Largo (LGO) Gross Margin (2021 - 2024)
Largo (LGO) recorded quarterly Gross Margin of 6251.76% in Q2 2024, down 38.53% quarter-over-quarter from 4513.07% in Q2 2023, and down 173870.0% on a YoY basis from N/an in Q3 2023.
Largo (LGO) Gross Margin (2021 - 2024) Analysis & Trends
Largo's Gross Margin history runs 4 years deep, the most recent figure standing at 6251.76% for Q2 2024.
- In Q2 2024, Gross Margin fell 173870.0% year-over-year to 6251.76%; the TTM figure through Jun 2024 stood at 2573.54% (changed N/A YoY), while the FY2021 annual figure was 100.0%, down 136.0% from the prior year.
- Gross Margin was 6251.76% for Q2 2024 at Largo, down from 4513.07% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 99.99% in Q4 2021 to a low of 6251.76% in Q2 2024.
- Historically, Gross Margin has averaged 2641.21% across 4 years, with a median of 2206.54% in 2023.
- Biggest YoY gain for Gross Margin was 173870 bps in 2024; the steepest drop was 173870 bps in 2024.
- A 4-year view of Gross Margin shows it stood at 99.99% in 2021, then slipped by 0 bps to 99.99% in 2022, then sank by 4613 bps to 4513.07% in 2023, then tumbled by 39 bps to 6251.76% in 2024.
- The last three Gross Margin figures came in at 6251.76% (Q2 2024), 4513.07% (Q2 2023), and 99.99% (Q1 2022), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Elevra Lithium | 556.97 Bn | 556.92 Bn | - | - |
| 2 | Bhp | 421.29 Bn | 411.77 Bn | - | - |
| 3 | Skeena Resources | 17.36 Bn | 17.34 Bn | - | - |
| 4 | Ioneer | 10.78 Bn | 10.76 Bn | - | - |
| 5 | MP Materials | 10.54 Bn | 7.94 Bn | 16.40 Mn | 18.10% |
| 6 | Iperionx | 8.57 Bn | 8.52 Bn | - | - |
| 7 | Materion | 4.58 Bn | 4.57 Bn | 81.84 Mn | 14.88% |
| 8 | Sigma Lithium | 4.36 Bn | 4.36 Bn | 25.57 Mn | 60.38% |
| 9 | Americas Gold & Silver | 4.00 Bn | 3.87 Bn | 16.76 Mn | 45.46% |
| 10 | Largo | 77,111.03 | -8.46 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | -6,251.76% |
| Jun 30, 2023 | -4,513.07% |
| Mar 31, 2022 | 99.99% |
| Dec 31, 2021 | 99.99% |