vs
Affirm Holdings, Inc.（AFRM）与RPC INC（RES）财务数据对比。点击上方公司名可切换其他公司
RPC INC的季度营收约是Affirm Holdings, Inc.的1.1倍（$425.8M vs $401.4M），Affirm Holdings, Inc.净利率更高（32.3% vs -0.7%，领先33.0%），Affirm Holdings, Inc.同比增速更快（32.5% vs 27.0%），Affirm Holdings, Inc.自由现金流更多（$118.0M vs $31.2M），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs 6.2%）
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。
RPC集团是总部位于英国的企业，曾是欧洲规模最大的塑料包装供应商之一，总部坐落于北安普敦郡的拉什登。该公司此前在伦敦证券交易所上市，2019年被贝瑞全球集团收购，贝瑞全球集团又于2025年被安海斯包装收购。
AFRM vs RES — 直观对比
营收规模更大
RES
是对方的1.1倍
$401.4M
营收增速更快
AFRM
高出5.5%
27.0%
净利率更高
AFRM
高出33.0%
-0.7%
自由现金流更多
AFRM
多$86.8M
$31.2M
两年增速更快
AFRM
近两年复合增速
6.2%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $425.8M |
| 净利润 | $129.6M | $-3.1M |
| 毛利率 | — | 21.0% |
| 营业利润率 | 29.3% | -0.9% |
| 净利率 | 32.3% | -0.7% |
| 营收同比 | 32.5% | 27.0% |
| 净利润同比 | 61.3% | -124.0% |
| 每股收益（稀释后） | $0.37 | $-0.02 |
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AFRMRES
| Q4 25 | $401.4M | $425.8M | ||
| Q3 25 | $320.5M | $447.1M | ||
| Q2 25 | $306.6M | $420.8M | ||
| Q1 25 | $272.5M | $332.9M | ||
| Q4 24 | $303.0M | $335.4M | ||
| Q3 24 | $231.8M | $337.7M | ||
| Q2 24 | $224.0M | $364.2M | ||
| Q1 24 | $195.0M | $377.8M |
净利润AFRMRES
| Q4 25 | $129.6M | $-3.1M | ||
| Q3 25 | $80.7M | $13.0M | ||
| Q2 25 | $69.2M | $10.1M | ||
| Q1 25 | $2.8M | $12.0M | ||
| Q4 24 | $80.4M | $12.8M | ||
| Q3 24 | $-100.2M | $18.8M | ||
| Q2 24 | $-45.1M | $32.4M | ||
| Q1 24 | $-133.9M | $27.5M |
毛利率AFRMRES
| Q4 25 | — | 21.0% | ||
| Q3 25 | — | 25.1% | ||
| Q2 25 | — | 24.5% | ||
| Q1 25 | — | 26.7% | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 28.0% | ||
| Q1 24 | — | 26.8% |
营业利润率AFRMRES
| Q4 25 | 29.3% | -0.9% | ||
| Q3 25 | 19.9% | 4.7% | ||
| Q2 25 | 18.9% | 3.7% | ||
| Q1 25 | -3.1% | 3.7% | ||
| Q4 24 | -1.4% | 3.1% | ||
| Q3 24 | -57.2% | 5.7% | ||
| Q2 24 | -32.8% | 9.7% | ||
| Q1 24 | -82.5% | 8.6% |
净利率AFRMRES
| Q4 25 | 32.3% | -0.7% | ||
| Q3 25 | 25.2% | 2.9% | ||
| Q2 25 | 22.6% | 2.4% | ||
| Q1 25 | 1.0% | 3.6% | ||
| Q4 24 | 26.5% | 3.8% | ||
| Q3 24 | -43.2% | 5.6% | ||
| Q2 24 | -20.2% | 8.9% | ||
| Q1 24 | -68.7% | 7.3% |
每股收益（稀释后）AFRMRES
| Q4 25 | $0.37 | $-0.02 | ||
| Q3 25 | $0.23 | $0.06 | ||
| Q2 25 | $0.22 | $0.05 | ||
| Q1 25 | $0.01 | $0.06 | ||
| Q4 24 | $0.23 | $0.06 | ||
| Q3 24 | $-0.31 | $0.09 | ||
| Q2 24 | $-0.13 | $0.15 | ||
| Q1 24 | $-0.43 | $0.13 |
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 | $210.0M |
| 总债务越低越好 | $9.0B | — |
| 股东权益账面价值 | $3.5B | $1.1B |
| 总资产 | $13.0B | $1.5B |
| 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AFRMRES
| Q4 25 | $1.5B | $210.0M | ||
| Q3 25 | $1.4B | $163.5M | ||
| Q2 25 | $1.4B | $162.1M | ||
| Q1 25 | $1.4B | $326.7M | ||
| Q4 24 | $1.2B | $326.0M | ||
| Q3 24 | $1.0B | $276.9M | ||
| Q2 24 | $1.0B | $261.5M | ||
| Q1 24 | $1.3B | $212.2M |
总债务AFRMRES
| 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AFRMRES
| Q4 25 | $3.5B | $1.1B | ||
| Q3 25 | $3.3B | $1.1B | ||
| Q2 25 | $3.1B | $1.1B | ||
| Q1 25 | $2.9B | $1.1B | ||
| Q4 24 | $2.8B | $1.1B | ||
| Q3 24 | $2.8B | $1.1B | ||
| Q2 24 | $2.7B | $1.1B | ||
| Q1 24 | $2.6B | $1.0B |
总资产AFRMRES
| Q4 25 | $13.0B | $1.5B | ||
| Q3 25 | $11.5B | $1.5B | ||
| Q2 25 | $11.2B | $1.5B | ||
| Q1 25 | $10.4B | $1.3B | ||
| Q4 24 | $10.5B | $1.4B | ||
| Q3 24 | $10.1B | $1.3B | ||
| Q2 24 | $9.5B | $1.3B | ||
| Q1 24 | $9.2B | $1.3B |
负债/权益比AFRMRES
| 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 | $61.9M |
| 自由现金流经营现金流 - 资本支出 | $118.0M | $31.2M |
| 自由现金流率自由现金流/营收 | 29.4% | 7.3% |
| 资本支出强度资本支出/营收 | 13.9% | 7.2% |
| 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 | $52.9M |
8季度趋势，按日历期对齐
经营现金流AFRMRES
| Q4 25 | $173.7M | $61.9M | ||
| Q3 25 | $374.6M | $46.5M | ||
| Q2 25 | $74.6M | $53.1M | ||
| Q1 25 | $210.4M | $39.9M | ||
| Q4 24 | $312.0M | $94.2M | ||
| Q3 24 | $196.9M | $70.7M | ||
| Q2 24 | $68.8M | $127.9M | ||
| Q1 24 | $208.2M | $56.6M |
自由现金流AFRMRES
| Q4 25 | $118.0M | $31.2M | ||
| Q3 25 | $320.2M | $4.1M | ||
| Q2 25 | $23.5M | $10.0M | ||
| Q1 25 | $157.4M | $7.6M | ||
| Q4 24 | $268.1M | $53.7M | ||
| Q3 24 | $152.7M | $19.1M | ||
| Q2 24 | $30.5M | $52.9M | ||
| Q1 24 | $161.7M | $3.8M |
自由现金流率AFRMRES
| Q4 25 | 29.4% | 7.3% | ||
| Q3 25 | 99.9% | 0.9% | ||
| Q2 25 | 7.7% | 2.4% | ||
| Q1 25 | 57.7% | 2.3% | ||
| Q4 24 | 88.5% | 16.0% | ||
| Q3 24 | 65.9% | 5.6% | ||
| Q2 24 | 13.6% | 14.5% | ||
| Q1 24 | 82.9% | 1.0% |
资本支出强度AFRMRES
| Q4 25 | 13.9% | 7.2% | ||
| Q3 25 | 17.0% | 9.5% | ||
| Q2 25 | 16.7% | 10.2% | ||
| Q1 25 | 19.5% | 9.7% | ||
| Q4 24 | 14.5% | 12.1% | ||
| Q3 24 | 19.0% | 15.3% | ||
| Q2 24 | 17.1% | 20.6% | ||
| Q1 24 | 23.8% | 14.0% |
现金转化率AFRMRES
| Q4 25 | 1.34× | — | ||
| Q3 25 | 4.64× | 3.59× | ||
| Q2 25 | 1.08× | 5.23× | ||
| Q1 25 | 75.03× | 3.31× | ||
| Q4 24 | 3.88× | 7.38× | ||
| Q3 24 | — | 3.76× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | — | 2.06× |
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% |
RES
| Technical Service | $405.2M | 95% |
| Other | $8.8M | 2% |
| Nitrogen | $6.6M | 2% |
