vs
Affirm Holdings, Inc.（AFRM）与Healthpeak Properties（DOC）财务数据对比。点击上方公司名可切换其他公司
Healthpeak Properties的季度营收约是Affirm Holdings, Inc.的1.8倍（$719.4M vs $401.4M），Healthpeak Properties净利率更高（73.2% vs 32.3%，领先40.9%），Affirm Holdings, Inc.同比增速更快（32.5% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $118.0M），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs 8.9%）
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。
Healthpeak Properties是美国医疗地产领域的房地产投资信托基金，核心投资范畴覆盖老年住宅、生命科学相关物业及医疗办公楼三类资产。公司2007年于马里兰州组建，总部设在科罗拉多州丹佛市，在尔湾、纳什维尔、旧金山均设有办事处，截至2019年12月31日共持有617处物业的权益。
AFRM vs DOC — 直观对比
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $719.4M |
| 净利润 | $129.6M | $114.0M |
| 毛利率 | — | — |
| 营业利润率 | 29.3% | 17.4% |
| 净利率 | 32.3% | 73.2% |
| 营收同比 | 32.5% | 3.1% |
| 净利润同比 | 61.3% | 2406.4% |
| 每股收益（稀释后） | $0.37 | $0.16 |
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 | $719.4M | ||
| Q3 25 | $320.5M | $705.9M | ||
| Q2 25 | $306.6M | $694.3M | ||
| Q1 25 | $272.5M | $702.9M | ||
| Q4 24 | $303.0M | $698.0M | ||
| Q3 24 | $231.8M | $700.4M | ||
| Q2 24 | $224.0M | $695.5M | ||
| Q1 24 | $195.0M | $606.6M |
| Q4 25 | $129.6M | $114.0M | ||
| Q3 25 | $80.7M | $-117.1M | ||
| Q2 25 | $69.2M | $31.7M | ||
| Q1 25 | $2.8M | $42.8M | ||
| Q4 24 | $80.4M | $4.5M | ||
| Q3 24 | $-100.2M | $85.9M | ||
| Q2 24 | $-45.1M | $146.0M | ||
| Q1 24 | $-133.9M | $6.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | 58.6% | ||
| Q2 25 | — | 60.2% | ||
| Q1 25 | — | 61.1% | ||
| Q4 24 | — | 60.3% | ||
| Q3 24 | — | 60.0% | ||
| Q2 24 | — | 60.6% | ||
| Q1 24 | — | 59.8% |
| Q4 25 | 29.3% | 17.4% | ||
| Q3 25 | 19.9% | 9.2% | ||
| Q2 25 | 18.9% | 5.7% | ||
| Q1 25 | -3.1% | 7.7% | ||
| Q4 24 | -1.4% | -2.2% | ||
| Q3 24 | -57.2% | 14.1% | ||
| Q2 24 | -32.8% | 22.3% | ||
| Q1 24 | -82.5% | 3.7% |
| Q4 25 | 32.3% | 73.2% | ||
| Q3 25 | 25.2% | -16.6% | ||
| Q2 25 | 22.6% | 4.6% | ||
| Q1 25 | 1.0% | 6.1% | ||
| Q4 24 | 26.5% | 0.7% | ||
| Q3 24 | -43.2% | 12.3% | ||
| Q2 24 | -20.2% | 21.0% | ||
| Q1 24 | -68.7% | 1.1% |
| Q4 25 | $0.37 | $0.16 | ||
| Q3 25 | $0.23 | $-0.17 | ||
| Q2 25 | $0.22 | $0.05 | ||
| Q1 25 | $0.01 | $0.06 | ||
| Q4 24 | $0.23 | $0.02 | ||
| Q3 24 | $-0.31 | $0.12 | ||
| Q2 24 | $-0.13 | $0.21 | ||
| Q1 24 | $-0.43 | $0.01 |
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 | $467.5M |
| 总债务越低越好 | $9.0B | $9.8B |
| 股东权益账面价值 | $3.5B | $7.5B |
| 总资产 | $13.0B | $20.3B |
| 负债/权益比越低杠杆越低 | 2.54× | 1.31× |
8季度趋势，按日历期对齐
| Q4 25 | $1.5B | $467.5M | ||
| Q3 25 | $1.4B | $91.0M | ||
| Q2 25 | $1.4B | $89.4M | ||
| Q1 25 | $1.4B | $70.6M | ||
| Q4 24 | $1.2B | $119.8M | ||
| Q3 24 | $1.0B | $180.4M | ||
| Q2 24 | $1.0B | $106.9M | ||
| Q1 24 | $1.3B | $101.8M |
| Q4 25 | $9.0B | $9.8B | ||
| Q3 25 | $7.7B | $9.1B | ||
| Q2 25 | $7.6B | $9.0B | ||
| Q1 25 | $7.1B | $8.9B | ||
| Q4 24 | $7.3B | $8.7B | ||
| Q3 24 | — | $8.6B | ||
| Q2 24 | $1.8B | $8.6B | ||
| Q1 24 | — | $8.8B |
| Q4 25 | $3.5B | $7.5B | ||
| Q3 25 | $3.3B | $7.6B | ||
| Q2 25 | $3.1B | $7.9B | ||
| Q1 25 | $2.9B | $8.2B | ||
| Q4 24 | $2.8B | $8.4B | ||
| Q3 24 | $2.8B | $8.6B | ||
| Q2 24 | $2.7B | $8.8B | ||
| Q1 24 | $2.6B | $8.9B |
| Q4 25 | $13.0B | $20.3B | ||
| Q3 25 | $11.5B | $19.6B | ||
| Q2 25 | $11.2B | $19.8B | ||
| Q1 25 | $10.4B | $19.8B | ||
| Q4 24 | $10.5B | $19.9B | ||
| Q3 24 | $10.1B | $20.0B | ||
| Q2 24 | $9.5B | $20.2B | ||
| Q1 24 | $9.2B | $20.5B |
| Q4 25 | 2.54× | 1.31× | ||
| Q3 25 | 2.35× | 1.20× | ||
| Q2 25 | 2.48× | 1.14× | ||
| Q1 25 | 2.49× | 1.08× | ||
| Q4 24 | 2.62× | 1.04× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | 0.67× | 0.98× | ||
| Q1 24 | — | 0.99× |
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 | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $118.0M | $357.0M |
| 自由现金流率自由现金流/营收 | 29.4% | 49.6% |
| 资本支出强度资本支出/营收 | 13.9% | 124.4% |
| 现金转化率经营现金流/净利润 | 1.34× | 10.99× |
| 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 | $1.3B | ||
| Q3 25 | $374.6M | $315.0M | ||
| Q2 25 | $74.6M | $363.5M | ||
| Q1 25 | $210.4M | $279.4M | ||
| Q4 24 | $312.0M | $1.1B | ||
| Q3 24 | $196.9M | $318.2M | ||
| Q2 24 | $68.8M | $316.2M | ||
| Q1 24 | $208.2M | $152.6M |
| Q4 25 | $118.0M | $357.0M | ||
| Q3 25 | $320.2M | — | ||
| Q2 25 | $23.5M | — | ||
| Q1 25 | $157.4M | — | ||
| Q4 24 | $268.1M | $333.7M | ||
| Q3 24 | $152.7M | — | ||
| Q2 24 | $30.5M | — | ||
| Q1 24 | $161.7M | — |
| Q4 25 | 29.4% | 49.6% | ||
| Q3 25 | 99.9% | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | 57.7% | — | ||
| Q4 24 | 88.5% | 47.8% | ||
| Q3 24 | 65.9% | — | ||
| Q2 24 | 13.6% | — | ||
| Q1 24 | 82.9% | — |
| Q4 25 | 13.9% | 124.4% | ||
| Q3 25 | 17.0% | — | ||
| Q2 25 | 16.7% | — | ||
| Q1 25 | 19.5% | — | ||
| Q4 24 | 14.5% | 105.6% | ||
| Q3 24 | 19.0% | — | ||
| Q2 24 | 17.1% | — | ||
| Q1 24 | 23.8% | — |
| Q4 25 | 1.34× | 10.99× | ||
| Q3 25 | 4.64× | — | ||
| Q2 25 | 1.08× | 11.48× | ||
| Q1 25 | 75.03× | 6.52× | ||
| Q4 24 | 3.88× | 235.43× | ||
| Q3 24 | — | 3.71× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | — | 22.85× |
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% |
DOC
暂无分部数据
