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

INSMED Inc is the larger business by last-quarter revenue ($263.8M vs $159.7M, roughly 1.7× Forafric Global PLC). Forafric Global PLC runs the higher net margin — -7.5% vs -124.5%, a 117.0% gap on every dollar of revenue. Forafric Global PLC produced more free cash flow last quarter ($146.0K vs $-264.2M).

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.

Insmed Inc. is a global biopharmaceutical firm focused on developing and commercializing innovative therapies for patients with serious rare diseases that have high unmet medical needs. Its key offerings target pulmonary and endocrine rare disorders, serving markets across North America, Europe, and Asia Pacific.

AFRI vs INSM — Head-to-Head

Bigger by revenue
INSM
INSM
1.7× larger
INSM
$263.8M
$159.7M
AFRI
Higher net margin
AFRI
AFRI
117.0% more per $
AFRI
-7.5%
-124.5%
INSM
More free cash flow
AFRI
AFRI
$264.3M more FCF
AFRI
$146.0K
$-264.2M
INSM

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AFRI
AFRI
INSM
INSM
Revenue
$159.7M
$263.8M
Net Profit
$-12.0M
$-328.5M
Gross Margin
10.7%
83.2%
Operating Margin
-2.5%
-121.2%
Net Margin
-7.5%
-124.5%
Revenue YoY
152.6%
Net Profit YoY
-39.5%
EPS (diluted)
$-1.55

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
INSM
INSM
Q4 25
$263.8M
Q3 25
$142.3M
Q2 25
$159.7M
$107.4M
Q1 25
$92.8M
Q4 24
$104.4M
Q3 24
$93.4M
Q2 24
$145.6M
$90.3M
Q1 24
$75.5M
Net Profit
AFRI
AFRI
INSM
INSM
Q4 25
$-328.5M
Q3 25
$-370.0M
Q2 25
$-12.0M
$-321.7M
Q1 25
$-256.6M
Q4 24
$-235.5M
Q3 24
$-220.5M
Q2 24
$-8.6M
$-300.6M
Q1 24
$-157.1M
Gross Margin
AFRI
AFRI
INSM
INSM
Q4 25
83.2%
Q3 25
79.4%
Q2 25
10.7%
73.9%
Q1 25
77.1%
Q4 24
75.0%
Q3 24
77.3%
Q2 24
9.4%
76.8%
Q1 24
76.9%
Operating Margin
AFRI
AFRI
INSM
INSM
Q4 25
-121.2%
Q3 25
-257.1%
Q2 25
-2.5%
-291.3%
Q1 25
-267.3%
Q4 24
-220.6%
Q3 24
-228.4%
Q2 24
-0.9%
-319.8%
Q1 24
-192.7%
Net Margin
AFRI
AFRI
INSM
INSM
Q4 25
-124.5%
Q3 25
-260.0%
Q2 25
-7.5%
-299.5%
Q1 25
-276.4%
Q4 24
-225.5%
Q3 24
-236.0%
Q2 24
-5.9%
-332.8%
Q1 24
-208.1%
EPS (diluted)
AFRI
AFRI
INSM
INSM
Q4 25
$-1.55
Q3 25
$-1.75
Q2 25
$-1.70
Q1 25
$-1.42
Q4 24
$-1.30
Q3 24
$-1.27
Q2 24
$-1.94
Q1 24
$-1.06

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
INSM
INSM
Cash + ST InvestmentsLiquidity on hand
$12.2M
$1.4B
Total DebtLower is stronger
$546.8M
Stockholders' EquityBook value
$5.3M
$739.0M
Total Assets
$246.1M
$2.3B
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
INSM
INSM
Q4 25
$1.4B
Q3 25
$1.7B
Q2 25
$12.2M
$1.9B
Q1 25
$1.2B
Q4 24
$1.4B
Q3 24
$1.5B
Q2 24
$16.4M
$1.2B
Q1 24
$595.7M
Total Debt
AFRI
AFRI
INSM
INSM
Q4 25
$546.8M
Q3 25
$546.8M
Q2 25
$546.8M
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$971.8M
Q2 24
$18.4M
$1.2B
Q1 24
$1.2B
Stockholders' Equity
AFRI
AFRI
INSM
INSM
Q4 25
$739.0M
Q3 25
$945.6M
Q2 25
$5.3M
$1.2B
Q1 25
$99.2M
Q4 24
$285.4M
Q3 24
$483.4M
Q2 24
$16.3M
$38.8M
Q1 24
$-464.8M
Total Assets
AFRI
AFRI
INSM
INSM
Q4 25
$2.3B
Q3 25
$2.4B
Q2 25
$246.1M
$2.5B
Q1 25
$1.8B
Q4 24
$2.0B
Q3 24
$2.1B
Q2 24
$287.1M
$1.8B
Q1 24
$1.2B
Debt / Equity
AFRI
AFRI
INSM
INSM
Q4 25
0.74×
Q3 25
0.58×
Q2 25
0.44×
Q1 25
11.31×
Q4 24
3.93×
Q3 24
2.01×
Q2 24
1.13×
30.66×
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
INSM
INSM
Operating Cash FlowLast quarter
$706.0K
$-247.6M
Free Cash FlowOCF − Capex
$146.0K
$-264.2M
FCF MarginFCF / Revenue
0.1%
-100.1%
Capex IntensityCapex / Revenue
0.4%
6.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-967.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
INSM
INSM
Q4 25
$-247.6M
Q3 25
$-219.8M
Q2 25
$706.0K
$-205.6M
Q1 25
$-262.1M
Q4 24
$-196.0M
Q3 24
$-180.9M
Q2 24
$10.5M
$-123.0M
Q1 24
$-184.0M
Free Cash Flow
AFRI
AFRI
INSM
INSM
Q4 25
$-264.2M
Q3 25
$-222.2M
Q2 25
$146.0K
$-209.1M
Q1 25
$-272.2M
Q4 24
$-202.8M
Q3 24
$-184.6M
Q2 24
$6.4M
$-129.7M
Q1 24
$-188.7M
FCF Margin
AFRI
AFRI
INSM
INSM
Q4 25
-100.1%
Q3 25
-156.1%
Q2 25
0.1%
-194.6%
Q1 25
-293.2%
Q4 24
-194.1%
Q3 24
-197.6%
Q2 24
4.4%
-143.6%
Q1 24
-250.0%
Capex Intensity
AFRI
AFRI
INSM
INSM
Q4 25
6.3%
Q3 25
1.7%
Q2 25
0.4%
3.2%
Q1 25
10.8%
Q4 24
6.5%
Q3 24
3.9%
Q2 24
2.8%
7.5%
Q1 24
6.2%

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%

INSM
INSM

Segment breakdown not available.

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