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Affirm Holdings, Inc.（AFRM）与Sprinklr, Inc.（CXM）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Sprinklr, Inc.的1.8倍（$401.4M vs $219.1M），Affirm Holdings, Inc.净利率更高（32.3% vs 1.3%，领先31.0%），Affirm Holdings, Inc.同比增速更快（32.5% vs 9.2%），Affirm Holdings, Inc.自由现金流更多（$118.0M vs $19.8M），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs 6.2%）
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。
Sprinklr是美国的一家SaaS企业，专注于客户体验管理（CXM）平台研发。其同名产品整合了社媒营销、社交广告、内容管理、团队协作、员工倡导、客户服务、社媒调研与监测等多类应用模块，为企业提供全链路的客户体验管理解决方案。
AFRM vs CXM — 直观对比
营收规模更大
AFRM
是对方的1.8倍
$219.1M
营收增速更快
AFRM
高出23.3%
9.2%
净利率更高
AFRM
高出31.0%
1.3%
自由现金流更多
AFRM
多$98.3M
$19.8M
两年增速更快
AFRM
近两年复合增速
6.2%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $219.1M |
| 净利润 | $129.6M | $2.9M |
| 毛利率 | — | 66.4% |
| 营业利润率 | 29.3% | 5.3% |
| 净利率 | 32.3% | 1.3% |
| 营收同比 | 32.5% | 9.2% |
| 净利润同比 | 61.3% | -72.2% |
| 每股收益（稀释后） | $0.37 | $0.01 |
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AFRMCXM
| Q4 25 | $401.4M | $219.1M | ||
| Q3 25 | $320.5M | $212.0M | ||
| Q2 25 | $306.6M | $205.5M | ||
| Q1 25 | $272.5M | $202.5M | ||
| Q4 24 | $303.0M | $200.7M | ||
| Q3 24 | $231.8M | $197.2M | ||
| Q2 24 | $224.0M | $196.0M | ||
| Q1 24 | $195.0M | $194.2M |
净利润AFRMCXM
| Q4 25 | $129.6M | $2.9M | ||
| Q3 25 | $80.7M | $12.6M | ||
| Q2 25 | $69.2M | $-1.6M | ||
| Q1 25 | $2.8M | $98.7M | ||
| Q4 24 | $80.4M | $10.5M | ||
| Q3 24 | $-100.2M | $1.8M | ||
| Q2 24 | $-45.1M | $10.6M | ||
| Q1 24 | $-133.9M | $21.1M |
毛利率AFRMCXM
| Q4 25 | — | 66.4% | ||
| Q3 25 | — | 68.2% | ||
| Q2 25 | — | 69.5% | ||
| Q1 25 | — | 71.0% | ||
| Q4 24 | — | 71.2% | ||
| Q3 24 | — | 72.6% | ||
| Q2 24 | — | 73.9% | ||
| Q1 24 | — | 75.5% |
营业利润率AFRMCXM
| Q4 25 | 29.3% | 5.3% | ||
| Q3 25 | 19.9% | 7.7% | ||
| Q2 25 | 18.9% | -0.9% | ||
| Q1 25 | -3.1% | 5.2% | ||
| Q4 24 | -1.4% | 3.9% | ||
| Q3 24 | -57.2% | -0.0% | ||
| Q2 24 | -32.8% | 2.9% | ||
| Q1 24 | -82.5% | 9.5% |
净利率AFRMCXM
| Q4 25 | 32.3% | 1.3% | ||
| Q3 25 | 25.2% | 5.9% | ||
| Q2 25 | 22.6% | -0.8% | ||
| Q1 25 | 1.0% | 48.7% | ||
| Q4 24 | 26.5% | 5.2% | ||
| Q3 24 | -43.2% | 0.9% | ||
| Q2 24 | -20.2% | 5.4% | ||
| Q1 24 | -68.7% | 10.9% |
每股收益（稀释后）AFRMCXM
| Q4 25 | $0.37 | $0.01 | ||
| Q3 25 | $0.23 | $0.05 | ||
| Q2 25 | $0.22 | $-0.01 | ||
| Q1 25 | $0.01 | $0.35 | ||
| Q4 24 | $0.23 | $0.04 | ||
| Q3 24 | $-0.31 | $0.01 | ||
| Q2 24 | $-0.13 | $0.04 | ||
| Q1 24 | $-0.43 | $0.07 |
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 | $189.6M |
| 总债务越低越好 | $9.0B | — |
| 股东权益账面价值 | $3.5B | $558.1M |
| 总资产 | $13.0B | $1.1B |
| 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AFRMCXM
| Q4 25 | $1.5B | $189.6M | ||
| Q3 25 | $1.4B | $125.4M | ||
| Q2 25 | $1.4B | $126.4M | ||
| Q1 25 | $1.4B | $145.3M | ||
| Q4 24 | $1.2B | $93.2M | ||
| Q3 24 | $1.0B | $119.1M | ||
| Q2 24 | $1.0B | $126.8M | ||
| Q1 24 | $1.3B | $164.0M |
总债务AFRMCXM
| 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AFRMCXM
| Q4 25 | $3.5B | $558.1M | ||
| Q3 25 | $3.3B | $543.4M | ||
| Q2 25 | $3.1B | $639.8M | ||
| Q1 25 | $2.9B | $612.1M | ||
| Q4 24 | $2.8B | $497.0M | ||
| Q3 24 | $2.8B | $469.0M | ||
| Q2 24 | $2.7B | $610.9M | ||
| Q1 24 | $2.6B | $679.7M |
总资产AFRMCXM
| Q4 25 | $13.0B | $1.1B | ||
| Q3 25 | $11.5B | $1.1B | ||
| Q2 25 | $11.2B | $1.2B | ||
| Q1 25 | $10.4B | $1.2B | ||
| Q4 24 | $10.5B | $970.3M | ||
| Q3 24 | $10.1B | $983.8M | ||
| Q2 24 | $9.5B | $1.1B | ||
| Q1 24 | $9.2B | $1.2B |
负债/权益比AFRMCXM
| 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 | $20.0M |
| 自由现金流经营现金流 - 资本支出 | $118.0M | $19.8M |
| 自由现金流率自由现金流/营收 | 29.4% | 9.0% |
| 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× | 6.87× |
| 过去12个月自由现金流最近4个季度 | $619.1M | $142.3M |
8季度趋势，按日历期对齐
经营现金流AFRMCXM
| Q4 25 | $173.7M | $20.0M | ||
| Q3 25 | $374.6M | $34.8M | ||
| Q2 25 | $74.6M | $83.8M | ||
| Q1 25 | $210.4M | $5.4M | ||
| Q4 24 | $312.0M | $9.2M | ||
| Q3 24 | $196.9M | $21.3M | ||
| Q2 24 | $68.8M | $41.7M | ||
| Q1 24 | $208.2M | $17.3M |
自由现金流AFRMCXM
| Q4 25 | $118.0M | $19.8M | ||
| Q3 25 | $320.2M | $34.4M | ||
| Q2 25 | $23.5M | $83.5M | ||
| Q1 25 | $157.4M | $4.6M | ||
| Q4 24 | $268.1M | $8.2M | ||
| Q3 24 | $152.7M | $19.8M | ||
| Q2 24 | $30.5M | $39.2M | ||
| Q1 24 | $161.7M | $15.2M |
自由现金流率AFRMCXM
| Q4 25 | 29.4% | 9.0% | ||
| Q3 25 | 99.9% | 16.2% | ||
| Q2 25 | 7.7% | 40.6% | ||
| Q1 25 | 57.7% | 2.3% | ||
| Q4 24 | 88.5% | 4.1% | ||
| Q3 24 | 65.9% | 10.1% | ||
| Q2 24 | 13.6% | 20.0% | ||
| Q1 24 | 82.9% | 7.9% |
资本支出强度AFRMCXM
| Q4 25 | 13.9% | 0.1% | ||
| Q3 25 | 17.0% | 0.2% | ||
| Q2 25 | 16.7% | 0.1% | ||
| Q1 25 | 19.5% | 0.4% | ||
| Q4 24 | 14.5% | 0.5% | ||
| Q3 24 | 19.0% | 0.8% | ||
| Q2 24 | 17.1% | 1.3% | ||
| Q1 24 | 23.8% | 1.1% |
现金转化率AFRMCXM
| Q4 25 | 1.34× | 6.87× | ||
| Q3 25 | 4.64× | 2.76× | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 75.03× | 0.05× | ||
| Q4 24 | 3.88× | 0.88× | ||
| Q3 24 | — | 11.58× | ||
| Q2 24 | — | 3.92× | ||
| Q1 24 | — | 0.82× |
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% |
CXM
| License And Service | $190.3M | 87% |
| Professional Services | $28.8M | 13% |
