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Affirm Holdings, Inc.（AFRM）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
RBC Bearings INC的季度营收约是Affirm Holdings, Inc.的1.1倍（$461.6M vs $401.4M），Affirm Holdings, Inc.净利率更高（32.3% vs 14.6%，领先17.7%），Affirm Holdings, Inc.同比增速更快（32.5% vs 17.0%），Affirm Holdings, Inc.自由现金流更多（$118.0M vs $99.1M），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs 5.6%）
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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
AFRM vs RBC — 直观对比
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $461.6M |
| 净利润 | $129.6M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 29.3% | 22.3% |
| 净利率 | 32.3% | 14.6% |
| 营收同比 | 32.5% | 17.0% |
| 净利润同比 | 61.3% | 16.4% |
| 每股收益（稀释后） | $0.37 | $2.13 |
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 | $461.6M | ||
| Q3 25 | $320.5M | $455.3M | ||
| Q2 25 | $306.6M | $436.0M | ||
| Q1 25 | $272.5M | $437.7M | ||
| Q4 24 | $303.0M | $394.4M | ||
| Q3 24 | $231.8M | $397.9M | ||
| Q2 24 | $224.0M | $406.3M | ||
| Q1 24 | $195.0M | $413.7M |
| Q4 25 | $129.6M | $67.4M | ||
| Q3 25 | $80.7M | $60.0M | ||
| Q2 25 | $69.2M | $68.5M | ||
| Q1 25 | $2.8M | $72.7M | ||
| Q4 24 | $80.4M | $57.9M | ||
| Q3 24 | $-100.2M | $54.2M | ||
| Q2 24 | $-45.1M | $61.4M | ||
| Q1 24 | $-133.9M | — |
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
| Q4 25 | 29.3% | 22.3% | ||
| Q3 25 | 19.9% | 21.5% | ||
| Q2 25 | 18.9% | 23.2% | ||
| Q1 25 | -3.1% | 23.0% | ||
| Q4 24 | -1.4% | 21.7% | ||
| Q3 24 | -57.2% | 21.6% | ||
| Q2 24 | -32.8% | 24.0% | ||
| Q1 24 | -82.5% | 22.8% |
| Q4 25 | 32.3% | 14.6% | ||
| Q3 25 | 25.2% | 13.2% | ||
| Q2 25 | 22.6% | 15.7% | ||
| Q1 25 | 1.0% | 16.6% | ||
| Q4 24 | 26.5% | 14.7% | ||
| Q3 24 | -43.2% | 13.6% | ||
| Q2 24 | -20.2% | 15.1% | ||
| Q1 24 | -68.7% | — |
| Q4 25 | $0.37 | $2.13 | ||
| Q3 25 | $0.23 | $1.90 | ||
| Q2 25 | $0.22 | $2.17 | ||
| Q1 25 | $0.01 | $2.33 | ||
| Q4 24 | $0.23 | $1.82 | ||
| Q3 24 | $-0.31 | $1.65 | ||
| Q2 24 | $-0.13 | $1.90 | ||
| Q1 24 | $-0.43 | $1.92 |
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 | $107.6M |
| 总债务越低越好 | $9.0B | $990.2M |
| 股东权益账面价值 | $3.5B | $3.3B |
| 总资产 | $13.0B | $5.1B |
| 负债/权益比越低杠杆越低 | 2.54× | 0.30× |
8季度趋势，按日历期对齐
| Q4 25 | $1.5B | $107.6M | ||
| Q3 25 | $1.4B | $91.2M | ||
| Q2 25 | $1.4B | $132.9M | ||
| Q1 25 | $1.4B | $36.8M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | $76.8M | ||
| Q1 24 | $1.3B | $63.5M |
| Q4 25 | $9.0B | $990.2M | ||
| Q3 25 | $7.7B | $1.1B | ||
| Q2 25 | $7.6B | $915.6M | ||
| Q1 25 | $7.1B | $920.1M | ||
| Q4 24 | $7.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $3.5B | $3.3B | ||
| Q3 25 | $3.3B | $3.2B | ||
| Q2 25 | $3.1B | $3.1B | ||
| Q1 25 | $2.9B | $3.0B | ||
| Q4 24 | $2.8B | $2.9B | ||
| Q3 24 | $2.8B | $2.9B | ||
| Q2 24 | $2.7B | $2.8B | ||
| Q1 24 | $2.6B | $2.8B |
| Q4 25 | $13.0B | $5.1B | ||
| Q3 25 | $11.5B | $5.1B | ||
| Q2 25 | $11.2B | $4.8B | ||
| Q1 25 | $10.4B | $4.7B | ||
| Q4 24 | $10.5B | $4.7B | ||
| Q3 24 | $10.1B | $4.7B | ||
| Q2 24 | $9.5B | $4.7B | ||
| Q1 24 | $9.2B | $4.7B |
| Q4 25 | 2.54× | 0.30× | ||
| Q3 25 | 2.35× | 0.34× | ||
| Q2 25 | 2.48× | 0.29× | ||
| Q1 25 | 2.49× | 0.30× | ||
| Q4 24 | 2.62× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.67× | — | ||
| Q1 24 | — | 0.43× |
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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $118.0M | $99.1M |
| 自由现金流率自由现金流/营收 | 29.4% | 21.5% |
| 资本支出强度资本支出/营收 | 13.9% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.34× | 1.81× |
| 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
| Q4 25 | $173.7M | $122.1M | ||
| Q3 25 | $374.6M | $88.4M | ||
| Q2 25 | $74.6M | $120.0M | ||
| Q1 25 | $210.4M | — | ||
| Q4 24 | $312.0M | $84.0M | ||
| Q3 24 | $196.9M | — | ||
| Q2 24 | $68.8M | $97.4M | ||
| Q1 24 | $208.2M | — |
| Q4 25 | $118.0M | $99.1M | ||
| Q3 25 | $320.2M | $71.7M | ||
| Q2 25 | $23.5M | $104.3M | ||
| Q1 25 | $157.4M | — | ||
| Q4 24 | $268.1M | $73.6M | ||
| Q3 24 | $152.7M | — | ||
| Q2 24 | $30.5M | $88.4M | ||
| Q1 24 | $161.7M | — |
| Q4 25 | 29.4% | 21.5% | ||
| Q3 25 | 99.9% | 15.7% | ||
| Q2 25 | 7.7% | 23.9% | ||
| Q1 25 | 57.7% | — | ||
| Q4 24 | 88.5% | 18.7% | ||
| Q3 24 | 65.9% | — | ||
| Q2 24 | 13.6% | 21.8% | ||
| Q1 24 | 82.9% | — |
| Q4 25 | 13.9% | 5.0% | ||
| Q3 25 | 17.0% | 3.7% | ||
| Q2 25 | 16.7% | 3.6% | ||
| Q1 25 | 19.5% | 3.2% | ||
| Q4 24 | 14.5% | 2.6% | ||
| Q3 24 | 19.0% | 4.1% | ||
| Q2 24 | 17.1% | 2.2% | ||
| Q1 24 | 23.8% | — |
| Q4 25 | 1.34× | 1.81× | ||
| Q3 25 | 4.64× | 1.47× | ||
| Q2 25 | 1.08× | 1.75× | ||
| Q1 25 | 75.03× | — | ||
| Q4 24 | 3.88× | 1.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.59× | ||
| 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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
