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Affirm Holdings, Inc.（AFRM）とONESPAWORLD HOLDINGS Ltd（OSW）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 $242.1M、ONESPAWORLD HOLDINGS Ltdの約1.7倍）。Affirm Holdings, Inc.の純利益率が高く（32.3% vs 5.0%、差は27.3%）。Affirm Holdings, Inc.の前年同期比売上増加率が高い（32.5% vs 11.5%）。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 $14.9M）。過去8四半期でAffirm Holdings, Inc.の売上複合成長率が高い（43.5% vs 7.1%）
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 OSW — 直接比較
売上が大きい
AFRM
1.7倍大きい
$242.1M
売上成長率が高い
AFRM
+21.0%の差
11.5%
純利益率が高い
AFRM
純利益率が27.3%高い
5.0%
フリーキャッシュフローが多い
AFRM
FCF $103.1M多い
$14.9M
2年売上CAGRが高い
AFRM
2年複合成長率
7.1%
損益計算書 — Q2 FY2026 vs Q4 FY2025
| 指標 | | |
|---|---|---|
| 売上 | $401.4M | $242.1M |
| 純利益 | $129.6M | $12.1M |
| 粗利率 | — | — |
| 営業利益率 | 29.3% | 6.8% |
| 純利益率 | 32.3% | 5.0% |
| 売上前年比 | 32.5% | 11.5% |
| 純利益前年比 | 61.3% | -16.2% |
| EPS（希薄化後） | $0.37 | $0.12 |
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AFRMOSW
| Q4 25 | $401.4M | $242.1M | ||
| Q3 25 | $320.5M | $258.5M | ||
| Q2 25 | $306.6M | $240.7M | ||
| Q1 25 | $272.5M | $219.6M | ||
| Q4 24 | $303.0M | $217.2M | ||
| Q3 24 | $231.8M | $241.7M | ||
| Q2 24 | $224.0M | $224.9M | ||
| Q1 24 | $195.0M | $211.2M |
純利益AFRMOSW
| Q4 25 | $129.6M | $12.1M | ||
| Q3 25 | $80.7M | $24.3M | ||
| Q2 25 | $69.2M | $19.9M | ||
| Q1 25 | $2.8M | $15.3M | ||
| Q4 24 | $80.4M | $14.4M | ||
| Q3 24 | $-100.2M | $21.6M | ||
| Q2 24 | $-45.1M | $15.8M | ||
| Q1 24 | $-133.9M | $21.2M |
営業利益率AFRMOSW
| Q4 25 | 29.3% | 6.8% | ||
| Q3 25 | 19.9% | 10.2% | ||
| Q2 25 | 18.9% | 9.2% | ||
| Q1 25 | -3.1% | 7.7% | ||
| Q4 24 | -1.4% | 7.9% | ||
| Q3 24 | -57.2% | 10.3% | ||
| Q2 24 | -32.8% | 8.4% | ||
| Q1 24 | -82.5% | 8.0% |
純利益率AFRMOSW
| Q4 25 | 32.3% | 5.0% | ||
| Q3 25 | 25.2% | 9.4% | ||
| Q2 25 | 22.6% | 8.3% | ||
| Q1 25 | 1.0% | 7.0% | ||
| Q4 24 | 26.5% | 6.6% | ||
| Q3 24 | -43.2% | 8.9% | ||
| Q2 24 | -20.2% | 7.0% | ||
| Q1 24 | -68.7% | 10.0% |
EPS（希薄化後）AFRMOSW
| Q4 25 | $0.37 | $0.12 | ||
| Q3 25 | $0.23 | $0.23 | ||
| Q2 25 | $0.22 | $0.19 | ||
| Q1 25 | $0.01 | $0.15 | ||
| Q4 24 | $0.23 | $0.13 | ||
| Q3 24 | $-0.31 | $0.20 | ||
| Q2 24 | $-0.13 | $0.15 | ||
| Q1 24 | $-0.43 | $0.21 |
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 | $16.3M |
| 総負債低いほど良い | $9.0B | $84.0M |
| 株主資本純資産 | $3.5B | $542.6M |
| 総資産 | $13.0B | $707.1M |
| 負債/資本比率低いほどレバレッジが低い | 2.54× | 0.15× |
8四半期トレンド — 暦四半期で整列
現金・短期投資AFRMOSW
| Q4 25 | $1.5B | $16.3M | ||
| Q3 25 | $1.4B | $29.6M | ||
| Q2 25 | $1.4B | $35.0M | ||
| Q1 25 | $1.4B | $22.6M | ||
| Q4 24 | $1.2B | $57.4M | ||
| Q3 24 | $1.0B | $48.8M | ||
| Q2 24 | $1.0B | $62.5M | ||
| Q1 24 | $1.3B | $65.4M |
総負債AFRMOSW
| Q4 25 | $9.0B | $84.0M | ||
| Q3 25 | $7.7B | $85.2M | ||
| Q2 25 | $7.6B | $96.2M | ||
| Q1 25 | $7.1B | $97.4M | ||
| Q4 24 | $7.3B | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | $1.8B | $123.8M | ||
| Q1 24 | — | $138.6M |
株主資本AFRMOSW
| Q4 25 | $3.5B | $542.6M | ||
| Q3 25 | $3.3B | $552.8M | ||
| Q2 25 | $3.1B | $548.3M | ||
| Q1 25 | $2.9B | $530.6M | ||
| Q4 24 | $2.8B | $554.5M | ||
| Q3 24 | $2.8B | $540.1M | ||
| Q2 24 | $2.7B | $532.7M | ||
| Q1 24 | $2.6B | $515.5M |
総資産AFRMOSW
| Q4 25 | $13.0B | $707.1M | ||
| Q3 25 | $11.5B | $732.6M | ||
| Q2 25 | $11.2B | $731.8M | ||
| Q1 25 | $10.4B | $708.7M | ||
| Q4 24 | $10.5B | $746.4M | ||
| Q3 24 | $10.1B | $734.0M | ||
| Q2 24 | $9.5B | $756.8M | ||
| Q1 24 | $9.2B | $763.6M |
負債/資本比率AFRMOSW
| Q4 25 | 2.54× | 0.15× | ||
| Q3 25 | 2.35× | 0.15× | ||
| Q2 25 | 2.48× | 0.18× | ||
| Q1 25 | 2.49× | 0.18× | ||
| Q4 24 | 2.62× | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | 0.67× | 0.23× | ||
| 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 | $20.0M |
| フリーキャッシュフロー営業CF - 設備投資 | $118.0M | $14.9M |
| FCFマージンFCF / 売上 | 29.4% | 6.2% |
| 設備投資強度設備投資 / 売上 | 13.9% | 2.1% |
| キャッシュ転換率営業CF / 純利益 | 1.34× | 1.65× |
| 直近12ヶ月FCF直近4四半期 | $619.1M | $68.4M |
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AFRMOSW
| Q4 25 | $173.7M | $20.0M | ||
| Q3 25 | $374.6M | $33.2M | ||
| Q2 25 | $74.6M | $20.3M | ||
| Q1 25 | $210.4M | $10.1M | ||
| Q4 24 | $312.0M | $16.6M | ||
| Q3 24 | $196.9M | $28.6M | ||
| Q2 24 | $68.8M | $18.7M | ||
| Q1 24 | $208.2M | $15.0M |
フリーキャッシュフローAFRMOSW
| Q4 25 | $118.0M | $14.9M | ||
| Q3 25 | $320.2M | $27.6M | ||
| Q2 25 | $23.5M | $17.6M | ||
| Q1 25 | $157.4M | $8.4M | ||
| Q4 24 | $268.1M | $13.2M | ||
| Q3 24 | $152.7M | $27.5M | ||
| Q2 24 | $30.5M | $17.6M | ||
| Q1 24 | $161.7M | $13.7M |
FCFマージンAFRMOSW
| Q4 25 | 29.4% | 6.2% | ||
| Q3 25 | 99.9% | 10.7% | ||
| Q2 25 | 7.7% | 7.3% | ||
| Q1 25 | 57.7% | 3.8% | ||
| Q4 24 | 88.5% | 6.1% | ||
| Q3 24 | 65.9% | 11.4% | ||
| Q2 24 | 13.6% | 7.8% | ||
| Q1 24 | 82.9% | 6.5% |
設備投資強度AFRMOSW
| Q4 25 | 13.9% | 2.1% | ||
| Q3 25 | 17.0% | 2.2% | ||
| Q2 25 | 16.7% | 1.1% | ||
| Q1 25 | 19.5% | 0.8% | ||
| Q4 24 | 14.5% | 1.5% | ||
| Q3 24 | 19.0% | 0.5% | ||
| Q2 24 | 17.1% | 0.5% | ||
| Q1 24 | 23.8% | 0.6% |
キャッシュ転換率AFRMOSW
| Q4 25 | 1.34× | 1.65× | ||
| Q3 25 | 4.64× | 1.36× | ||
| Q2 25 | 1.08× | 1.02× | ||
| Q1 25 | 75.03× | 0.66× | ||
| Q4 24 | 3.88× | 1.15× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.19× | ||
| 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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
