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Affirm Holdings, Inc.（AFRM）与Kosmos Energy Ltd.（KOS）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Kosmos Energy Ltd.的1.4倍（$401.4M vs $294.6M），Affirm Holdings, Inc.同比增速更快（32.5% vs -25.9%），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs -16.5%）
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。
科斯莫斯能源是一家美国上游石油企业，总部位于得克萨斯州达拉斯。公司目前在加纳、赤道几内亚近海以及墨西哥湾开展油气生产与开发业务，在毛里塔尼亚、塞内加尔近海拥有开发项目，还在纳米比亚、圣多美和普林西比、苏里南近海持有勘探许可。
AFRM vs KOS — 直观对比
营收规模更大
AFRM
是对方的1.4倍
$294.6M
营收增速更快
AFRM
高出58.4%
-25.9%
两年增速更快
AFRM
近两年复合增速
-16.5%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $294.6M |
| 净利润 | $129.6M | — |
| 毛利率 | — | — |
| 营业利润率 | 29.3% | -125.7% |
| 净利率 | 32.3% | — |
| 营收同比 | 32.5% | -25.9% |
| 净利润同比 | 61.3% | — |
| 每股收益（稀释后） | $0.37 | $-0.80 |
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AFRMKOS
| Q4 25 | $401.4M | $294.6M | ||
| Q3 25 | $320.5M | $311.0M | ||
| Q2 25 | $306.6M | $392.6M | ||
| Q1 25 | $272.5M | $290.1M | ||
| Q4 24 | $303.0M | $397.6M | ||
| Q3 24 | $231.8M | $407.8M | ||
| Q2 24 | $224.0M | $447.8M | ||
| Q1 24 | $195.0M | $422.3M |
净利润AFRMKOS
| Q4 25 | $129.6M | — | ||
| Q3 25 | $80.7M | $-124.3M | ||
| Q2 25 | $69.2M | $-87.7M | ||
| Q1 25 | $2.8M | $-110.6M | ||
| Q4 24 | $80.4M | — | ||
| Q3 24 | $-100.2M | $45.0M | ||
| Q2 24 | $-45.1M | $59.8M | ||
| Q1 24 | $-133.9M | $91.7M |
营业利润率AFRMKOS
| Q4 25 | 29.3% | -125.7% | ||
| Q3 25 | 19.9% | -34.2% | ||
| Q2 25 | 18.9% | -16.2% | ||
| Q1 25 | -3.1% | -32.4% | ||
| Q4 24 | -1.4% | -8.5% | ||
| Q3 24 | -57.2% | 26.1% | ||
| Q2 24 | -32.8% | 30.2% | ||
| Q1 24 | -82.5% | 33.6% |
净利率AFRMKOS
| Q4 25 | 32.3% | — | ||
| Q3 25 | 25.2% | -40.0% | ||
| Q2 25 | 22.6% | -22.3% | ||
| Q1 25 | 1.0% | -38.1% | ||
| Q4 24 | 26.5% | — | ||
| Q3 24 | -43.2% | 11.0% | ||
| Q2 24 | -20.2% | 13.3% | ||
| Q1 24 | -68.7% | 21.7% |
每股收益（稀释后）AFRMKOS
| Q4 25 | $0.37 | $-0.80 | ||
| Q3 25 | $0.23 | $-0.26 | ||
| Q2 25 | $0.22 | $-0.18 | ||
| Q1 25 | $0.01 | $-0.23 | ||
| Q4 24 | $0.23 | $0.00 | ||
| Q3 24 | $-0.31 | $0.09 | ||
| Q2 24 | $-0.13 | $0.12 | ||
| Q1 24 | $-0.43 | $0.19 |
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 | $91.5M |
| 总债务越低越好 | $9.0B | $3.1B |
| 股东权益账面价值 | $3.5B | $528.6M |
| 总资产 | $13.0B | $4.7B |
| 负债/权益比越低杠杆越低 | 2.54× | 5.78× |
8季度趋势，按日历期对齐
现金及短期投资AFRMKOS
| Q4 25 | $1.5B | $91.5M | ||
| Q3 25 | $1.4B | $64.0M | ||
| Q2 25 | $1.4B | $51.7M | ||
| Q1 25 | $1.4B | $49.8M | ||
| Q4 24 | $1.2B | $85.0M | ||
| Q3 24 | $1.0B | $51.6M | ||
| Q2 24 | $1.0B | $173.8M | ||
| Q1 24 | $1.3B | $254.3M |
总债务AFRMKOS
| Q4 25 | $9.0B | $3.1B | ||
| Q3 25 | $7.7B | $3.0B | ||
| Q2 25 | $7.6B | $2.9B | ||
| Q1 25 | $7.1B | — | ||
| Q4 24 | $7.3B | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | — | — |
股东权益AFRMKOS
| Q4 25 | $3.5B | $528.6M | ||
| Q3 25 | $3.3B | $898.8M | ||
| Q2 25 | $3.1B | $1.0B | ||
| Q1 25 | $2.9B | $1.1B | ||
| Q4 24 | $2.8B | $1.2B | ||
| Q3 24 | $2.8B | $1.2B | ||
| Q2 24 | $2.7B | $1.1B | ||
| Q1 24 | $2.6B | $1.1B |
总资产AFRMKOS
| Q4 25 | $13.0B | $4.7B | ||
| Q3 25 | $11.5B | $5.1B | ||
| Q2 25 | $11.2B | $5.2B | ||
| Q1 25 | $10.4B | $5.3B | ||
| Q4 24 | $10.5B | $5.3B | ||
| Q3 24 | $10.1B | $5.5B | ||
| Q2 24 | $9.5B | $5.4B | ||
| Q1 24 | $9.2B | $5.4B |
负债/权益比AFRMKOS
| Q4 25 | 2.54× | 5.78× | ||
| Q3 25 | 2.35× | 3.31× | ||
| Q2 25 | 2.48× | 2.80× | ||
| Q1 25 | 2.49× | — | ||
| Q4 24 | 2.62× | 2.29× | ||
| 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 | $35.3M |
| 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× | — |
| 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AFRMKOS
| Q4 25 | $173.7M | $35.3M | ||
| Q3 25 | $374.6M | $-27.6M | ||
| Q2 25 | $74.6M | $127.2M | ||
| Q1 25 | $210.4M | $-888.0K | ||
| Q4 24 | $312.0M | $175.7M | ||
| Q3 24 | $196.9M | $6.3M | ||
| Q2 24 | $68.8M | $223.7M | ||
| Q1 24 | $208.2M | $272.6M |
自由现金流AFRMKOS
| 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AFRMKOS
| 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AFRMKOS
| 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AFRMKOS
| Q4 25 | 1.34× | — | ||
| Q3 25 | 4.64× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 75.03× | — | ||
| Q4 24 | 3.88× | — | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 3.74× | ||
| Q1 24 | — | 2.97× |
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% |
KOS
| Ghana Segment | $134.6M | 46% |
| Gulf Of America | $80.7M | 27% |
| Mauritania And Senegal | $54.9M | 19% |
| Equatorial Guinea Segment | $24.3M | 8% |
