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Forafric Global PLC（AFRI）与Commerce.com, Inc.（CMRC）财务数据对比。点击上方公司名可切换其他公司
Forafric Global PLC的季度营收约是Commerce.com, Inc.的1.8倍（$159.7M vs $89.5M），Forafric Global PLC净利率更高（-7.5% vs -9.3%，领先1.8%），Forafric Global PLC自由现金流更多（$146.0K vs $-2.2M）
Forafric Global PLC是一家聚焦非洲市场的农业综合企业，业务覆盖农产品生产、加工、分销全价值链，主营谷物、植物油等主食产品，核心市场为北非和西非地区，服务多领域客户，助力区域粮食安全保障。
SPS Commerce是一家总部位于美国明尼苏达州明尼阿波利斯市的科技企业，核心业务是为客户提供基于云端的供应链管理软件解决方案。公司除在美国本土设有分支机构外，还在阿姆斯特丹、北京、香港、多伦多、悉尼等全球多个城市布局了办公网点。
AFRI vs CMRC — 直观对比
营收规模更大
AFRI
是对方的1.8倍
$89.5M
净利率更高
AFRI
高出1.8%
-9.3%
自由现金流更多
AFRI
多$2.3M
$-2.2M
损益表 — Q2 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $159.7M | $89.5M |
| 净利润 | $-12.0M | $-8.4M |
| 毛利率 | 10.7% | 78.3% |
| 营业利润率 | -2.5% | -7.4% |
| 净利率 | -7.5% | -9.3% |
| 营收同比 | — | 2.9% |
| 净利润同比 | — | -250.0% |
| 每股收益（稀释后） | — | $-0.11 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AFRICMRC
| Q4 25 | — | $89.5M | ||
| Q3 25 | — | $86.0M | ||
| Q2 25 | $159.7M | $84.4M | ||
| Q1 25 | — | $82.4M | ||
| Q4 24 | — | $87.0M | ||
| Q3 24 | — | $83.7M | ||
| Q2 24 | $145.6M | $81.8M | ||
| Q1 24 | — | $80.4M |
净利润AFRICMRC
| Q4 25 | — | $-8.4M | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | $-12.0M | $-8.4M | ||
| Q1 25 | — | $-353.0K | ||
| Q4 24 | — | $-2.4M | ||
| Q3 24 | — | $-7.0M | ||
| Q2 24 | $-8.6M | $-11.3M | ||
| Q1 24 | — | $-6.4M |
毛利率AFRICMRC
| Q4 25 | — | 78.3% | ||
| Q3 25 | — | 78.4% | ||
| Q2 25 | 10.7% | 79.0% | ||
| Q1 25 | — | 79.4% | ||
| Q4 24 | — | 77.6% | ||
| Q3 24 | — | 76.3% | ||
| Q2 24 | 9.4% | 75.8% | ||
| Q1 24 | — | 77.1% |
营业利润率AFRICMRC
| Q4 25 | — | -7.4% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | -2.5% | -8.0% | ||
| Q1 25 | — | -2.9% | ||
| Q4 24 | — | -0.9% | ||
| Q3 24 | — | -23.0% | ||
| Q2 24 | -0.9% | -16.5% | ||
| Q1 24 | — | -10.2% |
净利率AFRICMRC
| Q4 25 | — | -9.3% | ||
| Q3 25 | — | -2.6% | ||
| Q2 25 | -7.5% | -9.9% | ||
| Q1 25 | — | -0.4% | ||
| Q4 24 | — | -2.7% | ||
| Q3 24 | — | -8.4% | ||
| Q2 24 | -5.9% | -13.8% | ||
| Q1 24 | — | -8.0% |
每股收益（稀释后）AFRICMRC
| Q4 25 | — | $-0.11 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | — | $-0.10 | ||
| Q1 25 | — | $0.00 | ||
| Q4 24 | — | $-0.03 | ||
| Q3 24 | — | $-0.09 | ||
| Q2 24 | — | $-0.15 | ||
| Q1 24 | — | $-0.08 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $12.2M | $141.1M |
| 总债务越低越好 | — | $157.0M |
| 股东权益账面价值 | $5.3M | $39.4M |
| 总资产 | $246.1M | $308.8M |
| 负债/权益比越低杠杆越低 | — | 3.99× |
8季度趋势，按日历期对齐
现金及短期投资AFRICMRC
| Q4 25 | — | $141.1M | ||
| Q3 25 | — | $142.0M | ||
| Q2 25 | $12.2M | $134.5M | ||
| Q1 25 | — | $120.7M | ||
| Q4 24 | — | $178.2M | ||
| Q3 24 | — | $168.4M | ||
| Q2 24 | $16.4M | $275.8M | ||
| Q1 24 | — | $265.2M |
总债务AFRICMRC
| Q4 25 | — | $157.0M | ||
| Q3 25 | — | $157.3M | ||
| Q2 25 | — | $157.5M | ||
| Q1 25 | — | $157.8M | ||
| Q4 24 | — | $216.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | $18.4M | $340.9M | ||
| Q1 24 | — | $340.5M |
股东权益AFRICMRC
| Q4 25 | — | $39.4M | ||
| Q3 25 | — | $42.8M | ||
| Q2 25 | $5.3M | $38.8M | ||
| Q1 25 | — | $38.1M | ||
| Q4 24 | — | $33.4M | ||
| Q3 24 | — | $29.0M | ||
| Q2 24 | $16.3M | $26.1M | ||
| Q1 24 | — | $26.9M |
总资产AFRICMRC
| Q4 25 | — | $308.8M | ||
| Q3 25 | — | $309.5M | ||
| Q2 25 | $246.1M | $302.5M | ||
| Q1 25 | — | $286.3M | ||
| Q4 24 | — | $340.3M | ||
| Q3 24 | — | $335.1M | ||
| Q2 24 | $287.1M | $452.5M | ||
| Q1 24 | — | $442.5M |
负债/权益比AFRICMRC
| Q4 25 | — | 3.99× | ||
| Q3 25 | — | 3.67× | ||
| Q2 25 | — | 4.06× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | — | 6.49× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.13× | 13.06× | ||
| Q1 24 | — | 12.65× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $706.0K | $980.0K |
| 自由现金流经营现金流 - 资本支出 | $146.0K | $-2.2M |
| 自由现金流率自由现金流/营收 | 0.1% | -2.4% |
| 资本支出强度资本支出/营收 | 0.4% | 3.5% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $16.9M |
8季度趋势，按日历期对齐
经营现金流AFRICMRC
| Q4 25 | — | $980.0K | ||
| Q3 25 | — | $10.6M | ||
| Q2 25 | $706.0K | $13.6M | ||
| Q1 25 | — | $401.0K | ||
| Q4 24 | — | $12.4M | ||
| Q3 24 | — | $5.6M | ||
| Q2 24 | $10.5M | $11.7M | ||
| Q1 24 | — | $-3.4M |
自由现金流AFRICMRC
| Q4 25 | — | $-2.2M | ||
| Q3 25 | — | $7.6M | ||
| Q2 25 | $146.0K | $11.9M | ||
| Q1 25 | — | $-424.0K | ||
| Q4 24 | — | $11.6M | ||
| Q3 24 | — | $4.5M | ||
| Q2 24 | $6.4M | $10.7M | ||
| Q1 24 | — | $-4.2M |
自由现金流率AFRICMRC
| Q4 25 | — | -2.4% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | 0.1% | 14.1% | ||
| Q1 25 | — | -0.5% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | — | 5.4% | ||
| Q2 24 | 4.4% | 13.0% | ||
| Q1 24 | — | -5.3% |
资本支出强度AFRICMRC
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | 0.4% | 2.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | 2.8% | 1.3% | ||
| Q1 24 | — | 1.0% |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AFRI
| Sales to external customers, Total | $159.7M | 100% |
| Couscous & Pasta | $934.0K | 1% |
| Soft Wheat | $393.0K | 0% |
CMRC
| Subscription And Circulation | $65.2M | 73% |
| Partner And Services | $24.4M | 27% |
