Company Reports

Engine services revenue grew by 4% to $1.4 billion, while component repairs rose 9.2% to $195 million in the second quarter. Engine services' EBITDA margin rose to 14.5% due to the elimination of some zero-margin pass-through parts sales, which was also why sales growth slowed in the quarter.

StandardAero is a maintenance, repair, and overhaul provider focused on aircraft engines. It is authorized to work on more than 40 engine platforms in service today, including the ubiquitous CFM56 engine and its successor LEAP engine. It provides much-needed capacity in a mission-critical segment of the aerospace supply chain, allowing aircraft operators to avoid unwanted plane downtime. Turnaround time is paramount in the MRO business, and StandardAero’s experience and access to replacement parts give it a competitive edge over smaller independent shops. Around 60% of the firm’s revenue comes from servicing engines for commercial jets, with the rest split between military aircraft and business jets.

Engine services revenue grew by 14% to $1.5 billion, while component repairs rose 7.4% to nearly $180 million in the first quarter. Engine services' EBITDA margin dipped to 12.3% due to some one-off items, while component repairs showed rapid margin expansion from 28.3% to 29.2% EBITDA margin.

StandardAero is a maintenance, repair, and overhaul provider focused on aircraft engines. It is authorized to work on more than 40 engine platforms in service today, including the ubiquitous CFM56 engine and its successor LEAP engine. It provides much-needed capacity in a mission-critical segment of the aerospace supply chain, allowing aircraft operators to avoid unwanted plane downtime. Turnaround time is paramount in the MRO business, and StandardAero’s experience and access to replacement parts give it a competitive edge over smaller independent shops. Around 60% of the firm’s revenue comes from servicing engines for commercial jets, with the rest split between military aircraft and business jets.

StandardAero is a maintenance, repair, and overhaul provider focused on aircraft engines. It is authorized to work on more than 40 engine platforms in service today, including the ubiquitous CFM56 engine and its successor LEAP engine. It provides much-needed capacity in a mission-critical segment of the aerospace supply chain, allowing aircraft operators to avoid unwanted plane downtime. Turnaround time is paramount in the MRO business, and StandardAero’s experience and access to replacement parts give it a competitive edge over smaller independent shops. Around 60% of the firm’s revenue comes from servicing engines for commercial jets, with the rest split between military aircraft and business jets.

Engine services revenue grew by 15% to $5.3 billion, while component repairs rose nearly 20% to exceed $700 million in 2025. Engine services' profitability was steady at around 13.2% EBITDA margin, while component repairs showed rapid margin expansion from 26.1% to 28.6% annual EBITDA margin.

StandardAero is a maintenance, repair, and overhaul provider focused on aircraft engines. It is authorized to work on more than 40 engine platforms in service today, including the ubiquitous CFM56 engine and its successor LEAP engine. It provides much-needed capacity in a mission-critical segment of the aerospace supply chain, allowing aircraft operators to avoid unwanted plane downtime. Turnaround time is paramount in the MRO business, and StandardAero’s experience and access to replacement parts give it a competitive edge over smaller independent shops. Around 60% of the firm’s revenue comes from servicing engines for commercial jets, with the rest split between military aircraft and business jets.

StandardAero's engine services revenue grew 21% to $1.3 billion while component repair sales rose 14% to $176 million. Engine services profitability was more or less steady around a 12.5% EBITDA margin, while component repairs showed rapid margin expansion from 26.4%, to a 30.7% EBITDA margin.

We initiate coverage of StandardAero, one of the world's largest independent providers of aircraft engine maintenance, repair, and overhaul services.

StandardAero is a maintenance, repair, and overhaul provider focused on aircraft engines. It is authorized to work on more than 40 engine platforms in service today, including the ubiquitous CFM56 engine and its successor LEAP engine. It provides much-needed capacity in a mission-critical segment of the aerospace supply chain, allowing aircraft operators to avoid unwanted plane downtime. Turnaround time is paramount in the MRO business, and StandardAero’s experience and access to replacement parts give it a competitive edge over smaller independent shops. Around 60% of the firm’s revenue comes from servicing engines for commercial jets, with the rest split between military aircraft and business jets.