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Side-by-side financial comparison of Forafric Global PLC (AFRI) and ESCO TECHNOLOGIES INC (ESE). Click either name above to swap in a different company.

ESCO TECHNOLOGIES INC is the larger business by last-quarter revenue ($289.7M vs $159.7M, roughly 1.8× Forafric Global PLC). ESCO TECHNOLOGIES INC runs the higher net margin — 9.9% vs -7.5%, a 17.5% gap on every dollar of revenue. ESCO TECHNOLOGIES INC produced more free cash flow last quarter ($63.0M 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.

Esco is a Singaporean brand that develops, manufactures, and sells products and services for laboratories.

AFRI vs ESE — Head-to-Head

Bigger by revenue
ESE
ESE
1.8× larger
ESE
$289.7M
$159.7M
AFRI
Higher net margin
ESE
ESE
17.5% more per $
ESE
9.9%
-7.5%
AFRI
More free cash flow
ESE
ESE
$62.8M more FCF
ESE
$63.0M
$146.0K
AFRI

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
AFRI
AFRI
ESE
ESE
Revenue
$159.7M
$289.7M
Net Profit
$-12.0M
$28.7M
Gross Margin
10.7%
41.4%
Operating Margin
-2.5%
13.2%
Net Margin
-7.5%
9.9%
Revenue YoY
17.3%
Net Profit YoY
22.2%
EPS (diluted)
$1.11

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
ESE
ESE
Q4 25
$289.7M
Q3 25
$286.5M
Q2 25
$159.7M
$296.3M
Q1 25
$265.5M
Q4 24
$247.0M
Q3 24
$298.5M
Q2 24
$145.6M
$260.8M
Q1 24
$249.1M
Net Profit
AFRI
AFRI
ESE
ESE
Q4 25
$28.7M
Q3 25
$218.7M
Q2 25
$-12.0M
$26.1M
Q1 25
$31.0M
Q4 24
$23.5M
Q3 24
$34.3M
Q2 24
$-8.6M
$29.2M
Q1 24
$23.2M
Gross Margin
AFRI
AFRI
ESE
ESE
Q4 25
41.4%
Q3 25
45.9%
Q2 25
10.7%
41.2%
Q1 25
41.1%
Q4 24
39.8%
Q3 24
40.1%
Q2 24
9.4%
39.6%
Q1 24
38.8%
Operating Margin
AFRI
AFRI
ESE
ESE
Q4 25
13.2%
Q3 25
17.2%
Q2 25
-2.5%
11.2%
Q1 25
15.3%
Q4 24
11.4%
Q3 24
14.8%
Q2 24
-0.9%
14.3%
Q1 24
11.7%
Net Margin
AFRI
AFRI
ESE
ESE
Q4 25
9.9%
Q3 25
76.3%
Q2 25
-7.5%
8.8%
Q1 25
11.7%
Q4 24
9.5%
Q3 24
11.5%
Q2 24
-5.9%
11.2%
Q1 24
9.3%
EPS (diluted)
AFRI
AFRI
ESE
ESE
Q4 25
$1.11
Q3 25
$8.43
Q2 25
$1.01
Q1 25
$1.20
Q4 24
$0.91
Q3 24
$1.32
Q2 24
$1.13
Q1 24
$0.90

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
ESE
ESE
Cash + ST InvestmentsLiquidity on hand
$12.2M
$103.8M
Total DebtLower is stronger
$145.5M
Stockholders' EquityBook value
$5.3M
$1.6B
Total Assets
$246.1M
$2.4B
Debt / EquityLower = less leverage
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
ESE
ESE
Q4 25
$103.8M
Q3 25
$101.3M
Q2 25
$12.2M
$78.7M
Q1 25
$57.4M
Q4 24
$71.3M
Q3 24
$66.0M
Q2 24
$16.4M
$63.0M
Q1 24
$59.4M
Total Debt
AFRI
AFRI
ESE
ESE
Q4 25
$145.5M
Q3 25
$186.0M
Q2 25
$525.0M
Q1 25
$88.0M
Q4 24
$112.0M
Q3 24
$122.0M
Q2 24
$18.4M
$173.0M
Q1 24
$191.0M
Stockholders' Equity
AFRI
AFRI
ESE
ESE
Q4 25
$1.6B
Q3 25
$1.5B
Q2 25
$5.3M
$1.3B
Q1 25
$1.3B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$16.3M
$1.2B
Q1 24
$1.2B
Total Assets
AFRI
AFRI
ESE
ESE
Q4 25
$2.4B
Q3 25
$2.4B
Q2 25
$246.1M
$2.5B
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
ESE
ESE
Q4 25
0.09×
Q3 25
0.12×
Q2 25
0.40×
Q1 25
0.07×
Q4 24
0.09×
Q3 24
0.10×
Q2 24
1.13×
0.14×
Q1 24
0.16×

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
ESE
ESE
Operating Cash FlowLast quarter
$706.0K
$68.9M
Free Cash FlowOCF − Capex
$146.0K
$63.0M
FCF MarginFCF / Revenue
0.1%
21.7%
Capex IntensityCapex / Revenue
0.4%
2.0%
Cash ConversionOCF / Net Profit
2.40×
TTM Free Cash FlowTrailing 4 quarters
$239.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
ESE
ESE
Q4 25
$68.9M
Q3 25
$109.9M
Q2 25
$706.0K
$73.7M
Q1 25
$24.1M
Q4 24
$34.2M
Q3 24
$72.1M
Q2 24
$10.5M
$36.2M
Q1 24
$10.5M
Free Cash Flow
AFRI
AFRI
ESE
ESE
Q4 25
$63.0M
Q3 25
$97.8M
Q2 25
$146.0K
$64.9M
Q1 25
$14.0M
Q4 24
$29.0M
Q3 24
$60.9M
Q2 24
$6.4M
$27.6M
Q1 24
$2.0M
FCF Margin
AFRI
AFRI
ESE
ESE
Q4 25
21.7%
Q3 25
34.1%
Q2 25
0.1%
21.9%
Q1 25
5.3%
Q4 24
11.7%
Q3 24
20.4%
Q2 24
4.4%
10.6%
Q1 24
0.8%
Capex Intensity
AFRI
AFRI
ESE
ESE
Q4 25
2.0%
Q3 25
4.2%
Q2 25
0.4%
3.0%
Q1 25
3.8%
Q4 24
2.1%
Q3 24
3.8%
Q2 24
2.8%
3.3%
Q1 24
3.4%
Cash Conversion
AFRI
AFRI
ESE
ESE
Q4 25
2.40×
Q3 25
0.50×
Q2 25
2.83×
Q1 25
0.78×
Q4 24
1.46×
Q3 24
2.10×
Q2 24
1.24×
Q1 24
0.45×

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%

ESE
ESE

US Government$98.0M34%
Utility Solutions Group$87.5M30%
RF Shielding And Test$58.3M20%
Commercial$45.8M16%
Related Party$1.3M0%

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