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Side-by-side financial comparison of enCore Energy Corp. (EU) 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 $12.4M, roughly 1.0× enCore Energy Corp.). Local Bounti Corporation runs the higher net margin — -69.8% vs -173.9%, a 104.1% gap on every dollar of revenue. enCore Energy Corp. produced more free cash flow last quarter ($7.2M vs $-3.6M).
Devon Energy Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware with operational headquarters in the 50-story Devon Energy Center in Oklahoma City, Oklahoma. Its operations are in the Delaware Basin, Eagle Ford Group, and the Rocky Mountains.
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.
EU vs LOCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.4M | $12.5M |
| Net Profit | $-21.5M | $-8.7M |
| Gross Margin | 37.9% | 12.2% |
| Operating Margin | -135.9% | -106.1% |
| Net Margin | -173.9% | -69.8% |
| Revenue YoY | — | 23.7% |
| Net Profit YoY | — | 76.0% |
| EPS (diluted) | $-0.11 | $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.
| Q4 25 | $12.4M | $12.5M | ||
| Q3 25 | $8.9M | $12.2M | ||
| Q2 25 | $3.7M | $12.1M | ||
| Q1 25 | $18.2M | $11.6M | ||
| Q4 24 | — | $10.1M | ||
| Q3 24 | — | $10.2M | ||
| Q2 24 | — | $9.4M | ||
| Q1 24 | — | $8.4M |
| Q4 25 | $-21.5M | $-8.7M | ||
| Q3 25 | $-4.8M | $-26.4M | ||
| Q2 25 | $-6.3M | $-21.6M | ||
| Q1 25 | $-24.2M | $-37.7M | ||
| Q4 24 | — | $-36.3M | ||
| Q3 24 | — | $-34.3M | ||
| Q2 24 | — | $-25.3M | ||
| Q1 24 | — | $-24.1M |
| Q4 25 | 37.9% | 12.2% | ||
| Q3 25 | 43.8% | 11.5% | ||
| Q2 25 | 30.8% | 12.2% | ||
| Q1 25 | -0.1% | 12.6% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 13.8% | ||
| Q2 24 | — | 14.3% | ||
| Q1 24 | — | 9.4% |
| Q4 25 | -135.9% | -106.1% | ||
| Q3 25 | -158.2% | -149.4% | ||
| Q2 25 | -526.1% | -127.7% | ||
| Q1 25 | -85.7% | -135.6% | ||
| Q4 24 | — | -166.6% | ||
| Q3 24 | — | -176.0% | ||
| Q2 24 | — | -146.8% | ||
| Q1 24 | — | -122.9% |
| Q4 25 | -173.9% | -69.8% | ||
| Q3 25 | -53.7% | -216.6% | ||
| Q2 25 | -172.7% | -178.3% | ||
| Q1 25 | -132.9% | -324.6% | ||
| Q4 24 | — | -360.1% | ||
| Q3 24 | — | -335.2% | ||
| Q2 24 | — | -267.6% | ||
| Q1 24 | — | -286.9% |
| Q4 25 | $-0.11 | $1.52 | ||
| Q3 25 | $-0.03 | $-1.18 | ||
| Q2 25 | $-0.03 | $-1.63 | ||
| Q1 25 | $-0.13 | $-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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $52.4M | $4.2M |
| Total DebtLower is stronger | $110.0M | $483.1M |
| Stockholders' EquityBook value | $229.2M | $-166.2M |
| Total Assets | $430.4M | $410.5M |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.4M | $4.2M | ||
| Q3 25 | $91.9M | $6.2M | ||
| Q2 25 | $26.9M | $5.3M | ||
| Q1 25 | $29.7M | $18.0M | ||
| Q4 24 | — | $937.0K | ||
| Q3 24 | — | $317.0K | ||
| Q2 24 | — | $9.7M | ||
| Q1 24 | — | $8.2M |
| Q4 25 | $110.0M | $483.1M | ||
| Q3 25 | $109.3M | $484.9M | ||
| Q2 25 | — | $478.3M | ||
| Q1 25 | — | $480.0M | ||
| Q4 24 | — | $436.8M | ||
| Q3 24 | — | $398.4M | ||
| Q2 24 | — | $374.0M | ||
| Q1 24 | — | $329.8M |
| Q4 25 | $229.2M | $-166.2M | ||
| Q3 25 | $248.6M | $-158.1M | ||
| Q2 25 | $264.7M | $-132.7M | ||
| Q1 25 | $267.9M | $-134.5M | ||
| Q4 24 | — | $-100.5M | ||
| Q3 24 | — | $-65.6M | ||
| Q2 24 | — | $-32.8M | ||
| Q1 24 | — | $-9.4M |
| Q4 25 | $430.4M | $410.5M | ||
| Q3 25 | $441.9M | $417.8M | ||
| Q2 25 | $359.4M | $426.8M | ||
| Q1 25 | $362.6M | $447.2M | ||
| Q4 24 | — | $428.0M | ||
| Q3 24 | — | $430.8M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $413.4M |
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.44× | — | ||
| Q2 25 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $12.9M | $-3.1M |
| Free Cash FlowOCF − Capex | $7.2M | $-3.6M |
| FCF MarginFCF / Revenue | 57.8% | -29.1% |
| Capex IntensityCapex / Revenue | 46.7% | 3.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-45.0M | $-42.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.9M | $-3.1M | ||
| Q3 25 | $-20.3M | $-8.9M | ||
| Q2 25 | $-9.9M | $-8.7M | ||
| Q1 25 | $-7.7M | $-9.6M | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $-17.2M | ||
| Q2 24 | — | $-4.0M | ||
| Q1 24 | — | $-7.1M |
| Q4 25 | $7.2M | $-3.6M | ||
| Q3 25 | $-26.3M | $-10.1M | ||
| Q2 25 | $-14.1M | $-14.6M | ||
| Q1 25 | $-11.7M | $-14.5M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | — | $-30.0M | ||
| Q2 24 | — | $-28.8M | ||
| Q1 24 | — | $-42.1M |
| Q4 25 | 57.8% | -29.1% | ||
| Q3 25 | -296.6% | -82.8% | ||
| Q2 25 | -385.2% | -121.0% | ||
| Q1 25 | -64.1% | -125.1% | ||
| Q4 24 | — | -85.3% | ||
| Q3 24 | — | -293.1% | ||
| Q2 24 | — | -305.4% | ||
| Q1 24 | — | -501.8% |
| Q4 25 | 46.7% | 3.9% | ||
| Q3 25 | 68.0% | 9.7% | ||
| Q2 25 | 115.1% | 48.9% | ||
| Q1 25 | 21.7% | 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.
