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Affirm Holdings, Inc.（AFRM）とCSW INDUSTRIALS, INC.（CSW）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 $233.0M、CSW INDUSTRIALS, INC.の約1.7倍）。Affirm Holdings, Inc.の純利益率が高く（32.3% vs 4.4%、差は27.9%）。Affirm Holdings, Inc.の前年同期比売上増加率が高い（32.5% vs 20.3%）。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 $22.7M）。過去8四半期でAffirm Holdings, Inc.の売上複合成長率が高い（43.5% vs 5.1%）
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。
AFRM vs CSW — 直接比較
売上が大きい
AFRM
1.7倍大きい
$233.0M
売上成長率が高い
AFRM
+12.1%の差
20.3%
純利益率が高い
AFRM
純利益率が27.9%高い
4.4%
フリーキャッシュフローが多い
AFRM
FCF $95.3M多い
$22.7M
2年売上CAGRが高い
AFRM
2年複合成長率
5.1%
損益計算書 — Q2 FY2026 vs Q3 FY2026
| 指標 | | |
|---|---|---|
| 売上 | $401.4M | $233.0M |
| 純利益 | $129.6M | $10.3M |
| 粗利率 | — | 39.7% |
| 営業利益率 | 29.3% | 7.4% |
| 純利益率 | 32.3% | 4.4% |
| 売上前年比 | 32.5% | 20.3% |
| 純利益前年比 | 61.3% | -61.9% |
| EPS（希薄化後） | $0.37 | $0.62 |
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
売上AFRMCSW
| Q4 25 | $401.4M | $233.0M | ||
| Q3 25 | $320.5M | $277.0M | ||
| Q2 25 | $306.6M | $263.6M | ||
| Q1 25 | $272.5M | $230.5M | ||
| Q4 24 | $303.0M | $193.6M | ||
| Q3 24 | $231.8M | $227.9M | ||
| Q2 24 | $224.0M | $226.2M | ||
| Q1 24 | $195.0M | $210.9M |
純利益AFRMCSW
| Q4 25 | $129.6M | $10.3M | ||
| Q3 25 | $80.7M | $40.7M | ||
| Q2 25 | $69.2M | $40.9M | ||
| Q1 25 | $2.8M | $35.1M | ||
| Q4 24 | $80.4M | $26.9M | ||
| Q3 24 | $-100.2M | $36.1M | ||
| Q2 24 | $-45.1M | $38.6M | ||
| Q1 24 | $-133.9M | $31.8M |
粗利率AFRMCSW
| Q4 25 | — | 39.7% | ||
| Q3 25 | — | 43.0% | ||
| Q2 25 | — | 43.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 45.6% | ||
| Q2 24 | — | 47.5% | ||
| Q1 24 | — | 44.4% |
営業利益率AFRMCSW
| Q4 25 | 29.3% | 7.4% | ||
| Q3 25 | 19.9% | 20.5% | ||
| Q2 25 | 18.9% | 20.8% | ||
| Q1 25 | -3.1% | 19.5% | ||
| Q4 24 | -1.4% | 15.3% | ||
| Q3 24 | -57.2% | 22.6% | ||
| Q2 24 | -32.8% | 24.3% | ||
| Q1 24 | -82.5% | 21.0% |
純利益率AFRMCSW
| Q4 25 | 32.3% | 4.4% | ||
| Q3 25 | 25.2% | 14.7% | ||
| Q2 25 | 22.6% | 15.5% | ||
| Q1 25 | 1.0% | 15.2% | ||
| Q4 24 | 26.5% | 13.9% | ||
| Q3 24 | -43.2% | 15.8% | ||
| Q2 24 | -20.2% | 17.1% | ||
| Q1 24 | -68.7% | 15.1% |
EPS（希薄化後）AFRMCSW
| Q4 25 | $0.37 | $0.62 | ||
| Q3 25 | $0.23 | $2.41 | ||
| Q2 25 | $0.22 | $2.43 | ||
| Q1 25 | $0.01 | $2.05 | ||
| Q4 24 | $0.23 | $1.60 | ||
| Q3 24 | $-0.31 | $2.26 | ||
| Q2 24 | $-0.13 | $2.47 | ||
| Q1 24 | $-0.43 | $2.03 |
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 | $40.2M |
| 総負債低いほど良い | $9.0B | — |
| 株主資本純資産 | $3.5B | $1.1B |
| 総資産 | $13.0B | $2.3B |
| 負債/資本比率低いほどレバレッジが低い | 2.54× | — |
8四半期トレンド — 暦四半期で整列
現金・短期投資AFRMCSW
| Q4 25 | $1.5B | $40.2M | ||
| Q3 25 | $1.4B | $31.5M | ||
| Q2 25 | $1.4B | $38.0M | ||
| Q1 25 | $1.4B | $225.8M | ||
| Q4 24 | $1.2B | $213.8M | ||
| Q3 24 | $1.0B | $273.2M | ||
| Q2 24 | $1.0B | $18.9M | ||
| Q1 24 | $1.3B | $22.2M |
総負債AFRMCSW
| Q4 25 | $9.0B | — | ||
| Q3 25 | $7.7B | — | ||
| Q2 25 | $7.6B | — | ||
| Q1 25 | $7.1B | $800.1M | ||
| Q4 24 | $7.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | — | $166.0M |
株主資本AFRMCSW
| Q4 25 | $3.5B | $1.1B | ||
| Q3 25 | $3.3B | $1.1B | ||
| Q2 25 | $3.1B | $1.1B | ||
| Q1 25 | $2.9B | $1.1B | ||
| Q4 24 | $2.8B | $1.0B | ||
| Q3 24 | $2.8B | $1.0B | ||
| Q2 24 | $2.7B | $650.2M | ||
| Q1 24 | $2.6B | $615.7M |
総資産AFRMCSW
| Q4 25 | $13.0B | $2.3B | ||
| Q3 25 | $11.5B | $1.5B | ||
| Q2 25 | $11.2B | $1.5B | ||
| Q1 25 | $10.4B | $1.4B | ||
| Q4 24 | $10.5B | $1.4B | ||
| Q3 24 | $10.1B | $1.4B | ||
| Q2 24 | $9.5B | $1.1B | ||
| Q1 24 | $9.2B | $1.0B |
負債/資本比率AFRMCSW
| Q4 25 | 2.54× | — | ||
| Q3 25 | 2.35× | — | ||
| Q2 25 | 2.48× | — | ||
| Q1 25 | 2.49× | 0.75× | ||
| Q4 24 | 2.62× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.67× | — | ||
| Q1 24 | — | 0.27× |
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 | $28.9M |
| フリーキャッシュフロー営業CF - 設備投資 | $118.0M | $22.7M |
| FCFマージンFCF / 売上 | 29.4% | 9.8% |
| 設備投資強度設備投資 / 売上 | 13.9% | 2.6% |
| キャッシュ転換率営業CF / 純利益 | 1.34× | 2.81× |
| 直近12ヶ月FCF直近4四半期 | $619.1M | $162.0M |
8四半期トレンド — 暦四半期で整列
営業キャッシュフローAFRMCSW
| Q4 25 | $173.7M | $28.9M | ||
| Q3 25 | $374.6M | $61.8M | ||
| Q2 25 | $74.6M | $60.6M | ||
| Q1 25 | $210.4M | $27.3M | ||
| Q4 24 | $312.0M | $11.6M | ||
| Q3 24 | $196.9M | $66.8M | ||
| Q2 24 | $68.8M | $62.7M | ||
| Q1 24 | $208.2M | $22.4M |
フリーキャッシュフローAFRMCSW
| Q4 25 | $118.0M | $22.7M | ||
| Q3 25 | $320.2M | $58.7M | ||
| Q2 25 | $23.5M | $57.7M | ||
| Q1 25 | $157.4M | $22.8M | ||
| Q4 24 | $268.1M | $8.5M | ||
| Q3 24 | $152.7M | $61.3M | ||
| Q2 24 | $30.5M | $59.6M | ||
| Q1 24 | $161.7M | $17.5M |
FCFマージンAFRMCSW
| Q4 25 | 29.4% | 9.8% | ||
| Q3 25 | 99.9% | 21.2% | ||
| Q2 25 | 7.7% | 21.9% | ||
| Q1 25 | 57.7% | 9.9% | ||
| Q4 24 | 88.5% | 4.4% | ||
| Q3 24 | 65.9% | 26.9% | ||
| Q2 24 | 13.6% | 26.3% | ||
| Q1 24 | 82.9% | 8.3% |
設備投資強度AFRMCSW
| Q4 25 | 13.9% | 2.6% | ||
| Q3 25 | 17.0% | 1.1% | ||
| Q2 25 | 16.7% | 1.1% | ||
| Q1 25 | 19.5% | 2.0% | ||
| Q4 24 | 14.5% | 1.6% | ||
| Q3 24 | 19.0% | 2.4% | ||
| Q2 24 | 17.1% | 1.4% | ||
| Q1 24 | 23.8% | 2.3% |
キャッシュ転換率AFRMCSW
| Q4 25 | 1.34× | 2.81× | ||
| Q3 25 | 4.64× | 1.52× | ||
| Q2 25 | 1.08× | 1.48× | ||
| Q1 25 | 75.03× | 0.78× | ||
| Q4 24 | 3.88× | 0.43× | ||
| Q3 24 | — | 1.85× | ||
| Q2 24 | — | 1.62× | ||
| Q1 24 | — | 0.71× |
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% |
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
