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Side-by-side financial comparison of iRhythm Holdings, Inc. (IRTC) and Loar Holdings Inc. (LOAR). Click either name above to swap in a different company.
iRhythm Holdings, Inc. is the larger business by last-quarter revenue ($208.9M vs $131.8M, roughly 1.6× Loar Holdings Inc.). Loar Holdings Inc. runs the higher net margin — 9.5% vs 2.7%, a 6.8% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs 19.3%). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% CAGR vs 19.8%).
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
IRTC vs LOAR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.9M | $131.8M |
| Net Profit | $5.6M | $12.5M |
| Gross Margin | 70.9% | 52.1% |
| Operating Margin | 1.1% | 18.0% |
| Net Margin | 2.7% | 9.5% |
| Revenue YoY | 27.1% | 19.3% |
| Net Profit YoY | 518.5% | 239.5% |
| EPS (diluted) | $0.18 | $0.13 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $208.9M | $131.8M | ||
| Q3 25 | $192.9M | $126.8M | ||
| Q2 25 | $186.7M | $123.1M | ||
| Q1 25 | $158.7M | $114.7M | ||
| Q4 24 | $164.3M | $110.4M | ||
| Q3 24 | $147.5M | $103.5M | ||
| Q2 24 | $148.0M | $97.0M | ||
| Q1 24 | $131.9M | $91.8M |
| Q4 25 | $5.6M | $12.5M | ||
| Q3 25 | $-5.2M | $27.6M | ||
| Q2 25 | $-14.2M | $16.7M | ||
| Q1 25 | $-30.7M | $15.3M | ||
| Q4 24 | $-1.3M | $3.7M | ||
| Q3 24 | $-46.2M | $8.7M | ||
| Q2 24 | $-20.1M | $7.6M | ||
| Q1 24 | $-45.7M | $2.2M |
| Q4 25 | 70.9% | 52.1% | ||
| Q3 25 | 71.1% | 52.7% | ||
| Q2 25 | 71.2% | 53.8% | ||
| Q1 25 | 68.8% | 52.1% | ||
| Q4 24 | 70.0% | 48.9% | ||
| Q3 24 | 68.8% | 51.1% | ||
| Q2 24 | 69.9% | 49.0% | ||
| Q1 24 | 66.3% | 48.4% |
| Q4 25 | 1.1% | 18.0% | ||
| Q3 25 | -4.4% | 22.9% | ||
| Q2 25 | -10.0% | 22.2% | ||
| Q1 25 | -20.5% | 22.8% | ||
| Q4 24 | -2.5% | 19.2% | ||
| Q3 24 | -34.1% | 22.1% | ||
| Q2 24 | -15.5% | 22.9% | ||
| Q1 24 | -28.9% | 23.3% |
| Q4 25 | 2.7% | 9.5% | ||
| Q3 25 | -2.7% | 21.8% | ||
| Q2 25 | -7.6% | 13.6% | ||
| Q1 25 | -19.3% | 13.4% | ||
| Q4 24 | -0.8% | 3.3% | ||
| Q3 24 | -31.3% | 8.4% | ||
| Q2 24 | -13.6% | 7.9% | ||
| Q1 24 | -34.6% | 2.4% |
| Q4 25 | $0.18 | $0.13 | ||
| Q3 25 | $-0.16 | $0.29 | ||
| Q2 25 | $-0.44 | $0.17 | ||
| Q1 25 | $-0.97 | $0.16 | ||
| Q4 24 | $-0.03 | $-11023.48 | ||
| Q3 24 | $-1.48 | $0.09 | ||
| Q2 24 | $-0.65 | $0.09 | ||
| Q1 24 | $-1.47 | $11023.54 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $583.8M | $84.8M |
| Total DebtLower is stronger | — | $715.7M |
| Stockholders' EquityBook value | $152.7M | $1.2B |
| Total Assets | $1.0B | $2.0B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $583.8M | $84.8M | ||
| Q3 25 | $565.2M | $99.0M | ||
| Q2 25 | $545.5M | $103.3M | ||
| Q1 25 | $520.6M | $80.5M | ||
| Q4 24 | $535.6M | $54.1M | ||
| Q3 24 | $522.0M | $55.2M | ||
| Q2 24 | $561.5M | $73.2M | ||
| Q1 24 | $569.1M | $28.2M |
| Q4 25 | — | $715.7M | ||
| Q3 25 | — | $279.4M | ||
| Q2 25 | — | $277.7M | ||
| Q1 25 | — | $277.5M | ||
| Q4 24 | — | $277.3M | ||
| Q3 24 | — | $602.1M | ||
| Q2 24 | — | $250.7M | ||
| Q1 24 | — | $534.2M |
| Q4 25 | $152.7M | $1.2B | ||
| Q3 25 | $121.9M | $1.2B | ||
| Q2 25 | $103.7M | $1.1B | ||
| Q1 25 | $86.7M | $1.1B | ||
| Q4 24 | $90.9M | $1.1B | ||
| Q3 24 | $71.8M | $769.8M | ||
| Q2 24 | $99.2M | $758.4M | ||
| Q1 24 | $90.3M | $420.6M |
| Q4 25 | $1.0B | $2.0B | ||
| Q3 25 | $995.2M | $1.5B | ||
| Q2 25 | $964.0M | $1.5B | ||
| Q1 25 | $926.1M | $1.5B | ||
| Q4 24 | $931.4M | $1.5B | ||
| Q3 24 | $909.7M | $1.5B | ||
| Q2 24 | $919.2M | $1.1B | ||
| Q1 24 | $909.8M | $1.1B |
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 1.27× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $26.2M | $30.4M |
| Free Cash FlowOCF − Capex | $14.5M | — |
| FCF MarginFCF / Revenue | 6.9% | — |
| Capex IntensityCapex / Revenue | 5.6% | — |
| Cash ConversionOCF / Net Profit | 4.70× | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $34.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.2M | $30.4M | ||
| Q3 25 | $34.9M | $29.7M | ||
| Q2 25 | $27.7M | $23.8M | ||
| Q1 25 | $-7.9M | $28.4M | ||
| Q4 24 | $19.2M | $20.7M | ||
| Q3 24 | $24.3M | $16.3M | ||
| Q2 24 | $11.8M | $7.1M | ||
| Q1 24 | $-52.0M | $10.8M |
| Q4 25 | $14.5M | — | ||
| Q3 25 | $20.1M | — | ||
| Q2 25 | $17.3M | — | ||
| Q1 25 | $-17.3M | — | ||
| Q4 24 | $12.4M | — | ||
| Q3 24 | $15.5M | — | ||
| Q2 24 | $3.4M | — | ||
| Q1 24 | $-61.8M | — |
| Q4 25 | 6.9% | — | ||
| Q3 25 | 10.4% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | -10.9% | — | ||
| Q4 24 | 7.5% | — | ||
| Q3 24 | 10.5% | — | ||
| Q2 24 | 2.3% | — | ||
| Q1 24 | -46.8% | — |
| Q4 25 | 5.6% | — | ||
| Q3 25 | 7.7% | — | ||
| Q2 25 | 5.6% | — | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 4.2% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 5.7% | — | ||
| Q1 24 | 7.4% | — |
| Q4 25 | 4.70× | 2.43× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 5.62× | ||
| Q3 24 | — | 1.89× | ||
| Q2 24 | — | 0.93× | ||
| Q1 24 | — | 4.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
