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Affirm Holdings, Inc.（AFRM）与PROCORE TECHNOLOGIES, INC.（PCOR）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PROCORE TECHNOLOGIES, INC.的1.1倍（$401.4M vs $359.3M），Affirm Holdings, Inc.净利率更高（32.3% vs -2.5%，领先34.8%），Affirm Holdings, Inc.同比增速更快（32.5% vs 15.7%），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs 12.4%）
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。
Procore Technologies是2002年成立的美国建筑管理软件即服务（SaaS）企业，总部位于加利福尼亚州卡平特里亚。公司打造的全球平台可连接建筑行业从业者，支持搭建简化工作流，统一展现建筑项目信息，覆盖任务追踪、项目流程管理、日程排期等核心功能。
AFRM vs PCOR — 直观对比
营收规模更大
AFRM
是对方的1.1倍
$359.3M
营收增速更快
AFRM
高出16.8%
15.7%
净利率更高
AFRM
高出34.8%
-2.5%
两年增速更快
AFRM
近两年复合增速
12.4%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $359.3M |
| 净利润 | $129.6M | $-9.1M |
| 毛利率 | — | 80.1% |
| 营业利润率 | 29.3% | 15.5% |
| 净利率 | 32.3% | -2.5% |
| 营收同比 | 32.5% | 15.7% |
| 净利润同比 | 61.3% | 72.4% |
| 每股收益（稀释后） | $0.37 | $-0.06 |
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AFRMPCOR
| Q1 26 | — | $359.3M | ||
| Q4 25 | $401.4M | $349.1M | ||
| Q3 25 | $320.5M | $338.9M | ||
| Q2 25 | $306.6M | $323.9M | ||
| Q1 25 | $272.5M | $310.6M | ||
| Q4 24 | $303.0M | $302.0M | ||
| Q3 24 | $231.8M | $295.9M | ||
| Q2 24 | $224.0M | $284.3M |
净利润AFRMPCOR
| Q1 26 | — | $-9.1M | ||
| Q4 25 | $129.6M | $-37.6M | ||
| Q3 25 | $80.7M | $-9.1M | ||
| Q2 25 | $69.2M | $-21.1M | ||
| Q1 25 | $2.8M | $-33.0M | ||
| Q4 24 | $80.4M | $-62.3M | ||
| Q3 24 | $-100.2M | $-26.4M | ||
| Q2 24 | $-45.1M | $-6.3M |
毛利率AFRMPCOR
| Q1 26 | — | 80.1% | ||
| Q4 25 | — | 80.1% | ||
| Q3 25 | — | 79.7% | ||
| Q2 25 | — | 79.1% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 81.2% | ||
| Q3 24 | — | 81.4% | ||
| Q2 24 | — | 83.1% |
营业利润率AFRMPCOR
| Q1 26 | — | 15.5% | ||
| Q4 25 | 29.3% | -12.3% | ||
| Q3 25 | 19.9% | -4.4% | ||
| Q2 25 | 18.9% | -9.3% | ||
| Q1 25 | -3.1% | -11.7% | ||
| Q4 24 | -1.4% | -21.9% | ||
| Q3 24 | -57.2% | -12.3% | ||
| Q2 24 | -32.8% | -5.2% |
净利率AFRMPCOR
| Q1 26 | — | -2.5% | ||
| Q4 25 | 32.3% | -10.8% | ||
| Q3 25 | 25.2% | -2.7% | ||
| Q2 25 | 22.6% | -6.5% | ||
| Q1 25 | 1.0% | -10.6% | ||
| Q4 24 | 26.5% | -20.6% | ||
| Q3 24 | -43.2% | -8.9% | ||
| Q2 24 | -20.2% | -2.2% |
每股收益（稀释后）AFRMPCOR
| Q1 26 | — | $-0.06 | ||
| Q4 25 | $0.37 | $-0.25 | ||
| Q3 25 | $0.23 | $-0.06 | ||
| Q2 25 | $0.22 | $-0.14 | ||
| Q1 25 | $0.01 | $-0.22 | ||
| Q4 24 | $0.23 | $-0.42 | ||
| Q3 24 | $-0.31 | $-0.18 | ||
| Q2 24 | $-0.13 | $-0.04 |
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 | $386.0M |
| 总债务越低越好 | $9.0B | — |
| 股东权益账面价值 | $3.5B | $1.2B |
| 总资产 | $13.0B | $2.1B |
| 负债/权益比越低杠杆越低 | 2.54× | — |
8季度趋势，按日历期对齐
现金及短期投资AFRMPCOR
| Q1 26 | — | $386.0M | ||
| Q4 25 | $1.5B | $768.5M | ||
| Q3 25 | $1.4B | $684.0M | ||
| Q2 25 | $1.4B | $620.9M | ||
| Q1 25 | $1.4B | $566.7M | ||
| Q4 24 | $1.2B | $775.4M | ||
| Q3 24 | $1.0B | $756.9M | ||
| Q2 24 | $1.0B | $735.4M |
总债务AFRMPCOR
| Q1 26 | — | — | ||
| 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 | — |
股东权益AFRMPCOR
| Q1 26 | — | $1.2B | ||
| Q4 25 | $3.5B | $1.3B | ||
| Q3 25 | $3.3B | $1.2B | ||
| Q2 25 | $3.1B | $1.2B | ||
| Q1 25 | $2.9B | $1.2B | ||
| Q4 24 | $2.8B | $1.3B | ||
| Q3 24 | $2.8B | $1.3B | ||
| Q2 24 | $2.7B | $1.3B |
总资产AFRMPCOR
| Q1 26 | — | $2.1B | ||
| Q4 25 | $13.0B | $2.2B | ||
| Q3 25 | $11.5B | $2.1B | ||
| Q2 25 | $11.2B | $2.0B | ||
| Q1 25 | $10.4B | $1.9B | ||
| Q4 24 | $10.5B | $2.1B | ||
| Q3 24 | $10.1B | $2.0B | ||
| Q2 24 | $9.5B | $2.0B |
负债/权益比AFRMPCOR
| Q1 26 | — | — | ||
| 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× | — |
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 | $76.8M |
| 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AFRMPCOR
| Q1 26 | — | $76.8M | ||
| Q4 25 | $173.7M | $114.9M | ||
| Q3 25 | $374.6M | $88.5M | ||
| Q2 25 | $74.6M | $30.8M | ||
| Q1 25 | $210.4M | $66.0M | ||
| Q4 24 | $312.0M | $29.1M | ||
| Q3 24 | $196.9M | $39.3M | ||
| Q2 24 | $68.8M | $58.7M |
自由现金流AFRMPCOR
| Q1 26 | — | — | ||
| Q4 25 | $118.0M | $109.2M | ||
| Q3 25 | $320.2M | $83.1M | ||
| Q2 25 | $23.5M | $27.9M | ||
| Q1 25 | $157.4M | $62.0M | ||
| Q4 24 | $268.1M | $17.4M | ||
| Q3 24 | $152.7M | $35.7M | ||
| Q2 24 | $30.5M | $56.8M |
自由现金流率AFRMPCOR
| Q1 26 | — | — | ||
| Q4 25 | 29.4% | 31.3% | ||
| Q3 25 | 99.9% | 24.5% | ||
| Q2 25 | 7.7% | 8.6% | ||
| Q1 25 | 57.7% | 20.0% | ||
| Q4 24 | 88.5% | 5.8% | ||
| Q3 24 | 65.9% | 12.1% | ||
| Q2 24 | 13.6% | 20.0% |
资本支出强度AFRMPCOR
| Q1 26 | — | — | ||
| Q4 25 | 13.9% | 1.6% | ||
| Q3 25 | 17.0% | 1.6% | ||
| Q2 25 | 16.7% | 0.9% | ||
| Q1 25 | 19.5% | 1.3% | ||
| Q4 24 | 14.5% | 3.9% | ||
| Q3 24 | 19.0% | 1.2% | ||
| Q2 24 | 17.1% | 0.7% |
现金转化率AFRMPCOR
| Q1 26 | — | — | ||
| Q4 25 | 1.34× | — | ||
| Q3 25 | 4.64× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 75.03× | — | ||
| Q4 24 | 3.88× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
PCOR
暂无分部数据
