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Side-by-side financial comparison of Forafric Global PLC (AFRI) and MATTHEWS INTERNATIONAL CORP (MATW). Click either name above to swap in a different company.

MATTHEWS INTERNATIONAL CORP is the larger business by last-quarter revenue ($284.8M vs $159.7M, roughly 1.8× Forafric Global PLC). MATTHEWS INTERNATIONAL CORP runs the higher net margin — 15.3% vs -7.5%, a 22.9% gap on every dollar of revenue. Forafric Global PLC produced more free cash flow last quarter ($146.0K vs $-57.2M).

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.

Matthews Aurora Funeral Solutions is one of the largest manufacturers of caskets and funerary urns in the United States, selling over 38% of the country's caskets as of 2005. The Aurora, Indiana–based company is a subsidiary of Pittsburgh-based Matthews International. The company makes both wooden and metal caskets and urns for holding cremated remains. It also provides supplies and consulting services for funeral homes.

AFRI vs MATW — Head-to-Head

Bigger by revenue
MATW
MATW
1.8× larger
MATW
$284.8M
$159.7M
AFRI
Higher net margin
MATW
MATW
22.9% more per $
MATW
15.3%
-7.5%
AFRI
More free cash flow
AFRI
AFRI
$57.4M more FCF
AFRI
$146.0K
$-57.2M
MATW

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
AFRI
AFRI
MATW
MATW
Revenue
$159.7M
$284.8M
Net Profit
$-12.0M
$43.6M
Gross Margin
10.7%
35.0%
Operating Margin
-2.5%
34.2%
Net Margin
-7.5%
15.3%
Revenue YoY
-29.1%
Net Profit YoY
1356.6%
EPS (diluted)
$1.39

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
MATW
MATW
Q4 25
$284.8M
Q2 25
$159.7M
Q2 24
$145.6M
Q2 23
$155.0M
Net Profit
AFRI
AFRI
MATW
MATW
Q4 25
$43.6M
Q2 25
$-12.0M
Q2 24
$-8.6M
Q2 23
$-8.4M
Gross Margin
AFRI
AFRI
MATW
MATW
Q4 25
35.0%
Q2 25
10.7%
Q2 24
9.4%
Q2 23
9.7%
Operating Margin
AFRI
AFRI
MATW
MATW
Q4 25
34.2%
Q2 25
-2.5%
Q2 24
-0.9%
Q2 23
Net Margin
AFRI
AFRI
MATW
MATW
Q4 25
15.3%
Q2 25
-7.5%
Q2 24
-5.9%
Q2 23
-5.4%
EPS (diluted)
AFRI
AFRI
MATW
MATW
Q4 25
$1.39
Q2 25
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
MATW
MATW
Cash + ST InvestmentsLiquidity on hand
$12.2M
$31.4M
Total DebtLower is stronger
$529.8M
Stockholders' EquityBook value
$5.3M
$543.2M
Total Assets
$246.1M
$1.6B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
MATW
MATW
Q4 25
$31.4M
Q2 25
$12.2M
Q2 24
$16.4M
Q2 23
$24.8M
Total Debt
AFRI
AFRI
MATW
MATW
Q4 25
$529.8M
Q2 25
Q2 24
$18.4M
Q2 23
Stockholders' Equity
AFRI
AFRI
MATW
MATW
Q4 25
$543.2M
Q2 25
$5.3M
Q2 24
$16.3M
Q2 23
$45.0M
Total Assets
AFRI
AFRI
MATW
MATW
Q4 25
$1.6B
Q2 25
$246.1M
Q2 24
$287.1M
Q2 23
$307.2M
Debt / Equity
AFRI
AFRI
MATW
MATW
Q4 25
0.98×
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
MATW
MATW
Operating Cash FlowLast quarter
$706.0K
$-52.0M
Free Cash FlowOCF − Capex
$146.0K
$-57.2M
FCF MarginFCF / Revenue
0.1%
-20.1%
Capex IntensityCapex / Revenue
0.4%
1.8%
Cash ConversionOCF / Net Profit
-1.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
MATW
MATW
Q4 25
$-52.0M
Q2 25
$706.0K
Q2 24
$10.5M
Q2 23
Free Cash Flow
AFRI
AFRI
MATW
MATW
Q4 25
$-57.2M
Q2 25
$146.0K
Q2 24
$6.4M
Q2 23
FCF Margin
AFRI
AFRI
MATW
MATW
Q4 25
-20.1%
Q2 25
0.1%
Q2 24
4.4%
Q2 23
Capex Intensity
AFRI
AFRI
MATW
MATW
Q4 25
1.8%
Q2 25
0.4%
Q2 24
2.8%
Q2 23
Cash Conversion
AFRI
AFRI
MATW
MATW
Q4 25
-1.19×
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%

MATW
MATW

Segment breakdown not available.

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