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Side-by-side financial comparison of Baird Medical Investment Holdings Ltd (BDMD) and Local Bounti Corporation (LOCL). Click either name above to swap in a different company.

Local Bounti Corporation is the larger business by last-quarter revenue ($12.5M vs $8.0M, roughly 1.6× Baird Medical Investment Holdings Ltd). Local Bounti Corporation runs the higher net margin — -69.8% vs -142.7%, a 72.9% gap on every dollar of revenue. Baird Medical Investment Holdings Ltd produced more free cash flow last quarter ($-3.2M vs $-3.6M).

Baird Medical Investment Holdings Ltd is a healthcare-focused investment holding company mainly operating in the Chinese market. It invests in and manages businesses covering in vitro diagnostic devices, medical consumables, and community healthcare services, serving clinical institutions and individual consumers.

Local Bounti Corporation is a U.S.-based sustainable indoor agriculture firm growing fresh, pesticide-free leafy greens, herbs and produce via advanced hydroponic and vertical farming tech. It serves North American retail and food service partners, focusing on low environmental impact and stable year-round supply.

BDMD vs LOCL — Head-to-Head

Bigger by revenue
LOCL
LOCL
1.6× larger
LOCL
$12.5M
$8.0M
BDMD
Higher net margin
LOCL
LOCL
72.9% more per $
LOCL
-69.8%
-142.7%
BDMD
More free cash flow
BDMD
BDMD
$389.4K more FCF
BDMD
$-3.2M
$-3.6M
LOCL

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BDMD
BDMD
LOCL
LOCL
Revenue
$8.0M
$12.5M
Net Profit
$-11.4M
$-8.7M
Gross Margin
82.1%
12.2%
Operating Margin
-131.3%
-106.1%
Net Margin
-142.7%
-69.8%
Revenue YoY
23.7%
Net Profit YoY
76.0%
EPS (diluted)
$1.52

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.

Revenue
BDMD
BDMD
LOCL
LOCL
Q4 25
$12.5M
Q3 25
$12.2M
Q2 25
$8.0M
$12.1M
Q1 25
$11.6M
Q4 24
$10.1M
Q3 24
$10.2M
Q2 24
$9.4M
Q1 24
$8.4M
Net Profit
BDMD
BDMD
LOCL
LOCL
Q4 25
$-8.7M
Q3 25
$-26.4M
Q2 25
$-11.4M
$-21.6M
Q1 25
$-37.7M
Q4 24
$-36.3M
Q3 24
$-34.3M
Q2 24
$-25.3M
Q1 24
$-24.1M
Gross Margin
BDMD
BDMD
LOCL
LOCL
Q4 25
12.2%
Q3 25
11.5%
Q2 25
82.1%
12.2%
Q1 25
12.6%
Q4 24
5.4%
Q3 24
13.8%
Q2 24
14.3%
Q1 24
9.4%
Operating Margin
BDMD
BDMD
LOCL
LOCL
Q4 25
-106.1%
Q3 25
-149.4%
Q2 25
-131.3%
-127.7%
Q1 25
-135.6%
Q4 24
-166.6%
Q3 24
-176.0%
Q2 24
-146.8%
Q1 24
-122.9%
Net Margin
BDMD
BDMD
LOCL
LOCL
Q4 25
-69.8%
Q3 25
-216.6%
Q2 25
-142.7%
-178.3%
Q1 25
-324.6%
Q4 24
-360.1%
Q3 24
-335.2%
Q2 24
-267.6%
Q1 24
-286.9%
EPS (diluted)
BDMD
BDMD
LOCL
LOCL
Q4 25
$1.52
Q3 25
$-1.18
Q2 25
$-1.63
Q1 25
$-4.32
Q4 24
$-4.24
Q3 24
$-4.01
Q2 24
$-3.00
Q1 24
$-2.89

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BDMD
BDMD
LOCL
LOCL
Cash + ST InvestmentsLiquidity on hand
$4.2M
Total DebtLower is stronger
$8.4M
$483.1M
Stockholders' EquityBook value
$35.6M
$-166.2M
Total Assets
$77.0M
$410.5M
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDMD
BDMD
LOCL
LOCL
Q4 25
$4.2M
Q3 25
$6.2M
Q2 25
$5.3M
Q1 25
$18.0M
Q4 24
$937.0K
Q3 24
$317.0K
Q2 24
$9.7M
Q1 24
$8.2M
Total Debt
BDMD
BDMD
LOCL
LOCL
Q4 25
$483.1M
Q3 25
$484.9M
Q2 25
$8.4M
$478.3M
Q1 25
$480.0M
Q4 24
$436.8M
Q3 24
$398.4M
Q2 24
$374.0M
Q1 24
$329.8M
Stockholders' Equity
BDMD
BDMD
LOCL
LOCL
Q4 25
$-166.2M
Q3 25
$-158.1M
Q2 25
$35.6M
$-132.7M
Q1 25
$-134.5M
Q4 24
$-100.5M
Q3 24
$-65.6M
Q2 24
$-32.8M
Q1 24
$-9.4M
Total Assets
BDMD
BDMD
LOCL
LOCL
Q4 25
$410.5M
Q3 25
$417.8M
Q2 25
$77.0M
$426.8M
Q1 25
$447.2M
Q4 24
$428.0M
Q3 24
$430.8M
Q2 24
$438.1M
Q1 24
$413.4M
Debt / Equity
BDMD
BDMD
LOCL
LOCL
Q4 25
Q3 25
Q2 25
0.24×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BDMD
BDMD
LOCL
LOCL
Operating Cash FlowLast quarter
$-3.2M
$-3.1M
Free Cash FlowOCF − Capex
$-3.2M
$-3.6M
FCF MarginFCF / Revenue
-40.7%
-29.1%
Capex IntensityCapex / Revenue
0.6%
3.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BDMD
BDMD
LOCL
LOCL
Q4 25
$-3.1M
Q3 25
$-8.9M
Q2 25
$-3.2M
$-8.7M
Q1 25
$-9.6M
Q4 24
$1.2M
Q3 24
$-17.2M
Q2 24
$-4.0M
Q1 24
$-7.1M
Free Cash Flow
BDMD
BDMD
LOCL
LOCL
Q4 25
$-3.6M
Q3 25
$-10.1M
Q2 25
$-3.2M
$-14.6M
Q1 25
$-14.5M
Q4 24
$-8.6M
Q3 24
$-30.0M
Q2 24
$-28.8M
Q1 24
$-42.1M
FCF Margin
BDMD
BDMD
LOCL
LOCL
Q4 25
-29.1%
Q3 25
-82.8%
Q2 25
-40.7%
-121.0%
Q1 25
-125.1%
Q4 24
-85.3%
Q3 24
-293.1%
Q2 24
-305.4%
Q1 24
-501.8%
Capex Intensity
BDMD
BDMD
LOCL
LOCL
Q4 25
3.9%
Q3 25
9.7%
Q2 25
0.6%
48.9%
Q1 25
42.8%
Q4 24
97.6%
Q3 24
125.0%
Q2 24
263.0%
Q1 24
417.3%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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