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Side-by-side financial comparison of Affirm Holdings, Inc. (AFRM) and Enpro Inc. (NPO). Click either name above to swap in a different company.
Affirm Holdings, Inc. is the larger business by last-quarter revenue ($401.4M vs $295.4M, roughly 1.4× Enpro Inc.). Affirm Holdings, Inc. runs the higher net margin — 32.3% vs -10.8%, a 43.1% gap on every dollar of revenue. On growth, Affirm Holdings, Inc. posted the faster year-over-year revenue change (32.5% vs 14.3%). Over the past eight quarters, Affirm Holdings, Inc.'s revenue compounded faster (43.5% CAGR vs 7.1%).
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.
Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide. It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engin...
AFRM vs NPO — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $401.4M | $295.4M |
| Net Profit | $129.6M | $-32.0M |
| Gross Margin | — | 42.1% |
| Operating Margin | 29.3% | 11.2% |
| Net Margin | 32.3% | -10.8% |
| Revenue YoY | 32.5% | 14.3% |
| Net Profit YoY | 61.3% | -330.2% |
| EPS (diluted) | $0.37 | $-1.50 |
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 | $295.4M | ||
| Q3 25 | $320.5M | $286.6M | ||
| Q2 25 | $306.6M | $288.1M | ||
| Q1 25 | $272.5M | $273.2M | ||
| Q4 24 | $303.0M | $258.4M | ||
| Q3 24 | $231.8M | $260.9M | ||
| Q2 24 | $224.0M | $271.9M | ||
| Q1 24 | $195.0M | $257.5M |
| Q4 25 | $129.6M | $-32.0M | ||
| Q3 25 | $80.7M | $21.6M | ||
| Q2 25 | $69.2M | $26.4M | ||
| Q1 25 | $2.8M | $24.5M | ||
| Q4 24 | $80.4M | $13.9M | ||
| Q3 24 | $-100.2M | $19.8M | ||
| Q2 24 | $-45.1M | $26.7M | ||
| Q1 24 | $-133.9M | $12.5M |
| Q4 25 | — | 42.1% | ||
| Q3 25 | — | 41.9% | ||
| Q2 25 | — | 43.3% | ||
| Q1 25 | — | 43.3% | ||
| Q4 24 | — | 42.3% | ||
| Q3 24 | — | 42.3% | ||
| Q2 24 | — | 43.8% | ||
| Q1 24 | — | 41.2% |
| Q4 25 | 29.3% | 11.2% | ||
| Q3 25 | 19.9% | 14.3% | ||
| Q2 25 | 18.9% | 15.9% | ||
| Q1 25 | -3.1% | 15.3% | ||
| Q4 24 | -1.4% | 12.5% | ||
| Q3 24 | -57.2% | 13.1% | ||
| Q2 24 | -32.8% | 17.7% | ||
| Q1 24 | -82.5% | 10.9% |
| Q4 25 | 32.3% | -10.8% | ||
| Q3 25 | 25.2% | 7.5% | ||
| Q2 25 | 22.6% | 9.2% | ||
| Q1 25 | 1.0% | 9.0% | ||
| Q4 24 | 26.5% | 5.4% | ||
| Q3 24 | -43.2% | 7.6% | ||
| Q2 24 | -20.2% | 9.8% | ||
| Q1 24 | -68.7% | 4.9% |
| Q4 25 | $0.37 | $-1.50 | ||
| Q3 25 | $0.23 | $1.01 | ||
| Q2 25 | $0.22 | $1.25 | ||
| Q1 25 | $0.01 | $1.15 | ||
| Q4 24 | $0.23 | $0.65 | ||
| Q3 24 | $-0.31 | $0.94 | ||
| Q2 24 | $-0.13 | $1.27 | ||
| Q1 24 | $-0.43 | $0.59 |
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 | $114.7M |
| Total DebtLower is stronger | $9.0B | $655.3M |
| Stockholders' EquityBook value | $3.5B | $1.5B |
| Total Assets | $13.0B | $2.7B |
| Debt / EquityLower = less leverage | 2.54× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $114.7M | ||
| Q3 25 | $1.4B | $132.9M | ||
| Q2 25 | $1.4B | $107.1M | ||
| Q1 25 | $1.4B | $240.3M | ||
| Q4 24 | $1.2B | $236.3M | ||
| Q3 24 | $1.0B | $206.9M | ||
| Q2 24 | $1.0B | $175.9M | ||
| Q1 24 | $1.3B | $163.9M |
| Q4 25 | $9.0B | $655.3M | ||
| Q3 25 | $7.7B | — | ||
| Q2 25 | $7.6B | — | ||
| Q1 25 | $7.1B | — | ||
| Q4 24 | $7.3B | $640.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | — | $644.9M |
| Q4 25 | $3.5B | $1.5B | ||
| Q3 25 | $3.3B | $1.5B | ||
| Q2 25 | $3.1B | $1.5B | ||
| Q1 25 | $2.9B | $1.5B | ||
| Q4 24 | $2.8B | $1.4B | ||
| Q3 24 | $2.8B | $1.5B | ||
| Q2 24 | $2.7B | $1.4B | ||
| Q1 24 | $2.6B | $1.4B |
| Q4 25 | $13.0B | $2.7B | ||
| Q3 25 | $11.5B | $2.4B | ||
| Q2 25 | $11.2B | $2.4B | ||
| Q1 25 | $10.4B | $2.5B | ||
| Q4 24 | $10.5B | $2.5B | ||
| Q3 24 | $10.1B | $2.5B | ||
| Q2 24 | $9.5B | $2.5B | ||
| Q1 24 | $9.2B | $2.5B |
| Q4 25 | 2.54× | 0.42× | ||
| Q3 25 | 2.35× | — | ||
| Q2 25 | 2.48× | — | ||
| Q1 25 | 2.49× | — | ||
| Q4 24 | 2.62× | 0.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.67× | — | ||
| Q1 24 | — | 0.46× |
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 | — |
| Free Cash FlowOCF − Capex | $118.0M | — |
| FCF MarginFCF / Revenue | 29.4% | — |
| Capex IntensityCapex / Revenue | 13.9% | 4.1% |
| Cash ConversionOCF / Net Profit | 1.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $619.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.7M | — | ||
| Q3 25 | $374.6M | $65.3M | ||
| Q2 25 | $74.6M | $52.2M | ||
| Q1 25 | $210.4M | $21.0M | ||
| Q4 24 | $312.0M | $59.4M | ||
| Q3 24 | $196.9M | $54.0M | ||
| Q2 24 | $68.8M | $43.2M | ||
| Q1 24 | $208.2M | $6.3M |
| Q4 25 | $118.0M | — | ||
| Q3 25 | $320.2M | $53.4M | ||
| Q2 25 | $23.5M | $42.3M | ||
| Q1 25 | $157.4M | $13.0M | ||
| Q4 24 | $268.1M | $49.1M | ||
| Q3 24 | $152.7M | $48.3M | ||
| Q2 24 | $30.5M | $38.3M | ||
| Q1 24 | $161.7M | $-1.9M |
| Q4 25 | 29.4% | — | ||
| Q3 25 | 99.9% | 18.6% | ||
| Q2 25 | 7.7% | 14.7% | ||
| Q1 25 | 57.7% | 4.8% | ||
| Q4 24 | 88.5% | 19.0% | ||
| Q3 24 | 65.9% | 18.5% | ||
| Q2 24 | 13.6% | 14.1% | ||
| Q1 24 | 82.9% | -0.7% |
| Q4 25 | 13.9% | 4.1% | ||
| Q3 25 | 17.0% | 4.2% | ||
| Q2 25 | 16.7% | 3.4% | ||
| Q1 25 | 19.5% | 2.9% | ||
| Q4 24 | 14.5% | 4.0% | ||
| Q3 24 | 19.0% | 2.2% | ||
| Q2 24 | 17.1% | 1.8% | ||
| Q1 24 | 23.8% | 3.2% |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 4.64× | 3.02× | ||
| Q2 25 | 1.08× | 1.98× | ||
| Q1 25 | 75.03× | 0.86× | ||
| Q4 24 | 3.88× | 4.27× | ||
| Q3 24 | — | 2.73× | ||
| Q2 24 | — | 1.62× | ||
| Q1 24 | — | 0.50× |
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% |
NPO
| Sealing Technologies Segment | $187.0M | 63% |
| General Industrial | $71.3M | 24% |
| Power Generation | $19.9M | 7% |
| Oiland Gas Market | $15.0M | 5% |
| Semiconductors | $2.2M | 1% |
