vs
Affirm Holdings, Inc.（AFRM）とCSG SYSTEMS INTERNATIONAL INC（CSGS）の財務データ比較。上の社名をクリックして会社を切り替えられます
Affirm Holdings, Inc.の直近四半期売上が大きい（$401.4M vs $323.1M、CSG SYSTEMS INTERNATIONAL INCの約1.2倍）。Affirm Holdings, Inc.の純利益率が高く（32.3% vs 2.2%、差は30.1%）。Affirm Holdings, Inc.の前年同期比売上増加率が高い（32.5% vs 2.0%）。Affirm Holdings, Inc.の直近四半期フリーキャッシュフローが多い（$118.0M vs $55.8M）。過去8四半期でAffirm Holdings, Inc.の売上複合成長率が高い（43.5% vs 4.6%）
アファーム・ホールディングスは米国の金融テクノロジー企業で、購入時ローンや後払い決済サービス（BNPL）を提供しています。PayPal共同創業者のマックス・レフチンが2012年に設立した米国最大のBNPL事業者で、2025年現在利用者数は約2600万人、年間決済処理額は370億米ドルに上ります。
中国南玻集団股フン有限公司は中国最大級の建築用ガラスメーカーで、浮きガラス、建築用ガラス、ディスプレイ用ガラス、自動車用ガラス、コーティングガラス、鏡、カラーフィルターガラス、太陽光発電用ガラス、省エネガラスなど多種多様なガラス製品の製造・販売を手がけています。
AFRM vs CSGS — 直接比較
損益計算書 — Q2 FY2026 vs Q4 FY2025
| 指標 | | |
|---|---|---|
| 売上 | $401.4M | $323.1M |
| 純利益 | $129.6M | $7.0M |
| 粗利率 | — | 50.0% |
| 営業利益率 | 29.3% | 9.0% |
| 純利益率 | 32.3% | 2.2% |
| 売上前年比 | 32.5% | 2.0% |
| 純利益前年比 | 61.3% | -79.7% |
| EPS（希薄化後） | $0.37 | $0.24 |
緑 = その指標でリード。会計年度がずれている場合は期間が異なる場合あり
8四半期 売上・利益トレンド
並べて比較する四半期履歴。決算期がずれていても暦四半期で整列
| Q4 25 | $401.4M | $323.1M | ||
| Q3 25 | $320.5M | $303.6M | ||
| Q2 25 | $306.6M | $297.1M | ||
| Q1 25 | $272.5M | $299.5M | ||
| Q4 24 | $303.0M | $316.7M | ||
| Q3 24 | $231.8M | $295.1M | ||
| Q2 24 | $224.0M | $290.3M | ||
| Q1 24 | $195.0M | $295.1M |
| Q4 25 | $129.6M | $7.0M | ||
| Q3 25 | $80.7M | $20.5M | ||
| Q2 25 | $69.2M | $12.3M | ||
| Q1 25 | $2.8M | $16.1M | ||
| Q4 24 | $80.4M | $34.5M | ||
| Q3 24 | $-100.2M | $19.1M | ||
| Q2 24 | $-45.1M | $13.8M | ||
| Q1 24 | $-133.9M | $19.5M |
| Q4 25 | — | 50.0% | ||
| Q3 25 | — | 48.1% | ||
| Q2 25 | — | 49.5% | ||
| Q1 25 | — | 48.4% | ||
| Q4 24 | — | 51.3% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | 47.3% | ||
| Q1 24 | — | 46.5% |
| Q4 25 | 29.3% | 9.0% | ||
| Q3 25 | 19.9% | 10.0% | ||
| Q2 25 | 18.9% | 10.0% | ||
| Q1 25 | -3.1% | 9.8% | ||
| Q4 24 | -1.4% | 13.4% | ||
| Q3 24 | -57.2% | 10.8% | ||
| Q2 24 | -32.8% | 8.8% | ||
| Q1 24 | -82.5% | 10.8% |
| Q4 25 | 32.3% | 2.2% | ||
| Q3 25 | 25.2% | 6.7% | ||
| Q2 25 | 22.6% | 4.1% | ||
| Q1 25 | 1.0% | 5.4% | ||
| Q4 24 | 26.5% | 10.9% | ||
| Q3 24 | -43.2% | 6.5% | ||
| Q2 24 | -20.2% | 4.8% | ||
| Q1 24 | -68.7% | 6.6% |
| Q4 25 | $0.37 | $0.24 | ||
| Q3 25 | $0.23 | $0.73 | ||
| Q2 25 | $0.22 | $0.44 | ||
| Q1 25 | $0.01 | $0.57 | ||
| Q4 24 | $0.23 | $1.20 | ||
| Q3 24 | $-0.31 | $0.67 | ||
| Q2 24 | $-0.13 | $0.48 | ||
| Q1 24 | $-0.43 | $0.68 |
貸借対照表と財務力
直近四半期の流動性・レバレッジ・純資産のスナップショット
| 指標 | | |
|---|---|---|
| 現金・短期投資手元流動性 | $1.5B | $180.0M |
| 総負債低いほど良い | $9.0B | $539.5M |
| 株主資本純資産 | $3.5B | $283.7M |
| 総資産 | $13.0B | $1.5B |
| 負債/資本比率低いほどレバレッジが低い | 2.54× | 1.90× |
8四半期トレンド — 暦四半期で整列
| Q4 25 | $1.5B | $180.0M | ||
| Q3 25 | $1.4B | $158.4M | ||
| Q2 25 | $1.4B | $145.9M | ||
| Q1 25 | $1.4B | $136.0M | ||
| Q4 24 | $1.2B | $161.8M | ||
| Q3 24 | $1.0B | $118.4M | ||
| Q2 24 | $1.0B | $110.4M | ||
| Q1 24 | $1.3B | $120.8M |
| Q4 25 | $9.0B | $539.5M | ||
| Q3 25 | $7.7B | $538.6M | ||
| Q2 25 | $7.6B | $537.8M | ||
| Q1 25 | $7.1B | $537.6M | ||
| Q4 24 | $7.3B | $538.5M | ||
| Q3 24 | — | $539.5M | ||
| Q2 24 | $1.8B | $540.5M | ||
| Q1 24 | — | $541.5M |
| Q4 25 | $3.5B | $283.7M | ||
| Q3 25 | $3.3B | $289.5M | ||
| Q2 25 | $3.1B | $290.7M | ||
| Q1 25 | $2.9B | $283.1M | ||
| Q4 24 | $2.8B | $282.6M | ||
| Q3 24 | $2.8B | $288.4M | ||
| Q2 24 | $2.7B | $273.3M | ||
| Q1 24 | $2.6B | $269.3M |
| Q4 25 | $13.0B | $1.5B | ||
| Q3 25 | $11.5B | $1.5B | ||
| Q2 25 | $11.2B | $1.4B | ||
| Q1 25 | $10.4B | $1.4B | ||
| Q4 24 | $10.5B | $1.5B | ||
| Q3 24 | $10.1B | $1.4B | ||
| Q2 24 | $9.5B | $1.4B | ||
| Q1 24 | $9.2B | $1.3B |
| Q4 25 | 2.54× | 1.90× | ||
| Q3 25 | 2.35× | 1.86× | ||
| Q2 25 | 2.48× | 1.85× | ||
| Q1 25 | 2.49× | 1.90× | ||
| Q4 24 | 2.62× | 1.91× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | 0.67× | 1.98× | ||
| Q1 24 | — | 2.01× |
キャッシュフローと資本効率
再投資後に実際に生み出すキャッシュ。純利益より操作が難しい
| 指標 | | |
|---|---|---|
| 営業キャッシュフロー直近四半期 | $173.7M | $59.2M |
| フリーキャッシュフロー営業CF - 設備投資 | $118.0M | $55.8M |
| FCFマージンFCF / 売上 | 29.4% | 17.3% |
| 設備投資強度設備投資 / 売上 | 13.9% | 1.1% |
| キャッシュ転換率営業CF / 純利益 | 1.34× | 8.46× |
| 直近12ヶ月FCF直近4四半期 | $619.1M | $141.4M |
8四半期トレンド — 暦四半期で整列
| Q4 25 | $173.7M | $59.2M | ||
| Q3 25 | $374.6M | $47.9M | ||
| Q2 25 | $74.6M | $37.3M | ||
| Q1 25 | $210.4M | $11.5M | ||
| Q4 24 | $312.0M | $82.5M | ||
| Q3 24 | $196.9M | $39.5M | ||
| Q2 24 | $68.8M | $43.1M | ||
| Q1 24 | $208.2M | $-29.4M |
| Q4 25 | $118.0M | $55.8M | ||
| Q3 25 | $320.2M | $43.9M | ||
| Q2 25 | $23.5M | $34.6M | ||
| Q1 25 | $157.4M | $7.1M | ||
| Q4 24 | $268.1M | $76.6M | ||
| Q3 24 | $152.7M | $32.0M | ||
| Q2 24 | $30.5M | $38.8M | ||
| Q1 24 | $161.7M | $-34.1M |
| Q4 25 | 29.4% | 17.3% | ||
| Q3 25 | 99.9% | 14.5% | ||
| Q2 25 | 7.7% | 11.6% | ||
| Q1 25 | 57.7% | 2.4% | ||
| Q4 24 | 88.5% | 24.2% | ||
| Q3 24 | 65.9% | 10.8% | ||
| Q2 24 | 13.6% | 13.4% | ||
| Q1 24 | 82.9% | -11.6% |
| Q4 25 | 13.9% | 1.1% | ||
| Q3 25 | 17.0% | 1.3% | ||
| Q2 25 | 16.7% | 0.9% | ||
| Q1 25 | 19.5% | 1.5% | ||
| Q4 24 | 14.5% | 1.9% | ||
| Q3 24 | 19.0% | 2.5% | ||
| Q2 24 | 17.1% | 1.5% | ||
| Q1 24 | 23.8% | 1.6% |
| Q4 25 | 1.34× | 8.46× | ||
| Q3 25 | 4.64× | 2.34× | ||
| Q2 25 | 1.08× | 3.04× | ||
| Q1 25 | 75.03× | 0.71× | ||
| Q4 24 | 3.88× | 2.39× | ||
| Q3 24 | — | 2.07× | ||
| Q2 24 | — | 3.12× | ||
| Q1 24 | — | -1.51× |
財務フロー比較
売上 → 粗利 → 営業利益 → 純利益のサンキー図
セグメント別売上内訳
AFRM
| Merchant Network | $328.4M | 82% |
| Virtual Card Network | $73.0M | 18% |
| Commercial Agreement Amazon | $1.9M | 0% |
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
