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Side-by-side financial comparison of Forafric Global PLC (AFRI) and Alto Ingredients, Inc. (ALTO). Click either name above to swap in a different company.

Alto Ingredients, Inc. is the larger business by last-quarter revenue ($232.0M vs $159.7M, roughly 1.5× Forafric Global PLC). Alto Ingredients, Inc. runs the higher net margin — 9.4% vs -7.5%, a 16.9% gap on every dollar of revenue. Alto Ingredients, Inc. produced more free cash flow last quarter ($7.6M vs $146.0K).

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.

Palo Alto Networks, Inc. is an American multinational cybersecurity company with headquarters in Santa Clara, California. The core product is a platform that includes advanced firewalls and cloud-based offerings that extend those firewalls to cover other aspects of security. The company serves over 70,000 organizations in over 150 countries, including 85 of the Fortune 100. It is home to the Unit 42 threat research team and hosts the Ignite cybersecurity conference. It is a partner organizati...

AFRI vs ALTO — Head-to-Head

Bigger by revenue
ALTO
ALTO
1.5× larger
ALTO
$232.0M
$159.7M
AFRI
Higher net margin
ALTO
ALTO
16.9% more per $
ALTO
9.4%
-7.5%
AFRI
More free cash flow
ALTO
ALTO
$7.4M more FCF
ALTO
$7.6M
$146.0K
AFRI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AFRI
AFRI
ALTO
ALTO
Revenue
$159.7M
$232.0M
Net Profit
$-12.0M
$21.8M
Gross Margin
10.7%
6.5%
Operating Margin
-2.5%
3.2%
Net Margin
-7.5%
9.4%
Revenue YoY
-1.9%
Net Profit YoY
152.3%
EPS (diluted)
$0.28

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
AFRI
AFRI
ALTO
ALTO
Q4 25
$232.0M
Q3 25
$241.0M
Q2 25
$159.7M
$218.4M
Q1 25
$226.5M
Q4 24
$236.3M
Q3 24
$251.8M
Q2 24
$145.6M
$236.5M
Q1 24
$240.6M
Net Profit
AFRI
AFRI
ALTO
ALTO
Q4 25
$21.8M
Q3 25
$14.2M
Q2 25
$-12.0M
$-11.0M
Q1 25
$-11.7M
Q4 24
$-41.7M
Q3 24
$-2.4M
Q2 24
$-8.6M
$-3.1M
Q1 24
$-11.7M
Gross Margin
AFRI
AFRI
ALTO
ALTO
Q4 25
6.5%
Q3 25
9.7%
Q2 25
10.7%
-0.9%
Q1 25
-0.8%
Q4 24
-0.6%
Q3 24
2.4%
Q2 24
9.4%
3.2%
Q1 24
-1.0%
Operating Margin
AFRI
AFRI
ALTO
ALTO
Q4 25
3.2%
Q3 25
7.0%
Q2 25
-2.5%
-3.7%
Q1 25
-4.0%
Q4 24
-16.6%
Q3 24
-0.3%
Q2 24
-0.9%
-0.6%
Q1 24
-4.3%
Net Margin
AFRI
AFRI
ALTO
ALTO
Q4 25
9.4%
Q3 25
5.9%
Q2 25
-7.5%
-5.0%
Q1 25
-5.2%
Q4 24
-17.6%
Q3 24
-1.0%
Q2 24
-5.9%
-1.3%
Q1 24
-4.9%
EPS (diluted)
AFRI
AFRI
ALTO
ALTO
Q4 25
$0.28
Q3 25
$0.19
Q2 25
$-0.15
Q1 25
$-0.16
Q4 24
$-0.56
Q3 24
$-0.04
Q2 24
$-0.05
Q1 24
$-0.17

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
ALTO
ALTO
Cash + ST InvestmentsLiquidity on hand
$12.2M
$23.4M
Total DebtLower is stronger
$84.6M
Stockholders' EquityBook value
$5.3M
$245.2M
Total Assets
$246.1M
$388.8M
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
ALTO
ALTO
Q4 25
$23.4M
Q3 25
$32.5M
Q2 25
$12.2M
$29.8M
Q1 25
$26.8M
Q4 24
$35.5M
Q3 24
$33.6M
Q2 24
$16.4M
$27.1M
Q1 24
$29.3M
Total Debt
AFRI
AFRI
ALTO
ALTO
Q4 25
$84.6M
Q3 25
$106.0M
Q2 25
$124.2M
Q1 25
$117.0M
Q4 24
$99.7M
Q3 24
$90.6M
Q2 24
$18.4M
$98.6M
Q1 24
$92.2M
Stockholders' Equity
AFRI
AFRI
ALTO
ALTO
Q4 25
$245.2M
Q3 25
$222.4M
Q2 25
$5.3M
$207.8M
Q1 25
$213.9M
Q4 24
$225.1M
Q3 24
$263.9M
Q2 24
$16.3M
$265.8M
Q1 24
$268.7M
Total Assets
AFRI
AFRI
ALTO
ALTO
Q4 25
$388.8M
Q3 25
$388.5M
Q2 25
$246.1M
$393.1M
Q1 25
$402.2M
Q4 24
$401.4M
Q3 24
$417.4M
Q2 24
$287.1M
$432.5M
Q1 24
$434.6M
Debt / Equity
AFRI
AFRI
ALTO
ALTO
Q4 25
0.34×
Q3 25
0.48×
Q2 25
0.60×
Q1 25
0.55×
Q4 24
0.44×
Q3 24
0.34×
Q2 24
1.13×
0.37×
Q1 24
0.34×

Cash Flow & Capital Efficiency

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

Metric
AFRI
AFRI
ALTO
ALTO
Operating Cash FlowLast quarter
$706.0K
$9.5M
Free Cash FlowOCF − Capex
$146.0K
$7.6M
FCF MarginFCF / Revenue
0.1%
3.3%
Capex IntensityCapex / Revenue
0.4%
0.8%
Cash ConversionOCF / Net Profit
0.44×
TTM Free Cash FlowTrailing 4 quarters
$8.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
ALTO
ALTO
Q4 25
$9.5M
Q3 25
$22.8M
Q2 25
$706.0K
$-848.0K
Q1 25
$-18.2M
Q4 24
$-9.8M
Q3 24
$18.6M
Q2 24
$10.5M
$-13.7M
Q1 24
$1.4M
Free Cash Flow
AFRI
AFRI
ALTO
ALTO
Q4 25
$7.6M
Q3 25
$21.2M
Q2 25
$146.0K
$-1.3M
Q1 25
$-18.8M
Q4 24
$-11.1M
Q3 24
$18.1M
Q2 24
$6.4M
$-18.4M
Q1 24
$-3.2M
FCF Margin
AFRI
AFRI
ALTO
ALTO
Q4 25
3.3%
Q3 25
8.8%
Q2 25
0.1%
-0.6%
Q1 25
-8.3%
Q4 24
-4.7%
Q3 24
7.2%
Q2 24
4.4%
-7.8%
Q1 24
-1.3%
Capex Intensity
AFRI
AFRI
ALTO
ALTO
Q4 25
0.8%
Q3 25
0.7%
Q2 25
0.4%
0.2%
Q1 25
0.2%
Q4 24
0.5%
Q3 24
0.2%
Q2 24
2.8%
2.0%
Q1 24
1.9%
Cash Conversion
AFRI
AFRI
ALTO
ALTO
Q4 25
0.44×
Q3 25
1.60×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AFRI
AFRI

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

ALTO
ALTO

Pekin Campus Production$105.1M45%
Total Marketing And Distribution Sales$57.9M25%
Marketing And Distributions$55.6M24%
Other$11.2M5%
Kodiak Carbonic LLC$2.1M1%

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