vs
Affirm Holdings, Inc.（AFRM）与Rackspace Technology, Inc.（RXT）财务数据对比。点击上方公司名可切换其他公司
Rackspace Technology, Inc.的季度营收约是Affirm Holdings, Inc.的1.7倍（$682.8M vs $401.4M），Affirm Holdings, Inc.净利率更高（32.3% vs -4.8%，领先37.1%），Affirm Holdings, Inc.同比增速更快（32.5% vs -0.4%），Affirm Holdings, Inc.自由现金流更多（$118.0M vs $56.0M），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs -0.6%）
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。
Rackspace Technology, Inc.是总部位于美国得克萨斯州圣安东尼奥的云计算企业，在弗吉尼亚州雷斯顿以及澳大利亚、加拿大、英国、印度、迪拜、瑞士、荷兰、德国、新加坡、墨西哥、中国香港等多个国家和地区设有办事处，数据中心分布于全球多个主要城市，为客户提供专业的云计算相关服务。
AFRM vs RXT — 直观对比
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $682.8M |
| 净利润 | $129.6M | $-32.7M |
| 毛利率 | — | 17.6% |
| 营业利润率 | 29.3% | -0.5% |
| 净利率 | 32.3% | -4.8% |
| 营收同比 | 32.5% | -0.4% |
| 净利润同比 | 61.3% | 41.6% |
| 每股收益（稀释后） | $0.37 | $-0.13 |
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 | $682.8M | ||
| Q3 25 | $320.5M | $671.2M | ||
| Q2 25 | $306.6M | $666.3M | ||
| Q1 25 | $272.5M | $665.4M | ||
| Q4 24 | $303.0M | $685.6M | ||
| Q3 24 | $231.8M | $675.8M | ||
| Q2 24 | $224.0M | $684.9M | ||
| Q1 24 | $195.0M | $690.8M |
| Q4 25 | $129.6M | $-32.7M | ||
| Q3 25 | $80.7M | $-67.1M | ||
| Q2 25 | $69.2M | $-54.5M | ||
| Q1 25 | $2.8M | $-71.5M | ||
| Q4 24 | $80.4M | $-56.0M | ||
| Q3 24 | $-100.2M | $-186.6M | ||
| Q2 24 | $-45.1M | $25.0M | ||
| Q1 24 | $-133.9M | $-640.6M |
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 19.1% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | — | 19.2% | ||
| Q1 24 | — | 19.2% |
| Q4 25 | 29.3% | -0.5% | ||
| Q3 25 | 19.9% | -5.1% | ||
| Q2 25 | 18.9% | -3.8% | ||
| Q1 25 | -3.1% | -5.8% | ||
| Q4 24 | -1.4% | -4.2% | ||
| Q3 24 | -57.2% | -25.7% | ||
| Q2 24 | -32.8% | -7.9% | ||
| Q1 24 | -82.5% | -94.5% |
| Q4 25 | 32.3% | -4.8% | ||
| Q3 25 | 25.2% | -10.0% | ||
| Q2 25 | 22.6% | -8.2% | ||
| Q1 25 | 1.0% | -10.7% | ||
| Q4 24 | 26.5% | -8.2% | ||
| Q3 24 | -43.2% | -27.6% | ||
| Q2 24 | -20.2% | 3.7% | ||
| Q1 24 | -68.7% | -92.7% |
| Q4 25 | $0.37 | $-0.13 | ||
| Q3 25 | $0.23 | $-0.28 | ||
| Q2 25 | $0.22 | $-0.23 | ||
| Q1 25 | $0.01 | $-0.31 | ||
| Q4 24 | $0.23 | $-0.20 | ||
| Q3 24 | $-0.31 | $-0.82 | ||
| Q2 24 | $-0.13 | $0.11 | ||
| Q1 24 | $-0.43 | $-2.91 |
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 | $105.8M |
| 总债务越低越好 | $9.0B | $2.7B |
| 股东权益账面价值 | $3.5B | $-1.2B |
| 总资产 | $13.0B | $2.8B |
| 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 | $105.8M | ||
| Q3 25 | $1.4B | $99.5M | ||
| Q2 25 | $1.4B | $103.9M | ||
| Q1 25 | $1.4B | $128.0M | ||
| Q4 24 | $1.2B | $144.0M | ||
| Q3 24 | $1.0B | $157.1M | ||
| Q2 24 | $1.0B | $190.2M | ||
| Q1 24 | $1.3B | $282.6M |
| Q4 25 | $9.0B | $2.7B | ||
| Q3 25 | $7.7B | $2.8B | ||
| Q2 25 | $7.6B | $2.8B | ||
| Q1 25 | $7.1B | $2.8B | ||
| Q4 24 | $7.3B | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | $1.8B | $2.9B | ||
| Q1 24 | — | $3.0B |
| Q4 25 | $3.5B | $-1.2B | ||
| Q3 25 | $3.3B | $-1.2B | ||
| Q2 25 | $3.1B | $-1.1B | ||
| Q1 25 | $2.9B | $-1.1B | ||
| Q4 24 | $2.8B | $-1.0B | ||
| Q3 24 | $2.8B | $-949.7M | ||
| Q2 24 | $2.7B | $-756.2M | ||
| Q1 24 | $2.6B | $-787.2M |
| Q4 25 | $13.0B | $2.8B | ||
| Q3 25 | $11.5B | $2.8B | ||
| Q2 25 | $11.2B | $2.9B | ||
| Q1 25 | $10.4B | $3.0B | ||
| Q4 24 | $10.5B | $3.1B | ||
| Q3 24 | $10.1B | $3.1B | ||
| Q2 24 | $9.5B | $3.4B | ||
| Q1 24 | $9.2B | $3.5B |
| 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 | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $118.0M | $56.0M |
| 自由现金流率自由现金流/营收 | 29.4% | 8.2% |
| 资本支出强度资本支出/营收 | 13.9% | 0.5% |
| 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 | $90.6M |
8季度趋势，按日历期对齐
| Q4 25 | $173.7M | $59.7M | ||
| Q3 25 | $374.6M | $70.7M | ||
| Q2 25 | $74.6M | $8.4M | ||
| Q1 25 | $210.4M | $12.6M | ||
| Q4 24 | $312.0M | $54.3M | ||
| Q3 24 | $196.9M | $51.8M | ||
| Q2 24 | $68.8M | $24.1M | ||
| Q1 24 | $208.2M | $-90.3M |
| Q4 25 | $118.0M | $56.0M | ||
| Q3 25 | $320.2M | $42.7M | ||
| Q2 25 | $23.5M | $-12.4M | ||
| Q1 25 | $157.4M | $4.3M | ||
| Q4 24 | $268.1M | $34.4M | ||
| Q3 24 | $152.7M | $27.3M | ||
| Q2 24 | $30.5M | $-14.5M | ||
| Q1 24 | $161.7M | $-118.4M |
| Q4 25 | 29.4% | 8.2% | ||
| Q3 25 | 99.9% | 6.4% | ||
| Q2 25 | 7.7% | -1.9% | ||
| Q1 25 | 57.7% | 0.6% | ||
| Q4 24 | 88.5% | 5.0% | ||
| Q3 24 | 65.9% | 4.0% | ||
| Q2 24 | 13.6% | -2.1% | ||
| Q1 24 | 82.9% | -17.1% |
| Q4 25 | 13.9% | 0.5% | ||
| Q3 25 | 17.0% | 4.2% | ||
| Q2 25 | 16.7% | 3.1% | ||
| Q1 25 | 19.5% | 1.2% | ||
| Q4 24 | 14.5% | 2.9% | ||
| Q3 24 | 19.0% | 3.6% | ||
| Q2 24 | 17.1% | 5.6% | ||
| Q1 24 | 23.8% | 4.1% |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 4.64× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 75.03× | — | ||
| Q4 24 | 3.88× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.96× | ||
| 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% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
