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Side-by-side financial comparison of Affirm Holdings, Inc. (AFRM) and SANFILIPPO JOHN B & SON INC (JBSS). Click either name above to swap in a different company.
Affirm Holdings, Inc. is the larger business by last-quarter revenue ($401.4M vs $314.8M, roughly 1.3× SANFILIPPO JOHN B & SON INC). Affirm Holdings, Inc. runs the higher net margin — 32.3% vs 5.7%, a 26.6% gap on every dollar of revenue. On growth, Affirm Holdings, Inc. posted the faster year-over-year revenue change (32.5% vs 4.6%). Affirm Holdings, Inc. produced more free cash flow last quarter ($118.0M vs $40.0M). Over the past eight quarters, Affirm Holdings, Inc.'s revenue compounded faster (43.5% CAGR vs 7.6%).
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.
John B. Sanfilippo & Son Inc. (JBSS) is a leading US processor, marketer and distributor of high-quality tree nuts, peanuts, dried fruits, and value-added snack products. It serves retail, foodservice, and industrial ingredient customers primarily across North America, offering both branded and private label product lines.
AFRM vs JBSS — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $401.4M | $314.8M |
| Net Profit | $129.6M | $18.0M |
| Gross Margin | — | 18.8% |
| Operating Margin | 29.3% | 8.3% |
| Net Margin | 32.3% | 5.7% |
| Revenue YoY | 32.5% | 4.6% |
| Net Profit YoY | 61.3% | 32.1% |
| EPS (diluted) | $0.37 | $1.53 |
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 | $314.8M | ||
| Q3 25 | $320.5M | $298.7M | ||
| Q2 25 | $306.6M | $269.1M | ||
| Q1 25 | $272.5M | $260.9M | ||
| Q4 24 | $303.0M | $301.1M | ||
| Q3 24 | $231.8M | $276.2M | ||
| Q2 24 | $224.0M | $269.6M | ||
| Q1 24 | $195.0M | $271.9M |
| Q4 25 | $129.6M | $18.0M | ||
| Q3 25 | $80.7M | $18.7M | ||
| Q2 25 | $69.2M | $13.5M | ||
| Q1 25 | $2.8M | $20.2M | ||
| Q4 24 | $80.4M | $13.6M | ||
| Q3 24 | $-100.2M | $11.7M | ||
| Q2 24 | $-45.1M | $10.0M | ||
| Q1 24 | $-133.9M | $13.5M |
| Q4 25 | — | 18.8% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 18.1% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | — | 16.9% | ||
| Q2 24 | — | 18.5% | ||
| Q1 24 | — | 18.1% |
| Q4 25 | 29.3% | 8.3% | ||
| Q3 25 | 19.9% | 9.0% | ||
| Q2 25 | 18.9% | 7.5% | ||
| Q1 25 | -3.1% | 10.8% | ||
| Q4 24 | -1.4% | 6.4% | ||
| Q3 24 | -57.2% | 6.2% | ||
| Q2 24 | -32.8% | 5.4% | ||
| Q1 24 | -82.5% | 6.7% |
| Q4 25 | 32.3% | 5.7% | ||
| Q3 25 | 25.2% | 6.3% | ||
| Q2 25 | 22.6% | 5.0% | ||
| Q1 25 | 1.0% | 7.7% | ||
| Q4 24 | 26.5% | 4.5% | ||
| Q3 24 | -43.2% | 4.2% | ||
| Q2 24 | -20.2% | 3.7% | ||
| Q1 24 | -68.7% | 5.0% |
| Q4 25 | $0.37 | $1.53 | ||
| Q3 25 | $0.23 | $1.59 | ||
| Q2 25 | $0.22 | $1.15 | ||
| Q1 25 | $0.01 | $1.72 | ||
| Q4 24 | $0.23 | $1.16 | ||
| Q3 24 | $-0.31 | $1.00 | ||
| Q2 24 | $-0.13 | $0.85 | ||
| Q1 24 | $-0.43 | $1.15 |
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 | $2.4M |
| Total DebtLower is stronger | $9.0B | $28.8M |
| Stockholders' EquityBook value | $3.5B | $370.1M |
| Total Assets | $13.0B | $617.7M |
| Debt / EquityLower = less leverage | 2.54× | 0.08× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $2.4M | ||
| Q3 25 | $1.4B | $714.0K | ||
| Q2 25 | $1.4B | $585.0K | ||
| Q1 25 | $1.4B | $1.3M | ||
| Q4 24 | $1.2B | $336.0K | ||
| Q3 24 | $1.0B | $442.0K | ||
| Q2 24 | $1.0B | $484.0K | ||
| Q1 24 | $1.3B | $377.0K |
| Q4 25 | $9.0B | $28.8M | ||
| Q3 25 | $7.7B | $29.8M | ||
| Q2 25 | $7.6B | $14.6M | ||
| Q1 25 | $7.1B | $5.8M | ||
| Q4 24 | $7.3B | $6.0M | ||
| Q3 24 | — | $6.2M | ||
| Q2 24 | $1.8B | $6.4M | ||
| Q1 24 | — | $6.6M |
| Q4 25 | $3.5B | $370.1M | ||
| Q3 25 | $3.3B | $362.8M | ||
| Q2 25 | $3.1B | $360.7M | ||
| Q1 25 | $2.9B | $346.6M | ||
| Q4 24 | $2.8B | $325.6M | ||
| Q3 24 | $2.8B | $310.8M | ||
| Q2 24 | $2.7B | $322.6M | ||
| Q1 24 | $2.6B | $321.8M |
| Q4 25 | $13.0B | $617.7M | ||
| Q3 25 | $11.5B | $598.7M | ||
| Q2 25 | $11.2B | $597.6M | ||
| Q1 25 | $10.4B | $590.0M | ||
| Q4 24 | $10.5B | $545.3M | ||
| Q3 24 | $10.1B | $519.4M | ||
| Q2 24 | $9.5B | $515.6M | ||
| Q1 24 | $9.2B | $491.9M |
| Q4 25 | 2.54× | 0.08× | ||
| Q3 25 | 2.35× | 0.08× | ||
| Q2 25 | 2.48× | 0.04× | ||
| Q1 25 | 2.49× | 0.02× | ||
| Q4 24 | 2.62× | 0.02× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | 0.67× | 0.02× | ||
| Q1 24 | — | 0.02× |
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 | $62.5M |
| Free Cash FlowOCF − Capex | $118.0M | $40.0M |
| FCF MarginFCF / Revenue | 29.4% | 12.7% |
| Capex IntensityCapex / Revenue | 13.9% | 7.1% |
| Cash ConversionOCF / Net Profit | 1.34× | 3.48× |
| TTM Free Cash FlowTrailing 4 quarters | $619.1M | $32.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.7M | $62.5M | ||
| Q3 25 | $374.6M | $32.1M | ||
| Q2 25 | $74.6M | $36.5M | ||
| Q1 25 | $210.4M | $-25.9M | ||
| Q4 24 | $312.0M | $11.0M | ||
| Q3 24 | $196.9M | $8.9M | ||
| Q2 24 | $68.8M | $35.2M | ||
| Q1 24 | $208.2M | $5.3M |
| Q4 25 | $118.0M | $40.0M | ||
| Q3 25 | $320.2M | $7.3M | ||
| Q2 25 | $23.5M | $23.0M | ||
| Q1 25 | $157.4M | $-37.6M | ||
| Q4 24 | $268.1M | $-2.7M | ||
| Q3 24 | $152.7M | $-3.0M | ||
| Q2 24 | $30.5M | $24.4M | ||
| Q1 24 | $161.7M | $-1.3M |
| Q4 25 | 29.4% | 12.7% | ||
| Q3 25 | 99.9% | 2.4% | ||
| Q2 25 | 7.7% | 8.6% | ||
| Q1 25 | 57.7% | -14.4% | ||
| Q4 24 | 88.5% | -0.9% | ||
| Q3 24 | 65.9% | -1.1% | ||
| Q2 24 | 13.6% | 9.0% | ||
| Q1 24 | 82.9% | -0.5% |
| Q4 25 | 13.9% | 7.1% | ||
| Q3 25 | 17.0% | 8.3% | ||
| Q2 25 | 16.7% | 5.0% | ||
| Q1 25 | 19.5% | 4.5% | ||
| Q4 24 | 14.5% | 4.5% | ||
| Q3 24 | 19.0% | 4.3% | ||
| Q2 24 | 17.1% | 4.0% | ||
| Q1 24 | 23.8% | 2.4% |
| Q4 25 | 1.34× | 3.48× | ||
| Q3 25 | 4.64× | 1.72× | ||
| Q2 25 | 1.08× | 2.70× | ||
| Q1 25 | 75.03× | -1.29× | ||
| Q4 24 | 3.88× | 0.81× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 3.52× | ||
| Q1 24 | — | 0.39× |
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% |
JBSS
| Sales Channel Directly To Consumer | $263.2M | 84% |
| Sales Channel Commercial Ingredients | $28.0M | 9% |
| Sales Channel Contract Packaging | $23.6M | 8% |
