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Side-by-side financial comparison of Forafric Global PLC (AFRI) and Vita Coco Company, Inc. (COCO). Click either name above to swap in a different company.

Forafric Global PLC is the larger business by last-quarter revenue ($159.7M vs $127.8M, roughly 1.2× Vita Coco Company, Inc.). Vita Coco Company, Inc. runs the higher net margin — 4.3% vs -7.5%, a 11.9% gap on every dollar of revenue. Forafric Global PLC produced more free cash flow last quarter ($146.0K vs $-7.1M).

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.

The Vita Coco Company, doing business simply as Vita Coco, is an American beverage company which mainly sells coconut water. The largest brand globally in coconut/plant waters, Vita Coco has operations in 31 countries as of 2016. It is a benefit corporation. The company is owned by All Market Inc.

AFRI vs COCO — Head-to-Head

Bigger by revenue
AFRI
AFRI
1.2× larger
AFRI
$159.7M
$127.8M
COCO
Higher net margin
COCO
COCO
11.9% more per $
COCO
4.3%
-7.5%
AFRI
More free cash flow
AFRI
AFRI
$7.3M more FCF
AFRI
$146.0K
$-7.1M
COCO

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AFRI
AFRI
COCO
COCO
Revenue
$159.7M
$127.8M
Net Profit
$-12.0M
$5.5M
Gross Margin
10.7%
34.9%
Operating Margin
-2.5%
8.0%
Net Margin
-7.5%
4.3%
Revenue YoY
0.4%
Net Profit YoY
64.0%
EPS (diluted)
$0.10

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
COCO
COCO
Q4 25
$127.8M
Q3 25
$182.3M
Q2 25
$159.7M
$168.8M
Q1 25
$130.9M
Q4 24
$127.3M
Q3 24
$132.9M
Q2 24
$145.6M
$144.1M
Q1 24
$111.7M
Net Profit
AFRI
AFRI
COCO
COCO
Q4 25
$5.5M
Q3 25
$24.0M
Q2 25
$-12.0M
$22.9M
Q1 25
$18.9M
Q4 24
$3.4M
Q3 24
$19.3M
Q2 24
$-8.6M
$19.1M
Q1 24
$14.2M
Gross Margin
AFRI
AFRI
COCO
COCO
Q4 25
34.9%
Q3 25
37.7%
Q2 25
10.7%
36.3%
Q1 25
36.7%
Q4 24
32.5%
Q3 24
38.8%
Q2 24
9.4%
40.8%
Q1 24
42.2%
Operating Margin
AFRI
AFRI
COCO
COCO
Q4 25
8.0%
Q3 25
15.3%
Q2 25
-2.5%
14.9%
Q1 25
14.7%
Q4 24
3.4%
Q3 24
15.5%
Q2 24
-0.9%
20.8%
Q1 24
17.0%
Net Margin
AFRI
AFRI
COCO
COCO
Q4 25
4.3%
Q3 25
13.2%
Q2 25
-7.5%
13.6%
Q1 25
14.4%
Q4 24
2.6%
Q3 24
14.5%
Q2 24
-5.9%
13.2%
Q1 24
12.7%
EPS (diluted)
AFRI
AFRI
COCO
COCO
Q4 25
$0.10
Q3 25
$0.40
Q2 25
$0.38
Q1 25
$0.31
Q4 24
$0.06
Q3 24
$0.32
Q2 24
$0.32
Q1 24
$0.24

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
COCO
COCO
Cash + ST InvestmentsLiquidity on hand
$12.2M
$196.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.3M
$331.5M
Total Assets
$246.1M
$461.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
COCO
COCO
Q4 25
$196.9M
Q3 25
$203.7M
Q2 25
$12.2M
$167.0M
Q1 25
$153.6M
Q4 24
$164.7M
Q3 24
$156.7M
Q2 24
$16.4M
$150.1M
Q1 24
$123.0M
Total Debt
AFRI
AFRI
COCO
COCO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$18.4M
Q1 24
Stockholders' Equity
AFRI
AFRI
COCO
COCO
Q4 25
$331.5M
Q3 25
$323.7M
Q2 25
$5.3M
$296.9M
Q1 25
$277.9M
Q4 24
$258.8M
Q3 24
$252.1M
Q2 24
$16.3M
$232.0M
Q1 24
$209.7M
Total Assets
AFRI
AFRI
COCO
COCO
Q4 25
$461.2M
Q3 25
$461.3M
Q2 25
$246.1M
$421.1M
Q1 25
$384.0M
Q4 24
$362.4M
Q3 24
$353.1M
Q2 24
$287.1M
$323.0M
Q1 24
$289.0M
Debt / Equity
AFRI
AFRI
COCO
COCO
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
COCO
COCO
Operating Cash FlowLast quarter
$706.0K
$-3.9M
Free Cash FlowOCF − Capex
$146.0K
$-7.1M
FCF MarginFCF / Revenue
0.1%
-5.6%
Capex IntensityCapex / Revenue
0.4%
2.5%
Cash ConversionOCF / Net Profit
-0.70×
TTM Free Cash FlowTrailing 4 quarters
$39.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
COCO
COCO
Q4 25
$-3.9M
Q3 25
$39.1M
Q2 25
$706.0K
$21.8M
Q1 25
$-9.8M
Q4 24
$6.9M
Q3 24
$9.3M
Q2 24
$10.5M
$26.9M
Q1 24
$-267.0K
Free Cash Flow
AFRI
AFRI
COCO
COCO
Q4 25
$-7.1M
Q3 25
$35.6M
Q2 25
$146.0K
$20.9M
Q1 25
$-10.4M
Q4 24
$6.8M
Q3 24
$8.9M
Q2 24
$6.4M
$26.6M
Q1 24
$-391.0K
FCF Margin
AFRI
AFRI
COCO
COCO
Q4 25
-5.6%
Q3 25
19.6%
Q2 25
0.1%
12.4%
Q1 25
-7.9%
Q4 24
5.3%
Q3 24
6.7%
Q2 24
4.4%
18.5%
Q1 24
-0.4%
Capex Intensity
AFRI
AFRI
COCO
COCO
Q4 25
2.5%
Q3 25
1.9%
Q2 25
0.4%
0.6%
Q1 25
0.4%
Q4 24
0.1%
Q3 24
0.3%
Q2 24
2.8%
0.2%
Q1 24
0.1%
Cash Conversion
AFRI
AFRI
COCO
COCO
Q4 25
-0.70×
Q3 25
1.63×
Q2 25
0.95×
Q1 25
-0.52×
Q4 24
2.05×
Q3 24
0.48×
Q2 24
1.41×
Q1 24
-0.02×

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%

COCO
COCO

Vita Coco Coconut Water$85.3M67%
Other$25.3M20%
Private Label$12.5M10%

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