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Affirm Holdings, Inc.（AFRM）与迈心诺（MASI）财务数据对比。点击上方公司名可切换其他公司
Affirm Holdings, Inc.的季度营收约是迈心诺的1.1倍（$401.4M vs $371.5M），Affirm Holdings, Inc.净利率更高（32.3% vs -27.0%，领先59.3%），Affirm Holdings, Inc.同比增速更快（32.5% vs -26.4%），Affirm Holdings, Inc.自由现金流更多（$118.0M vs $50.9M），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs -17.7%）
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。
迈心诺（Masimo Corporation）是总部位于美国加利福尼亚州尔湾的健康科技及消费电子企业，核心产品包括面向医院及家用场景的患者监护设备、无创传感器及配套软件平台，同时也布局了消费级音频和可穿戴设备赛道。
AFRM vs MASI — 直观对比
营收规模更大
AFRM
是对方的1.1倍
$371.5M
营收增速更快
AFRM
高出58.8%
-26.4%
净利率更高
AFRM
高出59.3%
-27.0%
自由现金流更多
AFRM
多$67.1M
$50.9M
两年增速更快
AFRM
近两年复合增速
-17.7%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $371.5M |
| 净利润 | $129.6M | $-100.4M |
| 毛利率 | — | 62.1% |
| 营业利润率 | 29.3% | 22.5% |
| 净利率 | 32.3% | -27.0% |
| 营收同比 | 32.5% | -26.4% |
| 净利润同比 | 61.3% | -1124.5% |
| 每股收益（稀释后） | $0.37 | $-1.84 |
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AFRMMASI
| Q4 25 | $401.4M | — | ||
| Q3 25 | $320.5M | $371.5M | ||
| Q2 25 | $306.6M | $370.9M | ||
| Q1 25 | $272.5M | $372.0M | ||
| Q4 24 | $303.0M | $600.7M | ||
| Q3 24 | $231.8M | $504.6M | ||
| Q2 24 | $224.0M | $496.3M | ||
| Q1 24 | $195.0M | $492.8M |
净利润AFRMMASI
| Q4 25 | $129.6M | — | ||
| Q3 25 | $80.7M | $-100.4M | ||
| Q2 25 | $69.2M | $51.3M | ||
| Q1 25 | $2.8M | $-170.7M | ||
| Q4 24 | $80.4M | $-349.6M | ||
| Q3 24 | $-100.2M | $9.8M | ||
| Q2 24 | $-45.1M | $16.0M | ||
| Q1 24 | $-133.9M | $18.9M |
毛利率AFRMMASI
| Q4 25 | — | — | ||
| Q3 25 | — | 62.1% | ||
| Q2 25 | — | 62.9% | ||
| Q1 25 | — | 62.9% | ||
| Q4 24 | — | 40.7% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | — | 51.3% | ||
| Q1 24 | — | 49.0% |
营业利润率AFRMMASI
| Q4 25 | 29.3% | — | ||
| Q3 25 | 19.9% | 22.5% | ||
| Q2 25 | 18.9% | 17.4% | ||
| Q1 25 | -3.1% | 21.0% | ||
| Q4 24 | -1.4% | -59.8% | ||
| Q3 24 | -57.2% | 6.0% | ||
| Q2 24 | -32.8% | 5.7% | ||
| Q1 24 | -82.5% | 6.9% |
净利率AFRMMASI
| Q4 25 | 32.3% | — | ||
| Q3 25 | 25.2% | -27.0% | ||
| Q2 25 | 22.6% | 13.8% | ||
| Q1 25 | 1.0% | -45.9% | ||
| Q4 24 | 26.5% | -58.2% | ||
| Q3 24 | -43.2% | 1.9% | ||
| Q2 24 | -20.2% | 3.2% | ||
| Q1 24 | -68.7% | 3.8% |
每股收益（稀释后）AFRMMASI
| Q4 25 | $0.37 | — | ||
| Q3 25 | $0.23 | $-1.84 | ||
| Q2 25 | $0.22 | $0.94 | ||
| Q1 25 | $0.01 | $-3.12 | ||
| Q4 24 | $0.23 | $-6.54 | ||
| Q3 24 | $-0.31 | $0.18 | ||
| Q2 24 | $-0.13 | $0.29 | ||
| Q1 24 | $-0.43 | $0.35 |
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 | $312.3M |
| 总债务越低越好 | $9.0B | $559.1M |
| 股东权益账面价值 | $3.5B | $810.0M |
| 总资产 | $13.0B | $1.8B |
| 负债/权益比越低杠杆越低 | 2.54× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资AFRMMASI
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | $312.3M | ||
| Q2 25 | $1.4B | $149.6M | ||
| Q1 25 | $1.4B | $130.8M | ||
| Q4 24 | $1.2B | $177.6M | ||
| Q3 24 | $1.0B | $158.5M | ||
| Q2 24 | $1.0B | $129.6M | ||
| Q1 24 | $1.3B | $157.6M |
总债务AFRMMASI
| Q4 25 | $9.0B | — | ||
| Q3 25 | $7.7B | $559.1M | ||
| Q2 25 | $7.6B | $613.7M | ||
| Q1 25 | $7.1B | $651.0M | ||
| Q4 24 | $7.3B | $765.2M | ||
| Q3 24 | — | $772.6M | ||
| Q2 24 | $1.8B | $781.6M | ||
| Q1 24 | — | $876.0M |
股东权益AFRMMASI
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.3B | $810.0M | ||
| Q2 25 | $3.1B | $1.0B | ||
| Q1 25 | $2.9B | $946.4M | ||
| Q4 24 | $2.8B | $1.1B | ||
| Q3 24 | $2.8B | $1.5B | ||
| Q2 24 | $2.7B | $1.4B | ||
| Q1 24 | $2.6B | $1.4B |
总资产AFRMMASI
| Q4 25 | $13.0B | — | ||
| Q3 25 | $11.5B | $1.8B | ||
| Q2 25 | $11.2B | $2.4B | ||
| Q1 25 | $10.4B | $2.3B | ||
| Q4 24 | $10.5B | $2.6B | ||
| Q3 24 | $10.1B | $3.1B | ||
| Q2 24 | $9.5B | $2.9B | ||
| Q1 24 | $9.2B | $3.0B |
负债/权益比AFRMMASI
| Q4 25 | 2.54× | — | ||
| Q3 25 | 2.35× | 0.69× | ||
| Q2 25 | 2.48× | 0.59× | ||
| Q1 25 | 2.49× | 0.69× | ||
| Q4 24 | 2.62× | 0.73× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | 0.67× | 0.57× | ||
| Q1 24 | — | 0.64× |
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 | $56.8M |
| 自由现金流经营现金流 - 资本支出 | $118.0M | $50.9M |
| 自由现金流率自由现金流/营收 | 29.4% | 13.7% |
| 资本支出强度资本支出/营收 | 13.9% | 1.6% |
| 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 | $191.0M |
8季度趋势，按日历期对齐
经营现金流AFRMMASI
| Q4 25 | $173.7M | — | ||
| Q3 25 | $374.6M | $56.8M | ||
| Q2 25 | $74.6M | $69.4M | ||
| Q1 25 | $210.4M | $31.1M | ||
| Q4 24 | $312.0M | $50.5M | ||
| Q3 24 | $196.9M | $25.6M | ||
| Q2 24 | $68.8M | $74.5M | ||
| Q1 24 | $208.2M | $45.8M |
自由现金流AFRMMASI
| Q4 25 | $118.0M | — | ||
| Q3 25 | $320.2M | $50.9M | ||
| Q2 25 | $23.5M | $65.6M | ||
| Q1 25 | $157.4M | $28.5M | ||
| Q4 24 | $268.1M | $46.0M | ||
| Q3 24 | $152.7M | $16.9M | ||
| Q2 24 | $30.5M | $66.9M | ||
| Q1 24 | $161.7M | $37.6M |
自由现金流率AFRMMASI
| Q4 25 | 29.4% | — | ||
| Q3 25 | 99.9% | 13.7% | ||
| Q2 25 | 7.7% | 17.7% | ||
| Q1 25 | 57.7% | 7.7% | ||
| Q4 24 | 88.5% | 7.7% | ||
| Q3 24 | 65.9% | 3.3% | ||
| Q2 24 | 13.6% | 13.5% | ||
| Q1 24 | 82.9% | 7.6% |
资本支出强度AFRMMASI
| Q4 25 | 13.9% | — | ||
| Q3 25 | 17.0% | 1.6% | ||
| Q2 25 | 16.7% | 1.0% | ||
| Q1 25 | 19.5% | 0.7% | ||
| Q4 24 | 14.5% | 0.7% | ||
| Q3 24 | 19.0% | 1.7% | ||
| Q2 24 | 17.1% | 1.5% | ||
| Q1 24 | 23.8% | 1.7% |
现金转化率AFRMMASI
| Q4 25 | 1.34× | — | ||
| Q3 25 | 4.64× | — | ||
| Q2 25 | 1.08× | 1.35× | ||
| Q1 25 | 75.03× | — | ||
| Q4 24 | 3.88× | — | ||
| Q3 24 | — | 2.61× | ||
| Q2 24 | — | 4.66× | ||
| Q1 24 | — | 2.42× |
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% |
MASI
暂无分部数据
