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Side-by-side financial comparison of Forafric Global PLC (AFRI) and BELLRING BRANDS, INC. (BRBR). Click either name above to swap in a different company.

BELLRING BRANDS, INC. is the larger business by last-quarter revenue ($537.3M vs $159.7M, roughly 3.4× Forafric Global PLC). BELLRING BRANDS, INC. runs the higher net margin — 8.1% vs -7.5%, a 15.7% gap on every dollar of revenue. Forafric Global PLC produced more free cash flow last quarter ($146.0K vs $-7.3M).

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.

Bellring Brands, Inc. develops, manufactures and sells high-quality protein and functional nutritional products including ready-to-drink shakes, protein bars, powders and snacks. Its core brands Premier Protein, Dymatize and PowerBar serve health-conscious consumers and fitness enthusiasts across North America via retail, e-commerce and specialty channels.

AFRI vs BRBR — Head-to-Head

Bigger by revenue
BRBR
BRBR
3.4× larger
BRBR
$537.3M
$159.7M
AFRI
Higher net margin
BRBR
BRBR
15.7% more per $
BRBR
8.1%
-7.5%
AFRI
More free cash flow
AFRI
AFRI
$7.4M more FCF
AFRI
$146.0K
$-7.3M
BRBR

Income Statement — Q2 2025 vs Q1 2026

Metric
AFRI
AFRI
BRBR
BRBR
Revenue
$159.7M
$537.3M
Net Profit
$-12.0M
$43.7M
Gross Margin
10.7%
29.9%
Operating Margin
-2.5%
14.6%
Net Margin
-7.5%
8.1%
Revenue YoY
0.8%
Net Profit YoY
-43.2%
EPS (diluted)
$0.36

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
BRBR
BRBR
Q4 25
$537.3M
Q3 25
$648.2M
Q2 25
$159.7M
$547.5M
Q1 25
$588.0M
Q4 24
$532.9M
Q3 24
$555.8M
Q2 24
$145.6M
$515.4M
Q1 24
$494.6M
Net Profit
AFRI
AFRI
BRBR
BRBR
Q4 25
$43.7M
Q3 25
$59.6M
Q2 25
$-12.0M
$21.0M
Q1 25
$58.7M
Q4 24
$76.9M
Q3 24
$71.7M
Q2 24
$-8.6M
$73.7M
Q1 24
$57.2M
Gross Margin
AFRI
AFRI
BRBR
BRBR
Q4 25
29.9%
Q3 25
28.9%
Q2 25
10.7%
35.4%
Q1 25
32.3%
Q4 24
37.5%
Q3 24
36.9%
Q2 24
9.4%
36.8%
Q1 24
33.2%
Operating Margin
AFRI
AFRI
BRBR
BRBR
Q4 25
14.6%
Q3 25
15.8%
Q2 25
-2.5%
8.2%
Q1 25
16.2%
Q4 24
21.6%
Q3 24
20.2%
Q2 24
-0.9%
21.7%
Q1 24
18.4%
Net Margin
AFRI
AFRI
BRBR
BRBR
Q4 25
8.1%
Q3 25
9.2%
Q2 25
-7.5%
3.8%
Q1 25
10.0%
Q4 24
14.4%
Q3 24
12.9%
Q2 24
-5.9%
14.3%
Q1 24
11.6%
EPS (diluted)
AFRI
AFRI
BRBR
BRBR
Q4 25
$0.36
Q3 25
$0.48
Q2 25
$0.16
Q1 25
$0.45
Q4 24
$0.59
Q3 24
$0.54
Q2 24
$0.56
Q1 24
$0.43

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
BRBR
BRBR
Cash + ST InvestmentsLiquidity on hand
$12.2M
$64.1M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$5.3M
$-510.7M
Total Assets
$246.1M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
BRBR
BRBR
Q4 25
$64.1M
Q3 25
$71.8M
Q2 25
$12.2M
$43.7M
Q1 25
$28.1M
Q4 24
$49.6M
Q3 24
$70.8M
Q2 24
$16.4M
$72.6M
Q1 24
$79.3M
Total Debt
AFRI
AFRI
BRBR
BRBR
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$1.0B
Q1 25
$953.7M
Q4 24
$833.4M
Q3 24
$833.1M
Q2 24
$18.4M
$832.7M
Q1 24
$832.4M
Stockholders' Equity
AFRI
AFRI
BRBR
BRBR
Q4 25
$-510.7M
Q3 25
$-453.9M
Q2 25
$5.3M
$-309.9M
Q1 25
$-254.1M
Q4 24
$-146.6M
Q3 24
$-205.9M
Q2 24
$16.3M
$-243.2M
Q1 24
$-247.7M
Total Assets
AFRI
AFRI
BRBR
BRBR
Q4 25
$1.1B
Q3 25
$941.0M
Q2 25
$246.1M
$993.7M
Q1 25
$947.5M
Q4 24
$885.2M
Q3 24
$837.0M
Q2 24
$287.1M
$804.1M
Q1 24
$765.0M
Debt / Equity
AFRI
AFRI
BRBR
BRBR
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
BRBR
BRBR
Operating Cash FlowLast quarter
$706.0K
$-3.1M
Free Cash FlowOCF − Capex
$146.0K
$-7.3M
FCF MarginFCF / Revenue
0.1%
-1.4%
Capex IntensityCapex / Revenue
0.4%
0.8%
Cash ConversionOCF / Net Profit
-0.07×
TTM Free Cash FlowTrailing 4 quarters
$246.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
BRBR
BRBR
Q4 25
$-3.1M
Q3 25
$169.1M
Q2 25
$706.0K
$40.3M
Q1 25
$48.2M
Q4 24
$3.0M
Q3 24
$40.1M
Q2 24
$10.5M
$69.0M
Q1 24
$16.3M
Free Cash Flow
AFRI
AFRI
BRBR
BRBR
Q4 25
$-7.3M
Q3 25
$168.1M
Q2 25
$146.0K
$38.5M
Q1 25
$47.6M
Q4 24
$1.7M
Q3 24
$38.9M
Q2 24
$6.4M
$68.9M
Q1 24
$16.0M
FCF Margin
AFRI
AFRI
BRBR
BRBR
Q4 25
-1.4%
Q3 25
25.9%
Q2 25
0.1%
7.0%
Q1 25
8.1%
Q4 24
0.3%
Q3 24
7.0%
Q2 24
4.4%
13.4%
Q1 24
3.2%
Capex Intensity
AFRI
AFRI
BRBR
BRBR
Q4 25
0.8%
Q3 25
0.2%
Q2 25
0.4%
0.3%
Q1 25
0.1%
Q4 24
0.2%
Q3 24
0.2%
Q2 24
2.8%
0.0%
Q1 24
0.1%
Cash Conversion
AFRI
AFRI
BRBR
BRBR
Q4 25
-0.07×
Q3 25
2.84×
Q2 25
1.92×
Q1 25
0.82×
Q4 24
0.04×
Q3 24
0.56×
Q2 24
0.94×
Q1 24
0.28×

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%

BRBR
BRBR

Shakesandotherbeverages$432.4M80%
Powders$92.1M17%
Other Products$12.8M2%

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