The recent acquisition of Aero Turbine Inc. in August 2024, which adds complementary component repair and Source Approval Request (SAR) capabilities on military platforms, exemplifies this ongoing strategy to drive revenue growth.

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Outbound Investments

On August 23, 2024, StandardAero completed the acquisition of Aero Turbine Inc., a provider of engine component repair and other value-added engine aftermarket services.
The Aero Turbine acquisition adds highly complementary component repair and source approval request (SAR) capabilities on strategic military platforms.
Over the past seven years, StandardAero has successfully completed 11 strategic acquisitions.

Capital Expenditures

Over the last five years, substantial investments have been made to significantly expand the engine component repair services business.
Investments were made to expand capacity and competitiveness on the CFM56 platform, including establishing a new CFM56-dedicated Center of Excellence facility in Dallas, Texas.
In March 2023, StandardAero became the first and only independent aftermarket service provider in North America to join CFM International Inc.’s authorized service network for the LEAP-1A and LEAP-1B engines.

Interactive Breakdown

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Better Bets vs. StandardAero (SARO)

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Peer Outperformance in Aerospace & Defense

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Share of Aerospace & Defense constituents that SARO has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.

34%

of 70 industry peers · -19.1% return

—

insufficient peer history

—

insufficient peer history

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Median price return by industry across the Industrials sector, ranked by 5Y. Aerospace & Defense is SARO's own industry. Use this to see which corners of the sector have carried the returns.

Industry	Names	1Y med	3Y med	5Y med	Top 3 by 5Y
Construction & Engineering	31	7.0%	102.1%	183.7%	FIX 2314% · CDNL 2275% · STRL 2261%
Marine Transportation	5	88.1%	65.4%	182.7%	HOS 44163% · MATX 212% · SFL 183%
Construction Machinery & Heavy Transportation Equipment	13	11.7%	55.6%	126.2%	CAT 362% · ALSN 258% · WAB 234%
Aerospace & Defense ←	55	-6.5%	66.1%	74.4%	ATI 1052% · FTAI 970% · HWM 653%
Rail Transportation	7	29.3%	56.9%	52.8%	FSTR 147% · CSX 69% · UNP 58%
Trading Companies & Distributors	19	4.3%	37.5%	50.6%	DXPE 574% · AIT 306% · URI 220%
Industrial Machinery & Supplies & Components	72	9.1%	49.1%	44.9%	CRS 1270% · PSIX 1091% · EROC 652%
Diversified Support Services	33	13.4%	32.2%	38.0%	LIME 3498% · TH 465% · WLFC 368%
Passenger Ground Transportation	3	-28.4%	41.4%	30.5%	UBER 77% · CAR 31% · LYFT -70%
Cargo Ground Transportation	16	34.4%	-0.1%	29.2%	R 247% · XPO 246% · CVLG 193%
Electrical Components & Equipment	41	3.4%	56.5%	22.0%	POWL 2339% · BE 1320% · VRT 950%
Building Products	33	-14.7%	1.5%	19.5%	LMB 691% · GFF 386% · PPIH 296%
Industrial Conglomerates	17	7.9%	7.2%	8.2%	RCMT 456% · CSW 141% · DD 74%
Agricultural & Farm Machinery	17	6.4%	3.2%	-2.4%	BLBD 211% · DE 115% · GENC 56%
Environmental & Facilities Services	29	-11.1%	22.8%	-6.4%	CECO 939% · ADUR 385% · NVRI 370%
Research & Consulting Services	13	-12.7%	-24.6%	-9.9%	HURN 219% · CRAI 90% · GRNQ 69%
Data Processing & Outsourced Services	6	-33.4%	-15.8%	-25.2%	EXLS 46% · BR 9% · G -24%
Passenger Airlines	11	3.2%	13.1%	-28.8%	LTM 3169% · UAL 140% · SKYW 106%
Office Services & Supplies	9	7.4%	15.2%	-31.0%	PBI 198% · TILE 148% · HNI 50%
Human Resource & Employment Services	22	6.5%	-18.0%	-36.6%	BBSI 88% · ADP 53% · PAYX 25%
Air Freight & Logistics	12	-18.0%	-20.7%	-37.8%	CHRW 98% · FDX 67% · EXPD 67%
Security & Alarm Services	10	-37.7%	19.7%	-45.5%	CIX 160% · MG 123% · NL 67%
Airport Services	3	-75.1%	-78.9%	-58.8%	JOBY -33% · ASLE -59% · UP -100%

Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	StandardAero Stock Pre-Market (+6.3%): Confirmed S&P MidCap 400 Inclusion	01/17/2026
2	StandardAero Stock Pre-Market (-10%) : CEO Insider Sale Disclosed	01/10/2026
3	StandardAero Earnings Notes	12/28/2026
4	Would You Still Hold StandardAero Stock If It Fell 30%?	10/17/2025
5	Why StandardAero Stock Moved: SARO Stock Has Gained 16% Since 2024 Fiscal End, Primarily Due To Favorable Change In Revenues	08/08/2025
6	StandardAero (SARO) Valuation Ratios Comparison	05/15/2025
7	StandardAero (SARO) Operating Cash Flow Comparison	02/17/2025
8	ARTICLES
9	StandardAero Stock Pre-Market (+6.3%): S&P MidCap 400 Inclusion	01/17/2026

	Title
0	DASHBOARDS
1	StandardAero Stock Pre-Market (+6.3%): Confirmed S&P MidCap 400 Inclusion
2	StandardAero Stock Pre-Market (-10%) : CEO Insider Sale Disclosed
3	StandardAero Earnings Notes
4	Would You Still Hold StandardAero Stock If It Fell 30%?
5	Why StandardAero Stock Moved: SARO Stock Has Gained 16% Since 2024 Fiscal End, Primarily Due To Favorable Change In Revenues
6	StandardAero (SARO) Valuation Ratios Comparison
7	StandardAero (SARO) Operating Cash Flow Comparison
8	ARTICLES
9	StandardAero Stock Pre-Market (+6.3%): S&P MidCap 400 Inclusion

Trade Ideas

Select ideas related to SARO.

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Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
GEMI	Gemini Space Station	0.7	31.2%	-41.4%
FWDI	Forward Industries	0.7	24.2%	16.5%
SECZ	Securitize	1.6	21.6%	-11.7%
MSTR	Strategy	54.3	16.4%	1.3%
ABTC	American Bitcoin	0.7	14.4%	-60.4%
MARA	MARA	5.1	13.7%	47.4%
PS	Pershing Square	19.9	13.7%	106.6%
SBET	Sharplink	2.0	13.2%	4.6%
SGML	Sigma Lithium	1.1	12.3%	-24.4%
BTGO	BitGo	0.9	11.8%	-59.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
XENE	Xenon Pharmaceuticals	4.0	-30.7%	-11.3%
KDK	Kodiak AI	0.6	-14.4%	-70.0%
ADBT	Advasa	0.1	-13.6%	-98.0%
HELP	Helus Pharma	0.6	-11.8%	60.0%
GTN-A	Gray Media	0.5	-11.4%	-56.2%
CRD-B	Crawford	0.6	-8.8%	13.8%
SMR	NuScale Power	3.0	-8.5%	-41.6%
RSI	Rush Street Interactive	2.6	-7.7%	19.9%
BTU	Peabody Energy	3.1	-7.4%	-14.4%
TNGX	Tango Therapeutics	3.3	-7.4%	145.5%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
SDGR	Schrodinger	2.2	52.6%	62.3%
PS	Pershing Square	19.9	32.3%	106.6%
BBNX	Beta Bionics	1.0	32.1%	-28.2%
TEM	Tempus AI	14.0	31.9%	31.8%
SECZ	Securitize	1.6	31.3%	-11.7%
TWST	Twist Bioscience	10.4	31.3%	426.5%
EMAT	Evolution Metals & Technologies	2.5	30.5%	-81.1%
GEMI	Gemini Space Station	0.7	30.3%	-41.4%
RUM	Rumble	2.6	26.8%	43.8%
ALMR	Alamar Biosciences	2.0	25.0%	58.4%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
ADBT	Advasa	0.1	-47.1%	-98.0%
SWMR	Swarmer	0.4	-39.4%	-22.6%
ALHC	Alignment Healthcare	1.7	-33.8%	-57.7%
XENE	Xenon Pharmaceuticals	4.0	-32.2%	-11.3%
FLNC	Fluence Energy	1.0	-26.3%	-63.0%
ENVA	Enova International	4.3	-21.8%	11.1%
VYX	NCR Voyix	0.9	-21.2%	-33.9%
ARWR	Arrowhead Pharmaceuticals	9.5	-19.8%	0.1%
DMRA	Damora Therapeutics	1.4	-19.6%	-1.8%
IONS	Ionis Pharmaceuticals	7.4	-18.0%	-43.8%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
SECZ	Securitize	1.6	80.1%	-11.7%
FWDI	Forward Industries	0.7	55.9%	16.5%
PURR	Hyperliquid Strategies	1.7	50.1%	295.8%
GEMI	Gemini Space Station	0.7	47.8%	-41.4%
MSTR	Strategy	54.3	47.6%	1.3%
SMTC	Semtech	17.2	47.6%	151.1%
CVI	CVR Energy	5.4	46.3%	112.4%
SDGR	Schrodinger	2.2	46.2%	62.3%
EMAT	Evolution Metals & Technologies	2.5	41.1%	-81.1%
ACVA	ACV Auctions	1.8	40.3%	30.7%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
ALMS	Alumis	1.0	-67.6%	-20.4%
IESC	IES	12.8	-47.5%	-17.2%
SWMR	Swarmer	0.4	-46.9%	-22.6%
RARE	Ultragenyx Pharmaceutical	1.5	-44.7%	-36.9%
TTAN	ServiceTitan	5.2	-42.1%	-48.3%
FLNC	Fluence Energy	1.0	-39.4%	-63.0%
KRMN	Karman	4.7	-38.6%	-51.1%
XENE	Xenon Pharmaceuticals	4.0	-36.2%	-11.3%
DYN	Dyne Therapeutics	2.8	-36.1%	-12.5%
DKS	Dick's Sporting Goods	10.7	-36.1%	-37.5%

Peer Comparisons

Peers to compare with:

Financials

	SARO	FLY	ATRO	FBDT	LYNX	SPCX	Median
Name	Standard.	Firefly .	Astronics	First Br.	Lyntris	Space Ex.
Mkt Price	22.30	20.97	65.71	0.88	13.69	152.71	21.63
Mkt Cap	7.3	3.4	2.8	-	-	895.5	5.3
Rev LTM	6,325	287	942	0	-	20,646	942
Op Inc LTM	598	-339	126	-29	-	-2,815	-29
FCF LTM	218	-326	61	-8	-	-32,522	-8
FCF 3Y Avg	102	-	27	-	-	-	65
CFO LTM	291	-264	103	-6	-	3,817	103
CFO 3Y Avg	204	-	48	-	-	-	126

Growth & Margins

	SARO	FLY	ATRO	FBDT	LYNX	SPCX	Median
Name	Standard.	Firefly .	Astronics	First Br.	Lyntris	Space Ex.
Rev Chg LTM	12.6%	179.2%	14.5%	-	-	-	14.5%
Rev Chg 3Y Avg	-	-	15.0%	-	-	-	15.0%
Rev Chg Q	4.6%	656.9%	27.0%	-	-	-	27.0%
QoQ Delta Rev Chg LTM	1.1%	55.2%	6.2%	-	-	-	6.2%
Op Inc Chg LTM	30.5%	-52.2%	259.1%	-	-	-	30.5%
Op Inc Chg 3Y Avg	-	-	556.3%	-	-	-	556.3%
Op Mgn LTM	9.5%	-118.0%	13.4%	-6,168.0%	-	-13.6%	-13.6%
Op Mgn 3Y Avg	8.4%	-	6.0%	-	-	-	7.2%
QoQ Delta Op Mgn LTM	0.4%	43.1%	3.2%	-	-	-	3.2%
CFO/Rev LTM	4.6%	-92.1%	10.9%	-1,340.4%	-	18.5%	4.6%
CFO/Rev 3Y Avg	3.7%	-	5.2%	-	-	-	4.5%
FCF/Rev LTM	3.4%	-113.8%	6.4%	-1,715.5%	-	-157.5%	-113.8%
FCF/Rev 3Y Avg	1.8%	-	3.0%	-	-	-	2.4%

Valuation

	SARO	FLY	ATRO	FBDT	LYNX	SPCX	Median
Name	Standard.	Firefly .	Astronics	First Br.	Lyntris	Space Ex.
Mkt Cap	7.3	3.4	2.8	-	-	895.5	5.3
P/S	1.2	11.8	3.0	-	-	43.4	7.4
P/Op Inc	12.2	-10.0	22.4	-	-	-318.1	1.1
P/EBIT	12.2	-8.8	22.4	-	-	-222.7	1.7
P/E	22.5	-9.3	35.7	-	-	-141.0	6.6
P/CFO	25.0	-12.8	27.6	-	-	234.6	26.3
Total Yield	4.5%	-10.7%	2.8%	-	-	-0.7%	1.0%
Dividend Yield	0.0%	0.0%	0.0%	-	-	0.0%	0.0%
FCF Yield 3Y Avg	-	-	0.9%	-	-	-	0.9%
D/E	0.4	0.0	0.1	-	-	0.0	0.1
Net D/E	0.3	-0.2	0.1	-	-	-0.1	0.0

Returns

	SARO	FLY	ATRO	FBDT	LYNX	SPCX	Median
Name	Standard.	Firefly .	Astronics	First Br.	Lyntris	Space Ex.
1M Rtn	-11.6%	-11.3%	-13.6%	-78.9%	-12.0%	14.0%	-11.8%
3M Rtn	-19.6%	-32.2%	-18.4%	-78.9%	-8.8%	-17.5%	-19.0%
6M Rtn	-12.9%	-9.7%	3.1%	-78.9%	-8.8%	-5.1%	-9.2%
12M Rtn	-19.1%	-53.6%	58.0%	-78.9%	-8.8%	-5.1%	-14.0%
3Y Rtn	-31.9%	-65.3%	299.7%	-78.9%	-8.8%	-5.1%	-20.4%
1M Excs Rtn	-14.8%	-16.4%	-18.8%	-78.2%	-8.0%	10.1%	-15.6%
3M Excs Rtn	-21.6%	-34.2%	-20.4%	-80.9%	-10.8%	-19.5%	-21.0%
6M Excs Rtn	-30.7%	-24.5%	-19.7%	-94.7%	-24.6%	-20.9%	-24.5%
12M Excs Rtn	-34.9%	-67.5%	48.0%	-94.8%	-24.7%	-21.0%	-29.8%
3Y Excs Rtn	-103.2%	-136.5%	227.0%	-150.2%	-80.0%	-76.4%	-91.6%

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

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Clinical Pipeline

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Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021
Period End	6/30/2026	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Filing Date	8/7/2026	2/26/2026	3/12/2025	10/2/2024	3/12/2025	10/2/2024
Key Financials
Total Revenue	6,325	6,063	5,237	4,563	4,150	3,480
Gross Profit	952	897	754	635	546	416
EBITDA	788	745	551	512	460	357
Operating Income	598	551	405	339	264	166
Net Income	324	277	11	-35	-21	-31
EPS	0.99	0.84	0.04	-0.10	-0.06	-0.09
Growth Rates
Total Revenue Growth	12.6%	15.8%	14.8%	9.9%	19.3%	-
EBITDA Growth	27.5%	35.1%	7.7%	11.2%	29.0%	-
Operating Income Growth	30.5%	36.2%	19.4%	28.4%	58.9%	-
Net Income Growth	143.5%	2427.9%	131.3%	-67.0%	31.6%	-
Margins
Gross Margin	15.0%	14.8%	14.4%	13.9%	13.1%	12.0%
EBITDA Margin	12.5%	12.3%	10.5%	11.2%	11.1%	10.3%
Operating Income Margin	9.5%	9.1%	7.7%	7.4%	6.4%	4.8%
Net Income Margin	5.1%	4.6%	0.2%	-0.8%	-0.5%	-0.9%
Cash & Debt
Total Cash	179	290	103	58	120	�
Total Debt	2,563	2,449	2,413	3,375	3,368	0
Net Debt / (Cash)	2,384	2,160	2,311	3,317	3,248	�
Cash Flows & CapEx
Net Cash from Operations	291	317	76	68	27	131
Total CapEx	-73	-113	-123	-85	-44	-66
Free Cash from Operations	218	204	-47	-17	-17	65
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0
Share Repurchases	100	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3
Period End	6/30/2026	3/31/2026	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023
Filing Date	8/7/2026	5/8/2026	2/26/2026	11/10/2025	8/14/2025	5/13/2025	3/12/2025	11/13/2024	10/2/2024	5/13/2025	10/2/2024	11/13/2024
Key Financials Quarterly
Total Revenue	1,600	1,627	1,600	1,498	1,529	1,436	1,410	1,245	1,347	1,236	1,158	1,099
Ebitda	216	190	198	185	184	178	113	144	150	145	129	98
Operating Income	168	143	149	137	136	129	95	99	105	106	80	75
Net Income	97	80	79	68	68	63	-14	16	5	3	-5	-18
EPS	0.30	0.24	0.24	0.21	0.21	0.19	-0.04	0.05	0.02	0.01	-0.01	-0.05
Key Financials TTM
Total Revenue TTM	6,325	6,254	6,063	5,872	5,619	5,437	5,237	4,985	4,840	-	-	-
Ebitda TTM	788	757	745	660	618	584	551	568	522	-	-	-
Operating Income TTM	598	565	551	496	459	428	405	390	365	-	-	-
Net Income TTM	324	294	277	185	133	71	11	20	-14	-	-	-
Growth Rates Quarterly
Total Revenue Growth	4.6%	13.3%	13.5%	20.4%	13.5%	16.2%	21.8%	13.2%	-	-	-	-
EBITDA Growth	17.1%	6.7%	75.3%	29.1%	22.8%	22.5%	-12.7%	46.7%	-	-	-	-
Operating Income Growth	24.3%	11.0%	57.7%	38.2%	29.0%	22.2%	18.5%	32.9%	-	-	-	-
Net Income Growth	43.7%	27.0%	659.6%	314.5%	1153.0%	1875.0%	-208.2%	191.7%	-	-	-	-
Margins Quarterly
EBITDA Margin	13.5%	11.7%	12.3%	12.4%	12.0%	12.4%	8.0%	11.5%	11.1%	11.7%	11.2%	8.9%
Operating Income Margin	10.5%	8.8%	9.3%	9.2%	8.9%	9.0%	6.7%	8.0%	7.8%	8.5%	6.9%	6.8%
Net Income Margin	6.1%	4.9%	4.9%	4.5%	4.4%	4.4%	-1.0%	1.3%	0.4%	0.3%	-0.4%	-1.6%
Cash & Debt
Total Cash	179	89	290	98	92	141	103	51	60	-	58	-
Total Debt	2,563	2,453	2,449	2,561	2,547	2,516	2,413	3,611	3,450	0	3,375	0
Net Debt / (Cash)	2,384	2,364	2,160	2,463	2,455	2,375	2,311	3,560	3,389	-	3,317	-
Cash Flows Quarterly
FCF from Operations	72	-120	323	15	3	-24	108	-14	65	-84	164	103
Cash Flows TTM
FCF from Operations TTM	291	221	317	102	73	136	76	132	249	-	-	-
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	40	60	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	8.4%	7.0%	7.2%	6.3%	6.3%	6.0%	6.1%	6.3%	1.4%	-	5.3%	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	7.3%	6.8%	6.6%	5.0%	4.5%	3.3%	0.9%	2.0%	6.0%	-	-	-

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Engine Services	5,354	4,645	4,050	3,723	3,123
Component Repair Services	709	592	513	427	357
Total	6,063	5,237	4,563	4,150	3,480

Operating Income by Segment

$ Mil	2025	2024
Engine Services	707	611
Component Repair Services	203	155
Integration costs and severance	-6	-3
Non-cash stock compensation expense	-13	-17
Other	-19	-7
Business transformation costs (LEAP and CFM)	-26	-43
Corporate	-101	-75
Depreciation and amortization	-194	-188
Acquisition costs		-1
Initial public offering (IPO) -related costs		-27
Total	551	403

Price Behavior

Price Behavior

Market Price	$22.30
Market Cap ($ Bil)	7.3
First Trading Date	10/02/2024
Distance from 52W High	-32.7%
	50 Days	200 Days
DMA Price	$26.56	$27.72
DMA Trend	indeterminate	down
Distance from DMA	-16.0%	-19.6%
	3M	1YR
Volatility	34.0%	36.0%
Downside Capture	238.73	174.15
Upside Capture	98.33	119.73
Correlation (SPY)	44.7%	47.0%

SARO Betas & Captures as of 8/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	1.55	1.36	1.07	1.35	1.33	-0.02
Up Beta	2.01	0.89	1.78	1.61	1.39	-0.19
Down Beta	3.22	0.92	0.31	1.04	0.91	0.06
Up Capture	-44%	70%	67%	90%	140%	33%
Bmk +ve Days	10	21	32	68	138	427
Stock +ve Days	6	18	32	62	129	247
Down Capture	382%	268%	146%	159%	139%	98%
Bmk -ve Days	11	21	32	59	113	324
Stock -ve Days	15	24	32	65	120	228

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with SARO
SARO	-19.0%	35.9%	-0.53	-
Sector ETF (XLI)	13.5%	17.2%	0.57	62.7%
Equity (SPY)	16.9%	12.9%	0.94	47.2%
Gold (GLD)	19.1%	29.3%	0.60	18.8%
Commodities (DBC)	46.3%	20.6%	1.73	-24.9%
Real Estate (VNQ)	4.9%	13.6%	0.10	29.1%
Bitcoin (BTCUSD)	-30.6%	44.3%	-0.70	21.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with SARO
SARO	-7.3%	36.5%	-0.47	-
Sector ETF (XLI)	12.4%	17.6%	0.54	61.9%
Equity (SPY)	12.9%	17.2%	0.57	52.0%
Gold (GLD)	19.1%	18.8%	0.83	11.1%
Commodities (DBC)	11.2%	19.5%	0.45	-4.6%
Real Estate (VNQ)	1.1%	18.8%	-0.05	33.3%
Bitcoin (BTCUSD)	12.5%	52.5%	0.42	25.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with SARO
SARO	-3.7%	36.5%	-0.47	-
Sector ETF (XLI)	13.1%	20.1%	0.57	61.9%
Equity (SPY)	15.1%	18.0%	0.72	52.0%
Gold (GLD)	12.1%	16.4%	0.61	11.1%
Commodities (DBC)	8.3%	18.1%	0.37	-4.6%
Real Estate (VNQ)	4.4%	20.7%	0.18	33.3%
Bitcoin (BTCUSD)	62.6%	66.2%	1.02	25.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	8312026
Short Interest: Shares Quantity	16.3 Mil
Short Interest: % Change Since 8152026	-9.0%
Average Daily Volume	2.8 Mil
Days-to-Cover Short Interest	5.8 days
Basic Shares Quantity	326.3 Mil
Short % of Basic Shares	5.0%

Returns Analyses

	Title
0	Would You Still Hold StandardAero Stock If It Fell 30%?

Earnings Returns History

Updated 9/9/2026

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
8/6/2026	-2.7%	-9.6%	-17.3%
5/7/2026	-3.4%	1.1%	-4.8%
2/25/2026	3.5%	-2.3%	-14.7%
8/13/2025	-4.0%	-5.4%	-3.6%
5/12/2025	4.4%	4.7%	7.5%
3/10/2025	8.5%	9.8%	-15.5%
11/13/2024	-6.8%	-1.9%	-10.2%
SUMMARY STATS
# Positive	3	3	1
# Negative	4	4	6
Median Positive	4.4%	4.7%	7.5%
Median Negative	-3.7%	-3.8%	-12.5%
Max Positive	8.5%	9.8%	7.5%
Max Negative	-6.8%	-9.6%	-17.3%

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
8/6/2026	-2.7%	-9.6%	-17.3%
5/7/2026	-3.4%	1.1%	-4.8%
2/25/2026	3.5%	-2.3%	-14.7%
8/13/2025	-4.0%	-5.4%	-3.6%
5/12/2025	4.4%	4.7%	7.5%
3/10/2025	8.5%	9.8%	-15.5%
11/13/2024	-6.8%	-1.9%	-10.2%
SUMMARY STATS
# Positive	3	3	1
# Negative	4	4	6
Median Positive	4.4%	4.7%	7.5%
Median Negative	-3.7%	-3.8%	-12.5%
Max Positive	8.5%	9.8%	7.5%
Max Negative	-6.8%	-9.6%	-17.3%

SEC Filings

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Report Date	Filing Date	Filing
06/30/2026	08/07/2026	10-Q
03/31/2026	05/08/2026	10-Q
12/31/2025	02/26/2026	10-K
09/30/2025	11/10/2025	10-Q
06/30/2025	08/14/2025	10-Q
03/31/2025	05/13/2025	10-Q
12/31/2024	03/12/2025	10-K
09/30/2024	11/13/2024	10-Q
06/30/2024	10/02/2024	424B4

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Report Date	Filing Date	Filing
06/30/2026	08/07/2026	10-Q
03/31/2026	05/08/2026	10-Q
12/31/2025	02/26/2026	10-K
09/30/2025	11/10/2025	10-Q
06/30/2025	08/14/2025	10-Q
03/31/2025	05/13/2025	10-Q
12/31/2024	03/12/2025	10-K
09/30/2024	11/13/2024	10-Q
06/30/2024	10/02/2024	424B4

Recent Forward Guidance

Updated 8/7/2026

Latest: Q2 2026 Earnings Reported 8/6/2026

Forward Guidance					Guidance Change
Metric	Source	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Revenue	Reported	6.38 Bil	6.44 Bil	6.50 Bil	0.8%		Raised	Guidance: 6.39 Bil for 2026
2026 Adjusted EBITDA	Reported	885.00 Mil	897.50 Mil	910.00 Mil	0.8%		Raised	Guidance: 890.00 Mil for 2026
2026 Adjusted Diluted Earnings Per Share	Reported	1.5	1.53	1.57	5.9%		Raised	Guidance: 1.45 for 2026
2026 Adjusted Free Cash Flow	Reported	270.00 Mil	285.00 Mil	300.00 Mil	0		Affirmed	Guidance: 285.00 Mil for 2026

Prior: Q1 2026 Earnings Reported 5/7/2026

Forward Guidance					Guidance Change
Metric	Source	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Revenue	Reported	6.33 Bil	6.39 Bil	6.45 Bil	0.6%		Raised	Guidance: 6.35 Bil for 2026
2026 Adjusted EBITDA	Reported	875.00 Mil	890.00 Mil	905.00 Mil	0.3%		Raised	Guidance: 887.50 Mil for 2026
2026 Adjusted Earnings Per Share	Reported	1.4	1.45	1.5	3.6%		Raised	Guidance: 1.4 for 2026
2026 Free Cash Flow	Reported	270.00 Mil	285.00 Mil	300.00 Mil	0		Affirmed	Guidance: 285.00 Mil for 2026

Insider Activity

Updated 8/12/2026

Expand for More

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	8122026	30.00	41	1,230	8,865,960	Form
2	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	8102026	30.56	20,413	623,854	9,033,184	Form
3	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	8072026	31.42	40,000	1,256,672	9,927,269	Form
4	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	8072026	30.89	40,000	1,235,604	10,996,443	Form
5	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	8052026	30.24	40,000	1,209,524	11,973,864	Form

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#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	8122026	30.00	41	1,230	8,865,960	Form
2	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	8102026	30.56	20,413	623,854	9,033,184	Form
3	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	8072026	31.42	40,000	1,256,672	9,927,269	Form
4	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	8072026	30.89	40,000	1,235,604	10,996,443	Form
5	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	8052026	30.24	40,000	1,209,524	11,973,864	Form
6	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	8052026	30.04	10,969	329,501	13,096,714	Form
7	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	7082026	30.12	40,000	1,204,700	13,461,167	Form
8	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	7082026	30.44	40,000	1,217,644	14,823,446	Form
9	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	7062026	30.24	40,000	1,209,640	15,935,646	Form
10	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	7062026	30.23	40,000	1,209,324	17,140,807	Form
11	Chambliss, Malisa	Chief Human Resources Officer	Direct	Sell	4172026	27.36	764	20,903	56,416	Form
12	Brancato, Anthony	See Remarks	Direct	Sell	4172026	27.36	1,107	30,288	81,834	Form
13	Krekeler, Gregory Clemens	See Remarks	Direct	Sell	4172026	27.36	390	10,670	20,274	Form
14	Trapp, Alex	Chief Strategy Officer	Direct	Sell	4172026	27.36	475	12,996	35,048	Form
15	Prebble, Lewis	See Remarks	Direct	Sell	4172026	27.36	1,141	31,218	82,244	Form
16	Ernzen, Kimberly	Chief Operating Officer	Direct	Sell	4172026	27.36	2,516	68,838	181,452	Form
17	Drobny, Marc	See Remarks	Direct	Sell	4172026	27.36	1,094	29,932	390,564	Form
18	Satterfield, Daniel	CFO & Treasurer	Direct	Sell	4172026	27.36	2,306	63,092	170,508	Form
19	Ford, Russell Wayne	Chief Executive Officer	Direct	Sell	4172026	27.36	10,638	291,056	392,397	Form
20	McElhinney, Paul		Direct	Buy	3172026	26.41	37,243	983,606	7,435,374	Form
21	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	3062026	30.09	40,000	1,203,456	18,261,091	Form
22	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	3042026	30.33	40,000	1,213,100	19,620,528	Form
23	Carlyle, Group Inc		See Footnotes	Sell	3022026	31.46	19,840,268	624,174,831	2,661,108,121	Form
24	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	2102026	30.12	40,000	1,204,860	20,692,115	Form
25	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	2062026	30.12	40,000	1,204,720	21,894,431	Form
26	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	2042026	30.86	40,000	1,234,528	23,670,686	Form
27	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	2042026	30.47	40,000	1,218,704	24,585,982	Form
28	Gic, Private Ltd		See Footnotes	Sell	2022026	30.54	10,890,877	332,552,929	719,794,104	Form
29	Carlyle, Group Inc		See Footnotes	Sell	1302026	31.00	48,246,588	1,495,644,228	3,237,246,393	Form
30	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	1072026	30.46	40,000	1,218,404	28,235,142	Form
31	Ford, Russell Wayne	Chief Executive Officer	Family LLC	Sell	1072026	30.18	40,000	1,207,336	29,185,990	Form
32	Drobny, Marc	See Remarks	Direct	Sell	1072026	30.12	15,000	451,764	340,931	Form
33	Trapp, Alex	Chief Strategy Officer	Direct	Sell	10172025	29.21	10,000			Form
34	Trapp, Alex	Chief Strategy Officer	Direct	Sell	9252025	28.00	4,035	112,980	280,000	Form
35	Trapp, Alex	Chief Strategy Officer	Direct	Sell	9222025	28.00	2,873	80,444	392,980	Form
36	Trapp, Alex	Chief Strategy Officer	Direct	Sell	9222025	28.06	73,718	2,068,166	474,356	Form
37	Drobny, Marc	See Remarks	Direct	Sell	9122025	26.80	20,000	536,032	705,418	Form

Investor Activity (13F)

Updated Sep 20, 2026

13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
M.D. Sass, LLC	$55.5 Mil	4.2%	36	ADD +7.9%	13F
Verbena Value LP	$23.0 Mil	3.8%	26	ADD +379.3%	13F
Trinity Street Asset Management LLP	$25.7 Mil	1.8%	22	New	13F
Vulcan Value Partners, LLC	$18.5 Mil	0.5%	33	ADD +51.4%	13F
Unisphere Establishment	$8.4 Mil	0.1%	50	ADD +66.7%	13F

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
Trinity Street Asset Management LLP	$25.7 Mil	1.8%	22	New	13F
Verbena Value LP	$23.0 Mil	3.8%	26	ADD +379.3%	13F
Unisphere Establishment	$8.4 Mil	0.1%	50	ADD +66.7%	13F
Vulcan Value Partners, LLC	$18.5 Mil	0.5%	33	ADD +51.4%	13F
M.D. Sass, LLC	$55.5 Mil	4.2%	36	ADD +7.9%	13F

Active Manager

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
M.D. Sass, LLC	$55.5 Mil	4.2%	36	ADD +7.9%	13F
Trinity Street Asset Management LLP	$25.7 Mil	1.8%	22	New	13F
Verbena Value LP	$23.0 Mil	3.8%	26	ADD +379.3%	13F
Vulcan Value Partners, LLC	$18.5 Mil	0.5%	33	ADD +51.4%	13F
Unisphere Establishment	$8.4 Mil	0.1%	50	ADD +66.7%	13F

SARO Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

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STOCK ARCHETYPE

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Looking for high-conviction positions with a better risk/reward profile? See what's currently in the Trefis High Quality Portfolio.

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Supporting Evidence:

PRIMARY RISK

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StandardAero — Investor Video Playlist

Products & Services

That’s Hot! Introducing the SlivAir Gulfstream 450

StandardAero · 2026-01-15

Products & Services

StandardAero StableLight – The TRUE Autopilot for AS350/H125 helicopter professionals

StandardAero · 2025-04-04

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Core Cache Last Updated: 9/19/2026

StandardAero (SARO)

Market Price (9/20/2026): $22.3 | Market Cap: $7.3 BilSector: Industrials | Industry: Aerospace & Defense

StandardAero (SARO)

Market Price (9/20/2026): $22.3Market Cap: $7.3 BilSector: IndustrialsIndustry: Aerospace & Defense

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Market Price (9/20/2026): $22.3
Market Cap: $7.3 Bil
Sector: Industrials
Industry: Aerospace & Defense