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

Loar Holdings Inc. and Planet Labs PBC are both Aerospace & Defense companies. Loar Holdings Inc. is the larger, with a market value of $5.9B against $5.3B — 1.1× the size. Planet Labs PBC has negative trailing earnings, so its P/E is not meaningful; Loar Holdings Inc. trades at 86.4×. 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 86.40 n/m 31.81
P/S 9.94 12.82 3.55
P/B 4.86 8.60 2.59
Price to free cash flow 54.94 244.11 31.99
EV/EBITDA 34.08 n/m 18.08
EV/Sales 11.35 11.74 3.37
Earnings yield 1.16% (8.15%) 1.38%
Free cash flow yield 1.82% 0.41% 0.21%

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% 1.43%
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%) 24.27%
Revenue growth, 5-year CAGR — 22.15% 9.73%
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 — — 0.90%
Payout ratio — — 0.32

Size

Metric LOAR PL Aerospace & Defense median
Market cap 5.88b 5.29b 2.19b

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