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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and Forafric Global PLC (AFRI). Click either name above to swap in a different company.

Forafric Global PLC is the larger business by last-quarter revenue ($159.7M vs $110.6M, roughly 1.4× American Assets Trust, Inc.). American Assets Trust, Inc. runs the higher net margin — 6.1% vs -7.5%, a 13.6% gap on every dollar of revenue.

Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.

Forafric Global PLC is an Africa-focused agribusiness operating across the full agricultural value chain, covering staple food production, processing, and distribution. Its core markets are North and West Africa, supplying grain, vegetable oil and essential food commodities to consumer, retail and industrial clients.

AAT vs AFRI — Head-to-Head

Bigger by revenue
AFRI
AFRI
1.4× larger
AFRI
$159.7M
$110.6M
AAT
Higher net margin
AAT
AAT
13.6% more per $
AAT
6.1%
-7.5%
AFRI

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
AAT
AAT
AFRI
AFRI
Revenue
$110.6M
$159.7M
Net Profit
$6.7M
$-12.0M
Gross Margin
10.7%
Operating Margin
23.4%
-2.5%
Net Margin
6.1%
-7.5%
Revenue YoY
1.8%
Net Profit YoY
-16.3%
EPS (diluted)
$0.08

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.

Revenue
AAT
AAT
AFRI
AFRI
Q1 26
$110.6M
Q4 25
$110.1M
Q3 25
$109.6M
Q2 25
$107.9M
$159.7M
Q1 25
$108.6M
Q4 24
$113.5M
Q3 24
$122.8M
Q2 24
$110.9M
$145.6M
Net Profit
AAT
AAT
AFRI
AFRI
Q1 26
$6.7M
Q4 25
Q3 25
$4.5M
Q2 25
$5.5M
$-12.0M
Q1 25
$42.5M
Q4 24
Q3 24
$16.7M
Q2 24
$11.9M
$-8.6M
Gross Margin
AAT
AAT
AFRI
AFRI
Q1 26
Q4 25
59.4%
Q3 25
60.5%
Q2 25
62.6%
10.7%
Q1 25
62.0%
Q4 24
61.3%
Q3 24
65.5%
Q2 24
63.6%
9.4%
Operating Margin
AAT
AAT
AFRI
AFRI
Q1 26
23.4%
Q4 25
21.1%
Q3 25
22.6%
Q2 25
24.1%
-2.5%
Q1 25
66.3%
Q4 24
26.5%
Q3 24
30.8%
Q2 24
27.8%
-0.9%
Net Margin
AAT
AAT
AFRI
AFRI
Q1 26
6.1%
Q4 25
Q3 25
4.1%
Q2 25
5.1%
-7.5%
Q1 25
39.2%
Q4 24
Q3 24
13.6%
Q2 24
10.7%
-5.9%
EPS (diluted)
AAT
AAT
AFRI
AFRI
Q1 26
$0.08
Q4 25
$0.06
Q3 25
$0.07
Q2 25
$0.09
Q1 25
$0.70
Q4 24
$0.14
Q3 24
$0.28
Q2 24
$0.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAT
AAT
AFRI
AFRI
Cash + ST InvestmentsLiquidity on hand
$118.3M
$12.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$5.3M
Total Assets
$2.9B
$246.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAT
AAT
AFRI
AFRI
Q1 26
$118.3M
Q4 25
$129.4M
Q3 25
$138.7M
Q2 25
$143.7M
$12.2M
Q1 25
$143.9M
Q4 24
$425.7M
Q3 24
$533.0M
Q2 24
$114.9M
$16.4M
Total Debt
AAT
AAT
AFRI
AFRI
Q1 26
Q4 25
$1.7B
Q3 25
Q2 25
Q1 25
Q4 24
$2.0B
Q3 24
Q2 24
$18.4M
Stockholders' Equity
AAT
AAT
AFRI
AFRI
Q1 26
$1.1B
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
$5.3M
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
$16.3M
Total Assets
AAT
AAT
AFRI
AFRI
Q1 26
$2.9B
Q4 25
$2.9B
Q3 25
$2.9B
Q2 25
$3.0B
$246.1M
Q1 25
$3.0B
Q4 24
$3.3B
Q3 24
$3.4B
Q2 24
$3.0B
$287.1M
Debt / Equity
AAT
AAT
AFRI
AFRI
Q1 26
Q4 25
1.48×
Q3 25
Q2 25
Q1 25
Q4 24
1.72×
Q3 24
Q2 24
1.13×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAT
AAT
AFRI
AFRI
Operating Cash FlowLast quarter
$706.0K
Free Cash FlowOCF − Capex
$146.0K
FCF MarginFCF / Revenue
0.1%
Capex IntensityCapex / Revenue
14.5%
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAT
AAT
AFRI
AFRI
Q1 26
Q4 25
$167.1M
Q3 25
$40.5M
Q2 25
$49.2M
$706.0K
Q1 25
$36.9M
Q4 24
$207.1M
Q3 24
$52.4M
Q2 24
$59.3M
$10.5M
Free Cash Flow
AAT
AAT
AFRI
AFRI
Q1 26
Q4 25
$94.9M
Q3 25
$23.1M
Q2 25
$28.4M
$146.0K
Q1 25
$20.4M
Q4 24
$136.9M
Q3 24
$28.0M
Q2 24
$43.6M
$6.4M
FCF Margin
AAT
AAT
AFRI
AFRI
Q1 26
Q4 25
86.2%
Q3 25
21.1%
Q2 25
26.3%
0.1%
Q1 25
18.8%
Q4 24
120.7%
Q3 24
22.8%
Q2 24
39.3%
4.4%
Capex Intensity
AAT
AAT
AFRI
AFRI
Q1 26
14.5%
Q4 25
65.6%
Q3 25
15.9%
Q2 25
19.3%
0.4%
Q1 25
15.1%
Q4 24
61.9%
Q3 24
19.9%
Q2 24
14.1%
2.8%
Cash Conversion
AAT
AAT
AFRI
AFRI
Q1 26
Q4 25
Q3 25
8.98×
Q2 25
9.01×
Q1 25
0.87×
Q4 24
Q3 24
3.15×
Q2 24
4.98×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAT
AAT

Rental income$104.4M94%
Other$6.2M6%

AFRI
AFRI

Sales to external customers, Total$159.7M100%
Couscous & Pasta$934.0K1%
Soft Wheat$393.0K0%

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