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

WAFD INC is the larger business by last-quarter revenue ($191.4M vs $159.7M, roughly 1.2× Forafric Global PLC). WAFD INC runs the higher net margin — 33.5% vs -7.5%, a 41.1% gap on every dollar of revenue. WAFD INC produced more free cash flow last quarter ($50.0M 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.

Washington Federal Bank is a bank based in Seattle, Washington. It operates 210 branches in Washington, Oregon, Idaho, Nevada, Utah, Arizona, New Mexico, California, and Texas. It is on the list of largest banks in the United States.

AFRI vs WAFD — Head-to-Head

Bigger by revenue
WAFD
WAFD
1.2× larger
WAFD
$191.4M
$159.7M
AFRI
Higher net margin
WAFD
WAFD
41.1% more per $
WAFD
33.5%
-7.5%
AFRI
More free cash flow
WAFD
WAFD
$49.9M more FCF
WAFD
$50.0M
$146.0K
AFRI

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
AFRI
AFRI
WAFD
WAFD
Revenue
$159.7M
$191.4M
Net Profit
$-12.0M
$64.2M
Gross Margin
10.7%
Operating Margin
-2.5%
43.0%
Net Margin
-7.5%
33.5%
Revenue YoY
11.8%
Net Profit YoY
35.8%
EPS (diluted)
$0.79

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
WAFD
WAFD
Q4 25
$191.4M
Q3 25
$188.3M
Q2 25
$159.7M
$186.3M
Q1 25
$179.8M
Q4 24
$171.1M
Q3 24
$188.7M
Q2 24
$145.6M
$194.4M
Q1 24
$172.0M
Net Profit
AFRI
AFRI
WAFD
WAFD
Q4 25
$64.2M
Q3 25
$60.6M
Q2 25
$-12.0M
$62.0M
Q1 25
$56.3M
Q4 24
$47.3M
Q3 24
$61.1M
Q2 24
$-8.6M
$64.6M
Q1 24
$15.9M
Gross Margin
AFRI
AFRI
WAFD
WAFD
Q4 25
Q3 25
Q2 25
10.7%
Q1 25
Q4 24
Q3 24
Q2 24
9.4%
Q1 24
Operating Margin
AFRI
AFRI
WAFD
WAFD
Q4 25
43.0%
Q3 25
41.2%
Q2 25
-2.5%
42.8%
Q1 25
40.1%
Q4 24
35.2%
Q3 24
42.8%
Q2 24
-0.9%
42.6%
Q1 24
12.2%
Net Margin
AFRI
AFRI
WAFD
WAFD
Q4 25
33.5%
Q3 25
32.2%
Q2 25
-7.5%
33.3%
Q1 25
31.3%
Q4 24
27.6%
Q3 24
32.4%
Q2 24
-5.9%
33.2%
Q1 24
9.2%
EPS (diluted)
AFRI
AFRI
WAFD
WAFD
Q4 25
$0.79
Q3 25
$0.71
Q2 25
$0.73
Q1 25
$0.65
Q4 24
$0.54
Q3 24
$0.73
Q2 24
$0.75
Q1 24
$0.17

Balance Sheet & Financial Strength

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

Metric
AFRI
AFRI
WAFD
WAFD
Cash + ST InvestmentsLiquidity on hand
$12.2M
$734.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.3M
$3.0B
Total Assets
$246.1M
$27.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFRI
AFRI
WAFD
WAFD
Q4 25
$734.9M
Q3 25
$657.3M
Q2 25
$12.2M
$809.3M
Q1 25
$1.2B
Q4 24
$1.5B
Q3 24
$2.4B
Q2 24
$16.4M
$2.5B
Q1 24
$1.5B
Total Debt
AFRI
AFRI
WAFD
WAFD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$18.4M
Q1 24
Stockholders' Equity
AFRI
AFRI
WAFD
WAFD
Q4 25
$3.0B
Q3 25
$3.0B
Q2 25
$5.3M
$3.0B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$3.0B
Q2 24
$16.3M
$3.0B
Q1 24
$2.9B
Total Assets
AFRI
AFRI
WAFD
WAFD
Q4 25
$27.3B
Q3 25
$26.7B
Q2 25
$246.1M
$26.7B
Q1 25
$27.6B
Q4 24
$27.7B
Q3 24
$28.1B
Q2 24
$287.1M
$28.6B
Q1 24
$30.1B
Debt / Equity
AFRI
AFRI
WAFD
WAFD
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
WAFD
WAFD
Operating Cash FlowLast quarter
$706.0K
$60.5M
Free Cash FlowOCF − Capex
$146.0K
$50.0M
FCF MarginFCF / Revenue
0.1%
26.1%
Capex IntensityCapex / Revenue
0.4%
5.5%
Cash ConversionOCF / Net Profit
0.94×
TTM Free Cash FlowTrailing 4 quarters
$377.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFRI
AFRI
WAFD
WAFD
Q4 25
$60.5M
Q3 25
$237.0M
Q2 25
$706.0K
$58.0M
Q1 25
$72.1M
Q4 24
$49.4M
Q3 24
$439.2M
Q2 24
$10.5M
$63.1M
Q1 24
$169.2M
Free Cash Flow
AFRI
AFRI
WAFD
WAFD
Q4 25
$50.0M
Q3 25
$208.2M
Q2 25
$146.0K
$53.1M
Q1 25
$66.6M
Q4 24
$43.0M
Q3 24
$414.6M
Q2 24
$6.4M
$58.3M
Q1 24
$164.8M
FCF Margin
AFRI
AFRI
WAFD
WAFD
Q4 25
26.1%
Q3 25
110.6%
Q2 25
0.1%
28.5%
Q1 25
37.0%
Q4 24
25.1%
Q3 24
219.7%
Q2 24
4.4%
30.0%
Q1 24
95.8%
Capex Intensity
AFRI
AFRI
WAFD
WAFD
Q4 25
5.5%
Q3 25
15.2%
Q2 25
0.4%
2.6%
Q1 25
3.1%
Q4 24
3.8%
Q3 24
13.1%
Q2 24
2.8%
2.5%
Q1 24
2.6%
Cash Conversion
AFRI
AFRI
WAFD
WAFD
Q4 25
0.94×
Q3 25
3.91×
Q2 25
0.94×
Q1 25
1.28×
Q4 24
1.05×
Q3 24
7.18×
Q2 24
0.98×
Q1 24
10.65×

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%

WAFD
WAFD

Segment breakdown not available.

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