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Side-by-side financial comparison of Forafric Global PLC (AFRI) and MACOM Technology Solutions Holdings, Inc. (MTSI). Click either name above to swap in a different company.

MACOM Technology Solutions Holdings, Inc. is the larger business by last-quarter revenue ($271.6M vs $159.7M, roughly 1.7× Forafric Global PLC). MACOM Technology Solutions Holdings, Inc. runs the higher net margin — 18.0% vs -7.5%, a 25.5% gap on every dollar of revenue. MACOM Technology Solutions Holdings, Inc. produced more free cash flow last quarter ($30.0M 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.

MACOM Technology Solutions, Inc. is an American developer and producer of radio, microwave, and millimeter wave semiconductor devices and components. The company is headquartered in Lowell, Massachusetts, and in 2005 was Lowell's largest private employer. MACOM is certified to the ISO 9001 international quality standard and ISO 14001 environmental standard. The company has design centers and sales offices in North America, Europe, Asia and Australia.

AFRI vs MTSI — Head-to-Head

Bigger by revenue
MTSI
MTSI
1.7× larger
MTSI
$271.6M
$159.7M
AFRI
Higher net margin
MTSI
MTSI
25.5% more per $
MTSI
18.0%
-7.5%
AFRI
More free cash flow
MTSI
MTSI
$29.8M more FCF
MTSI
$30.0M
$146.0K
AFRI

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
AFRI
AFRI
MTSI
MTSI
Revenue
$159.7M
$271.6M
Net Profit
$-12.0M
$48.8M
Gross Margin
10.7%
55.9%
Operating Margin
-2.5%
15.9%
Net Margin
-7.5%
18.0%
Revenue YoY
24.5%
Net Profit YoY
129.1%
EPS (diluted)
$0.64

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
MTSI
MTSI
Q1 26
$271.6M
Q4 25
$261.2M
Q3 25
$252.1M
Q2 25
$159.7M
$235.9M
Q1 25
$218.1M
Q3 24
$200.7M
Q2 24
$145.6M
$190.5M
Q1 24
$181.2M
Net Profit
AFRI
AFRI
MTSI
MTSI
Q1 26
$48.8M
Q4 25
$45.1M
Q3 25
$36.5M
Q2 25
$-12.0M
$31.7M
Q1 25
$-167.5M
Q3 24
$29.4M
Q2 24
$-8.6M
$19.9M
Q1 24
$15.0M
Gross Margin
AFRI
AFRI
MTSI
MTSI
Q1 26
55.9%
Q4 25
54.5%
Q3 25
55.3%
Q2 25
10.7%
55.2%
Q1 25
53.7%
Q3 24
54.7%
Q2 24
9.4%
53.2%
Q1 24
52.5%
Operating Margin
AFRI
AFRI
MTSI
MTSI
Q1 26
15.9%
Q4 25
15.2%
Q3 25
14.9%
Q2 25
-2.5%
14.8%
Q1 25
8.0%
Q3 24
13.7%
Q2 24
-0.9%
10.4%
Q1 24
8.5%
Net Margin
AFRI
AFRI
MTSI
MTSI
Q1 26
18.0%
Q4 25
17.3%
Q3 25
14.5%
Q2 25
-7.5%
13.4%
Q1 25
-76.8%
Q3 24
14.7%
Q2 24
-5.9%
10.5%
Q1 24
8.3%
EPS (diluted)
AFRI
AFRI
MTSI
MTSI
Q1 26
$0.64
Q4 25
$0.67
Q3 25
$0.48
Q2 25
$0.42
Q1 25
$-2.30
Q3 24
$0.40
Q2 24
$0.27
Q1 24
$0.20

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
MTSI
MTSI
Cash + ST InvestmentsLiquidity on hand
$12.2M
$768.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.3M
$1.4B
Total Assets
$246.1M
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
MTSI
MTSI
Q1 26
$768.5M
Q4 25
$786.0M
Q3 25
$735.2M
Q2 25
$12.2M
$681.5M
Q1 25
$656.5M
Q3 24
$581.9M
Q2 24
$16.4M
$521.5M
Q1 24
$476.4M
Total Debt
AFRI
AFRI
MTSI
MTSI
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
$18.4M
Q1 24
Stockholders' Equity
AFRI
AFRI
MTSI
MTSI
Q1 26
$1.4B
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$5.3M
$1.2B
Q1 25
$1.2B
Q3 24
$1.1B
Q2 24
$16.3M
$1.1B
Q1 24
$1.0B
Total Assets
AFRI
AFRI
MTSI
MTSI
Q1 26
$2.1B
Q4 25
$2.1B
Q3 25
$2.0B
Q2 25
$246.1M
$1.9B
Q1 25
$1.8B
Q3 24
$1.8B
Q2 24
$287.1M
$1.7B
Q1 24
$1.7B
Debt / Equity
AFRI
AFRI
MTSI
MTSI
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
1.13×
Q1 24

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
MTSI
MTSI
Operating Cash FlowLast quarter
$706.0K
$42.9M
Free Cash FlowOCF − Capex
$146.0K
$30.0M
FCF MarginFCF / Revenue
0.1%
11.0%
Capex IntensityCapex / Revenue
0.4%
4.8%
Cash ConversionOCF / Net Profit
0.88×
TTM Free Cash FlowTrailing 4 quarters
$161.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
MTSI
MTSI
Q1 26
$42.9M
Q4 25
$69.6M
Q3 25
$60.4M
Q2 25
$706.0K
$38.7M
Q1 25
$66.7M
Q3 24
$62.3M
Q2 24
$10.5M
$49.0M
Q1 24
$18.2M
Free Cash Flow
AFRI
AFRI
MTSI
MTSI
Q1 26
$30.0M
Q4 25
$49.4M
Q3 25
$51.6M
Q2 25
$146.0K
$30.5M
Q1 25
$61.3M
Q3 24
$57.1M
Q2 24
$6.4M
$41.5M
Q1 24
$13.1M
FCF Margin
AFRI
AFRI
MTSI
MTSI
Q1 26
11.0%
Q4 25
18.9%
Q3 25
20.5%
Q2 25
0.1%
12.9%
Q1 25
28.1%
Q3 24
28.5%
Q2 24
4.4%
21.8%
Q1 24
7.2%
Capex Intensity
AFRI
AFRI
MTSI
MTSI
Q1 26
4.8%
Q4 25
7.7%
Q3 25
3.5%
Q2 25
0.4%
3.5%
Q1 25
2.4%
Q3 24
2.6%
Q2 24
2.8%
3.9%
Q1 24
2.8%
Cash Conversion
AFRI
AFRI
MTSI
MTSI
Q1 26
0.88×
Q4 25
1.54×
Q3 25
1.65×
Q2 25
1.22×
Q1 25
Q3 24
2.12×
Q2 24
2.46×
Q1 24
1.22×

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%

MTSI
MTSI

Industrial Defense$117.7M43%
Data Center$85.8M32%
Telecom$68.1M25%

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