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Side-by-side financial comparison of Forafric Global PLC (AFRI) and COPT DEFENSE PROPERTIES (CDP). Click either name above to swap in a different company.

COPT DEFENSE PROPERTIES is the larger business by last-quarter revenue ($197.4M vs $159.7M, roughly 1.2× Forafric Global PLC). COPT DEFENSE PROPERTIES runs the higher net margin — 20.0% vs -7.5%, a 27.5% gap on every dollar of revenue. COPT DEFENSE PROPERTIES produced more free cash flow last quarter ($288.9M 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.

COPT Defense Properties is a real estate investment trust that invests in office buildings, mostly in the suburbs of the Washington, D.C. metropolitan area. It primarily leases to the U.S. government or companies in the arms industry. As of December 31, 2024, the company owned 164 office buildings comprising 16.5 million square feet and 31 single-tenant data centers comprising 5.9 million square feet.

AFRI vs CDP — Head-to-Head

Bigger by revenue
CDP
CDP
1.2× larger
CDP
$197.4M
$159.7M
AFRI
Higher net margin
CDP
CDP
27.5% more per $
CDP
20.0%
-7.5%
AFRI
More free cash flow
CDP
CDP
$288.7M more FCF
CDP
$288.9M
$146.0K
AFRI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AFRI
AFRI
CDP
CDP
Revenue
$159.7M
$197.4M
Net Profit
$-12.0M
$39.4M
Gross Margin
10.7%
Operating Margin
-2.5%
19.9%
Net Margin
-7.5%
20.0%
Revenue YoY
7.6%
Net Profit YoY
8.0%
EPS (diluted)
$0.32

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
CDP
CDP
Q4 25
$197.4M
Q3 25
$188.8M
Q2 25
$159.7M
$189.9M
Q1 25
$187.9M
Q4 24
$183.4M
Q3 24
$189.2M
Q2 24
$145.6M
$187.3M
Q1 24
$193.3M
Net Profit
AFRI
AFRI
CDP
CDP
Q4 25
$39.4M
Q3 25
$43.7M
Q2 25
$-12.0M
$40.2M
Q1 25
$36.2M
Q4 24
$36.5M
Q3 24
$37.4M
Q2 24
$-8.6M
$36.4M
Q1 24
$33.7M
Gross Margin
AFRI
AFRI
CDP
CDP
Q4 25
Q3 25
Q2 25
10.7%
Q1 25
Q4 24
Q3 24
Q2 24
9.4%
Q1 24
Operating Margin
AFRI
AFRI
CDP
CDP
Q4 25
19.9%
Q3 25
22.5%
Q2 25
-2.5%
21.0%
Q1 25
19.1%
Q4 24
19.7%
Q3 24
19.8%
Q2 24
-0.9%
19.4%
Q1 24
17.5%
Net Margin
AFRI
AFRI
CDP
CDP
Q4 25
20.0%
Q3 25
23.2%
Q2 25
-7.5%
21.1%
Q1 25
19.3%
Q4 24
19.9%
Q3 24
19.8%
Q2 24
-5.9%
19.4%
Q1 24
17.4%
EPS (diluted)
AFRI
AFRI
CDP
CDP
Q4 25
$0.32
Q3 25
$0.37
Q2 25
$0.34
Q1 25
$0.31
Q4 24
$0.31
Q3 24
$0.32
Q2 24
$0.31
Q1 24
$0.29

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
CDP
CDP
Cash + ST InvestmentsLiquidity on hand
$12.2M
$275.0M
Total DebtLower is stronger
$2.8B
Stockholders' EquityBook value
$5.3M
$1.5B
Total Assets
$246.1M
$4.7B
Debt / EquityLower = less leverage
1.83×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
CDP
CDP
Q4 25
$275.0M
Q3 25
$23.7M
Q2 25
$12.2M
$21.3M
Q1 25
$24.3M
Q4 24
$38.3M
Q3 24
$34.5M
Q2 24
$16.4M
$100.4M
Q1 24
$123.1M
Total Debt
AFRI
AFRI
CDP
CDP
Q4 25
$2.8B
Q3 25
$2.4B
Q2 25
$2.4B
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$18.4M
$2.4B
Q1 24
$2.4B
Stockholders' Equity
AFRI
AFRI
CDP
CDP
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$5.3M
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$16.3M
$1.5B
Q1 24
$1.5B
Total Assets
AFRI
AFRI
CDP
CDP
Q4 25
$4.7B
Q3 25
$4.4B
Q2 25
$246.1M
$4.3B
Q1 25
$4.3B
Q4 24
$4.3B
Q3 24
$4.2B
Q2 24
$287.1M
$4.2B
Q1 24
$4.2B
Debt / Equity
AFRI
AFRI
CDP
CDP
Q4 25
1.83×
Q3 25
1.62×
Q2 25
1.63×
Q1 25
1.62×
Q4 24
1.60×
Q3 24
1.61×
Q2 24
1.13×
1.61×
Q1 24
1.63×

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
CDP
CDP
Operating Cash FlowLast quarter
$706.0K
$309.9M
Free Cash FlowOCF − Capex
$146.0K
$288.9M
FCF MarginFCF / Revenue
0.1%
146.4%
Capex IntensityCapex / Revenue
0.4%
10.7%
Cash ConversionOCF / Net Profit
7.87×
TTM Free Cash FlowTrailing 4 quarters
$501.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
CDP
CDP
Q4 25
$309.9M
Q3 25
$68.6M
Q2 25
$706.0K
$87.9M
Q1 25
$72.1M
Q4 24
$331.0M
Q3 24
$65.1M
Q2 24
$10.5M
$93.8M
Q1 24
$71.0M
Free Cash Flow
AFRI
AFRI
CDP
CDP
Q4 25
$288.9M
Q3 25
$62.9M
Q2 25
$146.0K
$84.5M
Q1 25
$65.1M
Q4 24
$299.6M
Q3 24
$61.0M
Q2 24
$6.4M
$88.4M
Q1 24
$57.9M
FCF Margin
AFRI
AFRI
CDP
CDP
Q4 25
146.4%
Q3 25
33.3%
Q2 25
0.1%
44.5%
Q1 25
34.7%
Q4 24
163.3%
Q3 24
32.3%
Q2 24
4.4%
47.2%
Q1 24
30.0%
Capex Intensity
AFRI
AFRI
CDP
CDP
Q4 25
10.7%
Q3 25
3.0%
Q2 25
0.4%
1.8%
Q1 25
3.7%
Q4 24
17.1%
Q3 24
2.1%
Q2 24
2.8%
2.9%
Q1 24
6.8%
Cash Conversion
AFRI
AFRI
CDP
CDP
Q4 25
7.87×
Q3 25
1.57×
Q2 25
2.19×
Q1 25
1.99×
Q4 24
9.08×
Q3 24
1.74×
Q2 24
2.58×
Q1 24
2.11×

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%

CDP
CDP

Segment breakdown not available.

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