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Affirm Holdings, Inc.（AFRM）与ASTEC INDUSTRIES INC（ASTE）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ASTEC INDUSTRIES INC的1.0倍（$401.4M vs $396.3M），Affirm Holdings, Inc.净利率更高（32.3% vs 0.3%，领先32.0%），Affirm Holdings, Inc.同比增速更快（32.5% vs 20.3%），Affirm Holdings, Inc.自由现金流更多（$118.0M vs $32.6M），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs 7.1%）
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。
ASTEC是一家国际电子企业，原总部设于香港，主营电源供应装置与电力转换硬件产品，是全球计算机系统电源的主要供应商之一，曾一度是全球规模最大的电源生产商。
AFRM vs ASTE — 直观对比
营收规模更大
AFRM
是对方的1.0倍
$396.3M
营收增速更快
AFRM
高出12.2%
20.3%
净利率更高
AFRM
高出32.0%
0.3%
自由现金流更多
AFRM
多$85.4M
$32.6M
两年增速更快
AFRM
近两年复合增速
7.1%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $396.3M |
| 净利润 | $129.6M | $1.3M |
| 毛利率 | — | 25.0% |
| 营业利润率 | 29.3% | 2.3% |
| 净利率 | 32.3% | 0.3% |
| 营收同比 | 32.5% | 20.3% |
| 净利润同比 | 61.3% | — |
| 每股收益（稀释后） | $0.37 | $0.06 |
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AFRMASTE
| Q1 26 | — | $396.3M | ||
| Q4 25 | $401.4M | $400.6M | ||
| Q3 25 | $320.5M | $350.1M | ||
| Q2 25 | $306.6M | $330.3M | ||
| Q1 25 | $272.5M | $329.4M | ||
| Q4 24 | $303.0M | $359.0M | ||
| Q3 24 | $231.8M | $291.4M | ||
| Q2 24 | $224.0M | $345.5M |
净利润AFRMASTE
| Q1 26 | — | $1.3M | ||
| Q4 25 | $129.6M | $12.0M | ||
| Q3 25 | $80.7M | $-4.2M | ||
| Q2 25 | $69.2M | $16.7M | ||
| Q1 25 | $2.8M | $14.3M | ||
| Q4 24 | $80.4M | $21.1M | ||
| Q3 24 | $-100.2M | $-6.2M | ||
| Q2 24 | $-45.1M | $-14.0M |
毛利率AFRMASTE
| Q1 26 | — | 25.0% | ||
| Q4 25 | — | 27.3% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 26.7% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 22.9% | ||
| Q2 24 | — | 23.5% |
营业利润率AFRMASTE
| Q1 26 | — | 2.3% | ||
| Q4 25 | 29.3% | 5.7% | ||
| Q3 25 | 19.9% | 0.3% | ||
| Q2 25 | 18.9% | 6.5% | ||
| Q1 25 | -3.1% | 6.2% | ||
| Q4 24 | -1.4% | 9.7% | ||
| Q3 24 | -57.2% | -2.5% | ||
| Q2 24 | -32.8% | -3.1% |
净利率AFRMASTE
| Q1 26 | — | 0.3% | ||
| Q4 25 | 32.3% | 3.0% | ||
| Q3 25 | 25.2% | -1.2% | ||
| Q2 25 | 22.6% | 5.1% | ||
| Q1 25 | 1.0% | 4.3% | ||
| Q4 24 | 26.5% | 5.9% | ||
| Q3 24 | -43.2% | -2.1% | ||
| Q2 24 | -20.2% | -4.1% |
每股收益（稀释后）AFRMASTE
| Q1 26 | — | $0.06 | ||
| Q4 25 | $0.37 | $0.52 | ||
| Q3 25 | $0.23 | $-0.18 | ||
| Q2 25 | $0.22 | $0.72 | ||
| Q1 25 | $0.01 | $0.62 | ||
| Q4 24 | $0.23 | $0.92 | ||
| Q3 24 | $-0.31 | $-0.27 | ||
| Q2 24 | $-0.13 | $-0.61 |
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 | — |
| 总债务越低越好 | $9.0B | $365.5M |
| 股东权益账面价值 | $3.5B | $678.1M |
| 总资产 | $13.0B | $1.4B |
| 负债/权益比越低杠杆越低 | 2.54× | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资AFRMASTE
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $74.1M | ||
| Q3 25 | $1.4B | $71.8M | ||
| Q2 25 | $1.4B | $91.6M | ||
| Q1 25 | $1.4B | $95.4M | ||
| Q4 24 | $1.2B | $93.8M | ||
| Q3 24 | $1.0B | $58.9M | ||
| Q2 24 | $1.0B | $68.4M |
总债务AFRMASTE
| Q1 26 | — | $365.5M | ||
| 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 | — |
股东权益AFRMASTE
| Q1 26 | — | $678.1M | ||
| Q4 25 | $3.5B | $681.7M | ||
| Q3 25 | $3.3B | $668.9M | ||
| Q2 25 | $3.1B | $674.9M | ||
| Q1 25 | $2.9B | $653.2M | ||
| Q4 24 | $2.8B | $637.8M | ||
| Q3 24 | $2.8B | $631.4M | ||
| Q2 24 | $2.7B | $633.3M |
总资产AFRMASTE
| Q1 26 | — | $1.4B | ||
| Q4 25 | $13.0B | $1.4B | ||
| Q3 25 | $11.5B | $1.3B | ||
| Q2 25 | $11.2B | $1.1B | ||
| Q1 25 | $10.4B | $1.1B | ||
| Q4 24 | $10.5B | $1.0B | ||
| Q3 24 | $10.1B | $1.1B | ||
| Q2 24 | $9.5B | $1.1B |
负债/权益比AFRMASTE
| Q1 26 | — | 0.54× | ||
| 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× | — |
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 | $20.7M |
| 自由现金流经营现金流 - 资本支出 | $118.0M | $32.6M |
| 自由现金流率自由现金流/营收 | 29.4% | 8.2% |
| 资本支出强度资本支出/营收 | 13.9% | — |
| 现金转化率经营现金流/净利润 | 1.34× | 15.92× |
| 过去12个月自由现金流最近4个季度 | $619.1M | $36.7M |
8季度趋势，按日历期对齐
经营现金流AFRMASTE
| Q1 26 | — | $20.7M | ||
| Q4 25 | $173.7M | $36.1M | ||
| Q3 25 | $374.6M | $-8.1M | ||
| Q2 25 | $74.6M | $12.9M | ||
| Q1 25 | $210.4M | $20.5M | ||
| Q4 24 | $312.0M | $36.6M | ||
| Q3 24 | $196.9M | $22.5M | ||
| Q2 24 | $68.8M | $10.9M |
自由现金流AFRMASTE
| Q1 26 | — | $32.6M | ||
| Q4 25 | $118.0M | $7.4M | ||
| Q3 25 | $320.2M | $-12.3M | ||
| Q2 25 | $23.5M | $9.0M | ||
| Q1 25 | $157.4M | $16.6M | ||
| Q4 24 | $268.1M | $32.1M | ||
| Q3 24 | $152.7M | $19.9M | ||
| Q2 24 | $30.5M | $3.3M |
自由现金流率AFRMASTE
| Q1 26 | — | 8.2% | ||
| Q4 25 | 29.4% | 1.8% | ||
| Q3 25 | 99.9% | -3.5% | ||
| Q2 25 | 7.7% | 2.7% | ||
| Q1 25 | 57.7% | 5.0% | ||
| Q4 24 | 88.5% | 8.9% | ||
| Q3 24 | 65.9% | 6.8% | ||
| Q2 24 | 13.6% | 1.0% |
资本支出强度AFRMASTE
| Q1 26 | — | — | ||
| Q4 25 | 13.9% | 7.2% | ||
| Q3 25 | 17.0% | 1.2% | ||
| Q2 25 | 16.7% | 1.2% | ||
| Q1 25 | 19.5% | 1.2% | ||
| Q4 24 | 14.5% | 1.3% | ||
| Q3 24 | 19.0% | 0.9% | ||
| Q2 24 | 17.1% | 2.2% |
现金转化率AFRMASTE
| Q1 26 | — | 15.92× | ||
| Q4 25 | 1.34× | 3.01× | ||
| Q3 25 | 4.64× | — | ||
| Q2 25 | 1.08× | 0.77× | ||
| Q1 25 | 75.03× | 1.43× | ||
| Q4 24 | 3.88× | 1.73× | ||
| Q3 24 | — | — | ||
| Q2 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% |
ASTE
| Infrastructure Solutions | $237.0M | 60% |
| Materials Solutions | $159.3M | 40% |
