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Side-by-side financial comparison of Forafric Global PLC (AFRI) and Montrose Environmental Group, Inc. (MEG). Click either name above to swap in a different company.

Montrose Environmental Group, Inc. is the larger business by last-quarter revenue ($193.3M vs $159.7M, roughly 1.2× Forafric Global PLC). Montrose Environmental Group, Inc. runs the higher net margin — -4.3% vs -7.5%, a 3.3% gap on every dollar of revenue. Montrose Environmental Group, Inc. produced more free cash flow last quarter ($46.5M 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.

Montrose Environmental Group, Inc. is an American multinational corporation that provides wide-ranging environmental services. The company is vertically integrated across the environmental industry and supports public and private sector clientele. Montrose is headquartered in Little Rock, Arkansas and incorporated in the U.S. state of Delaware.

AFRI vs MEG — Head-to-Head

Bigger by revenue
MEG
MEG
1.2× larger
MEG
$193.3M
$159.7M
AFRI
Higher net margin
MEG
MEG
3.3% more per $
MEG
-4.3%
-7.5%
AFRI
More free cash flow
MEG
MEG
$46.4M more FCF
MEG
$46.5M
$146.0K
AFRI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AFRI
AFRI
MEG
MEG
Revenue
$159.7M
$193.3M
Net Profit
$-12.0M
$-8.2M
Gross Margin
10.7%
38.6%
Operating Margin
-2.5%
-1.3%
Net Margin
-7.5%
-4.3%
Revenue YoY
2.2%
Net Profit YoY
70.9%
EPS (diluted)
$-0.13

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
MEG
MEG
Q4 25
$193.3M
Q3 25
$224.9M
Q2 25
$159.7M
$234.5M
Q1 25
$177.8M
Q4 24
$189.1M
Q3 24
$178.7M
Q2 24
$145.6M
$173.3M
Q1 24
$155.3M
Net Profit
AFRI
AFRI
MEG
MEG
Q4 25
$-8.2M
Q3 25
$8.4M
Q2 25
$-12.0M
$18.4M
Q1 25
$-19.4M
Q4 24
$-28.2M
Q3 24
$-10.6M
Q2 24
$-8.6M
$-10.2M
Q1 24
$-13.4M
Gross Margin
AFRI
AFRI
MEG
MEG
Q4 25
38.6%
Q3 25
39.4%
Q2 25
10.7%
43.4%
Q1 25
39.0%
Q4 24
40.8%
Q3 24
40.9%
Q2 24
9.4%
39.9%
Q1 24
37.8%
Operating Margin
AFRI
AFRI
MEG
MEG
Q4 25
-1.3%
Q3 25
4.4%
Q2 25
-2.5%
6.4%
Q1 25
-5.9%
Q4 24
-12.1%
Q3 24
-0.6%
Q2 24
-0.9%
-1.5%
Q1 24
-6.5%
Net Margin
AFRI
AFRI
MEG
MEG
Q4 25
-4.3%
Q3 25
3.7%
Q2 25
-7.5%
7.8%
Q1 25
-10.9%
Q4 24
-14.9%
Q3 24
-5.9%
Q2 24
-5.9%
-5.9%
Q1 24
-8.6%
EPS (diluted)
AFRI
AFRI
MEG
MEG
Q4 25
$-0.13
Q3 25
$0.21
Q2 25
$0.42
Q1 25
$-0.64
Q4 24
$-0.91
Q3 24
$-0.39
Q2 24
$-0.39
Q1 24
$-0.53

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
MEG
MEG
Cash + ST InvestmentsLiquidity on hand
$12.2M
$11.2M
Total DebtLower is stronger
$277.1M
Stockholders' EquityBook value
$5.3M
$451.2M
Total Assets
$246.1M
$981.3M
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
MEG
MEG
Q4 25
$11.2M
Q3 25
$6.7M
Q2 25
$12.2M
$10.5M
Q1 25
$30.3M
Q4 24
$12.9M
Q3 24
$13.0M
Q2 24
$16.4M
$16.9M
Q1 24
$9.5M
Total Debt
AFRI
AFRI
MEG
MEG
Q4 25
$277.1M
Q3 25
$302.4M
Q2 25
$264.6M
Q1 25
$235.6M
Q4 24
$204.8M
Q3 24
$233.0M
Q2 24
$18.4M
$188.7M
Q1 24
$280.9M
Stockholders' Equity
AFRI
AFRI
MEG
MEG
Q4 25
$451.2M
Q3 25
$458.7M
Q2 25
$5.3M
$470.3M
Q1 25
$444.1M
Q4 24
$446.3M
Q3 24
$449.2M
Q2 24
$16.3M
$448.8M
Q1 24
$324.5M
Total Assets
AFRI
AFRI
MEG
MEG
Q4 25
$981.3M
Q3 25
$985.7M
Q2 25
$246.1M
$998.1M
Q1 25
$992.2M
Q4 24
$990.4M
Q3 24
$1.0B
Q2 24
$287.1M
$943.9M
Q1 24
$918.1M
Debt / Equity
AFRI
AFRI
MEG
MEG
Q4 25
0.61×
Q3 25
0.66×
Q2 25
0.56×
Q1 25
0.53×
Q4 24
0.46×
Q3 24
0.52×
Q2 24
1.13×
0.42×
Q1 24
0.87×

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
MEG
MEG
Operating Cash FlowLast quarter
$706.0K
$51.9M
Free Cash FlowOCF − Capex
$146.0K
$46.5M
FCF MarginFCF / Revenue
0.1%
24.1%
Capex IntensityCapex / Revenue
0.4%
2.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$91.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
MEG
MEG
Q4 25
$51.9M
Q3 25
$28.1M
Q2 25
$706.0K
$21.9M
Q1 25
$5.5M
Q4 24
$32.0M
Q3 24
$11.4M
Q2 24
$10.5M
$894.0K
Q1 24
$-22.0M
Free Cash Flow
AFRI
AFRI
MEG
MEG
Q4 25
$46.5M
Q3 25
$22.3M
Q2 25
$146.0K
$19.9M
Q1 25
$2.4M
Q4 24
$29.7M
Q3 24
$10.2M
Q2 24
$6.4M
$-9.8M
Q1 24
$-29.3M
FCF Margin
AFRI
AFRI
MEG
MEG
Q4 25
24.1%
Q3 25
9.9%
Q2 25
0.1%
8.5%
Q1 25
1.3%
Q4 24
15.7%
Q3 24
5.7%
Q2 24
4.4%
-5.6%
Q1 24
-18.9%
Capex Intensity
AFRI
AFRI
MEG
MEG
Q4 25
2.8%
Q3 25
2.6%
Q2 25
0.4%
0.8%
Q1 25
1.8%
Q4 24
1.2%
Q3 24
0.6%
Q2 24
2.8%
6.1%
Q1 24
4.7%
Cash Conversion
AFRI
AFRI
MEG
MEG
Q4 25
Q3 25
3.36×
Q2 25
1.19×
Q1 25
Q4 24
Q3 24
Q2 24
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%

MEG
MEG

Segment breakdown not available.

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