Local Bounti Corporation (LOCL) 10-Year Financial Performance & Capital Metrics

LOCL • • Industrial / General

Consumer DefensiveFarm ProductsAgricultural Technology & InnovationControlled Environment Agriculture

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 Margin 10.72% +33.4%
EBITDA Margin -105.14% +72.1%
Operating Margin -154.62% +63.6%
Net Margin -314.39% +30.1%
ROE -
ROIC -13.24% +57.7%
Debt/Equity -
Interest Coverage -1.00 +78.0%

Technical Analysis

Key Insights

Based on financial 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

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y291%

TTM31.61%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM18.27%

EPS CAGR

10Y-

5Y-

3Y-

TTM34.83%

ROCE

10Y Avg-62.14%

5Y Avg-61.24%

3Y Avg-34.84%

Latest-16.33%

Peer Comparison

Controlled Environment Agriculture

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
EDBLEdible Garden AG Incorporated	3.56M	0.70	-0.01	-1.37%	-115.44%	-112.13%	0.93
PWPower REIT	3.42M	1.01	-0.14	37.23%	-194.28%	-64.84%	5.54
LOCLLocal Bounti Corporation	50.33M	2.26	-0.16	38.4%	-265.21%

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	82K	638K	19.47M	27.56M	38.14M
Revenue Growth %	-	-	6.78%	29.52%	0.42%	0.38%
Cost of Goods Sold+	0	91K	432K	17.26M	25.34M	34.05M
COGS % of Revenue	-	1.11%	0.68%	0.89%	0.92%	0.89%
Gross Profit+	0	-9K	206K	2.21M	2.22M	4.09M
Gross Margin %	-	-0.11%	0.32%	0.11%	0.08%	0.11%
Gross Profit Growth %	-	-	23.89%	9.75%	0%	0.85%
Operating Expenses+	3.37M	7.91M	44.92M	96.74M	119.13M	63.06M
OpEx % of Revenue	-	96.5%	70.41%	4.97%	4.32%	1.65%
Selling, General & Admin	0	6.83M	41.5M	82.68M	64.56M	40.77M
SG&A % of Revenue	-	83.34%	65.04%	4.25%	2.34%	1.07%
Research & Development	0	1.08M	3.42M	14.06M	16.09M	22.29M
R&D % of Revenue	-	13.16%	5.37%	0.72%	0.58%	0.58%
Other Operating Expenses	3.37M	0	0	0	38.48M	0
Operating Income+	-3.37M	-7.92M	-44.72M	-94.53M	-116.91M	-58.97M
Operating Margin %	-	-96.61%	-70.09%	-4.85%	-4.24%	-1.55%
Operating Income Growth %	-	-1.35%	-4.64%	-1.11%	-0.24%	0.5%
EBITDA+	0	-7.63M	-44.03M	-84.1M	-103.78M	-40.1M
EBITDA Margin %	-	-93.11%	-69.02%	-4.32%	-3.77%	-1.05%
EBITDA Growth %	-	-	-4.77%	-0.91%	-0.23%	0.61%
D&A (Non-Cash Add-back)	3.37M	287K	684K	10.43M	13.13M	18.87M
EBIT	-3.37M	-7.89M	-49.48M	-94.34M	-98.27M	-60.98M
Net Interest Income+	39K	-522K	-6.62M	-16.73M	-25.75M	-58.92M
Interest Income	39K	0	0	0	0	0
Interest Expense	0	522K	6.62M	16.73M	25.75M	58.92M
Other Income/Expense	-39K	-487K	-11.38M	-16.55M	-7.11M	-60.93M
Pretax Income+	-3.41M	-8.41M	-56.09M	-111.07M	-124.02M	-119.9M
Pretax Margin %	-	-102.55%	-87.92%	-5.7%	-4.5%	-3.14%
Income Tax+	0	0	0	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	1%	1%
Net Income+	-3.41M	-8.41M	-56.09M	-111.07M	-124.02M	-119.9M
Net Margin %	-	-102.55%	-87.92%	-5.7%	-4.5%	-3.14%
Net Income Growth %	-	-1.47%	-5.67%	-0.98%	-0.12%	0.03%
Net Income (Continuing)	-3.41M	-8.41M	-56.09M	-111.07M	-124.02M	-119.9M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
EPS (Diluted)+	-4.41	-2.20	-8.45	-13.92	-15.61	-14.14
EPS Growth %	-	0.5%	-2.84%	-0.65%	-0.12%	0.09%
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
Basic Shares Outstanding	771.79K	3.78M	6.64M	7.98M	7.94M	8.48M
Dividend Payout Ratio	-	-	-	-	-	-

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.15M	628K	105.51M	34.1M	26.99M	18.82M
Cash & Short-Term Investments	2.14M	45K	96.66M	13.67M	10.33M	937K
Cash Only	2.14M	45K	96.66M	13.67M	10.33M	937K
Short-Term Investments	0	0	0	0	0	0
Accounts Receivable	0	333K	110K	2.69M	3.08M	2.28M
Days Sales Outstanding	-	1.48K	62.93	50.44	40.77	21.84
Inventory	0	243K	922K	3.59M	4.21M	6.81M
Days Inventory Outstanding	-	974.67	779	76.01	60.64	73.05
Other Current Assets	0	0	4.42M	14.15M	6.57M	8.79M
Total Non-Current Assets+	3.74M	8.47M	38.42M	244.64M	354.76M	409.21M
Property, Plant & Equipment	3.74M	8.42M	37.41M	157.98M	313.34M	371.33M
Fixed Asset Turnover	-	0.01x	0.02x	0.12x	0.09x	0.10x
Goodwill	0	0	0	38.48M	0	0
Intangible Assets	0	0	0	47.27M	41.35M	37.78M
Long-Term Investments	0	0	0	0	0	0
Other Non-Current Assets	0	51K	1.02M	901K	73K	101K
Total Assets+	5.89M	9.1M	143.93M	278.74M	381.75M	428.04M
Asset Turnover	-	0.01x	0.00x	0.07x	0.07x	0.09x
Asset Growth %	-	0.55%	14.81%	0.94%	0.37%	0.12%
Total Current Liabilities+	837K	2.35M	17.97M	23.27M	31.94M	55.44M
Accounts Payable	147K	176K	1.92M	13.76M	14.64M	16.99M
Days Payables Outstanding	-	705.93	1.62K	290.94	210.87	182.1
Short-Term Debt	0	50K	0	0	0	20.2M
Deferred Revenue (Current)	0	0	0	0	0	0
Other Current Liabilities	0	0	0	0	14.61M	51K
Current Ratio	2.56x	0.27x	5.87x	1.47x	0.84x	0.34x
Quick Ratio	2.56x	0.16x	5.82x	1.31x	0.71x	0.22x
Cash Conversion Cycle	-	1.75K	-780.29	-164.49	-109.46	-87.22
Total Non-Current Liabilities+	2.5M	9.32M	24.28M	134.14M	334.54M	473.1M
Long-Term Debt	2.5M	104K	11.2M	119.81M	277.99M	416.58M
Capital Lease Obligations	0	9.22M	13.08M	187K	49.34M	263K
Deferred Tax Liabilities	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	14.14M	7.21M	56.26M
Total Liabilities	3.33M	11.67M	42.25M	157.41M	366.48M	528.53M
Total Debt+	2.5M	9.37M	24.31M	120.08M	327.42M	437.16M
Net Debt	360K	9.32M	-72.35M	106.42M	317.1M	436.22M
Debt / Equity	0.98x	-	0.24x	0.99x	21.44x	-
Debt / EBITDA	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-
Interest Coverage	-	-15.18x	-6.76x	-5.65x	-4.54x	-1.00x
Total Equity+	2.55M	-2.57M	101.68M	121.33M	15.27M	-100.5M
Equity Growth %	-	-2.01%	40.55%	0.19%	-0.87%	-7.58%
Book Value per Share	3.31	-0.67	15.31	15.21	1.92	-11.85
Total Shareholders' Equity	2.55M	-2.57M	101.68M	121.33M	15.27M	-100.5M
Common Stock	1K	1K	9K	1K	1K	1K
Retained Earnings	-3.74M	-12.15M	-68.24M	-179.31M	-303.33M	-423.23M
Treasury Stock	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.12M	-3.84M	-20.11M	-48.81M	-33.16M	-27.06M
Operating CF Margin %	-	-46.8%	-31.52%	-2.51%	-1.2%	-0.71%
Operating CF Growth %	-	-2.43%	-4.24%	-1.43%	0.32%	0.18%
Net Income	-3.41M	-8.41M	-56.09M	-111.07M	-124.02M	-119.9M
Depreciation & Amortization	0	287K	684K	10.43M	13.13M	18.87M
Stock-Based Compensation	1.94M	3.29M	17.89M	39.17M	16.27M	3.35M
Deferred Taxes	0	-4.28M	942K	0	0	0
Other Non-Cash Items	147K	4.28M	6.97M	7.23M	56.35M	61.83M
Working Capital Changes	198K	989K	9.49M	5.44M	5.11M	8.79M
Change in Receivables	0	-333K	193K	-643K	-392K	899K
Change in Inventory	0	-243K	-652K	-88K	-678K	-3.1M
Change in Payables	0	29K	1.74M	2.12M	-66K	6.64M
Cash from Investing+	-3.74M	-3.42M	-29.67M	-172.38M	-162.26M	-82.45M
Capital Expenditures	-3.74M	-3.42M	-29.67M	-81.83M	-162.26M	-82.45M
CapEx % of Revenue	-	41.73%	46.5%	4.2%	5.89%	2.16%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0
Cash from Financing+	7M	5.17M	150.81M	145.05M	187.38M	100.09M
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	0	-27.32M	0	0	0
Share Repurchases	-	-	-	-	-	-
Other Financing	4.5M	0	-1.54M	-2.9M	34.77M	0
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	-4.86M	-7.26M	-49.77M	-130.64M	-195.42M	-109.52M
FCF Margin %	-	-88.54%	-78.02%	-6.71%	-7.09%	-2.87%
FCF Growth %	-	-0.49%	-5.86%	-1.62%	-0.5%	0.44%
FCF per Share	-6.30	-1.90	-7.49	-16.38	-24.60	-12.91
FCF Conversion (FCF/Net Income)	0.33x	0.46x	0.36x	0.44x	0.27x	0.23x
Interest Paid	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-133.36%	-	-113.19%	-99.61%	-181.57%	-
Return on Invested Capital (ROIC)	-	-122.91%	-185.89%	-55.15%	-31.31%	-13.24%
Gross Margin	-	-10.98%	32.29%	11.37%	8.04%	10.72%
Net Margin	-	-10254.88%	-8792.01%	-570.36%	-450.03%	-314.39%
Debt / Equity	0.98x	-	0.24x	0.99x	21.44x	-
Interest Coverage	-	-15.18x	-6.76x	-5.65x	-4.54x	-1.00x
FCF Conversion	0.33x	0.46x	0.36x	0.44x	0.27x	0.23x
Revenue Growth	-	-	678.05%	2952.35%	41.51%	38.4%

Revenue by Segment

	2021	2022	2024
Reportable	-	-	38.14M
Reportable Growth	-	-	-
Produce	551K	19.47M	-
Produce Growth	-	3434.30%	-
Intellectual Property Product	87K	-	-
Intellectual Property Product Growth	-	-	-

Frequently Asked Questions

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.

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