Local Bounti(Locl) Financials: Net Profit Margin Compared To Industry Average, Plus Other Key Ratios
Company Report for LOCL
Report - net profit margin
This chart shows the historical trend of net profit margin for LOCL compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Net Profit Margin
Definition: Net profit margin shows how much profit remains after paying all costs — including operating expenses, interest, and taxes — for every dollar of sales. A higher margin means the business is efficient and keeps more of its sales as bottom-line profit. Falling margins may signal rising costs or pricing pressure.
Interpretation:
• In '2021', LOCL's net profit margin was -8792.0%, measuring the overall profitability of the company. Industry average for Farming/Seeds/Milling in '2021' stood at -36.0%.
• In '2022', LOCL's net profit margin was -570.4%, measuring the overall profitability of the company. The increase since '2021' reflects strengthening financial performance. Industry average for Farming/Seeds/Milling in '2022' stood at -60.8%. Industry average declined by 24.8% from previous year.
• In '2023', LOCL's net profit margin was -450.0%, measuring the overall profitability of the company. The increase since '2022' reflects strengthening financial performance. Industry average for Farming/Seeds/Milling in '2023' stood at -38.1%. Industry average increased by 22.7% compared to previous year.
• In '2024', LOCL's net profit margin was -314.4%, measuring the overall profitability of the company. The increase since '2023' reflects strengthening financial performance. Industry average for Farming/Seeds/Milling in '2024' stood at -46.6%. Industry average declined by 8.5% from previous year.
Overall, LOCL's net profit margin has been volatile but showed an upward trend over the past 4 years.
Formula: Net Profit Margin = Net Income / Revenue
Good Range: Ranges 5%-20% for many industries.