vs
Affirm Holdings, Inc.（AFRM）与AdvanSix Inc.（ASIX）财务数据对比。点击上方公司名可切换其他公司
Affirm Holdings, Inc.的季度营收约是AdvanSix Inc.的1.1倍（$401.4M vs $359.9M），Affirm Holdings, Inc.净利率更高（32.3% vs -0.8%，领先33.1%），Affirm Holdings, Inc.同比增速更快（32.5% vs 9.4%），Affirm Holdings, Inc.自由现金流更多（$118.0M vs $36.1M），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs 3.4%）
Affirm Holdings, Inc.是美国知名金融科技企业、领先的先买后付（BNPL）服务商，由PayPal联合创始人马克斯·列夫琴于2012年创立。截至2025年，平台拥有近2600万用户，年支付处理规模达370亿美元，是美国规模最大的本土BNPL金融机构。
AdvanSix Inc.是一家美国化工企业，主营尼龙6以及己内酰胺、硫酸铵肥料等相关化工产品。该公司原为霍尼韦尔旗下树脂与化工事业部，于2016年分拆独立，2019年预估营收达14亿美元，其企业历史可追溯至1884年在宾夕法尼亚州法兰克福成立的H. W. Jayne公司。
AFRM vs ASIX — 直观对比
营收规模更大
AFRM
是对方的1.1倍
$359.9M
营收增速更快
AFRM
高出23.1%
9.4%
净利率更高
AFRM
高出33.1%
-0.8%
自由现金流更多
AFRM
多$81.9M
$36.1M
两年增速更快
AFRM
近两年复合增速
3.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $359.9M |
| 净利润 | $129.6M | $-2.8M |
| 毛利率 | — | 7.6% |
| 营业利润率 | 29.3% | -0.7% |
| 净利率 | 32.3% | -0.8% |
| 营收同比 | 32.5% | 9.4% |
| 净利润同比 | 61.3% | -892.9% |
| 每股收益（稀释后） | $0.37 | $-0.11 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AFRMASIX
| Q4 25 | $401.4M | $359.9M | ||
| Q3 25 | $320.5M | $374.5M | ||
| Q2 25 | $306.6M | $410.0M | ||
| Q1 25 | $272.5M | $377.8M | ||
| Q4 24 | $303.0M | $329.1M | ||
| Q3 24 | $231.8M | $398.2M | ||
| Q2 24 | $224.0M | $453.5M | ||
| Q1 24 | $195.0M | $336.8M |
净利润AFRMASIX
| Q4 25 | $129.6M | $-2.8M | ||
| Q3 25 | $80.7M | $-2.6M | ||
| Q2 25 | $69.2M | $31.4M | ||
| Q1 25 | $2.8M | $23.3M | ||
| Q4 24 | $80.4M | $352.0K | ||
| Q3 24 | $-100.2M | $22.3M | ||
| Q2 24 | $-45.1M | $38.9M | ||
| Q1 24 | $-133.9M | $-17.4M |
毛利率AFRMASIX
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | — | 17.9% | ||
| Q1 24 | — | 0.9% |
营业利润率AFRMASIX
| Q4 25 | 29.3% | -0.7% | ||
| Q3 25 | 19.9% | -0.9% | ||
| Q2 25 | 18.9% | 7.7% | ||
| Q1 25 | -3.1% | 7.7% | ||
| Q4 24 | -1.4% | -3.9% | ||
| Q3 24 | -57.2% | 7.5% | ||
| Q2 24 | -32.8% | 11.5% | ||
| Q1 24 | -82.5% | -7.0% |
净利率AFRMASIX
| Q4 25 | 32.3% | -0.8% | ||
| Q3 25 | 25.2% | -0.7% | ||
| Q2 25 | 22.6% | 7.7% | ||
| Q1 25 | 1.0% | 6.2% | ||
| Q4 24 | 26.5% | 0.1% | ||
| Q3 24 | -43.2% | 5.6% | ||
| Q2 24 | -20.2% | 8.6% | ||
| Q1 24 | -68.7% | -5.2% |
每股收益（稀释后）AFRMASIX
| Q4 25 | $0.37 | $-0.11 | ||
| Q3 25 | $0.23 | $-0.10 | ||
| Q2 25 | $0.22 | $1.15 | ||
| Q1 25 | $0.01 | $0.86 | ||
| Q4 24 | $0.23 | $0.02 | ||
| Q3 24 | $-0.31 | $0.82 | ||
| Q2 24 | $-0.13 | $1.43 | ||
| Q1 24 | $-0.43 | $-0.65 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.5B | $19.8M |
| 总债务越低越好 | $9.0B | — |
| 股东权益账面价值 | $3.5B | $815.2M |
| 总资产 | $13.0B | $1.7B |
| 负债/权益比越低杠杆越低 | 2.54× | — |
8季度趋势，按日历期对齐
现金及短期投资AFRMASIX
| Q4 25 | $1.5B | $19.8M | ||
| Q3 25 | $1.4B | $23.7M | ||
| Q2 25 | $1.4B | $18.4M | ||
| Q1 25 | $1.4B | $8.3M | ||
| Q4 24 | $1.2B | $19.6M | ||
| Q3 24 | $1.0B | $17.3M | ||
| Q2 24 | $1.0B | $12.1M | ||
| Q1 24 | $1.3B | $20.6M |
总债务AFRMASIX
| Q4 25 | $9.0B | — | ||
| Q3 25 | $7.7B | — | ||
| Q2 25 | $7.6B | — | ||
| Q1 25 | $7.1B | — | ||
| Q4 24 | $7.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | — | — |
股东权益AFRMASIX
| Q4 25 | $3.5B | $815.2M | ||
| Q3 25 | $3.3B | $818.2M | ||
| Q2 25 | $3.1B | $823.7M | ||
| Q1 25 | $2.9B | $794.4M | ||
| Q4 24 | $2.8B | $774.6M | ||
| Q3 24 | $2.8B | $766.4M | ||
| Q2 24 | $2.7B | $746.6M | ||
| Q1 24 | $2.6B | $713.2M |
总资产AFRMASIX
| Q4 25 | $13.0B | $1.7B | ||
| Q3 25 | $11.5B | $1.7B | ||
| Q2 25 | $11.2B | $1.6B | ||
| Q1 25 | $10.4B | $1.6B | ||
| Q4 24 | $10.5B | $1.6B | ||
| Q3 24 | $10.1B | $1.5B | ||
| Q2 24 | $9.5B | $1.5B | ||
| Q1 24 | $9.2B | $1.5B |
负债/权益比AFRMASIX
| Q4 25 | 2.54× | — | ||
| Q3 25 | 2.35× | — | ||
| Q2 25 | 2.48× | — | ||
| Q1 25 | 2.49× | — | ||
| Q4 24 | 2.62× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.67× | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $173.7M | $63.7M |
| 自由现金流经营现金流 - 资本支出 | $118.0M | $36.1M |
| 自由现金流率自由现金流/营收 | 29.4% | 10.0% |
| 资本支出强度资本支出/营收 | 13.9% | 7.7% |
| 现金转化率经营现金流/净利润 | 1.34× | — |
| 过去12个月自由现金流最近4个季度 | $619.1M | $6.4M |
8季度趋势，按日历期对齐
经营现金流AFRMASIX
| Q4 25 | $173.7M | $63.7M | ||
| Q3 25 | $374.6M | $26.6M | ||
| Q2 25 | $74.6M | $21.1M | ||
| Q1 25 | $210.4M | $11.4M | ||
| Q4 24 | $312.0M | $64.2M | ||
| Q3 24 | $196.9M | $57.3M | ||
| Q2 24 | $68.8M | $50.2M | ||
| Q1 24 | $208.2M | $-36.2M |
自由现金流AFRMASIX
| Q4 25 | $118.0M | $36.1M | ||
| Q3 25 | $320.2M | $66.0K | ||
| Q2 25 | $23.5M | $-7.2M | ||
| Q1 25 | $157.4M | $-22.6M | ||
| Q4 24 | $268.1M | $29.8M | ||
| Q3 24 | $152.7M | $26.8M | ||
| Q2 24 | $30.5M | $16.7M | ||
| Q1 24 | $161.7M | $-71.6M |
自由现金流率AFRMASIX
| Q4 25 | 29.4% | 10.0% | ||
| Q3 25 | 99.9% | 0.0% | ||
| Q2 25 | 7.7% | -1.7% | ||
| Q1 25 | 57.7% | -6.0% | ||
| Q4 24 | 88.5% | 9.1% | ||
| Q3 24 | 65.9% | 6.7% | ||
| Q2 24 | 13.6% | 3.7% | ||
| Q1 24 | 82.9% | -21.3% |
资本支出强度AFRMASIX
| Q4 25 | 13.9% | 7.7% | ||
| Q3 25 | 17.0% | 7.1% | ||
| Q2 25 | 16.7% | 6.9% | ||
| Q1 25 | 19.5% | 9.0% | ||
| Q4 24 | 14.5% | 10.4% | ||
| Q3 24 | 19.0% | 7.7% | ||
| Q2 24 | 17.1% | 7.4% | ||
| Q1 24 | 23.8% | 10.5% |
现金转化率AFRMASIX
| Q4 25 | 1.34× | — | ||
| Q3 25 | 4.64× | — | ||
| Q2 25 | 1.08× | 0.67× | ||
| Q1 25 | 75.03× | 0.49× | ||
| Q4 24 | 3.88× | 182.29× | ||
| Q3 24 | — | 2.57× | ||
| Q2 24 | — | 1.29× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AFRM
| Merchant Network | $328.4M | 82% |
| Virtual Card Network | $73.0M | 18% |
| Commercial Agreement Amazon | $1.9M | 0% |
ASIX
| Plant Nutrients | $140.0M | 39% |
| Chemical Intermediates | $92.8M | 26% |
| Caprolactam | $64.4M | 18% |
| Nylon Resins | $62.8M | 17% |
