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.
Supply chain disruptions and delivery delays caused a shortage in commercial aircraft that have vastly increased demand for MRO services in order to extend fleets’ useful lives.
Independent MROs depend on OEM intellectual property licenses to compete in the aftermarket, and the contracts governing these can be canceled without compensation.
|
Metric
|
SARO
|
HEI
|
MTX
|
|---|---|---|---|
Price/Earnings (Normalized) | 23.14 | 67.32 | 21.78 |
Price/Book Value | 3.39 | 10.74 | 4.45 |
Price/Sales | 1.49 | 10.54 | 2.23 |
Price/Cash Flow | 17.79 | 46.41 | 11.32 |
|
Metric
|
SARO
|
HEI
|
MTX
|
|---|---|---|---|
Quick Ratio | 1.57 | 1.19 | 1.04 |
Current Ratio | 2.13 | 2.92 | 1.42 |
Interest Coverage | 3.60 | 9.04 | 10.95 |
|
Metric
|
SARO
|
HEI
|
MTX
|
|---|---|---|---|
Return on Assets (Normalized) | 5.05% | 10.13% | 7.85% |
Return on Equity (Normalized) | 12.72% | 20.44% | 23.41% |
Return on Invested Capital (Normalized) | 8.93% | 13.80% | 16.71% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Space Exploration Technologies Corp Class A
SPCX
| LOCK|%zN%Z?Z< | LOCK|?GxL | $2T | |||
| GE Aerospace
GE
| LOCK|Bvy#WmMR | LOCK|yFF | $382B | |||
| RTX Corp
RTX
| LOCK|rpKks!>b | LOCK|dzy | $302B | |||
| Airbus SE ADR
EADSY
| LOCK|HS!!dFh% | LOCK|m>^ | $194B | |||
| Boeing Co
BA
| LOCK|>VGNx^ | LOCK|bn% | $184B | |||
| Rolls-Royce Holdings PLC ADR
RYCEY
| LOCK|s?GQjYq | LOCK|yJq! | $171B | |||
| Lockheed Martin Corp
LMT
| LOCK|<kDgC%j< | LOCK|lq! | $138B | |||
| General Dynamics Corp
GD
| LOCK|X$Xzb&^ | LOCK|@BJ | $106B | |||
| BAE Systems PLC ADR
BAESY
| LOCK|zT##cB | LOCK|T?> | $88B | |||
| Northrop Grumman Corp
NOC
| LOCK|%%%CdwkL | LOCK|vq | $82B |
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United States