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Side-by-side financial comparison of John Marshall Bancorp, Inc. (JMSB) and Local Bounti Corporation (LOCL). Click either name above to swap in a different company.
John Marshall Bancorp, Inc. is the larger business by last-quarter revenue ($16.8M vs $12.5M, roughly 1.3× Local Bounti Corporation). John Marshall Bancorp, Inc. runs the higher net margin — 36.3% vs -69.8%, a 106.1% gap on every dollar of revenue. Over the past eight quarters, Local Bounti Corporation's revenue compounded faster (21.9% CAGR vs 15.3%).
John Marshall Bancorp, Inc. is a U.S.-based bank holding company that operates through its wholly owned subsidiary John Marshall Bank. It provides a full suite of commercial and consumer banking products including deposit accounts, commercial loans, residential mortgages, and personal financial services, primarily serving retail customers and small-to-mid-sized businesses across the U.S. Mid-Atlantic region.
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.
JMSB vs LOCL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $16.8M | $12.5M |
| Net Profit | $6.1M | $-8.7M |
| Gross Margin | — | 12.2% |
| Operating Margin | — | -106.1% |
| Net Margin | 36.3% | -69.8% |
| Revenue YoY | — | 23.7% |
| Net Profit YoY | 26.8% | 76.0% |
| EPS (diluted) | $0.43 | $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.
| Q1 26 | $16.8M | — | ||
| Q4 25 | $16.4M | $12.5M | ||
| Q3 25 | $16.3M | $12.2M | ||
| Q2 25 | $15.4M | $12.1M | ||
| Q1 25 | $14.6M | $11.6M | ||
| Q4 24 | $14.3M | $10.1M | ||
| Q3 24 | $13.8M | $10.2M | ||
| Q2 24 | $12.6M | $9.4M |
| Q1 26 | $6.1M | — | ||
| Q4 25 | $5.9M | $-8.7M | ||
| Q3 25 | $5.4M | $-26.4M | ||
| Q2 25 | $5.1M | $-21.6M | ||
| Q1 25 | $4.8M | $-37.7M | ||
| Q4 24 | $4.8M | $-36.3M | ||
| Q3 24 | $4.2M | $-34.3M | ||
| Q2 24 | $3.9M | $-25.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | — | 12.2% | ||
| Q1 25 | — | 12.6% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 13.8% | ||
| Q2 24 | — | 14.3% |
| Q1 26 | — | — | ||
| Q4 25 | 47.4% | -106.1% | ||
| Q3 25 | 42.2% | -149.4% | ||
| Q2 25 | 42.7% | -127.7% | ||
| Q1 25 | 42.4% | -135.6% | ||
| Q4 24 | 42.5% | -166.6% | ||
| Q3 24 | 38.8% | -176.0% | ||
| Q2 24 | 39.7% | -146.8% |
| Q1 26 | 36.3% | — | ||
| Q4 25 | 36.2% | -69.8% | ||
| Q3 25 | 33.2% | -216.6% | ||
| Q2 25 | 33.1% | -178.3% | ||
| Q1 25 | 32.9% | -324.6% | ||
| Q4 24 | 33.3% | -360.1% | ||
| Q3 24 | 30.7% | -335.2% | ||
| Q2 24 | 30.9% | -267.6% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.41 | $1.52 | ||
| Q3 25 | $0.38 | $-1.18 | ||
| Q2 25 | $0.36 | $-1.63 | ||
| Q1 25 | $0.34 | $-4.32 | ||
| Q4 24 | $0.33 | $-4.24 | ||
| Q3 24 | $0.30 | $-4.01 | ||
| Q2 24 | $0.27 | $-3.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $150.2M | $4.2M |
| Total DebtLower is stronger | — | $483.1M |
| Stockholders' EquityBook value | $268.1M | $-166.2M |
| Total Assets | $2.4B | $410.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $150.2M | — | ||
| Q4 25 | $130.0M | $4.2M | ||
| Q3 25 | $163.6M | $6.2M | ||
| Q2 25 | $116.9M | $5.3M | ||
| Q1 25 | $169.1M | $18.0M | ||
| Q4 24 | $122.5M | $937.0K | ||
| Q3 24 | $177.2M | $317.0K | ||
| Q2 24 | $182.6M | $9.7M |
| Q1 26 | — | — | ||
| Q4 25 | $80.9M | $483.1M | ||
| Q3 25 | $80.9M | $484.9M | ||
| Q2 25 | $80.8M | $478.3M | ||
| Q1 25 | $80.8M | $480.0M | ||
| Q4 24 | $80.8M | $436.8M | ||
| Q3 24 | $80.8M | $398.4M | ||
| Q2 24 | $24.7M | $374.0M |
| Q1 26 | $268.1M | — | ||
| Q4 25 | $265.6M | $-166.2M | ||
| Q3 25 | $259.7M | $-158.1M | ||
| Q2 25 | $253.7M | $-132.7M | ||
| Q1 25 | $253.0M | $-134.5M | ||
| Q4 24 | $246.6M | $-100.5M | ||
| Q3 24 | $243.1M | $-65.6M | ||
| Q2 24 | $235.3M | $-32.8M |
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.3B | $410.5M | ||
| Q3 25 | $2.3B | $417.8M | ||
| Q2 25 | $2.3B | $426.8M | ||
| Q1 25 | $2.3B | $447.2M | ||
| Q4 24 | $2.2B | $428.0M | ||
| Q3 24 | $2.3B | $430.8M | ||
| Q2 24 | $2.3B | $438.1M |
| Q1 26 | — | — | ||
| Q4 25 | 0.30× | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.32× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.33× | — | ||
| Q3 24 | 0.33× | — | ||
| Q2 24 | 0.11× | — |
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 | — | $-3.1M |
| Free Cash FlowOCF − Capex | — | $-3.6M |
| FCF MarginFCF / Revenue | — | -29.1% |
| Capex IntensityCapex / Revenue | — | 3.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-42.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $22.6M | $-3.1M | ||
| Q3 25 | $1.2M | $-8.9M | ||
| Q2 25 | $7.5M | $-8.7M | ||
| Q1 25 | $7.0M | $-9.6M | ||
| Q4 24 | $17.3M | $1.2M | ||
| Q3 24 | $1.4M | $-17.2M | ||
| Q2 24 | $10.2M | $-4.0M |
| Q1 26 | — | — | ||
| Q4 25 | $22.0M | $-3.6M | ||
| Q3 25 | $1.2M | $-10.1M | ||
| Q2 25 | $7.4M | $-14.6M | ||
| Q1 25 | $6.6M | $-14.5M | ||
| Q4 24 | $16.8M | $-8.6M | ||
| Q3 24 | $1.3M | $-30.0M | ||
| Q2 24 | $10.1M | $-28.8M |
| Q1 26 | — | — | ||
| Q4 25 | 134.7% | -29.1% | ||
| Q3 25 | 7.3% | -82.8% | ||
| Q2 25 | 47.8% | -121.0% | ||
| Q1 25 | 45.3% | -125.1% | ||
| Q4 24 | 116.9% | -85.3% | ||
| Q3 24 | 9.5% | -293.1% | ||
| Q2 24 | 80.1% | -305.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 3.9% | ||
| Q3 25 | 0.2% | 9.7% | ||
| Q2 25 | 1.0% | 48.9% | ||
| Q1 25 | 2.3% | 42.8% | ||
| Q4 24 | 3.4% | 97.6% | ||
| Q3 24 | 0.8% | 125.0% | ||
| Q2 24 | 0.4% | 263.0% |
| Q1 26 | — | — | ||
| Q4 25 | 3.82× | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 1.45× | — | ||
| Q4 24 | 3.61× | — | ||
| Q3 24 | 0.33× | — | ||
| Q2 24 | 2.60× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JMSB
| Net Interest Income | $16.5M | 98% |
| Noninterest Income | $284.0K | 2% |
LOCL
Segment breakdown not available.
