Filing Flows › StandardAero (SARO) › Q2 2026 › vs Q1 2026
StandardAero (SARO) Q2 2026 vs Q1 2026 (quarter over quarter)
StandardAero's revenue fell $27.2M (-2%) from $1.6B in Q1 2026 to $1.6B in Q2 2026. The biggest changes: Business Aviation −$22.5M (-7%); Other −$5.7M (-9%); Commercial Aerospace +$3.3M (+0.4%). Operating margin 10.5% against 8.8% (+1.7 pts).
StandardAero, Q2 2026: revenue $1.6B (+5% year over year), operating margin 10.5%, net earnings $97.3M, operating cash flow $72.3M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 10.5% | 8.8% | +1.7 pts |
| Net margin | 6.1% | 4.9% | +1.2 pts |
| Free cash flow margin | 3.2% | -8.3% | +11.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Commercial Aerospace | $954M | $950M | $3.3M | +0.4% |
| Business Aviation | $316M | $339M | −$22.5M | -7% |
| Military and Helicopter | $273M | $275M | −$2.3M | -0.8% |
| Other | $56.7M | $62.4M | −$5.7M | -9% |
| Revenue | $1.6B | $1.6B | −$27.2M | -2% |
| Operating profit | $168M | $143M | $25.4M | +18% |
| Costs & expenses | $1.4B | $1.5B | −$52.5M | -4% |
| Pre-tax earnings | $127M | $105M | $22.3M | +21% |
| Other expense, net | $41.3M | $38.2M | $3.1M | +8% |
| Cost of revenue | $1.3B | $1.4B | −$56.6M | -4% |
| SG&A | $75.6M | $71.9M | $3.7M | +5% |
| Other operating costs | $24.7M | $24.3M | $366K | +2% |
| Net earnings | $97.3M | $79.9M | $17.3M | +22% |
| Income tax | $29.9M | $25.0M | $4.9M | +20% |
| Depreciation & amortization | $47.0M | $46.5M | $582K | +1% |
| Share-based compensation | $6.3M | $3.5M | $2.8M | +81% |
| Working capital & other | $78.3M | $249M | −$171M | -69% |
| Operating cash flow | $72.3M | −$120M | $192M | — |
| Free cash flow (OCF − capex) | $51.3M | −$135M | $186M | — |
| Capital expenditures | $21.1M | $15.6M | $5.5M | +35% |
Questions
How much did StandardAero's revenue grow quarter over quarter in Q2 2026?
StandardAero's revenue fell $27.2M (-2%) from $1.6B in Q1 2026 to $1.6B in Q2 2026.
What drove StandardAero's revenue change in Q2 2026?
Business Aviation −$22.5M (-7%); Other −$5.7M (-9%); Commercial Aerospace +$3.3M (+0.4%).