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StandardAero vs Heico: SARO and HEI compared
StandardAero is the larger company: $1.6B of revenue in its latest quarter (Q3 2026) against $1.4B for Heico (Q3 FY26). Heico is growing faster (+23% against +4% a year earlier). Heico is more profitable, with an operating margin of 25.1% against 10.3%.
Where the money goes: SARO and HEI
StandardAero (SARO) · Q3 2026
StandardAero, Q3 2026: revenue $1.6B (+4% year over year), operating margin 10.3%, net earnings $92.8M, operating cash flow $129M. The chart follows the revenue to costs, profit and cash.
Heico (HEI) · Q3 FY26
Heico, Q3 FY26: revenue $1.4B (+23% year over year), operating margin 25.1%, net earnings $235M, operating cash flow $345M. The chart follows the revenue to costs, profit and cash.
| StandardAero (SARO) | Heico (HEI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $1.6B | $1.4B |
| Revenue growth, Y/Y | +4% | +23% |
| Operating margin | 10.3% | 25.1% |
| Net earnings | $92.8M | $235M |
| Net margin | 6.0% | 16.7% |
| Operating cash flow | $129M | $345M |
| Free cash flow | $98.2M | $323M |
| Market value | $9.0B | $47.2B |
| P/E | 25.9× | 51.7× |
| Analysts’ mean target | $33.96 | $390.70 |
Where the revenue comes from
StandardAero
- Commercial Aerospace: $860M (55%)
- Business Aviation: $348M (22%)
- Military and Helicopter: $293M (19%)
- Other: $56.4M (4%)
Questions
Which is bigger, StandardAero or Heico?
StandardAero is the larger company: $1.6B of revenue in its latest quarter (Q3 2026) against $1.4B for Heico (Q3 FY26).
Is StandardAero or Heico growing faster?
Heico is growing faster (+23% against +4% a year earlier).
Which is more profitable, StandardAero or Heico?
Heico is more profitable, with an operating margin of 25.1% against 10.3%.
More: StandardAero earnings · how StandardAero makes money · Heico earnings · how Heico makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Aug 27, 2026). Fiscal quarters can end on different dates. Not investment advice.