vs
Affirm Holdings, Inc.（AFRM）与Axon Enterprise（AXON）财务数据对比。点击上方公司名可切换其他公司
Axon Enterprise的季度营收约是Affirm Holdings, Inc.的2.0倍（$807.3M vs $401.4M），Affirm Holdings, Inc.净利率更高（32.3% vs 21.0%，领先11.3%），Axon Enterprise同比增速更快（33.7% vs 32.5%），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs 26.6%）
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。
Axon Enterprise是总部位于美国亚利桑那州斯科茨代尔的企业，面向军队、执法部门及民用市场开发各类武器装备与相关技术产品，业务覆盖公共安全、国防及民用消费等多个领域，为不同用户群体提供适配的产品解决方案。
AFRM vs AXON — 直观对比
营收规模更大
AXON
是对方的2.0倍
$401.4M
营收增速更快
AXON
高出1.3%
32.5%
净利率更高
AFRM
高出11.3%
21.0%
两年增速更快
AFRM
近两年复合增速
26.6%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $807.3M |
| 净利润 | $129.6M | $169.3M |
| 毛利率 | — | 59.1% |
| 营业利润率 | 29.3% | 44.5% |
| 净利率 | 32.3% | 21.0% |
| 营收同比 | 32.5% | 33.7% |
| 净利润同比 | 61.3% | — |
| 每股收益（稀释后） | $0.37 | $2.05 |
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AFRMAXON
| Q1 26 | — | $807.3M | ||
| Q4 25 | $401.4M | $796.7M | ||
| Q3 25 | $320.5M | $710.6M | ||
| Q2 25 | $306.6M | $668.5M | ||
| Q1 25 | $272.5M | $603.6M | ||
| Q4 24 | $303.0M | $573.4M | ||
| Q3 24 | $231.8M | $544.3M | ||
| Q2 24 | $224.0M | $504.1M |
净利润AFRMAXON
| Q1 26 | — | $169.3M | ||
| Q4 25 | $129.6M | $2.7M | ||
| Q3 25 | $80.7M | $-2.2M | ||
| Q2 25 | $69.2M | $36.1M | ||
| Q1 25 | $2.8M | $88.0M | ||
| Q4 24 | $80.4M | $136.0M | ||
| Q3 24 | $-100.2M | $67.0M | ||
| Q2 24 | $-45.1M | $40.8M |
毛利率AFRMAXON
| Q1 26 | — | 59.1% | ||
| Q4 25 | — | 57.9% | ||
| Q3 25 | — | 60.1% | ||
| Q2 25 | — | 60.4% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 60.5% | ||
| Q3 24 | — | 60.8% | ||
| Q2 24 | — | 60.3% |
营业利润率AFRMAXON
| Q1 26 | — | 44.5% | ||
| Q4 25 | 29.3% | -6.3% | ||
| Q3 25 | 19.9% | -0.3% | ||
| Q2 25 | 18.9% | -0.2% | ||
| Q1 25 | -3.1% | -1.5% | ||
| Q4 24 | -1.4% | -2.6% | ||
| Q3 24 | -57.2% | 4.4% | ||
| Q2 24 | -32.8% | 6.5% |
净利率AFRMAXON
| Q1 26 | — | 21.0% | ||
| Q4 25 | 32.3% | 0.3% | ||
| Q3 25 | 25.2% | -0.3% | ||
| Q2 25 | 22.6% | 5.4% | ||
| Q1 25 | 1.0% | 14.6% | ||
| Q4 24 | 26.5% | 23.7% | ||
| Q3 24 | -43.2% | 12.3% | ||
| Q2 24 | -20.2% | 8.1% |
每股收益（稀释后）AFRMAXON
| Q1 26 | — | $2.05 | ||
| Q4 25 | $0.37 | $0.02 | ||
| Q3 25 | $0.23 | $-0.03 | ||
| Q2 25 | $0.22 | $0.44 | ||
| Q1 25 | $0.01 | $1.08 | ||
| Q4 24 | $0.23 | $1.68 | ||
| Q3 24 | $-0.31 | $0.86 | ||
| Q2 24 | $-0.13 | $0.53 |
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 | $718.9M |
| 总债务越低越好 | $9.0B | — |
| 股东权益账面价值 | $3.5B | $3.5B |
| 总资产 | $13.0B | $7.1B |
| 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AFRMAXON
| Q1 26 | — | $718.9M | ||
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.4B | $2.4B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.2B | $788.1M | ||
| Q3 24 | $1.0B | $1.0B | ||
| Q2 24 | $1.0B | $968.9M |
总债务AFRMAXON
| Q1 26 | — | — | ||
| Q4 25 | $9.0B | $1.8B | ||
| Q3 25 | $7.7B | $2.0B | ||
| Q2 25 | $7.6B | $2.0B | ||
| Q1 25 | $7.1B | $2.0B | ||
| Q4 24 | $7.3B | $680.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.8B | — |
股东权益AFRMAXON
| Q1 26 | — | $3.5B | ||
| Q4 25 | $3.5B | $3.2B | ||
| Q3 25 | $3.3B | $3.0B | ||
| Q2 25 | $3.1B | $2.7B | ||
| Q1 25 | $2.9B | $2.6B | ||
| Q4 24 | $2.8B | $2.3B | ||
| Q3 24 | $2.8B | $2.1B | ||
| Q2 24 | $2.7B | $1.9B |
总资产AFRMAXON
| Q1 26 | — | $7.1B | ||
| Q4 25 | $13.0B | $7.0B | ||
| Q3 25 | $11.5B | $6.7B | ||
| Q2 25 | $11.2B | $6.2B | ||
| Q1 25 | $10.4B | $6.1B | ||
| Q4 24 | $10.5B | $4.5B | ||
| Q3 24 | $10.1B | $4.0B | ||
| Q2 24 | $9.5B | $3.7B |
负债/权益比AFRMAXON
| Q1 26 | — | — | ||
| Q4 25 | 2.54× | 0.56× | ||
| Q3 25 | 2.35× | 0.66× | ||
| Q2 25 | 2.48× | 0.73× | ||
| Q1 25 | 2.49× | 0.79× | ||
| Q4 24 | 2.62× | 0.29× | ||
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | $118.0M | — |
| 自由现金流率自由现金流/营收 | 29.4% | — |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | $619.1M | — |
8季度趋势，按日历期对齐
经营现金流AFRMAXON
| Q1 26 | — | — | ||
| Q4 25 | $173.7M | $217.2M | ||
| Q3 25 | $374.6M | $60.0M | ||
| Q2 25 | $74.6M | $-91.7M | ||
| Q1 25 | $210.4M | $25.8M | ||
| Q4 24 | $312.0M | $250.2M | ||
| Q3 24 | $196.9M | $91.3M | ||
| Q2 24 | $68.8M | $82.8M |
自由现金流AFRMAXON
| Q1 26 | — | — | ||
| Q4 25 | $118.0M | $155.4M | ||
| Q3 25 | $320.2M | $33.4M | ||
| Q2 25 | $23.5M | $-114.7M | ||
| Q1 25 | $157.4M | $932.0K | ||
| Q4 24 | $268.1M | $225.4M | ||
| Q3 24 | $152.7M | $64.8M | ||
| Q2 24 | $30.5M | $71.4M |
自由现金流率AFRMAXON
| Q1 26 | — | — | ||
| Q4 25 | 29.4% | 19.5% | ||
| Q3 25 | 99.9% | 4.7% | ||
| Q2 25 | 7.7% | -17.2% | ||
| Q1 25 | 57.7% | 0.2% | ||
| Q4 24 | 88.5% | 39.3% | ||
| Q3 24 | 65.9% | 11.9% | ||
| Q2 24 | 13.6% | 14.2% |
资本支出强度AFRMAXON
| Q1 26 | — | — | ||
| Q4 25 | 13.9% | 7.8% | ||
| Q3 25 | 17.0% | 3.7% | ||
| Q2 25 | 16.7% | 3.4% | ||
| Q1 25 | 19.5% | 4.1% | ||
| Q4 24 | 14.5% | 4.3% | ||
| Q3 24 | 19.0% | 4.9% | ||
| Q2 24 | 17.1% | 2.2% |
现金转化率AFRMAXON
| Q1 26 | — | — | ||
| Q4 25 | 1.34× | 79.14× | ||
| Q3 25 | 4.64× | — | ||
| Q2 25 | 1.08× | -2.54× | ||
| Q1 25 | 75.03× | 0.29× | ||
| Q4 24 | 3.88× | 1.84× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 2.03× |
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% |
AXON
暂无分部数据
