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

HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $159.7M, roughly 1.1× Forafric Global PLC). Forafric Global PLC runs the higher net margin — -7.5% vs -10.8%, a 3.3% gap on every dollar of revenue. Forafric Global PLC produced more free cash flow last quarter ($146.0K vs $-44.2M).

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.

Heartland Express is an American trucking company headquartered in North Liberty, Iowa. The company offers truckload shipping services across the United States.

AFRI vs HTLD — Head-to-Head

Bigger by revenue
HTLD
HTLD
1.1× larger
HTLD
$179.4M
$159.7M
AFRI
Higher net margin
AFRI
AFRI
3.3% more per $
AFRI
-7.5%
-10.8%
HTLD
More free cash flow
AFRI
AFRI
$44.3M more FCF
AFRI
$146.0K
$-44.2M
HTLD

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AFRI
AFRI
HTLD
HTLD
Revenue
$159.7M
$179.4M
Net Profit
$-12.0M
$-19.4M
Gross Margin
10.7%
Operating Margin
-2.5%
-12.7%
Net Margin
-7.5%
-10.8%
Revenue YoY
-26.1%
Net Profit YoY
-949.2%
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
HTLD
HTLD
Q4 25
$179.4M
Q3 25
$196.5M
Q2 25
$159.7M
$210.4M
Q1 25
$219.4M
Q4 24
$242.6M
Q3 24
$259.9M
Q2 24
$145.6M
$274.8M
Q1 24
$270.3M
Net Profit
AFRI
AFRI
HTLD
HTLD
Q4 25
$-19.4M
Q3 25
$-8.3M
Q2 25
$-12.0M
$-10.9M
Q1 25
$-13.9M
Q4 24
$-1.9M
Q3 24
$-9.3M
Q2 24
$-8.6M
$-3.5M
Q1 24
$-15.1M
Gross Margin
AFRI
AFRI
HTLD
HTLD
Q4 25
Q3 25
Q2 25
10.7%
Q1 25
Q4 24
Q3 24
Q2 24
9.4%
Q1 24
Operating Margin
AFRI
AFRI
HTLD
HTLD
Q4 25
-12.7%
Q3 25
-3.7%
Q2 25
-2.5%
-5.9%
Q1 25
-6.8%
Q4 24
0.4%
Q3 24
-2.7%
Q2 24
-0.9%
0.1%
Q1 24
-5.3%
Net Margin
AFRI
AFRI
HTLD
HTLD
Q4 25
-10.8%
Q3 25
-4.2%
Q2 25
-7.5%
-5.2%
Q1 25
-6.3%
Q4 24
-0.8%
Q3 24
-3.6%
Q2 24
-5.9%
-1.3%
Q1 24
-5.6%
EPS (diluted)
AFRI
AFRI
HTLD
HTLD
Q4 25
$-0.24
Q3 25
$-0.11
Q2 25
$-0.14
Q1 25
$-0.18
Q4 24
$-0.03
Q3 24
$-0.12
Q2 24
$-0.04
Q1 24
$-0.19

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
HTLD
HTLD
Cash + ST InvestmentsLiquidity on hand
$12.2M
$18.5M
Total DebtLower is stronger
$154.1M
Stockholders' EquityBook value
$5.3M
$755.3M
Total Assets
$246.1M
$1.2B
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
HTLD
HTLD
Q4 25
$18.5M
Q3 25
$32.7M
Q2 25
$12.2M
$22.9M
Q1 25
$23.9M
Q4 24
$12.8M
Q3 24
$30.7M
Q2 24
$16.4M
$23.9M
Q1 24
$23.8M
Total Debt
AFRI
AFRI
HTLD
HTLD
Q4 25
$154.1M
Q3 25
Q2 25
Q1 25
Q4 24
$187.9M
Q3 24
Q2 24
$18.4M
Q1 24
Stockholders' Equity
AFRI
AFRI
HTLD
HTLD
Q4 25
$755.3M
Q3 25
$775.6M
Q2 25
$5.3M
$786.7M
Q1 25
$807.7M
Q4 24
$822.6M
Q3 24
$825.7M
Q2 24
$16.3M
$836.8M
Q1 24
$848.8M
Total Assets
AFRI
AFRI
HTLD
HTLD
Q4 25
$1.2B
Q3 25
$1.3B
Q2 25
$246.1M
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$287.1M
$1.4B
Q1 24
$1.5B
Debt / Equity
AFRI
AFRI
HTLD
HTLD
Q4 25
0.20×
Q3 25
Q2 25
Q1 25
Q4 24
0.23×
Q3 24
Q2 24
1.13×
Q1 24

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
HTLD
HTLD
Operating Cash FlowLast quarter
$706.0K
$14.9M
Free Cash FlowOCF − Capex
$146.0K
$-44.2M
FCF MarginFCF / Revenue
0.1%
-24.6%
Capex IntensityCapex / Revenue
0.4%
33.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-66.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
HTLD
HTLD
Q4 25
$14.9M
Q3 25
$27.5M
Q2 25
$706.0K
$21.0M
Q1 25
$25.8M
Q4 24
$37.8M
Q3 24
$35.6M
Q2 24
$10.5M
$40.0M
Q1 24
$31.0M
Free Cash Flow
AFRI
AFRI
HTLD
HTLD
Q4 25
$-44.2M
Q3 25
$-12.2M
Q2 25
$146.0K
$-12.8M
Q1 25
$2.3M
Q4 24
$-45.5M
Q3 24
$24.6M
Q2 24
$6.4M
$29.4M
Q1 24
$26.3M
FCF Margin
AFRI
AFRI
HTLD
HTLD
Q4 25
-24.6%
Q3 25
-6.2%
Q2 25
0.1%
-6.1%
Q1 25
1.0%
Q4 24
-18.8%
Q3 24
9.5%
Q2 24
4.4%
10.7%
Q1 24
9.7%
Capex Intensity
AFRI
AFRI
HTLD
HTLD
Q4 25
33.0%
Q3 25
20.2%
Q2 25
0.4%
16.1%
Q1 25
10.7%
Q4 24
34.3%
Q3 24
4.2%
Q2 24
2.8%
3.8%
Q1 24
1.7%

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%

HTLD
HTLD

Segment breakdown not available.

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