Loar Holdings Inc. (LOAR) 10-Year Financial Performance & Capital Metrics

LOAR • • Industrial / General

IndustrialsAerospace & DefenseAerospace Components & SubsystemsStructural Components & Composites

AboutLoar Holdings, Inc. engages in the design, manufacture, and sale of niche aerospace and defense components for aircraft, aerospace and defense systems. The company was founded on August 21, 2017 and is headquartered in White Plains, NY.Show more

Revenue $403M +26.9%
EBITDA $131M +21.6%
Net Income $22M +581.7%
EPS (Diluted) 0.24 +558.0%
Gross Margin 49.36% +1.6%
EBITDA Margin 32.45% -4.2%
Operating Margin 21.75% -0.6%
Net Margin 5.52% +479.7%
ROE 2.95% +368.6%
ROIC 5.81% +1.7%
Debt/Equity 0.26 -79.8%
Interest Coverage 1.68 +62.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

✗Weak 3Y average ROE of 0.4%
✗Thin 5Y average net margin of 1.0%
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM25.38%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM252.31%

EPS CAGR

10Y-

5Y-

3Y-

TTM231.57%

ROCE

10Y Avg6.17%

5Y Avg6.17%

3Y Avg6.17%

Latest7.28%

Peer Comparison

Structural Components & Composites

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LOARLoar Holdings Inc.	6.84B	73.09	304.54	26.88%	13.33%	5.46%	0.67%	0.26
PKEPark Aerospace Corp.	501.33M	25.16	86.76	10.75%	13.14%	8.14%	0.76%	0.00
BWXTBWX Technologies, Inc.	19.5B	213.25	69.46	8.31%	10.04%	24.74%	1.31%	0.98
DCODucommun Incorporated	1.7B	113.92	54.25	3.9%	-4.29%	-5.33%	1.18%	0.40
GEGE Aerospace	337.48B	319.94	53.41	9.49%	18.33%	42.38%	1.09%	1.04
HXLHexcel Corporation	6.71B	84.26	52.99	6.37%	3.67%	4.39%	3.02%	0.48
CVUCPI Aerostructures, Inc.	55.11M	4.18	16.08	-6.23%	-0.79%	-2.26%	5.72%	0.79
SPRSpirit AeroSystems Holdings, Inc.	4.64B	39.50	-2.16	4.44%	-40.65%

Profit & Loss

	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	239.43M	317.48M	402.82M
Revenue Growth %	-	0.33%	0.27%
Cost of Goods Sold+	127.93M	163.21M	203.99M
COGS % of Revenue	0.53%	0.51%	0.51%
Gross Profit+	111.5M	154.26M	198.82M
Gross Margin %	0.47%	0.49%	0.49%
Gross Profit Growth %	-	0.38%	0.29%
Operating Expenses+	72.04M	84.77M	111.19M
OpEx % of Revenue	0.3%	0.27%	0.28%
Selling, General & Admin	37.99M	49.36M	73.6M
SG&A % of Revenue	0.16%	0.16%	0.18%
Research & Development	4.2M	6.28M	8.78M
R&D % of Revenue	0.02%	0.02%	0.02%
Other Operating Expenses	29.85M	29.13M	28.81M
Operating Income+	39.46M	69.49M	87.63M
Operating Margin %	0.16%	0.22%	0.22%
Operating Income Growth %	-	0.76%	0.26%
EBITDA+	73.42M	107.52M	130.7M
EBITDA Margin %	0.31%	0.34%	0.32%
EBITDA Growth %	-	0.46%	0.22%
D&A (Non-Cash Add-back)	33.96M	38.02M	43.07M
EBIT	39.46M	69.49M	81.17M
Net Interest Income+	-42.07M	-67.05M	-52.11M
Interest Income	0	0	0
Interest Expense	42.07M	67.05M	52.11M
Other Income/Expense	-42.07M	-67.05M	-58.57M
Pretax Income+	-2.61M	2.44M	29.06M
Pretax Margin %	-0.01%	0.01%	0.07%
Income Tax+	-142K	7.05M	6.83M
Effective Tax Rate %	0.95%	-1.89%	0.76%
Net Income+	-2.47M	-4.62M	22.23M
Net Margin %	-0.01%	-0.01%	0.06%
Net Income Growth %	-	-0.87%	5.82%
Net Income (Continuing)	-2.47M	-4.62M	22.23M
Discontinued Operations	0	0	0
Minority Interest	0	0	0
EPS (Diluted)+	-0.03	-0.05	0.24
EPS Growth %	-	-0.63%	5.58%
EPS (Basic)	-0.03	-0.05	0.24
Diluted Shares Outstanding	77M	88M	91.68M
Basic Shares Outstanding	77M	88M	93.56M
Dividend Payout Ratio	-	-	-

Balance Sheet

	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	149.85M	170.68M	220.67M
Cash & Short-Term Investments	35.5M	21.49M	54.07M
Cash Only	35.5M	21.49M	54.07M
Short-Term Investments	0	0	0
Accounts Receivable	41.54M	59.4M	64.47M
Days Sales Outstanding	63.33	68.29	58.41
Inventory	61M	77.96M	92.64M
Days Inventory Outstanding	174.04	174.35	165.76
Other Current Assets	11.81M	11.83M	9.5M
Total Non-Current Assets+	844.67M	879.77M	1.23B
Property, Plant & Equipment	71.88M	80.92M	84.36M
Fixed Asset Turnover	3.33x	3.92x	4.78x
Goodwill	441.99M	470.89M	693.54M
Intangible Assets	322.66M	316.54M	434.66M
Long-Term Investments	0	0	0
Other Non-Current Assets	8.15M	11.42M	17.39M
Total Assets+	994.52M	1.05B	1.45B
Asset Turnover	0.24x	0.30x	0.28x
Asset Growth %	-	0.06%	0.38%
Total Current Liabilities+	38.41M	51.48M	41.81M
Accounts Payable	10.17M	12.88M	12.09M
Days Payables Outstanding	29.01	28.8	21.63
Short-Term Debt	5.04M	6.9M	0
Deferred Revenue (Current)	0	1000K	1000K
Other Current Liabilities	20.75M	23.3M	22.74M
Current Ratio	3.90x	3.32x	5.28x
Quick Ratio	2.31x	1.80x	3.06x
Cash Conversion Cycle	208.36	213.84	202.54
Total Non-Current Liabilities+	534.14M	580.82M	320.31M
Long-Term Debt	481.99M	528.58M	277.29M
Capital Lease Obligations	8.44M	9.2M	8.31M
Deferred Tax Liabilities	40.64M	36.78M	32.89M
Other Non-Current Liabilities	-5.37M	6.25M	1.82M
Total Liabilities	572.55M	632.3M	362.11M
Total Debt+	496.44M	545.48M	286.43M
Net Debt	460.95M	523.99M	232.37M
Debt / Equity	1.18x	1.30x	0.26x
Debt / EBITDA	6.76x	5.07x	2.19x
Net Debt / EBITDA	6.28x	4.87x	1.78x
Interest Coverage	0.94x	1.04x	1.68x
Total Equity+	421.97M	418.14M	1.09B
Equity Growth %	-	-0.01%	1.6%
Book Value per Share	5.48	4.75	11.87
Total Shareholders' Equity	421.97M	418.14M	1.09B
Common Stock	0	0	936K
Retained Earnings	0	0	-20.56M
Treasury Stock	0	0	0
Accumulated OCI	0	0	-96K
Minority Interest	0	0	0

Cash Flow

	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	13.27M	12.81M	54.97M
Operating CF Margin %	0.06%	0.04%	0.14%
Operating CF Growth %	-	-0.03%	3.29%
Net Income	-2.47M	-4.62M	22.23M
Depreciation & Amortization	33.96M	38.02M	43.07M
Stock-Based Compensation	1.53M	372K	11.1M
Deferred Taxes	-3.74M	-3.76M	-1.55M
Other Non-Cash Items	3.89M	4.06M	6.6M
Working Capital Changes	-19.9M	-21.27M	-26.48M
Change in Receivables	-8.53M	-13.73M	-2.1M
Change in Inventory	-6.19M	-11.17M	-12.05M
Change in Payables	1.23M	808K	-1.24M
Cash from Investing+	-181.83M	-72.56M	-392.13M
Capital Expenditures	-7.93M	-12.13M	-8.87M
CapEx % of Revenue	0.03%	0.04%	0.02%
Acquisitions	-	-	-
Investments	-	-	-
Other Investing	0	0	0
Cash from Financing+	135.31M	45.72M	370.02M
Debt Issued (Net)	-	-	-
Equity Issued (Net)	-	-	-
Dividends Paid	0	0	0
Share Repurchases	-	-	-
Other Financing	-1.61M	-1.06M	-8.88M
Net Change in Cash	-	-	-
Free Cash Flow+	5.34M	679K	46.1M
FCF Margin %	0.02%	0%	0.11%
FCF Growth %	-	-0.87%	66.89%
FCF per Share	0.07	0.01	0.50
FCF Conversion (FCF/Net Income)	-5.37x	-2.78x	2.47x
Interest Paid	39.6M	64.21M	52.05M
Taxes Paid	2.58M	5.04M	12.57M

Key Ratios

Metric	2022	2023	2024
Return on Equity (ROE)	-0.59%	-1.1%	2.95%
Return on Invested Capital (ROIC)	3.35%	5.71%	5.81%
Gross Margin	46.57%	48.59%	49.36%
Net Margin	-1.03%	-1.45%	5.52%
Debt / Equity	1.18x	1.30x	0.26x
Interest Coverage	0.94x	1.04x	1.68x
FCF Conversion	-5.37x	-2.78x	2.47x
Revenue Growth	-	32.59%	26.88%

Revenue by Segment

	2024
Commercial Aerospace	174.32M
Commercial Aerospace Growth	-
Defense	88.95M
Defense Growth	-
Product and Service, Other	30.35M
Product and Service, Other Growth	-

Frequently Asked Questions

Valuation & Price

Loar Holdings Inc. (LOAR) has a price-to-earnings (P/E) ratio of 304.5x. This suggests investors expect higher future growth.

Growth & Financials

Loar Holdings Inc. (LOAR) reported $475.0M in revenue for fiscal year 2024. This represents a 98% increase from $239.4M in 2022.

Loar Holdings Inc. (LOAR) grew revenue by 26.9% over the past year. This is strong growth.

Yes, Loar Holdings Inc. (LOAR) is profitable, generating $63.3M in net income for fiscal year 2024 (5.5% net margin).

Dividend & Returns

Loar Holdings Inc. (LOAR) has a return on equity (ROE) of 3.0%. This is below average, suggesting room for improvement.

Loar Holdings Inc. (LOAR) generated $92.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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