StandardAero has reported strong full-year and fourth quarter results. The MRO provider cited strong demand across commercial aerospace and continued margin expansion.
For full-year 2025, revenues rose 15.8% to $6.1bn. Net income totalled $277.4 million, or 83 cents per share, while adjusted net income was $398.4 million, or $1.19 per share.
Adjusted EBITDA increased 17% to $808.2 million, with margins at 13.3%. Operating cash flow was $316.7 million and free cash flow was $209 million.
Fourth-quarter revenues were up 13.5% to $1.6bn. Net income was $78.6 million, swinging from a loss of $14.1 million in 2024's fourth quarter.
Adjusted EBITDA in the quarter rose 12.7% to $209.7 million, supported by higher volumes, pricing gains and productivity improvements.
StandardAero's largest segment, engine services, generated annual revenues of $5.35bn, up 15.3%. This was driven by growth in commercial aerospace and ramping volumes in the LEAP, CFM56 and CF34 engine programmes.
Component repair services revenue increased 19.6% in the year to $708.6 million. This reflected strong demand and benefits from its acquisition of Aero Turbine.
The company has guided between $6.28bn and $6.43bn in revenues for 2026, as well as an adjusted EBITDA of $870-905 million. Commercial aerospace is expected to grow in low- to mid-teens. Military, helicopter, and business aviation markets are expected to see high-single digit growth.