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Affirm Holdings, Inc.（AFRM）与Liberty Broadband Corp（LBRDA）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Liberty Broadband Corp的1.5倍（$401.4M vs $261.0M），Liberty Broadband Corp净利率更高（146.7% vs 32.3%，领先114.5%），Affirm Holdings, Inc.同比增速更快（32.5% vs 6.1%），Affirm Holdings, Inc.自由现金流更多（$118.0M vs $37.0M），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs 4.3%）
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。
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
AFRM vs LBRDA — 直观对比
损益表 — Q2 FY2026 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $261.0M |
| 净利润 | $129.6M | $383.0M |
| 毛利率 | — | — |
| 营业利润率 | 29.3% | 15.7% |
| 净利率 | 32.3% | 146.7% |
| 营收同比 | 32.5% | 6.1% |
| 净利润同比 | 61.3% | 96.4% |
| 每股收益（稀释后） | $0.37 | $2.68 |
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 | — | ||
| Q3 25 | $320.5M | — | ||
| Q2 25 | $306.6M | $261.0M | ||
| Q1 25 | $272.5M | $266.0M | ||
| Q4 24 | $303.0M | $263.0M | ||
| Q3 24 | $231.8M | $262.0M | ||
| Q2 24 | $224.0M | $246.0M | ||
| Q1 24 | $195.0M | $245.0M |
| Q4 25 | $129.6M | — | ||
| Q3 25 | $80.7M | — | ||
| Q2 25 | $69.2M | $383.0M | ||
| Q1 25 | $2.8M | $268.0M | ||
| Q4 24 | $80.4M | $291.0M | ||
| Q3 24 | $-100.2M | $142.0M | ||
| Q2 24 | $-45.1M | $195.0M | ||
| Q1 24 | $-133.9M | $241.0M |
| Q4 25 | 29.3% | — | ||
| Q3 25 | 19.9% | — | ||
| Q2 25 | 18.9% | 15.7% | ||
| Q1 25 | -3.1% | 16.2% | ||
| Q4 24 | -1.4% | 4.9% | ||
| Q3 24 | -57.2% | 11.5% | ||
| Q2 24 | -32.8% | 8.5% | ||
| Q1 24 | -82.5% | 11.4% |
| Q4 25 | 32.3% | — | ||
| Q3 25 | 25.2% | — | ||
| Q2 25 | 22.6% | 146.7% | ||
| Q1 25 | 1.0% | 100.8% | ||
| Q4 24 | 26.5% | 110.6% | ||
| Q3 24 | -43.2% | 54.2% | ||
| Q2 24 | -20.2% | 79.3% | ||
| Q1 24 | -68.7% | 98.4% |
| Q4 25 | $0.37 | — | ||
| Q3 25 | $0.23 | — | ||
| Q2 25 | $0.22 | $2.68 | ||
| Q1 25 | $0.01 | $1.87 | ||
| Q4 24 | $0.23 | $2.04 | ||
| Q3 24 | $-0.31 | $0.99 | ||
| Q2 24 | $-0.13 | $1.36 | ||
| Q1 24 | $-0.43 | $1.69 |
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 | $180.0M |
| 总债务越低越好 | $9.0B | $3.1B |
| 股东权益账面价值 | $3.5B | $10.4B |
| 总资产 | $13.0B | $16.6B |
| 负债/权益比越低杠杆越低 | 2.54× | 0.30× |
8季度趋势，按日历期对齐
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | $180.0M | ||
| Q1 25 | $1.4B | $226.0M | ||
| Q4 24 | $1.2B | $163.0M | ||
| Q3 24 | $1.0B | $168.0M | ||
| Q2 24 | $1.0B | $73.0M | ||
| Q1 24 | $1.3B | $108.0M |
| Q4 25 | $9.0B | — | ||
| Q3 25 | $7.7B | — | ||
| Q2 25 | $7.6B | $3.1B | ||
| Q1 25 | $7.1B | $3.8B | ||
| Q4 24 | $7.3B | $3.8B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | $1.8B | $3.6B | ||
| Q1 24 | — | $3.6B |
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.1B | $10.4B | ||
| Q1 25 | $2.9B | $10.1B | ||
| Q4 24 | $2.8B | $9.8B | ||
| Q3 24 | $2.8B | $9.5B | ||
| Q2 24 | $2.7B | $9.3B | ||
| Q1 24 | $2.6B | $9.1B |
| Q4 25 | $13.0B | — | ||
| Q3 25 | $11.5B | — | ||
| Q2 25 | $11.2B | $16.6B | ||
| Q1 25 | $10.4B | $17.0B | ||
| Q4 24 | $10.5B | $16.7B | ||
| Q3 24 | $10.1B | $16.3B | ||
| Q2 24 | $9.5B | $16.0B | ||
| Q1 24 | $9.2B | $15.7B |
| Q4 25 | 2.54× | — | ||
| Q3 25 | 2.35× | — | ||
| Q2 25 | 2.48× | 0.30× | ||
| Q1 25 | 2.49× | 0.38× | ||
| Q4 24 | 2.62× | 0.38× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | 0.67× | 0.39× | ||
| Q1 24 | — | 0.40× |
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 | $91.0M |
| 自由现金流经营现金流 - 资本支出 | $118.0M | $37.0M |
| 自由现金流率自由现金流/营收 | 29.4% | 14.2% |
| 资本支出强度资本支出/营收 | 13.9% | 20.7% |
| 现金转化率经营现金流/净利润 | 1.34× | 0.24× |
| 过去12个月自由现金流最近4个季度 | $619.1M | $-49.0M |
8季度趋势，按日历期对齐
| Q4 25 | $173.7M | — | ||
| Q3 25 | $374.6M | — | ||
| Q2 25 | $74.6M | $91.0M | ||
| Q1 25 | $210.4M | $78.0M | ||
| Q4 24 | $312.0M | $1.0M | ||
| Q3 24 | $196.9M | $24.0M | ||
| Q2 24 | $68.8M | $27.0M | ||
| Q1 24 | $208.2M | $52.0M |
| Q4 25 | $118.0M | — | ||
| Q3 25 | $320.2M | — | ||
| Q2 25 | $23.5M | $37.0M | ||
| Q1 25 | $157.4M | $13.0M | ||
| Q4 24 | $268.1M | $-63.0M | ||
| Q3 24 | $152.7M | $-36.0M | ||
| Q2 24 | $30.5M | $-35.0M | ||
| Q1 24 | $161.7M | $-9.0M |
| Q4 25 | 29.4% | — | ||
| Q3 25 | 99.9% | — | ||
| Q2 25 | 7.7% | 14.2% | ||
| Q1 25 | 57.7% | 4.9% | ||
| Q4 24 | 88.5% | -24.0% | ||
| Q3 24 | 65.9% | -13.7% | ||
| Q2 24 | 13.6% | -14.2% | ||
| Q1 24 | 82.9% | -3.7% |
| Q4 25 | 13.9% | — | ||
| Q3 25 | 17.0% | — | ||
| Q2 25 | 16.7% | 20.7% | ||
| Q1 25 | 19.5% | 24.4% | ||
| Q4 24 | 14.5% | 24.3% | ||
| Q3 24 | 19.0% | 22.9% | ||
| Q2 24 | 17.1% | 25.2% | ||
| Q1 24 | 23.8% | 24.9% |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 4.64× | — | ||
| Q2 25 | 1.08× | 0.24× | ||
| Q1 25 | 75.03× | 0.29× | ||
| Q4 24 | 3.88× | 0.00× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.22× |
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% |
LBRDA
暂无分部数据
