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Affirm Holdings, Inc.（AFRM）与PERDOCEO EDUCATION Corp（PRDO）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PERDOCEO EDUCATION Corp的1.9倍（$401.4M vs $211.6M），Affirm Holdings, Inc.同比增速更快（32.5% vs 20.0%），Affirm Holdings, Inc.自由现金流更多（$118.0M vs $37.9M），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs 12.2%）
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。
Perdoceo Education是美国上市营利性教育集团，前身为职业教育公司（Career Education Corporation），旗下运营五所美国营利性大学，包括美国洲际大学、科罗拉多理工大学、南加利福尼亚大学、三叉戟国际大学及圣奥古斯丁健康科学大学，业务覆盖高等教育、职业教育及健康科学相关教育领域。
AFRM vs PRDO — 直观对比
营收规模更大
AFRM
是对方的1.9倍
$211.6M
营收增速更快
AFRM
高出12.5%
20.0%
自由现金流更多
AFRM
多$80.2M
$37.9M
两年增速更快
AFRM
近两年复合增速
12.2%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $211.6M |
| 净利润 | $129.6M | — |
| 毛利率 | — | — |
| 营业利润率 | 29.3% | 19.8% |
| 净利率 | 32.3% | — |
| 营收同比 | 32.5% | 20.0% |
| 净利润同比 | 61.3% | — |
| 每股收益（稀释后） | $0.37 | $0.55 |
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AFRMPRDO
| Q4 25 | $401.4M | $211.6M | ||
| Q3 25 | $320.5M | $211.9M | ||
| Q2 25 | $306.6M | $209.6M | ||
| Q1 25 | $272.5M | $213.0M | ||
| Q4 24 | $303.0M | $176.4M | ||
| Q3 24 | $231.8M | $169.8M | ||
| Q2 24 | $224.0M | $166.7M | ||
| Q1 24 | $195.0M | $168.3M |
净利润AFRMPRDO
| Q4 25 | $129.6M | — | ||
| Q3 25 | $80.7M | $39.9M | ||
| Q2 25 | $69.2M | $41.0M | ||
| Q1 25 | $2.8M | $43.7M | ||
| Q4 24 | $80.4M | — | ||
| Q3 24 | $-100.2M | $38.3M | ||
| Q2 24 | $-45.1M | $38.4M | ||
| Q1 24 | $-133.9M | $39.4M |
营业利润率AFRMPRDO
| Q4 25 | 29.3% | 19.8% | ||
| Q3 25 | 19.9% | 24.1% | ||
| Q2 25 | 18.9% | 24.5% | ||
| Q1 25 | -3.1% | 24.3% | ||
| Q4 24 | -1.4% | 21.1% | ||
| Q3 24 | -57.2% | 26.4% | ||
| Q2 24 | -32.8% | 27.6% | ||
| Q1 24 | -82.5% | 27.5% |
净利率AFRMPRDO
| Q4 25 | 32.3% | — | ||
| Q3 25 | 25.2% | 18.8% | ||
| Q2 25 | 22.6% | 19.6% | ||
| Q1 25 | 1.0% | 20.5% | ||
| Q4 24 | 26.5% | — | ||
| Q3 24 | -43.2% | 22.5% | ||
| Q2 24 | -20.2% | 23.0% | ||
| Q1 24 | -68.7% | 23.4% |
每股收益（稀释后）AFRMPRDO
| Q4 25 | $0.37 | $0.55 | ||
| Q3 25 | $0.23 | $0.60 | ||
| Q2 25 | $0.22 | $0.62 | ||
| Q1 25 | $0.01 | $0.65 | ||
| Q4 24 | $0.23 | $0.46 | ||
| Q3 24 | $-0.31 | $0.57 | ||
| Q2 24 | $-0.13 | $0.57 | ||
| Q1 24 | $-0.43 | $0.59 |
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 | $111.0M |
| 总债务越低越好 | $9.0B | — |
| 股东权益账面价值 | $3.5B | $972.4M |
| 总资产 | $13.0B | $1.2B |
| 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AFRMPRDO
| Q4 25 | $1.5B | $111.0M | ||
| Q3 25 | $1.4B | $159.5M | ||
| Q2 25 | $1.4B | $172.1M | ||
| Q1 25 | $1.4B | $132.1M | ||
| Q4 24 | $1.2B | $109.1M | ||
| Q3 24 | $1.0B | $238.0M | ||
| Q2 24 | $1.0B | $127.9M | ||
| Q1 24 | $1.3B | $125.8M |
总债务AFRMPRDO
| 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AFRMPRDO
| Q4 25 | $3.5B | $972.4M | ||
| Q3 25 | $3.3B | $997.9M | ||
| Q2 25 | $3.1B | $984.6M | ||
| Q1 25 | $2.9B | $970.3M | ||
| Q4 24 | $2.8B | $959.5M | ||
| Q3 24 | $2.8B | $935.4M | ||
| Q2 24 | $2.7B | $899.5M | ||
| Q1 24 | $2.6B | $866.1M |
总资产AFRMPRDO
| Q4 25 | $13.0B | $1.2B | ||
| Q3 25 | $11.5B | $1.3B | ||
| Q2 25 | $11.2B | $1.3B | ||
| Q1 25 | $10.4B | $1.3B | ||
| Q4 24 | $10.5B | $1.2B | ||
| Q3 24 | $10.1B | $1.1B | ||
| Q2 24 | $9.5B | $1.1B | ||
| Q1 24 | $9.2B | $1.1B |
负债/权益比AFRMPRDO
| 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 | $40.1M |
| 自由现金流经营现金流 - 资本支出 | $118.0M | $37.9M |
| 自由现金流率自由现金流/营收 | 29.4% | 17.9% |
| 资本支出强度资本支出/营收 | 13.9% | 1.1% |
| 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 | $216.7M |
8季度趋势，按日历期对齐
经营现金流AFRMPRDO
| Q4 25 | $173.7M | $40.1M | ||
| Q3 25 | $374.6M | $41.2M | ||
| Q2 25 | $74.6M | $78.8M | ||
| Q1 25 | $210.4M | $65.1M | ||
| Q4 24 | $312.0M | $17.6M | ||
| Q3 24 | $196.9M | $51.0M | ||
| Q2 24 | $68.8M | $38.5M | ||
| Q1 24 | $208.2M | $54.5M |
自由现金流AFRMPRDO
| Q4 25 | $118.0M | $37.9M | ||
| Q3 25 | $320.2M | $39.4M | ||
| Q2 25 | $23.5M | $76.0M | ||
| Q1 25 | $157.4M | $63.4M | ||
| Q4 24 | $268.1M | $16.0M | ||
| Q3 24 | $152.7M | $50.0M | ||
| Q2 24 | $30.5M | $37.7M | ||
| Q1 24 | $161.7M | $53.3M |
自由现金流率AFRMPRDO
| Q4 25 | 29.4% | 17.9% | ||
| Q3 25 | 99.9% | 18.6% | ||
| Q2 25 | 7.7% | 36.3% | ||
| Q1 25 | 57.7% | 29.8% | ||
| Q4 24 | 88.5% | 9.1% | ||
| Q3 24 | 65.9% | 29.4% | ||
| Q2 24 | 13.6% | 22.6% | ||
| Q1 24 | 82.9% | 31.7% |
资本支出强度AFRMPRDO
| Q4 25 | 13.9% | 1.1% | ||
| Q3 25 | 17.0% | 0.9% | ||
| Q2 25 | 16.7% | 1.3% | ||
| Q1 25 | 19.5% | 0.8% | ||
| Q4 24 | 14.5% | 0.9% | ||
| Q3 24 | 19.0% | 0.6% | ||
| Q2 24 | 17.1% | 0.5% | ||
| Q1 24 | 23.8% | 0.7% |
现金转化率AFRMPRDO
| Q4 25 | 1.34× | — | ||
| Q3 25 | 4.64× | 1.03× | ||
| Q2 25 | 1.08× | 1.92× | ||
| Q1 25 | 75.03× | 1.49× | ||
| Q4 24 | 3.88× | — | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 1.38× |
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% |
PRDO
| CTU | $107.0M | 51% |
| AIUS | $60.8M | 29% |
| University Of St Augustine For Health Sciences Llc | $43.7M | 21% |
| Other | $1.1M | 1% |
