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

Excelerate Energy, Inc. is the larger business by last-quarter revenue ($317.6M vs $159.7M, roughly 2.0× Forafric Global PLC).

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.

Excelerate Energy, Inc. is a global leading provider of flexible liquefied natural gas (LNG) solutions, offering floating storage and regasification units, LNG delivery services and integrated infrastructure projects. It serves utility and industrial clients across Europe, Asia, Latin America and the Middle East, supporting markets to achieve accessible low-carbon energy transitions.

AFRI vs EE — Head-to-Head

Bigger by revenue
EE
EE
2.0× larger
EE
$317.6M
$159.7M
AFRI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AFRI
AFRI
EE
EE
Revenue
$159.7M
$317.6M
Net Profit
$-12.0M
Gross Margin
10.7%
Operating Margin
-2.5%
22.2%
Net Margin
-7.5%
Revenue YoY
15.7%
Net Profit YoY
EPS (diluted)
$0.24

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
EE
EE
Q4 25
$317.6M
Q3 25
$391.0M
Q2 25
$159.7M
$204.6M
Q1 25
$315.1M
Q4 24
$274.6M
Q3 24
$193.4M
Q2 24
$145.6M
$183.3M
Q1 24
$200.1M
Net Profit
AFRI
AFRI
EE
EE
Q4 25
Q3 25
Q2 25
$-12.0M
Q1 25
Q4 24
Q3 24
Q2 24
$-8.6M
Q1 24
Gross Margin
AFRI
AFRI
EE
EE
Q4 25
Q3 25
Q2 25
10.7%
Q1 25
Q4 24
Q3 24
Q2 24
9.4%
Q1 24
Operating Margin
AFRI
AFRI
EE
EE
Q4 25
22.2%
Q3 25
22.3%
Q2 25
-2.5%
21.2%
Q1 25
20.9%
Q4 24
21.9%
Q3 24
30.9%
Q2 24
-0.9%
27.2%
Q1 24
22.6%
Net Margin
AFRI
AFRI
EE
EE
Q4 25
Q3 25
Q2 25
-7.5%
Q1 25
Q4 24
Q3 24
Q2 24
-5.9%
Q1 24
EPS (diluted)
AFRI
AFRI
EE
EE
Q4 25
$0.24
Q3 25
$0.43
Q2 25
$0.15
Q1 25
$0.46
Q4 24
$0.42
Q3 24
$0.35
Q2 24
$0.26
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
EE
EE
Cash + ST InvestmentsLiquidity on hand
$12.2M
$538.2M
Total DebtLower is stronger
$936.3M
Stockholders' EquityBook value
$5.3M
$2.2B
Total Assets
$246.1M
$4.1B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
EE
EE
Q4 25
$538.2M
Q3 25
$462.6M
Q2 25
$12.2M
$426.0M
Q1 25
$619.5M
Q4 24
$537.5M
Q3 24
$608.4M
Q2 24
$16.4M
$609.1M
Q1 24
$578.9M
Total Debt
AFRI
AFRI
EE
EE
Q4 25
$936.3M
Q3 25
$942.0M
Q2 25
$946.2M
Q1 25
$322.6M
Q4 24
$333.6M
Q3 24
$345.7M
Q2 24
$18.4M
$356.4M
Q1 24
$366.9M
Stockholders' Equity
AFRI
AFRI
EE
EE
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$5.3M
$2.1B
Q1 25
$1.9B
Q4 24
$1.9B
Q3 24
$1.9B
Q2 24
$16.3M
$1.8B
Q1 24
$1.8B
Total Assets
AFRI
AFRI
EE
EE
Q4 25
$4.1B
Q3 25
$4.1B
Q2 25
$246.1M
$4.0B
Q1 25
$2.9B
Q4 24
$2.9B
Q3 24
$2.9B
Q2 24
$287.1M
$2.9B
Q1 24
$2.9B
Debt / Equity
AFRI
AFRI
EE
EE
Q4 25
0.42×
Q3 25
0.43×
Q2 25
0.44×
Q1 25
0.17×
Q4 24
0.18×
Q3 24
0.18×
Q2 24
1.13×
0.19×
Q1 24
0.20×

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
EE
EE
Operating Cash FlowLast quarter
$706.0K
$104.4M
Free Cash FlowOCF − Capex
$146.0K
FCF MarginFCF / Revenue
0.1%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
EE
EE
Q4 25
$104.4M
Q3 25
$114.9M
Q2 25
$706.0K
$87.1M
Q1 25
$154.8M
Q4 24
$49.6M
Q3 24
$39.8M
Q2 24
$10.5M
$90.4M
Q1 24
$64.7M
Free Cash Flow
AFRI
AFRI
EE
EE
Q4 25
Q3 25
Q2 25
$146.0K
Q1 25
Q4 24
Q3 24
Q2 24
$6.4M
Q1 24
FCF Margin
AFRI
AFRI
EE
EE
Q4 25
Q3 25
Q2 25
0.1%
Q1 25
Q4 24
Q3 24
Q2 24
4.4%
Q1 24
Capex Intensity
AFRI
AFRI
EE
EE
Q4 25
Q3 25
Q2 25
0.4%
Q1 25
Q4 24
Q3 24
Q2 24
2.8%
Q1 24

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%

EE
EE

Other$179.4M57%
Revenue From Leases$138.1M43%

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