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Side-by-side financial comparison of Forafric Global PLC (AFRI) and Ranger Energy Services, Inc. (RNGR). Click either name above to swap in a different company.

Forafric Global PLC is the larger business by last-quarter revenue ($159.7M vs $142.2M, roughly 1.1× Ranger Energy Services, Inc.). Ranger Energy Services, Inc. runs the higher net margin — 2.3% vs -7.5%, a 9.8% gap on every dollar of revenue. Ranger Energy Services, Inc. produced more free cash flow last quarter ($17.1M 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.

Ranger Energy Services, Inc. is a leading North American onshore oilfield services provider. It offers a full suite of well completion, workover, rig operations, and production enhancement solutions for upstream oil and gas operators, primarily serving active unconventional shale and tight resource basins across the continental United States.

AFRI vs RNGR — Head-to-Head

Bigger by revenue
AFRI
AFRI
1.1× larger
AFRI
$159.7M
$142.2M
RNGR
Higher net margin
RNGR
RNGR
9.8% more per $
RNGR
2.3%
-7.5%
AFRI
More free cash flow
RNGR
RNGR
$17.0M more FCF
RNGR
$17.1M
$146.0K
AFRI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AFRI
AFRI
RNGR
RNGR
Revenue
$159.7M
$142.2M
Net Profit
$-12.0M
$3.2M
Gross Margin
10.7%
Operating Margin
-2.5%
2.3%
Net Margin
-7.5%
2.3%
Revenue YoY
-0.6%
Net Profit YoY
-44.8%
EPS (diluted)
$0.14

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
RNGR
RNGR
Q4 25
$142.2M
Q3 25
$128.9M
Q2 25
$159.7M
$140.6M
Q1 25
$135.2M
Q4 24
$143.1M
Q3 24
$153.0M
Q2 24
$145.6M
$138.1M
Q1 24
$136.9M
Net Profit
AFRI
AFRI
RNGR
RNGR
Q4 25
$3.2M
Q3 25
$1.2M
Q2 25
$-12.0M
$7.3M
Q1 25
$600.0K
Q4 24
$5.8M
Q3 24
$8.7M
Q2 24
$-8.6M
$4.7M
Q1 24
$-800.0K
Gross Margin
AFRI
AFRI
RNGR
RNGR
Q4 25
Q3 25
Q2 25
10.7%
Q1 25
Q4 24
Q3 24
Q2 24
9.4%
Q1 24
Operating Margin
AFRI
AFRI
RNGR
RNGR
Q4 25
2.3%
Q3 25
2.0%
Q2 25
-2.5%
6.1%
Q1 25
0.7%
Q4 24
6.2%
Q3 24
8.4%
Q2 24
-0.9%
5.3%
Q1 24
-0.4%
Net Margin
AFRI
AFRI
RNGR
RNGR
Q4 25
2.3%
Q3 25
0.9%
Q2 25
-7.5%
5.2%
Q1 25
0.4%
Q4 24
4.1%
Q3 24
5.7%
Q2 24
-5.9%
3.4%
Q1 24
-0.6%
EPS (diluted)
AFRI
AFRI
RNGR
RNGR
Q4 25
$0.14
Q3 25
$0.05
Q2 25
$0.32
Q1 25
$0.03
Q4 24
$0.24
Q3 24
$0.39
Q2 24
$0.21
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
RNGR
RNGR
Cash + ST InvestmentsLiquidity on hand
$12.2M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.3M
$300.1M
Total Assets
$246.1M
$419.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
RNGR
RNGR
Q4 25
$10.3M
Q3 25
$45.2M
Q2 25
$12.2M
$48.9M
Q1 25
$40.3M
Q4 24
$40.9M
Q3 24
$14.8M
Q2 24
$16.4M
$8.7M
Q1 24
$11.1M
Total Debt
AFRI
AFRI
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$0
Q2 24
$18.4M
$0
Q1 24
$0
Stockholders' Equity
AFRI
AFRI
RNGR
RNGR
Q4 25
$300.1M
Q3 25
$270.0M
Q2 25
$5.3M
$276.9M
Q1 25
$272.6M
Q4 24
$273.8M
Q3 24
$267.6M
Q2 24
$16.3M
$260.5M
Q1 24
$261.7M
Total Assets
AFRI
AFRI
RNGR
RNGR
Q4 25
$419.3M
Q3 25
$372.8M
Q2 25
$246.1M
$381.7M
Q1 25
$376.5M
Q4 24
$381.6M
Q3 24
$373.9M
Q2 24
$287.1M
$359.6M
Q1 24
$355.5M
Debt / Equity
AFRI
AFRI
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
0.00×
Q2 24
1.13×
0.00×
Q1 24
0.00×

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
RNGR
RNGR
Operating Cash FlowLast quarter
$706.0K
$24.1M
Free Cash FlowOCF − Capex
$146.0K
$17.1M
FCF MarginFCF / Revenue
0.1%
12.0%
Capex IntensityCapex / Revenue
0.4%
4.9%
Cash ConversionOCF / Net Profit
7.53×
TTM Free Cash FlowTrailing 4 quarters
$42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
RNGR
RNGR
Q4 25
$24.1M
Q3 25
$13.6M
Q2 25
$706.0K
$20.7M
Q1 25
$10.6M
Q4 24
$32.7M
Q3 24
$17.7M
Q2 24
$10.5M
$22.1M
Q1 24
$12.0M
Free Cash Flow
AFRI
AFRI
RNGR
RNGR
Q4 25
$17.1M
Q3 25
$8.0M
Q2 25
$146.0K
$14.4M
Q1 25
$3.4M
Q4 24
$27.3M
Q3 24
$10.8M
Q2 24
$6.4M
$6.8M
Q1 24
$5.5M
FCF Margin
AFRI
AFRI
RNGR
RNGR
Q4 25
12.0%
Q3 25
6.2%
Q2 25
0.1%
10.2%
Q1 25
2.5%
Q4 24
19.1%
Q3 24
7.1%
Q2 24
4.4%
4.9%
Q1 24
4.0%
Capex Intensity
AFRI
AFRI
RNGR
RNGR
Q4 25
4.9%
Q3 25
4.3%
Q2 25
0.4%
4.5%
Q1 25
5.3%
Q4 24
3.8%
Q3 24
4.5%
Q2 24
2.8%
11.1%
Q1 24
4.7%
Cash Conversion
AFRI
AFRI
RNGR
RNGR
Q4 25
7.53×
Q3 25
11.33×
Q2 25
2.84×
Q1 25
17.67×
Q4 24
5.64×
Q3 24
2.03×
Q2 24
4.70×
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%

RNGR
RNGR

High Specification Rigs$92.3M65%
Processing Solutions And Ancillary Services$37.5M26%
Wireline Services$12.4M9%

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