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Side-by-side financial comparison of Local Bounti Corporation (LOCL) and Zeo Energy Corp. (ZEO). Click either name above to swap in a different company.
Zeo Energy Corp. is the larger business by last-quarter revenue ($18.6M vs $12.5M, roughly 1.5× Local Bounti Corporation). Zeo Energy Corp. runs the higher net margin — -10.8% vs -69.8%, a 59.0% gap on every dollar of revenue. On growth, Local Bounti Corporation posted the faster year-over-year revenue change (23.7% vs -0.4%). Zeo Energy Corp. produced more free cash flow last quarter ($2.3M vs $-3.6M). Over the past eight quarters, Local Bounti Corporation's revenue compounded faster (21.9% CAGR vs -4.0%).
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.
LOCL vs ZEO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.5M | $18.6M |
| Net Profit | $-8.7M | $-2.0M |
| Gross Margin | 12.2% | — |
| Operating Margin | -106.1% | -11.8% |
| Net Margin | -69.8% | -10.8% |
| Revenue YoY | 23.7% | -0.4% |
| Net Profit YoY | 76.0% | -360.9% |
| 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.
| Q4 25 | $12.5M | $18.6M | ||
| Q3 25 | $12.2M | $23.9M | ||
| Q2 25 | $12.1M | $18.1M | ||
| Q1 25 | $11.6M | $8.8M | ||
| Q4 24 | $10.1M | $18.6M | ||
| Q3 24 | $10.2M | $19.7M | ||
| Q2 24 | $9.4M | $14.8M | ||
| Q1 24 | $8.4M | $20.1M |
| Q4 25 | $-8.7M | $-2.0M | ||
| Q3 25 | $-26.4M | $-3.2M | ||
| Q2 25 | $-21.6M | $-2.4M | ||
| Q1 25 | $-37.7M | $-6.4M | ||
| Q4 24 | $-36.3M | $-435.3K | ||
| Q3 24 | $-34.3M | $-424.3K | ||
| Q2 24 | $-25.3M | $-277.8K | ||
| Q1 24 | $-24.1M | $-1.5M |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 11.5% | 57.9% | ||
| Q2 25 | 12.2% | 59.8% | ||
| Q1 25 | 12.6% | 99.3% | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 13.8% | 50.2% | ||
| Q2 24 | 14.3% | 52.3% | ||
| Q1 24 | 9.4% | — |
| Q4 25 | -106.1% | -11.8% | ||
| Q3 25 | -149.4% | -8.3% | ||
| Q2 25 | -127.7% | -15.8% | ||
| Q1 25 | -135.6% | -153.8% | ||
| Q4 24 | -166.6% | -6.0% | ||
| Q3 24 | -176.0% | -15.2% | ||
| Q2 24 | -146.8% | -18.0% | ||
| Q1 24 | -122.9% | -20.1% |
| Q4 25 | -69.8% | -10.8% | ||
| Q3 25 | -216.6% | -13.5% | ||
| Q2 25 | -178.3% | -13.3% | ||
| Q1 25 | -324.6% | -72.4% | ||
| Q4 24 | -360.1% | -2.3% | ||
| Q3 24 | -335.2% | -2.2% | ||
| Q2 24 | -267.6% | -1.9% | ||
| Q1 24 | -286.9% | -7.6% |
| Q4 25 | $1.52 | — | ||
| Q3 25 | $-1.18 | — | ||
| Q2 25 | $-1.63 | — | ||
| Q1 25 | $-4.32 | $-0.48 | ||
| Q4 24 | $-4.24 | $1.11 | ||
| Q3 24 | $-4.01 | $-0.08 | ||
| Q2 24 | $-3.00 | $0.03 | ||
| Q1 24 | $-2.89 | $-1.54 |
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 | $6.1M |
| Total DebtLower is stronger | $483.1M | $79.1K |
| Stockholders' EquityBook value | $-166.2M | $5.3M |
| Total Assets | $410.5M | $56.9M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.2M | $6.1M | ||
| Q3 25 | $6.2M | $3.9M | ||
| Q2 25 | $5.3M | $68.7K | ||
| Q1 25 | $18.0M | $2.9M | ||
| Q4 24 | $937.0K | $5.6M | ||
| Q3 24 | $317.0K | $4.3M | ||
| Q2 24 | $9.7M | $5.3M | ||
| Q1 24 | $8.2M | — |
| Q4 25 | $483.1M | $79.1K | ||
| Q3 25 | $484.9M | $84.6K | ||
| Q2 25 | $478.3M | $642.8K | ||
| Q1 25 | $480.0M | $715.4K | ||
| Q4 24 | $436.8M | $787.7K | ||
| Q3 24 | $398.4M | $858.6K | ||
| Q2 24 | $374.0M | $1.6M | ||
| Q1 24 | $329.8M | $748.8K |
| Q4 25 | $-166.2M | $5.3M | ||
| Q3 25 | $-158.1M | $-1.7M | ||
| Q2 25 | $-132.7M | $-59.4M | ||
| Q1 25 | $-134.5M | $-23.1M | ||
| Q4 24 | $-100.5M | $-88.9M | ||
| Q3 24 | $-65.6M | $-39.3M | ||
| Q2 24 | $-32.8M | $-53.0M | ||
| Q1 24 | $-9.4M | $-173.0M |
| Q4 25 | $410.5M | $56.9M | ||
| Q3 25 | $417.8M | $58.5M | ||
| Q2 25 | $426.8M | $46.2M | ||
| Q1 25 | $447.2M | $47.4M | ||
| Q4 24 | $428.0M | $61.0M | ||
| Q3 24 | $430.8M | $47.1M | ||
| Q2 24 | $438.1M | $49.1M | ||
| Q1 24 | $413.4M | $50.1M |
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $2.4M |
| Free Cash FlowOCF − Capex | $-3.6M | $2.3M |
| FCF MarginFCF / Revenue | -29.1% | 12.2% |
| Capex IntensityCapex / Revenue | 3.9% | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-42.9M | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.1M | $2.4M | ||
| Q3 25 | $-8.9M | $-6.6M | ||
| Q2 25 | $-8.7M | $-2.3M | ||
| Q1 25 | $-9.6M | $-2.3M | ||
| Q4 24 | $1.2M | $3.5M | ||
| Q3 24 | $-17.2M | $162.2K | ||
| Q2 24 | $-4.0M | $-2.2M | ||
| Q1 24 | $-7.1M | $-10.2M |
| Q4 25 | $-3.6M | $2.3M | ||
| Q3 25 | $-10.1M | $-6.8M | ||
| Q2 25 | $-14.6M | $-2.7M | ||
| Q1 25 | $-14.5M | $-2.6M | ||
| Q4 24 | $-8.6M | $3.4M | ||
| Q3 24 | $-30.0M | $116.5K | ||
| Q2 24 | $-28.8M | $-2.3M | ||
| Q1 24 | $-42.1M | $-10.4M |
| Q4 25 | -29.1% | 12.2% | ||
| Q3 25 | -82.8% | -28.6% | ||
| Q2 25 | -121.0% | -15.0% | ||
| Q1 25 | -125.1% | -30.0% | ||
| Q4 24 | -85.3% | 18.2% | ||
| Q3 24 | -293.1% | 0.6% | ||
| Q2 24 | -305.4% | -15.6% | ||
| Q1 24 | -501.8% | -51.5% |
| Q4 25 | 3.9% | 0.9% | ||
| Q3 25 | 9.7% | 1.0% | ||
| Q2 25 | 48.9% | 2.4% | ||
| Q1 25 | 42.8% | 4.2% | ||
| Q4 24 | 97.6% | 0.5% | ||
| Q3 24 | 125.0% | 0.2% | ||
| Q2 24 | 263.0% | 0.7% | ||
| Q1 24 | 417.3% | 1.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOCL
Segment breakdown not available.
ZEO
| Nonrelated Party | $18.1M | 98% |
| Related Party | $432.1K | 2% |
