SAROStandardAero, Inc.
Aircraft Engines & Engine Parts
- Revenue
- $6.1B
- 16% YoY
- Operating margin
- 9.1%
- 18% YoY
- EBITDA
- $745M
- 26% YoY
- Market cap
- $7.7B
- Employees
- 8,000
- $758K revenue each
- Net debt / EBITDA
- 2.9×
- $2.1B net debt
- AI in 10-K
- 2.6
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo114% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo25% of assetsOver 40% of assets
- Shareholder dissentNo85% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$758K · 81st pctBottom quartile of its SIC industry
- Quiet on AINo2.6 per 10K words · 64th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo2.9× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$7.7B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$354M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|
| Revenue | $4.2B | $4.6B | $5.2B | $6.1B | 16% |
| Operating income | $263M | $337M | $403M | $551M | 37% |
| Net income | −$21M | −$35M | $11M | $277M | 2428% |
| Operating cash flow | $27M | $68M | $76M | $317M | 315% |
| Capex | $41M | $55M | $103M | $82M | 20% |
| Stock-based comp | — | — | $17M | $13M | 24% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $984K · 1
- Open-market sells, 12 mo
- $355M · 33
- Net
- −$354M
Pay vs performance
No pay-versus-performance disclosure yet.