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Side-by-side financial comparison of Local Bounti Corporation (LOCL) and TPG Mortgage Investment Trust, Inc. (MITT). Click either name above to swap in a different company.
TPG Mortgage Investment Trust, Inc. is the larger business by last-quarter revenue ($20.4M vs $12.5M, roughly 1.6× Local Bounti Corporation). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs -69.8%, a 134.8% gap on every dollar of revenue. On growth, Local Bounti Corporation posted the faster year-over-year revenue change (23.7% vs 17.7%). Over the past eight quarters, Local Bounti Corporation's revenue compounded faster (21.9% CAGR vs 9.1%).
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.
TPG Mortgage Investment Trust, Inc. is a real estate investment trust managed by global alternative asset firm TPG. It primarily invests in residential and commercial mortgage-backed securities, performing and non-performing mortgage loans, and other credit-linked real estate assets, with its core market being the United States. It generates returns via net interest income from holdings and strategic asset disposition gains.
LOCL vs MITT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.5M | $20.4M |
| Net Profit | $-8.7M | $13.3M |
| Gross Margin | 12.2% | — |
| Operating Margin | -106.1% | 67.1% |
| Net Margin | -69.8% | 65.0% |
| Revenue YoY | 23.7% | 17.7% |
| Net Profit YoY | 76.0% | -7.0% |
| EPS (diluted) | $1.52 | $0.27 |
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 | $12.5M | $20.4M | ||
| Q3 25 | $12.2M | $19.5M | ||
| Q2 25 | $12.1M | $17.8M | ||
| Q1 25 | $11.6M | $18.8M | ||
| Q4 24 | $10.1M | $17.4M | ||
| Q3 24 | $10.2M | $14.9M | ||
| Q2 24 | $9.4M | $16.4M | ||
| Q1 24 | $8.4M | $17.2M |
| Q4 25 | $-8.7M | $13.3M | ||
| Q3 25 | $-26.4M | $20.0M | ||
| Q2 25 | $-21.6M | $3.9M | ||
| Q1 25 | $-37.7M | $11.5M | ||
| Q4 24 | $-36.3M | $14.3M | ||
| Q3 24 | $-34.3M | $16.6M | ||
| Q2 24 | $-25.3M | $3.9M | ||
| Q1 24 | $-24.1M | $20.9M |
| 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 | -106.1% | 67.1% | ||
| Q3 25 | -149.4% | — | ||
| Q2 25 | -127.7% | 20.9% | ||
| Q1 25 | -135.6% | 54.6% | ||
| Q4 24 | -166.6% | 76.7% | ||
| Q3 24 | -176.0% | — | ||
| Q2 24 | -146.8% | 18.4% | ||
| Q1 24 | -122.9% | — |
| Q4 25 | -69.8% | 65.0% | ||
| Q3 25 | -216.6% | 102.5% | ||
| Q2 25 | -178.3% | 22.2% | ||
| Q1 25 | -324.6% | 60.9% | ||
| Q4 24 | -360.1% | 82.2% | ||
| Q3 24 | -335.2% | 111.3% | ||
| Q2 24 | -267.6% | 24.0% | ||
| Q1 24 | -286.9% | 121.6% |
| Q4 25 | $1.52 | $0.27 | ||
| Q3 25 | $-1.18 | $0.47 | ||
| Q2 25 | $-1.63 | $-0.05 | ||
| Q1 25 | $-4.32 | $0.21 | ||
| Q4 24 | $-4.24 | $0.30 | ||
| Q3 24 | $-4.01 | $0.40 | ||
| Q2 24 | $-3.00 | $-0.02 | ||
| Q1 24 | $-2.89 | $0.55 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.2M | $57.8M |
| Total DebtLower is stronger | $483.1M | — |
| Stockholders' EquityBook value | $-166.2M | $560.7M |
| Total Assets | $410.5M | $8.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.2M | $57.8M | ||
| Q3 25 | $6.2M | $59.0M | ||
| Q2 25 | $5.3M | $88.7M | ||
| Q1 25 | $18.0M | $115.5M | ||
| Q4 24 | $937.0K | $118.7M | ||
| Q3 24 | $317.0K | $102.5M | ||
| Q2 24 | $9.7M | $120.9M | ||
| Q1 24 | $8.2M | $100.3M |
| 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 | $-166.2M | $560.7M | ||
| Q3 25 | $-158.1M | $559.8M | ||
| Q2 25 | $-132.7M | $536.4M | ||
| Q1 25 | $-134.5M | $543.9M | ||
| Q4 24 | $-100.5M | $543.4M | ||
| Q3 24 | $-65.6M | $540.1M | ||
| Q2 24 | $-32.8M | $533.5M | ||
| Q1 24 | $-9.4M | $539.6M |
| Q4 25 | $410.5M | $8.7B | ||
| Q3 25 | $417.8M | $9.0B | ||
| Q2 25 | $426.8M | $7.5B | ||
| Q1 25 | $447.2M | $7.3B | ||
| Q4 24 | $428.0M | $6.9B | ||
| Q3 24 | $430.8M | $7.0B | ||
| Q2 24 | $438.1M | $7.1B | ||
| Q1 24 | $413.4M | $6.4B |
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 | $59.6M |
| Free Cash FlowOCF − Capex | $-3.6M | — |
| FCF MarginFCF / Revenue | -29.1% | — |
| Capex IntensityCapex / Revenue | 3.9% | — |
| Cash ConversionOCF / Net Profit | — | 4.48× |
| TTM Free Cash FlowTrailing 4 quarters | $-42.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.1M | $59.6M | ||
| Q3 25 | $-8.9M | $17.4M | ||
| Q2 25 | $-8.7M | $11.5M | ||
| Q1 25 | $-9.6M | $12.0M | ||
| Q4 24 | $1.2M | $55.8M | ||
| Q3 24 | $-17.2M | $14.5M | ||
| Q2 24 | $-4.0M | $13.7M | ||
| Q1 24 | $-7.1M | $12.0M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | — | 4.48× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 2.92× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | 3.91× | ||
| Q3 24 | — | 0.87× | ||
| Q2 24 | — | 3.50× | ||
| Q1 24 | — | 0.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
