The company delivered double-digit revenue growth across all three end markets, supported by sustained strength in commercial aerospace, accelerating bookings momentum in the military end market, and excellent execution on business aviation platforms. Net Debt to Adjusted EBITDA improved to 2.6x at March 31, 2026 from 3.1x a year earlier, supported by trailing twelve-month Adjusted EBITDA of $813.1 million. StandardAero is executing disciplined M&A and capacity investments to capture growing aftermarket demand.
Cyborg Score Rationale
Q1 2026 revenue increased 13.3% year-over-year to $1,626.9 million with net income up 27% to $79.9 million. Business Aviation revenue rose 19.6%, Commercial Aerospace 11.4%, and Military & Helicopter 10.3%. However, working capital challenges and near-term margin pressure in core Engine Services segments warrant careful monitoring.
Top Insights
All major end markets experienced double-digit growth and expanded backlog in Q1 2026.
The company raised full year revenue, adjusted EBITDA and adjusted EPS guidance and announced the acquisition of Unified Turbines in May 2026.
Component Repair Services segment Adjusted EBITDA increased to $52.4 million with margin expanding to 29.2%, highlighting the profitability of this business.
Strong rebound in military platforms, including the AE2100 and AE1107, which power the C-130 and the V-22 Osprey, respectively.
Named Competitors
GE Aviation — Integrated aerospace engine OEM and MRO provider
Rolls-Royce — Engine OEM and aftermarket support provider
Lufthansa Technik — Independent aircraft and engine MRO services
Recent Developments
(May 2026) Acquired Unified Turbines, a synergistic addition to Component Repair Services segment with 25+ years as a trusted supplier
(May 2026) Announced Q1 2026 results with 13.3% revenue growth and raised full-year guidance
(April 2026) Reached long-term repair and overhaul agreement with Rolls-Royce for MT7 engine supporting U.S. Navy Ship to Shore Connector
(March 2026) Signed General Terms Agreement with AviLease for CFM LEAP and CFM56 engine MRO services
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