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

MACERICH CO is the larger business by last-quarter revenue ($261.7M vs $159.7M, roughly 1.6× Forafric Global PLC). MACERICH CO runs the higher net margin — -7.2% vs -7.5%, a 0.4% gap on every dollar of revenue.

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.

The Macerich Company is a real estate investment trust that invests in shopping centers. It is the third-largest owner and operator of shopping centers in the United States. As of December 31, 2024, the company owned interests in 43 properties comprising 43 million square feet of leasable area. The company name is a portmanteau of its founders, Mace Siegel and Richard Cohen.

AFRI vs MAC — Head-to-Head

Bigger by revenue
MAC
MAC
1.6× larger
MAC
$261.7M
$159.7M
AFRI
Higher net margin
MAC
MAC
0.4% more per $
MAC
-7.2%
-7.5%
AFRI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AFRI
AFRI
MAC
MAC
Revenue
$159.7M
$261.7M
Net Profit
$-12.0M
$-18.8M
Gross Margin
10.7%
Operating Margin
-2.5%
Net Margin
-7.5%
-7.2%
Revenue YoY
-4.4%
Net Profit YoY
91.1%
EPS (diluted)
$-0.08

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
MAC
MAC
Q4 25
$261.7M
Q3 25
$253.3M
Q2 25
$159.7M
$249.8M
Q1 25
$249.2M
Q4 24
$273.7M
Q3 24
$220.2M
Q2 24
$145.6M
$215.5M
Q1 24
$208.8M
Net Profit
AFRI
AFRI
MAC
MAC
Q4 25
$-18.8M
Q3 25
$-87.4M
Q2 25
$-12.0M
$-40.9M
Q1 25
$-50.1M
Q4 24
$-211.2M
Q3 24
$-108.2M
Q2 24
$-8.6M
$252.0M
Q1 24
$-126.7M
Gross Margin
AFRI
AFRI
MAC
MAC
Q4 25
Q3 25
Q2 25
10.7%
Q1 25
Q4 24
Q3 24
Q2 24
9.4%
Q1 24
Operating Margin
AFRI
AFRI
MAC
MAC
Q4 25
Q3 25
Q2 25
-2.5%
Q1 25
Q4 24
Q3 24
Q2 24
-0.9%
Q1 24
Net Margin
AFRI
AFRI
MAC
MAC
Q4 25
-7.2%
Q3 25
-34.5%
Q2 25
-7.5%
-16.4%
Q1 25
-20.1%
Q4 24
-77.2%
Q3 24
-49.1%
Q2 24
-5.9%
116.9%
Q1 24
-60.7%
EPS (diluted)
AFRI
AFRI
MAC
MAC
Q4 25
$-0.08
Q3 25
$-0.34
Q2 25
$-0.16
Q1 25
$-0.20
Q4 24
$-0.95
Q3 24
$-0.50
Q2 24
$1.16
Q1 24
$-0.59

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
MAC
MAC
Cash + ST InvestmentsLiquidity on hand
$12.2M
$280.2M
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$5.3M
$2.4B
Total Assets
$246.1M
$8.4B
Debt / EquityLower = less leverage
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
MAC
MAC
Q4 25
$280.2M
Q3 25
$290.2M
Q2 25
$12.2M
$131.1M
Q1 25
$253.2M
Q4 24
$89.9M
Q3 24
$116.5M
Q2 24
$16.4M
$70.7M
Q1 24
$120.1M
Total Debt
AFRI
AFRI
MAC
MAC
Q4 25
$5.1B
Q3 25
$5.1B
Q2 25
$5.2B
Q1 25
$5.2B
Q4 24
$4.9B
Q3 24
$4.3B
Q2 24
$18.4M
$4.4B
Q1 24
$4.1B
Stockholders' Equity
AFRI
AFRI
MAC
MAC
Q4 25
$2.4B
Q3 25
$2.5B
Q2 25
$5.3M
$2.6B
Q1 25
$2.7B
Q4 24
$2.8B
Q3 24
$2.5B
Q2 24
$16.3M
$2.5B
Q1 24
$2.3B
Total Assets
AFRI
AFRI
MAC
MAC
Q4 25
$8.4B
Q3 25
$8.4B
Q2 25
$246.1M
$8.7B
Q1 25
$8.7B
Q4 24
$8.6B
Q3 24
$7.6B
Q2 24
$287.1M
$7.8B
Q1 24
$7.4B
Debt / Equity
AFRI
AFRI
MAC
MAC
Q4 25
2.07×
Q3 25
2.02×
Q2 25
2.02×
Q1 25
1.96×
Q4 24
1.78×
Q3 24
1.73×
Q2 24
1.13×
1.75×
Q1 24
1.79×

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
MAC
MAC
Operating Cash FlowLast quarter
$706.0K
$50.2M
Free Cash FlowOCF − Capex
$146.0K
FCF MarginFCF / Revenue
0.1%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
MAC
MAC
Q4 25
$50.2M
Q3 25
$112.4M
Q2 25
$706.0K
$70.5M
Q1 25
$88.5M
Q4 24
$54.9M
Q3 24
$100.0M
Q2 24
$10.5M
$67.4M
Q1 24
$61.1M
Free Cash Flow
AFRI
AFRI
MAC
MAC
Q4 25
Q3 25
Q2 25
$146.0K
Q1 25
Q4 24
Q3 24
Q2 24
$6.4M
Q1 24
FCF Margin
AFRI
AFRI
MAC
MAC
Q4 25
Q3 25
Q2 25
0.1%
Q1 25
Q4 24
Q3 24
Q2 24
4.4%
Q1 24
Capex Intensity
AFRI
AFRI
MAC
MAC
Q4 25
Q3 25
Q2 25
0.4%
Q1 25
Q4 24
Q3 24
Q2 24
2.8%
Q1 24
Cash Conversion
AFRI
AFRI
MAC
MAC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.27×
Q1 24

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%

MAC
MAC

Segment breakdown not available.

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