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Aerospace & defence · Industrials · Fiscal year ends Dec 31
Loar reported revenue of $496M in the fiscal year ended Dec 2025, up 23.2% from the year before. Operating income was $106M, an operating margin of 21.4%, and net income was $72M. Net debt was $631M.
Ranks among the 30 aerospace & defence companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Revenue | 317 | 403 | 496 |
| Cost of revenue | 163 | 204 | 235 |
| Gross profit | 154 | 199 | 261 |
| Research & development | 6.3 | 8.8 | 13.1 |
| Selling, general & admin | 82.1 | 112 | 144 |
| Operating income | 69.5 | 87.6 | 106 |
| Interest expense | 67.1 | 52.1 | 25.7 |
| Pre-tax income | 2.4 | 29.1 | 80.6 |
| Income tax | 7.1 | 6.8 | 8.4 |
| Net income | −4.6 | 22.2 | 72.1 |
| Diluted EPS | −22620.18 | 0.24 | 0.75 |
| Diluted shares | 0.0 | 0.1 | 0.1 |
| Fiscal year | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Cash & equivalents | 21.5 | 54.1 | 84.8 |
| Receivables | 59.0 | 63.8 | 88.0 |
| Inventory | 78.0 | 92.6 | 109 |
| Current assets | 171 | 221 | 298 |
| Net PP&E | 72.2 | 76.6 | 82.5 |
| Goodwill | 471 | 694 | 1,008 |
| Total assets | 1,050 | 1,451 | 2,030 |
| Payables | 12.9 | 12.1 | 18.6 |
| Deferred revenue | 1.5 | 4.2 | 4.2 |
| Current liabilities | 51.5 | 41.8 | 63.5 |
| Short-term debt | 6.9 | 0.0 | 4.4 |
| Long-term debt | 529 | 277 | 711 |
| Total liabilities | 632 | 362 | 855 |
| Shareholders' equity | 418 | 1,089 | 1,175 |
| Fiscal year | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Operating cash flow | 12.8 | 55.0 | 112 |
| Depreciation & amortisation | 9.9 | 11.2 | 11.9 |
| Stock-based compensation | 0.4 | 11.1 | 14.9 |
| Acquisitions | 60.4 | 383 | 508 |
| Fiscal year | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Revenue growth (YoY) | – | 26.9% | 23.2% |
| Operating income growth (YoY) | – | 26.1% | 21.2% |
| EPS growth (YoY) | – | – | 212.5% |
| Gross margin | 48.6% | 49.4% | 52.7% |
| Operating margin | 21.9% | 21.8% | 21.4% |
| Net margin | −1.5% | 5.5% | 14.5% |
| Return on equityBlank when equity is negative | −1.1% | 2.0% | 6.1% |
| ROCEEBIT ÷ (assets − current liabilities) | 7.0% | 6.2% | 5.4% |
| Cash conversion (CFO ÷ net income) | −2.78x | 2.47x | 1.56x |
| Receivable days | 68 | 58 | 65 |
| Inventory days | 174 | 166 | 169 |
| Payable days | 29 | 22 | 29 |
| Interest cover | 1.04x | 1.68x | 4.14x |
| Debt ÷ equity | 1.28x | 0.25x | 0.61x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 514 | 223 | 631 |
| Current ratio | 3.32x | 5.28x | 4.70x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.