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Side-by-side financial comparison of Affinity Bancshares, Inc. (AFBI) and SHOULDER INNOVATIONS, INC. (SI). Click either name above to swap in a different company.

SHOULDER INNOVATIONS, INC. is the larger business by last-quarter revenue ($11.8M vs $8.6M, roughly 1.4× Affinity Bancshares, Inc.). Affinity Bancshares, Inc. runs the higher net margin — 24.9% vs -74.3%, a 99.1% gap on every dollar of revenue. Affinity Bancshares, Inc. produced more free cash flow last quarter ($11.2M vs $-11.4M).

Shoulder Innovations, Inc. is a medical technology firm specializing in design, development, and commercialization of innovative orthopedic devices for shoulder replacement surgery. Its products reduce surgical complications, improve patient outcomes, and are sold to orthopedic surgeons and healthcare providers across North America and Western Europe.

AFBI vs SI — Head-to-Head

Bigger by revenue
SI
SI
1.4× larger
SI
$11.8M
$8.6M
AFBI
Higher net margin
AFBI
AFBI
99.1% more per $
AFBI
24.9%
-74.3%
SI
More free cash flow
AFBI
AFBI
$22.6M more FCF
AFBI
$11.2M
$-11.4M
SI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AFBI
AFBI
SI
SI
Revenue
$8.6M
$11.8M
Net Profit
$2.1M
$-8.7M
Gross Margin
76.2%
Operating Margin
35.9%
-65.0%
Net Margin
24.9%
-74.3%
Revenue YoY
12.8%
Net Profit YoY
58.5%
EPS (diluted)
$0.34
$-0.64

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
AFBI
AFBI
SI
SI
Q4 25
$8.6M
Q3 25
$8.4M
$11.8M
Q2 25
$8.3M
$11.0M
Q1 25
$7.8M
Q4 24
$7.6M
Q3 24
$8.0M
Q2 24
$8.3M
Q1 24
$7.3M
Net Profit
AFBI
AFBI
SI
SI
Q4 25
$2.1M
Q3 25
$2.2M
$-8.7M
Q2 25
$2.2M
$-19.2M
Q1 25
$1.8M
Q4 24
$1.3M
Q3 24
$1.7M
Q2 24
$1.0M
Q1 24
$1.3M
Gross Margin
AFBI
AFBI
SI
SI
Q4 25
Q3 25
76.2%
Q2 25
76.2%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
AFBI
AFBI
SI
SI
Q4 25
35.9%
Q3 25
34.9%
-65.0%
Q2 25
34.1%
-53.2%
Q1 25
30.8%
Q4 24
21.1%
Q3 24
28.5%
Q2 24
16.2%
Q1 24
24.0%
Net Margin
AFBI
AFBI
SI
SI
Q4 25
24.9%
Q3 25
26.5%
-74.3%
Q2 25
25.9%
-174.3%
Q1 25
23.4%
Q4 24
17.7%
Q3 24
21.7%
Q2 24
12.5%
Q1 24
18.2%
EPS (diluted)
AFBI
AFBI
SI
SI
Q4 25
$0.34
Q3 25
$0.34
$-0.64
Q2 25
$0.33
$-165.53
Q1 25
$0.28
Q4 24
$0.21
Q3 24
$0.26
Q2 24
$0.16
Q1 24
$0.20

Balance Sheet & Financial Strength

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

Metric
AFBI
AFBI
SI
SI
Cash + ST InvestmentsLiquidity on hand
$53.9M
$54.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$127.0M
$147.8M
Total Assets
$881.7M
$177.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFBI
AFBI
SI
SI
Q4 25
$53.9M
Q3 25
$84.8M
$54.9M
Q2 25
$89.7M
$27.1M
Q1 25
$74.7M
Q4 24
$41.4M
Q3 24
$52.3M
Q2 24
$50.4M
Q1 24
$61.4M
Stockholders' Equity
AFBI
AFBI
SI
SI
Q4 25
$127.0M
Q3 25
$125.4M
$147.8M
Q2 25
$124.1M
$-78.2M
Q1 25
$122.3M
Q4 24
$129.1M
Q3 24
$128.4M
Q2 24
$125.1M
Q1 24
$123.3M
Total Assets
AFBI
AFBI
SI
SI
Q4 25
$881.7M
Q3 25
$925.2M
$177.8M
Q2 25
$933.8M
$77.8M
Q1 25
$912.5M
Q4 24
$866.8M
Q3 24
$878.6M
Q2 24
$873.6M
Q1 24
$869.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AFBI
AFBI
SI
SI
Operating Cash FlowLast quarter
$11.6M
$-8.6M
Free Cash FlowOCF − Capex
$11.2M
$-11.4M
FCF MarginFCF / Revenue
130.9%
-96.7%
Capex IntensityCapex / Revenue
4.9%
23.9%
Cash ConversionOCF / Net Profit
5.46×
TTM Free Cash FlowTrailing 4 quarters
$20.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFBI
AFBI
SI
SI
Q4 25
$11.6M
Q3 25
$3.7M
$-8.6M
Q2 25
$3.8M
$-11.3M
Q1 25
$1.9M
Q4 24
$6.8M
Q3 24
$4.1M
Q2 24
$619.0K
Q1 24
$1.2M
Free Cash Flow
AFBI
AFBI
SI
SI
Q4 25
$11.2M
Q3 25
$3.6M
$-11.4M
Q2 25
$3.7M
$-13.6M
Q1 25
$1.8M
Q4 24
$6.4M
Q3 24
$4.0M
Q2 24
$489.0K
Q1 24
$1.1M
FCF Margin
AFBI
AFBI
SI
SI
Q4 25
130.9%
Q3 25
43.3%
-96.7%
Q2 25
44.0%
-123.4%
Q1 25
22.7%
Q4 24
83.9%
Q3 24
49.5%
Q2 24
5.9%
Q1 24
14.8%
Capex Intensity
AFBI
AFBI
SI
SI
Q4 25
4.9%
Q3 25
0.8%
23.9%
Q2 25
1.4%
21.0%
Q1 25
1.9%
Q4 24
5.6%
Q3 24
1.7%
Q2 24
1.6%
Q1 24
1.8%
Cash Conversion
AFBI
AFBI
SI
SI
Q4 25
5.46×
Q3 25
1.66×
Q2 25
1.75×
Q1 25
1.05×
Q4 24
5.05×
Q3 24
2.36×
Q2 24
0.60×
Q1 24
0.91×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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