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Affirm Holdings, Inc.（AFRM）与Childrens Place, Inc.（PLCE）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Childrens Place, Inc.的1.2倍（$401.4M vs $339.5M），Affirm Holdings, Inc.净利率更高（32.3% vs -1.3%，领先33.6%），Affirm Holdings, Inc.同比增速更快（32.5% vs -13.0%），Affirm Holdings, Inc.自由现金流更多（$118.0M vs $-3.4M），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs -13.6%）
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。
Children’s Place是专业儿童服饰零售商，产品主要以旗下自有品牌发售，涵盖Gymboree、Sugar & Jade、PJ Place、Crazy 8等。目前该品牌在美国、加拿大、波多黎各共开设约525家门店，同时通过两个线上渠道以及15个国家的5家加盟合作伙伴开展销售，产品涵盖上衣、裙装、鞋履、裤装、睡衣、背包等全品类儿童服饰配件。
AFRM vs PLCE — 直观对比
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $339.5M |
| 净利润 | $129.6M | $-4.3M |
| 毛利率 | — | 33.1% |
| 营业利润率 | 29.3% | 1.1% |
| 净利率 | 32.3% | -1.3% |
| 营收同比 | 32.5% | -13.0% |
| 净利润同比 | 61.3% | -121.5% |
| 每股收益（稀释后） | $0.37 | $-0.19 |
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 | $339.5M | ||
| Q3 25 | $320.5M | $298.0M | ||
| Q2 25 | $306.6M | $242.1M | ||
| Q1 25 | $272.5M | $408.6M | ||
| Q4 24 | $303.0M | $390.2M | ||
| Q3 24 | $231.8M | $319.7M | ||
| Q2 24 | $224.0M | $267.9M | ||
| Q1 24 | $195.0M | $455.0M |
| Q4 25 | $129.6M | $-4.3M | ||
| Q3 25 | $80.7M | $-5.4M | ||
| Q2 25 | $69.2M | $-34.0M | ||
| Q1 25 | $2.8M | $-8.0M | ||
| Q4 24 | $80.4M | $20.1M | ||
| Q3 24 | $-100.2M | $-32.1M | ||
| Q2 24 | $-45.1M | $-37.8M | ||
| Q1 24 | $-133.9M | $-128.8M |
| Q4 25 | — | 33.1% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 29.2% | ||
| Q1 25 | — | 28.5% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 35.0% | ||
| Q2 24 | — | 34.6% | ||
| Q1 24 | — | 21.8% |
| Q4 25 | 29.3% | 1.1% | ||
| Q3 25 | 19.9% | 1.4% | ||
| Q2 25 | 18.9% | -10.0% | ||
| Q1 25 | -3.1% | 1.7% | ||
| Q4 24 | -1.4% | 7.5% | ||
| Q3 24 | -57.2% | -6.8% | ||
| Q2 24 | -32.8% | -10.4% | ||
| Q1 24 | -82.5% | -13.6% |
| Q4 25 | 32.3% | -1.3% | ||
| Q3 25 | 25.2% | -1.8% | ||
| Q2 25 | 22.6% | -14.1% | ||
| Q1 25 | 1.0% | -2.0% | ||
| Q4 24 | 26.5% | 5.1% | ||
| Q3 24 | -43.2% | -10.0% | ||
| Q2 24 | -20.2% | -14.1% | ||
| Q1 24 | -68.7% | -28.3% |
| Q4 25 | $0.37 | $-0.19 | ||
| Q3 25 | $0.23 | $-0.24 | ||
| Q2 25 | $0.22 | $-1.57 | ||
| Q1 25 | $0.01 | $-0.60 | ||
| Q4 24 | $0.23 | $1.57 | ||
| Q3 24 | $-0.31 | $-2.51 | ||
| Q2 24 | $-0.13 | $-2.98 | ||
| Q1 24 | $-0.43 | $-10.24 |
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 | $7.3M |
| 总债务越低越好 | $9.0B | $107.4M |
| 股东权益账面价值 | $3.5B | $-8.6M |
| 总资产 | $13.0B | $762.5M |
| 负债/权益比越低杠杆越低 | 2.54× | — |
8季度趋势，按日历期对齐
| Q4 25 | $1.5B | $7.3M | ||
| Q3 25 | $1.4B | $7.8M | ||
| Q2 25 | $1.4B | $5.7M | ||
| Q1 25 | $1.4B | $5.3M | ||
| Q4 24 | $1.2B | $5.7M | ||
| Q3 24 | $1.0B | $9.6M | ||
| Q2 24 | $1.0B | $13.0M | ||
| Q1 24 | $1.3B | $13.6M |
| Q4 25 | $9.0B | $107.4M | ||
| Q3 25 | $7.7B | $107.2M | ||
| Q2 25 | $7.6B | $107.0M | ||
| Q1 25 | $7.1B | $166.0M | ||
| Q4 24 | $7.3B | $165.7M | ||
| Q3 24 | — | $165.4M | ||
| Q2 24 | $1.8B | $166.6M | ||
| Q1 24 | — | $49.8M |
| Q4 25 | $3.5B | $-8.6M | ||
| Q3 25 | $3.3B | $-4.9M | ||
| Q2 25 | $3.1B | $1.4M | ||
| Q1 25 | $2.9B | $-59.4M | ||
| Q4 24 | $2.8B | $-49.6M | ||
| Q3 24 | $2.8B | $-68.9M | ||
| Q2 24 | $2.7B | $-34.9M | ||
| Q1 24 | $2.6B | $-9.0M |
| Q4 25 | $13.0B | $762.5M | ||
| Q3 25 | $11.5B | $805.1M | ||
| Q2 25 | $11.2B | $779.6M | ||
| Q1 25 | $10.4B | $747.6M | ||
| Q4 24 | $10.5B | $888.8M | ||
| Q3 24 | $10.1B | $921.4M | ||
| Q2 24 | $9.5B | $848.3M | ||
| Q1 24 | $9.2B | $800.3M |
| Q4 25 | 2.54× | — | ||
| Q3 25 | 2.35× | — | ||
| Q2 25 | 2.48× | 75.63× | ||
| Q1 25 | 2.49× | — | ||
| Q4 24 | 2.62× | — | ||
| 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 | $6.2M |
| 自由现金流经营现金流 - 资本支出 | $118.0M | $-3.4M |
| 自由现金流率自由现金流/营收 | 29.4% | -1.0% |
| 资本支出强度资本支出/营收 | 13.9% | 2.8% |
| 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 | $39.5M |
8季度趋势，按日历期对齐
| Q4 25 | $173.7M | $6.2M | ||
| Q3 25 | $374.6M | $-30.5M | ||
| Q2 25 | $74.6M | $-43.0M | ||
| Q1 25 | $210.4M | $121.3M | ||
| Q4 24 | $312.0M | $-44.2M | ||
| Q3 24 | $196.9M | $-83.9M | ||
| Q2 24 | $68.8M | $-110.8M | ||
| Q1 24 | $208.2M | $135.4M |
| Q4 25 | $118.0M | $-3.4M | ||
| Q3 25 | $320.2M | $-31.9M | ||
| Q2 25 | $23.5M | $-46.4M | ||
| Q1 25 | $157.4M | $121.2M | ||
| Q4 24 | $268.1M | $-47.7M | ||
| Q3 24 | $152.7M | $-91.7M | ||
| Q2 24 | $30.5M | $-115.5M | ||
| Q1 24 | $161.7M | $132.2M |
| Q4 25 | 29.4% | -1.0% | ||
| Q3 25 | 99.9% | -10.7% | ||
| Q2 25 | 7.7% | -19.2% | ||
| Q1 25 | 57.7% | 29.7% | ||
| Q4 24 | 88.5% | -12.2% | ||
| Q3 24 | 65.9% | -28.7% | ||
| Q2 24 | 13.6% | -43.1% | ||
| Q1 24 | 82.9% | 29.1% |
| Q4 25 | 13.9% | 2.8% | ||
| Q3 25 | 17.0% | 0.5% | ||
| Q2 25 | 16.7% | 1.4% | ||
| Q1 25 | 19.5% | 0.0% | ||
| Q4 24 | 14.5% | 0.9% | ||
| Q3 24 | 19.0% | 2.4% | ||
| Q2 24 | 17.1% | 1.8% | ||
| Q1 24 | 23.8% | 0.7% |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 4.64× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 75.03× | — | ||
| Q4 24 | 3.88× | -2.20× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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% |
PLCE
| The Childrens Place US | $307.4M | 91% |
| The Childrens Place International | $32.1M | 9% |
| Gift Cards | $1.7M | 1% |
