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

FORMFACTOR INC is the larger business by last-quarter revenue ($226.1M vs $159.7M, roughly 1.4× Forafric Global PLC). FORMFACTOR INC runs the higher net margin — 9.0% vs -7.5%, a 16.6% gap on every dollar of revenue. FORMFACTOR INC produced more free cash flow last quarter ($30.7M 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.

Formfactor, Inc. is a provider of test and measurement technologies for integrated circuits, with its headquarters in Livermore, California. It provides semiconductor companies with products to improve device performance and provide test and measurement technologies for integrated circuits.

AFRI vs FORM — Head-to-Head

Bigger by revenue
FORM
FORM
1.4× larger
FORM
$226.1M
$159.7M
AFRI
Higher net margin
FORM
FORM
16.6% more per $
FORM
9.0%
-7.5%
AFRI
More free cash flow
FORM
FORM
$30.6M more FCF
FORM
$30.7M
$146.0K
AFRI

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
AFRI
AFRI
FORM
FORM
Revenue
$159.7M
$226.1M
Net Profit
$-12.0M
$20.4M
Gross Margin
10.7%
38.4%
Operating Margin
-2.5%
7.4%
Net Margin
-7.5%
9.0%
Revenue YoY
32.0%
Net Profit YoY
218.5%
EPS (diluted)
$0.26

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
FORM
FORM
Q1 26
$226.1M
Q4 25
$215.2M
Q3 25
$202.7M
Q2 25
$159.7M
$195.8M
Q1 25
$171.4M
Q4 24
$189.5M
Q3 24
$207.9M
Q2 24
$145.6M
$197.5M
Net Profit
AFRI
AFRI
FORM
FORM
Q1 26
$20.4M
Q4 25
$23.2M
Q3 25
$15.7M
Q2 25
$-12.0M
$9.1M
Q1 25
$6.4M
Q4 24
$9.7M
Q3 24
$18.7M
Q2 24
$-8.6M
$19.4M
Gross Margin
AFRI
AFRI
FORM
FORM
Q1 26
38.4%
Q4 25
42.2%
Q3 25
39.8%
Q2 25
10.7%
37.3%
Q1 25
37.7%
Q4 24
38.8%
Q3 24
40.7%
Q2 24
9.4%
44.0%
Operating Margin
AFRI
AFRI
FORM
FORM
Q1 26
7.4%
Q4 25
10.9%
Q3 25
8.9%
Q2 25
-2.5%
6.3%
Q1 25
1.9%
Q4 24
4.1%
Q3 24
8.6%
Q2 24
-0.9%
9.0%
Net Margin
AFRI
AFRI
FORM
FORM
Q1 26
9.0%
Q4 25
10.8%
Q3 25
7.7%
Q2 25
-7.5%
4.6%
Q1 25
3.7%
Q4 24
5.1%
Q3 24
9.0%
Q2 24
-5.9%
9.8%
EPS (diluted)
AFRI
AFRI
FORM
FORM
Q1 26
$0.26
Q4 25
$0.29
Q3 25
$0.20
Q2 25
$0.12
Q1 25
$0.08
Q4 24
$0.12
Q3 24
$0.24
Q2 24
$0.25

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
FORM
FORM
Cash + ST InvestmentsLiquidity on hand
$12.2M
$123.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.3M
$1.1B
Total Assets
$246.1M
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
FORM
FORM
Q1 26
$123.5M
Q4 25
$103.3M
Q3 25
$266.0M
Q2 25
$12.2M
$249.3M
Q1 25
$299.0M
Q4 24
$360.0M
Q3 24
$354.5M
Q2 24
$16.4M
$357.6M
Total Debt
AFRI
AFRI
FORM
FORM
Q1 26
Q4 25
$12.2M
Q3 25
Q2 25
Q1 25
Q4 24
$13.3M
Q3 24
Q2 24
$18.4M
Stockholders' Equity
AFRI
AFRI
FORM
FORM
Q1 26
$1.1B
Q4 25
$1.0B
Q3 25
$1.0B
Q2 25
$5.3M
$990.0M
Q1 25
$965.9M
Q4 24
$947.8M
Q3 24
$955.0M
Q2 24
$16.3M
$947.9M
Total Assets
AFRI
AFRI
FORM
FORM
Q1 26
$1.3B
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$246.1M
$1.2B
Q1 25
$1.2B
Q4 24
$1.1B
Q3 24
$1.2B
Q2 24
$287.1M
$1.2B
Debt / Equity
AFRI
AFRI
FORM
FORM
Q1 26
Q4 25
0.01×
Q3 25
Q2 25
Q1 25
Q4 24
0.01×
Q3 24
Q2 24
1.13×

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
FORM
FORM
Operating Cash FlowLast quarter
$706.0K
$45.0M
Free Cash FlowOCF − Capex
$146.0K
$30.7M
FCF MarginFCF / Revenue
0.1%
13.6%
Capex IntensityCapex / Revenue
0.4%
6.7%
Cash ConversionOCF / Net Profit
2.21×
TTM Free Cash FlowTrailing 4 quarters
$37.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
FORM
FORM
Q1 26
$45.0M
Q4 25
$46.0M
Q3 25
$27.0M
Q2 25
$706.0K
$18.9M
Q1 25
$23.5M
Q4 24
$35.9M
Q3 24
$26.7M
Q2 24
$10.5M
$21.9M
Free Cash Flow
AFRI
AFRI
FORM
FORM
Q1 26
$30.7M
Q4 25
$34.7M
Q3 25
$19.5M
Q2 25
$146.0K
$-47.4M
Q1 25
$5.0M
Q4 24
$28.3M
Q3 24
$17.8M
Q2 24
$6.4M
$13.5M
FCF Margin
AFRI
AFRI
FORM
FORM
Q1 26
13.6%
Q4 25
16.1%
Q3 25
9.6%
Q2 25
0.1%
-24.2%
Q1 25
2.9%
Q4 24
14.9%
Q3 24
8.6%
Q2 24
4.4%
6.8%
Capex Intensity
AFRI
AFRI
FORM
FORM
Q1 26
6.7%
Q4 25
5.3%
Q3 25
3.7%
Q2 25
0.4%
33.8%
Q1 25
10.8%
Q4 24
4.0%
Q3 24
4.3%
Q2 24
2.8%
4.3%
Cash Conversion
AFRI
AFRI
FORM
FORM
Q1 26
2.21×
Q4 25
1.98×
Q3 25
1.72×
Q2 25
2.08×
Q1 25
3.68×
Q4 24
3.70×
Q3 24
1.43×
Q2 24
1.13×

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%

FORM
FORM

Segment breakdown not available.

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