Local Bounti Corporation(LOCL)Earnings, Financials & Key Ratios
LOCL•NYSE
$1.69
$15M mkt cap·Price updated May 6, 2026
AboutLocal Bounti Corporation grows fresh greens and herbs in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana.Show more
- Revenue$38M+38.4%
- EBITDA-$40M+61.4%
- Net Income-$120M+3.3%
- EPS (Diluted)-14.14+9.4%
- Gross Margin10.72%+33.4%
- EBITDA Margin-105.14%+72.1%
- Operating Margin-154.62%+63.6%
- Net Margin-314.39%+30.1%
- ROIC-13.24%+57.7%
- Interest Coverage-1.00+78.0%
LOCL Key Insights
Local Bounti Corporation (LOCL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
No significant strengths identified
✗Weaknesses
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
LOCL Price & Volume
Local Bounti Corporation (LOCL) stock price & volume — 10-year historical chart
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LOCL Growth Metrics
Local Bounti Corporation (LOCL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years291%
TTM31.61%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM18.27%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM34.83%
Return on Capital
10 Years-62.14%
5 Years-61.24%
3 Years-34.84%
Last Year-16.33%
LOCL Peer Comparison
Local Bounti Corporation (LOCL) competitors in Produce and Specialty Crop Farming — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AREC | 233.2M | 2.30 | -4.42 | -97.1% | -262.03% | |||
 HYFM | 5.97M | 1.28 | -0.09 | -16.02% | -44.49% | -32.29% | 0.76 | |
 FARM | 27.8M | 1.28 | -1.88 | 0.35% | -5.51% | -52.2% | 23.4% | 1.23 |
 AVO | 967.66M | 13.66 | 25.77 | 12.68% | 2.48% | 5.46% | 3.84% | 0.32 |
 DE | 156.08B | 575.79 | 31.12 | -2.23% | 8.88% | 15.46% | 2.07% | 2.46 |
 CTVA | 56.33B | 83.91 | 52.44 | 2.92% | 6.5% | 4.62% | 5% | 0.11 |
 MOS | 7.38B | 23.26 | 5.99 | 5.03% | 10.46% | 9.99% | 0.06 | |
 AGCO | 8.29B | 114.55 | 11.75 | -13.55% | 7.43% | 16.73% | 8.92% | 0.59 |
Compare LOCL vs Peers
Local Bounti Corporation (LOCL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LOCL Income Statement
Local Bounti Corporation (LOCL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 82K | 638K | 19.47M | 27.56M | 38.14M | 45.98M |
| Revenue Growth % | - | - | 678.05% | 2952.35% | 41.51% | 38.4% | 31.61% |
| Cost of Goods Sold | 0 | 91K | 432K | 17.26M | 25.34M | 34.05M | 44.86M |
| COGS % of Revenue | - | 110.98% | 67.71% | 88.63% | 91.96% | 89.28% | - |
| Gross Profit | 0▲ 0% | -9K▲ 0% | 206K▲ 2388.9% | 2.21M▲ 975.2% | 2.22M▲ 0.0% | 4.09M▲ 84.6% | 1.12M▲ 0% |
| Gross Margin % | - | -10.98% | 32.29% | 11.37% | 8.04% | 10.72% | 2.44% |
| Gross Profit Growth % | - | - | 2388.89% | 975.24% | 0.05% | 84.57% | - |
| Operating Expenses | 3.37M | 7.91M | 44.92M | 96.74M | 119.13M | 63.06M | 63.52M |
| OpEx % of Revenue | - | 9650% | 7041.22% | 496.77% | 432.29% | 165.34% | - |
| Selling, General & Admin | 0 | 6.83M | 41.5M | 82.68M | 64.56M | 40.77M | 35.98M |
| SG&A % of Revenue | - | 8334.15% | 6504.39% | 424.58% | 234.27% | 106.9% | - |
| Research & Development | 0 | 1.08M | 3.42M | 14.06M | 16.09M | 22.29M | 24.98M |
| R&D % of Revenue | - | 1315.85% | 536.83% | 72.19% | 58.37% | 58.44% | - |
| Other Operating Expenses | 3.37M | 0 | 0 | 0 | 38.48M | 0 | 2M |
| Operating Income | -3.37M▲ 0% | -7.92M▼ 135.3% | -44.72M▼ 464.5% | -94.53M▼ 111.4% | -116.91M▼ 23.7% | -58.97M▲ 49.6% | -62.4M▲ 0% |
| Operating Margin % | - | -9660.98% | -7008.93% | -485.4% | -424.25% | -154.62% | -135.71% |
| Operating Income Growth % | - | -135.28% | -464.47% | -111.39% | -23.68% | 49.56% | - |
| EBITDA | 0 | -7.63M | -44.03M | -84.1M | -103.78M | -40.1M | -38.92M |
| EBITDA Margin % | - | -9310.98% | -6901.72% | -431.85% | -376.59% | -105.14% | -84.65% |
| EBITDA Growth % | - | - | -476.73% | -90.99% | -23.4% | 61.36% | 54.48% |
| D&A (Non-Cash Add-back) | 3.37M | 287K | 684K | 10.43M | 13.13M | 18.87M | 23.47M |
| EBIT | -3.37M | -7.89M | -49.48M | -94.34M | -98.27M | -60.98M | -75.44M |
| Net Interest Income | 39K | -522K | -6.62M | -16.73M | -25.75M | -58.92M | -46.5M |
| Interest Income | 39K | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 522K | 6.62M | 16.73M | 25.75M | 58.92M | 46.5M |
| Other Income/Expense | -39K | -487K | -11.38M | -16.55M | -7.11M | -60.93M | -59.55M |
| Pretax Income | -3.41M▲ 0% | -8.41M▼ 146.9% | -56.09M▼ 567.1% | -111.07M▼ 98.0% | -124.02M▼ 11.7% | -119.9M▲ 3.3% | -121.94M▲ 0% |
| Pretax Margin % | - | -10254.88% | -8792.01% | -570.36% | -450.03% | -314.39% | -265.21% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -3.41M▲ 0% | -8.41M▼ 146.9% | -56.09M▼ 567.1% | -111.07M▼ 98.0% | -124.02M▼ 11.7% | -119.9M▲ 3.3% | -121.94M▲ 0% |
| Net Margin % | - | -10254.88% | -8792.01% | -570.36% | -450.03% | -314.39% | -265.21% |
| Net Income Growth % | - | -146.89% | -567.06% | -98.01% | -11.65% | 3.32% | 18.27% |
| Net Income (Continuing) | -3.41M | -8.41M | -56.09M | -111.07M | -124.02M | -119.9M | -121.94M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -4.41▲ 0% | -2.20▲ 50.1% | -8.45▼ 284.1% | -13.92▼ 64.7% | -15.61▼ 12.1% | -14.14▲ 9.4% | -5.42▲ 0% |
| EPS Growth % | - | 50.11% | -284.09% | -64.73% | -12.14% | 9.42% | 34.83% |
| EPS (Basic) | -4.41 | -2.22 | -8.45 | -13.92 | -15.61 | -14.14 | - |
| Diluted Shares Outstanding | 771.79K | 3.82M | 6.64M | 7.98M | 7.94M | 8.48M | 22.48M |
| Basic Shares Outstanding | 771.79K | 3.78M | 6.64M | 7.98M | 7.94M | 8.48M | 22.48M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
LOCL Balance Sheet
Local Bounti Corporation (LOCL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 2.15M | 628K | 105.51M | 34.1M | 26.99M | 18.82M | 24.13M |
| Cash & Short-Term Investments | 2.14M | 45K | 96.66M | 13.67M | 10.33M | 937K | 12.71M |
| Cash Only | 2.14M | 45K | 96.66M | 13.67M | 10.33M | 937K | 12.71M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 333K | 110K | 2.69M | 3.08M | 2.28M | 2.42M |
| Days Sales Outstanding | - | 1.48K | 62.93 | 50.44 | 40.77 | 21.84 | 19.32 |
| Inventory | 0 | 243K | 922K | 3.59M | 4.21M | 6.81M | 6.82M |
| Days Inventory Outstanding | - | 974.67 | 779 | 76.01 | 60.64 | 73.05 | 56.6 |
| Other Current Assets | 0 | 0 | 4.42M | 14.15M | 6.57M | 8.79M | 2.17M |
| Total Non-Current Assets | 3.74M | 8.47M | 38.42M | 244.64M | 354.76M | 409.21M | 393.63M |
| Property, Plant & Equipment | 3.74M | 8.42M | 37.41M | 157.98M | 313.34M | 371.33M | 362.09M |
| Fixed Asset Turnover | - | 0.01x | 0.02x | 0.12x | 0.09x | 0.10x | 0.13x |
| Goodwill | 0 | 0 | 0 | 38.48M | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 47.27M | 41.35M | 37.78M | 31.41M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 51K | 1.02M | 901K | 73K | 101K | 637K |
| Total Assets | 5.89M▲ 0% | 9.1M▲ 54.6% | 143.93M▲ 1481.3% | 278.74M▲ 93.7% | 381.75M▲ 37.0% | 428.04M▲ 12.1% | 417.76M▲ 0% |
| Asset Turnover | - | 0.01x | 0.00x | 0.07x | 0.07x | 0.09x | 0.11x |
| Asset Growth % | - | 54.59% | 1481.3% | 93.66% | 36.96% | 12.12% | 14.68% |
| Total Current Liabilities | 837K | 2.35M | 17.97M | 23.27M | 31.94M | 55.44M | 14.31M |
| Accounts Payable | 147K | 176K | 1.92M | 13.76M | 14.64M | 16.99M | 9.23M |
| Days Payables Outstanding | - | 705.93 | 1.62K | 290.94 | 210.87 | 182.1 | 103.93 |
| Short-Term Debt | 0 | 50K | 0 | 0 | 0 | 20.2M | 191K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 14.61M | 51K | 4.89M |
| Current Ratio | 2.56x | 0.27x | 5.87x | 1.47x | 0.84x | 0.34x | 0.34x |
| Quick Ratio | 2.56x | 0.16x | 5.82x | 1.31x | 0.71x | 0.22x | 0.22x |
| Cash Conversion Cycle | - | 1.75K | -780.29 | -164.49 | -109.46 | -87.22 | -28.01 |
| Total Non-Current Liabilities | 2.5M | 9.32M | 24.28M | 134.14M | 334.54M | 473.1M | 561.58M |
| Long-Term Debt | 2.5M | 104K | 11.2M | 119.81M | 277.99M | 416.58M | 484.85M |
| Capital Lease Obligations | 0 | 9.22M | 13.08M | 187K | 49.34M | 263K | 51.21M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 14.14M | 7.21M | 56.26M | 103.83M |
| Total Liabilities | 3.33M | 11.67M | 42.25M | 157.41M | 366.48M | 528.53M | 575.9M |
| Total Debt | 2.5M | 9.37M | 24.31M | 120.08M | 327.42M | 437.16M | 535.53M |
| Net Debt | 360K | 9.32M | -72.35M | 106.42M | 317.1M | 436.22M | 522.82M |
| Debt / Equity | 0.98x | - | 0.24x | 0.99x | 21.44x | - | -3.39x |
| Debt / EBITDA | - | - | - | - | - | - | -13.76x |
| Net Debt / EBITDA | - | - | - | - | - | - | -13.43x |
| Interest Coverage | - | -15.18x | -6.76x | -5.65x | -4.54x | -1.00x | -1.62x |
| Total Equity | 2.55M▲ 0% | -2.57M▼ 200.7% | 101.68M▲ 4055.0% | 121.33M▲ 19.3% | 15.27M▼ 87.4% | -100.5M▼ 758.0% | -158.14M▲ 0% |
| Equity Growth % | - | -200.67% | 4055% | 19.32% | -87.41% | -758.02% | -2299.32% |
| Book Value per Share | 3.31 | -0.67 | 15.31 | 15.21 | 1.92 | -11.85 | -7.03 |
| Total Shareholders' Equity | 2.55M | -2.57M | 101.68M | 121.33M | 15.27M | -100.5M | -158.14M |
| Common Stock | 1K | 1K | 9K | 1K | 1K | 1K | 2K |
| Retained Earnings | -3.74M | -12.15M | -68.24M | -179.31M | -303.33M | -423.23M | -508.91M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
LOCL Cash Flow Statement
Local Bounti Corporation (LOCL) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -1.12M | -3.84M | -20.11M | -48.81M | -33.16M | -27.06M | -27.06M |
| Operating CF Margin % | - | -4680.49% | -3151.72% | -250.63% | -120.32% | -70.96% | - |
| Operating CF Growth % | - | -242.98% | -423.92% | -142.73% | 32.07% | 18.39% | 12.65% |
| Net Income | -3.41M | -8.41M | -56.09M | -111.07M | -124.02M | -119.9M | -121.94M |
| Depreciation & Amortization | 0 | 287K | 684K | 10.43M | 13.13M | 18.87M | 23.47M |
| Stock-Based Compensation | 1.94M | 3.29M | 17.89M | 39.17M | 16.27M | 3.35M | 4.1M |
| Deferred Taxes | 0 | -4.28M | 942K | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 147K | 4.28M | 6.97M | 7.23M | 56.35M | 61.83M | 64.3M |
| Working Capital Changes | 198K | 989K | 9.49M | 5.44M | 5.11M | 8.79M | 4.12M |
| Change in Receivables | 0 | -333K | 193K | -643K | -392K | 899K | -316K |
| Change in Inventory | 0 | -243K | -652K | -88K | -678K | -3.1M | 1.39M |
| Change in Payables | 0 | 29K | 1.74M | 2.12M | -66K | 6.64M | 26K |
| Cash from Investing | -3.74M | -3.42M | -29.67M | -172.38M | -162.26M | -82.45M | -21.9M |
| Capital Expenditures | -3.74M | -3.42M | -29.67M | -81.83M | -162.26M | -82.45M | -21.9M |
| CapEx % of Revenue | - | 4173.17% | 4649.84% | 420.22% | 588.83% | 216.2% | - |
| Acquisitions | 0 | 0 | 0 | -90.55M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 7M | 5.17M | 150.81M | 145.05M | 187.38M | 100.09M | 53.76M |
| Debt Issued (Net) | 2.5M | 5.25M | 42.14M | 124.65M | 152.61M | 100.09M | 29.65M |
| Equity Issued (Net) | 0 | -80K | 1000K | 1000K | -3K | 0 | 950K |
| Dividends Paid | 0 | 0 | -27.32M | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -80K | 0 | 0 | -3K | 0 | 0 |
| Other Financing | 4.5M | 0 | -1.54M | -2.9M | 34.77M | 0 | -847K |
| Net Change in Cash | 2.14M▲ 0% | -2.09M▼ 197.9% | 101.03M▲ 4929.4% | -76.14M▼ 175.4% | -8.04M▲ 89.4% | -9.43M▼ 17.2% | 5.9M▲ 0% |
| Free Cash Flow | -4.86M▲ 0% | -7.26M▼ 49.3% | -49.77M▼ 585.6% | -130.64M▼ 162.5% | -195.42M▼ 49.6% | -109.52M▲ 44.0% | -47.85M▲ 0% |
| FCF Margin % | - | -8853.66% | -7801.57% | -670.85% | -709.16% | -287.15% | -104.08% |
| FCF Growth % | - | -49.32% | -585.59% | -162.47% | -49.59% | 43.96% | 68.75% |
| FCF per Share | -6.30 | -1.90 | -7.49 | -16.38 | -24.60 | -12.91 | -12.91 |
| FCF Conversion (FCF/Net Income) | 0.33x | 0.46x | 0.36x | 0.44x | 0.27x | 0.23x | 0.39x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
LOCL Key Ratios
Local Bounti Corporation (LOCL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -113.19% | -99.61% | -181.57% | - | 96.71% |
| Return on Invested Capital (ROIC) | -122.91% | -185.89% | -55.15% | -31.31% | -13.24% | -13.24% |
| Gross Margin | -10.98% | 32.29% | 11.37% | 8.04% | 10.72% | 2.44% |
| Net Margin | -10254.88% | -8792.01% | -570.36% | -450.03% | -314.39% | -265.21% |
| Debt / Equity | - | 0.24x | 0.99x | 21.44x | - | -3.39x |
| Interest Coverage | -15.18x | -6.76x | -5.65x | -4.54x | -1.00x | -1.62x |
| FCF Conversion | 0.46x | 0.36x | 0.44x | 0.27x | 0.23x | 0.39x |
| Revenue Growth | - | 678.05% | 2952.35% | 41.51% | 38.4% | 31.61% |
LOCL Frequently Asked Questions
Local Bounti Corporation (LOCL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Local Bounti Corporation (LOCL) reported $46.0M in revenue for fiscal year 2024.
Local Bounti Corporation (LOCL) grew revenue by 38.4% over the past year. This is strong growth.
Local Bounti Corporation (LOCL) reported a net loss of $121.9M for fiscal year 2024.
Dividend & Returns
Local Bounti Corporation (LOCL) had negative free cash flow of $47.9M in fiscal year 2024, likely due to heavy capital investments.
Explore More LOCL
Local Bounti Corporation (LOCL) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates