vs

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

Array Technologies, Inc. is the larger business by last-quarter revenue ($226.0M vs $159.7M, roughly 1.4× Forafric Global PLC). Array Technologies, Inc. produced more free cash flow last quarter ($36.2M 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.

ATI Technologies Inc. was a Canadian semiconductor technology corporation based in Markham, Ontario, that specialized in the development of graphics processing units and chipsets. Founded in 1985, the company listed publicly in 1993 and was acquired by AMD in 2006. As a major fabless semiconductor company, ATI conducted research and development in-house and outsourced the manufacturing and assembly of its products. With the decline and eventual bankruptcy of 3dfx in 2000, ATI and its chief ri...

AFRI vs ARRY — Head-to-Head

Bigger by revenue
ARRY
ARRY
1.4× larger
ARRY
$226.0M
$159.7M
AFRI
More free cash flow
ARRY
ARRY
$36.0M more FCF
ARRY
$36.2M
$146.0K
AFRI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AFRI
AFRI
ARRY
ARRY
Revenue
$159.7M
$226.0M
Net Profit
$-12.0M
Gross Margin
10.7%
8.6%
Operating Margin
-2.5%
-65.5%
Net Margin
-7.5%
Revenue YoY
-17.9%
Net Profit YoY
EPS (diluted)
$-1.06

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
ARRY
ARRY
Q4 25
$226.0M
Q3 25
$393.5M
Q2 25
$159.7M
$362.2M
Q1 25
$302.4M
Q4 24
$275.2M
Q3 24
$231.4M
Q2 24
$145.6M
$255.8M
Q1 24
$153.4M
Net Profit
AFRI
AFRI
ARRY
ARRY
Q4 25
Q3 25
$33.5M
Q2 25
$-12.0M
$43.3M
Q1 25
$16.7M
Q4 24
Q3 24
$-141.4M
Q2 24
$-8.6M
$25.7M
Q1 24
$2.2M
Gross Margin
AFRI
AFRI
ARRY
ARRY
Q4 25
8.6%
Q3 25
26.9%
Q2 25
10.7%
26.8%
Q1 25
25.3%
Q4 24
28.5%
Q3 24
33.8%
Q2 24
9.4%
33.6%
Q1 24
35.9%
Operating Margin
AFRI
AFRI
ARRY
ARRY
Q4 25
-65.5%
Q3 25
11.6%
Q2 25
-2.5%
12.8%
Q1 25
9.0%
Q4 24
-51.7%
Q3 24
-57.3%
Q2 24
-0.9%
15.5%
Q1 24
5.5%
Net Margin
AFRI
AFRI
ARRY
ARRY
Q4 25
Q3 25
8.5%
Q2 25
-7.5%
11.9%
Q1 25
5.5%
Q4 24
Q3 24
-61.1%
Q2 24
-5.9%
10.0%
Q1 24
1.4%
EPS (diluted)
AFRI
AFRI
ARRY
ARRY
Q4 25
$-1.06
Q3 25
$0.12
Q2 25
$0.19
Q1 25
$0.02
Q4 24
$-0.94
Q3 24
$-1.02
Q2 24
$0.08
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
ARRY
ARRY
Cash + ST InvestmentsLiquidity on hand
$12.2M
$244.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.3M
$-206.3M
Total Assets
$246.1M
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
ARRY
ARRY
Q4 25
$244.4M
Q3 25
$221.5M
Q2 25
$12.2M
$377.3M
Q1 25
$348.3M
Q4 24
$363.0M
Q3 24
$332.4M
Q2 24
$16.4M
$282.3M
Q1 24
$287.6M
Total Debt
AFRI
AFRI
ARRY
ARRY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$18.4M
Q1 24
Stockholders' Equity
AFRI
AFRI
ARRY
ARRY
Q4 25
$-206.3M
Q3 25
$-46.7M
Q2 25
$5.3M
$-70.9M
Q1 25
$-97.8M
Q4 24
$-118.1M
Q3 24
$64.5M
Q2 24
$16.3M
$200.0M
Q1 24
$231.2M
Total Assets
AFRI
AFRI
ARRY
ARRY
Q4 25
$1.5B
Q3 25
$1.6B
Q2 25
$246.1M
$1.5B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.6B
Q2 24
$287.1M
$1.7B
Q1 24
$1.6B
Debt / Equity
AFRI
AFRI
ARRY
ARRY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
1.13×
Q1 24

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
ARRY
ARRY
Operating Cash FlowLast quarter
$706.0K
$43.6M
Free Cash FlowOCF − Capex
$146.0K
$36.2M
FCF MarginFCF / Revenue
0.1%
16.0%
Capex IntensityCapex / Revenue
0.4%
3.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$79.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
ARRY
ARRY
Q4 25
$43.6M
Q3 25
$27.4M
Q2 25
$706.0K
$43.8M
Q1 25
$-13.1M
Q4 24
$57.6M
Q3 24
$44.9M
Q2 24
$10.5M
$4.0M
Q1 24
$47.5M
Free Cash Flow
AFRI
AFRI
ARRY
ARRY
Q4 25
$36.2M
Q3 25
$21.9M
Q2 25
$146.0K
$37.2M
Q1 25
$-15.4M
Q4 24
$55.9M
Q3 24
$43.9M
Q2 24
$6.4M
$1.8M
Q1 24
$45.1M
FCF Margin
AFRI
AFRI
ARRY
ARRY
Q4 25
16.0%
Q3 25
5.6%
Q2 25
0.1%
10.3%
Q1 25
-5.1%
Q4 24
20.3%
Q3 24
19.0%
Q2 24
4.4%
0.7%
Q1 24
29.4%
Capex Intensity
AFRI
AFRI
ARRY
ARRY
Q4 25
3.3%
Q3 25
1.4%
Q2 25
0.4%
1.8%
Q1 25
0.8%
Q4 24
0.6%
Q3 24
0.5%
Q2 24
2.8%
0.8%
Q1 24
1.6%
Cash Conversion
AFRI
AFRI
ARRY
ARRY
Q4 25
Q3 25
0.82×
Q2 25
1.01×
Q1 25
-0.78×
Q4 24
Q3 24
Q2 24
0.15×
Q1 24
21.94×

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%

ARRY
ARRY

Array Legacy Operations Segment$212.0M94%
STI Operations Segment$14.0M6%

Related Comparisons