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Side-by-side financial comparison of Forafric Global PLC (AFRI) and SEMTECH CORP (SMTC). Click either name above to swap in a different company.

SEMTECH CORP is the larger business by last-quarter revenue ($267.0M vs $159.7M, roughly 1.7× Forafric Global PLC). SEMTECH CORP runs the higher net margin — -1.1% vs -7.5%, a 6.5% gap on every dollar of revenue. SEMTECH CORP produced more free cash flow last quarter ($44.6M 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.

Semtech Corporation is an American supplier of analog and mixed-signal semiconductors and advanced algorithms for consumer, enterprise computing, communications and industrial end-markets. It is based in Camarillo, Ventura County, Southern California. It was founded in 1960 in Newbury Park, California. It has 32 locations in 15 countries in North America, Europe, and Asia.

AFRI vs SMTC — Head-to-Head

Bigger by revenue
SMTC
SMTC
1.7× larger
SMTC
$267.0M
$159.7M
AFRI
Higher net margin
SMTC
SMTC
6.5% more per $
SMTC
-1.1%
-7.5%
AFRI
More free cash flow
SMTC
SMTC
$44.5M more FCF
SMTC
$44.6M
$146.0K
AFRI

Income Statement — Q2 FY2025 vs Q3 FY2026

Metric
AFRI
AFRI
SMTC
SMTC
Revenue
$159.7M
$267.0M
Net Profit
$-12.0M
$-2.9M
Gross Margin
10.7%
51.9%
Operating Margin
-2.5%
11.6%
Net Margin
-7.5%
-1.1%
Revenue YoY
12.7%
Net Profit YoY
62.3%
EPS (diluted)
$-0.03

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
SMTC
SMTC
Q4 25
$267.0M
Q3 25
$257.6M
Q2 25
$159.7M
$251.1M
Q1 25
$251.0M
Q4 24
$236.8M
Q3 24
$215.4M
Q2 24
$145.6M
$206.1M
Q1 24
$192.9M
Net Profit
AFRI
AFRI
SMTC
SMTC
Q4 25
$-2.9M
Q3 25
$-27.1M
Q2 25
$-12.0M
$19.3M
Q1 25
$39.1M
Q4 24
$-7.6M
Q3 24
$-170.3M
Q2 24
$-8.6M
$-23.2M
Q1 24
$-642.4M
Gross Margin
AFRI
AFRI
SMTC
SMTC
Q4 25
51.9%
Q3 25
52.1%
Q2 25
10.7%
52.3%
Q1 25
52.0%
Q4 24
51.1%
Q3 24
49.0%
Q2 24
9.4%
48.3%
Q1 24
-0.2%
Operating Margin
AFRI
AFRI
SMTC
SMTC
Q4 25
11.6%
Q3 25
-6.3%
Q2 25
-2.5%
14.3%
Q1 25
8.5%
Q4 24
7.5%
Q3 24
3.6%
Q2 24
-0.9%
1.5%
Q1 24
-321.3%
Net Margin
AFRI
AFRI
SMTC
SMTC
Q4 25
-1.1%
Q3 25
-10.5%
Q2 25
-7.5%
7.7%
Q1 25
15.6%
Q4 24
-3.2%
Q3 24
-79.1%
Q2 24
-5.9%
-11.2%
Q1 24
-332.9%
EPS (diluted)
AFRI
AFRI
SMTC
SMTC
Q4 25
$-0.03
Q3 25
$-0.31
Q2 25
$0.22
Q1 25
$0.81
Q4 24
$-0.10
Q3 24
$-2.61
Q2 24
$-0.36
Q1 24
$-10.00

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
SMTC
SMTC
Cash + ST InvestmentsLiquidity on hand
$12.2M
$164.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.3M
$565.7M
Total Assets
$246.1M
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
SMTC
SMTC
Q4 25
$164.7M
Q3 25
$168.6M
Q2 25
$12.2M
$156.5M
Q1 25
$151.7M
Q4 24
$136.5M
Q3 24
$115.9M
Q2 24
$16.4M
$126.8M
Q1 24
$128.6M
Total Debt
AFRI
AFRI
SMTC
SMTC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$18.4M
Q1 24
Stockholders' Equity
AFRI
AFRI
SMTC
SMTC
Q4 25
$565.7M
Q3 25
$552.9M
Q2 25
$5.3M
$568.8M
Q1 25
$542.4M
Q4 24
$-139.7M
Q3 24
$-141.4M
Q2 24
$16.3M
$-313.1M
Q1 24
$-307.4M
Total Assets
AFRI
AFRI
SMTC
SMTC
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$246.1M
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$287.1M
$1.4B
Q1 24
$1.4B
Debt / Equity
AFRI
AFRI
SMTC
SMTC
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
SMTC
SMTC
Operating Cash FlowLast quarter
$706.0K
$47.5M
Free Cash FlowOCF − Capex
$146.0K
$44.6M
FCF MarginFCF / Revenue
0.1%
16.7%
Capex IntensityCapex / Revenue
0.4%
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$143.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
SMTC
SMTC
Q4 25
$47.5M
Q3 25
$44.4M
Q2 25
$706.0K
$27.8M
Q1 25
$33.5M
Q4 24
$29.6M
Q3 24
$-5.0M
Q2 24
$10.5M
$-89.0K
Q1 24
$13.9M
Free Cash Flow
AFRI
AFRI
SMTC
SMTC
Q4 25
$44.6M
Q3 25
$41.5M
Q2 25
$146.0K
$26.2M
Q1 25
$30.9M
Q4 24
$29.1M
Q3 24
$-8.4M
Q2 24
$6.4M
$-1.4M
Q1 24
$12.2M
FCF Margin
AFRI
AFRI
SMTC
SMTC
Q4 25
16.7%
Q3 25
16.1%
Q2 25
0.1%
10.4%
Q1 25
12.3%
Q4 24
12.3%
Q3 24
-3.9%
Q2 24
4.4%
-0.7%
Q1 24
6.3%
Capex Intensity
AFRI
AFRI
SMTC
SMTC
Q4 25
1.1%
Q3 25
1.1%
Q2 25
0.4%
0.7%
Q1 25
1.0%
Q4 24
0.2%
Q3 24
1.6%
Q2 24
2.8%
0.6%
Q1 24
0.9%
Cash Conversion
AFRI
AFRI
SMTC
SMTC
Q4 25
Q3 25
Q2 25
1.44×
Q1 25
0.86×
Q4 24
Q3 24
Q2 24
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%

SMTC
SMTC

Products$239.5M90%
Services$27.4M10%

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