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Side-by-side financial comparison of Largo Inc. (LGO) and UNITED STATES LIME & MINERALS INC (USLM). Click either name above to swap in a different company.

UNITED STATES LIME & MINERALS INC is the larger business by last-quarter revenue ($87.9M vs $87.6K, roughly 1003.7× Largo Inc.). UNITED STATES LIME & MINERALS INC runs the higher net margin — 34.7% vs -59.3%, a 94.0% 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.

United States Lime & Minerals Inc is a leading US-based natural resources enterprise that produces high-calcium lime, dolomitic lime, limestone and related mineral products. Its core client segments cover infrastructure construction, steel manufacturing, agricultural soil amendment, environmental emission control and industrial processing, serving customers across North America.

LGO vs USLM — Head-to-Head

Bigger by revenue
USLM
USLM
1003.7× larger
USLM
$87.9M
$87.6K
LGO
Higher net margin
USLM
USLM
94.0% more per $
USLM
34.7%
-59.3%
LGO

Income Statement — Q3 2025 vs Q4 2025

Metric
LGO
LGO
USLM
USLM
Revenue
$87.6K
$87.9M
Net Profit
$-52.0K
$30.5M
Gross Margin
48.0%
Operating Margin
41.0%
Net Margin
-59.3%
34.7%
Revenue YoY
9.8%
Net Profit YoY
13.2%
EPS (diluted)
$1.06

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
USLM
USLM
Q4 25
$87.9M
Q3 25
$87.6K
$102.0M
Q2 25
$54.4K
$91.5M
Q1 25
$28.2K
$91.3M
Q4 24
$80.1M
Q3 24
$100.7K
$89.4M
Q2 24
$70.7K
$76.5M
Q1 24
$42.2K
$71.7M
Net Profit
LGO
LGO
USLM
USLM
Q4 25
$30.5M
Q3 25
$-52.0K
$38.8M
Q2 25
$-40.0K
$30.8M
Q1 25
$-18.3K
$34.1M
Q4 24
$27.0M
Q3 24
$-18.7K
$33.4M
Q2 24
$-3.9K
$26.1M
Q1 24
$715
$22.4M
Gross Margin
LGO
LGO
USLM
USLM
Q4 25
48.0%
Q3 25
51.2%
Q2 25
45.8%
Q1 25
50.6%
Q4 24
44.3%
Q3 24
48.2%
Q2 24
45.5%
Q1 24
42.7%
Operating Margin
LGO
LGO
USLM
USLM
Q4 25
41.0%
Q3 25
45.3%
Q2 25
39.0%
Q1 25
43.7%
Q4 24
38.8%
Q3 24
42.6%
Q2 24
39.1%
Q1 24
35.9%
Net Margin
LGO
LGO
USLM
USLM
Q4 25
34.7%
Q3 25
-59.3%
38.0%
Q2 25
-73.6%
33.7%
Q1 25
-64.9%
37.4%
Q4 24
33.7%
Q3 24
-18.6%
37.3%
Q2 24
-5.6%
34.0%
Q1 24
1.7%
31.3%
EPS (diluted)
LGO
LGO
USLM
USLM
Q4 25
$1.06
Q3 25
$1.35
Q2 25
$1.07
Q1 25
$1.19
Q4 24
$-2.20
Q3 24
$1.16
Q2 24
$0.91
Q1 24
$3.92

Balance Sheet & Financial Strength

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

Metric
LGO
LGO
USLM
USLM
Cash + ST InvestmentsLiquidity on hand
$371.1M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$630.8M
Total Assets
$681.0M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LGO
LGO
USLM
USLM
Q4 25
$371.1M
Q3 25
$349.5M
Q2 25
$319.9M
Q1 25
$300.6M
Q4 24
$278.0M
Q3 24
$255.0M
Q2 24
$222.5M
Q1 24
$207.0M
Total Debt
LGO
LGO
USLM
USLM
Q4 25
$0
Q3 25
$0
Q2 25
$0
Q1 25
$0
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
LGO
LGO
USLM
USLM
Q4 25
$630.8M
Q3 25
$602.3M
Q2 25
$563.3M
Q1 25
$532.2M
Q4 24
$497.7M
Q3 24
$474.2M
Q2 24
$441.1M
Q1 24
$415.3M
Total Assets
LGO
LGO
USLM
USLM
Q4 25
$681.0M
Q3 25
$652.8M
Q2 25
$607.4M
Q1 25
$585.3M
Q4 24
$543.2M
Q3 24
$521.8M
Q2 24
$484.2M
Q1 24
$464.0M
Debt / Equity
LGO
LGO
USLM
USLM
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

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
USLM
USLM
Operating Cash FlowLast quarter
$45.6M
Free Cash FlowOCF − Capex
$25.7M
FCF MarginFCF / Revenue
29.2%
Capex IntensityCapex / Revenue
22.6%
Cash ConversionOCF / Net Profit
1.49×
TTM Free Cash FlowTrailing 4 quarters
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LGO
LGO
USLM
USLM
Q4 25
$45.6M
Q3 25
$45.9M
Q2 25
$34.0M
Q1 25
$39.4M
Q4 24
$38.6M
Q3 24
$39.0M
Q2 24
$21.2M
Q1 24
$5.0K
$27.2M
Free Cash Flow
LGO
LGO
USLM
USLM
Q4 25
$25.7M
Q3 25
$31.3M
Q2 25
$20.8M
Q1 25
$24.6M
Q4 24
$27.6M
Q3 24
$33.9M
Q2 24
$16.8M
Q1 24
$20.3M
FCF Margin
LGO
LGO
USLM
USLM
Q4 25
29.2%
Q3 25
30.7%
Q2 25
22.7%
Q1 25
26.9%
Q4 24
34.4%
Q3 24
37.9%
Q2 24
21.9%
Q1 24
28.4%
Capex Intensity
LGO
LGO
USLM
USLM
Q4 25
22.6%
Q3 25
14.4%
Q2 25
14.5%
Q1 25
16.3%
Q4 24
13.8%
Q3 24
5.8%
Q2 24
5.7%
Q1 24
9.5%
Cash Conversion
LGO
LGO
USLM
USLM
Q4 25
1.49×
Q3 25
1.18×
Q2 25
1.10×
Q1 25
1.16×
Q4 24
1.43×
Q3 24
1.17×
Q2 24
0.81×
Q1 24
6.93×
1.21×

Financial Flow Comparison

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

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