olivLaw · US equity research
Loar Holdings Inc. LOAR
Aircraft Parts & Auxiliary Equipment, NEC · SIC 3728 · Vertical: Aircraft Parts & Auxiliary Equipment, NEC (SIC 3728)
Loar Holdings designs and makes niche aerospace and defense components, with a high share of proprietary products and aftermarket parts that generate revenue over the life of aircraft. The company grew net sales to 496.3 million USD in 2025 and in August 2026 raised its 2026 sales outlook to 665–675 million USD, supported by strong demand and recent acquisitions.
At the close of 04 Nov 2026, Loar Holdings Inc. (LOAR) stock was 69.72 USD (+1.90% on the day), with market capitalisation 6.5 bn USD, P/E 0.5 on diluted EPS of 131.14 USD over the last 12 months, beta 1.31, 52-week range 53.75–81.29 USD. Latest reported quarter (Q2 2026): revenue of 171.6 m USD (+39.4% YoY), net income of 16.7 m USD (+0.2% YoY), diluted EPS 0.18 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 63.9
- strong (55–70)
- Bollinger (20, 2)
- 58.41 – 68.24
- above the upper band · %B 1.15 · band width 15.5%
- SMA 50 / 200
- 64.71 / 66.44
- mixed trend
- MACD (12, 26, 9)
- 0.75 / -0.23
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +11.8% | −2.0% | +13.8 pp | — |
| 3 months | −7.9% | −2.2% | −5.7 pp | — |
| 6 months | +12.8% | +4.3% | +8.5 pp | — |
| Year to date | +2.5% | +10.6% | −8.0 pp | — |
| 1 year | −8.4% | +10.5% | −18.8 pp | +8.2% |
| 3 years | unavailable | +73.7% | unavailable | +64.0% |
| 5 years | unavailable | +61.7% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 103.5 m | 110.4 m | 114.7 m | 123.1 m | 126.8 m | 131.8 m | 156.1 m | 171.6 m |
| Cost of revenue | 50.6 m | 56.5 m | 55.0 m | 56.9 m | 60.0 m | 63.1 m | 76.8 m | 80.4 m |
| Gross profit | 52.9 m | 54.0 m | 59.7 m | 66.2 m | 66.8 m | 68.6 m | 79.2 m | 91.2 m |
| SG&A | 30.2 m | 31.9 m | 33.1 m | 36.9 m | 35.8 m | 37.9 m | 44.5 m | 46.5 m |
| Operating income | 22.8 m | 21.2 m | 26.1 m | 27.3 m | 29.0 m | 23.8 m | 33.5 m | 41.9 m |
| Interest expense | 10.0 m | 13.8 m | 6.5 m | 6.5 m | 6.0 m | 6.7 m | 18.7 m | 20.0 m |
| Pre-tax income | 12.9 m | 2.6 m | 19.7 m | 20.8 m | 23.0 m | 17.0 m | 14.8 m | 21.8 m |
| Income tax | 4.2 m | -1.0 m | 4.4 m | 4.1 m | -4.6 m | 4.5 m | 3.7 m | 5.1 m |
| Net income | 8.7 m | 3.7 m | 15.3 m | 16.7 m | 27.6 m | 12.5 m | 11.1 m | 16.7 m |
| Diluted EPS | 0.09 | 39.02 ≈ | 0.16 | 0.17 | 0.29 | 130.55 ≈ | 0.12 | 0.18 |
| Operating cash flow | 16.3 m ≈ | 20.7 m | 28.4 m | 23.8 m ≈ | 29.7 m ≈ | 30.4 m | 30.9 m | 30.3 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 56 percentile of its own 9-quarter history (min 0.0, median 0.5, max 2.2; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 317.5 m | 402.8 m | 496.3 m |
| Revenue YoY | unavailable | +26.9% | +23.2% |
| Net income | -4.6 m | 22.2 m | 72.1 m |
| Net income YoY | unavailable | unavailable | +224.5% |
| Diluted EPS | -22,620.18 | 0.24 | 0.75 |
| Diluted EPS YoY | unavailable | unavailable | +212.5% |
| net % | -1.5% | 5.5% | 14.5% |
| Free cash flow | unavailable | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 84.8 m USD
- Financial debt
- 715.7 m USD
- Net debt
- 630.9 m USD
- Equity
- 1.2 bn USD
- Total assets
- 2.0 bn USD
- Debt / equity
- 0.61x
- Current ratio
- 4.70x
- ROE
- 6.4%
- ROA
- 4.1%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 317.5 m | 402.8 m | 496.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Cost of revenue | 163.2 m | 204.0 m | 235.0 m | SEC (XBRL)· 02 Mar 2026verified |
| Gross profit | 154.3 m | 198.8 m | 261.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Research & development | 6.3 m | 8.8 m | 13.1 m | SEC (XBRL)· 02 Mar 2026verified |
| SG&A | 82.1 m | 112.3 m | 143.6 m | SEC (XBRL)· 02 Mar 2026verified |
| Operating income | 69.5 m | 87.6 m | 106.2 m | SEC (XBRL)· 02 Mar 2026verified |
| Interest expense | 67.1 m | 52.1 m | 25.7 m | SEC (XBRL)· 02 Mar 2026verified |
| Pre-tax income | 2.4 m | 29.1 m | 80.6 m | SEC (XBRL)· 02 Mar 2026verified |
| Income tax | 7.1 m | 6.8 m | 8.4 m | SEC (XBRL)· 02 Mar 2026verified |
| Net income | -4.6 m | 22.2 m | 72.1 m | SEC (XBRL)· 02 Mar 2026verified |
| Diluted EPS | -22,620.18 | 0.24 | 0.75 | SEC (XBRL)· 02 Mar 2026verified |
| Weighted average diluted shares | 204 | 91.7 k | 95.9 k | SEC (XBRL)· 02 Mar 2026verified |
Balance sheet · USD
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 21.5 m | 54.1 m | 84.8 m | SEC (XBRL)· 02 Mar 2026verified |
| Receivables | 59.0 m | 63.8 m | 88.0 m | SEC (XBRL)· 02 Mar 2026verified |
| Inventories | 78.0 m | 92.6 m | 109.0 m | SEC (XBRL)· 02 Mar 2026verified |
| Current assets | 170.7 m | 220.7 m | 298.5 m | SEC (XBRL)· 02 Mar 2026verified |
| Property, plant & equipment, net | 72.2 m | 76.6 m | 82.5 m | SEC (XBRL)· 02 Mar 2026verified |
| Goodwill | 470.9 m | 693.5 m | 1.0 bn | SEC (XBRL)· 02 Mar 2026verified |
| Intangibles (excl. goodwill) | 316.5 m | 434.7 m | 606.4 m | SEC (XBRL)· 02 Mar 2026verified |
| Total assets | 1.1 bn | 1.5 bn | 2.0 bn | SEC (XBRL)· 02 Mar 2026verified |
| Accounts payable | 12.9 m | 12.1 m | 18.6 m | SEC (XBRL)· 02 Mar 2026verified |
| Short-term debt | 6.9 m | 0 | 4.4 m | SEC (XBRL)· 02 Mar 2026verified |
| Long-term debt | 528.6 m | 277.3 m | 711.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Current liabilities | 51.5 m | 41.8 m | 63.5 m | SEC (XBRL)· 02 Mar 2026verified |
| Total liabilities | 632.3 m | 362.1 m | 855.1 m | SEC (XBRL)· 02 Mar 2026verified |
| Equity | 418.1 m | 1.1 bn | 1.2 bn | SEC (XBRL)· 02 Mar 2026verified |
Cash flow · USD
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 12.8 m | 55.0 m | 112.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Investing cash flow | -72.6 m | -392.1 m | -520.9 m | SEC (XBRL)· 02 Mar 2026verified |
| Financing cash flow | 45.7 m | 370.0 m | 439.2 m | SEC (XBRL)· 02 Mar 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 37.5% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 6.5 bn USD
Key indicators
Coverage and freshness
Score by group
38% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 2,234.23 – 4,438.54 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E2,234.23 – 4,438.54 (Mid 3,988.17)5 companies used · median multiple 30.4x · quartiles 17.0x – 33.8xATRO, CVU, PKE, PRZO, TDG
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 37.5% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 6.8% | 50 (vs peers) | 28% |
| Net margin · Quality | 11.6% | 80 (vs peers) | 17% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 2.5x | 15 (on a fixed band) | 17% |
| Current ratio · Balance sheet | 4.9x | 100 (on a fixed band) | 11% |
| P/E (TTM) · Valuation | 0.5x | 100 (vs peers) | 28% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet49/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality61/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial100/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Loar Holdings Inc. (LOAR). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 496.3 m USD in 2025; YoY growth 23.2%; net margin 11.6%; ROE 5.8%.
The estimated value range is 2,234.23–4,438.54 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 3,988.17 USD, the price of 69.72 USD leaves a potential of 5,620.3% (value / price − 1) and a margin of safety of 98.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 37.5% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 11.6%
- Current ratio: 4.9x
- P/E (TTM): 0.5x
- The price is below the estimated value range
What contradicts it
- Interest coverage: 2.5x
Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Aircraft Parts & Auxiliary Equipment, NEC (SIC 3728) · same industry (4-digit SIC) · compared with 10 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| TDGTransDigm Group Incorporated | 66.8 bn | 33.8 | — | 21.3% | +11.2% | −11% / +25% |
| ESLTElbit Systems Ltd | 32.7 bn | 61.8 | 14.4% | 6.7% | +16.3% | +50% / +248% |
| LOARLoar Holdings Inc. | 6.5 bn | 0.5 | 5.8% | 11.6% | +23.2% | −8% / unavailable |
| KRMNKarman Holdings Inc. | 4.5 bn | 118.5 | 9.5% | 6.3% | +36.6% | −49% / unavailable |
| DCODucommun Incorporated | 2.4 bn | — | -3.0% | -2.4% | +4.9% | +70% / +210% |
| ATROAstronics Corporation | 1.9 bn | 30.4 | 33.7% | 8.4% | +8.4% | +32% / +385% |
| PKEPark Aerospace Corp. | 544.8 m | 34.4 | 11.1% | 18.4% | +18.2% | +28% / +64% |
| CVUCpi Aerostructures, Inc. | 64.0 m | 17.0 | 14.4% | 5.1% | −14.6% | +72% / +104% |
| AIRIAir Industries Group | 12.5 m | — | -10.6% | -3.8% | −13.0% | −14% / −11% |
| PRZOParaZero Technologies Ltd. | 9.8 m | 1.6 | -380.5% | -517.1% | +12.3% | −66% / −34% |
| EHEHang Holdings Limited | — | — | -27.8% | -66.0% | −4.4% | −71% / −77% |
1- and 3-year price returns: for LOAR from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 0.25 Total return -100% · Per year -100% | 0.44 Total return -99% · Per year -99% | 0.67 Total return -99% · Per year -99% |
| 3 years | 0.30 Total return -100% · Per year -84% | 0.59 Total return -99% · Per year -80% | 0.96 Total return -99% · Per year -76% |
| 5 years | 0.35 Total return -99% · Per year -65% | 0.78 Total return -99% · Per year -59% | 1.38 Total return -98% · Per year -54% |
- Exit P/E± 0.15
- Net margin± 0.10
- Annual revenue growth± 0.08
- Annual dilution± 0.01
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Loar Holdings designs and makes niche aerospace and defense components, with a high share of proprietary products and aftermarket parts that generate revenue over the life of aircraft. The company grew net sales to 496.3 million USD in 2025 1 and in August 2026 raised its 2026 sales outlook to 665–675 million USD 3, supported by strong demand and recent acquisitions 13.
SWOT
Strengths
- A large portfolio of proprietary products and market positions the company considers leading in its niches.
- A high share of recurring aftermarket revenue with historically higher margins.
- A track record of integrating acquisitions, which the company says has been successful for most deals.
Weaknesses
- Reliance on a small number of large customers, with the two largest making up an important part of sales.
- Higher debt and interest costs after acquisitions, which can reduce net income.
- Exposure to fixed-price contracts that can leave the company with unrecovered cost increases.
Opportunities
- Opportunities from new orders and the sales pipeline, which the company says it can convert into revenue.
- Possible further acquisitions in a fragmented market with many targets.
- Expansion into private aviation and military modernization programs.
Threats
- Cuts to government budgets or shifts in defense priorities could reduce demand.
- Inflation and component shortages can affect margins and deliveries.
- Drops in aircraft production or sales to manufacturers can quickly reduce revenue.
Risks
- Customer concentrationhigh
Two large customers make up an important part of sales, and a cut in purchases by one of them could affect results.
- Acquisition riskhigh
If integration fails or targets underperform, the value created could be lower than expected.
- Financing and debtmedium
Debt-funded acquisitions can raise interest costs and reduce financial flexibility.
- Aviation sector cyclicalitymedium
Downturns in the aviation industry can reduce sales to aircraft manufacturers and affect results.
- Workforce and supplymedium
A shortage of skilled staff or materials could delay production and deliveries.
Investment thesis
What would need to be true (bull case)
- If demand in the commercial and defense segments stays strong, the company could convert orders into revenue quickly, and high margins could support solid results.
- A large share of aftermarket and proprietary products could provide recurring revenue and some protection from competition.
- Experience in acquisitions and integration could allow further growth in capacity and revenue over time.
What would break the thesis
- Higher debt and interest costs could limit net income and flexibility for further acquisitions.
- If defense budgets or private aviation demand slow, the announced growth could be slower than expected.
What to watch
- Delivery against the revised net sales outlook of 665–675 million USD2026
- Development of the Adjusted EBITDA margin, expected at about 40%Q3 2026
- Conversion of the sales pipeline into orders and revenue2027
- Effect of interest expense on net incomenext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Loar designs, manufactures and sells niche aerospace and defense components that are essential to aircraft and military systems, focusing on mission-critical engineered solutions 1. About 89% of 2025 net sales came from proprietary products, where the company believes it holds market-leading positions 1. Roughly 55% of 2025 sales came from aftermarket products, which the company describes as recurring revenue over the life of platforms 1.
Segments
Commercial
The commercial segment, the largest, represented about 45% of 2025 net sales, and the company points to demand for new aircraft programs and aftermarket parts 1.
Business jet and general aviation
This segment accounted for about 25% of 2025 sales and benefits from business models that make private aviation more accessible, such as charter and fractional ownership 1.
Defense
Defense accounted for about 25% of 2025 sales, and the company links demand to global defense spending and the U.S. Department of Defense budget 1.
Market context
The aerospace and defense component market is highly fragmented with few scaled competitors, and the company says its proprietary products and qualification barriers protect its position 1. In the second quarter of 2026 the company reported net sales of 171.6 million USD, up 39.4% 3, and an Adjusted EBITDA margin of 40.5% 3.
Trends
- Growing air travel and fleetstailwind
Growth in the global number of aircraft in service and in travel demand could support long-term aftermarket parts demand, as the company describes 1.
- Higher defense spendingtailwind
Geopolitical tensions could lead to higher defense spending, which the company expects to continue and which would support its military segment 1.
- Inflation and supply chain pressureheadwind
The company flags component shortages and cost pressures that could weigh on margins, although management says the effect on its outlook is not expected to be material 12.
- Cyclicality of aircraft manufacturer salesmixed
Sales to commercial and business jet manufacturers have historically been cyclical, which can make revenue more volatile during downturns 1.
Competitive position
The company says it operates in a fragmented market, competing with divisions of large corporations and small private firms with specialized capabilities 1. It differentiates on engineering, capacity, responsiveness to customers and product qualification, which creates barriers to entry 1.
- Divisions of large aerospace component corporations
The sources do not name individual competitors; the company only describes competition from divisions of large corporations.
- Small private companies with niche capabilities
The company mentions small, unlisted competitors with singular capabilities and limited capacity to scale.
- Tier 1 and Tier 2 suppliers
The company also sells to Tier 1 and Tier 2 suppliers, so some of them can be competitors in specific products.
- Suppliers with similar products on specific platforms
The sources indicate competition varies by product and application without naming specific entities.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Quarterly report06 Aug 2026
- Current report06 Aug 2026Results of operations · Financial statements and exhibits
- Current report04 Jun 2026Shareholder vote
- Quarterly report07 May 2026
- Current report07 May 2026Results of operations · Financial statements and exhibits
- Proxy statement14 Apr 2026
- Annual report02 Mar 2026
- Current report26 Feb 2026Results of operations
- Current report (amendment)29 Dec 2025Material agreement · Acquisition or disposition of assets · Creation of a direct financial obligation · Regulation FD disclosure · Financial statements and exhibits
- Current report29 Dec 2025Material agreement · Acquisition or disposition of assets · Creation of a direct financial obligation · Regulation FD disclosure · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Loar Holdings Inc. · 02 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Loar Holdings Inc. · 06 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Loar Holdings Inc. · 06 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.