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Affirm Holdings, Inc.（AFRM）与CREDIT ACCEPTANCE CORP（CACC）财务数据对比。点击上方公司名可切换其他公司
CREDIT ACCEPTANCE CORP的季度营收约是Affirm Holdings, Inc.的1.4倍（$579.9M vs $401.4M）。Affirm Holdings, Inc.净利率更高（32.3% vs 21.0%，领先11.2%）。Affirm Holdings, Inc.同比增速更快（32.5% vs 2.5%）。CREDIT ACCEPTANCE CORP自由现金流更多（$268.9M vs $118.0M）。过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs 6.8%）
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。
Credit Acceptance是一家汽车金融服务提供商，主要提供汽车贷款及相关金融产品。公司通过覆盖全国的合作汽车经销商网络开展业务，设有“投资组合计划”和“采购计划”两大业务项目，可向汽车经销商提供资金，以此换取对应消费者贷款的后续服务权利。
AFRM vs CACC — 直观对比
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $579.9M |
| 净利润 | $129.6M | $122.0M |
| 毛利率 | — | — |
| 营业利润率 | 29.3% | 27.1% |
| 净利率 | 32.3% | 21.0% |
| 营收同比 | 32.5% | 2.5% |
| 净利润同比 | 61.3% | -19.7% |
| 每股收益（稀释后） | $0.37 | $10.87 |
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
| Q4 25 | $401.4M | $579.9M | ||
| Q3 25 | $320.5M | $582.4M | ||
| Q2 25 | $306.6M | $583.8M | ||
| Q1 25 | $272.5M | $571.1M | ||
| Q4 24 | $303.0M | $565.9M | ||
| Q3 24 | $231.8M | $550.3M | ||
| Q2 24 | $224.0M | $538.2M | ||
| Q1 24 | $195.0M | $508.0M |
| Q4 25 | $129.6M | $122.0M | ||
| Q3 25 | $80.7M | $108.2M | ||
| Q2 25 | $69.2M | $87.4M | ||
| Q1 25 | $2.8M | $106.3M | ||
| Q4 24 | $80.4M | $151.9M | ||
| Q3 24 | $-100.2M | $78.8M | ||
| Q2 24 | $-45.1M | $-47.1M | ||
| Q1 24 | $-133.9M | $64.3M |
| Q4 25 | 29.3% | 27.1% | ||
| Q3 25 | 19.9% | 25.6% | ||
| Q2 25 | 18.9% | 20.2% | ||
| Q1 25 | -3.1% | 24.8% | ||
| Q4 24 | -1.4% | 33.9% | ||
| Q3 24 | -57.2% | 19.4% | ||
| Q2 24 | -32.8% | -10.3% | ||
| Q1 24 | -82.5% | 17.0% |
| Q4 25 | 32.3% | 21.0% | ||
| Q3 25 | 25.2% | 18.6% | ||
| Q2 25 | 22.6% | 15.0% | ||
| Q1 25 | 1.0% | 18.6% | ||
| Q4 24 | 26.5% | 26.8% | ||
| Q3 24 | -43.2% | 14.3% | ||
| Q2 24 | -20.2% | -8.8% | ||
| Q1 24 | -68.7% | 12.7% |
| Q4 25 | $0.37 | $10.87 | ||
| Q3 25 | $0.23 | $9.43 | ||
| Q2 25 | $0.22 | $7.42 | ||
| Q1 25 | $0.01 | $8.66 | ||
| Q4 24 | $0.23 | $12.28 | ||
| Q3 24 | $-0.31 | $6.35 | ||
| Q2 24 | $-0.13 | $-3.83 | ||
| Q1 24 | $-0.43 | $5.08 |
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 | $22.8M |
| 总债务越低越好 | $9.0B | — |
| 股东权益账面价值 | $3.5B | $1.5B |
| 总资产 | $13.0B | $8.6B |
| 负债/权益比越低杠杆越低 | 2.54× | — |
8季度趋势，按日历期对齐
| Q4 25 | $1.5B | $22.8M | ||
| Q3 25 | $1.4B | $15.9M | ||
| Q2 25 | $1.4B | $70.0M | ||
| Q1 25 | $1.4B | $528.8M | ||
| Q4 24 | $1.2B | $343.7M | ||
| Q3 24 | $1.0B | $159.7M | ||
| Q2 24 | $1.0B | $8.3M | ||
| Q1 24 | $1.3B | $8.4M |
| 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 | — | — |
| Q4 25 | $3.5B | $1.5B | ||
| Q3 25 | $3.3B | $1.6B | ||
| Q2 25 | $3.1B | $1.6B | ||
| Q1 25 | $2.9B | $1.7B | ||
| Q4 24 | $2.8B | $1.7B | ||
| Q3 24 | $2.8B | $1.6B | ||
| Q2 24 | $2.7B | $1.6B | ||
| Q1 24 | $2.6B | $1.7B |
| Q4 25 | $13.0B | $8.6B | ||
| Q3 25 | $11.5B | $8.6B | ||
| Q2 25 | $11.2B | $8.7B | ||
| Q1 25 | $10.4B | $9.3B | ||
| Q4 24 | $10.5B | $8.9B | ||
| Q3 24 | $10.1B | $8.7B | ||
| Q2 24 | $9.5B | $8.3B | ||
| Q1 24 | $9.2B | $8.1B |
| 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 | $269.3M |
| 自由现金流经营现金流 - 资本支出 | $118.0M | $268.9M |
| 自由现金流率自由现金流/营收 | 29.4% | 46.4% |
| 资本支出强度资本支出/营收 | 13.9% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.34× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $619.1M | $1.1B |
8季度趋势，按日历期对齐
| Q4 25 | $173.7M | $269.3M | ||
| Q3 25 | $374.6M | $299.4M | ||
| Q2 25 | $74.6M | $139.7M | ||
| Q1 25 | $210.4M | $346.2M | ||
| Q4 24 | $312.0M | $306.2M | ||
| Q3 24 | $196.9M | $317.7M | ||
| Q2 24 | $68.8M | $204.0M | ||
| Q1 24 | $208.2M | $310.0M |
| Q4 25 | $118.0M | $268.9M | ||
| Q3 25 | $320.2M | $298.8M | ||
| Q2 25 | $23.5M | $139.4M | ||
| Q1 25 | $157.4M | $345.9M | ||
| Q4 24 | $268.1M | $305.5M | ||
| Q3 24 | $152.7M | $317.3M | ||
| Q2 24 | $30.5M | $203.6M | ||
| Q1 24 | $161.7M | $309.7M |
| Q4 25 | 29.4% | 46.4% | ||
| Q3 25 | 99.9% | 51.3% | ||
| Q2 25 | 7.7% | 23.9% | ||
| Q1 25 | 57.7% | 60.6% | ||
| Q4 24 | 88.5% | 54.0% | ||
| Q3 24 | 65.9% | 57.7% | ||
| Q2 24 | 13.6% | 37.8% | ||
| Q1 24 | 82.9% | 61.0% |
| Q4 25 | 13.9% | 0.1% | ||
| Q3 25 | 17.0% | 0.1% | ||
| Q2 25 | 16.7% | 0.1% | ||
| Q1 25 | 19.5% | 0.1% | ||
| Q4 24 | 14.5% | 0.1% | ||
| Q3 24 | 19.0% | 0.1% | ||
| Q2 24 | 17.1% | 0.1% | ||
| Q1 24 | 23.8% | 0.1% |
| Q4 25 | 1.34× | 2.21× | ||
| Q3 25 | 4.64× | 2.77× | ||
| Q2 25 | 1.08× | 1.60× | ||
| Q1 25 | 75.03× | 3.26× | ||
| Q4 24 | 3.88× | 2.02× | ||
| Q3 24 | — | 4.03× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 4.82× |
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% |
CACC
暂无分部数据
