Revenue growth accelerated to 36.1% in 2026Q1, though net margins experienced volatility, contracting to 7.1% from 21.8% in 2025Q3 due to acquisition-related accounting adjustments.
| Sales/Revenue | 537.71M | 496.28M | 402.82M | 317.48M | 239.43M |
| Revenue Growth % | 26.33% | 23.2% | 26.88% | 32.59% | - |
| Cost of Goods Sold | 264.37M | 234.96M | 203.99M | 163.21M | 127.93M |
| COGS % of Revenue | - | 47.34% | 50.64% | 51.41% | 53.43% |
| Gross Profit | 273.34M | 261.32M | 198.82M | 154.26M | 111.5M |
| Gross Margin % | 50.83% | 52.66% | 49.36% | 48.59% | 46.57% |
| Gross Profit Growth % | - | 31.43% | 28.89% | 38.35% | - |
| Operating Expenses | 145.23M | 142.07M | 111.19M | 84.77M | 72.04M |
| OpEx % of Revenue | - | 28.63% | 27.6% | 26.7% | 30.09% |
| Selling, General & Admin | 101.27M | 94.72M | 73.6M | 49.36M | 37.99M |
| SG&A % of Revenue | - | 19.09% | 18.27% | 15.55% | 15.87% |
| Research & Development | 14.56M | 13.05M | 8.78M | 6.28M | 4.2M |
| R&D % of Revenue | - | 2.63% | 2.18% | 1.98% | 1.76% |
| Other Operating Expenses | 3M | 34.3M | 28.81M | 29.13M | 29.85M |
| Operating Income | 128.11M | 119.25M | 87.63M | 69.49M | 39.46M |
| Operating Margin % | 23.82% | 24.03% | 21.75% | 21.89% | 16.48% |
| Operating Income Growth % | - | 36.09% | 26.11% | 76.1% | - |
| EBITDA | 185.59M | 170.25M | 130.7M | 107.52M | 73.42M |
| EBITDA Margin % | 34.51% | 34.31% | 32.45% | 33.87% | 30.66% |
| EBITDA Growth % | 34.48% | 30.26% | 21.57% | 46.45% | - |
| D&A (Non-Cash Add-back) | 57.48M | 51M | 43.07M | 38.02M | 33.96M |
| EBIT | 113.62M | 106.24M | 81.17M | 69.49M | 39.46M |
| Net Interest Income | -37.92M | -25.66M | -52.11M | -67.05M | -42.07M |
| Interest Income | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 37.92M | 25.66M | 52.11M | 67.05M | 42.07M |
| Other Income/Expense | -52.41M | -38.68M | -58.57M | -67.05M | -42.07M |
| Pretax Income | 75.7M | 80.58M | 29.06M | 2.44M | -2.61M |
| Pretax Margin % | 14.08% | 16.24% | 7.21% | 0.77% | -1.09% |
| Income Tax | 7.73M | 8.43M | 6.83M | 7.05M | -142K |
| Effective Tax Rate % | 10.21% | 10.46% | 23.5% | 289.37% | 5.44% |
| Net Income | 67.97M | 72.15M | 22.23M | -4.62M | -2.47M |
| Net Margin % | 12.64% | 14.54% | 5.52% | -1.45% | -1.03% |
| Net Income Growth % | 92.57% | 224.53% | 581.71% | -86.92% | - |
| Net Income (Continuing) | 67.97M | 72.15M | 22.23M | -4.62M | -2.47M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.71 | 0.75 | 0.24 | -0.05 | -0.03 |
| EPS Growth % | 87.19% | 212.5% | 558.02% | -63.24% | - |
| EPS (Basic) | - | 0.77 | 0.24 | -0.05 | -0.03 |
| Diluted Shares Outstanding | 95.65M | 95.89M | 91.68M | 88M | 77M |
| Basic Shares Outstanding | 93.62M | 93.6M | 93.56M | 88M | 77M |
| Dividend Payout Ratio | - | - | - | - | - |
Acquisition integration execution risk
As reported in recent financial filings, LOAR achieved a 36.1% year-over-year revenue growth rate in 2026Q1, significantly outpacing the 19.3% growth observed in the prior quarter, suggesting that the company's inorganic acquisition strategy is successfully scaling the top line across its niche aerospace component portfolio.
The acceleration in revenue growth appears to be driven by the successful integration of smaller, proprietary manufacturers into the broader platform. Investors should monitor whether this growth trajectory remains sustainable as the company faces the challenge of maintaining high organic growth rates while the base of acquired assets continues to expand.
Based on the company's reported figures, LOAR maintained a gross margin of 50.8% in 2026Q1, reflecting the inherent pricing power of its sole-source, flight-critical components which appear to insulate the firm from the typical margin compression seen in more commoditized segments of the aerospace supply chain.
The ability to sustain gross margins above 50% suggests that the company's niche-of-niche product strategy effectively creates high barriers to entry. While minor quarterly fluctuations are evident, the structural stability of these margins implies that the firm possesses significant leverage over its OEM and aftermarket customers.
According to the income statement data, LOAR's operating income reached $35.0M in 2026Q1, demonstrating that the company is successfully scaling its operating expenses relative to gross profit, as evidenced by the consistent operating margin performance despite the rapid expansion of the underlying revenue base.
The company appears to be managing its SG&A and R&D costs effectively, preventing them from ballooning in proportion to the top-line growth. This suggests that the centralized platform model is achieving the intended operational efficiencies, though further investigation into the fixed-cost burden of recent acquisitions is warranted.
As indicated by the provided financial statements, LOAR's net income experienced a notable decline to $11.1M in 2026Q1 from $12.5M in 2025Q4, a trend that warrants further investigation into the impact of non-cash charges and acquisition-related accounting adjustments on the company's reported bottom-line profitability.
The discrepancy between robust operating income and fluctuating net income suggests that non-operating items, likely including amortization of intangible assets from recent acquisitions, are significantly impacting reported earnings. Investors should focus on adjusted metrics to better understand the underlying cash-generating capability of the business.
Based on the reported figures, the recent dip in net margin to 7.1% in 2026Q1, compared to 21.8% in 2025Q3, highlights the potential for operational friction and earnings volatility as the company attempts to digest rapid inorganic growth within its specialized aerospace manufacturing business model.
Short-term margin compression may indicate that the costs of integrating new acquisitions are higher than anticipated or that the company is overpaying for assets to maintain its growth pace. This trend suggests that the market's current valuation may be overly optimistic regarding the seamlessness of the roll-up strategy.
Quick answers to the most common questions about buying LOAR stock.
For fiscal year 2025, Loar Holdings Inc. (LOAR) reported total revenue of $496.3M. This represents a 107.3% increase compared to $239.4M in 2022.
Loar Holdings Inc. (LOAR) is profitable, generating $72.1M in net income for the fiscal year ending 2025 with a net profit margin of 14.5%.
Loar Holdings Inc. (LOAR) reported an operating income of $119.3M, resulting in an operating profit margin of 24.0%. This margin reflects the operational efficiency of the business before interest and taxes.
Loar Holdings Inc. (LOAR) generated $261.3M in gross profit for the year, representing a gross profit margin of 52.7%. This demonstrates the company's core pricing power and production efficiency.