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Side-by-side financial comparison of Local Bounti Corporation (LOCL) and Village Farms International, Inc. (VFF). Click either name above to swap in a different company.
Local Bounti Corporation is the larger business by last-quarter revenue ($12.5M vs $12.2M, roughly 1.0× Village Farms International, Inc.). Village Farms International, Inc. runs the higher net margin — 19.9% vs -69.8%, a 89.7% gap on every dollar of revenue. On growth, Village Farms International, Inc. posted the faster year-over-year revenue change (31.5% vs 23.7%). Over the past eight quarters, Local Bounti Corporation's revenue compounded faster (21.9% CAGR vs -60.4%).
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.
Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.
LOCL vs VFF — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $12.5M | $12.2M |
| Net Profit | $-8.7M | $2.4M |
| Gross Margin | 12.2% | — |
| Operating Margin | -106.1% | — |
| Net Margin | -69.8% | 19.9% |
| Revenue YoY | 23.7% | 31.5% |
| Net Profit YoY | 76.0% | 128.2% |
| EPS (diluted) | $1.52 | $0.01 |
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 | $12.2M | ||
| Q3 25 | $12.2M | $66.7M | ||
| Q2 25 | $12.1M | $59.9M | ||
| Q1 25 | $11.6M | $77.1M | ||
| Q4 24 | $10.1M | $9.3M | ||
| Q3 24 | $10.2M | $54.9M | ||
| Q2 24 | $9.4M | $53.6M | ||
| Q1 24 | $8.4M | $78.1M |
| Q4 25 | $-8.7M | $2.4M | ||
| Q3 25 | $-26.4M | $10.2M | ||
| Q2 25 | $-21.6M | $26.5M | ||
| Q1 25 | $-37.7M | $-6.7M | ||
| Q4 24 | $-36.3M | $-8.6M | ||
| Q3 24 | $-34.3M | $-820.0K | ||
| Q2 24 | $-25.3M | $-23.5M | ||
| Q1 24 | $-24.1M | $-2.9M |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 11.5% | 47.9% | ||
| Q2 25 | 12.2% | 37.3% | ||
| Q1 25 | 12.6% | 14.7% | ||
| Q4 24 | 5.4% | 32.4% | ||
| Q3 24 | 13.8% | 24.8% | ||
| Q2 24 | 14.3% | 25.4% | ||
| Q1 24 | 9.4% | 19.9% |
| Q4 25 | -106.1% | — | ||
| Q3 25 | -149.4% | 23.3% | ||
| Q2 25 | -127.7% | 20.8% | ||
| Q1 25 | -135.6% | -8.0% | ||
| Q4 24 | -166.6% | -118.3% | ||
| Q3 24 | -176.0% | 3.8% | ||
| Q2 24 | -146.8% | -43.5% | ||
| Q1 24 | -122.9% | -3.0% |
| Q4 25 | -69.8% | 19.9% | ||
| Q3 25 | -216.6% | 15.3% | ||
| Q2 25 | -178.3% | 44.2% | ||
| Q1 25 | -324.6% | -8.7% | ||
| Q4 24 | -360.1% | -92.8% | ||
| Q3 24 | -335.2% | -1.5% | ||
| Q2 24 | -267.6% | -43.9% | ||
| Q1 24 | -286.9% | -3.7% |
| Q4 25 | $1.52 | $0.01 | ||
| Q3 25 | $-1.18 | $0.08 | ||
| Q2 25 | $-1.63 | $0.24 | ||
| Q1 25 | $-4.32 | $-0.06 | ||
| Q4 24 | $-4.24 | $-0.07 | ||
| Q3 24 | $-4.01 | $-0.01 | ||
| Q2 24 | $-3.00 | $-0.21 | ||
| Q1 24 | $-2.89 | $-0.03 |
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 | $81.2M |
| Total DebtLower is stronger | $483.1M | $33.7M |
| Stockholders' EquityBook value | $-166.2M | $299.9M |
| Total Assets | $410.5M | $423.1M |
| Debt / EquityLower = less leverage | — | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.2M | $81.2M | ||
| Q3 25 | $6.2M | $82.6M | ||
| Q2 25 | $5.3M | $60.0M | ||
| Q1 25 | $18.0M | $15.1M | ||
| Q4 24 | $937.0K | $24.6M | ||
| Q3 24 | $317.0K | $28.7M | ||
| Q2 24 | $9.7M | $29.7M | ||
| Q1 24 | $8.2M | $26.7M |
| Q4 25 | $483.1M | $33.7M | ||
| Q3 25 | $484.9M | $34.6M | ||
| Q2 25 | $478.3M | $39.1M | ||
| Q1 25 | $480.0M | $39.2M | ||
| Q4 24 | $436.8M | $40.6M | ||
| Q3 24 | $398.4M | $43.3M | ||
| Q2 24 | $374.0M | $44.4M | ||
| Q1 24 | $329.8M | $46.1M |
| Q4 25 | $-166.2M | $299.9M | ||
| Q3 25 | $-158.1M | $295.4M | ||
| Q2 25 | $-132.7M | $284.3M | ||
| Q1 25 | $-134.5M | $248.3M | ||
| Q4 24 | $-100.5M | $254.0M | ||
| Q3 24 | $-65.6M | $274.4M | ||
| Q2 24 | $-32.8M | $275.2M | ||
| Q1 24 | $-9.4M | $296.2M |
| Q4 25 | $410.5M | $423.1M | ||
| Q3 25 | $417.8M | $418.4M | ||
| Q2 25 | $426.8M | $403.7M | ||
| Q1 25 | $447.2M | $377.1M | ||
| Q4 24 | $428.0M | $389.3M | ||
| Q3 24 | $430.8M | $417.8M | ||
| Q2 24 | $438.1M | $425.4M | ||
| Q1 24 | $413.4M | $458.4M |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | — |
| Free Cash FlowOCF − Capex | $-3.6M | — |
| FCF MarginFCF / Revenue | -29.1% | — |
| Capex IntensityCapex / Revenue | 3.9% | 90.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-42.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.1M | — | ||
| Q3 25 | $-8.9M | $24.4M | ||
| Q2 25 | $-8.7M | — | ||
| Q1 25 | $-9.6M | $-6.4M | ||
| Q4 24 | $1.2M | $412.0K | ||
| Q3 24 | $-17.2M | $4.3M | ||
| Q2 24 | $-4.0M | $5.7M | ||
| Q1 24 | $-7.1M | $-50.0K |
| Q4 25 | $-3.6M | — | ||
| Q3 25 | $-10.1M | $22.6M | ||
| Q2 25 | $-14.6M | — | ||
| Q1 25 | $-14.5M | $-8.9M | ||
| Q4 24 | $-8.6M | $-1.2M | ||
| Q3 24 | $-30.0M | $1.5M | ||
| Q2 24 | $-28.8M | $4.8M | ||
| Q1 24 | $-42.1M | $-1.9M |
| Q4 25 | -29.1% | — | ||
| Q3 25 | -82.8% | 33.9% | ||
| Q2 25 | -121.0% | — | ||
| Q1 25 | -125.1% | -11.6% | ||
| Q4 24 | -85.3% | -13.2% | ||
| Q3 24 | -293.1% | 2.7% | ||
| Q2 24 | -305.4% | 9.0% | ||
| Q1 24 | -501.8% | -2.5% |
| Q4 25 | 3.9% | 90.8% | ||
| Q3 25 | 9.7% | 2.7% | ||
| Q2 25 | 48.9% | 4.6% | ||
| Q1 25 | 42.8% | 3.3% | ||
| Q4 24 | 97.6% | 17.7% | ||
| Q3 24 | 125.0% | 5.1% | ||
| Q2 24 | 263.0% | 1.6% | ||
| Q1 24 | 417.3% | 2.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.39× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOCL
Segment breakdown not available.
VFF
| International Sales | $8.7M | 71% |
| Cannabis United States Segment | $3.4M | 27% |
