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Affirm Holdings, Inc.（AFRM）与Essex Property Trust（ESS）财务数据对比。点击上方公司名可切换其他公司
Essex Property Trust的季度营收约是Affirm Holdings, Inc.的1.2倍（$479.6M vs $401.4M），Affirm Holdings, Inc.净利率更高（32.3% vs 17.9%，领先14.4%），Affirm Holdings, Inc.同比增速更快（32.5% vs 5.5%），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs 6.0%）
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。
Essex Property Trust是一家公开上市的房地产投资信托企业，重点布局美国西海岸优质不动产市场，核心投资标的为加利福尼亚州及西雅图大都会区的公寓类物业，在长租公寓的投资、运营及管理领域拥有深厚的行业积累与资源优势。
AFRM vs ESS — 直观对比
营收规模更大
ESS
是对方的1.2倍
$401.4M
营收增速更快
AFRM
高出26.9%
5.5%
净利率更高
AFRM
高出14.4%
17.9%
两年增速更快
AFRM
近两年复合增速
6.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $479.6M |
| 净利润 | $129.6M | $85.7M |
| 毛利率 | — | 70.0% |
| 营业利润率 | 29.3% | 31.7% |
| 净利率 | 32.3% | 17.9% |
| 营收同比 | 32.5% | 5.5% |
| 净利润同比 | 61.3% | -71.6% |
| 每股收益（稀释后） | $0.37 | $1.24 |
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AFRMESS
| Q4 25 | $401.4M | $479.6M | ||
| Q3 25 | $320.5M | $473.3M | ||
| Q2 25 | $306.6M | $469.8M | ||
| Q1 25 | $272.5M | $464.6M | ||
| Q4 24 | $303.0M | $454.5M | ||
| Q3 24 | $231.8M | $450.7M | ||
| Q2 24 | $224.0M | $442.4M | ||
| Q1 24 | $195.0M | $426.9M |
净利润AFRMESS
| Q4 25 | $129.6M | $85.7M | ||
| Q3 25 | $80.7M | $172.7M | ||
| Q2 25 | $69.2M | $231.5M | ||
| Q1 25 | $2.8M | $212.8M | ||
| Q4 24 | $80.4M | $301.7M | ||
| Q3 24 | $-100.2M | $125.5M | ||
| Q2 24 | $-45.1M | $99.0M | ||
| Q1 24 | $-133.9M | $285.1M |
毛利率AFRMESS
| Q4 25 | — | 70.0% | ||
| Q3 25 | — | 69.2% | ||
| Q2 25 | — | 70.7% | ||
| Q1 25 | — | 69.6% | ||
| Q4 24 | — | 70.0% | ||
| Q3 24 | — | 69.5% | ||
| Q2 24 | — | 70.8% | ||
| Q1 24 | — | 69.7% |
营业利润率AFRMESS
| Q4 25 | 29.3% | 31.7% | ||
| Q3 25 | 19.9% | 44.5% | ||
| Q2 25 | 18.9% | 59.5% | ||
| Q1 25 | -3.1% | 55.3% | ||
| Q4 24 | -1.4% | 67.0% | ||
| Q3 24 | -57.2% | 28.6% | ||
| Q2 24 | -32.8% | 31.1% | ||
| Q1 24 | -82.5% | 31.0% |
净利率AFRMESS
| Q4 25 | 32.3% | 17.9% | ||
| Q3 25 | 25.2% | 36.5% | ||
| Q2 25 | 22.6% | 49.3% | ||
| Q1 25 | 1.0% | 45.8% | ||
| Q4 24 | 26.5% | 66.4% | ||
| Q3 24 | -43.2% | 27.8% | ||
| Q2 24 | -20.2% | 22.4% | ||
| Q1 24 | -68.7% | 66.8% |
每股收益（稀释后）AFRMESS
| Q4 25 | $0.37 | $1.24 | ||
| Q3 25 | $0.23 | $2.56 | ||
| Q2 25 | $0.22 | $3.44 | ||
| Q1 25 | $0.01 | $3.16 | ||
| Q4 24 | $0.23 | $4.00 | ||
| Q3 24 | $-0.31 | $1.84 | ||
| Q2 24 | $-0.13 | $1.45 | ||
| Q1 24 | $-0.43 | $4.25 |
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 | $76.2M |
| 总债务越低越好 | $9.0B | — |
| 股东权益账面价值 | $3.5B | $5.5B |
| 总资产 | $13.0B | $13.2B |
| 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AFRMESS
| Q4 25 | $1.5B | $76.2M | ||
| Q3 25 | $1.4B | $66.0M | ||
| Q2 25 | $1.4B | $58.7M | ||
| Q1 25 | $1.4B | $98.7M | ||
| Q4 24 | $1.2B | $66.8M | ||
| Q3 24 | $1.0B | $71.3M | ||
| Q2 24 | $1.0B | $55.2M | ||
| Q1 24 | $1.3B | $499.0M |
总债务AFRMESS
| Q4 25 | $9.0B | — | ||
| Q3 25 | $7.7B | $6.4B | ||
| Q2 25 | $7.6B | $6.4B | ||
| Q1 25 | $7.1B | $6.8B | ||
| Q4 24 | $7.3B | — | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | $1.8B | $6.2B | ||
| Q1 24 | — | $6.6B |
股东权益AFRMESS
| Q4 25 | $3.5B | $5.5B | ||
| Q3 25 | $3.3B | $5.6B | ||
| Q2 25 | $3.1B | $5.6B | ||
| Q1 25 | $2.9B | $5.6B | ||
| Q4 24 | $2.8B | $5.5B | ||
| Q3 24 | $2.8B | $5.4B | ||
| Q2 24 | $2.7B | $5.5B | ||
| Q1 24 | $2.6B | $5.5B |
总资产AFRMESS
| Q4 25 | $13.0B | $13.2B | ||
| Q3 25 | $11.5B | $13.2B | ||
| Q2 25 | $11.2B | $13.2B | ||
| Q1 25 | $10.4B | $13.2B | ||
| Q4 24 | $10.5B | $12.9B | ||
| Q3 24 | $10.1B | $12.6B | ||
| Q2 24 | $9.5B | $12.5B | ||
| Q1 24 | $9.2B | $12.9B |
负债/权益比AFRMESS
| Q4 25 | 2.54× | — | ||
| Q3 25 | 2.35× | 1.15× | ||
| Q2 25 | 2.48× | 1.14× | ||
| Q1 25 | 2.49× | 1.22× | ||
| Q4 24 | 2.62× | — | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | 0.67× | 1.13× | ||
| Q1 24 | — | 1.19× |
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 | $1.1B |
| 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× | 12.53× |
| 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AFRMESS
| Q4 25 | $173.7M | $1.1B | ||
| Q3 25 | $374.6M | $342.6M | ||
| Q2 25 | $74.6M | $216.1M | ||
| Q1 25 | $210.4M | $281.5M | ||
| Q4 24 | $312.0M | $1.1B | ||
| Q3 24 | $196.9M | $316.2M | ||
| Q2 24 | $68.8M | $218.9M | ||
| Q1 24 | $208.2M | $314.9M |
自由现金流AFRMESS
| Q4 25 | $118.0M | — | ||
| Q3 25 | $320.2M | — | ||
| Q2 25 | $23.5M | — | ||
| Q1 25 | $157.4M | — | ||
| Q4 24 | $268.1M | — | ||
| Q3 24 | $152.7M | — | ||
| Q2 24 | $30.5M | — | ||
| Q1 24 | $161.7M | — |
自由现金流率AFRMESS
| Q4 25 | 29.4% | — | ||
| Q3 25 | 99.9% | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | 57.7% | — | ||
| Q4 24 | 88.5% | — | ||
| Q3 24 | 65.9% | — | ||
| Q2 24 | 13.6% | — | ||
| Q1 24 | 82.9% | — |
资本支出强度AFRMESS
| Q4 25 | 13.9% | — | ||
| Q3 25 | 17.0% | — | ||
| Q2 25 | 16.7% | — | ||
| Q1 25 | 19.5% | — | ||
| Q4 24 | 14.5% | — | ||
| Q3 24 | 19.0% | — | ||
| Q2 24 | 17.1% | — | ||
| Q1 24 | 23.8% | — |
现金转化率AFRMESS
| Q4 25 | 1.34× | 12.53× | ||
| Q3 25 | 4.64× | 1.98× | ||
| Q2 25 | 1.08× | 0.93× | ||
| Q1 25 | 75.03× | 1.32× | ||
| Q4 24 | 3.88× | 3.54× | ||
| Q3 24 | — | 2.52× | ||
| Q2 24 | — | 2.21× | ||
| Q1 24 | — | 1.10× |
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% |
ESS
暂无分部数据
