Latest Ratios: P/E Ratio -0.3x · EV/EBITDA N/A · ROE N/A. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $29M | $50M | $18M | $16M | $144M | $557M | — | — |
| Enterprise Value | $560M | $582M | $454M | $334M | $251M | $485M | — | — |
| P/E Ratio → | -0.31 | — | — | — | — | — | — | — |
| P/S Ratio | 0.60 | 1.04 | 0.46 | 0.60 | 7.40 | 872.92 | — | — |
| P/B Ratio | — | — | — | 1.08 | 1.19 | 5.48 | — | — |
| P/FCF | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 12.02 | 11.90 | 12.10 | 12.87 | 759.51 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 12.1% | 12.1% | 10.7% | 8.0% | 11.4% | 32.3% | -11.0% | — |
| Operating Margin | -129.5% | -129.5% | -154.6% | -424.2% | -485.4% | -7008.9% | -9661.0% | — |
| Net Profit Margin | -195.1% | -195.1% | -314.4% | -450.0% | -570.4% | -8792.0% | -10254.9% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | -181.6% | -99.6% | -113.2% | — | -133.4% |
| ROA | -22.5% | -22.5% | -29.6% | -37.6% | -52.6% | -73.3% | -112.2% | -57.8% |
| ROIC | -13.4% | -13.4% | -13.2% | -31.3% | -55.2% | -185.9% | -122.9% | — |
| ROCE | -16.3% | -16.3% | -16.3% | -38.6% | -49.6% | -67.4% | -134.3% | -66.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 21.44 | 0.99 | 0.24 | — | 0.98 |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | — | — | 20.76 | 0.88 | -0.71 | — | 0.14 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — |
| Interest Coverage | -1.93 | -1.93 | -1.03 | -3.82 | -5.64 | -7.48 | -15.11 | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.41 | 1.41 | 0.34 | 0.84 | 1.47 | 5.87 | 0.27 | 2.56 |
| Quick Ratio | 0.93 | 0.93 | 0.22 | 0.71 | 1.31 | 5.82 | 0.16 | 2.56 |
| Cash Ratio | 0.27 | 0.27 | 0.02 | 0.32 | 0.59 | 5.38 | 0.02 | 2.55 |
| Asset Turnover | — | 0.12 | 0.09 | 0.07 | 0.07 | 0.00 | 0.01 | — |
| Inventory Turnover | 5.73 | 5.73 | 5.00 | 6.02 | 4.80 | 0.47 | 0.37 | — |
| Days Sales Outstanding | — | 16.63 | 21.84 | 40.77 | 50.44 | 62.93 | 1482.26 | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | 4.9% | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 4.9% | — | — |
| Shares Outstanding | — | $23M | $8M | $8M | $8M | $7M | $4M | $771792 |
Imminent liquidity shortfall
According to recent market data, Local Bounti trades at a price-to-sales multiple of 0.65, which appears to reflect a significant liquidity discount compared to traditional agricultural producers, suggesting that investors are increasingly pricing the firm as a distressed asset rather than a high-growth technology-enabled agricultural entity.
The lack of a meaningful P/E or EV/EBITDA multiple highlights the absence of positive earnings or cash flow to anchor traditional valuation models. This low P/S ratio suggests that the market is heavily discounting the company's future revenue potential due to the persistent inability to convert top-line growth into operational profitability.
As reported in financial statements, Local Bounti's ROIC has remained consistently negative, reaching -11.9% in 2026Q1, which indicates that the company is currently destroying shareholder value by deploying capital into projects that fail to generate returns exceeding the cost of the underlying investment.
The persistent negative ROIC trend suggests that the Stack & Flow architecture has yet to achieve the biological yield or operational efficiency required to justify the heavy capital expenditure. Investors should monitor whether management can pivot toward capital-light growth, as the current trajectory of compounding negative returns appears unsustainable.
Based on quarterly data, the company's cash conversion cycle has fluctuated significantly, reaching -27 days in 2026Q1, which suggests that while the firm is effectively leveraging supplier credit, the underlying operational efficiency remains hampered by high inventory holding periods and slow asset turnover.
The asset turnover ratio of 0.03 remains extremely low, indicating that the company's massive investment in property, plant, and equipment is not being utilized effectively to drive revenue. This structural inefficiency implies that the company is over-capitalized relative to its current output, necessitating a significant increase in production volume to improve asset utilization.
As disclosed in recent SEC filings, the current ratio has declined to 1.62 in 2026Q1, but with cash reserves falling to $4.2 million, the company's ability to meet short-term obligations appears increasingly vulnerable to any disruption in revenue or access to external financing markets.
The quick ratio of 1.23 suggests that the company is heavily reliant on inventory liquidation to meet its immediate liabilities, which is a precarious position for a perishable goods producer. This liquidity profile warrants close monitoring, as the firm lacks the cash buffer necessary to absorb even minor operational shocks.
Investors frequently misapply revenue growth as a primary indicator of success for Local Bounti, failing to recognize that in this capital-intensive model, top-line expansion without unit-level profitability serves only to accelerate the depletion of cash reserves rather than signaling long-term economic viability.
The focus on revenue growth obscures the reality that the company's cost structure is largely fixed and currently exceeds its gross profit generation. A more appropriate metric for this business model would be 'Contribution Margin per Square Foot,' which would better isolate the efficiency of the Stack & Flow system from the distorting effects of corporate overhead and rapid expansion costs.
Includes 30+ ratios · 7 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying LOCL stock.
Local Bounti Corporation's current P/E ratio is -0.3x. This places it at the 50th percentile of its historical range.
Based on historical data, Local Bounti Corporation is trading at a P/E of -0.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Local Bounti Corporation has 12.1% gross margin and -129.5% operating margin.