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

Hinge Health, Inc. is the larger business by last-quarter revenue ($182.3M vs $159.7M, roughly 1.1× Forafric Global PLC). Hinge Health, Inc. runs the higher net margin — 19.3% vs -7.5%, a 26.8% gap on every dollar of revenue. Hinge Health, Inc. produced more free cash flow last quarter ($41.6M 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.

Hinge Health is a leading digital musculoskeletal care solution provider that delivers clinically validated programs combining exercise therapy, pain management, and one-on-one health coaching for employers, health plans, and individual users across North America and Europe, focused on reducing chronic musculoskeletal pain and improving long-term physical health outcomes.

AFRI vs HNGE — Head-to-Head

Bigger by revenue
HNGE
HNGE
1.1× larger
HNGE
$182.3M
$159.7M
AFRI
Higher net margin
HNGE
HNGE
26.8% more per $
HNGE
19.3%
-7.5%
AFRI
More free cash flow
HNGE
HNGE
$41.4M more FCF
HNGE
$41.6M
$146.0K
AFRI

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
AFRI
AFRI
HNGE
HNGE
Revenue
$159.7M
$182.3M
Net Profit
$-12.0M
$35.1M
Gross Margin
10.7%
84.6%
Operating Margin
-2.5%
17.6%
Net Margin
-7.5%
19.3%
Revenue YoY
47.2%
Net Profit YoY
105.0%
EPS (diluted)
$0.41

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
HNGE
HNGE
Q1 26
$182.3M
Q3 25
$154.2M
Q2 25
$159.7M
$139.1M
Q2 24
$145.6M
Q2 23
$155.0M
Net Profit
AFRI
AFRI
HNGE
HNGE
Q1 26
$35.1M
Q3 25
$-1.8M
Q2 25
$-12.0M
$-575.7M
Q2 24
$-8.6M
Q2 23
$-8.4M
Gross Margin
AFRI
AFRI
HNGE
HNGE
Q1 26
84.6%
Q3 25
81.8%
Q2 25
10.7%
70.3%
Q2 24
9.4%
Q2 23
9.7%
Operating Margin
AFRI
AFRI
HNGE
HNGE
Q1 26
17.6%
Q3 25
-4.0%
Q2 25
-2.5%
-417.5%
Q2 24
-0.9%
Q2 23
Net Margin
AFRI
AFRI
HNGE
HNGE
Q1 26
19.3%
Q3 25
-1.2%
Q2 25
-7.5%
-413.8%
Q2 24
-5.9%
Q2 23
-5.4%
EPS (diluted)
AFRI
AFRI
HNGE
HNGE
Q1 26
$0.41
Q3 25
$-0.02
Q2 25
$-13.10
Q2 24
Q2 23

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
HNGE
HNGE
Cash + ST InvestmentsLiquidity on hand
$12.2M
$186.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.3M
$111.7M
Total Assets
$246.1M
$728.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
HNGE
HNGE
Q1 26
$186.7M
Q3 25
$480.0M
Q2 25
$12.2M
$413.3M
Q2 24
$16.4M
Q2 23
$24.8M
Total Debt
AFRI
AFRI
HNGE
HNGE
Q1 26
Q3 25
Q2 25
Q2 24
$18.4M
Q2 23
Stockholders' Equity
AFRI
AFRI
HNGE
HNGE
Q1 26
$111.7M
Q3 25
$208.0M
Q2 25
$5.3M
$173.8M
Q2 24
$16.3M
Q2 23
$45.0M
Total Assets
AFRI
AFRI
HNGE
HNGE
Q1 26
$728.8M
Q3 25
$769.8M
Q2 25
$246.1M
$693.7M
Q2 24
$287.1M
Q2 23
$307.2M
Debt / Equity
AFRI
AFRI
HNGE
HNGE
Q1 26
Q3 25
Q2 25
Q2 24
1.13×
Q2 23

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
HNGE
HNGE
Operating Cash FlowLast quarter
$706.0K
$43.1M
Free Cash FlowOCF − Capex
$146.0K
$41.6M
FCF MarginFCF / Revenue
0.1%
22.8%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
1.23×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
HNGE
HNGE
Q1 26
$43.1M
Q3 25
$82.4M
Q2 25
$706.0K
$25.1M
Q2 24
$10.5M
Q2 23
Free Cash Flow
AFRI
AFRI
HNGE
HNGE
Q1 26
$41.6M
Q3 25
$82.3M
Q2 25
$146.0K
$24.9M
Q2 24
$6.4M
Q2 23
FCF Margin
AFRI
AFRI
HNGE
HNGE
Q1 26
22.8%
Q3 25
53.4%
Q2 25
0.1%
17.9%
Q2 24
4.4%
Q2 23
Capex Intensity
AFRI
AFRI
HNGE
HNGE
Q1 26
Q3 25
0.0%
Q2 25
0.4%
0.2%
Q2 24
2.8%
Q2 23
Cash Conversion
AFRI
AFRI
HNGE
HNGE
Q1 26
1.23×
Q3 25
Q2 25
Q2 24
Q2 23

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%

HNGE
HNGE

Segment breakdown not available.

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