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Side-by-side financial comparison of Ladder Capital Corp (LADR) and Local Bounti Corporation (LOCL). Click either name above to swap in a different company.
Ladder Capital Corp is the larger business by last-quarter revenue ($22.3M vs $12.5M, roughly 1.8× Local Bounti Corporation). Ladder Capital Corp runs the higher net margin — 71.0% vs -69.8%, a 140.9% gap on every dollar of revenue. On growth, Local Bounti Corporation posted the faster year-over-year revenue change (23.7% vs -18.0%). Ladder Capital Corp produced more free cash flow last quarter ($78.7M vs $-3.6M). Over the past eight quarters, Local Bounti Corporation's revenue compounded faster (21.9% CAGR vs -22.5%).
Ladder Capital Corp is a leading commercial real estate finance firm operating primarily across the United States. It originates and manages a diversified portfolio of senior secured commercial mortgage loans, mezzanine debt, commercial mortgage-backed securities, and direct real estate assets, serving property owners, operators and developers across major market segments.
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.
LADR vs LOCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.3M | $12.5M |
| Net Profit | $15.9M | $-8.7M |
| Gross Margin | — | 12.2% |
| Operating Margin | 69.5% | -106.1% |
| Net Margin | 71.0% | -69.8% |
| Revenue YoY | -18.0% | 23.7% |
| Net Profit YoY | -49.4% | 76.0% |
| EPS (diluted) | $0.13 | $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 | $22.3M | $12.5M | ||
| Q3 25 | $27.8M | $12.2M | ||
| Q2 25 | $21.5M | $12.1M | ||
| Q1 25 | $20.3M | $11.6M | ||
| Q4 24 | $27.2M | $10.1M | ||
| Q3 24 | $38.4M | $10.2M | ||
| Q2 24 | $34.3M | $9.4M | ||
| Q1 24 | $37.1M | $8.4M |
| Q4 25 | $15.9M | $-8.7M | ||
| Q3 25 | $19.2M | $-26.4M | ||
| Q2 25 | $17.1M | $-21.6M | ||
| Q1 25 | $11.6M | $-37.7M | ||
| Q4 24 | $31.3M | $-36.3M | ||
| Q3 24 | $27.6M | $-34.3M | ||
| Q2 24 | $32.1M | $-25.3M | ||
| Q1 24 | $16.4M | $-24.1M |
| 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 24 | — | 9.4% |
| Q4 25 | 69.5% | -106.1% | ||
| Q3 25 | 72.4% | -149.4% | ||
| Q2 25 | 96.7% | -127.7% | ||
| Q1 25 | 52.7% | -135.6% | ||
| Q4 24 | — | -166.6% | ||
| Q3 24 | 74.1% | -176.0% | ||
| Q2 24 | 90.4% | -146.8% | ||
| Q1 24 | 49.4% | -122.9% |
| Q4 25 | 71.0% | -69.8% | ||
| Q3 25 | 69.0% | -216.6% | ||
| Q2 25 | 79.5% | -178.3% | ||
| Q1 25 | 56.8% | -324.6% | ||
| Q4 24 | 115.1% | -360.1% | ||
| Q3 24 | 71.7% | -335.2% | ||
| Q2 24 | 93.6% | -267.6% | ||
| Q1 24 | 44.2% | -286.9% |
| Q4 25 | $0.13 | $1.52 | ||
| Q3 25 | $0.15 | $-1.18 | ||
| Q2 25 | $0.14 | $-1.63 | ||
| Q1 25 | $0.09 | $-4.32 | ||
| Q4 24 | $0.25 | $-4.24 | ||
| Q3 24 | $0.22 | $-4.01 | ||
| Q2 24 | $0.26 | $-3.00 | ||
| Q1 24 | $0.13 | $-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 | $38.0M | $4.2M |
| Total DebtLower is stronger | — | $483.1M |
| Stockholders' EquityBook value | $1.5B | $-166.2M |
| Total Assets | $5.2B | $410.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.0M | $4.2M | ||
| Q3 25 | $49.4M | $6.2M | ||
| Q2 25 | $134.9M | $5.3M | ||
| Q1 25 | $479.8M | $18.0M | ||
| Q4 24 | $1.3B | $937.0K | ||
| Q3 24 | $1.6B | $317.0K | ||
| Q2 24 | $1.2B | $9.7M | ||
| Q1 24 | $1.2B | $8.2M |
| Q4 25 | — | $483.1M | ||
| Q3 25 | — | $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 | $1.5B | $-166.2M | ||
| Q3 25 | $1.5B | $-158.1M | ||
| Q2 25 | $1.5B | $-132.7M | ||
| Q1 25 | $1.5B | $-134.5M | ||
| Q4 24 | $1.5B | $-100.5M | ||
| Q3 24 | $1.5B | $-65.6M | ||
| Q2 24 | $1.5B | $-32.8M | ||
| Q1 24 | $1.5B | $-9.4M |
| Q4 25 | $5.2B | $410.5M | ||
| Q3 25 | $4.7B | $417.8M | ||
| Q2 25 | $4.5B | $426.8M | ||
| Q1 25 | $4.5B | $447.2M | ||
| Q4 24 | $4.8B | $428.0M | ||
| Q3 24 | $4.8B | $430.8M | ||
| Q2 24 | $4.8B | $438.1M | ||
| Q1 24 | $5.3B | $413.4M |
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 | $87.0M | $-3.1M |
| Free Cash FlowOCF − Capex | $78.7M | $-3.6M |
| FCF MarginFCF / Revenue | 352.4% | -29.1% |
| Capex IntensityCapex / Revenue | 37.4% | 3.9% |
| Cash ConversionOCF / Net Profit | 5.49× | — |
| TTM Free Cash FlowTrailing 4 quarters | $118.3M | $-42.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.0M | $-3.1M | ||
| Q3 25 | $26.3M | $-8.9M | ||
| Q2 25 | $44.0M | $-8.7M | ||
| Q1 25 | $-28.7M | $-9.6M | ||
| Q4 24 | $133.9M | $1.2M | ||
| Q3 24 | $169.0M | $-17.2M | ||
| Q2 24 | $45.4M | $-4.0M | ||
| Q1 24 | $-20.4M | $-7.1M |
| Q4 25 | $78.7M | $-3.6M | ||
| Q3 25 | $25.9M | $-10.1M | ||
| Q2 25 | $43.4M | $-14.6M | ||
| Q1 25 | $-29.6M | $-14.5M | ||
| Q4 24 | $127.4M | $-8.6M | ||
| Q3 24 | $166.0M | $-30.0M | ||
| Q2 24 | $44.9M | $-28.8M | ||
| Q1 24 | $-21.7M | $-42.1M |
| Q4 25 | 352.4% | -29.1% | ||
| Q3 25 | 93.1% | -82.8% | ||
| Q2 25 | 201.6% | -121.0% | ||
| Q1 25 | -145.6% | -125.1% | ||
| Q4 24 | 468.2% | -85.3% | ||
| Q3 24 | 432.1% | -293.1% | ||
| Q2 24 | 131.0% | -305.4% | ||
| Q1 24 | -58.6% | -501.8% |
| Q4 25 | 37.4% | 3.9% | ||
| Q3 25 | 1.7% | 9.7% | ||
| Q2 25 | 2.9% | 48.9% | ||
| Q1 25 | 4.3% | 42.8% | ||
| Q4 24 | 23.9% | 97.6% | ||
| Q3 24 | 7.8% | 125.0% | ||
| Q2 24 | 1.3% | 263.0% | ||
| Q1 24 | 3.7% | 417.3% |
| Q4 25 | 5.49× | — | ||
| Q3 25 | 1.37× | — | ||
| Q2 25 | 2.57× | — | ||
| Q1 25 | -2.49× | — | ||
| Q4 24 | 4.27× | — | ||
| Q3 24 | 6.13× | — | ||
| Q2 24 | 1.41× | — | ||
| Q1 24 | -1.24× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
