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Forafric Global PLC（AFRI）与IPG PHOTONICS CORP（IPGP）财务数据对比。点击上方公司名可切换其他公司
IPG PHOTONICS CORP的季度营收约是Forafric Global PLC的1.7倍（$274.5M vs $159.7M），IPG PHOTONICS CORP净利率更高（4.8% vs -7.5%，领先12.4%），IPG PHOTONICS CORP自由现金流更多（$10.9M vs $146.0K）
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。
IPG光电是全球领先的光纤激光器制造商，率先实现光纤激光器的技术研发与商业化落地，产品广泛应用于材料加工、医疗、电信等多元领域，在美国、德国、俄罗斯、意大利均设有生产基地，为全球各行业客户提供高性能的激光解决方案。
AFRI vs IPGP — 直观对比
营收规模更大
IPGP
是对方的1.7倍
$159.7M
净利率更高
IPGP
高出12.4%
-7.5%
自由现金流更多
IPGP
多$10.8M
$146.0K
损益表 — Q2 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $159.7M | $274.5M |
| 净利润 | $-12.0M | $13.3M |
| 毛利率 | 10.7% | 36.1% |
| 营业利润率 | -2.5% | 1.2% |
| 净利率 | -7.5% | 4.8% |
| 营收同比 | — | 17.1% |
| 净利润同比 | — | 69.8% |
| 每股收益（稀释后） | — | $0.30 |
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AFRIIPGP
| Q4 25 | — | $274.5M | ||
| Q3 25 | — | $250.8M | ||
| Q2 25 | $159.7M | $250.7M | ||
| Q1 25 | — | $227.8M | ||
| Q4 24 | — | $234.3M | ||
| Q3 24 | — | $233.1M | ||
| Q2 24 | $145.6M | $257.6M | ||
| Q1 24 | — | $252.0M |
净利润AFRIIPGP
| Q4 25 | — | $13.3M | ||
| Q3 25 | — | $7.5M | ||
| Q2 25 | $-12.0M | $6.6M | ||
| Q1 25 | — | $3.8M | ||
| Q4 24 | — | $7.8M | ||
| Q3 24 | — | $-233.6M | ||
| Q2 24 | $-8.6M | $20.2M | ||
| Q1 24 | — | $24.1M |
毛利率AFRIIPGP
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | 10.7% | 37.3% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 38.6% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | 9.4% | 37.3% | ||
| Q1 24 | — | 38.7% |
营业利润率AFRIIPGP
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | -2.5% | 0.0% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 6.0% | ||
| Q3 24 | — | -108.7% | ||
| Q2 24 | -0.9% | 4.7% | ||
| Q1 24 | — | 7.6% |
净利率AFRIIPGP
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | -7.5% | 2.6% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | -100.2% | ||
| Q2 24 | -5.9% | 7.8% | ||
| Q1 24 | — | 9.6% |
每股收益（稀释后）AFRIIPGP
| Q4 25 | — | $0.30 | ||
| Q3 25 | — | $0.18 | ||
| Q2 25 | — | $0.16 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | — | $0.27 | ||
| Q3 24 | — | $-5.33 | ||
| Q2 24 | — | $0.45 | ||
| Q1 24 | — | $0.52 |
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 | $839.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.3M | $2.1B |
| 总资产 | $246.1M | $2.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AFRIIPGP
| Q4 25 | — | $839.3M | ||
| Q3 25 | — | $870.4M | ||
| Q2 25 | $12.2M | $899.6M | ||
| Q1 25 | — | $926.9M | ||
| Q4 24 | — | $930.2M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | $16.4M | $1.1B | ||
| Q1 24 | — | $1.1B |
总债务AFRIIPGP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $18.4M | — | ||
| Q1 24 | — | — |
股东权益AFRIIPGP
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $5.3M | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | $16.3M | $2.3B | ||
| Q1 24 | — | $2.3B |
总资产AFRIIPGP
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | $246.1M | $2.4B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | $287.1M | $2.5B | ||
| Q1 24 | — | $2.6B |
负债/权益比AFRIIPGP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.13× | — | ||
| Q1 24 | — | — |
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 | $28.8M |
| 自由现金流经营现金流 - 资本支出 | $146.0K | $10.9M |
| 自由现金流率自由现金流/营收 | 0.1% | 4.0% |
| 资本支出强度资本支出/营收 | 0.4% | 6.5% |
| 现金转化率经营现金流/净利润 | — | 2.17× |
| 过去12个月自由现金流最近4个季度 | — | $-3.5M |
8季度趋势，按日历期对齐
经营现金流AFRIIPGP
| Q4 25 | — | $28.8M | ||
| Q3 25 | — | $35.3M | ||
| Q2 25 | $706.0K | $-2.2M | ||
| Q1 25 | — | $13.4M | ||
| Q4 24 | — | $73.8M | ||
| Q3 24 | — | $66.1M | ||
| Q2 24 | $10.5M | $53.5M | ||
| Q1 24 | — | $54.6M |
自由现金流AFRIIPGP
| Q4 25 | — | $10.9M | ||
| Q3 25 | — | $14.6M | ||
| Q2 25 | $146.0K | $-17.6M | ||
| Q1 25 | — | $-11.4M | ||
| Q4 24 | — | $50.6M | ||
| Q3 24 | — | $43.0M | ||
| Q2 24 | $6.4M | $29.2M | ||
| Q1 24 | — | $26.5M |
自由现金流率AFRIIPGP
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | 0.1% | -7.0% | ||
| Q1 25 | — | -5.0% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | 4.4% | 11.3% | ||
| Q1 24 | — | 10.5% |
资本支出强度AFRIIPGP
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | 0.4% | 6.1% | ||
| Q1 25 | — | 10.9% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | 2.8% | 9.4% | ||
| Q1 24 | — | 11.1% |
现金转化率AFRIIPGP
| Q4 25 | — | 2.17× | ||
| Q3 25 | — | 4.73× | ||
| Q2 25 | — | -0.34× | ||
| Q1 25 | — | 3.58× | ||
| Q4 24 | — | 9.44× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.65× | ||
| Q1 24 | — | 2.27× |
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% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
