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

KADANT INC is the larger business by last-quarter revenue ($271.6M vs $159.7M, roughly 1.7× Forafric Global PLC). KADANT INC runs the higher net margin — 10.2% vs -7.5%, a 17.8% gap on every dollar of revenue. KADANT INC produced more free cash flow last quarter ($44.1M 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.

Kadant Inc. is a company that was established in 1991, as a partly privately owned subsidiary of Thermo Electron, and partly publicly traded company, and was fully spun out and renamed Kadant in 2001. The company supports papermaking, paper recycling, wood processing, material handling, and other processing industries. Kadant is a multi-national corporation with operations in Asia, Europe, North America, and South America.

AFRI vs KAI — Head-to-Head

Bigger by revenue
KAI
KAI
1.7× larger
KAI
$271.6M
$159.7M
AFRI
Higher net margin
KAI
KAI
17.8% more per $
KAI
10.2%
-7.5%
AFRI
More free cash flow
KAI
KAI
$43.9M more FCF
KAI
$44.1M
$146.0K
AFRI

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
AFRI
AFRI
KAI
KAI
Revenue
$159.7M
$271.6M
Net Profit
$-12.0M
$27.7M
Gross Margin
10.7%
45.2%
Operating Margin
-2.5%
15.7%
Net Margin
-7.5%
10.2%
Revenue YoY
-0.0%
Net Profit YoY
-12.2%
EPS (diluted)
$2.35

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
KAI
KAI
Q3 25
$271.6M
Q2 25
$159.7M
$255.3M
Q1 25
$239.2M
Q4 24
$258.0M
Q3 24
$271.6M
Q2 24
$145.6M
$274.8M
Q1 24
$249.0M
Q4 23
$238.7M
Net Profit
AFRI
AFRI
KAI
KAI
Q3 25
$27.7M
Q2 25
$-12.0M
$26.2M
Q1 25
$24.1M
Q4 24
$24.0M
Q3 24
$31.6M
Q2 24
$-8.6M
$31.3M
Q1 24
$24.7M
Q4 23
$27.4M
Gross Margin
AFRI
AFRI
KAI
KAI
Q3 25
45.2%
Q2 25
10.7%
45.9%
Q1 25
46.1%
Q4 24
43.4%
Q3 24
44.7%
Q2 24
9.4%
44.4%
Q1 24
44.6%
Q4 23
42.7%
Operating Margin
AFRI
AFRI
KAI
KAI
Q3 25
15.7%
Q2 25
-2.5%
15.4%
Q1 25
14.9%
Q4 24
14.3%
Q3 24
18.0%
Q2 24
-0.9%
17.6%
Q1 24
14.8%
Q4 23
16.3%
Net Margin
AFRI
AFRI
KAI
KAI
Q3 25
10.2%
Q2 25
-7.5%
10.2%
Q1 25
10.1%
Q4 24
9.3%
Q3 24
11.6%
Q2 24
-5.9%
11.4%
Q1 24
9.9%
Q4 23
11.5%
EPS (diluted)
AFRI
AFRI
KAI
KAI
Q3 25
$2.35
Q2 25
$2.22
Q1 25
$2.04
Q4 24
$2.04
Q3 24
$2.68
Q2 24
$2.66
Q1 24
$2.10
Q4 23
$2.33

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
KAI
KAI
Cash + ST InvestmentsLiquidity on hand
$12.2M
$124.5M
Total DebtLower is stronger
$254.6M
Stockholders' EquityBook value
$5.3M
$949.8M
Total Assets
$246.1M
$1.5B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
KAI
KAI
Q3 25
$124.5M
Q2 25
$12.2M
$95.3M
Q1 25
$91.7M
Q4 24
$94.7M
Q3 24
$88.4M
Q2 24
$16.4M
$73.8M
Q1 24
$81.4M
Q4 23
$103.8M
Total Debt
AFRI
AFRI
KAI
KAI
Q3 25
$254.6M
Q2 25
$245.7M
Q1 25
$273.5M
Q4 24
$285.2M
Q3 24
$323.2M
Q2 24
$18.4M
$342.0M
Q1 24
$306.8M
Q4 23
$107.7M
Stockholders' Equity
AFRI
AFRI
KAI
KAI
Q3 25
$949.8M
Q2 25
$5.3M
$926.0M
Q1 25
$876.0M
Q4 24
$847.1M
Q3 24
$851.7M
Q2 24
$16.3M
$807.7M
Q1 24
$782.7M
Q4 23
$773.7M
Total Assets
AFRI
AFRI
KAI
KAI
Q3 25
$1.5B
Q2 25
$246.1M
$1.5B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.5B
Q2 24
$287.1M
$1.5B
Q1 24
$1.4B
Q4 23
$1.2B
Debt / Equity
AFRI
AFRI
KAI
KAI
Q3 25
0.27×
Q2 25
0.27×
Q1 25
0.31×
Q4 24
0.34×
Q3 24
0.38×
Q2 24
1.13×
0.42×
Q1 24
0.39×
Q4 23
0.14×

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
KAI
KAI
Operating Cash FlowLast quarter
$706.0K
$47.3M
Free Cash FlowOCF − Capex
$146.0K
$44.1M
FCF MarginFCF / Revenue
0.1%
16.2%
Capex IntensityCapex / Revenue
0.4%
1.2%
Cash ConversionOCF / Net Profit
1.70×
TTM Free Cash FlowTrailing 4 quarters
$145.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
KAI
KAI
Q3 25
$47.3M
Q2 25
$706.0K
$40.5M
Q1 25
$22.8M
Q4 24
$51.9M
Q3 24
$52.5M
Q2 24
$10.5M
$28.1M
Q1 24
$22.8M
Q4 23
$59.2M
Free Cash Flow
AFRI
AFRI
KAI
KAI
Q3 25
$44.1M
Q2 25
$146.0K
$36.5M
Q1 25
$19.0M
Q4 24
$46.3M
Q3 24
$48.3M
Q2 24
$6.4M
$23.1M
Q1 24
$16.6M
Q4 23
$49.5M
FCF Margin
AFRI
AFRI
KAI
KAI
Q3 25
16.2%
Q2 25
0.1%
14.3%
Q1 25
7.9%
Q4 24
17.9%
Q3 24
17.8%
Q2 24
4.4%
8.4%
Q1 24
6.7%
Q4 23
20.7%
Capex Intensity
AFRI
AFRI
KAI
KAI
Q3 25
1.2%
Q2 25
0.4%
1.6%
Q1 25
1.6%
Q4 24
2.2%
Q3 24
1.5%
Q2 24
2.8%
1.8%
Q1 24
2.5%
Q4 23
4.1%
Cash Conversion
AFRI
AFRI
KAI
KAI
Q3 25
1.70×
Q2 25
1.55×
Q1 25
0.95×
Q4 24
2.16×
Q3 24
1.66×
Q2 24
0.90×
Q1 24
0.92×
Q4 23
2.16×

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%

KAI
KAI

Flow Control$94.8M35%
Capital$83.2M31%
Material Handling Systems$70.3M26%
Transferred Over Time$17.1M6%
Other$6.1M2%

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