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Side-by-side financial comparison of Forafric Global PLC (AFRI) and CBL & ASSOCIATES PROPERTIES INC (CBL). Click either name above to swap in a different company.

Forafric Global PLC is the larger business by last-quarter revenue ($159.7M vs $156.4M, roughly 1.0× CBL & ASSOCIATES PROPERTIES INC). CBL & ASSOCIATES PROPERTIES INC runs the higher net margin — 31.3% vs -7.5%, a 38.9% gap on every dollar of revenue.

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.

CBL & Associates Properties, Inc. is an American real estate investment trust that invests in shopping centers and shopping malls, primarily in the Southeastern and Midwestern United States. The company is organized in Delaware with its headquarters in Chattanooga, Tennessee. Its largest market is Chattanooga, Tennessee. The company's name is based on the initials of its founder, Charles B. Lebovitz.

AFRI vs CBL — Head-to-Head

Bigger by revenue
AFRI
AFRI
1.0× larger
AFRI
$159.7M
$156.4M
CBL
Higher net margin
CBL
CBL
38.9% more per $
CBL
31.3%
-7.5%
AFRI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AFRI
AFRI
CBL
CBL
Revenue
$159.7M
$156.4M
Net Profit
$-12.0M
$49.0M
Gross Margin
10.7%
Operating Margin
-2.5%
Net Margin
-7.5%
31.3%
Revenue YoY
18.8%
Net Profit YoY
29.0%
EPS (diluted)
$1.61

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
CBL
CBL
Q4 25
$156.4M
Q3 25
$139.3M
Q2 25
$159.7M
$140.9M
Q1 25
$141.8M
Q4 24
$131.7M
Q3 24
$125.1M
Q2 24
$145.6M
$129.7M
Q1 24
$129.1M
Net Profit
AFRI
AFRI
CBL
CBL
Q4 25
$49.0M
Q3 25
$75.4M
Q2 25
$-12.0M
$2.8M
Q1 25
$8.8M
Q4 24
$38.0M
Q3 24
$16.2M
Q2 24
$-8.6M
$4.7M
Q1 24
$50.0K
Gross Margin
AFRI
AFRI
CBL
CBL
Q4 25
Q3 25
Q2 25
10.7%
Q1 25
Q4 24
Q3 24
Q2 24
9.4%
Q1 24
Operating Margin
AFRI
AFRI
CBL
CBL
Q4 25
Q3 25
Q2 25
-2.5%
Q1 25
Q4 24
Q3 24
Q2 24
-0.9%
Q1 24
Net Margin
AFRI
AFRI
CBL
CBL
Q4 25
31.3%
Q3 25
54.2%
Q2 25
-7.5%
2.0%
Q1 25
6.2%
Q4 24
28.8%
Q3 24
12.9%
Q2 24
-5.9%
3.7%
Q1 24
0.0%
EPS (diluted)
AFRI
AFRI
CBL
CBL
Q4 25
$1.61
Q3 25
$2.38
Q2 25
$0.08
Q1 25
$0.27
Q4 24
$1.22
Q3 24
$0.52
Q2 24
$0.14
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
CBL
CBL
Cash + ST InvestmentsLiquidity on hand
$12.2M
$42.3M
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$5.3M
$374.9M
Total Assets
$246.1M
$2.7B
Debt / EquityLower = less leverage
5.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
CBL
CBL
Q4 25
$42.3M
Q3 25
$52.6M
Q2 25
$12.2M
$100.3M
Q1 25
$100.3M
Q4 24
$40.8M
Q3 24
$65.1M
Q2 24
$16.4M
$57.7M
Q1 24
$57.7M
Total Debt
AFRI
AFRI
CBL
CBL
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.1B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$1.8B
Q2 24
$18.4M
$1.9B
Q1 24
$1.9B
Stockholders' Equity
AFRI
AFRI
CBL
CBL
Q4 25
$374.9M
Q3 25
$351.4M
Q2 25
$5.3M
$289.4M
Q1 25
$295.0M
Q4 24
$323.5M
Q3 24
$308.3M
Q2 24
$16.3M
$308.8M
Q1 24
$324.2M
Total Assets
AFRI
AFRI
CBL
CBL
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$246.1M
$2.6B
Q1 25
$2.6B
Q4 24
$2.7B
Q3 24
$2.2B
Q2 24
$287.1M
$2.3B
Q1 24
$2.3B
Debt / Equity
AFRI
AFRI
CBL
CBL
Q4 25
5.79×
Q3 25
6.21×
Q2 25
7.39×
Q1 25
7.29×
Q4 24
6.84×
Q3 24
5.76×
Q2 24
1.13×
6.00×
Q1 24
5.74×

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
CBL
CBL
Operating Cash FlowLast quarter
$706.0K
$249.7M
Free Cash FlowOCF − Capex
$146.0K
FCF MarginFCF / Revenue
0.1%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
5.10×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
CBL
CBL
Q4 25
$249.7M
Q3 25
$69.6M
Q2 25
$706.0K
$68.3M
Q1 25
$31.7M
Q4 24
$202.2M
Q3 24
$61.1M
Q2 24
$10.5M
$64.2M
Q1 24
$30.7M
Free Cash Flow
AFRI
AFRI
CBL
CBL
Q4 25
Q3 25
Q2 25
$146.0K
Q1 25
Q4 24
Q3 24
$46.0M
Q2 24
$6.4M
$54.8M
Q1 24
$24.7M
FCF Margin
AFRI
AFRI
CBL
CBL
Q4 25
Q3 25
Q2 25
0.1%
Q1 25
Q4 24
Q3 24
36.8%
Q2 24
4.4%
42.2%
Q1 24
19.1%
Capex Intensity
AFRI
AFRI
CBL
CBL
Q4 25
Q3 25
Q2 25
0.4%
Q1 25
Q4 24
Q3 24
12.1%
Q2 24
2.8%
7.3%
Q1 24
4.7%
Cash Conversion
AFRI
AFRI
CBL
CBL
Q4 25
5.10×
Q3 25
0.92×
Q2 25
24.74×
Q1 25
3.60×
Q4 24
5.32×
Q3 24
3.77×
Q2 24
13.54×
Q1 24
614.76×

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%

CBL
CBL

Segment breakdown not available.

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