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Side-by-side financial comparison of Forafric Global PLC (AFRI) and AVIAT NETWORKS, INC. (AVNW). Click either name above to swap in a different company.
Forafric Global PLC is the larger business by last-quarter revenue ($159.7M vs $111.5M, roughly 1.4× AVIAT NETWORKS, INC.). AVIAT NETWORKS, INC. runs the higher net margin — 5.1% vs -7.5%, a 12.7% gap on every dollar of revenue. AVIAT NETWORKS, INC. produced more free cash flow last quarter ($22.5M 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.
Aviat Networks, Inc. is a global provider of microwave transport and backhaul solutions, providing public and private operators with communications infrastructure to serve telecommunications operators and enterprise customers.
AFRI vs AVNW — Head-to-Head
Income Statement — Q2 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $159.7M | $111.5M |
| Net Profit | $-12.0M | $5.7M |
| Gross Margin | 10.7% | 32.4% |
| Operating Margin | -2.5% | 6.5% |
| Net Margin | -7.5% | 5.1% |
| Revenue YoY | — | -5.7% |
| Net Profit YoY | — | 27.2% |
| EPS (diluted) | — | $0.44 |
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.
| Q4 25 | — | $111.5M | ||
| Q3 25 | — | $107.3M | ||
| Q2 25 | $159.7M | $115.3M | ||
| Q1 25 | — | $112.6M | ||
| Q4 24 | — | $118.2M | ||
| Q3 24 | — | $88.4M | ||
| Q2 24 | $145.6M | $116.7M | ||
| Q1 24 | — | $110.8M |
| Q4 25 | — | $5.7M | ||
| Q3 25 | — | $162.0K | ||
| Q2 25 | $-12.0M | $5.2M | ||
| Q1 25 | — | $3.5M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | — | $-11.9M | ||
| Q2 24 | $-8.6M | $1.5M | ||
| Q1 24 | — | $3.9M |
| Q4 25 | — | 32.4% | ||
| Q3 25 | — | 33.2% | ||
| Q2 25 | 10.7% | 34.2% | ||
| Q1 25 | — | 34.9% | ||
| Q4 24 | — | 34.6% | ||
| Q3 24 | — | 22.4% | ||
| Q2 24 | 9.4% | 35.3% | ||
| Q1 24 | — | 32.5% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 4.8% | ||
| Q2 25 | -2.5% | 7.7% | ||
| Q1 25 | — | 8.3% | ||
| Q4 24 | — | 6.7% | ||
| Q3 24 | — | -17.6% | ||
| Q2 24 | -0.9% | 4.7% | ||
| Q1 24 | — | 5.1% |
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | -7.5% | 4.5% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | -13.4% | ||
| Q2 24 | -5.9% | 1.3% | ||
| Q1 24 | — | 3.5% |
| Q4 25 | — | $0.44 | ||
| Q3 25 | — | $0.01 | ||
| Q2 25 | — | $0.42 | ||
| Q1 25 | — | $0.27 | ||
| Q4 24 | — | $0.35 | ||
| Q3 24 | — | $-0.94 | ||
| Q2 24 | — | $0.11 | ||
| Q1 24 | — | $0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $12.2M | $86.5M |
| Total DebtLower is stronger | — | $105.4M |
| Stockholders' EquityBook value | $5.3M | $271.6M |
| Total Assets | $246.1M | $659.4M |
| Debt / EquityLower = less leverage | — | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $86.5M | ||
| Q3 25 | — | $64.8M | ||
| Q2 25 | $12.2M | $59.7M | ||
| Q1 25 | — | $49.4M | ||
| Q4 24 | — | $52.6M | ||
| Q3 24 | — | $51.0M | ||
| Q2 24 | $16.4M | $64.6M | ||
| Q1 24 | — | $59.2M |
| Q4 25 | — | $105.4M | ||
| Q3 25 | — | $106.5M | ||
| Q2 25 | — | $87.6M | ||
| Q1 25 | — | $73.9M | ||
| Q4 24 | — | $74.9M | ||
| Q3 24 | — | $83.4M | ||
| Q2 24 | $18.4M | $48.4M | ||
| Q1 24 | — | $48.9M |
| Q4 25 | — | $271.6M | ||
| Q3 25 | — | $263.6M | ||
| Q2 25 | $5.3M | $263.2M | ||
| Q1 25 | — | $256.1M | ||
| Q4 24 | — | $249.6M | ||
| Q3 24 | — | $247.1M | ||
| Q2 24 | $16.3M | $255.9M | ||
| Q1 24 | — | $256.0M |
| Q4 25 | — | $659.4M | ||
| Q3 25 | — | $643.3M | ||
| Q2 25 | $246.1M | $633.3M | ||
| Q1 25 | — | $628.3M | ||
| Q4 24 | — | $594.1M | ||
| Q3 24 | — | $590.9M | ||
| Q2 24 | $287.1M | $535.2M | ||
| Q1 24 | — | $490.3M |
| Q4 25 | — | 0.39× | ||
| Q3 25 | — | 0.40× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | 1.13× | 0.19× | ||
| Q1 24 | — | 0.19× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $706.0K | $23.9M |
| Free Cash FlowOCF − Capex | $146.0K | $22.5M |
| FCF MarginFCF / Revenue | 0.1% | 20.2% |
| Capex IntensityCapex / Revenue | 0.4% | 1.3% |
| Cash ConversionOCF / Net Profit | — | 4.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $16.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $23.9M | ||
| Q3 25 | — | $-11.7M | ||
| Q2 25 | $706.0K | $10.5M | ||
| Q1 25 | — | $1.6M | ||
| Q4 24 | — | $20.8M | ||
| Q3 24 | — | $-27.2M | ||
| Q2 24 | $10.5M | $8.3M | ||
| Q1 24 | — | $15.3M |
| Q4 25 | — | $22.5M | ||
| Q3 25 | — | $-13.5M | ||
| Q2 25 | $146.0K | $8.2M | ||
| Q1 25 | — | $-1.2M | ||
| Q4 24 | — | $18.3M | ||
| Q3 24 | — | $-32.6M | ||
| Q2 24 | $6.4M | $7.5M | ||
| Q1 24 | — | $14.8M |
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | -12.6% | ||
| Q2 25 | 0.1% | 7.1% | ||
| Q1 25 | — | -1.0% | ||
| Q4 24 | — | 15.5% | ||
| Q3 24 | — | -36.8% | ||
| Q2 24 | 4.4% | 6.4% | ||
| Q1 24 | — | 13.4% |
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | 0.4% | 2.0% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | 2.8% | 0.7% | ||
| Q1 24 | — | 0.4% |
| Q4 25 | — | 4.18× | ||
| Q3 25 | — | -72.48× | ||
| Q2 25 | — | 2.02× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 4.62× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.37× | ||
| Q1 24 | — | 3.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AFRI
| Sales to external customers, Total | $159.7M | 100% |
| Couscous & Pasta | $934.0K | 1% |
| Soft Wheat | $393.0K | 0% |
AVNW
| Products | $81.2M | 73% |
| Services | $30.3M | 27% |
