Forensic Analysis · Aerospace & Defense · as of Nov 9, 2026
Loar Holdings Inc. (LOAR)
A forensic read on Loar Holdings Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
2.6
Distress distance
Clean
Earnings quality
3
Forensic signals
6.4%
ROE
23.2%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Loar Holdings Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 2.6, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
5.9%
FY2025
Return on invested capital.Return on invested capital is 5.9% in the latest fiscal year, close to the 4.9% of FY2024. After-tax operating profit was $67M in FY2024 and $95M in FY2025, with operating income at 21.8% of revenue in FY2024 and 21.4% in FY2025. The capital base behind it grew +20% across FY2024–FY2025, from $1.4B to $1.6B, and the return did not fall doing it, so the dollars added over that window earned at least the 4.9% the older base was already earning.
+4.6%/yr
FY2024–FY2025
Share-count dilution.Diluted share count changed +5% over the last 1 year to FY2025 (+4.6%/yr). The count is growing — 91.7M shares in FY2024, 95.9M in FY2025: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~4.6% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2024 has been diluted ~4%.
3% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 3% of revenue in FY2025 — about $0.16 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 4.6% a year across FY2024–FY2025, above the level at which the count is a material claim on a stake, and only one year's change is on file — enough to state what a holder gave up, not enough to say whether the rate is climbing or coming down. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
Key fundamentals
Latest Revenue$496.3M
Revenue Growth YoY+23.2%
Net Margin14.5%
Return on Equity6.4%
Debt / Equity0.61x
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