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Side-by-side financial comparison of Forafric Global PLC (AFRI) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.

UNIVERSAL DISPLAY CORP \PA\ is the larger business by last-quarter revenue ($172.9M vs $159.7M, roughly 1.1× Forafric Global PLC). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 38.4% vs -7.5%, a 45.9% gap on every dollar of revenue. UNIVERSAL DISPLAY CORP \PA\ produced more free cash flow last quarter ($15.1M 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.

Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.

AFRI vs OLED — Head-to-Head

Bigger by revenue
OLED
OLED
1.1× larger
OLED
$172.9M
$159.7M
AFRI
Higher net margin
OLED
OLED
45.9% more per $
OLED
38.4%
-7.5%
AFRI
More free cash flow
OLED
OLED
$14.9M more FCF
OLED
$15.1M
$146.0K
AFRI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AFRI
AFRI
OLED
OLED
Revenue
$159.7M
$172.9M
Net Profit
$-12.0M
$66.3M
Gross Margin
10.7%
76.1%
Operating Margin
-2.5%
38.9%
Net Margin
-7.5%
38.4%
Revenue YoY
6.6%
Net Profit YoY
44.2%
EPS (diluted)
$1.40

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
OLED
OLED
Q4 25
$172.9M
Q3 25
$139.6M
Q2 25
$159.7M
$171.8M
Q1 25
$166.3M
Q4 24
$162.3M
Q3 24
$161.6M
Q2 24
$145.6M
$158.5M
Q1 24
$165.3M
Net Profit
AFRI
AFRI
OLED
OLED
Q4 25
$66.3M
Q3 25
$44.0M
Q2 25
$-12.0M
$67.3M
Q1 25
$64.4M
Q4 24
$46.0M
Q3 24
$66.9M
Q2 24
$-8.6M
$52.3M
Q1 24
$56.9M
Gross Margin
AFRI
AFRI
OLED
OLED
Q4 25
76.1%
Q3 25
74.6%
Q2 25
10.7%
77.2%
Q1 25
77.1%
Q4 24
77.0%
Q3 24
77.8%
Q2 24
9.4%
75.8%
Q1 24
77.6%
Operating Margin
AFRI
AFRI
OLED
OLED
Q4 25
38.9%
Q3 25
30.9%
Q2 25
-2.5%
39.9%
Q1 25
41.9%
Q4 24
32.3%
Q3 24
41.5%
Q2 24
-0.9%
35.6%
Q1 24
38.0%
Net Margin
AFRI
AFRI
OLED
OLED
Q4 25
38.4%
Q3 25
31.5%
Q2 25
-7.5%
39.2%
Q1 25
38.8%
Q4 24
28.4%
Q3 24
41.4%
Q2 24
-5.9%
33.0%
Q1 24
34.4%
EPS (diluted)
AFRI
AFRI
OLED
OLED
Q4 25
$1.40
Q3 25
$0.92
Q2 25
$1.41
Q1 25
$1.35
Q4 24
$0.96
Q3 24
$1.40
Q2 24
$1.10
Q1 24
$1.19

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
OLED
OLED
Cash + ST InvestmentsLiquidity on hand
$12.2M
$602.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.3M
$1.8B
Total Assets
$246.1M
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
OLED
OLED
Q4 25
$602.4M
Q3 25
$603.0M
Q2 25
$12.2M
$525.2M
Q1 25
$571.3M
Q4 24
$492.7M
Q3 24
$551.6M
Q2 24
$16.4M
$530.5M
Q1 24
$539.3M
Total Debt
AFRI
AFRI
OLED
OLED
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$18.4M
Q1 24
Stockholders' Equity
AFRI
AFRI
OLED
OLED
Q4 25
$1.8B
Q3 25
$1.7B
Q2 25
$5.3M
$1.7B
Q1 25
$1.7B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$16.3M
$1.5B
Q1 24
$1.5B
Total Assets
AFRI
AFRI
OLED
OLED
Q4 25
$2.0B
Q3 25
$1.9B
Q2 25
$246.1M
$1.9B
Q1 25
$1.9B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$287.1M
$1.8B
Q1 24
$1.7B
Debt / Equity
AFRI
AFRI
OLED
OLED
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
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
OLED
OLED
Operating Cash FlowLast quarter
$706.0K
$31.1M
Free Cash FlowOCF − Capex
$146.0K
$15.1M
FCF MarginFCF / Revenue
0.1%
8.7%
Capex IntensityCapex / Revenue
0.4%
9.3%
Cash ConversionOCF / Net Profit
0.47×
TTM Free Cash FlowTrailing 4 quarters
$154.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
OLED
OLED
Q4 25
$31.1M
Q3 25
$97.2M
Q2 25
$706.0K
$51.9M
Q1 25
$30.6M
Q4 24
$34.7M
Q3 24
$79.9M
Q2 24
$10.5M
$67.0M
Q1 24
$72.2M
Free Cash Flow
AFRI
AFRI
OLED
OLED
Q4 25
$15.1M
Q3 25
$84.3M
Q2 25
$146.0K
$37.5M
Q1 25
$17.5M
Q4 24
$22.0M
Q3 24
$66.2M
Q2 24
$6.4M
$57.9M
Q1 24
$65.0M
FCF Margin
AFRI
AFRI
OLED
OLED
Q4 25
8.7%
Q3 25
60.4%
Q2 25
0.1%
21.8%
Q1 25
10.5%
Q4 24
13.6%
Q3 24
41.0%
Q2 24
4.4%
36.5%
Q1 24
39.3%
Capex Intensity
AFRI
AFRI
OLED
OLED
Q4 25
9.3%
Q3 25
9.2%
Q2 25
0.4%
8.4%
Q1 25
7.9%
Q4 24
7.8%
Q3 24
8.4%
Q2 24
2.8%
5.8%
Q1 24
4.4%
Cash Conversion
AFRI
AFRI
OLED
OLED
Q4 25
0.47×
Q3 25
2.21×
Q2 25
0.77×
Q1 25
0.47×
Q4 24
0.75×
Q3 24
1.19×
Q2 24
1.28×
Q1 24
1.27×

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%

OLED
OLED

Material Sales$95.5M55%
Other$72.6M42%
Contract Research Services$4.8M3%

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