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Forafric Global vs Freshpet: revenue, profit, margins and growth compared

Forafric Global brought in $176.5M of revenue in fiscal 2025, Freshpet $1.1B in fiscal 2025. Revenue changed by -35.6% at Forafric Global and +13.0% at Freshpet on the year before, so Freshpet grew faster. Forafric Global kept -8.4% of its revenue as net profit, Freshpet 12.6%. Free cash flow was -$161K at Forafric Global and $12.4M at Freshpet.

Side by side, latest fiscal year

AFRIFRPT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$176.5M$1.1B
Revenue growth-35.6%+13.0%
Net income-$14.9M$139.1M
Net margin-8.4%12.6%
Free cash flow-$161K$12.4M
Free cash flow margin-0.1%1.1%
Earnings per share (diluted)n/a$2.64
Cash$14.3M$278M
Debt$26.4Mn/a
Price to earningsn/a21.9
Market value$295.8M$2.8B
Dividend yieldn/an/a
Rank by revenue in sector#77 of 93 · Consumer staples#62 of 93 · Consumer staples

Over the years

Revenue
AFRI FY2020: $196.6MAFRI FY2022: $261.7MAFRI FY2022: $283.9MAFRI FY2023: $302MAFRI FY2024: $274.2MAFRI FY2025: $176.5MFRPT FY2018: $193.2MFRPT FY2019: $245.9MFRPT FY2020: $318.8MFRPT FY2021: $425.5MFRPT FY2022: $595.3MFRPT FY2023: $766.9MFRPT FY2024: $975.2MFRPT FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
AFRI $176.5MFRPT $1.1B
Net income
AFRI FY2020: -$110KAFRI FY2022: -$8MAFRI FY2022: -$19.1MAFRI FY2023: -$12.7MAFRI FY2024: -$24.3MAFRI FY2025: -$14.9MFRPT FY2018: -$5.4MFRPT FY2019: -$1.4MFRPT FY2020: -$3.2MFRPT FY2021: -$29.7MFRPT FY2022: -$59.5MFRPT FY2023: -$33.6MFRPT FY2024: $46.9MFRPT FY2025: $139.1MFY18FY19FY20FY21FY22FY23FY24FY25
AFRI -$14.9MFRPT $139.1M
Net margin
AFRI FY2020: -0.1%AFRI FY2022: -3.1%AFRI FY2022: -6.7%AFRI FY2023: -4.2%AFRI FY2024: -8.9%AFRI FY2025: -8.4%FRPT FY2018: -2.8%FRPT FY2019: -0.6%FRPT FY2020: -1.0%FRPT FY2021: -7.0%FRPT FY2022: -10.0%FRPT FY2023: -4.4%FRPT FY2024: 4.8%FRPT FY2025: 12.6%FY18FY19FY20FY21FY22FY23FY24FY25
AFRI -8.4%FRPT 12.6%
Revenue growth
AFRI FY2022: +33.1%AFRI FY2022: +8.5%AFRI FY2023: +6.3%AFRI FY2024: -9.2%AFRI FY2025: -35.6%FRPT FY2019: +27.2%FRPT FY2020: +29.7%FRPT FY2021: +33.5%FRPT FY2022: +39.9%FRPT FY2023: +28.8%FRPT FY2024: +27.2%FRPT FY2025: +13.0%FY19FY20FY21FY22FY23FY24FY25
AFRI -35.6%FRPT +13.0%
Free cash flow
AFRI FY2020: -$12.1MAFRI FY2022: -$30.9MAFRI FY2022: -$62MAFRI FY2023: $23.8MAFRI FY2024: $21.7MAFRI FY2025: -$161KFRPT FY2018: $2.3MFRPT FY2019: -$54.3MFRPT FY2020: -$113.4MFRPT FY2021: -$321.5MFRPT FY2022: -$273.3MFRPT FY2023: -$163.2MFRPT FY2024: -$32.8MFRPT FY2025: $12.4MFY18FY19FY20FY21FY22FY23FY24FY25
AFRI -$161KFRPT $12.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Forafric Global and Freshpet

Which is bigger by revenue, Forafric Global or Freshpet?

Freshpet is bigger by revenue: $1.1B in fiscal 2025, against $176.5M for Forafric Global in fiscal 2025.

Which keeps more of its revenue as profit, Forafric Global or Freshpet?

Forafric Global had a net margin of -8.4% in fiscal 2025; Freshpet had 12.6% in fiscal 2025.

Which grew revenue faster, Forafric Global or Freshpet?

In their latest fiscal years revenue changed by -35.6% at Forafric Global and +13.0% at Freshpet.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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