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Affirm Holdings, Inc.（AFRM）与POWELL INDUSTRIES INC（POWL）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POWELL INDUSTRIES INC的1.6倍（$401.4M vs $251.2M），Affirm Holdings, Inc.净利率更高（32.3% vs 16.5%，领先15.8%），Affirm Holdings, Inc.同比增速更快（32.5% vs 4.0%），Affirm Holdings, Inc.自由现金流更多（$118.0M vs $41.6M），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs -0.8%）
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。
Powell Industries Inc.成立于1947年，总部位于美国得克萨斯州休斯敦，是专业的电气设备及集成封装解决方案供应商，产品主要面向工商业市场，用于电力配送环节的监测与控制。
AFRM vs POWL — 直观对比
营收规模更大
AFRM
是对方的1.6倍
$251.2M
营收增速更快
AFRM
高出28.4%
4.0%
净利率更高
AFRM
高出15.8%
16.5%
自由现金流更多
AFRM
多$76.4M
$41.6M
两年增速更快
AFRM
近两年复合增速
-0.8%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $251.2M |
| 净利润 | $129.6M | $41.4M |
| 毛利率 | — | 28.4% |
| 营业利润率 | 29.3% | 17.0% |
| 净利率 | 32.3% | 16.5% |
| 营收同比 | 32.5% | 4.0% |
| 净利润同比 | 61.3% | 19.1% |
| 每股收益（稀释后） | $0.37 | $3.40 |
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AFRMPOWL
| Q4 25 | $401.4M | $251.2M | ||
| Q3 25 | $320.5M | $298.0M | ||
| Q2 25 | $306.6M | $286.3M | ||
| Q1 25 | $272.5M | $278.6M | ||
| Q4 24 | $303.0M | $241.4M | ||
| Q3 24 | $231.8M | $275.1M | ||
| Q2 24 | $224.0M | $288.2M | ||
| Q1 24 | $195.0M | $255.1M |
净利润AFRMPOWL
| Q4 25 | $129.6M | $41.4M | ||
| Q3 25 | $80.7M | $51.4M | ||
| Q2 25 | $69.2M | $48.2M | ||
| Q1 25 | $2.8M | $46.3M | ||
| Q4 24 | $80.4M | $34.8M | ||
| Q3 24 | $-100.2M | $46.1M | ||
| Q2 24 | $-45.1M | $46.2M | ||
| Q1 24 | $-133.9M | $33.5M |
毛利率AFRMPOWL
| Q4 25 | — | 28.4% | ||
| Q3 25 | — | 31.4% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 24.7% | ||
| Q3 24 | — | 29.2% | ||
| Q2 24 | — | 28.4% | ||
| Q1 24 | — | 24.6% |
营业利润率AFRMPOWL
| Q4 25 | 29.3% | 17.0% | ||
| Q3 25 | 19.9% | 21.2% | ||
| Q2 25 | 18.9% | 21.0% | ||
| Q1 25 | -3.1% | 21.1% | ||
| Q4 24 | -1.4% | 14.7% | ||
| Q3 24 | -57.2% | 20.4% | ||
| Q2 24 | -32.8% | 19.9% | ||
| Q1 24 | -82.5% | 15.5% |
净利率AFRMPOWL
| Q4 25 | 32.3% | 16.5% | ||
| Q3 25 | 25.2% | 17.3% | ||
| Q2 25 | 22.6% | 16.8% | ||
| Q1 25 | 1.0% | 16.6% | ||
| Q4 24 | 26.5% | 14.4% | ||
| Q3 24 | -43.2% | 16.7% | ||
| Q2 24 | -20.2% | 16.0% | ||
| Q1 24 | -68.7% | 13.1% |
每股收益（稀释后）AFRMPOWL
| Q4 25 | $0.37 | $3.40 | ||
| Q3 25 | $0.23 | $4.23 | ||
| Q2 25 | $0.22 | $3.96 | ||
| Q1 25 | $0.01 | $3.81 | ||
| Q4 24 | $0.23 | $2.86 | ||
| Q3 24 | $-0.31 | $3.77 | ||
| Q2 24 | $-0.13 | $3.79 | ||
| Q1 24 | $-0.43 | $2.75 |
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 | $500.8M |
| 总债务越低越好 | $9.0B | — |
| 股东权益账面价值 | $3.5B | $668.9M |
| 总资产 | $13.0B | $1.1B |
| 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AFRMPOWL
| Q4 25 | $1.5B | $500.8M | ||
| Q3 25 | $1.4B | $475.5M | ||
| Q2 25 | $1.4B | $433.0M | ||
| Q1 25 | $1.4B | $389.3M | ||
| Q4 24 | $1.2B | $373.4M | ||
| Q3 24 | $1.0B | $358.4M | ||
| Q2 24 | $1.0B | $374.0M | ||
| Q1 24 | $1.3B | $365.3M |
总债务AFRMPOWL
| 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 | — | ||
| Q1 24 | — | — |
股东权益AFRMPOWL
| Q4 25 | $3.5B | $668.9M | ||
| Q3 25 | $3.3B | $640.8M | ||
| Q2 25 | $3.1B | $594.9M | ||
| Q1 25 | $2.9B | $541.4M | ||
| Q4 24 | $2.8B | $496.3M | ||
| Q3 24 | $2.8B | $483.1M | ||
| Q2 24 | $2.7B | $436.7M | ||
| Q1 24 | $2.6B | $393.8M |
总资产AFRMPOWL
| Q4 25 | $13.0B | $1.1B | ||
| Q3 25 | $11.5B | $1.1B | ||
| Q2 25 | $11.2B | $1.0B | ||
| Q1 25 | $10.4B | $965.4M | ||
| Q4 24 | $10.5B | $912.7M | ||
| Q3 24 | $10.1B | $928.2M | ||
| Q2 24 | $9.5B | $869.0M | ||
| Q1 24 | $9.2B | $849.6M |
负债/权益比AFRMPOWL
| 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× | — | ||
| 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 | $43.6M |
| 自由现金流经营现金流 - 资本支出 | $118.0M | $41.6M |
| 自由现金流率自由现金流/营收 | 29.4% | 16.6% |
| 资本支出强度资本支出/营收 | 13.9% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.34× | 1.05× |
| 过去12个月自由现金流最近4个季度 | $619.1M | $161.5M |
8季度趋势，按日历期对齐
经营现金流AFRMPOWL
| Q4 25 | $173.7M | $43.6M | ||
| Q3 25 | $374.6M | $61.1M | ||
| Q2 25 | $74.6M | $47.4M | ||
| Q1 25 | $210.4M | $22.4M | ||
| Q4 24 | $312.0M | $37.1M | ||
| Q3 24 | $196.9M | $-6.0M | ||
| Q2 24 | $68.8M | $13.8M | ||
| Q1 24 | $208.2M | $17.0M |
自由现金流AFRMPOWL
| Q4 25 | $118.0M | $41.6M | ||
| Q3 25 | $320.2M | $59.3M | ||
| Q2 25 | $23.5M | $42.3M | ||
| Q1 25 | $157.4M | $18.3M | ||
| Q4 24 | $268.1M | $34.9M | ||
| Q3 24 | $152.7M | $-14.4M | ||
| Q2 24 | $30.5M | $12.4M | ||
| Q1 24 | $161.7M | $16.1M |
自由现金流率AFRMPOWL
| Q4 25 | 29.4% | 16.6% | ||
| Q3 25 | 99.9% | 19.9% | ||
| Q2 25 | 7.7% | 14.8% | ||
| Q1 25 | 57.7% | 6.6% | ||
| Q4 24 | 88.5% | 14.4% | ||
| Q3 24 | 65.9% | -5.3% | ||
| Q2 24 | 13.6% | 4.3% | ||
| Q1 24 | 82.9% | 6.3% |
资本支出强度AFRMPOWL
| Q4 25 | 13.9% | 0.8% | ||
| Q3 25 | 17.0% | 0.6% | ||
| Q2 25 | 16.7% | 1.8% | ||
| Q1 25 | 19.5% | 1.5% | ||
| Q4 24 | 14.5% | 0.9% | ||
| Q3 24 | 19.0% | 3.1% | ||
| Q2 24 | 17.1% | 0.5% | ||
| Q1 24 | 23.8% | 0.4% |
现金转化率AFRMPOWL
| Q4 25 | 1.34× | 1.05× | ||
| Q3 25 | 4.64× | 1.19× | ||
| Q2 25 | 1.08× | 0.98× | ||
| Q1 25 | 75.03× | 0.48× | ||
| Q4 24 | 3.88× | 1.07× | ||
| Q3 24 | — | -0.13× | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 0.51× |
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% |
POWL
| Oil And Gas Service | $97.9M | 39% |
| Electricity | $69.3M | 28% |
| Commercial And Other Industrial | $40.6M | 16% |
| Petrochemical | $22.8M | 9% |
| Other Customers | $12.0M | 5% |
| Light Rail Traction Power Customer | $8.6M | 3% |
