vs
Affirm Holdings, Inc.（AFRM）与J&J SNACK FOODS CORP（JJSF）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J&J SNACK FOODS CORP的1.2倍（$401.4M vs $343.8M），Affirm Holdings, Inc.净利率更高（32.3% vs 0.3%，领先32.0%），Affirm Holdings, Inc.同比增速更快（32.5% vs -5.2%），Affirm Holdings, Inc.自由现金流更多（$118.0M vs $17.0M），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs -2.2%）
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。
强生休闲食品公司（J&J Snack Foods Corp.）是美国知名的品牌休闲食品与冷冻饮品生产商、营销商及分销商，总部位于新泽西州芒特劳雷尔，在全美44个州、墨西哥及加拿大设有超175个生产、仓储及配送设施，于纳斯达克全球精选市场上市，业务覆盖国内外市场。
AFRM vs JJSF — 直观对比
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $343.8M |
| 净利润 | $129.6M | $883.0K |
| 毛利率 | — | 27.9% |
| 营业利润率 | 29.3% | 0.2% |
| 净利率 | 32.3% | 0.3% |
| 营收同比 | 32.5% | -5.2% |
| 净利润同比 | 61.3% | -82.8% |
| 每股收益（稀释后） | $0.37 | $0.05 |
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 | $343.8M | ||
| Q3 25 | $320.5M | $410.2M | ||
| Q2 25 | $306.6M | $454.3M | ||
| Q1 25 | $272.5M | $356.1M | ||
| Q4 24 | $303.0M | $362.6M | ||
| Q3 24 | $231.8M | $426.8M | ||
| Q2 24 | $224.0M | $440.0M | ||
| Q1 24 | $195.0M | $359.7M |
| Q4 25 | $129.6M | $883.0K | ||
| Q3 25 | $80.7M | $11.4M | ||
| Q2 25 | $69.2M | $44.2M | ||
| Q1 25 | $2.8M | $4.8M | ||
| Q4 24 | $80.4M | $5.1M | ||
| Q3 24 | $-100.2M | $29.6M | ||
| Q2 24 | $-45.1M | $36.3M | ||
| Q1 24 | $-133.9M | $13.3M |
| Q4 25 | — | 27.9% | ||
| Q3 25 | — | 31.7% | ||
| Q2 25 | — | 33.0% | ||
| Q1 25 | — | 26.9% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | — | 31.8% | ||
| Q2 24 | — | 33.6% | ||
| Q1 24 | — | 30.1% |
| Q4 25 | 29.3% | 0.2% | ||
| Q3 25 | 19.9% | 2.8% | ||
| Q2 25 | 18.9% | 13.3% | ||
| Q1 25 | -3.1% | 1.7% | ||
| Q4 24 | -1.4% | 1.7% | ||
| Q3 24 | -57.2% | 9.3% | ||
| Q2 24 | -32.8% | 11.4% | ||
| Q1 24 | -82.5% | 5.0% |
| Q4 25 | 32.3% | 0.3% | ||
| Q3 25 | 25.2% | 2.8% | ||
| Q2 25 | 22.6% | 9.7% | ||
| Q1 25 | 1.0% | 1.4% | ||
| Q4 24 | 26.5% | 1.4% | ||
| Q3 24 | -43.2% | 6.9% | ||
| Q2 24 | -20.2% | 8.3% | ||
| Q1 24 | -68.7% | 3.7% |
| Q4 25 | $0.37 | $0.05 | ||
| Q3 25 | $0.23 | $0.59 | ||
| Q2 25 | $0.22 | $2.26 | ||
| Q1 25 | $0.01 | $0.25 | ||
| Q4 24 | $0.23 | $0.26 | ||
| Q3 24 | $-0.31 | $1.52 | ||
| Q2 24 | $-0.13 | $1.87 | ||
| Q1 24 | $-0.43 | $0.69 |
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 | $66.8M |
| 总债务越低越好 | $9.0B | — |
| 股东权益账面价值 | $3.5B | $912.9M |
| 总资产 | $13.0B | $1.3B |
| 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 | $66.8M | ||
| Q3 25 | $1.4B | $105.9M | ||
| Q2 25 | $1.4B | $77.4M | ||
| Q1 25 | $1.4B | $48.5M | ||
| Q4 24 | $1.2B | $73.6M | ||
| Q3 24 | $1.0B | $73.4M | ||
| Q2 24 | $1.0B | $64.0M | ||
| Q1 24 | $1.3B | $43.6M |
| 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 | $912.9M | ||
| Q3 25 | $3.3B | $966.7M | ||
| Q2 25 | $3.1B | $969.9M | ||
| Q1 25 | $2.9B | $935.0M | ||
| Q4 24 | $2.8B | $946.8M | ||
| Q3 24 | $2.8B | $957.0M | ||
| Q2 24 | $2.7B | $937.9M | ||
| Q1 24 | $2.6B | $915.7M |
| Q4 25 | $13.0B | $1.3B | ||
| Q3 25 | $11.5B | $1.4B | ||
| Q2 25 | $11.2B | $1.4B | ||
| Q1 25 | $10.4B | $1.4B | ||
| Q4 24 | $10.5B | $1.3B | ||
| Q3 24 | $10.1B | $1.4B | ||
| Q2 24 | $9.5B | $1.4B | ||
| Q1 24 | $9.2B | $1.3B |
| 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 | $36.0M |
| 自由现金流经营现金流 - 资本支出 | $118.0M | $17.0M |
| 自由现金流率自由现金流/营收 | 29.4% | 4.9% |
| 资本支出强度资本支出/营收 | 13.9% | 5.5% |
| 现金转化率经营现金流/净利润 | 1.34× | 40.73× |
| 过去12个月自由现金流最近4个季度 | $619.1M | $83.1M |
8季度趋势，按日历期对齐
| Q4 25 | $173.7M | $36.0M | ||
| Q3 25 | $374.6M | $66.4M | ||
| Q2 25 | $74.6M | $51.2M | ||
| Q1 25 | $210.4M | $12.3M | ||
| Q4 24 | $312.0M | $35.2M | ||
| Q3 24 | $196.9M | $46.3M | ||
| Q2 24 | $68.8M | $65.0M | ||
| Q1 24 | $208.2M | $12.7M |
| Q4 25 | $118.0M | $17.0M | ||
| Q3 25 | $320.2M | $44.8M | ||
| Q2 25 | $23.5M | $28.5M | ||
| Q1 25 | $157.4M | $-7.2M | ||
| Q4 24 | $268.1M | $16.1M | ||
| Q3 24 | $152.7M | $29.1M | ||
| Q2 24 | $30.5M | $45.3M | ||
| Q1 24 | $161.7M | $-4.0M |
| Q4 25 | 29.4% | 4.9% | ||
| Q3 25 | 99.9% | 10.9% | ||
| Q2 25 | 7.7% | 6.3% | ||
| Q1 25 | 57.7% | -2.0% | ||
| Q4 24 | 88.5% | 4.4% | ||
| Q3 24 | 65.9% | 6.8% | ||
| Q2 24 | 13.6% | 10.3% | ||
| Q1 24 | 82.9% | -1.1% |
| Q4 25 | 13.9% | 5.5% | ||
| Q3 25 | 17.0% | 5.3% | ||
| Q2 25 | 16.7% | 5.0% | ||
| Q1 25 | 19.5% | 5.5% | ||
| Q4 24 | 14.5% | 5.3% | ||
| Q3 24 | 19.0% | 4.0% | ||
| Q2 24 | 17.1% | 4.5% | ||
| Q1 24 | 23.8% | 4.6% |
| Q4 25 | 1.34× | 40.73× | ||
| Q3 25 | 4.64× | 5.84× | ||
| Q2 25 | 1.08× | 1.16× | ||
| Q1 25 | 75.03× | 2.55× | ||
| Q4 24 | 3.88× | 6.84× | ||
| Q3 24 | — | 1.56× | ||
| Q2 24 | — | 1.79× | ||
| Q1 24 | — | 0.96× |
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% |
JJSF
| Food Service | $219.2M | 64% |
| Frozen Beverages | $78.7M | 23% |
| Repair And Maintenance Service | $22.5M | 7% |
| Other | $12.7M | 4% |
| Machine Sales | $10.7M | 3% |
