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Side-by-side financial comparison of Forafric Global PLC (AFRI) and TOYO Co., Ltd (TOYO). Click either name above to swap in a different company.

Forafric Global PLC is the larger business by last-quarter revenue ($159.7M vs $139.1M, roughly 1.1× TOYO Co., Ltd). TOYO Co., Ltd runs the higher net margin — 2.5% vs -7.5%, a 10.0% gap on every dollar of revenue. Forafric Global PLC produced more free cash flow last quarter ($146.0K vs $-7.1M).

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.

Toyo Tire Corporation , commonly known as Toyo Tires, is a multinational tire and rubber products company based in Itami, Japan. The company owns and operates eight factories in Asia, North America, and Europe and distributes tires and automotive components through fourteen sales companies throughout the world.

AFRI vs TOYO — Head-to-Head

Bigger by revenue
AFRI
AFRI
1.1× larger
AFRI
$159.7M
$139.1M
TOYO
Higher net margin
TOYO
TOYO
10.0% more per $
TOYO
2.5%
-7.5%
AFRI
More free cash flow
AFRI
AFRI
$7.2M more FCF
AFRI
$146.0K
$-7.1M
TOYO

Income Statement — Q2 FY2025 vs Q2 FY2025

Metric
AFRI
AFRI
TOYO
TOYO
Revenue
$159.7M
$139.1M
Net Profit
$-12.0M
$3.5M
Gross Margin
10.7%
16.6%
Operating Margin
-2.5%
7.0%
Net Margin
-7.5%
2.5%
Revenue YoY
0.7%
Net Profit YoY
-82.3%
EPS (diluted)
$0.10

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
TOYO
TOYO
Q2 25
$159.7M
$139.1M
Q2 24
$145.6M
$138.1M
Q2 23
$155.0M
Net Profit
AFRI
AFRI
TOYO
TOYO
Q2 25
$-12.0M
$3.5M
Q2 24
$-8.6M
$19.6M
Q2 23
$-8.4M
Gross Margin
AFRI
AFRI
TOYO
TOYO
Q2 25
10.7%
16.6%
Q2 24
9.4%
19.3%
Q2 23
9.7%
Operating Margin
AFRI
AFRI
TOYO
TOYO
Q2 25
-2.5%
7.0%
Q2 24
-0.9%
16.3%
Q2 23
Net Margin
AFRI
AFRI
TOYO
TOYO
Q2 25
-7.5%
2.5%
Q2 24
-5.9%
14.2%
Q2 23
-5.4%
EPS (diluted)
AFRI
AFRI
TOYO
TOYO
Q2 25
$0.10
Q2 24
$0.48
Q2 23

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
TOYO
TOYO
Cash + ST InvestmentsLiquidity on hand
$12.2M
Total DebtLower is stronger
$13.7M
Stockholders' EquityBook value
$5.3M
$67.0M
Total Assets
$246.1M
$353.6M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
TOYO
TOYO
Q2 25
$12.2M
Q2 24
$16.4M
Q2 23
$24.8M
Total Debt
AFRI
AFRI
TOYO
TOYO
Q2 25
$13.7M
Q2 24
$18.4M
$22.4M
Q2 23
Stockholders' Equity
AFRI
AFRI
TOYO
TOYO
Q2 25
$5.3M
$67.0M
Q2 24
$16.3M
$73.4M
Q2 23
$45.0M
Total Assets
AFRI
AFRI
TOYO
TOYO
Q2 25
$246.1M
$353.6M
Q2 24
$287.1M
$241.4M
Q2 23
$307.2M
Debt / Equity
AFRI
AFRI
TOYO
TOYO
Q2 25
0.20×
Q2 24
1.13×
0.31×
Q2 23

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
TOYO
TOYO
Operating Cash FlowLast quarter
$706.0K
$40.0M
Free Cash FlowOCF − Capex
$146.0K
$-7.1M
FCF MarginFCF / Revenue
0.1%
-5.1%
Capex IntensityCapex / Revenue
0.4%
33.9%
Cash ConversionOCF / Net Profit
11.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
TOYO
TOYO
Q2 25
$706.0K
$40.0M
Q2 24
$10.5M
$21.8M
Q2 23
Free Cash Flow
AFRI
AFRI
TOYO
TOYO
Q2 25
$146.0K
$-7.1M
Q2 24
$6.4M
$5.2M
Q2 23
FCF Margin
AFRI
AFRI
TOYO
TOYO
Q2 25
0.1%
-5.1%
Q2 24
4.4%
3.8%
Q2 23
Capex Intensity
AFRI
AFRI
TOYO
TOYO
Q2 25
0.4%
33.9%
Q2 24
2.8%
12.0%
Q2 23
Cash Conversion
AFRI
AFRI
TOYO
TOYO
Q2 25
11.55×
Q2 24
1.11×
Q2 23

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%

TOYO
TOYO

Segment breakdown not available.

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