Loar Holdings Inc. (LOAR) vs Planet Labs PBC (PL)

Loar Holdings Inc. and Planet Labs PBC are both Aerospace & Defense companies. Loar Holdings Inc. and Planet Labs PBC are of similar size ($6.6B and $6.1B). Planet Labs PBC has negative trailing earnings, so its P/E is not meaningful; Loar Holdings Inc. trades at 90.3×. Planet Labs PBC grew revenue faster over the last twelve months: 44.1% against 29.8%. Loar Holdings Inc. has the higher net margin (11.6% vs −95.1%) and the higher return on invested capital (3.95% vs −44.2%). Across the 18 metrics below, Loar Holdings Inc. leads on 15 and Planet Labs PBC on 3.

Valuation

Metric LOAR PL Aerospace & Defense median
P/E 90.33 n/m 33.00
P/S 10.39 16.59 3.63
P/B 5.08 11.12 3.24
Price to free cash flow 57.44 315.77 34.01
EV/EBITDA 35.43 n/m 18.69
EV/Sales 11.81 15.50 3.94
Earnings yield 1.11% (6.30%) 1.31%
Free cash flow yield 1.74% 0.32% 0.00%

Profitability

Metric LOAR PL Aerospace & Defense median
Gross margin 52.18% 55.42% 25.48%
Operating margin 21.86% (27.16%) 4.54%
Net margin 11.60% (95.13%) 2.22%
Free cash flow margin 18.09% 5.25% 0.00%
Return on equity 5.84% (71.97%) 6.43%
Return on assets 3.56% (33.83%) 2.70%
Return on invested capital 3.95% (44.19%) 1.56%

Growth

Metric LOAR PL Aerospace & Defense median
Revenue growth (TTM) 29.76% 44.12% 18.43%
EPS growth (last fiscal year) 212.50% (90.48%) —
Revenue growth, 5-year CAGR — 22.15% 9.62%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric LOAR PL Aerospace & Defense median
Debt to equity 0.79 0.79 0.24
Current ratio 4.91 2.84 2.72
Net debt to EBITDA 4.01 3.64 1.12

Dividend

Metric LOAR PL Aerospace & Defense median
Dividend yield — — 1.04%
Payout ratio — 0.00 0.00

Size

Metric LOAR PL Aerospace & Defense median
Market cap 6.13b 6.61b 2.52b

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