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Side-by-side financial comparison of Forafric Global PLC (AFRI) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.

ONE Group Hospitality, Inc. is the larger business by last-quarter revenue ($207.0M vs $159.7M, roughly 1.3× Forafric Global PLC). ONE Group Hospitality, Inc. runs the higher net margin — -3.1% vs -7.5%, a 4.5% gap on every dollar of revenue. Forafric Global PLC produced more free cash flow last quarter ($146.0K vs $-329.0K).

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.

Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.

AFRI vs STKS — Head-to-Head

Bigger by revenue
STKS
STKS
1.3× larger
STKS
$207.0M
$159.7M
AFRI
Higher net margin
STKS
STKS
4.5% more per $
STKS
-3.1%
-7.5%
AFRI
More free cash flow
AFRI
AFRI
$475.0K more FCF
AFRI
$146.0K
$-329.0K
STKS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AFRI
AFRI
STKS
STKS
Revenue
$159.7M
$207.0M
Net Profit
$-12.0M
$-6.4M
Gross Margin
10.7%
Operating Margin
-2.5%
2.2%
Net Margin
-7.5%
-3.1%
Revenue YoY
-6.7%
Net Profit YoY
-531.8%
EPS (diluted)
$-0.50

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
STKS
STKS
Q4 25
$207.0M
Q3 25
$180.2M
Q2 25
$159.7M
$207.4M
Q1 25
$211.1M
Q4 24
$221.9M
Q3 24
$194.0M
Q2 24
$145.6M
$172.5M
Q1 24
$85.0M
Net Profit
AFRI
AFRI
STKS
STKS
Q4 25
$-6.4M
Q3 25
$-76.7M
Q2 25
$-12.0M
$-10.1M
Q1 25
$975.0K
Q4 24
$1.5M
Q3 24
$-9.3M
Q2 24
$-8.6M
$-7.3M
Q1 24
$-2.1M
Gross Margin
AFRI
AFRI
STKS
STKS
Q4 25
Q3 25
Q2 25
10.7%
Q1 25
Q4 24
Q3 24
Q2 24
9.4%
Q1 24
Operating Margin
AFRI
AFRI
STKS
STKS
Q4 25
2.2%
Q3 25
-4.4%
Q2 25
-2.5%
0.3%
Q1 25
5.1%
Q4 24
5.5%
Q3 24
-1.9%
Q2 24
-0.9%
0.6%
Q1 24
-0.7%
Net Margin
AFRI
AFRI
STKS
STKS
Q4 25
-3.1%
Q3 25
-42.6%
Q2 25
-7.5%
-4.9%
Q1 25
0.5%
Q4 24
0.7%
Q3 24
-4.8%
Q2 24
-5.9%
-4.3%
Q1 24
-2.4%
EPS (diluted)
AFRI
AFRI
STKS
STKS
Q4 25
$-0.50
Q3 25
$-2.75
Q2 25
$-0.59
Q1 25
$-0.21
Q4 24
$-0.18
Q3 24
$-0.53
Q2 24
$-0.38
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
STKS
STKS
Cash + ST InvestmentsLiquidity on hand
$12.2M
$4.2M
Total DebtLower is stronger
$354.2M
Stockholders' EquityBook value
$5.3M
$-75.8M
Total Assets
$246.1M
$884.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
STKS
STKS
Q4 25
$4.2M
Q3 25
$5.5M
Q2 25
$12.2M
$4.7M
Q1 25
$21.4M
Q4 24
$27.6M
Q3 24
$28.2M
Q2 24
$16.4M
$32.2M
Q1 24
$15.4M
Total Debt
AFRI
AFRI
STKS
STKS
Q4 25
$354.2M
Q3 25
$355.0M
Q2 25
$347.4M
Q1 25
$348.3M
Q4 24
$348.3M
Q3 24
$349.1M
Q2 24
$18.4M
$350.0M
Q1 24
$73.5M
Stockholders' Equity
AFRI
AFRI
STKS
STKS
Q4 25
$-75.8M
Q3 25
$-61.5M
Q2 25
$5.3M
$23.0M
Q1 25
$40.5M
Q4 24
$45.9M
Q3 24
$51.4M
Q2 24
$16.3M
$68.1M
Q1 24
$68.3M
Total Assets
AFRI
AFRI
STKS
STKS
Q4 25
$884.2M
Q3 25
$879.5M
Q2 25
$246.1M
$935.7M
Q1 25
$956.0M
Q4 24
$960.1M
Q3 24
$953.5M
Q2 24
$287.1M
$945.9M
Q1 24
$309.3M
Debt / Equity
AFRI
AFRI
STKS
STKS
Q4 25
Q3 25
Q2 25
15.07×
Q1 25
8.61×
Q4 24
7.59×
Q3 24
6.79×
Q2 24
1.13×
5.14×
Q1 24
1.08×

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
STKS
STKS
Operating Cash FlowLast quarter
$706.0K
$13.1M
Free Cash FlowOCF − Capex
$146.0K
$-329.0K
FCF MarginFCF / Revenue
0.1%
-0.2%
Capex IntensityCapex / Revenue
0.4%
6.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-27.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
STKS
STKS
Q4 25
$13.1M
Q3 25
$5.9M
Q2 25
$706.0K
$2.8M
Q1 25
$8.5M
Q4 24
$18.5M
Q3 24
$19.1M
Q2 24
$10.5M
$-3.8M
Q1 24
$10.4M
Free Cash Flow
AFRI
AFRI
STKS
STKS
Q4 25
$-329.0K
Q3 25
$-6.1M
Q2 25
$146.0K
$-15.0M
Q1 25
$-5.8M
Q4 24
$733.0K
Q3 24
$287.0K
Q2 24
$6.4M
$-23.0M
Q1 24
$-5.4M
FCF Margin
AFRI
AFRI
STKS
STKS
Q4 25
-0.2%
Q3 25
-3.4%
Q2 25
0.1%
-7.2%
Q1 25
-2.7%
Q4 24
0.3%
Q3 24
0.1%
Q2 24
4.4%
-13.3%
Q1 24
-6.4%
Capex Intensity
AFRI
AFRI
STKS
STKS
Q4 25
6.5%
Q3 25
6.7%
Q2 25
0.4%
8.6%
Q1 25
6.8%
Q4 24
8.0%
Q3 24
9.7%
Q2 24
2.8%
11.1%
Q1 24
18.6%
Cash Conversion
AFRI
AFRI
STKS
STKS
Q4 25
Q3 25
Q2 25
Q1 25
8.76×
Q4 24
12.54×
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%

STKS
STKS

Benihanas$111.3M54%
Steakhouse Restaurant$59.2M29%
Grill Concepts$32.3M16%
Other$4.2M2%

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