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Side-by-side financial comparison of Local Bounti Corporation (LOCL) and Laird Superfood, Inc. (LSF). Click either name above to swap in a different company.

Laird Superfood, Inc. is the larger business by last-quarter revenue ($13.3M vs $12.5M, roughly 1.1× Local Bounti Corporation). Laird Superfood, Inc. runs the higher net margin — -13.2% vs -69.8%, a 56.6% gap on every dollar of revenue. On growth, Local Bounti Corporation posted the faster year-over-year revenue change (23.7% vs 15.0%). Over the past eight quarters, Local Bounti Corporation's revenue compounded faster (21.9% CAGR vs 16.1%).

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.

Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.

LOCL vs LSF — Head-to-Head

Bigger by revenue
LSF
LSF
1.1× larger
LSF
$13.3M
$12.5M
LOCL
Growing faster (revenue YoY)
LOCL
LOCL
+8.7% gap
LOCL
23.7%
15.0%
LSF
Higher net margin
LSF
LSF
56.6% more per $
LSF
-13.2%
-69.8%
LOCL
Faster 2-yr revenue CAGR
LOCL
LOCL
Annualised
LOCL
21.9%
16.1%
LSF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LOCL
LOCL
LSF
LSF
Revenue
$12.5M
$13.3M
Net Profit
$-8.7M
$-1.8M
Gross Margin
12.2%
34.1%
Operating Margin
-106.1%
-13.5%
Net Margin
-69.8%
-13.2%
Revenue YoY
23.7%
15.0%
Net Profit YoY
76.0%
-341.4%
EPS (diluted)
$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.

Revenue
LOCL
LOCL
LSF
LSF
Q4 25
$12.5M
$13.3M
Q3 25
$12.2M
$12.9M
Q2 25
$12.1M
$12.0M
Q1 25
$11.6M
$11.7M
Q4 24
$10.1M
$11.6M
Q3 24
$10.2M
$11.8M
Q2 24
$9.4M
$10.0M
Q1 24
$8.4M
$9.9M
Net Profit
LOCL
LOCL
LSF
LSF
Q4 25
$-8.7M
$-1.8M
Q3 25
$-26.4M
$-975.1K
Q2 25
$-21.6M
$-362.2K
Q1 25
$-37.7M
$-156.2K
Q4 24
$-36.3M
$-398.4K
Q3 24
$-34.3M
$-166.1K
Q2 24
$-25.3M
$-239.1K
Q1 24
$-24.1M
$-1.0M
Gross Margin
LOCL
LOCL
LSF
LSF
Q4 25
12.2%
34.1%
Q3 25
11.5%
36.5%
Q2 25
12.2%
39.9%
Q1 25
12.6%
41.9%
Q4 24
5.4%
38.6%
Q3 24
13.8%
43.0%
Q2 24
14.3%
41.8%
Q1 24
9.4%
40.0%
Operating Margin
LOCL
LOCL
LSF
LSF
Q4 25
-106.1%
-13.5%
Q3 25
-149.4%
-7.7%
Q2 25
-127.7%
-3.3%
Q1 25
-135.6%
-1.9%
Q4 24
-166.6%
-4.1%
Q3 24
-176.0%
-2.3%
Q2 24
-146.8%
-3.4%
Q1 24
-122.9%
-11.0%
Net Margin
LOCL
LOCL
LSF
LSF
Q4 25
-69.8%
-13.2%
Q3 25
-216.6%
-7.6%
Q2 25
-178.3%
-3.0%
Q1 25
-324.6%
-1.3%
Q4 24
-360.1%
-3.4%
Q3 24
-335.2%
-1.4%
Q2 24
-267.6%
-2.4%
Q1 24
-286.9%
-10.3%
EPS (diluted)
LOCL
LOCL
LSF
LSF
Q4 25
$1.52
Q3 25
$-1.18
Q2 25
$-1.63
Q1 25
$-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
LOCL
LOCL
LSF
LSF
Cash + ST InvestmentsLiquidity on hand
$4.2M
$5.1M
Total DebtLower is stronger
$483.1M
Stockholders' EquityBook value
$-166.2M
$11.5M
Total Assets
$410.5M
$19.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOCL
LOCL
LSF
LSF
Q4 25
$4.2M
$5.1M
Q3 25
$6.2M
$5.1M
Q2 25
$5.3M
$3.9M
Q1 25
$18.0M
$7.0M
Q4 24
$937.0K
$8.3M
Q3 24
$317.0K
$7.9M
Q2 24
$9.7M
$7.6M
Q1 24
$8.2M
$7.1M
Total Debt
LOCL
LOCL
LSF
LSF
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
Stockholders' Equity
LOCL
LOCL
LSF
LSF
Q4 25
$-166.2M
$11.5M
Q3 25
$-158.1M
$12.8M
Q2 25
$-132.7M
$13.4M
Q1 25
$-134.5M
$13.3M
Q4 24
$-100.5M
$13.2M
Q3 24
$-65.6M
$13.1M
Q2 24
$-32.8M
$12.6M
Q1 24
$-9.4M
$12.7M
Total Assets
LOCL
LOCL
LSF
LSF
Q4 25
$410.5M
$19.2M
Q3 25
$417.8M
$18.9M
Q2 25
$426.8M
$20.4M
Q1 25
$447.2M
$21.5M
Q4 24
$428.0M
$19.3M
Q3 24
$430.8M
$18.8M
Q2 24
$438.1M
$18.0M
Q1 24
$413.4M
$17.6M

Cash Flow & Capital Efficiency

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

Metric
LOCL
LOCL
LSF
LSF
Operating Cash FlowLast quarter
$-3.1M
$68.4K
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.

Operating Cash Flow
LOCL
LOCL
LSF
LSF
Q4 25
$-3.1M
$68.4K
Q3 25
$-8.9M
$1.2M
Q2 25
$-8.7M
$-2.8M
Q1 25
$-9.6M
$-1.3M
Q4 24
$1.2M
$339.2K
Q3 24
$-17.2M
$305.8K
Q2 24
$-4.0M
$642.7K
Q1 24
$-7.1M
$-422.3K
Free Cash Flow
LOCL
LOCL
LSF
LSF
Q4 25
$-3.6M
Q3 25
$-10.1M
Q2 25
$-14.6M
Q1 25
$-14.5M
Q4 24
$-8.6M
Q3 24
$-30.0M
Q2 24
$-28.8M
Q1 24
$-42.1M
FCF Margin
LOCL
LOCL
LSF
LSF
Q4 25
-29.1%
Q3 25
-82.8%
Q2 25
-121.0%
Q1 25
-125.1%
Q4 24
-85.3%
Q3 24
-293.1%
Q2 24
-305.4%
Q1 24
-501.8%
Capex Intensity
LOCL
LOCL
LSF
LSF
Q4 25
3.9%
Q3 25
9.7%
Q2 25
48.9%
Q1 25
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.

Revenue Breakdown by Segment

LOCL
LOCL

Segment breakdown not available.

LSF
LSF

Wholesale$7.0M52%
Coffee Tea And Hot Chocolate Products$4.4M33%
Hydration And Beverage Enhancing Supplements$1.6M12%
Other$352.6K3%

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