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Side-by-side financial comparison of Forafric Global PLC (AFRI) and Brown–Forman (BF.B). Click either name above to swap in a different company.

Brown–Forman is the larger business by last-quarter revenue ($1.0B vs $159.7M, roughly 6.5× Forafric Global PLC). Brown–Forman runs the higher net margin — 21.6% vs -7.5%, a 29.2% gap on every dollar of revenue. Brown–Forman produced more free cash flow last quarter ($107.0M 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.

Brown-Forman Corporation is an American family-controlled publicly traded company, one of the largest in the spirits and wine business. Based in Louisville, Kentucky, it manufactures several very well known brands throughout the world, including Jack Daniel's, Old Forester, Woodford Reserve, GlenDronach, BenRiach, Glenglassaugh, Herradura, Korbel, and Chambord. Brown-Forman formerly owned Southern Comfort and Tuaca before selling them off in 2016.

AFRI vs BF.B — Head-to-Head

Bigger by revenue
BF.B
BF.B
6.5× larger
BF.B
$1.0B
$159.7M
AFRI
Higher net margin
BF.B
BF.B
29.2% more per $
BF.B
21.6%
-7.5%
AFRI
More free cash flow
BF.B
BF.B
$106.9M more FCF
BF.B
$107.0M
$146.0K
AFRI

Income Statement — Q2 2025 vs Q2 2026

Metric
AFRI
AFRI
BF.B
BF.B
Revenue
$159.7M
$1.0B
Net Profit
$-12.0M
$224.0M
Gross Margin
10.7%
59.4%
Operating Margin
-2.5%
29.4%
Net Margin
-7.5%
21.6%
Revenue YoY
-5.4%
Net Profit YoY
-13.2%
EPS (diluted)
$0.47

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
BF.B
BF.B
Q4 25
$1.0B
Q3 25
$924.0M
Q2 25
$159.7M
$894.0M
Q1 25
$1.0B
Q4 24
$1.1B
Q3 24
$951.0M
Q2 24
$145.6M
$964.0M
Q1 24
$1.1B
Net Profit
AFRI
AFRI
BF.B
BF.B
Q4 25
$224.0M
Q3 25
$170.0M
Q2 25
$-12.0M
$146.0M
Q1 25
$270.0M
Q4 24
$258.0M
Q3 24
$195.0M
Q2 24
$-8.6M
$266.0M
Q1 24
$285.0M
Gross Margin
AFRI
AFRI
BF.B
BF.B
Q4 25
59.4%
Q3 25
59.7%
Q2 25
10.7%
57.4%
Q1 25
59.8%
Q4 24
59.0%
Q3 24
59.4%
Q2 24
9.4%
59.0%
Q1 24
59.4%
Operating Margin
AFRI
AFRI
BF.B
BF.B
Q4 25
29.4%
Q3 25
28.1%
Q2 25
-2.5%
22.9%
Q1 25
27.1%
Q4 24
31.1%
Q3 24
29.5%
Q2 24
-0.9%
38.9%
Q1 24
34.9%
Net Margin
AFRI
AFRI
BF.B
BF.B
Q4 25
21.6%
Q3 25
18.4%
Q2 25
-7.5%
16.3%
Q1 25
26.1%
Q4 24
23.6%
Q3 24
20.5%
Q2 24
-5.9%
27.6%
Q1 24
26.7%
EPS (diluted)
AFRI
AFRI
BF.B
BF.B
Q4 25
$0.47
Q3 25
$0.36
Q2 25
$0.31
Q1 25
$0.57
Q4 24
$0.55
Q3 24
$0.41
Q2 24
$0.56
Q1 24
$0.60

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
BF.B
BF.B
Cash + ST InvestmentsLiquidity on hand
$12.2M
$319.0M
Total DebtLower is stronger
$2.4B
Stockholders' EquityBook value
$5.3M
$4.1B
Total Assets
$246.1M
$8.2B
Debt / EquityLower = less leverage
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
BF.B
BF.B
Q4 25
$319.0M
Q3 25
$471.0M
Q2 25
$12.2M
$444.0M
Q1 25
$599.0M
Q4 24
$416.0M
Q3 24
$416.0M
Q2 24
$16.4M
$446.0M
Q1 24
$589.0M
Total Debt
AFRI
AFRI
BF.B
BF.B
Q4 25
$2.4B
Q3 25
$2.4B
Q2 25
$2.4B
Q1 25
$2.7B
Q4 24
$2.7B
Q3 24
$2.7B
Q2 24
$18.4M
$2.7B
Q1 24
$2.7B
Stockholders' Equity
AFRI
AFRI
BF.B
BF.B
Q4 25
$4.1B
Q3 25
$4.0B
Q2 25
$5.3M
$4.0B
Q1 25
$3.8B
Q4 24
$3.7B
Q3 24
$3.5B
Q2 24
$16.3M
$3.5B
Q1 24
$3.2B
Total Assets
AFRI
AFRI
BF.B
BF.B
Q4 25
$8.2B
Q3 25
$8.2B
Q2 25
$246.1M
$8.1B
Q1 25
$8.1B
Q4 24
$8.3B
Q3 24
$8.2B
Q2 24
$287.1M
$8.2B
Q1 24
$8.2B
Debt / Equity
AFRI
AFRI
BF.B
BF.B
Q4 25
0.59×
Q3 25
0.61×
Q2 25
0.61×
Q1 25
0.70×
Q4 24
0.73×
Q3 24
0.77×
Q2 24
1.13×
0.76×
Q1 24
0.83×

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
BF.B
BF.B
Operating Cash FlowLast quarter
$706.0K
$132.0M
Free Cash FlowOCF − Capex
$146.0K
$107.0M
FCF MarginFCF / Revenue
0.1%
10.3%
Capex IntensityCapex / Revenue
0.4%
2.4%
Cash ConversionOCF / Net Profit
0.59×
TTM Free Cash FlowTrailing 4 quarters
$610.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
BF.B
BF.B
Q4 25
$132.0M
Q3 25
$160.0M
Q2 25
$706.0K
$152.0M
Q1 25
$317.0M
Q4 24
$112.0M
Q3 24
$17.0M
Q2 24
$10.5M
$285.0M
Q1 24
$265.0M
Free Cash Flow
AFRI
AFRI
BF.B
BF.B
Q4 25
$107.0M
Q3 25
$129.0M
Q2 25
$146.0K
$102.0M
Q1 25
$272.0M
Q4 24
$81.0M
Q3 24
$-24.0M
Q2 24
$6.4M
$205.0M
Q1 24
$196.0M
FCF Margin
AFRI
AFRI
BF.B
BF.B
Q4 25
10.3%
Q3 25
14.0%
Q2 25
0.1%
11.4%
Q1 25
26.3%
Q4 24
7.4%
Q3 24
-2.5%
Q2 24
4.4%
21.3%
Q1 24
18.3%
Capex Intensity
AFRI
AFRI
BF.B
BF.B
Q4 25
2.4%
Q3 25
3.4%
Q2 25
0.4%
5.6%
Q1 25
4.3%
Q4 24
2.8%
Q3 24
4.3%
Q2 24
2.8%
8.3%
Q1 24
6.5%
Cash Conversion
AFRI
AFRI
BF.B
BF.B
Q4 25
0.59×
Q3 25
0.94×
Q2 25
1.04×
Q1 25
1.17×
Q4 24
0.43×
Q3 24
0.09×
Q2 24
1.07×
Q1 24
0.93×

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%

BF.B
BF.B

Whiskey$771.0M74%
Ready To Drink$138.0M13%
Tequila$67.0M6%
Restofportfolio$52.0M5%
Nonbrandedandbulk$8.0M1%

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