Loar Holdings Inc. (LOAR)

Key figures

The last twelve months reported, with the latest price and balance sheet.

Revenue, last twelve months

$586.2M

Revenue growth

29.8%

Net income, last twelve months

$68.0M

Earnings per share

$0.72

Gross margin

52.2%

Operating margin

21.9%

Net margin

11.6%

Free cash flow

$106.0M

Return on equity

5.7%

Market value

$5.7B

Price to earnings

85.0x

Cash

$122.4M

Debt

$949.3M

Debt to equity

0.79

Shares outstanding

93.7M

Financial statements

Revenue, profit and cash flow by fiscal year, each year linked to its annual report.

By quarter

What the company said with its results

From the second quarter of 2026 results, filed 6 August 2026.

• Net sales rose 39.4% in quarter. Net sales were $171.6 million, up $48.5 million or 39.4% from the prior year quarter. Year-to-date net sales were $327.7 million, up 37.8%.
• Organic sales grew 12.3%. Net organic sales, which exclude acquisitions, rose 12.3% or $15.1 million to $138.3 million in the quarter. Year-to-date organic sales rose 11.9%.
• Adjusted EBITDA rose 47.4%. Adjusted EBITDA was $69.4 million in the quarter, up $22.3 million. Year-to-date Adjusted EBITDA was $132.7 million, up 47.0%.
• Adjusted EPS rose to $0.38. Adjusted EPS was $0.38 against $0.31, up 22.6%. Diluted EPS was $0.18 against $0.17; year-to-date diluted EPS was $0.29 against $0.33.
• Commercial aftermarket sales grew. Total commercial aftermarket sales were $59.4 million against $47.1 million. Commercial aerospace aftermarket was $46.3 million against $34.8 million.
• Commercial OEM sales rose. Total commercial OEM sales were $57.5 million against $37.3 million, led by commercial aerospace OEM at $37.2 million against $19.4 million.
• Defense sales increased. Total defense sales were $45.0 million against $31.5 million. Defense OEM was $27.0 million against $14.3 million; defense aftermarket was $18.1 million against $17.1 million.
• Business jet sales increased. Business jet and general aviation sales were $33.4 million against $30.2 million, with OEM at $20.3 million against $17.9 million.
• About $750 million pipeline. Management said the pipeline totals about $750 million and that initial orders from it give visibility to about $200 million of revenue over five years.
• Demand credited for above-expectation results. Management attributed first-half results above its expectations to demand across end-markets and conversion of the new business pipeline.
• Aftermarket growth assumed low-double digits. The full-year assumption for commercial, business jet and general aviation aftermarket growth is low-double digits, unchanged from the prior quarter.
• Adjusted EBITDA margin reached 40.5%. Adjusted EBITDA Margin was 40.5% against 38.3%. Management attributed the increase to execution of strategic value drivers and the accretive effect of higher sales.
• Gross profit rose with sales. Gross profit was $91.2 million against $66.2 million. Cost of sales was $80.4 million against $56.9 million.
• Operating expenses increased. Selling, general and administrative expenses were $46.5 million against $36.9 million. Transaction expenses were $1.6 million against $2.0 million.

Company events

The newest 8-K filings of 22 held.

Every filing

The newest filings with the SEC of 67 held.

Insider trades

Form 4 trades by officers, directors and 10% owners, last 12 months.

Planned insider sales

Form 144 notices, filed when the sell order goes to the broker.

Large holders

Schedule 13D and 13G filings by holders of more than 5% of the voting shares.

Short interest

Shares sold short and not yet bought back, on each FINRA settlement date.

Funds that hold it

From each fund's latest Form 13F.

321 funds held it at 30 Jun 2026: 162 added and 83 trimmed in the quarter. The largest:

Peers

Companies in the same industry.

• TransDigm Group Inc. (TDG): revenue $10.0B, market value $62.9B
• Karman Holdings Inc. (KRMN): revenue $589.6M, market value $5.0B
• Ducommun Inc. (DCO): revenue $865.1M, market value $2.5B

What the company does

Loar Holdings Inc. designs, manufactures and sells niche aerospace and defense components for aircraft and for aerospace and defense systems. Its products support nearly every major aircraft platform in use today. About 89% of its 2025 net sales came from proprietary products, and about 55% came from aftermarket products. At 31 December 2025 it had approximately 1,700 full-time, part-time and temporary employees. Since 2012 it has carried out 20 acquisitions, including Harper Engineering in January 2026.

What it sells

It includes auto throttles, lap-belt airbags, two- and three-point seat belts, water purification systems, fire barriers, polyimide washers and bushings, latches, interior securing devices, and hold-open and tie rods. It also includes 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. Further lines are edge-lighted panels, illuminated pushbutton switches, high-performance fans and cooling devices, lighting, Human-Machine Interface products and bespoke lighting systems. The products are used in aircraft interiors, exteriors and engines. The company focuses on parts that make up a relatively small portion of the total cost of an aircraft.

Who buys from it

Loar sells to aircraft manufacturers (OEMs), Tier 1 and Tier 2 suppliers, and airlines. By end market, 2025 net sales were 45% commercial, 25% business jet and general aviation, 25% defense and 5% non-aviation. By channel they were 45% OEM and 55% aftermarket.

Sales are spread across customers and platforms. No customer made up more than 12% of 2025 net sales, and the top five made up 32%. No aircraft platform represented more than 7%, and the top six platforms were less than 22%. The top two are the Airbus 320 family and the Boeing 737 family. Sales to United States Government agencies were about 2% of net sales, and the company also sells directly to the government of Germany.

Why the aftermarket matters

The platforms it serves can have a total life of up to 50 years. It estimates that its addressable market includes more than 84,000 discrete aircraft across more than 250 total aircraft platforms. Qualification can often take years and involves multiple tests that need support from both the system supplier and the OEM. The company says that this makes it uneconomical for OEMs to repeat the process once a supplier is qualified, and that it is often the only supplier of these products in the aftermarket.

How it grows through acquisitions

Loar has completed 20 acquisitions since 2012 and says it has integrated 18 of them. The most recent were Beadlight (illumination, air filtration and Human-Machine Interface products, made in Witney, England) in July 2025 and LMB Fans & Motors in December 2025. LMB was founded over 60 years ago and provides 2,000+ unique fans, blowers, motors and specialized rotating machines. On 21 January 2026 it bought Harper Engineering, founded in 1968, which makes mechanically engineered devices for aircraft interiors and holds a proprietary portfolio of latching and securing mechanisms.

The company screens targets for aerospace and defense focus, proprietary content or processes, aftermarket exposure, niche products, cross-selling potential and long-standing customer relationships. It keeps each acquired brand. Executive Vice Presidents are responsible for multiple brands and work with local brand leaders. The company states a target of doubling an acquired business's Adjusted EBITDA over a three-to-five-year period after acquisition.

Competition and regulation

The market for aerospace and defense components is fragmented. Competitors range from divisions of large public corporations to small privately held companies with a single capability. Loar says it competes mainly on engineering, capabilities, capacity and customer responsiveness.

Its components must be certified by regulators such as the FAA, the European Union Aviation Safety Agency, the UK Civil Aviation Authority and the Civil Aviation Administration of China. Military aircraft components are governed by military quality specifications. The company is also subject to trade rules including the Arms Export Control Act, the International Traffic in Arms Regulations and the Export Administration Regulations. It buys raw materials and component parts from various suppliers and says most are available from multiple sources.

Intellectual property and people

Loar owns 130 issued patents, which expire between 28 September 2026 and 12 February 2040. It has 19 pending or published patents not yet issued, and 202 submitted trademark applications, of which 201 have been issued.

Of its employees, approximately 135 full-time and part-time employees are represented by labor unions. Members of the management team hold approximately 10% of the common stock outstanding as of 31 December 2025.

*From Loar's annual report on Form 10-K for the year ended 31 December 2025. [The filing](https://www.sec.gov/Archives/edgar/data/2000178/000200017826000003/ck0002000178-20251231.htm)*

From the company's 10-K.