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

Forafric Global PLC is the larger business by last-quarter revenue ($159.7M vs $155.6M, roughly 1.0× GOLDEN ENTERTAINMENT, INC.). GOLDEN ENTERTAINMENT, INC. runs the higher net margin — -5.5% vs -7.5%, a 2.1% gap on every dollar of revenue. Forafric Global PLC produced more free cash flow last quarter ($146.0K vs $-4.4M).

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.

Golden Entertainment, Inc. is an American gambling company based in Enterprise, Nevada that operates casinos and taverns. It was formed in 2015 by the merger of Golden Gaming and Lakes Entertainment. It is the largest tavern operator in Nevada. In October 2017, the company completed an $850 million acquisition of American Casino & Entertainment Properties. The company now has eight casino resorts, all located in Southern Nevada.

AFRI vs GDEN — Head-to-Head

Bigger by revenue
AFRI
AFRI
1.0× larger
AFRI
$159.7M
$155.6M
GDEN
Higher net margin
GDEN
GDEN
2.1% more per $
GDEN
-5.5%
-7.5%
AFRI
More free cash flow
AFRI
AFRI
$4.5M more FCF
AFRI
$146.0K
$-4.4M
GDEN

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AFRI
AFRI
GDEN
GDEN
Revenue
$159.7M
$155.6M
Net Profit
$-12.0M
$-8.5M
Gross Margin
10.7%
92.5%
Operating Margin
-2.5%
-1.5%
Net Margin
-7.5%
-5.5%
Revenue YoY
-5.2%
Net Profit YoY
-386.0%
EPS (diluted)
$-0.31

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
GDEN
GDEN
Q4 25
$155.6M
Q3 25
$154.8M
Q2 25
$159.7M
$163.6M
Q1 25
$160.8M
Q4 24
$164.2M
Q3 24
$161.2M
Q2 24
$145.6M
$167.3M
Q1 24
$174.0M
Net Profit
AFRI
AFRI
GDEN
GDEN
Q4 25
$-8.5M
Q3 25
$-4.7M
Q2 25
$-12.0M
$4.6M
Q1 25
$2.5M
Q4 24
$3.0M
Q3 24
$5.2M
Q2 24
$-8.6M
$623.0K
Q1 24
$42.0M
Gross Margin
AFRI
AFRI
GDEN
GDEN
Q4 25
92.5%
Q3 25
92.8%
Q2 25
10.7%
93.1%
Q1 25
92.7%
Q4 24
96.3%
Q3 24
93.0%
Q2 24
9.4%
93.2%
Q1 24
89.9%
Operating Margin
AFRI
AFRI
GDEN
GDEN
Q4 25
-1.5%
Q3 25
0.6%
Q2 25
-2.5%
7.3%
Q1 25
6.9%
Q4 24
7.1%
Q3 24
4.2%
Q2 24
-0.9%
8.1%
Q1 24
46.0%
Net Margin
AFRI
AFRI
GDEN
GDEN
Q4 25
-5.5%
Q3 25
-3.0%
Q2 25
-7.5%
2.8%
Q1 25
1.6%
Q4 24
1.8%
Q3 24
3.2%
Q2 24
-5.9%
0.4%
Q1 24
24.1%
EPS (diluted)
AFRI
AFRI
GDEN
GDEN
Q4 25
$-0.31
Q3 25
$-0.18
Q2 25
$0.17
Q1 25
$0.09
Q4 24
$0.14
Q3 24
$0.18
Q2 24
$0.02
Q1 24
$1.37

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
GDEN
GDEN
Cash + ST InvestmentsLiquidity on hand
$12.2M
$55.3M
Total DebtLower is stronger
$426.6M
Stockholders' EquityBook value
$5.3M
$420.9M
Total Assets
$246.1M
$1.0B
Debt / EquityLower = less leverage
1.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
GDEN
GDEN
Q4 25
$55.3M
Q3 25
$58.3M
Q2 25
$12.2M
$52.3M
Q1 25
$50.5M
Q4 24
$57.7M
Q3 24
$68.6M
Q2 24
$16.4M
$88.6M
Q1 24
$404.3M
Total Debt
AFRI
AFRI
GDEN
GDEN
Q4 25
$426.6M
Q3 25
$417.3M
Q2 25
$423.3M
Q1 25
$399.3M
Q4 24
$405.3M
Q3 24
$386.3M
Q2 24
$18.4M
$388.2M
Q1 24
$660.9M
Stockholders' Equity
AFRI
AFRI
GDEN
GDEN
Q4 25
$420.9M
Q3 25
$434.2M
Q2 25
$5.3M
$443.3M
Q1 25
$462.0M
Q4 24
$474.2M
Q3 24
$513.1M
Q2 24
$16.3M
$539.0M
Q1 24
$569.6M
Total Assets
AFRI
AFRI
GDEN
GDEN
Q4 25
$1.0B
Q3 25
$1.0B
Q2 25
$246.1M
$1.0B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$287.1M
$1.2B
Q1 24
$1.5B
Debt / Equity
AFRI
AFRI
GDEN
GDEN
Q4 25
1.01×
Q3 25
0.96×
Q2 25
0.95×
Q1 25
0.86×
Q4 24
0.85×
Q3 24
0.75×
Q2 24
1.13×
0.72×
Q1 24
1.16×

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
GDEN
GDEN
Operating Cash FlowLast quarter
$706.0K
$10.2M
Free Cash FlowOCF − Capex
$146.0K
$-4.4M
FCF MarginFCF / Revenue
0.1%
-2.8%
Capex IntensityCapex / Revenue
0.4%
9.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$35.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
GDEN
GDEN
Q4 25
$10.2M
Q3 25
$26.9M
Q2 25
$706.0K
$17.4M
Q1 25
$28.6M
Q4 24
$22.5M
Q3 24
$22.5M
Q2 24
$10.5M
$21.5M
Q1 24
$25.8M
Free Cash Flow
AFRI
AFRI
GDEN
GDEN
Q4 25
$-4.4M
Q3 25
$19.3M
Q2 25
$146.0K
$4.0M
Q1 25
$16.6M
Q4 24
$14.3M
Q3 24
$14.7M
Q2 24
$6.4M
$3.9M
Q1 24
$9.5M
FCF Margin
AFRI
AFRI
GDEN
GDEN
Q4 25
-2.8%
Q3 25
12.5%
Q2 25
0.1%
2.4%
Q1 25
10.4%
Q4 24
8.7%
Q3 24
9.1%
Q2 24
4.4%
2.3%
Q1 24
5.5%
Capex Intensity
AFRI
AFRI
GDEN
GDEN
Q4 25
9.4%
Q3 25
4.9%
Q2 25
0.4%
8.2%
Q1 25
7.4%
Q4 24
5.0%
Q3 24
4.9%
Q2 24
2.8%
10.5%
Q1 24
9.3%
Cash Conversion
AFRI
AFRI
GDEN
GDEN
Q4 25
Q3 25
Q2 25
3.76×
Q1 25
11.43×
Q4 24
7.57×
Q3 24
4.36×
Q2 24
34.51×
Q1 24
0.61×

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%

GDEN
GDEN

Nevada Casino Resorts$90.2M58%
Nevada Locals Casinos$37.4M24%
Nevada Taverns$27.7M18%

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