vs
Side-by-side financial comparison of Affirm Holdings, Inc. (AFRM) and AVIENT CORP (AVNT). Click either name above to swap in a different company.
AVIENT CORP is the larger business by last-quarter revenue ($760.6M vs $401.4M, roughly 1.9× Affirm Holdings, Inc.). Affirm Holdings, Inc. runs the higher net margin — 32.3% vs 2.2%, a 30.1% gap on every dollar of revenue. On growth, Affirm Holdings, Inc. posted the faster year-over-year revenue change (32.5% vs 1.9%). AVIENT CORP produced more free cash flow last quarter ($125.4M vs $118.0M). Over the past eight quarters, Affirm Holdings, Inc.'s revenue compounded faster (43.5% CAGR vs -4.2%).
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.
Avient Corporation is a global materials solutions company headquartered in Avon Lake, Ohio, United States, employing approximately 9,000 people worldwide. Its products include colorants, advanced composites, functional additives and engineered materials.
AFRM vs AVNT — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $401.4M | $760.6M |
| Net Profit | $129.6M | $16.9M |
| Gross Margin | — | 30.2% |
| Operating Margin | 29.3% | 5.2% |
| Net Margin | 32.3% | 2.2% |
| Revenue YoY | 32.5% | 1.9% |
| Net Profit YoY | 61.3% | -65.0% |
| EPS (diluted) | $0.37 | $0.18 |
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 | $760.6M | ||
| Q3 25 | $320.5M | $806.5M | ||
| Q2 25 | $306.6M | $866.5M | ||
| Q1 25 | $272.5M | $826.6M | ||
| Q4 24 | $303.0M | $746.5M | ||
| Q3 24 | $231.8M | $815.2M | ||
| Q2 24 | $224.0M | $849.7M | ||
| Q1 24 | $195.0M | $829.0M |
| Q4 25 | $129.6M | $16.9M | ||
| Q3 25 | $80.7M | $32.6M | ||
| Q2 25 | $69.2M | $52.6M | ||
| Q1 25 | $2.8M | $-20.2M | ||
| Q4 24 | $80.4M | $48.3M | ||
| Q3 24 | $-100.2M | $38.2M | ||
| Q2 24 | $-45.1M | $33.6M | ||
| Q1 24 | $-133.9M | $49.4M |
| Q4 25 | — | 30.2% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 32.1% | ||
| Q1 25 | — | 31.8% | ||
| Q4 24 | — | 34.8% | ||
| Q3 24 | — | 32.1% | ||
| Q2 24 | — | 30.3% | ||
| Q1 24 | — | 33.6% |
| Q4 25 | 29.3% | 5.2% | ||
| Q3 25 | 19.9% | 8.3% | ||
| Q2 25 | 18.9% | 11.1% | ||
| Q1 25 | -3.1% | 0.1% | ||
| Q4 24 | -1.4% | 11.5% | ||
| Q3 24 | -57.2% | 9.5% | ||
| Q2 24 | -32.8% | 8.5% | ||
| Q1 24 | -82.5% | 11.3% |
| Q4 25 | 32.3% | 2.2% | ||
| Q3 25 | 25.2% | 4.0% | ||
| Q2 25 | 22.6% | 6.1% | ||
| Q1 25 | 1.0% | -2.4% | ||
| Q4 24 | 26.5% | 6.5% | ||
| Q3 24 | -43.2% | 4.7% | ||
| Q2 24 | -20.2% | 4.0% | ||
| Q1 24 | -68.7% | 6.0% |
| Q4 25 | $0.37 | $0.18 | ||
| Q3 25 | $0.23 | $0.36 | ||
| Q2 25 | $0.22 | $0.57 | ||
| Q1 25 | $0.01 | $-0.22 | ||
| Q4 24 | $0.23 | $0.53 | ||
| Q3 24 | $-0.31 | $0.41 | ||
| Q2 24 | $-0.13 | $0.36 | ||
| 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 | — |
| Total DebtLower is stronger | $9.0B | $1.9B |
| Stockholders' EquityBook value | $3.5B | $2.4B |
| Total Assets | $13.0B | $6.0B |
| Debt / EquityLower = less leverage | 2.54× | 0.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.3B | — |
| Q4 25 | $9.0B | $1.9B | ||
| Q3 25 | $7.7B | $2.0B | ||
| Q2 25 | $7.6B | $2.0B | ||
| Q1 25 | $7.1B | $2.1B | ||
| Q4 24 | $7.3B | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | $1.8B | $2.1B | ||
| Q1 24 | — | $2.1B |
| Q4 25 | $3.5B | $2.4B | ||
| Q3 25 | $3.3B | $2.4B | ||
| Q2 25 | $3.1B | $2.4B | ||
| Q1 25 | $2.9B | $2.3B | ||
| Q4 24 | $2.8B | $2.3B | ||
| Q3 24 | $2.8B | $2.4B | ||
| Q2 24 | $2.7B | $2.3B | ||
| Q1 24 | $2.6B | $2.3B |
| Q4 25 | $13.0B | $6.0B | ||
| Q3 25 | $11.5B | $6.1B | ||
| Q2 25 | $11.2B | $6.1B | ||
| Q1 25 | $10.4B | $5.8B | ||
| Q4 24 | $10.5B | $5.8B | ||
| Q3 24 | $10.1B | $6.0B | ||
| Q2 24 | $9.5B | $5.9B | ||
| Q1 24 | $9.2B | $5.9B |
| Q4 25 | 2.54× | 0.81× | ||
| Q3 25 | 2.35× | 0.83× | ||
| Q2 25 | 2.48× | 0.86× | ||
| Q1 25 | 2.49× | 0.90× | ||
| Q4 24 | 2.62× | 0.89× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | 0.67× | 0.90× | ||
| Q1 24 | — | 0.90× |
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 | $167.8M |
| Free Cash FlowOCF − Capex | $118.0M | $125.4M |
| FCF MarginFCF / Revenue | 29.4% | 16.5% |
| Capex IntensityCapex / Revenue | 13.9% | 5.6% |
| Cash ConversionOCF / Net Profit | 1.34× | 9.93× |
| TTM Free Cash FlowTrailing 4 quarters | $619.1M | $195.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.7M | $167.8M | ||
| Q3 25 | $374.6M | $72.1M | ||
| Q2 25 | $74.6M | $112.8M | ||
| Q1 25 | $210.4M | $-51.1M | ||
| Q4 24 | $312.0M | $122.6M | ||
| Q3 24 | $196.9M | $71.1M | ||
| Q2 24 | $68.8M | $105.9M | ||
| Q1 24 | $208.2M | $-42.8M |
| Q4 25 | $118.0M | $125.4M | ||
| Q3 25 | $320.2M | $47.4M | ||
| Q2 25 | $23.5M | $85.8M | ||
| Q1 25 | $157.4M | $-63.6M | ||
| Q4 24 | $268.1M | $81.5M | ||
| Q3 24 | $152.7M | $46.1M | ||
| Q2 24 | $30.5M | $74.5M | ||
| Q1 24 | $161.7M | $-67.2M |
| Q4 25 | 29.4% | 16.5% | ||
| Q3 25 | 99.9% | 5.9% | ||
| Q2 25 | 7.7% | 9.9% | ||
| Q1 25 | 57.7% | -7.7% | ||
| Q4 24 | 88.5% | 10.9% | ||
| Q3 24 | 65.9% | 5.7% | ||
| Q2 24 | 13.6% | 8.8% | ||
| Q1 24 | 82.9% | -8.1% |
| Q4 25 | 13.9% | 5.6% | ||
| Q3 25 | 17.0% | 3.1% | ||
| Q2 25 | 16.7% | 3.1% | ||
| Q1 25 | 19.5% | 1.5% | ||
| Q4 24 | 14.5% | 5.5% | ||
| Q3 24 | 19.0% | 3.1% | ||
| Q2 24 | 17.1% | 3.7% | ||
| Q1 24 | 23.8% | 2.9% |
| Q4 25 | 1.34× | 9.93× | ||
| Q3 25 | 4.64× | 2.21× | ||
| Q2 25 | 1.08× | 2.14× | ||
| Q1 25 | 75.03× | — | ||
| Q4 24 | 3.88× | 2.54× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 3.15× | ||
| Q1 24 | — | -0.87× |
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% |
AVNT
| Color Additives And Inks | $466.0M | 61% |
| Specialty Engineered Materials | $295.5M | 39% |
