vs
Side-by-side financial comparison of Affirm Holdings, Inc. (AFRM) and Atmus Filtration Technologies Inc. (ATMU). Click either name above to swap in a different company.
Atmus Filtration Technologies Inc. is the larger business by last-quarter revenue ($446.6M vs $401.4M, roughly 1.1× Affirm Holdings, Inc.). Affirm Holdings, Inc. runs the higher net margin — 32.3% vs 10.7%, a 21.5% gap on every dollar of revenue. On growth, Affirm Holdings, Inc. posted the faster year-over-year revenue change (32.5% vs 9.8%). Affirm Holdings, Inc. produced more free cash flow last quarter ($118.0M vs $31.2M). Over the past eight quarters, Affirm Holdings, Inc.'s revenue compounded faster (43.5% CAGR vs 2.3%).
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.
Atmus Filtration Technologies Inc. designs, manufactures and distributes high-performance filtration products and tailored solutions. Its portfolio covers air, fuel, oil and hydraulic filtration systems, serving global automotive, heavy-duty vehicle, industrial equipment and aerospace end markets, for both original equipment manufacturers and aftermarket replacement customers.
AFRM vs ATMU — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $401.4M | $446.6M |
| Net Profit | $129.6M | $48.0M |
| Gross Margin | — | 28.5% |
| Operating Margin | 29.3% | 15.8% |
| Net Margin | 32.3% | 10.7% |
| Revenue YoY | 32.5% | 9.8% |
| Net Profit YoY | 61.3% | 19.7% |
| EPS (diluted) | $0.37 | $0.58 |
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 | $446.6M | ||
| Q3 25 | $320.5M | $447.7M | ||
| Q2 25 | $306.6M | $453.5M | ||
| Q1 25 | $272.5M | $416.5M | ||
| Q4 24 | $303.0M | $406.7M | ||
| Q3 24 | $231.8M | $403.7M | ||
| Q2 24 | $224.0M | $432.6M | ||
| Q1 24 | $195.0M | $426.6M |
| Q4 25 | $129.6M | $48.0M | ||
| Q3 25 | $80.7M | $54.8M | ||
| Q2 25 | $69.2M | $59.9M | ||
| Q1 25 | $2.8M | $44.7M | ||
| Q4 24 | $80.4M | $40.1M | ||
| Q3 24 | $-100.2M | $43.8M | ||
| Q2 24 | $-45.1M | $56.2M | ||
| Q1 24 | $-133.9M | $45.5M |
| Q4 25 | — | 28.5% | ||
| Q3 25 | — | 28.9% | ||
| Q2 25 | — | 28.9% | ||
| Q1 25 | — | 26.5% | ||
| Q4 24 | — | 26.3% | ||
| Q3 24 | — | 27.6% | ||
| Q2 24 | — | 30.5% | ||
| Q1 24 | — | 26.2% |
| Q4 25 | 29.3% | 15.8% | ||
| Q3 25 | 19.9% | 18.3% | ||
| Q2 25 | 18.9% | 18.0% | ||
| Q1 25 | -3.1% | 15.6% | ||
| Q4 24 | -1.4% | 13.4% | ||
| Q3 24 | -57.2% | 15.7% | ||
| Q2 24 | -32.8% | 18.4% | ||
| Q1 24 | -82.5% | 16.1% |
| Q4 25 | 32.3% | 10.7% | ||
| Q3 25 | 25.2% | 12.2% | ||
| Q2 25 | 22.6% | 13.2% | ||
| Q1 25 | 1.0% | 10.7% | ||
| Q4 24 | 26.5% | 9.9% | ||
| Q3 24 | -43.2% | 10.8% | ||
| Q2 24 | -20.2% | 13.0% | ||
| Q1 24 | -68.7% | 10.7% |
| Q4 25 | $0.37 | $0.58 | ||
| Q3 25 | $0.23 | $0.66 | ||
| Q2 25 | $0.22 | $0.72 | ||
| Q1 25 | $0.01 | $0.54 | ||
| Q4 24 | $0.23 | $0.49 | ||
| Q3 24 | $-0.31 | $0.52 | ||
| Q2 24 | $-0.13 | $0.67 | ||
| Q1 24 | $-0.43 | $0.54 |
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 | $236.4M |
| Total DebtLower is stronger | $9.0B | $570.0M |
| Stockholders' EquityBook value | $3.5B | $378.5M |
| Total Assets | $13.0B | $1.4B |
| Debt / EquityLower = less leverage | 2.54× | 1.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $236.4M | ||
| Q3 25 | $1.4B | $218.3M | ||
| Q2 25 | $1.4B | $190.8M | ||
| Q1 25 | $1.4B | $183.3M | ||
| Q4 24 | $1.2B | $184.3M | ||
| Q3 24 | $1.0B | $196.8M | ||
| Q2 24 | $1.0B | $160.5M | ||
| Q1 24 | $1.3B | $149.2M |
| Q4 25 | $9.0B | $570.0M | ||
| Q3 25 | $7.7B | $577.5M | ||
| Q2 25 | $7.6B | $585.0M | ||
| Q1 25 | $7.1B | $588.8M | ||
| Q4 24 | $7.3B | $592.5M | ||
| Q3 24 | — | $596.2M | ||
| Q2 24 | $1.8B | $600.0M | ||
| Q1 24 | — | $600.0M |
| Q4 25 | $3.5B | $378.5M | ||
| Q3 25 | $3.3B | $336.7M | ||
| Q2 25 | $3.1B | $316.3M | ||
| Q1 25 | $2.9B | $265.3M | ||
| Q4 24 | $2.8B | $227.4M | ||
| Q3 24 | $2.8B | $221.2M | ||
| Q2 24 | $2.7B | $178.1M | ||
| Q1 24 | $2.6B | $121.8M |
| Q4 25 | $13.0B | $1.4B | ||
| Q3 25 | $11.5B | $1.3B | ||
| Q2 25 | $11.2B | $1.3B | ||
| Q1 25 | $10.4B | $1.2B | ||
| Q4 24 | $10.5B | $1.2B | ||
| Q3 24 | $10.1B | $1.2B | ||
| Q2 24 | $9.5B | $1.2B | ||
| Q1 24 | $9.2B | $1.1B |
| Q4 25 | 2.54× | 1.51× | ||
| Q3 25 | 2.35× | 1.72× | ||
| Q2 25 | 2.48× | 1.85× | ||
| Q1 25 | 2.49× | 2.22× | ||
| Q4 24 | 2.62× | 2.61× | ||
| Q3 24 | — | 2.70× | ||
| Q2 24 | 0.67× | 3.37× | ||
| Q1 24 | — | 4.93× |
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 | $47.5M |
| Free Cash FlowOCF − Capex | $118.0M | $31.2M |
| FCF MarginFCF / Revenue | 29.4% | 7.0% |
| Capex IntensityCapex / Revenue | 13.9% | 3.6% |
| Cash ConversionOCF / Net Profit | 1.34× | 0.99× |
| TTM Free Cash FlowTrailing 4 quarters | $619.1M | $148.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.7M | $47.5M | ||
| Q3 25 | $374.6M | $82.1M | ||
| Q2 25 | $74.6M | $44.4M | ||
| Q1 25 | $210.4M | $28.7M | ||
| Q4 24 | $312.0M | $20.0M | ||
| Q3 24 | $196.9M | $70.7M | ||
| Q2 24 | $68.8M | $22.9M | ||
| Q1 24 | $208.2M | $-8.2M |
| Q4 25 | $118.0M | $31.2M | ||
| Q3 25 | $320.2M | $68.9M | ||
| Q2 25 | $23.5M | $32.4M | ||
| Q1 25 | $157.4M | $16.3M | ||
| Q4 24 | $268.1M | $10.0M | ||
| Q3 24 | $152.7M | $54.3M | ||
| Q2 24 | $30.5M | $11.3M | ||
| Q1 24 | $161.7M | $-18.8M |
| Q4 25 | 29.4% | 7.0% | ||
| Q3 25 | 99.9% | 15.4% | ||
| Q2 25 | 7.7% | 7.1% | ||
| Q1 25 | 57.7% | 3.9% | ||
| Q4 24 | 88.5% | 2.5% | ||
| Q3 24 | 65.9% | 13.5% | ||
| Q2 24 | 13.6% | 2.6% | ||
| Q1 24 | 82.9% | -4.4% |
| Q4 25 | 13.9% | 3.6% | ||
| Q3 25 | 17.0% | 2.9% | ||
| Q2 25 | 16.7% | 2.6% | ||
| Q1 25 | 19.5% | 3.0% | ||
| Q4 24 | 14.5% | 2.5% | ||
| Q3 24 | 19.0% | 4.1% | ||
| Q2 24 | 17.1% | 2.7% | ||
| Q1 24 | 23.8% | 2.5% |
| Q4 25 | 1.34× | 0.99× | ||
| Q3 25 | 4.64× | 1.50× | ||
| Q2 25 | 1.08× | 0.74× | ||
| Q1 25 | 75.03× | 0.64× | ||
| Q4 24 | 3.88× | 0.50× | ||
| Q3 24 | — | 1.61× | ||
| Q2 24 | — | 0.41× | ||
| Q1 24 | — | -0.18× |
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% |
ATMU
| Fuel Products | $219.1M | 49% |
| Lube | $84.8M | 19% |
| Air | $74.0M | 17% |
| Other | $68.7M | 15% |
| Related Party | $14.9M | 3% |
