LOAR · CIK 2000178
What Loar Holdings Inc. told the SEC could break it.
Loar Holdings' disclosures reflect a concentrated aerospace-component supplier. Its customers cluster in aerospace, with its two largest accounting for about 19% of 2025 sales and roughly 22% of year-end receivables, so a major customer's pullback would weigh on results. Its ability to sell hinges on aviation regulators — the FAA, EASA, UK CAA, and CAAC must certify its components — and losing or failing to obtain certification would impair sales. It is also exposed to tariffs, including on the steel and aluminum content in its products and U.S.-China duties on aircraft parts, which could raise its cost of sales and compress margins if it can't pass the increases through, though the impact has not been material so far.
3 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Regulatory & policy
- FAA/EASA aircraft component certificationmedium
Loar's aircraft components must be certified by aviation regulators (FAA, EASA, UK CAA, CAAC); loss or inability to obtain certification would impair its ability to sell.
“As a manufacturer and supplier of commercial aircraft components and equipment, we are subject to regulation by the FAA, the European Union Aviation Safety Agency, UK Civil Aviation Authority, and the Civil Aviation Administration of China, while the military aircraft component industry is governed by military quality specifications.”
SEC filing →As of 2026 - steel/aluminum and US-China tariffslow
Tariffs — including on steel and aluminum content in Loar's products and US-China tariffs on aircraft parts — could raise cost of sales and compress margins if not passed through; impact has not been material to date.
“These tariffs could have an adverse impact on our financial results, which include, but are not limited to, products we sell that include steel and aluminum, and if we are unable to pass such price increases through to our customers, it would likely increase our cost of sales and, as a result, decrease our gross margins, operating income and net income.”
Customer concentration
- two largest aerospace customersmedium
Loar's customers are concentrated in aerospace; its two largest customers accounted for ~19% of sales in 2025 (down from 21% and 24% in 2024/2023) and ~22% of accounts receivable at year-end 2025.
“The Company's two largest customers accounted for approximately 19 % , 21 % , and 24 % of sales during the years ended December 31, 2025, 2024, and 2023, respectively, and approximately 22 % and 28 % of accounts receivable at December 31, 2025 and 2024, respectively.”
SEC filing →As of 2026
In the MyPRIA app, this is checked against the companies you actually own.
← World Watch