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Side-by-side financial comparison of Local Bounti Corporation (LOCL) and OCULAR THERAPEUTIX, INC (OCUL). Click either name above to swap in a different company.
OCULAR THERAPEUTIX, INC is the larger business by last-quarter revenue ($13.3M vs $12.5M, roughly 1.1× Local Bounti Corporation). Local Bounti Corporation runs the higher net margin — -69.8% vs -488.0%, a 418.1% gap on every dollar of revenue. On growth, Local Bounti Corporation posted the faster year-over-year revenue change (23.7% vs -22.4%). Local Bounti Corporation produced more free cash flow last quarter ($-3.6M vs $-57.1M). Over the past eight quarters, Local Bounti Corporation's revenue compounded faster (21.9% CAGR vs -5.3%).
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.
Ocular Therapeutix, Inc. is a biopharmaceutical firm specializing in developing and commercializing innovative ophthalmic therapies. Its products treat acute and chronic eye conditions including post-surgical pain, glaucoma, and dry eye, serving patients and ophthalmology providers primarily across the U.S. and select global markets.
LOCL vs OCUL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.5M | $13.3M |
| Net Profit | $-8.7M | $-64.7M |
| Gross Margin | 12.2% | 88.0% |
| Operating Margin | -106.1% | -526.5% |
| Net Margin | -69.8% | -488.0% |
| Revenue YoY | 23.7% | -22.4% |
| Net Profit YoY | 76.0% | -33.6% |
| 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 | $13.3M | ||
| Q3 25 | $12.2M | $14.5M | ||
| Q2 25 | $12.1M | $13.5M | ||
| Q1 25 | $11.6M | $10.7M | ||
| Q4 24 | $10.1M | $17.1M | ||
| Q3 24 | $10.2M | $15.4M | ||
| Q2 24 | $9.4M | $16.4M | ||
| Q1 24 | $8.4M | $14.8M |
| Q4 25 | $-8.7M | $-64.7M | ||
| Q3 25 | $-26.4M | $-69.4M | ||
| Q2 25 | $-21.6M | $-67.8M | ||
| Q1 25 | $-37.7M | $-64.1M | ||
| Q4 24 | $-36.3M | $-48.4M | ||
| Q3 24 | $-34.3M | $-36.5M | ||
| Q2 24 | $-25.3M | $-43.8M | ||
| Q1 24 | $-24.1M | $-64.8M |
| Q4 25 | 12.2% | 88.0% | ||
| Q3 25 | 11.5% | 87.8% | ||
| Q2 25 | 12.2% | 85.6% | ||
| Q1 25 | 12.6% | 88.2% | ||
| Q4 24 | 5.4% | 92.8% | ||
| Q3 24 | 13.8% | 89.9% | ||
| Q2 24 | 14.3% | 90.8% | ||
| Q1 24 | 9.4% | 91.0% |
| Q4 25 | -106.1% | -526.5% | ||
| Q3 25 | -149.4% | -472.3% | ||
| Q2 25 | -127.7% | -502.6% | ||
| Q1 25 | -135.6% | -597.5% | ||
| Q4 24 | -166.6% | -296.1% | ||
| Q3 24 | -176.0% | -298.2% | ||
| Q2 24 | -146.8% | -265.1% | ||
| Q1 24 | -122.9% | -214.0% |
| Q4 25 | -69.8% | -488.0% | ||
| Q3 25 | -216.6% | -477.3% | ||
| Q2 25 | -178.3% | -503.9% | ||
| Q1 25 | -324.6% | -598.7% | ||
| Q4 24 | -360.1% | -283.3% | ||
| Q3 24 | -335.2% | -236.6% | ||
| Q2 24 | -267.6% | -266.3% | ||
| Q1 24 | -286.9% | -438.9% |
| Q4 25 | $1.52 | $-0.27 | ||
| Q3 25 | $-1.18 | $-0.38 | ||
| Q2 25 | $-1.63 | $-0.39 | ||
| Q1 25 | $-4.32 | $-0.38 | ||
| Q4 24 | $-4.24 | $-0.25 | ||
| Q3 24 | $-4.01 | $-0.22 | ||
| Q2 24 | $-3.00 | $-0.26 | ||
| Q1 24 | $-2.89 | $-0.49 |
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 | $737.1M |
| Total DebtLower is stronger | $483.1M | — |
| Stockholders' EquityBook value | $-166.2M | $654.3M |
| Total Assets | $410.5M | $808.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.2M | $737.1M | ||
| Q3 25 | $6.2M | $344.8M | ||
| Q2 25 | $5.3M | $391.1M | ||
| Q1 25 | $18.0M | $349.7M | ||
| Q4 24 | $937.0K | $392.1M | ||
| Q3 24 | $317.0K | $427.2M | ||
| Q2 24 | $9.7M | $459.7M | ||
| Q1 24 | $8.2M | $482.9M |
| 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 | $654.3M | ||
| Q3 25 | $-158.1M | $258.2M | ||
| Q2 25 | $-132.7M | $305.9M | ||
| Q1 25 | $-134.5M | $265.9M | ||
| Q4 24 | $-100.5M | $315.3M | ||
| Q3 24 | $-65.6M | $352.0M | ||
| Q2 24 | $-32.8M | $377.7M | ||
| Q1 24 | $-9.4M | $408.0M |
| Q4 25 | $410.5M | $808.1M | ||
| Q3 25 | $417.8M | $410.9M | ||
| Q2 25 | $426.8M | $451.3M | ||
| Q1 25 | $447.2M | $405.9M | ||
| Q4 24 | $428.0M | $457.9M | ||
| Q3 24 | $430.8M | $490.4M | ||
| Q2 24 | $438.1M | $517.1M | ||
| Q1 24 | $413.4M | $538.9M |
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 | $-54.2M |
| Free Cash FlowOCF − Capex | $-3.6M | $-57.1M |
| FCF MarginFCF / Revenue | -29.1% | -430.9% |
| Capex IntensityCapex / Revenue | 3.9% | 21.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-42.9M | $-216.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.1M | $-54.2M | ||
| Q3 25 | $-8.9M | $-50.7M | ||
| Q2 25 | $-8.7M | $-55.2M | ||
| Q1 25 | $-9.6M | $-44.7M | ||
| Q4 24 | $1.2M | $-39.4M | ||
| Q3 24 | $-17.2M | $-36.6M | ||
| Q2 24 | $-4.0M | $-24.8M | ||
| Q1 24 | $-7.1M | $-33.9M |
| Q4 25 | $-3.6M | $-57.1M | ||
| Q3 25 | $-10.1M | $-56.7M | ||
| Q2 25 | $-14.6M | $-56.5M | ||
| Q1 25 | $-14.5M | $-46.6M | ||
| Q4 24 | $-8.6M | $-39.6M | ||
| Q3 24 | $-30.0M | $-36.6M | ||
| Q2 24 | $-28.8M | $-25.5M | ||
| Q1 24 | $-42.1M | $-34.1M |
| Q4 25 | -29.1% | -430.9% | ||
| Q3 25 | -82.8% | -390.0% | ||
| Q2 25 | -121.0% | -419.7% | ||
| Q1 25 | -125.1% | -435.6% | ||
| Q4 24 | -85.3% | -232.0% | ||
| Q3 24 | -293.1% | -237.6% | ||
| Q2 24 | -305.4% | -155.4% | ||
| Q1 24 | -501.8% | -231.1% |
| Q4 25 | 3.9% | 21.4% | ||
| Q3 25 | 9.7% | 41.2% | ||
| Q2 25 | 48.9% | 9.3% | ||
| Q1 25 | 42.8% | 18.1% | ||
| Q4 24 | 97.6% | 1.2% | ||
| Q3 24 | 125.0% | 0.6% | ||
| Q2 24 | 263.0% | 4.5% | ||
| Q1 24 | 417.3% | 1.7% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
