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Side-by-side financial comparison of Forafric Global PLC (AFRI) and Ecovyst Inc. (ECVT). Click either name above to swap in a different company.

Ecovyst Inc. is the larger business by last-quarter revenue ($199.4M vs $159.7M, roughly 1.2× Forafric Global PLC). Ecovyst Inc. produced more free cash flow last quarter ($22.9M 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.

Ecovyst Inc. is a global sustainable specialty materials provider that develops and manufactures high-performance catalysts and functional additives. Its offerings serve key segments including industrial manufacturing, consumer goods, and environmental protection, helping clients improve operational efficiency and lower carbon emissions across North America, Europe, and Asia-Pacific markets.

AFRI vs ECVT — Head-to-Head

Bigger by revenue
ECVT
ECVT
1.2× larger
ECVT
$199.4M
$159.7M
AFRI
More free cash flow
ECVT
ECVT
$22.8M more FCF
ECVT
$22.9M
$146.0K
AFRI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AFRI
AFRI
ECVT
ECVT
Revenue
$159.7M
$199.4M
Net Profit
$-12.0M
Gross Margin
10.7%
23.4%
Operating Margin
-2.5%
10.9%
Net Margin
-7.5%
Revenue YoY
34.0%
Net Profit YoY
EPS (diluted)
$0.06

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
ECVT
ECVT
Q4 25
$199.4M
Q3 25
$204.9M
Q2 25
$159.7M
$176.1M
Q1 25
$143.1M
Q4 24
$148.9M
Q3 24
$153.9M
Q2 24
$145.6M
$154.0M
Q1 24
$141.6M
Net Profit
AFRI
AFRI
ECVT
ECVT
Q4 25
Q3 25
$-79.3M
Q2 25
$-12.0M
$6.0M
Q1 25
$-3.6M
Q4 24
Q3 24
$14.3M
Q2 24
$-8.6M
$8.3M
Q1 24
$1.2M
Gross Margin
AFRI
AFRI
ECVT
ECVT
Q4 25
23.4%
Q3 25
25.4%
Q2 25
10.7%
22.8%
Q1 25
13.3%
Q4 24
28.9%
Q3 24
29.3%
Q2 24
9.4%
27.3%
Q1 24
23.5%
Operating Margin
AFRI
AFRI
ECVT
ECVT
Q4 25
10.9%
Q3 25
13.8%
Q2 25
-2.5%
9.0%
Q1 25
-0.7%
Q4 24
15.1%
Q3 24
17.9%
Q2 24
-0.9%
14.1%
Q1 24
9.5%
Net Margin
AFRI
AFRI
ECVT
ECVT
Q4 25
Q3 25
-38.7%
Q2 25
-7.5%
3.4%
Q1 25
-2.5%
Q4 24
Q3 24
9.3%
Q2 24
-5.9%
5.4%
Q1 24
0.9%
EPS (diluted)
AFRI
AFRI
ECVT
ECVT
Q4 25
$0.06
Q3 25
$-0.69
Q2 25
$0.05
Q1 25
$-0.03
Q4 24
$-0.26
Q3 24
$0.12
Q2 24
$0.07
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
ECVT
ECVT
Cash + ST InvestmentsLiquidity on hand
$12.2M
$197.2M
Total DebtLower is stronger
$392.6M
Stockholders' EquityBook value
$5.3M
$603.4M
Total Assets
$246.1M
$1.3B
Debt / EquityLower = less leverage
0.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
ECVT
ECVT
Q4 25
$197.2M
Q3 25
$82.0M
Q2 25
$12.2M
$69.6M
Q1 25
$127.5M
Q4 24
$131.4M
Q3 24
$123.5M
Q2 24
$16.4M
$83.3M
Q1 24
$103.1M
Total Debt
AFRI
AFRI
ECVT
ECVT
Q4 25
$392.6M
Q3 25
$854.8M
Q2 25
$856.6M
Q1 25
$859.0M
Q4 24
$860.8M
Q3 24
$862.7M
Q2 24
$18.4M
$862.4M
Q1 24
$866.2M
Stockholders' Equity
AFRI
AFRI
ECVT
ECVT
Q4 25
$603.4M
Q3 25
$607.9M
Q2 25
$5.3M
$692.4M
Q1 25
$698.7M
Q4 24
$700.5M
Q3 24
$729.4M
Q2 24
$16.3M
$717.3M
Q1 24
$711.4M
Total Assets
AFRI
AFRI
ECVT
ECVT
Q4 25
$1.3B
Q3 25
$1.7B
Q2 25
$246.1M
$1.8B
Q1 25
$1.8B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$287.1M
$1.8B
Q1 24
$1.8B
Debt / Equity
AFRI
AFRI
ECVT
ECVT
Q4 25
0.65×
Q3 25
1.41×
Q2 25
1.24×
Q1 25
1.23×
Q4 24
1.23×
Q3 24
1.18×
Q2 24
1.13×
1.20×
Q1 24
1.22×

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
ECVT
ECVT
Operating Cash FlowLast quarter
$706.0K
$41.8M
Free Cash FlowOCF − Capex
$146.0K
$22.9M
FCF MarginFCF / Revenue
0.1%
11.5%
Capex IntensityCapex / Revenue
0.4%
9.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$69.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
ECVT
ECVT
Q4 25
$41.8M
Q3 25
$55.3M
Q2 25
$706.0K
$33.0M
Q1 25
$10.3M
Q4 24
$43.5M
Q3 24
$59.9M
Q2 24
$10.5M
$10.0M
Q1 24
$36.5M
Free Cash Flow
AFRI
AFRI
ECVT
ECVT
Q4 25
$22.9M
Q3 25
$53.2M
Q2 25
$146.0K
$7.8M
Q1 25
$-14.0M
Q4 24
$30.9M
Q3 24
$53.6M
Q2 24
$6.4M
$-9.3M
Q1 24
$19.1M
FCF Margin
AFRI
AFRI
ECVT
ECVT
Q4 25
11.5%
Q3 25
26.0%
Q2 25
0.1%
4.4%
Q1 25
-9.8%
Q4 24
20.7%
Q3 24
34.9%
Q2 24
4.4%
-6.1%
Q1 24
13.5%
Capex Intensity
AFRI
AFRI
ECVT
ECVT
Q4 25
9.4%
Q3 25
1.0%
Q2 25
0.4%
14.4%
Q1 25
16.9%
Q4 24
8.5%
Q3 24
4.1%
Q2 24
2.8%
12.5%
Q1 24
12.3%
Cash Conversion
AFRI
AFRI
ECVT
ECVT
Q4 25
Q3 25
Q2 25
5.52×
Q1 25
Q4 24
Q3 24
4.21×
Q2 24
1.20×
Q1 24
29.90×

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%

ECVT
ECVT

Industrial Mining Automotive$101.3M51%
Regeneration And Treatment Services$90.0M45%
Other$8.1M4%

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