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Side-by-side financial comparison of Largo Inc. (LGO) and ODYSSEY MARINE EXPLORATION INC (OMEX). Click either name above to swap in a different company.

Largo Inc. is the larger business by last-quarter revenue ($87.6K vs $61.0K, roughly 1.4× ODYSSEY MARINE EXPLORATION INC). Largo Inc. runs the higher net margin — -59.3% vs -21439.5%, a 21380.2% gap on every dollar of revenue.

Largo Inc. is a Canada-based critical minerals producer focused on sustainable vanadium extraction and processing. It operates core production assets in Brazil, supplying high-purity vanadium products for steel manufacturing, grid-scale energy storage, and industrial clients across global markets.

Odyssey Marine Exploration, Inc. is an American company engaged in deep-ocean exploration with a focus on the exploration, development and extraction of subsea mineral resources. Starting out as a shipwreck pioneer, Odyssey has discovered some of the most famous deep-ocean shipwrecks in history, including Ancona, Gairsoppa, Nuestra Señora de las Mercedes, Republic, and HMS Victory. Their work has been featured on the Discovery Channel, PBS and National Geographic.

LGO vs OMEX — Head-to-Head

Bigger by revenue
LGO
LGO
1.4× larger
LGO
$87.6K
$61.0K
OMEX
Higher net margin
LGO
LGO
21380.2% more per $
LGO
-59.3%
-21439.5%
OMEX

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
LGO
LGO
OMEX
OMEX
Revenue
$87.6K
$61.0K
Net Profit
$-52.0K
$-13.1M
Gross Margin
Operating Margin
-3494.4%
Net Margin
-59.3%
-21439.5%
Revenue YoY
-71.5%
Net Profit YoY
-170.0%
EPS (diluted)
$-0.31

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
LGO
LGO
OMEX
OMEX
Q3 25
$87.6K
$61.0K
Q2 25
$54.4K
$135.0K
Q1 25
$28.2K
$135.0K
Q4 24
$136.1K
Q3 24
$100.7K
$213.9K
Q2 24
$70.7K
$215.6K
Q1 24
$42.2K
$203.1K
Net Profit
LGO
LGO
OMEX
OMEX
Q3 25
$-52.0K
$-13.1M
Q2 25
$-40.0K
$-14.8M
Q1 25
$-18.3K
$2.2M
Q4 24
$-5.0M
Q3 24
$-18.7K
$18.7M
Q2 24
$-3.9K
$-1.5M
Q1 24
$715
$3.5M
Operating Margin
LGO
LGO
OMEX
OMEX
Q3 25
-3494.4%
Q2 25
-3241.0%
Q1 25
-1648.6%
Q4 24
-1031.0%
Q3 24
-1340.9%
Q2 24
-1399.1%
Q1 24
-2323.0%
Net Margin
LGO
LGO
OMEX
OMEX
Q3 25
-59.3%
-21439.5%
Q2 25
-73.6%
-10998.5%
Q1 25
-64.9%
1660.4%
Q4 24
-3673.4%
Q3 24
-18.6%
8736.9%
Q2 24
-5.6%
-708.4%
Q1 24
1.7%
1722.6%
EPS (diluted)
LGO
LGO
OMEX
OMEX
Q3 25
$-0.31
Q2 25
$-0.48
Q1 25
$0.01
Q4 24
$0.19
Q3 24
$0.13
Q2 24
$-0.07
Q1 24
$-0.18

Balance Sheet & Financial Strength

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

Metric
LGO
LGO
OMEX
OMEX
Cash + ST InvestmentsLiquidity on hand
$5.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-45.4M
Total Assets
$17.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LGO
LGO
OMEX
OMEX
Q3 25
$5.8M
Q2 25
$3.6M
Q1 25
$2.5M
Q4 24
$4.8M
Q3 24
$2.9M
Q2 24
$7.6M
Q1 24
$2.1M
Stockholders' Equity
LGO
LGO
OMEX
OMEX
Q3 25
$-45.4M
Q2 25
$-52.8M
Q1 25
$-13.9M
Q4 24
$-16.2M
Q3 24
$-16.1M
Q2 24
$-35.7M
Q1 24
$-35.1M
Total Assets
LGO
LGO
OMEX
OMEX
Q3 25
$17.7M
Q2 25
$16.6M
Q1 25
$15.8M
Q4 24
$18.5M
Q3 24
$21.8M
Q2 24
$26.3M
Q1 24
$20.6M

Cash Flow & Capital Efficiency

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

Metric
LGO
LGO
OMEX
OMEX
Operating Cash FlowLast quarter
$-2.1M
Free Cash FlowOCF − Capex
$-2.1M
FCF MarginFCF / Revenue
-3438.2%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LGO
LGO
OMEX
OMEX
Q3 25
$-2.1M
Q2 25
$-2.0M
Q1 25
$-2.0M
Q4 24
$-1.8M
Q3 24
$-1.6M
Q2 24
$5.6M
Q1 24
$5.0K
$-1.7M
Free Cash Flow
LGO
LGO
OMEX
OMEX
Q3 25
$-2.1M
Q2 25
Q1 25
Q4 24
$-1.8M
Q3 24
$-1.6M
Q2 24
$5.6M
Q1 24
$-1.8M
FCF Margin
LGO
LGO
OMEX
OMEX
Q3 25
-3438.2%
Q2 25
Q1 25
Q4 24
-1302.1%
Q3 24
-728.7%
Q2 24
2605.0%
Q1 24
-873.2%
Capex Intensity
LGO
LGO
OMEX
OMEX
Q3 25
2.6%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
3.0%
Q3 24
1.9%
Q2 24
9.1%
Q1 24
51.2%
Cash Conversion
LGO
LGO
OMEX
OMEX
Q3 25
Q2 25
Q1 25
-0.87×
Q4 24
Q3 24
-0.08×
Q2 24
Q1 24
6.93×
-0.48×

Financial Flow Comparison

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

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