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Side-by-side financial comparison of Forafric Global PLC (AFRI) and OIL STATES INTERNATIONAL, INC (OIS). Click either name above to swap in a different company.

OIL STATES INTERNATIONAL, INC is the larger business by last-quarter revenue ($178.5M vs $159.7M, roughly 1.1× Forafric Global PLC). Forafric Global PLC runs the higher net margin — -7.5% vs -65.7%, a 58.2% gap on every dollar of revenue. OIL STATES INTERNATIONAL, INC produced more free cash flow last quarter ($47.1M 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.

Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.

AFRI vs OIS — Head-to-Head

Bigger by revenue
OIS
OIS
1.1× larger
OIS
$178.5M
$159.7M
AFRI
Higher net margin
AFRI
AFRI
58.2% more per $
AFRI
-7.5%
-65.7%
OIS
More free cash flow
OIS
OIS
$47.0M more FCF
OIS
$47.1M
$146.0K
AFRI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AFRI
AFRI
OIS
OIS
Revenue
$159.7M
$178.5M
Net Profit
$-12.0M
$-117.2M
Gross Margin
10.7%
10.9%
Operating Margin
-2.5%
-63.7%
Net Margin
-7.5%
-65.7%
Revenue YoY
8.4%
Net Profit YoY
-873.2%
EPS (diluted)
$-1.99

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
OIS
OIS
Q4 25
$178.5M
Q3 25
$165.2M
Q2 25
$159.7M
$165.4M
Q1 25
$159.9M
Q4 24
$164.6M
Q3 24
$174.3M
Q2 24
$145.6M
$186.4M
Q1 24
$167.3M
Net Profit
AFRI
AFRI
OIS
OIS
Q4 25
$-117.2M
Q3 25
$1.9M
Q2 25
$-12.0M
$2.8M
Q1 25
$3.2M
Q4 24
$15.2M
Q3 24
$-14.3M
Q2 24
$-8.6M
$1.3M
Q1 24
$-13.4M
Gross Margin
AFRI
AFRI
OIS
OIS
Q4 25
10.9%
Q3 25
22.1%
Q2 25
10.7%
24.2%
Q1 25
23.3%
Q4 24
23.7%
Q3 24
21.7%
Q2 24
9.4%
23.8%
Q1 24
21.1%
Operating Margin
AFRI
AFRI
OIS
OIS
Q4 25
-63.7%
Q3 25
2.9%
Q2 25
-2.5%
3.2%
Q1 25
3.5%
Q4 24
11.2%
Q3 24
-6.3%
Q2 24
-0.9%
1.1%
Q1 24
-6.7%
Net Margin
AFRI
AFRI
OIS
OIS
Q4 25
-65.7%
Q3 25
1.2%
Q2 25
-7.5%
1.7%
Q1 25
2.0%
Q4 24
9.2%
Q3 24
-8.2%
Q2 24
-5.9%
0.7%
Q1 24
-8.0%
EPS (diluted)
AFRI
AFRI
OIS
OIS
Q4 25
$-1.99
Q3 25
$0.03
Q2 25
$0.05
Q1 25
$0.05
Q4 24
$0.24
Q3 24
$-0.23
Q2 24
$0.02
Q1 24
$-0.21

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
OIS
OIS
Cash + ST InvestmentsLiquidity on hand
$12.2M
$69.9M
Total DebtLower is stronger
$1.7M
Stockholders' EquityBook value
$5.3M
$573.2M
Total Assets
$246.1M
$883.4M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
OIS
OIS
Q4 25
$69.9M
Q3 25
$67.1M
Q2 25
$12.2M
$53.9M
Q1 25
$66.8M
Q4 24
$65.4M
Q3 24
$46.0M
Q2 24
$16.4M
$25.2M
Q1 24
$24.1M
Total Debt
AFRI
AFRI
OIS
OIS
Q4 25
$1.7M
Q3 25
$1.9M
Q2 25
$1.9M
Q1 25
$124.7M
Q4 24
$124.7M
Q3 24
$124.6M
Q2 24
$18.4M
$124.3M
Q1 24
$135.6M
Stockholders' Equity
AFRI
AFRI
OIS
OIS
Q4 25
$573.2M
Q3 25
$689.0M
Q2 25
$5.3M
$690.6M
Q1 25
$683.4M
Q4 24
$680.7M
Q3 24
$684.8M
Q2 24
$16.3M
$690.4M
Q1 24
$692.3M
Total Assets
AFRI
AFRI
OIS
OIS
Q4 25
$883.4M
Q3 25
$1.0B
Q2 25
$246.1M
$993.7M
Q1 25
$990.7M
Q4 24
$1.0B
Q3 24
$994.1M
Q2 24
$287.1M
$1.0B
Q1 24
$1.0B
Debt / Equity
AFRI
AFRI
OIS
OIS
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.18×
Q4 24
0.18×
Q3 24
0.18×
Q2 24
1.13×
0.18×
Q1 24
0.20×

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
OIS
OIS
Operating Cash FlowLast quarter
$706.0K
$50.1M
Free Cash FlowOCF − Capex
$146.0K
$47.1M
FCF MarginFCF / Revenue
0.1%
26.4%
Capex IntensityCapex / Revenue
0.4%
1.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$73.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
OIS
OIS
Q4 25
$50.1M
Q3 25
$30.7M
Q2 25
$706.0K
$15.0M
Q1 25
$9.3M
Q4 24
$18.2M
Q3 24
$28.8M
Q2 24
$10.5M
$10.2M
Q1 24
$-11.4M
Free Cash Flow
AFRI
AFRI
OIS
OIS
Q4 25
$47.1M
Q3 25
$22.0M
Q2 25
$146.0K
$4.7M
Q1 25
$137.0K
Q4 24
$4.0M
Q3 24
$21.4M
Q2 24
$6.4M
$4.5M
Q1 24
$-21.5M
FCF Margin
AFRI
AFRI
OIS
OIS
Q4 25
26.4%
Q3 25
13.3%
Q2 25
0.1%
2.8%
Q1 25
0.1%
Q4 24
2.4%
Q3 24
12.3%
Q2 24
4.4%
2.4%
Q1 24
-12.8%
Capex Intensity
AFRI
AFRI
OIS
OIS
Q4 25
1.7%
Q3 25
5.3%
Q2 25
0.4%
6.2%
Q1 25
5.7%
Q4 24
8.6%
Q3 24
4.3%
Q2 24
2.8%
3.1%
Q1 24
6.0%
Cash Conversion
AFRI
AFRI
OIS
OIS
Q4 25
Q3 25
16.15×
Q2 25
5.33×
Q1 25
2.94×
Q4 24
1.20×
Q3 24
Q2 24
7.87×
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%

OIS
OIS

Project Driven$112.6M63%
Downhole Technologies$32.1M18%
Completion And Production Services$23.1M13%
Military And Other Products$10.7M6%

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