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Forafric Global PLC（AFRI）与Vericel Corp（VCEL）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Vericel Corp的1.7倍（$159.7M vs $92.9M），Vericel Corp净利率更高（25.0% vs -7.5%，领先32.6%），Vericel Corp自由现金流更多（$12.8M 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。
Vericel Corp是一家美国上市生物制药企业，前身为1989年在密歇根州安娜堡成立的Aastrom Bio，2014年10月正式更为现名，专注于生物制药相关领域的研发与商业化运营。
AFRI vs VCEL — 直观对比
营收规模更大
AFRI
是对方的1.7倍
$92.9M
净利率更高
VCEL
高出32.6%
-7.5%
自由现金流更多
VCEL
多$12.7M
$146.0K
损益表 — Q2 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $159.7M | $92.9M |
| 净利润 | $-12.0M | $23.2M |
| 毛利率 | 10.7% | 78.7% |
| 营业利润率 | -2.5% | 24.1% |
| 净利率 | -7.5% | 25.0% |
| 营收同比 | — | 23.3% |
| 净利润同比 | — | 17.3% |
| 每股收益（稀释后） | — | $0.46 |
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AFRIVCEL
| Q4 25 | — | $92.9M | ||
| Q3 25 | — | $67.5M | ||
| Q2 25 | $159.7M | $63.2M | ||
| Q1 25 | — | $52.6M | ||
| Q4 24 | — | $75.4M | ||
| Q3 24 | — | $57.9M | ||
| Q2 24 | $145.6M | $52.7M | ||
| Q1 24 | — | $51.3M |
净利润AFRIVCEL
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $5.1M | ||
| Q2 25 | $-12.0M | $-553.0K | ||
| Q1 25 | — | $-11.2M | ||
| Q4 24 | — | $19.8M | ||
| Q3 24 | — | $-901.0K | ||
| Q2 24 | $-8.6M | $-4.7M | ||
| Q1 24 | — | $-3.9M |
毛利率AFRIVCEL
| Q4 25 | — | 78.7% | ||
| Q3 25 | — | 73.5% | ||
| Q2 25 | 10.7% | 73.7% | ||
| Q1 25 | — | 69.0% | ||
| Q4 24 | — | 77.6% | ||
| Q3 24 | — | 71.9% | ||
| Q2 24 | 9.4% | 69.5% | ||
| Q1 24 | — | 68.9% |
营业利润率AFRIVCEL
| Q4 25 | — | 24.1% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | -2.5% | -3.2% | ||
| Q1 25 | — | -24.3% | ||
| Q4 24 | — | 24.5% | ||
| Q3 24 | — | -4.3% | ||
| Q2 24 | -0.9% | -11.5% | ||
| Q1 24 | — | -10.7% |
净利率AFRIVCEL
| Q4 25 | — | 25.0% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | -7.5% | -0.9% | ||
| Q1 25 | — | -21.4% | ||
| Q4 24 | — | 26.3% | ||
| Q3 24 | — | -1.6% | ||
| Q2 24 | -5.9% | -8.9% | ||
| Q1 24 | — | -7.5% |
每股收益（稀释后）AFRIVCEL
| Q4 25 | — | $0.46 | ||
| Q3 25 | — | $0.10 | ||
| Q2 25 | — | $-0.01 | ||
| Q1 25 | — | $-0.23 | ||
| Q4 24 | — | $0.40 | ||
| Q3 24 | — | $-0.02 | ||
| Q2 24 | — | $-0.10 | ||
| 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 | $137.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.3M | $354.6M |
| 总资产 | $246.1M | $488.0M |
| 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AFRIVCEL
| Q4 25 | — | $137.5M | ||
| Q3 25 | — | $135.4M | ||
| Q2 25 | $12.2M | $116.9M | ||
| Q1 25 | — | $112.9M | ||
| Q4 24 | — | $116.2M | ||
| Q3 24 | — | $101.7M | ||
| Q2 24 | $16.4M | $102.5M | ||
| Q1 24 | — | $110.6M |
总债务AFRIVCEL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $18.4M | — | ||
| Q1 24 | — | — |
股东权益AFRIVCEL
| Q4 25 | — | $354.6M | ||
| Q3 25 | — | $321.9M | ||
| Q2 25 | $5.3M | $306.8M | ||
| Q1 25 | — | $295.5M | ||
| Q4 24 | — | $292.0M | ||
| Q3 24 | — | $257.5M | ||
| Q2 24 | $16.3M | $243.0M | ||
| Q1 24 | — | $233.9M |
总资产AFRIVCEL
| Q4 25 | — | $488.0M | ||
| Q3 25 | — | $453.3M | ||
| Q2 25 | $246.1M | $435.6M | ||
| Q1 25 | — | $424.6M | ||
| Q4 24 | — | $432.7M | ||
| Q3 24 | — | $390.4M | ||
| Q2 24 | $287.1M | $376.8M | ||
| Q1 24 | — | $356.7M |
负债/权益比AFRIVCEL
| 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 | $15.0M |
| 自由现金流经营现金流 - 资本支出 | $146.0K | $12.8M |
| 自由现金流率自由现金流/营收 | 0.1% | 13.8% |
| 资本支出强度资本支出/营收 | 0.4% | 2.4% |
| 现金转化率经营现金流/净利润 | — | 0.65× |
| 过去12个月自由现金流最近4个季度 | — | $24.7M |
8季度趋势，按日历期对齐
经营现金流AFRIVCEL
| Q4 25 | — | $15.0M | ||
| Q3 25 | — | $22.1M | ||
| Q2 25 | $706.0K | $8.2M | ||
| Q1 25 | — | $6.6M | ||
| Q4 24 | — | $22.2M | ||
| Q3 24 | — | $10.2M | ||
| Q2 24 | $10.5M | $18.5M | ||
| Q1 24 | — | $7.2M |
自由现金流AFRIVCEL
| Q4 25 | — | $12.8M | ||
| Q3 25 | — | $19.5M | ||
| Q2 25 | $146.0K | $81.0K | ||
| Q1 25 | — | $-7.6M | ||
| Q4 24 | — | $8.5M | ||
| Q3 24 | — | $-9.2M | ||
| Q2 24 | $6.4M | $1.8M | ||
| Q1 24 | — | $-6.8M |
自由现金流率AFRIVCEL
| Q4 25 | — | 13.8% | ||
| Q3 25 | — | 28.8% | ||
| Q2 25 | 0.1% | 0.1% | ||
| Q1 25 | — | -14.5% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | -15.9% | ||
| Q2 24 | 4.4% | 3.4% | ||
| Q1 24 | — | -13.3% |
资本支出强度AFRIVCEL
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | 0.4% | 12.9% | ||
| Q1 25 | — | 27.0% | ||
| Q4 24 | — | 18.3% | ||
| Q3 24 | — | 33.5% | ||
| Q2 24 | 2.8% | 31.8% | ||
| Q1 24 | — | 27.3% |
现金转化率AFRIVCEL
| Q4 25 | — | 0.65× | ||
| Q3 25 | — | 4.35× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
VCEL
| MACI Implants And Kits | $84.1M | 90% |
| Other | $8.8M | 10% |
