Loar Holdings Inc. LOAR
We specialize in the design, manufacture, and sale of niche aerospace and defense components that are essential for today's aircraft and aerospace and defense systems. Our focus on mission-critical, highly engineered solutions with high-intellectual property content resulted in approximately 89% of our 2025 net sales being derived from proprietary products where we believe we hold market-leading positions. Furthermore, our products have significant aftermarket exposure, which has historically generated predictable and recurring revenue. We estimate that approximately 55% of our 2025 net sales were derived from aftermarket products.
The products we manufacture cover a diverse range of applications supporting nearly every major aircraft platform in use today and include auto throttles, lap-belt airbags, two- and three-point seat belts, water purification systems, fire barriers, polyimide washers and bushings, latches, interior securing devices, hold-open and tie rods, temperature and fluid sensors and switches, carbon and metallic brake discs, fluid and pneumatic-based ice protection, RAM air components, sealing solutions and motion and actuation devices, customized edge-lighted panels and knobs and annunciators for incandescent and LED illuminated pushbutton switches, high-performance fans and cooling devices, lighting, Human-Machine Interface products, and bespoke lighting systems, among others. We primarily serve three core end markets: commercial, business jet and general aviation, and defense, which have long historical track records of consistent growth. We also serve a diversified customer base within these end markets where we maintain long-standing customer relationships. We believe that the demanding, extensive and costly qualification process for new entrants, coupled with our history of consistently delivering exceptional solutions for our customers, has provided us with leading market positions and created significant barriers to entry for potential competitors. By utilizing differentiated design, engineering, and manufacturing capabilities, along with a highly targeted acquisition strategy, we have sought to create long-term, sustainable value with a consistent, global business model.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Foreign countries
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $354.8M | $277.4M | $213.7M |
| Foreign countries | $141.5M | $125.4M | $103.8M |
As the company reported it, from the “Organization - Summary of Net sales by geographic area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $496.3M | $402.8M | $317.5M | — |
| Cost of revenue | $235.0M | $204.0M | $163.2M | — |
| Gross profit | $261.3M | $198.8M | $154.3M | — |
| R&D | $13.1M | $8.8M | $6.3M | — |
| SG&A | $143.6M | $112.3M | $82.1M | — |
| Operating income | $106.2M | $87.6M | $69.5M | — |
| Interest expense | $25.7M | $52.1M | $67.1M | — |
| Pre-tax income | $80.6M | $29.1M | $2.4M | — |
| Income tax | $8.4M | $6.8M | $7.1M | — |
| Net income | $72.1K | $22.2K | -$4.6M | — |
| EPS, basic | 0.77 | 0.25 | -22,620.18 | — |
| EPS, diluted | 0.75 | 0.24 | -22,620.18 | — |
| Shares, diluted (wtd. avg.) | 95,893 | 91,684 | 204 | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $84.8M | $54.1M | $21.5M | — |
| Receivables | $88.0M | $63.8M | $59.0M | — |
| Inventory | $109.0M | $92.6M | $78.0M | — |
| Total current assets | $298.5M | $220.7M | $170.7M | — |
| Property, plant and equipment | $82.5M | $76.6M | $72.2M | — |
| Goodwill | $1.01B | $693.5M | $470.9M | $442.0M |
| Other intangibles | $606.4M | $434.7M | $316.5M | — |
| Total assets | $2.03B | $1.45B | $1.05B | — |
| Accounts payable | $18.6M | $12.1M | $12.9M | — |
| Short-term debt | $4.4M | $0 | $6.9M | — |
| Total current liabilities | $63.5M | $41.8M | $51.5M | — |
| Long-term debt | $711.3M | $277.3M | $528.6M | — |
| Total liabilities | $855.1M | $362.1M | $632.3M | — |
| Retained earnings | $51.6M | -$20.6M | — | — |
| Total equity | $1.17B | $1.09B | $418.1M | $422.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | $112.3M | $55.0M | $12.8M | — |
| Depreciation and amortisation | $11.9M | $11.2M | $9.9M | — |
| Stock-based compensation | $14.9M | $11.1M | $372.0K | — |
| Investing cash flow | -$520.9M | -$392.1M | -$72.6M | — |
| Financing cash flow | $439.2M | $370.0M | $45.7M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-153469.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | — | $317.5M | $402.8M | $496.3M |
| Gross profit | — | $154.3M | $198.8M | $261.3M |
| Net income | — | -$4.6M | $22.2K | $72.1K |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Material agreement signed Item 1.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Acquisition or disposal completed Item 2.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- New debt or obligation Item 2.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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| CVU | CPI AEROSTRUCTURES INC | $64.4M | — | -14.6% |
| AIRI | AIR INDUSTRIES GROUP | $12.6M | — | -13.0% |
| EH | EHang Holdings Ltd | — | — | -4.4% |