Revenue Recognition (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Revenue Recognition [Abstract] |
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| Summary of Total Revenue by Company's Segments |
The following table summarizes total revenue by the Company’s segments:
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Three months ended June 30, |
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Six months ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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(in thousands) |
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(in thousands) |
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Revenue: |
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Engine Services |
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$ |
1,405,084 |
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$ |
1,350,677 |
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$ |
2,852,228 |
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$ |
2,618,990 |
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Component Repair Services |
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194,609 |
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178,266 |
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$ |
374,322 |
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345,541 |
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Total revenue |
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$ |
1,599,693 |
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$ |
1,528,943 |
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$ |
3,226,550 |
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$ |
2,964,531 |
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| Summary of Revenue from Customers Contribution |
The following table presents revenues from customers that contributed to more than 10% of the Company's revenues:
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Three months ended June 30, |
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Six months ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Customer A |
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10.2 |
% |
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15.8 |
% |
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10.7 |
% |
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15.9 |
% |
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| Summary of Revenues from External Customers By End Market |
The following table presents revenues from external customers by end market:
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Three months ended June 30, |
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Six months ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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(in thousands) |
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(in thousands) |
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Commercial Aerospace |
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$ |
953,600 |
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$ |
901,912 |
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$ |
1,903,871 |
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$ |
1,754,948 |
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Military & Helicopter |
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273,028 |
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280,296 |
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548,355 |
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529,823 |
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Business Aviation |
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316,383 |
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299,685 |
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655,278 |
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582,978 |
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Other |
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56,682 |
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47,050 |
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119,046 |
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96,782 |
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$ |
1,599,693 |
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$ |
1,528,943 |
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$ |
3,226,550 |
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$ |
2,964,531 |
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| Schedule of Contract Assets and Contract Liabilities |
The following table provides information about contract assets and contract liabilities from contracts with customers:
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June 30, 2026 |
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December 31, 2025 |
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(in thousands) |
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Contract assets |
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$ |
1,202,955 |
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$ |
1,072,222 |
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Less: allowance for credit loss |
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(499 |
) |
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(519 |
) |
Contract assets, net |
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$ |
1,202,456 |
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$ |
1,071,703 |
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Contract liabilities |
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$ |
312,270 |
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$ |
411,321 |
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