vs
Side-by-side financial comparison of Affirm Holdings, Inc. (AFRM) and Huron Consulting Group Inc. (HURN). Click either name above to swap in a different company.
Huron Consulting Group Inc. is the larger business by last-quarter revenue ($442.0M vs $401.4M, roughly 1.1× Affirm Holdings, Inc.). Affirm Holdings, Inc. runs the higher net margin — 32.3% vs 6.9%, a 25.3% gap on every dollar of revenue. On growth, Affirm Holdings, Inc. posted the faster year-over-year revenue change (32.5% vs 10.7%). Huron Consulting Group Inc. produced more free cash flow last quarter ($123.8M vs $118.0M). Over the past eight quarters, Affirm Holdings, Inc.'s revenue compounded faster (43.5% CAGR vs 10.3%).
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.
Huron Consulting Group, commonly known as Huron, is a management consulting firm offering services to the healthcare, life sciences, commercial, and higher education industries.
AFRM vs HURN — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $401.4M | $442.0M |
| Net Profit | $129.6M | $30.7M |
| Gross Margin | — | — |
| Operating Margin | 29.3% | 11.4% |
| Net Margin | 32.3% | 6.9% |
| Revenue YoY | 32.5% | 10.7% |
| Net Profit YoY | 61.3% | -9.8% |
| EPS (diluted) | $0.37 | $1.71 |
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 | $442.0M | ||
| Q3 25 | $320.5M | $441.3M | ||
| Q2 25 | $306.6M | $411.8M | ||
| Q1 25 | $272.5M | $404.1M | ||
| Q4 24 | $303.0M | $399.3M | ||
| Q3 24 | $231.8M | $378.1M | ||
| Q2 24 | $224.0M | $381.0M | ||
| Q1 24 | $195.0M | $363.4M |
| Q4 25 | $129.6M | $30.7M | ||
| Q3 25 | $80.7M | $30.4M | ||
| Q2 25 | $69.2M | $19.4M | ||
| Q1 25 | $2.8M | $24.5M | ||
| Q4 24 | $80.4M | $34.0M | ||
| Q3 24 | $-100.2M | $27.1M | ||
| Q2 24 | $-45.1M | $37.5M | ||
| Q1 24 | $-133.9M | $18.0M |
| Q4 25 | 29.3% | 11.4% | ||
| Q3 25 | 19.9% | 11.3% | ||
| Q2 25 | 18.9% | 11.1% | ||
| Q1 25 | -3.1% | 8.1% | ||
| Q4 24 | -1.4% | 11.8% | ||
| Q3 24 | -57.2% | 11.2% | ||
| Q2 24 | -32.8% | 15.6% | ||
| Q1 24 | -82.5% | 5.5% |
| Q4 25 | 32.3% | 6.9% | ||
| Q3 25 | 25.2% | 6.9% | ||
| Q2 25 | 22.6% | 4.7% | ||
| Q1 25 | 1.0% | 6.1% | ||
| Q4 24 | 26.5% | 8.5% | ||
| Q3 24 | -43.2% | 7.2% | ||
| Q2 24 | -20.2% | 9.8% | ||
| Q1 24 | -68.7% | 5.0% |
| Q4 25 | $0.37 | $1.71 | ||
| Q3 25 | $0.23 | $1.71 | ||
| Q2 25 | $0.22 | $1.09 | ||
| Q1 25 | $0.01 | $1.33 | ||
| Q4 24 | $0.23 | $1.82 | ||
| Q3 24 | $-0.31 | $1.47 | ||
| Q2 24 | $-0.13 | $2.03 | ||
| Q1 24 | $-0.43 | $0.95 |
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 | $24.5M |
| Total DebtLower is stronger | $9.0B | — |
| Stockholders' EquityBook value | $3.5B | $528.6M |
| Total Assets | $13.0B | $1.5B |
| Debt / EquityLower = less leverage | 2.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $24.5M | ||
| Q3 25 | $1.4B | $23.9M | ||
| Q2 25 | $1.4B | $61.0M | ||
| Q1 25 | $1.4B | $23.4M | ||
| Q4 24 | $1.2B | $21.9M | ||
| Q3 24 | $1.0B | $18.5M | ||
| Q2 24 | $1.0B | $17.6M | ||
| Q1 24 | $1.3B | $18.6M |
| Q4 25 | $9.0B | — | ||
| Q3 25 | $7.7B | — | ||
| Q2 25 | $7.6B | — | ||
| Q1 25 | $7.1B | — | ||
| Q4 24 | $7.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.5B | $528.6M | ||
| Q3 25 | $3.3B | $499.8M | ||
| Q2 25 | $3.1B | $475.0M | ||
| Q1 25 | $2.9B | $494.3M | ||
| Q4 24 | $2.8B | $561.3M | ||
| Q3 24 | $2.8B | $522.8M | ||
| Q2 24 | $2.7B | $500.6M | ||
| Q1 24 | $2.6B | $495.6M |
| Q4 25 | $13.0B | $1.5B | ||
| Q3 25 | $11.5B | $1.5B | ||
| Q2 25 | $11.2B | $1.5B | ||
| Q1 25 | $10.4B | $1.4B | ||
| Q4 24 | $10.5B | $1.3B | ||
| Q3 24 | $10.1B | $1.3B | ||
| Q2 24 | $9.5B | $1.3B | ||
| Q1 24 | $9.2B | $1.3B |
| Q4 25 | 2.54× | — | ||
| Q3 25 | 2.35× | — | ||
| Q2 25 | 2.48× | — | ||
| Q1 25 | 2.49× | — | ||
| Q4 24 | 2.62× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.67× | — | ||
| Q1 24 | — | — |
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 | $126.4M |
| Free Cash FlowOCF − Capex | $118.0M | $123.8M |
| FCF MarginFCF / Revenue | 29.4% | 28.0% |
| Capex IntensityCapex / Revenue | 13.9% | 0.6% |
| Cash ConversionOCF / Net Profit | 1.34× | 4.12× |
| TTM Free Cash FlowTrailing 4 quarters | $619.1M | $183.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.7M | $126.4M | ||
| Q3 25 | $374.6M | $93.8M | ||
| Q2 25 | $74.6M | $80.0M | ||
| Q1 25 | $210.4M | $-106.8M | ||
| Q4 24 | $312.0M | $139.6M | ||
| Q3 24 | $196.9M | $85.2M | ||
| Q2 24 | $68.8M | $107.2M | ||
| Q1 24 | $208.2M | $-130.7M |
| Q4 25 | $118.0M | $123.8M | ||
| Q3 25 | $320.2M | $89.8M | ||
| Q2 25 | $23.5M | $78.0M | ||
| Q1 25 | $157.4M | $-108.7M | ||
| Q4 24 | $268.1M | $137.0M | ||
| Q3 24 | $152.7M | $82.8M | ||
| Q2 24 | $30.5M | $104.7M | ||
| Q1 24 | $161.7M | $-131.9M |
| Q4 25 | 29.4% | 28.0% | ||
| Q3 25 | 99.9% | 20.3% | ||
| Q2 25 | 7.7% | 18.9% | ||
| Q1 25 | 57.7% | -26.9% | ||
| Q4 24 | 88.5% | 34.3% | ||
| Q3 24 | 65.9% | 21.9% | ||
| Q2 24 | 13.6% | 27.5% | ||
| Q1 24 | 82.9% | -36.3% |
| Q4 25 | 13.9% | 0.6% | ||
| Q3 25 | 17.0% | 0.9% | ||
| Q2 25 | 16.7% | 0.5% | ||
| Q1 25 | 19.5% | 0.5% | ||
| Q4 24 | 14.5% | 0.7% | ||
| Q3 24 | 19.0% | 0.6% | ||
| Q2 24 | 17.1% | 0.6% | ||
| Q1 24 | 23.8% | 0.3% |
| Q4 25 | 1.34× | 4.12× | ||
| Q3 25 | 4.64× | 3.08× | ||
| Q2 25 | 1.08× | 4.12× | ||
| Q1 25 | 75.03× | -4.35× | ||
| Q4 24 | 3.88× | 4.11× | ||
| Q3 24 | — | 3.14× | ||
| Q2 24 | — | 2.86× | ||
| Q1 24 | — | -7.26× |
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% |
HURN
| Consulting And Managed Services Capability | $172.9M | 39% |
| Education | $118.7M | 27% |
| Commercial | $91.9M | 21% |
| Digital Capability | $54.6M | 12% |
