vs
Affirm Holdings, Inc.（AFRM）与CORCEPT THERAPEUTICS INC（CORT）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CORCEPT THERAPEUTICS INC的2.0倍（$401.4M vs $202.1M），Affirm Holdings, Inc.净利率更高（32.3% vs 12.0%，领先20.3%），Affirm Holdings, Inc.同比增速更快（32.5% vs 11.1%），Affirm Holdings, Inc.自由现金流更多（$118.0M vs $38.4M），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs 17.3%）
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。
Corcept Therapeutics是一家制药企业，专注于严重代谢疾病、精神疾病及肿瘤疾病治疗药物的发现、开发与商业化。公司围绕皮质醇过量带来的不良影响展开研究，致力于开发可缓解相关症状的新型化合物，管理团队由首席执行官兼总裁、董事Joseph K. Belanoff医学博士领导。
AFRM vs CORT — 直观对比
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $202.1M |
| 净利润 | $129.6M | $24.3M |
| 毛利率 | — | 98.7% |
| 营业利润率 | 29.3% | 2.2% |
| 净利率 | 32.3% | 12.0% |
| 营收同比 | 32.5% | 11.1% |
| 净利润同比 | 61.3% | -21.0% |
| 每股收益（稀释后） | $0.37 | $0.20 |
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 | $202.1M | ||
| Q3 25 | $320.5M | $207.6M | ||
| Q2 25 | $306.6M | $194.4M | ||
| Q1 25 | $272.5M | $157.2M | ||
| Q4 24 | $303.0M | $181.9M | ||
| Q3 24 | $231.8M | $182.5M | ||
| Q2 24 | $224.0M | $163.8M | ||
| Q1 24 | $195.0M | $146.8M |
| Q4 25 | $129.6M | $24.3M | ||
| Q3 25 | $80.7M | $19.7M | ||
| Q2 25 | $69.2M | $35.1M | ||
| Q1 25 | $2.8M | $20.5M | ||
| Q4 24 | $80.4M | $30.7M | ||
| Q3 24 | $-100.2M | $47.2M | ||
| Q2 24 | $-45.1M | $35.5M | ||
| Q1 24 | $-133.9M | $27.8M |
| Q4 25 | — | 98.7% | ||
| Q3 25 | — | 97.8% | ||
| Q2 25 | — | 98.2% | ||
| Q1 25 | — | 98.5% | ||
| Q4 24 | — | 98.4% | ||
| Q3 24 | — | 98.4% | ||
| Q2 24 | — | 98.5% | ||
| Q1 24 | — | 98.3% |
| Q4 25 | 29.3% | 2.2% | ||
| Q3 25 | 19.9% | 4.9% | ||
| Q2 25 | 18.9% | 13.7% | ||
| Q1 25 | -3.1% | 2.2% | ||
| Q4 24 | -1.4% | 13.9% | ||
| Q3 24 | -57.2% | 25.5% | ||
| Q2 24 | -32.8% | 21.7% | ||
| Q1 24 | -82.5% | 20.1% |
| Q4 25 | 32.3% | 12.0% | ||
| Q3 25 | 25.2% | 9.5% | ||
| Q2 25 | 22.6% | 18.1% | ||
| Q1 25 | 1.0% | 13.1% | ||
| Q4 24 | 26.5% | 16.9% | ||
| Q3 24 | -43.2% | 25.9% | ||
| Q2 24 | -20.2% | 21.7% | ||
| Q1 24 | -68.7% | 18.9% |
| Q4 25 | $0.37 | $0.20 | ||
| Q3 25 | $0.23 | $0.16 | ||
| Q2 25 | $0.22 | $0.29 | ||
| Q1 25 | $0.01 | $0.17 | ||
| Q4 24 | $0.23 | $0.25 | ||
| Q3 24 | $-0.31 | $0.41 | ||
| Q2 24 | $-0.13 | $0.32 | ||
| Q1 24 | $-0.43 | $0.25 |
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 | $372.2M |
| 总债务越低越好 | $9.0B | — |
| 股东权益账面价值 | $3.5B | $647.8M |
| 总资产 | $13.0B | $836.7M |
| 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 | $372.2M | ||
| Q3 25 | $1.4B | $421.7M | ||
| Q2 25 | $1.4B | $342.2M | ||
| Q1 25 | $1.4B | $322.8M | ||
| Q4 24 | $1.2B | $383.3M | ||
| Q3 24 | $1.0B | $380.3M | ||
| Q2 24 | $1.0B | $473.2M | ||
| Q1 24 | $1.3B | $410.8M |
| 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 | $647.8M | ||
| Q3 25 | $3.3B | $631.9M | ||
| Q2 25 | $3.1B | $635.8M | ||
| Q1 25 | $2.9B | $683.3M | ||
| Q4 24 | $2.8B | $679.6M | ||
| Q3 24 | $2.8B | $638.8M | ||
| Q2 24 | $2.7B | $596.2M | ||
| Q1 24 | $2.6B | $547.9M |
| Q4 25 | $13.0B | $836.7M | ||
| Q3 25 | $11.5B | $823.6M | ||
| Q2 25 | $11.2B | $801.7M | ||
| Q1 25 | $10.4B | $846.5M | ||
| Q4 24 | $10.5B | $840.6M | ||
| Q3 24 | $10.1B | $784.3M | ||
| Q2 24 | $9.5B | $714.6M | ||
| Q1 24 | $9.2B | $655.9M |
| 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 | $38.4M |
| 自由现金流经营现金流 - 资本支出 | $118.0M | $38.4M |
| 自由现金流率自由现金流/营收 | 29.4% | 19.0% |
| 资本支出强度资本支出/营收 | 13.9% | 0.0% |
| 现金转化率经营现金流/净利润 | 1.34× | 1.58× |
| 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
| Q4 25 | $173.7M | $38.4M | ||
| Q3 25 | $374.6M | $54.5M | ||
| Q2 25 | $74.6M | $43.9M | ||
| Q1 25 | $210.4M | $5.1M | ||
| Q4 24 | $312.0M | $59.3M | ||
| Q3 24 | $196.9M | $73.8M | ||
| Q2 24 | $68.8M | $41.2M | ||
| Q1 24 | $208.2M | $23.8M |
| Q4 25 | $118.0M | $38.4M | ||
| Q3 25 | $320.2M | — | ||
| Q2 25 | $23.5M | $43.9M | ||
| Q1 25 | $157.4M | $5.0M | ||
| Q4 24 | $268.1M | $59.2M | ||
| Q3 24 | $152.7M | $72.2M | ||
| Q2 24 | $30.5M | $40.8M | ||
| Q1 24 | $161.7M | — |
| Q4 25 | 29.4% | 19.0% | ||
| Q3 25 | 99.9% | — | ||
| Q2 25 | 7.7% | 22.6% | ||
| Q1 25 | 57.7% | 3.2% | ||
| Q4 24 | 88.5% | 32.5% | ||
| Q3 24 | 65.9% | 39.5% | ||
| Q2 24 | 13.6% | 24.9% | ||
| Q1 24 | 82.9% | — |
| Q4 25 | 13.9% | 0.0% | ||
| Q3 25 | 17.0% | 0.0% | ||
| Q2 25 | 16.7% | 0.0% | ||
| Q1 25 | 19.5% | 0.1% | ||
| Q4 24 | 14.5% | 0.1% | ||
| Q3 24 | 19.0% | 0.9% | ||
| Q2 24 | 17.1% | 0.3% | ||
| Q1 24 | 23.8% | 0.0% |
| Q4 25 | 1.34× | 1.58× | ||
| Q3 25 | 4.64× | 2.77× | ||
| Q2 25 | 1.08× | 1.25× | ||
| Q1 25 | 75.03× | 0.25× | ||
| Q4 24 | 3.88× | 1.93× | ||
| Q3 24 | — | 1.56× | ||
| Q2 24 | — | 1.16× | ||
| Q1 24 | — | 0.86× |
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% |
CORT
暂无分部数据
