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Side-by-side financial comparison of Forafric Global PLC (AFRI) and REX AMERICAN RESOURCES Corp (REX). Click either name above to swap in a different company.

REX AMERICAN RESOURCES Corp is the larger business by last-quarter revenue ($175.6M vs $159.7M, roughly 1.1× Forafric Global PLC). REX AMERICAN RESOURCES Corp runs the higher net margin — 15.6% vs -7.5%, a 23.2% gap on every dollar of revenue. REX AMERICAN RESOURCES Corp produced more free cash flow last quarter ($24.5M 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.

REX American Resources Corp. is an American producer and retailer of ethanol, distillers grains and natural gas as well as a holding company in energy entities. It was founded in 1980 and is headquartered in Dayton, Ohio. The company has the entire ownership of three affiliated corporations including Rex Radio and Television, Inc., Stereo Town, Inc. and Kelly & Cohen Appliances, Inc. As of 2012, the company has the ownership of 22 national retail stores and invested in five ethanol production...

AFRI vs REX — Head-to-Head

Bigger by revenue
REX
REX
1.1× larger
REX
$175.6M
$159.7M
AFRI
Higher net margin
REX
REX
23.2% more per $
REX
15.6%
-7.5%
AFRI
More free cash flow
REX
REX
$24.4M more FCF
REX
$24.5M
$146.0K
AFRI

Income Statement — Q2 FY2025 vs Q3 FY2026

Metric
AFRI
AFRI
REX
REX
Revenue
$159.7M
$175.6M
Net Profit
$-12.0M
$27.5M
Gross Margin
10.7%
20.6%
Operating Margin
-2.5%
20.2%
Net Margin
-7.5%
15.6%
Revenue YoY
0.4%
Net Profit YoY
-8.7%
EPS (diluted)
$0.71

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
REX
REX
Q4 25
$175.6M
Q3 25
$158.6M
Q2 25
$159.7M
$158.3M
Q1 25
$158.2M
Q4 24
$174.9M
Q3 24
$148.2M
Q2 24
$145.6M
$161.2M
Q1 24
$187.6M
Net Profit
AFRI
AFRI
REX
REX
Q4 25
$27.5M
Q3 25
$9.3M
Q2 25
$-12.0M
$10.7M
Q1 25
$14.1M
Q4 24
$30.1M
Q3 24
$15.0M
Q2 24
$-8.6M
$12.3M
Q1 24
$25.3M
Gross Margin
AFRI
AFRI
REX
REX
Q4 25
20.6%
Q3 25
9.0%
Q2 25
10.7%
9.1%
Q1 25
11.1%
Q4 24
22.7%
Q3 24
13.3%
Q2 24
9.4%
9.0%
Q1 24
16.2%
Operating Margin
AFRI
AFRI
REX
REX
Q4 25
20.2%
Q3 25
Q2 25
-2.5%
Q1 25
11.3%
Q4 24
22.6%
Q3 24
13.2%
Q2 24
-0.9%
9.9%
Q1 24
17.3%
Net Margin
AFRI
AFRI
REX
REX
Q4 25
15.6%
Q3 25
5.9%
Q2 25
-7.5%
6.7%
Q1 25
8.9%
Q4 24
17.2%
Q3 24
10.1%
Q2 24
-5.9%
7.6%
Q1 24
13.5%
EPS (diluted)
AFRI
AFRI
REX
REX
Q4 25
$0.71
Q3 25
$0.43
Q2 25
$0.51
Q1 25
$-0.32
Q4 24
$0.69
Q3 24
$0.70
Q2 24
$0.58
Q1 24
$-0.58

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
REX
REX
Cash + ST InvestmentsLiquidity on hand
$12.2M
$335.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.3M
$566.9M
Total Assets
$246.1M
$750.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
REX
REX
Q4 25
$335.5M
Q3 25
$310.5M
Q2 25
$12.2M
$315.9M
Q1 25
$359.1M
Q4 24
$365.1M
Q3 24
$346.0M
Q2 24
$16.4M
$351.8M
Q1 24
$378.7M
Total Debt
AFRI
AFRI
REX
REX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$18.4M
Q1 24
Stockholders' Equity
AFRI
AFRI
REX
REX
Q4 25
$566.9M
Q3 25
$545.8M
Q2 25
$5.3M
$536.4M
Q1 25
$560.3M
Q4 24
$564.5M
Q3 24
$539.6M
Q2 24
$16.3M
$524.5M
Q1 24
$513.9M
Total Assets
AFRI
AFRI
REX
REX
Q4 25
$750.1M
Q3 25
$700.6M
Q2 25
$246.1M
$693.8M
Q1 25
$720.0M
Q4 24
$715.7M
Q3 24
$680.0M
Q2 24
$287.1M
$671.0M
Q1 24
$664.8M
Debt / Equity
AFRI
AFRI
REX
REX
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
REX
REX
Operating Cash FlowLast quarter
$706.0K
$51.2M
Free Cash FlowOCF − Capex
$146.0K
$24.5M
FCF MarginFCF / Revenue
0.1%
14.0%
Capex IntensityCapex / Revenue
0.4%
15.2%
Cash ConversionOCF / Net Profit
1.87×
TTM Free Cash FlowTrailing 4 quarters
$17.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
REX
REX
Q4 25
$51.2M
Q3 25
$16.3M
Q2 25
$706.0K
$-3.5M
Q1 25
$25.1M
Q4 24
$33.4M
Q3 24
$8.0M
Q2 24
$10.5M
$-2.3M
Q1 24
$62.5M
Free Cash Flow
AFRI
AFRI
REX
REX
Q4 25
$24.5M
Q3 25
$-5.7M
Q2 25
$146.0K
$-10.4M
Q1 25
$9.2M
Q4 24
$18.2M
Q3 24
$-7.4M
Q2 24
$6.4M
$-27.1M
Q1 24
$47.2M
FCF Margin
AFRI
AFRI
REX
REX
Q4 25
14.0%
Q3 25
-3.6%
Q2 25
0.1%
-6.6%
Q1 25
5.8%
Q4 24
10.4%
Q3 24
-5.0%
Q2 24
4.4%
-16.8%
Q1 24
25.2%
Capex Intensity
AFRI
AFRI
REX
REX
Q4 25
15.2%
Q3 25
13.9%
Q2 25
0.4%
4.4%
Q1 25
10.0%
Q4 24
8.7%
Q3 24
10.4%
Q2 24
2.8%
15.4%
Q1 24
8.2%
Cash Conversion
AFRI
AFRI
REX
REX
Q4 25
1.87×
Q3 25
1.75×
Q2 25
-0.33×
Q1 25
1.78×
Q4 24
1.11×
Q3 24
0.53×
Q2 24
-0.18×
Q1 24
2.47×

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%

REX
REX

Ethanol$136.0M77%
Dried Distillers Grains$22.4M13%
Distillers Corn Oil$16.4M9%
Modified Distillers Grains$1.2M1%

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