Largo (LGO) Net Margin (2020 - 2026)
Largo's Net Margin was -51.67% in the quarter ended Jun 30, 2026, down 29.65 percentage points from -22.02% a year earlier and down 34.49 percentage points from the prior quarter.
Largo (LGO) Net Margin (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Largo's Net Margin was -63.94% through Jun 30, 2026, down 40.33 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 21.12%, down 0.16 percentage points from the prior year.
- Net Margin shows a five-year change of +15.49 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Net Margin was 21.28% in the year ended Dec 31, 2024 (+1.02 pp), 20.26% in the year ended Dec 31, 2023 (+21.23 pp), -0.97% in the year ended Dec 31, 2022 (-12.35 pp) and 11.38% in the year ended Dec 31, 2021 (+5.75 pp).
- Quarterly Net Margin has moved between -110.08% (the quarter ended Sep 30, 2025) and 32.78% (the quarter ended Jun 30, 2024) over five years.
- Compared with a year earlier, Net Margin was higher in 1 of the last eight quarters, with an average year-over-year change of -47.09 percentage points.
- The best year-over-year quarter for Net Margin over five years was the quarter ended Dec 31, 2023 (a gain of 63.03 percentage points); the worst was the quarter ended Dec 31, 2025 (a drop of 77.07 percentage points).
- Per Business Quant data, LGO's Net Margin in the three quarters before the quarter ended Jun 30, 2026 was -17.18% (quarter ended Mar 31, 2026), -77.07% (quarter ended Dec 31, 2025) and -110.08% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | - |
| 2 | Southern Copper | 169.08 Bn | 147.94 Bn | 2.90 Bn | 38.94% |
| 3 | Newmont | 122.31 Bn | 90.49 Bn | 4.03 Bn | 35.99% |
| 4 | Ternium | 109.20 Bn | 74.25 Bn | 941.02 Mn | 7.92% |
| 5 | Freeport-Mcmoran | 103.31 Bn | 99.46 Bn | 2.19 Bn | 14.00% |
| 6 | Agnico Eagle Mines | 92.04 Bn | 92.04 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 68.84 Bn | 53.58 Bn | 2.90 Bn | 35.75% |
| 8 | Nucor | 55.48 Bn | 46.02 Bn | 2.03 Bn | 11.12% |
| 9 | ArcelorMittal | 53.16 Bn | 34.19 Bn | - | 12.31% |
| 10 | Largo | 33.92 Mn | 7.00 Mn | - | -51.67% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -51.67% |
| Mar 31, 2026 | -17.18% |
| Dec 31, 2025 | -77.07% |
| Sep 30, 2025 | -110.08% |
| Jun 30, 2025 | -22.02% |
| Mar 31, 2025 | -34.67% |
| Dec 31, 2024 | 0.00% |
| Sep 30, 2024 | -33.73% |
| Jun 30, 2024 | 32.78% |
| Mar 31, 2024 | 30.83% |
| Dec 31, 2023 | 30.11% |
| Sep 30, 2023 | 27.02% |
| Jun 30, 2023 | -11.23% |
| Mar 31, 2023 | 2.10% |
| Dec 31, 2022 | -32.92% |
| Sep 30, 2022 | 16.31% |
| Jun 30, 2022 | -1.39% |
| Mar 31, 2022 | 4.58% |
| Dec 31, 2021 | 0.04% |
| Sep 30, 2021 | 6.08% |
Largo Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=LGO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "LGO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=LGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();