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Affirm Holdings, Inc.（AFRM）与LOUISIANA-PACIFIC CORP（LPX）财务数据对比。点击上方公司名可切换其他公司
LOUISIANA-PACIFIC CORP的季度营收约是Affirm Holdings, Inc.的1.4倍（$566.0M vs $401.4M），Affirm Holdings, Inc.净利率更高（32.3% vs -1.4%，领先33.7%），Affirm Holdings, Inc.同比增速更快（32.5% vs -16.9%），Affirm Holdings, Inc.自由现金流更多（$118.0M vs $-8.0M），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs -11.6%）
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。
路易斯安那-太平洋公司（简称LP）是美国知名建材制造商，成立于1973年，是美国定向结构刨花板（OSB）生产的开创者，总部现位于田纳西州纳什维尔。作为全球最大的OSB生产商，公司还生产工程木建材产品，通过建材分销商、经销商及家居零售中心向建筑商和业主供货。
AFRM vs LPX — 直观对比
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $566.0M |
| 净利润 | $129.6M | $-8.0M |
| 毛利率 | — | 15.0% |
| 营业利润率 | 29.3% | -1.6% |
| 净利率 | 32.3% | -1.4% |
| 营收同比 | 32.5% | -16.9% |
| 净利润同比 | 61.3% | -112.9% |
| 每股收益（稀释后） | $0.37 | $-0.12 |
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 | $566.0M | ||
| Q3 25 | $320.5M | $663.0M | ||
| Q2 25 | $306.6M | $755.0M | ||
| Q1 25 | $272.5M | $724.0M | ||
| Q4 24 | $303.0M | $681.0M | ||
| Q3 24 | $231.8M | $722.0M | ||
| Q2 24 | $224.0M | $814.0M | ||
| Q1 24 | $195.0M | $724.0M |
| Q4 25 | $129.6M | $-8.0M | ||
| Q3 25 | $80.7M | $9.0M | ||
| Q2 25 | $69.2M | $54.0M | ||
| Q1 25 | $2.8M | $91.0M | ||
| Q4 24 | $80.4M | $62.0M | ||
| Q3 24 | $-100.2M | $90.0M | ||
| Q2 24 | $-45.1M | $160.0M | ||
| Q1 24 | $-133.9M | $108.0M |
| Q4 25 | — | 15.0% | ||
| Q3 25 | — | 19.5% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 27.2% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 32.3% | ||
| Q1 24 | — | 29.6% |
| Q4 25 | 29.3% | -1.6% | ||
| Q3 25 | 19.9% | 2.7% | ||
| Q2 25 | 18.9% | 10.6% | ||
| Q1 25 | -3.1% | 16.6% | ||
| Q4 24 | -1.4% | 11.0% | ||
| Q3 24 | -57.2% | 16.1% | ||
| Q2 24 | -32.8% | 23.8% | ||
| Q1 24 | -82.5% | 20.0% |
| Q4 25 | 32.3% | -1.4% | ||
| Q3 25 | 25.2% | 1.4% | ||
| Q2 25 | 22.6% | 7.2% | ||
| Q1 25 | 1.0% | 12.6% | ||
| Q4 24 | 26.5% | 9.1% | ||
| Q3 24 | -43.2% | 12.5% | ||
| Q2 24 | -20.2% | 19.7% | ||
| Q1 24 | -68.7% | 14.9% |
| Q4 25 | $0.37 | $-0.12 | ||
| Q3 25 | $0.23 | $0.13 | ||
| Q2 25 | $0.22 | $0.77 | ||
| Q1 25 | $0.01 | $1.30 | ||
| Q4 24 | $0.23 | $0.90 | ||
| Q3 24 | $-0.31 | $1.28 | ||
| Q2 24 | $-0.13 | $2.23 | ||
| Q1 24 | $-0.43 | $1.48 |
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 | $292.0M |
| 总债务越低越好 | $9.0B | $348.0M |
| 股东权益账面价值 | $3.5B | $1.7B |
| 总资产 | $13.0B | $2.6B |
| 负债/权益比越低杠杆越低 | 2.54× | 0.20× |
8季度趋势，按日历期对齐
| Q4 25 | $1.5B | $292.0M | ||
| Q3 25 | $1.4B | $316.0M | ||
| Q2 25 | $1.4B | $333.0M | ||
| Q1 25 | $1.4B | $256.0M | ||
| Q4 24 | $1.2B | $340.0M | ||
| Q3 24 | $1.0B | $346.0M | ||
| Q2 24 | $1.0B | $317.0M | ||
| Q1 24 | $1.3B | $244.0M |
| Q4 25 | $9.0B | $348.0M | ||
| Q3 25 | $7.7B | $348.0M | ||
| Q2 25 | $7.6B | $348.0M | ||
| Q1 25 | $7.1B | $348.0M | ||
| Q4 24 | $7.3B | $348.0M | ||
| Q3 24 | — | $347.0M | ||
| Q2 24 | $1.8B | $347.0M | ||
| Q1 24 | — | $347.0M |
| Q4 25 | $3.5B | $1.7B | ||
| Q3 25 | $3.3B | $1.7B | ||
| Q2 25 | $3.1B | $1.7B | ||
| Q1 25 | $2.9B | $1.7B | ||
| Q4 24 | $2.8B | $1.7B | ||
| Q3 24 | $2.8B | $1.7B | ||
| Q2 24 | $2.7B | $1.7B | ||
| Q1 24 | $2.6B | $1.6B |
| Q4 25 | $13.0B | $2.6B | ||
| Q3 25 | $11.5B | $2.6B | ||
| Q2 25 | $11.2B | $2.7B | ||
| Q1 25 | $10.4B | $2.6B | ||
| Q4 24 | $10.5B | $2.6B | ||
| Q3 24 | $10.1B | $2.6B | ||
| Q2 24 | $9.5B | $2.5B | ||
| Q1 24 | $9.2B | $2.5B |
| Q4 25 | 2.54× | 0.20× | ||
| Q3 25 | 2.35× | 0.20× | ||
| Q2 25 | 2.48× | 0.20× | ||
| Q1 25 | 2.49× | 0.21× | ||
| Q4 24 | 2.62× | 0.21× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | 0.67× | 0.21× | ||
| Q1 24 | — | 0.21× |
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 | $67.0M |
| 自由现金流经营现金流 - 资本支出 | $118.0M | $-8.0M |
| 自由现金流率自由现金流/营收 | 29.4% | -1.4% |
| 资本支出强度资本支出/营收 | 13.9% | 13.3% |
| 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 | $91.0M |
8季度趋势，按日历期对齐
| Q4 25 | $173.7M | $67.0M | ||
| Q3 25 | $374.6M | $89.0M | ||
| Q2 25 | $74.6M | $162.0M | ||
| Q1 25 | $210.4M | $64.0M | ||
| Q4 24 | $312.0M | $105.0M | ||
| Q3 24 | $196.9M | $183.0M | ||
| Q2 24 | $68.8M | $212.0M | ||
| Q1 24 | $208.2M | $105.0M |
| Q4 25 | $118.0M | $-8.0M | ||
| Q3 25 | $320.2M | $5.0M | ||
| Q2 25 | $23.5M | $94.0M | ||
| Q1 25 | $157.4M | $0 | ||
| Q4 24 | $268.1M | $43.0M | ||
| Q3 24 | $152.7M | $139.0M | ||
| Q2 24 | $30.5M | $176.0M | ||
| Q1 24 | $161.7M | $64.0M |
| Q4 25 | 29.4% | -1.4% | ||
| Q3 25 | 99.9% | 0.8% | ||
| Q2 25 | 7.7% | 12.5% | ||
| Q1 25 | 57.7% | 0.0% | ||
| Q4 24 | 88.5% | 6.3% | ||
| Q3 24 | 65.9% | 19.3% | ||
| Q2 24 | 13.6% | 21.6% | ||
| Q1 24 | 82.9% | 8.8% |
| Q4 25 | 13.9% | 13.3% | ||
| Q3 25 | 17.0% | 12.7% | ||
| Q2 25 | 16.7% | 9.0% | ||
| Q1 25 | 19.5% | 8.8% | ||
| Q4 24 | 14.5% | 9.1% | ||
| Q3 24 | 19.0% | 6.1% | ||
| Q2 24 | 17.1% | 4.4% | ||
| Q1 24 | 23.8% | 5.7% |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 4.64× | 9.89× | ||
| Q2 25 | 1.08× | 3.00× | ||
| Q1 25 | 75.03× | 0.70× | ||
| Q4 24 | 3.88× | 1.69× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | — | 1.32× | ||
| Q1 24 | — | 0.97× |
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% |
LPX
| OS Bvalueadd | $472.0M | 83% |
| Other | $84.0M | 15% |
| Otherproducts | $10.0M | 2% |
