Loar (LOAR)
Market Price (12/25/2025): $70.93 | Market Cap: $6.6 BilSector: Industrials | Industry: Aerospace & Defense
Loar (LOAR)
Market Price (12/25/2025): $70.93Market Cap: $6.6 BilSector: IndustrialsIndustry: Aerospace & Defense
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 25% | Expensive valuation multiplesP/SPrice/Sales ratio is 14x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 65x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 63x, P/EPrice/Earnings or Price/(Net Income) is 101x |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23% | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.2% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% | Key risksLOAR key risks include [1] a severe blow to credibility and potential compliance issues stemming from an SEC registration revocation and [2] significant insider selling that signals a lack of internal confidence. |
| Low stock price volatilityVol 12M is 42% | |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space, and Advanced Materials. Themes include Advanced Air Mobility, Drone Technology, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 25% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% |
| Low stock price volatilityVol 12M is 42% |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space, and Advanced Materials. Themes include Advanced Air Mobility, Drone Technology, Show more. |
| Expensive valuation multiplesP/SPrice/Sales ratio is 14x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 65x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 63x, P/EPrice/Earnings or Price/(Net Income) is 101x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.2% |
| Key risksLOAR key risks include [1] a severe blow to credibility and potential compliance issues stemming from an SEC registration revocation and [2] significant insider selling that signals a lack of internal confidence. |
Why The Stock Moved
Qualitative Assessment
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Here are the key points explaining the approximate -2.9% stock movement for Loar (LOAR) during the period from late August 2025 to December 2025, based on the most recent available information: 1. Immediate Post-Earnings Decline: Loar Holdings' shares experienced an immediate decline of 2.6% the day after its Q3 2025 earnings announcement on November 12, 2025. This occurred despite the company reporting record results and upward revisions to its 2025 and 2026 outlooks.2. Sustained Downward Price Drift: Following the Q3 2025 earnings release, the stock continued to trend downwards, drifting an additional 3.9% lower over the subsequent 36 days.
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Stock Movement Drivers
Fundamental Drivers
The -11.2% change in LOAR stock from 9/24/2025 to 12/24/2025 was primarily driven by a -37.8% change in the company's P/E Multiple.| 9242025 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 77.31 | 68.62 | -11.24% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 451.74 | 474.97 | 5.14% |
| Net Income Margin (%) | 9.82% | 13.33% | 35.73% |
| P/E Multiple | 163.06 | 101.46 | -37.78% |
| Shares Outstanding (Mil) | 93.59 | 93.62 | -0.04% |
| Cumulative Contribution | -11.24% |
Market Drivers
9/24/2025 to 12/24/2025| Return | Correlation | |
|---|---|---|
| LOAR | -11.2% | |
| Market (SPY) | 4.4% | 46.5% |
| Sector (XLI) | 3.4% | 62.2% |
Fundamental Drivers
The -18.1% change in LOAR stock from 6/25/2025 to 12/24/2025 was primarily driven by a -54.3% change in the company's P/E Multiple.| 6252025 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 83.81 | 68.62 | -18.12% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 425.63 | 474.97 | 11.59% |
| Net Income Margin (%) | 8.29% | 13.33% | 60.75% |
| P/E Multiple | 222.14 | 101.46 | -54.33% |
| Shares Outstanding (Mil) | 93.56 | 93.62 | -0.07% |
| Cumulative Contribution | -18.12% |
Market Drivers
6/25/2025 to 12/24/2025| Return | Correlation | |
|---|---|---|
| LOAR | -18.1% | |
| Market (SPY) | 14.0% | 37.1% |
| Sector (XLI) | 10.0% | 48.5% |
Fundamental Drivers
The -8.9% change in LOAR stock from 12/24/2024 to 12/24/2025 was primarily driven by a -21.6% change in the company's Shares Outstanding (Mil).| 12242024 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 75.36 | 68.62 | -8.94% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | � | 474.97 | � |
| Net Income Margin (%) | � | 13.33% | � |
| P/E Multiple | � | 101.46 | � |
| Shares Outstanding (Mil) | 77.00 | 93.62 | -21.59% |
| Cumulative Contribution | � |
Market Drivers
12/24/2024 to 12/24/2025| Return | Correlation | |
|---|---|---|
| LOAR | -8.9% | |
| Market (SPY) | 15.8% | 52.5% |
| Sector (XLI) | 18.6% | 56.9% |
Fundamental Drivers
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Market Drivers
12/25/2023 to 12/24/2025| Return | Correlation | |
|---|---|---|
| LOAR | ||
| Market (SPY) | 48.9% | 44.3% |
| Sector (XLI) | 42.7% | 45.1% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LOAR Return | � | � | � | � | � | -7% | -7% |
| Peers Return | 10% | 8% | 2% | 44% | 38% | 49% | 258% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 115% |
Monthly Win Rates [3] | |||||||
| LOAR Win Rate | � | � | � | � | 75% | 33% | |
| Peers Win Rate | 55% | 50% | 47% | 62% | 70% | 68% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| LOAR Max Drawdown | � | � | � | � | � | -14% | |
| Peers Max Drawdown | -52% | -13% | -18% | -3% | -3% | -11% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: PH, TDG, HEI, WWD, CW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)
How Low Can It Go
LOAR has limited trading history. Below is the Industrials sector ETF (XLI) in its place.
| Event | XLI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -22.6% | -25.4% |
| % Gain to Breakeven | 29.2% | 34.1% |
| Time to Breakeven | 273 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -42.8% | -33.9% |
| % Gain to Breakeven | 74.8% | 51.3% |
| Time to Breakeven | 232 days | 148 days |
| 2018 Correction | ||
| % Loss | -24.6% | -19.8% |
| % Gain to Breakeven | 32.6% | 24.7% |
| Time to Breakeven | 312 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -63.3% | -56.8% |
| % Gain to Breakeven | 172.8% | 131.3% |
| Time to Breakeven | 1,463 days | 1,480 days |
Compare to
In The Past
SPDR Select Sector Fund's stock fell -22.6% during the 2022 Inflation Shock from a high on 1/4/2022. A -22.6% loss requires a 29.2% gain to breakeven.
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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 85% of our 2023 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 52% of our 2023 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, 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, 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. Our ability to deliver high-quality solutions stems from management’s extensive industry experience and their long history of creating value across multiple businesses. Prior to the formation of Loar, Chief Executive Officer and Co-Chairman Dirkson Charles, Chief Financial Officer Glenn D’Alessandro, and VP & General Counsel Michael Manella helped lead K&F through 17 years of sustained success, including its initial public offering and ultimate sale to Meggitt plc (now part of Parker-Hannifin Corporation). The team, building upon its proven ability to create value, subsequently worked together at McKechnie until its 2010 sale to TransDigm. During their tenure at McKechnie, they worked alongside the Company’s Co-Chairman Brett Milgrim, who was a Managing Director and Partner of JLL, McKechnie’s majority owner before the sale to TransDigm. Through their collective experience at K&F and McKechnie, the management team built deep industry expertise and harnessed this knowledge to launch Loar, even entering some of the same product categories as K&F and McKechnie such as carbon and metallic brake discs, hydraulic valves, keepers, rate control devices, latches, hold-open rods, starter generators, and actuators, among others. By having the advantage of a clean blueprint and targeted list of attractive product categories and acquisition candidates, the management team has been able to leverage its significant experience to create a purpose-built, successful platform. Loar is centered around a commitment to a consistent and focused business model—creating a portfolio of proprietary products serving a highly diverse set of applications, end markets and customers within the aerospace and defense value chain. This strategy has resulted in what we believe to be market-leading positions, driven by products that have been difficult for competitors to replicate. The qualification process for the Company’s products serves as a significant barrier to entry for new suppliers. The time, investment, and risks associated with qualification are substantial. The process can often take years, involving multiple tests that require support and financial contribution from both the system supplier and the OEM. Moreover, the Company focuses on products that make up a relatively small portion of the total cost of an aircraft. As a result, it is not typically economical for OEMs to repeat the process of qualification after an existing supplier has been qualified already onto a given aircraft platform. In addition, customer relationships represent a key barrier to entry. Given the mission-critical nature of the Company’s products, we believe our customers look for highly reliable suppliers they can trust to deliver on-time, high-quality solutions. Loar’s position as a trusted supplier of highly engineered, value-added products not only has created significant barriers to entry, but also has established an ability to fairly value our products, which has resulted in consistent improvements to Loar’s gross profit margins over the long-term. --- Once Loar’s components are qualified on an aircraft platform, we believe we are likely to maintain our position as the provider of aftermarket parts and services for the life of the platform and related platform derivatives. This results in significant aftermarket revenue, which represented 52% of our 2023 net sales. For the platforms we serve, the total life of an aircraft can be up to 50 years, ensuring steady aftermarket revenue streams with historically higher margins than revenue to OEM customers. We believe our aftermarket exposure provides us with an opportunity for stable, recurring, long-lasting and high-margin financial performance. In addition to our OEM and aftermarket balance, our revenue is diversified across end markets, customers, and platforms. No more than 14% of our 2023 net sales came from any single customer, and no more than 6% of our 2023 net sales came from any single aircraft platform. We believe that our revenue diversification provides significant resiliency, and it positions us well to take advantage of new business opportunities. --- We believe that our efforts to serve our customers effectively have also differentiated our business and led to long-standing customer relationships. Given the complexity of our customers’ supply chains, they look for dependable suppliers across multiple products and capabilities. In addition to providing a broad set of capabilities, we believe our commitment to quality, consistent on-time delivery and highly specialized tailored solutions furthers our long-standing relationships. Our relationships enable an open dialogue regarding our customers’ supply chain challenges, which can give us insight into potential growth opportunities, both organically and inorganically. In 2023, we generated $317 million in net sales. Since the inception of our Company in 2012, we have grown our net sales at a CAGR of 38%. We generated a GAAP reported net loss of $5 million in 2023 and $113 million in Adjusted EBITDA in 2023, representing a GAAP reported net loss margin of (1)% and a 36% Adjusted EBITDA margin. Including one-time investments of $6 million related to the relocation of a manufacturing facility and the construction of a new factory in 2023, we invested $12 million in capital expenditures in 2023. Our historical capital expenditures from 2021 to 2023 (excluding the one-time investments described above) have averaged 3% of net sales, highlighting the low capital requirements of our business model. Over the next 12 months, we expect our capital needs to be in-line with our recent history at approximately 3% of net sales. Our business approach couples strong organic growth with our proven acquisition strategy. Since 2012, we have executed and successfully integrated 16 strategic acquisitions. We have a highly disciplined approach to evaluating potential acquisition targets, and have sought companies with valuable intellectual property, high aftermarket content, revenue synergies, ability to cross-sell and strong customer relationships. We operate in a highly fragmented market, which has historically provided ample acquisition targets as we look to enhance and grow our platform. We currently operate as a Delaware corporation under the name Loar Holdings Inc., which is a holding company that holds all of the equity interests of Loar Group Inc., the entity which directly and indirectly holds all of the equity interests in our operating subsidiaries. Loar Holdings, LLC was formed August 21, 2017. Loar Holdings, LLC became a Delaware corporation on April 16, 2024 and changed its name to Loar Holdings Inc. in the Corporate Conversion. Our principal offices are located at 20 New King Street, White Plains, New York 10604.
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- A highly specialized Collins Aerospace (part of RTX) for critical aircraft components.
- A boutique Parker Hannifin Aerospace, focusing on custom-engineered aircraft parts.
- A niche Honeywell Aerospace that builds essential, high-performance components for planes.
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- Flight and Actuation Control Components: Loar manufactures highly engineered components used in aircraft flight control systems and other actuation mechanisms.
- Aerostructure and Interior Components: The company produces structural elements and precision parts for aircraft airframes and interior cabin applications.
- Landing Gear Components: Loar supplies various precision-machined parts essential for the functionality and safety of aircraft landing gear systems.
- Engine Components: These are highly engineered parts integrated into aircraft engines for propulsion, fluid management, and other critical operational functions.
- Specialty Fasteners: Loar provides specialized, high-performance fastening solutions designed for the demanding requirements of aerospace and defense applications.
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Major Customers of Loar (LOAR)
Loar (LOAR) primarily sells its products and services to other companies within the aerospace and defense industry.
According to its latest annual report (10-K filing for the fiscal year ended December 31, 2023), Loar does not have any single customer that accounted for 10% or more of its net sales in 2023, 2022, or 2021. Therefore, no individual "major customers" are specifically named in its public filings that meet this disclosure threshold.
However, Loar's customer base generally includes:
- Original Equipment Manufacturers (OEMs) for various types of aircraft (commercial aerospace, business jet, military, and general aviation).
- Maintenance, Repair, and Overhaul (MRO) providers for aftermarket services, supplying components and services for existing aircraft fleets.
While the company notes its dependence on a "limited number of customers" in its risk factors, specific names of these customer companies are not publicly disclosed due to the lack of revenue concentration above the typical reporting threshold.
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Dirkson R. Charles, President, Chief Executive Officer and Executive Co-Chairman
Mr. Charles founded Loar Group in January 2012. Prior to this, he was the Executive Vice President of McKechnie Aerospace, which he joined in 2007. He founded Loar Group subsequent to the sale of McKechnie in December 2010, where he was instrumental in its financial and operational improvement. Earlier in his career, he spent five years at Arthur Andersen and Company in the mid-1980s. Mr. Charles also serves as the Chairman of Doncasters Group Limited since March 2020 and a Director of Builders FirstSource, Inc. since June 2022.
Glenn D'Alessandro, Treasurer, Chief Financial Officer and Principal Accounting Officer
Mr. D'Alessandro joined Loar Group in February 2012. He previously served as Vice President and Controller of McKechnie Aerospace, which he joined in January 2008, and was involved in financial management until the company's sale in December 2010. Before McKechnie, he spent 17 years with K&F Industries in various financial capacities, including Vice President and Controller, where he was involved in numerous recapitalizations, a successful IPO, and the subsequent sale of the company.
Brett Milgrim, Executive Co-Chairman
Mr. Milgrim has served as Executive Co-Chairman of Loar Group since 2017. From 1997 to 2011, he was a Managing Director and Partner at JLL Partners, a private equity firm, where he was responsible for leading investments in the industrial sector, including McKechnie Aerospace. His background encompasses extensive experience in corporate finance, capital markets, and the management of numerous aerospace and industrial companies. Prior to JLL, Mr. Milgrim worked in the Investment Banking department of Donaldson, Lufkin & Jenrette Securities Corporation.
Michael Manella, Vice President, General Counsel and Secretary
Mr. Manella directs all legal affairs for Loar Group. Before joining Loar Group, he was Vice President and General Counsel at McKechnie Aerospace, where he oversaw all legal matters, including the company's sale to TransDigm, Inc. He also held senior legal and management positions at three other companies.
Paul Dolan, Executive Vice President
Mr. Dolan joined Loar in April 2024 and is responsible for the oversight of five Loar companies. Prior to Loar, he served as CEO of Aviation Technical Services. He also held executive leadership roles in commercial and defense at Chromalloy Gas Turbine and is a decorated Naval Officer who flew F/A-18 fighter aircraft.
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The key risks to Loar Holdings Inc. (LOAR) primarily revolve around regulatory issues, insider confidence, and financial leverage.
- Regulatory Overhang and Credibility Issues: Loar Holdings faces a significant risk due to the SEC's revocation of its registration as a Municipal Advisor in May 2024. This action is described as a severe blow to the company's credibility and points to potential deeper compliance issues, creating material uncertainty for investors.
- Insider Selling: A coordinated sell-off of over $12 million in shares by Loar Holdings insiders within six months, which accelerated after the SEC's regulatory revocation, raises concerns about internal skepticism regarding the company's long-term prospects and erodes investor confidence.
- Debt on the Balance Sheet: As of June 2025, Loar Holdings had approximately $277.7 million in debt, an increase from the previous year. While currently considered manageable given the company's market capitalization, analysts recommend continued monitoring of the balance sheet due to concerns about its interest cover. Unmanaged debt could lead to financial instability or dilution of shareholder value.
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Loar Holdings Inc. (LOAR) is a specialized manufacturer of highly engineered aerospace components and systems for the commercial aviation, business jet and general aviation, and defense sectors. Its diverse product offerings include airframe and structural components, avionics, braking system components, de-ice and ice protection, electro-mechanical systems, fluid and motion controls, engineered materials, and fasteners.
The addressable markets for Loar's main products and services are as follows:
- Aerospace and Defense Components: The global market size for aerospace and defense components is estimated at approximately $65.1 billion in 2024, and is projected to grow to $71.97 billion in 2025. Another report estimates this market at $64.3 billion in 2025, with an expected increase to $156.4 billion by 2034.
- Aerospace Fasteners: The global aerospace fasteners market is valued at approximately $7.02 billion in 2025, with a projection to reach $10.12 billion by 2030. Other estimates place the global market at $7.28 billion in 2024, growing to $7.80 billion in 2025.
- Aerospace & Defense Fluid Conveyance Systems: The global market for aerospace and defense fluid conveyance systems was approximately $14.2 billion in 2024 and is projected to reach $21.9 billion by 2033.
- Aerospace and Defense Electronic Manufacturing Services (including electro-mechanical systems): The global aerospace and defense electronic manufacturing services market is projected to be $23.5 billion in 2024, with an anticipated increase to $28.65482 billion by 2032.
- Aerospace and Defense Materials: The global aerospace and defense materials market size was estimated at $20.45 billion in 2024 and is projected to reach $27.99 billion by 2030.
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Loar (symbol: LOAR) is expected to drive future revenue growth over the next 2-3 years through a combination of strategic initiatives and favorable market conditions.
Here are 3-5 expected drivers of future revenue growth:
- Organic Growth through New Product Launches and Market Share Expansion: Loar actively pursues a strategy of "Launching New Products," which contributes to organic sales growth and increased market share. For example, new product launches have been cited as a reason for increased market share in the defense segment. The company has demonstrated strong organic sales growth, with an 11.1% contribution to net sales in Q1 2025 and 15% in calendar year 2024.
- Strategic Acquisitions: Loar's growth strategy includes disciplined mergers and acquisitions to expand its product offerings and market reach. Acquisitions, such as Applied Avionics in Q3 2024, have contributed to net sales increases. The pending LMB acquisition and the Beadlight acquisition (closed in Q2 2025) are anticipated to be meaningfully accretive and expand the company's proprietary product portfolio.
- Strong Demand in Diversified End Markets: The company benefits from robust and growing demand across its diversified aerospace and defense portfolio.
- Commercial Aftermarket: This segment is a significant growth driver, fueled by sustained demand for commercial air travel and strong aftermarket bookings, representing 55% of overall sales and expected to continue growing.
- Commercial OEM: Loar is experiencing an improving production environment for commercial original equipment manufacturers (OEMs), leading to higher sales across various aircraft platforms.
- Defense: The defense segment has shown considerable growth, driven by strong demand across multiple platforms and market share gains from new product introductions.
- Value-Based Pricing Strategies: Loar employs a strategy of "Achieving Price Above Inflation," which contributes to improved gross profit margins and overall revenue growth by capturing the value of its specialized products and services. This value-based pricing, along with productivity optimization, has been cited as a factor in margin expansion.
- Optimizing Productivity: As part of its "LOAR" strategic framework, "Optimizing Productivity" initiatives contribute to margin expansion and operational efficiency. While primarily impacting profitability, enhanced productivity can indirectly support revenue growth by allowing for more competitive offerings, increased capacity, and efficient scaling of operations.
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Share Issuance
- Loar Holdings completed its Initial Public Offering (IPO) in April 2024, selling 12.65 million shares at $28 per share and raising $354 million, which was intended for debt repayment.
- In December 2024, Loar Holdings priced an upsized public offering of 5,750,000 shares at $85.00 per share, which included 3,852,500 shares issued by Loar to repay borrowings and for general corporate purposes.
- A secondary public offering of 10,350,000 shares of common stock by certain selling shareholders, including the full exercise of the underwriters' option, was completed in May 2025, generating over $860 million in proceeds for the selling shareholders; Loar itself did not sell any shares or receive proceeds.
Inbound Investments
- Post-IPO in April 2024, Abrams Capital Management, L.P. was estimated to own approximately 44% of the company's stock.
- Bryce Point Capital LLC acquired 8,840 shares of Loar Holdings Inc. in the second quarter of 2025, valued at approximately $762,000.
- Other institutional investors such as MetLife Investment Management LLC and Amalgamated Bank increased their holdings in Loar in the first quarter of 2025.
Outbound Investments
- Loar Holdings completed the acquisition of Applied Avionics, Inc. for approximately $385 million in cash in August 2024.
- In July 2025, Loar acquired Beadlight Ltd., marking its 18th acquisition since 2012, with Beadlight expected to contribute mid-single-digit millions in sales for 2025.
- Loar Holdings is actively pursuing mergers and acquisitions and has plans to close the acquisition of L and B Fans and Motors (LMB) in the third quarter of 2025.
Capital Expenditures
- Capital expenditures in 2023 totaled $12 million, which included $6 million for one-time investments in a manufacturing facility relocation and new factory construction, representing an average of 3% of net sales excluding these one-time costs.
- For the full year 2024, capital expenditures were approximately $9 million.
- Expected capital expenditures for 2025 are approximately $14 million, which is anticipated to be around 2-3% of sales.
Latest Trefis Analyses
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Trade Ideas
Select ideas related to LOAR. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 18.7% | 18.7% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.7% | 4.7% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 6.9% | 6.9% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.6% | 2.6% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 6.0% | 6.0% | -0.4% |
Research & Analysis
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Peer Comparisons for Loar
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 452.98 |
| Mkt Cap | 34.2 |
| Rev LTM | 4,026 |
| Op Inc LTM | 818 |
| FCF LTM | 689 |
| FCF 3Y Avg | 625 |
| CFO LTM | 763 |
| CFO 3Y Avg | 685 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.4% |
| Rev Chg 3Y Avg | 14.6% |
| Rev Chg Q | 14.0% |
| QoQ Delta Rev Chg LTM | 3.5% |
| Op Mgn LTM | 21.7% |
| Op Mgn 3Y Avg | 19.1% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 19.9% |
| CFO/Rev 3Y Avg | 17.5% |
| FCF/Rev LTM | 18.1% |
| FCF/Rev 3Y Avg | 15.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 34.2 |
| P/S | 7.5 |
| P/EBIT | 33.2 |
| P/E | 44.1 |
| P/CFO | 38.7 |
| Total Yield | 2.5% |
| Dividend Yield | 0.2% |
| FCF Yield 3Y Avg | 2.9% |
| D/E | 0.0 |
| Net D/E | 0.0 |
Price Behavior
Price Behavior
| Market Price | $68.62 | |
| Market Cap ($ Bil) | 6.4 | |
| First Trading Date | 04/25/2024 | |
| Distance from 52W High | -31.0% | |
| 50 Days | 200 Days | |
| DMA Price | $71.99 | $77.52 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -4.7% | -11.5% |
| 3M | 1YR | |
| Volatility | 33.4% | 42.0% |
| Downside Capture | 180.78 | 116.25 |
| Upside Capture | 88.70 | 89.94 |
| Correlation (SPY) | 46.4% | 52.6% |
LOAR Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.51 | 1.14 | 1.12 | 0.98 | 1.12 | 0.18 |
| Up Beta | 3.47 | 2.27 | 1.90 | 1.25 | 1.43 | -0.05 |
| Down Beta | 0.79 | 0.33 | 0.54 | 0.87 | 0.74 | -0.36 |
| Up Capture | -15% | 42% | 87% | 35% | 74% | 38% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 8 | 18 | 33 | 63 | 118 | 209 |
| Down Capture | 183% | 164% | 136% | 144% | 116% | 89% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 12 | 24 | 30 | 62 | 130 | 189 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
nullBased On 5-Year Data
nullBased On 10-Year Data
nullReturns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/12/2025 | -2.6% | -10.8% | -4.5% |
| 5/13/2025 | -6.4% | -14.6% | -15.6% |
| 2/21/2025 | -1.2% | 5.9% | -2.3% |
| 11/13/2024 | -8.1% | -0.4% | -10.0% |
| 8/13/2024 | 18.9% | 19.5% | 22.5% |
| 5/14/2024 | 0.5% | 9.9% | 36.7% |
| SUMMARY STATS | |||
| # Positive | 2 | 3 | 2 |
| # Negative | 4 | 3 | 4 |
| Median Positive | 9.7% | 9.9% | 29.6% |
| Median Negative | -4.5% | -10.8% | -7.2% |
| Max Positive | 18.9% | 19.5% | 36.7% |
| Max Negative | -8.1% | -14.6% | -15.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11122025 | 10-Q 9/30/2025 |
| 6302025 | 8132025 | 10-Q 6/30/2025 |
| 3312025 | 5132025 | 10-Q 3/31/2025 |
| 12312024 | 3312025 | 10-K 12/31/2024 |
| 9302024 | 11132024 | 10-Q 9/30/2024 |
| 6302024 | 8132024 | 10-Q 6/30/2024 |
| 3312024 | 5142024 | 10-Q 3/31/2024 |
| 12312023 | 4262024 | 424B4 12/31/2023 |
Insider Activity
Expand for More| Owner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | Blackstone Holdings IV L.P. | 6112025 | Sell | 82.61 | 2,656,060 | 219,417,117 | 561,956,755 | Form | |
| 1 | GSO Capital Opportunities Fund III LP | 6112025 | Sell | 82.61 | 2,656,060 | 219,417,117 | 561,956,755 | Form | |
| 2 | Blackstone Alternative Credit Advisors LP | 6112025 | Sell | 82.61 | 2,656,060 | 219,417,117 | 561,956,755 | Form | |
| 3 | Bobbili Raja | 5202025 | Sell | 80.91 | 690,258 | 55,847,187 | 2,543,610,254 | Form | |
| 4 | Carpenito Anthony | 5202025 | Sell | 80.91 | 690,258 | 55,847,187 | 2,543,610,254 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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