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Side-by-side financial comparison of Affirm Holdings, Inc. (AFRM) and ALBANY INTERNATIONAL CORP (AIN). Click either name above to swap in a different company.
Affirm Holdings, Inc. is the larger business by last-quarter revenue ($401.4M vs $321.2M, roughly 1.2× ALBANY INTERNATIONAL CORP). Affirm Holdings, Inc. runs the higher net margin — 32.3% vs 4.3%, a 28.0% gap on every dollar of revenue. On growth, Affirm Holdings, Inc. posted the faster year-over-year revenue change (32.5% vs 12.0%). Affirm Holdings, Inc. produced more free cash flow last quarter ($118.0M vs $51.4M). Over the past eight quarters, Affirm Holdings, Inc.'s revenue compounded faster (43.5% CAGR vs 1.2%).
Affirm Holdings, Inc. is an American financial technology company and a point-of-sale lender. Founded in 2012 by PayPal co-founder Max Levchin, it is the largest U.S. based buy now, pay later (BNPL) financier. As of 2025, Affirm reports nearly 26 million users and processing $37 billion in annual payments.
Albany International Corp is a global advanced materials and industrial technology company. It operates two core segments: Machine Clothing producing custom engineered fabrics for paper and other industrial manufacturing processes, and Engineered Composites developing high-performance composite components primarily for the aerospace and defense sectors, serving customers across North America, Europe, Asia and other global regions.
AFRM vs AIN — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $401.4M | $321.2M |
| Net Profit | $129.6M | $13.9M |
| Gross Margin | — | 31.1% |
| Operating Margin | 29.3% | 9.3% |
| Net Margin | 32.3% | 4.3% |
| Revenue YoY | 32.5% | 12.0% |
| Net Profit YoY | 61.3% | -21.5% |
| EPS (diluted) | $0.37 | $0.56 |
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.
| Q4 25 | $401.4M | $321.2M | ||
| Q3 25 | $320.5M | $261.4M | ||
| Q2 25 | $306.6M | $311.4M | ||
| Q1 25 | $272.5M | $288.8M | ||
| Q4 24 | $303.0M | $286.9M | ||
| Q3 24 | $231.8M | $298.4M | ||
| Q2 24 | $224.0M | $332.0M | ||
| Q1 24 | $195.0M | $313.3M |
| Q4 25 | $129.6M | $13.9M | ||
| Q3 25 | $80.7M | $-97.8M | ||
| Q2 25 | $69.2M | $9.2M | ||
| Q1 25 | $2.8M | $17.4M | ||
| Q4 24 | $80.4M | $17.7M | ||
| Q3 24 | $-100.2M | $18.0M | ||
| Q2 24 | $-45.1M | $24.6M | ||
| Q1 24 | $-133.9M | $27.3M |
| Q4 25 | — | 31.1% | ||
| Q3 25 | — | -19.1% | ||
| Q2 25 | — | 31.3% | ||
| Q1 25 | — | 33.4% | ||
| Q4 24 | — | 31.5% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | — | 33.9% | ||
| Q1 24 | — | 34.7% |
| Q4 25 | 29.3% | 9.3% | ||
| Q3 25 | 19.9% | -44.6% | ||
| Q2 25 | 18.9% | 7.2% | ||
| Q1 25 | -3.1% | 9.8% | ||
| Q4 24 | -1.4% | 8.5% | ||
| Q3 24 | -57.2% | 8.4% | ||
| Q2 24 | -32.8% | 12.9% | ||
| Q1 24 | -82.5% | 12.4% |
| Q4 25 | 32.3% | 4.3% | ||
| Q3 25 | 25.2% | -37.4% | ||
| Q2 25 | 22.6% | 2.9% | ||
| Q1 25 | 1.0% | 6.0% | ||
| Q4 24 | 26.5% | 6.2% | ||
| Q3 24 | -43.2% | 6.0% | ||
| Q2 24 | -20.2% | 7.4% | ||
| Q1 24 | -68.7% | 8.7% |
| Q4 25 | $0.37 | $0.56 | ||
| Q3 25 | $0.23 | $-3.37 | ||
| Q2 25 | $0.22 | $0.31 | ||
| Q1 25 | $0.01 | $0.56 | ||
| Q4 24 | $0.23 | $0.57 | ||
| Q3 24 | $-0.31 | $0.57 | ||
| Q2 24 | $-0.13 | $0.79 | ||
| Q1 24 | $-0.43 | $0.87 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.5B | $112.3M |
| Total DebtLower is stronger | $9.0B | $455.7M |
| Stockholders' EquityBook value | $3.5B | $726.2M |
| Total Assets | $13.0B | $1.7B |
| Debt / EquityLower = less leverage | 2.54× | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $112.3M | ||
| Q3 25 | $1.4B | $108.3M | ||
| Q2 25 | $1.4B | $106.7M | ||
| Q1 25 | $1.4B | $119.4M | ||
| Q4 24 | $1.2B | $115.3M | ||
| Q3 24 | $1.0B | $127.2M | ||
| Q2 24 | $1.0B | $116.4M | ||
| Q1 24 | $1.3B | $125.4M |
| Q4 25 | $9.0B | $455.7M | ||
| Q3 25 | $7.7B | $480.6M | ||
| Q2 25 | $7.6B | $444.7M | ||
| Q1 25 | $7.1B | $416.4M | ||
| Q4 24 | $7.3B | $318.5M | ||
| Q3 24 | — | $362.2M | ||
| Q2 24 | $1.8B | $377.1M | ||
| Q1 24 | — | $439.1M |
| Q4 25 | $3.5B | $726.2M | ||
| Q3 25 | $3.3B | $739.3M | ||
| Q2 25 | $3.1B | $888.6M | ||
| Q1 25 | $2.9B | $900.0M | ||
| Q4 24 | $2.8B | $943.5M | ||
| Q3 24 | $2.8B | $991.0M | ||
| Q2 24 | $2.7B | $967.5M | ||
| Q1 24 | $2.6B | $967.5M |
| Q4 25 | $13.0B | $1.7B | ||
| Q3 25 | $11.5B | $1.7B | ||
| Q2 25 | $11.2B | $1.7B | ||
| Q1 25 | $10.4B | $1.7B | ||
| Q4 24 | $10.5B | $1.6B | ||
| Q3 24 | $10.1B | $1.8B | ||
| Q2 24 | $9.5B | $1.8B | ||
| Q1 24 | $9.2B | $1.8B |
| Q4 25 | 2.54× | 0.63× | ||
| Q3 25 | 2.35× | 0.65× | ||
| Q2 25 | 2.48× | 0.50× | ||
| Q1 25 | 2.49× | 0.46× | ||
| Q4 24 | 2.62× | 0.34× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | 0.67× | 0.39× | ||
| Q1 24 | — | 0.45× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $173.7M | $73.7M |
| Free Cash FlowOCF − Capex | $118.0M | $51.4M |
| FCF MarginFCF / Revenue | 29.4% | 16.0% |
| Capex IntensityCapex / Revenue | 13.9% | 6.9% |
| Cash ConversionOCF / Net Profit | 1.34× | 5.31× |
| TTM Free Cash FlowTrailing 4 quarters | $619.1M | $82.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.7M | $73.7M | ||
| Q3 25 | $374.6M | $43.9M | ||
| Q2 25 | $74.6M | $32.7M | ||
| Q1 25 | $210.4M | $2.1M | ||
| Q4 24 | $312.0M | $78.5M | ||
| Q3 24 | $196.9M | $47.0M | ||
| Q2 24 | $68.8M | $83.4M | ||
| Q1 24 | $208.2M | $9.6M |
| Q4 25 | $118.0M | $51.4M | ||
| Q3 25 | $320.2M | $25.9M | ||
| Q2 25 | $23.5M | $18.8M | ||
| Q1 25 | $157.4M | $-13.5M | ||
| Q4 24 | $268.1M | $60.2M | ||
| Q3 24 | $152.7M | $31.6M | ||
| Q2 24 | $30.5M | $63.6M | ||
| Q1 24 | $161.7M | $-17.3M |
| Q4 25 | 29.4% | 16.0% | ||
| Q3 25 | 99.9% | 9.9% | ||
| Q2 25 | 7.7% | 6.0% | ||
| Q1 25 | 57.7% | -4.7% | ||
| Q4 24 | 88.5% | 21.0% | ||
| Q3 24 | 65.9% | 10.6% | ||
| Q2 24 | 13.6% | 19.2% | ||
| Q1 24 | 82.9% | -5.5% |
| Q4 25 | 13.9% | 6.9% | ||
| Q3 25 | 17.0% | 6.9% | ||
| Q2 25 | 16.7% | 4.5% | ||
| Q1 25 | 19.5% | 5.4% | ||
| Q4 24 | 14.5% | 6.4% | ||
| Q3 24 | 19.0% | 5.2% | ||
| Q2 24 | 17.1% | 6.0% | ||
| Q1 24 | 23.8% | 8.6% |
| Q4 25 | 1.34× | 5.31× | ||
| Q3 25 | 4.64× | — | ||
| Q2 25 | 1.08× | 3.56× | ||
| Q1 25 | 75.03× | 0.12× | ||
| Q4 24 | 3.88× | 4.44× | ||
| Q3 24 | — | 2.61× | ||
| Q2 24 | — | 3.39× | ||
| Q1 24 | — | 0.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AFRM
| Merchant Network | $328.4M | 82% |
| Virtual Card Network | $73.0M | 18% |
| Commercial Agreement Amazon | $1.9M | 0% |
AIN
| Transferred At Point In Time | $176.5M | 55% |
| Engineered Composites Other | $99.3M | 31% |
| Engineered Composites ASC | $44.5M | 14% |
| Transferred Over Time | $1.0M | 0% |
