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

Millrose Properties, Inc. is the larger business by last-quarter revenue ($189.5M vs $159.7M, roughly 1.2× Forafric Global PLC). Millrose Properties, Inc. runs the higher net margin — 64.5% vs -7.5%, a 72.1% 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.

Millrose Properties, Inc. is a U.S.-based real estate enterprise primarily focused on the acquisition, ownership, operation, and management of income-generating multi-family residential assets. Its core markets span the U.S. Mid-Atlantic and Southeast regions, and it also offers professional property management services to select third-party property owners.

AFRI vs MRP — Head-to-Head

Bigger by revenue
MRP
MRP
1.2× larger
MRP
$189.5M
$159.7M
AFRI
Higher net margin
MRP
MRP
72.1% more per $
MRP
64.5%
-7.5%
AFRI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AFRI
AFRI
MRP
MRP
Revenue
$159.7M
$189.5M
Net Profit
$-12.0M
$122.2M
Gross Margin
10.7%
Operating Margin
-2.5%
84.8%
Net Margin
-7.5%
64.5%
Revenue YoY
Net Profit YoY
285.8%
EPS (diluted)
$0.74

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
MRP
MRP
Q4 25
$189.5M
Q3 25
$179.3M
Q2 25
$159.7M
$149.0M
Q1 25
$82.7M
Q2 24
$145.6M
Q2 23
$155.0M
Net Profit
AFRI
AFRI
MRP
MRP
Q4 25
$122.2M
Q3 25
$105.1M
Q2 25
$-12.0M
$112.8M
Q1 25
$39.8M
Q2 24
$-8.6M
Q2 23
$-8.4M
Gross Margin
AFRI
AFRI
MRP
MRP
Q4 25
Q3 25
Q2 25
10.7%
Q1 25
Q2 24
9.4%
Q2 23
9.7%
Operating Margin
AFRI
AFRI
MRP
MRP
Q4 25
84.8%
Q3 25
85.3%
Q2 25
-2.5%
85.1%
Q1 25
55.2%
Q2 24
-0.9%
Q2 23
Net Margin
AFRI
AFRI
MRP
MRP
Q4 25
64.5%
Q3 25
58.6%
Q2 25
-7.5%
75.7%
Q1 25
48.1%
Q2 24
-5.9%
Q2 23
-5.4%
EPS (diluted)
AFRI
AFRI
MRP
MRP
Q4 25
$0.74
Q3 25
$0.63
Q2 25
$0.68
Q1 25
$0.39
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
MRP
MRP
Cash + ST InvestmentsLiquidity on hand
$12.2M
$35.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.3M
$5.9B
Total Assets
$246.1M
$9.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
MRP
MRP
Q4 25
$35.0M
Q3 25
$242.6M
Q2 25
$12.2M
$66.6M
Q1 25
$89.5M
Q2 24
$16.4M
Q2 23
$24.8M
Total Debt
AFRI
AFRI
MRP
MRP
Q4 25
Q3 25
Q2 25
Q1 25
Q2 24
$18.4M
Q2 23
Stockholders' Equity
AFRI
AFRI
MRP
MRP
Q4 25
$5.9B
Q3 25
$5.9B
Q2 25
$5.3M
$5.9B
Q1 25
$5.9B
Q2 24
$16.3M
Q2 23
$45.0M
Total Assets
AFRI
AFRI
MRP
MRP
Q4 25
$9.3B
Q3 25
$9.0B
Q2 25
$246.1M
$8.0B
Q1 25
$7.2B
Q2 24
$287.1M
Q2 23
$307.2M
Debt / Equity
AFRI
AFRI
MRP
MRP
Q4 25
Q3 25
Q2 25
Q1 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
MRP
MRP
Operating Cash FlowLast quarter
$706.0K
$3.7B
Free Cash FlowOCF − Capex
$146.0K
FCF MarginFCF / Revenue
0.1%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
30.05×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
MRP
MRP
Q4 25
$3.7B
Q3 25
$123.1M
Q2 25
$706.0K
$109.1M
Q1 25
$21.3M
Q2 24
$10.5M
Q2 23
Free Cash Flow
AFRI
AFRI
MRP
MRP
Q4 25
Q3 25
Q2 25
$146.0K
Q1 25
Q2 24
$6.4M
Q2 23
FCF Margin
AFRI
AFRI
MRP
MRP
Q4 25
Q3 25
Q2 25
0.1%
Q1 25
Q2 24
4.4%
Q2 23
Capex Intensity
AFRI
AFRI
MRP
MRP
Q4 25
Q3 25
Q2 25
0.4%
Q1 25
Q2 24
2.8%
Q2 23
Cash Conversion
AFRI
AFRI
MRP
MRP
Q4 25
30.05×
Q3 25
1.17×
Q2 25
0.97×
Q1 25
0.53×
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%

MRP
MRP

Segment breakdown not available.

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