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StandardAero (SARO) investor relations material
StandardAero Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary10 Nov, 2025
Executive summary
Q3 2025 revenue grew 20.4% year-over-year to $1,498 million, with adjusted EBITDA up 16.1% to $196 million, reflecting robust demand and operational discipline across commercial aerospace, business aviation, and military markets.
Net income rose to $68.1 million, up $51.7 million year-over-year, driven by higher operating income and lower interest expense.
Raised full-year 2025 guidance for revenue, adjusted EBITDA, and free cash flow, citing confidence in Q4 and continued strength across segments.
Completed IPO in October 2024, raising $1.2 billion, and executed secondary offerings in 2025; no shares sold by the company in those offerings.
Continued execution on strategic priorities, including ramping LEAP and CFM56 programs, expansion projects, and successful M&A integration.
Financial highlights
Q3 2025 revenue: $1,498 million (up 20.4% year-over-year); adjusted EBITDA: $196 million (up 16.1% year-over-year), margin 13.1%.
Net income: $68.1 million (up $51.7 million year-over-year); operating income: $137.3 million (up 40.1% year-over-year).
Free cash flow for Q3 2025 was a $4 million use, with significant improvement expected in Q4.
Net debt reduced to $2,265.3 million; net debt to adjusted EBITDA improved to 2.9x from 5.3x year-over-year.
Interest expense decreased 44.2% in Q3 2025 due to refinancing and debt repayment.
Outlook and guidance
2025 revenue guidance raised to $5,970–$6,030 million; adjusted EBITDA to $795–$815 million; free cash flow to $170–$190 million.
Engine Services revenue expected at $5,270–$5,310 million (14% growth, ~13.2% margin); CRS revenue at $700–$720 million (20% growth, ~29% margin).
End market growth assumptions: mid-teens for commercial aerospace, high single digits for military/helicopter, low double-digit to mid-teens for business aviation.
Major platform expansion investments of $90 million included in guidance.
Free cash flow conversion target remains 80–90% of net income.
When will LEAP/CFM56 DFW improve Engine Services margin?
Quantify ATI acquisition's impact on CRS margin.
What drives the raised FCF guidance despite $90M capex?
LEAP program's path to accretive margins
Quantify 2027 FCF benefit from contract changes?
Basis for sustained supply chain confidence?
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Next StandardAero earnings date
Q4 202512 Mar, 2026
Next StandardAero earnings date
Q4 202512 Mar, 2026
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Frequently asked questions
StandardAero Inc. is an aerospace company that provides maintenance, repair, and overhaul (MRO) services for aircraft engines and components. Serving commercial, military, business aviation, and industrial power markets, the company offers a broad range of services, including engine overhaul, component repair, and engineering support. StandardAero supports its global customer base through multiple service centers and facilities, focusing on enhancing aircraft performance, reliability, and safety. The company is headquartered in Scottsdale, Arizona.
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