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Side-by-side financial comparison of Affirm Holdings, Inc. (AFRM) and GRIFFON CORP (GFF). Click either name above to swap in a different company.
GRIFFON CORP is the larger business by last-quarter revenue ($649.1M vs $401.4M, roughly 1.6× Affirm Holdings, Inc.). Affirm Holdings, Inc. runs the higher net margin — 32.3% vs 9.9%, a 22.4% gap on every dollar of revenue. On growth, Affirm Holdings, Inc. posted the faster year-over-year revenue change (32.5% vs 2.6%). Affirm Holdings, Inc. produced more free cash flow last quarter ($118.0M vs $99.3M). Over the past eight quarters, Affirm Holdings, Inc.'s revenue compounded faster (43.5% CAGR vs -1.8%).
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.
Griffon Corporation is a multinational conglomerate headquartered in New York City. It operates as a diversified management and holding company. The company has four subsidiaries: Ames True Temper, ClosetMaid, Clopay Building Products, and CornellCookson. Griffon has been publicly traded since 1961 and is listed on the New York Stock Exchange as a component stock of the S&P SmallCap 600, S&P Composite 1500, and Russell 2000 indices.
AFRM vs GFF — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $401.4M | $649.1M |
| Net Profit | $129.6M | $64.4M |
| Gross Margin | — | 41.1% |
| Operating Margin | 29.3% | 17.5% |
| Net Margin | 32.3% | 9.9% |
| Revenue YoY | 32.5% | 2.6% |
| Net Profit YoY | 61.3% | -9.1% |
| EPS (diluted) | $0.37 | $1.41 |
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 | $649.1M | ||
| Q3 25 | $320.5M | $662.2M | ||
| Q2 25 | $306.6M | $613.6M | ||
| Q1 25 | $272.5M | $611.7M | ||
| Q4 24 | $303.0M | $632.4M | ||
| Q3 24 | $231.8M | $659.7M | ||
| Q2 24 | $224.0M | $647.8M | ||
| Q1 24 | $195.0M | $672.9M |
| Q4 25 | $129.6M | $64.4M | ||
| Q3 25 | $80.7M | $43.6M | ||
| Q2 25 | $69.2M | $-120.1M | ||
| Q1 25 | $2.8M | $56.8M | ||
| Q4 24 | $80.4M | $70.9M | ||
| Q3 24 | $-100.2M | $62.5M | ||
| Q2 24 | $-45.1M | $41.1M | ||
| Q1 24 | $-133.9M | $64.1M |
| Q4 25 | — | 41.1% | ||
| Q3 25 | — | 41.7% | ||
| Q2 25 | — | 43.2% | ||
| Q1 25 | — | 41.2% | ||
| Q4 24 | — | 41.8% | ||
| Q3 24 | — | 39.9% | ||
| Q2 24 | — | 38.5% | ||
| Q1 24 | — | 40.2% |
| Q4 25 | 29.3% | 17.5% | ||
| Q3 25 | 19.9% | 18.0% | ||
| Q2 25 | 18.9% | -20.5% | ||
| Q1 25 | -3.1% | 16.5% | ||
| Q4 24 | -1.4% | 17.7% | ||
| Q3 24 | -57.2% | 16.9% | ||
| Q2 24 | -32.8% | 13.8% | ||
| Q1 24 | -82.5% | 16.9% |
| Q4 25 | 32.3% | 9.9% | ||
| Q3 25 | 25.2% | 6.6% | ||
| Q2 25 | 22.6% | -19.6% | ||
| Q1 25 | 1.0% | 9.3% | ||
| Q4 24 | 26.5% | 11.2% | ||
| Q3 24 | -43.2% | 9.5% | ||
| Q2 24 | -20.2% | 6.3% | ||
| Q1 24 | -68.7% | 9.5% |
| Q4 25 | $0.37 | $1.41 | ||
| Q3 25 | $0.23 | $1.04 | ||
| Q2 25 | $0.22 | $-2.65 | ||
| Q1 25 | $0.01 | $1.21 | ||
| Q4 24 | $0.23 | $1.49 | ||
| Q3 24 | $-0.31 | $1.29 | ||
| Q2 24 | $-0.13 | $0.84 | ||
| Q1 24 | $-0.43 | $1.28 |
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 | $95.3M |
| Total DebtLower is stronger | $9.0B | — |
| Stockholders' EquityBook value | $3.5B | $108.9M |
| Total Assets | $13.0B | $2.1B |
| Debt / EquityLower = less leverage | 2.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $95.3M | ||
| Q3 25 | $1.4B | $99.0M | ||
| Q2 25 | $1.4B | $107.3M | ||
| Q1 25 | $1.4B | $127.8M | ||
| Q4 24 | $1.2B | $152.0M | ||
| Q3 24 | $1.0B | $114.4M | ||
| Q2 24 | $1.0B | $133.5M | ||
| Q1 24 | $1.3B | $123.0M |
| Q4 25 | $9.0B | — | ||
| Q3 25 | $7.7B | — | ||
| Q2 25 | $7.6B | $1.5B | ||
| Q1 25 | $7.1B | $1.5B | ||
| Q4 24 | $7.3B | $1.5B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | $1.8B | $1.5B | ||
| Q1 24 | — | $1.6B |
| Q4 25 | $3.5B | $108.9M | ||
| Q3 25 | $3.3B | $74.0M | ||
| Q2 25 | $3.1B | $63.9M | ||
| Q1 25 | $2.9B | $214.7M | ||
| Q4 24 | $2.8B | $227.8M | ||
| Q3 24 | $2.8B | $224.9M | ||
| Q2 24 | $2.7B | $223.5M | ||
| Q1 24 | $2.6B | $202.2M |
| Q4 25 | $13.0B | $2.1B | ||
| Q3 25 | $11.5B | $2.1B | ||
| Q2 25 | $11.2B | $2.1B | ||
| Q1 25 | $10.4B | $2.3B | ||
| Q4 24 | $10.5B | $2.3B | ||
| Q3 24 | $10.1B | $2.4B | ||
| Q2 24 | $9.5B | $2.4B | ||
| Q1 24 | $9.2B | $2.4B |
| Q4 25 | 2.54× | — | ||
| Q3 25 | 2.35× | — | ||
| Q2 25 | 2.48× | 22.71× | ||
| Q1 25 | 2.49× | 7.16× | ||
| Q4 24 | 2.62× | 6.48× | ||
| Q3 24 | — | 6.78× | ||
| Q2 24 | 0.67× | 6.74× | ||
| Q1 24 | — | 7.84× |
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 | $107.0M |
| Free Cash FlowOCF − Capex | $118.0M | $99.3M |
| FCF MarginFCF / Revenue | 29.4% | 15.3% |
| Capex IntensityCapex / Revenue | 13.9% | 1.2% |
| Cash ConversionOCF / Net Profit | 1.34× | 1.66× |
| TTM Free Cash FlowTrailing 4 quarters | $619.1M | $278.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.7M | $107.0M | ||
| Q3 25 | $374.6M | $75.0M | ||
| Q2 25 | $74.6M | $123.1M | ||
| Q1 25 | $210.4M | $16.5M | ||
| Q4 24 | $312.0M | $142.9M | ||
| Q3 24 | $196.9M | $72.1M | ||
| Q2 24 | $68.8M | $122.1M | ||
| Q1 24 | $208.2M | $39.8M |
| Q4 25 | $118.0M | $99.3M | ||
| Q3 25 | $320.2M | $62.4M | ||
| Q2 25 | $23.5M | $114.4M | ||
| Q1 25 | $157.4M | $2.8M | ||
| Q4 24 | $268.1M | $125.5M | ||
| Q3 24 | $152.7M | $51.6M | ||
| Q2 24 | $30.5M | $107.5M | ||
| Q1 24 | $161.7M | $20.8M |
| Q4 25 | 29.4% | 15.3% | ||
| Q3 25 | 99.9% | 9.4% | ||
| Q2 25 | 7.7% | 18.6% | ||
| Q1 25 | 57.7% | 0.5% | ||
| Q4 24 | 88.5% | 19.8% | ||
| Q3 24 | 65.9% | 7.8% | ||
| Q2 24 | 13.6% | 16.6% | ||
| Q1 24 | 82.9% | 3.1% |
| Q4 25 | 13.9% | 1.2% | ||
| Q3 25 | 17.0% | 1.9% | ||
| Q2 25 | 16.7% | 1.4% | ||
| Q1 25 | 19.5% | 2.2% | ||
| Q4 24 | 14.5% | 2.8% | ||
| Q3 24 | 19.0% | 3.1% | ||
| Q2 24 | 17.1% | 2.2% | ||
| Q1 24 | 23.8% | 2.8% |
| Q4 25 | 1.34× | 1.66× | ||
| Q3 25 | 4.64× | 1.72× | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 75.03× | 0.29× | ||
| Q4 24 | 3.88× | 2.02× | ||
| Q3 24 | — | 1.15× | ||
| Q2 24 | — | 2.97× | ||
| Q1 24 | — | 0.62× |
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% |
GFF
| Consumer And Professional Products | $241.1M | 37% |
| Residential Repairand Remodel | $202.1M | 31% |
| International Excluding North America | $97.8M | 15% |
| Retail | $47.3M | 7% |
| Residential New Construction | $32.5M | 5% |
| Other | $14.2M | 2% |
| Industrial | $14.1M | 2% |
