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Affirm Holdings, Inc.（AFRM）与WORLD ACCEPTANCE CORP（WRLD）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WORLD ACCEPTANCE CORP的2.8倍（$401.4M vs $141.3M）。Affirm Holdings, Inc.净利率更高（32.3% vs -0.6%，领先32.9%）。Affirm Holdings, Inc.同比增速更快（32.5% vs 1.9%）。Affirm Holdings, Inc.自由现金流更多（$118.0M vs $57.2M）。过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs -5.8%）
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。
本公司是一家汽车金融企业，主营汽车贷款及相关金融产品，业务通过全国合作经销商网络开展。目前公司运营两大核心业务项目，分别为投资组合项目与收购项目，通过这两个项目，公司可向汽车经销商预先提供资金，以此获得底层消费贷款的服务权等相关权益。
AFRM vs WRLD — 直观对比
营收规模更大
AFRM
是对方的2.8倍
$141.3M
营收增速更快
AFRM
高出30.6%
1.9%
净利率更高
AFRM
高出32.9%
-0.6%
自由现金流更多
AFRM
多$60.9M
$57.2M
两年增速更快
AFRM
近两年复合增速
-5.8%
损益表 — Q2 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $141.3M |
| 净利润 | $129.6M | $-911.3K |
| 毛利率 | — | — |
| 营业利润率 | 29.3% | -0.7% |
| 净利率 | 32.3% | -0.6% |
| 营收同比 | 32.5% | 1.9% |
| 净利润同比 | 61.3% | -106.8% |
| 每股收益（稀释后） | $0.37 | $-0.19 |
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AFRMWRLD
| Q4 25 | $401.4M | $141.3M | ||
| Q3 25 | $320.5M | $134.5M | ||
| Q2 25 | $306.6M | $132.5M | ||
| Q1 25 | $272.5M | $165.3M | ||
| Q4 24 | $303.0M | $138.6M | ||
| Q3 24 | $231.8M | $131.4M | ||
| Q2 24 | $224.0M | $129.5M | ||
| Q1 24 | $195.0M | $159.3M |
净利润AFRMWRLD
| Q4 25 | $129.6M | $-911.3K | ||
| Q3 25 | $80.7M | $-1.9M | ||
| Q2 25 | $69.2M | $1.3M | ||
| Q1 25 | $2.8M | $44.3M | ||
| Q4 24 | $80.4M | $13.4M | ||
| Q3 24 | $-100.2M | $22.1M | ||
| Q2 24 | $-45.1M | $9.9M | ||
| Q1 24 | $-133.9M | $35.1M |
营业利润率AFRMWRLD
| Q4 25 | 29.3% | -0.7% | ||
| Q3 25 | 19.9% | -1.3% | ||
| Q2 25 | 18.9% | 1.5% | ||
| Q1 25 | -3.1% | 33.3% | ||
| Q4 24 | -1.4% | 11.6% | ||
| Q3 24 | -57.2% | 21.3% | ||
| Q2 24 | -32.8% | 10.0% | ||
| Q1 24 | -82.5% | 29.3% |
净利率AFRMWRLD
| Q4 25 | 32.3% | -0.6% | ||
| Q3 25 | 25.2% | -1.4% | ||
| Q2 25 | 22.6% | 1.0% | ||
| Q1 25 | 1.0% | 26.8% | ||
| Q4 24 | 26.5% | 9.7% | ||
| Q3 24 | -43.2% | 16.8% | ||
| Q2 24 | -20.2% | 7.7% | ||
| Q1 24 | -68.7% | 22.0% |
每股收益（稀释后）AFRMWRLD
| Q4 25 | $0.37 | $-0.19 | ||
| Q3 25 | $0.23 | $-0.38 | ||
| Q2 25 | $0.22 | $0.25 | ||
| Q1 25 | $0.01 | $8.07 | ||
| Q4 24 | $0.23 | $2.45 | ||
| Q3 24 | $-0.31 | $3.99 | ||
| Q2 24 | $-0.13 | $1.79 | ||
| Q1 24 | $-0.43 | $6.02 |
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 | $10.0M |
| 总债务越低越好 | $9.0B | $677.2M |
| 股东权益账面价值 | $3.5B | $351.6M |
| 总资产 | $13.0B | $1.1B |
| 负债/权益比越低杠杆越低 | 2.54× | 1.93× |
8季度趋势，按日历期对齐
现金及短期投资AFRMWRLD
| Q4 25 | $1.5B | $10.0M | ||
| Q3 25 | $1.4B | $14.9M | ||
| Q2 25 | $1.4B | $8.1M | ||
| Q1 25 | $1.4B | $4.7M | ||
| Q4 24 | $1.2B | $10.3M | ||
| Q3 24 | $1.0B | $9.7M | ||
| Q2 24 | $1.0B | $11.1M | ||
| Q1 24 | $1.3B | $5.2M |
总债务AFRMWRLD
| Q4 25 | $9.0B | $677.2M | ||
| Q3 25 | $7.7B | $584.6M | ||
| Q2 25 | $7.6B | $472.5M | ||
| Q1 25 | $7.1B | $447.9M | ||
| Q4 24 | $7.3B | $561.2M | ||
| Q3 24 | — | $506.6M | ||
| Q2 24 | $1.8B | $494.7M | ||
| Q1 24 | — | $498.4M |
股东权益AFRMWRLD
| Q4 25 | $3.5B | $351.6M | ||
| Q3 25 | $3.3B | $365.6M | ||
| Q2 25 | $3.1B | $427.9M | ||
| Q1 25 | $2.9B | $439.5M | ||
| Q4 24 | $2.8B | $428.2M | ||
| Q3 24 | $2.8B | $417.5M | ||
| Q2 24 | $2.7B | $422.6M | ||
| Q1 24 | $2.6B | $424.4M |
总资产AFRMWRLD
| Q4 25 | $13.0B | $1.1B | ||
| Q3 25 | $11.5B | $1.1B | ||
| Q2 25 | $11.2B | $1.0B | ||
| Q1 25 | $10.4B | $1.0B | ||
| Q4 24 | $10.5B | $1.1B | ||
| Q3 24 | $10.1B | $1.0B | ||
| Q2 24 | $9.5B | $1.0B | ||
| Q1 24 | $9.2B | $1.1B |
负债/权益比AFRMWRLD
| Q4 25 | 2.54× | 1.93× | ||
| Q3 25 | 2.35× | 1.60× | ||
| Q2 25 | 2.48× | 1.10× | ||
| Q1 25 | 2.49× | 1.02× | ||
| Q4 24 | 2.62× | 1.31× | ||
| Q3 24 | — | 1.21× | ||
| Q2 24 | 0.67× | 1.17× | ||
| Q1 24 | — | 1.17× |
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 | $58.0M |
| 自由现金流经营现金流 - 资本支出 | $118.0M | $57.2M |
| 自由现金流率自由现金流/营收 | 29.4% | 40.5% |
| 资本支出强度资本支出/营收 | 13.9% | 0.6% |
| 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 | $252.0M |
8季度趋势，按日历期对齐
经营现金流AFRMWRLD
| Q4 25 | $173.7M | $58.0M | ||
| Q3 25 | $374.6M | $48.6M | ||
| Q2 25 | $74.6M | $58.2M | ||
| Q1 25 | $210.4M | $90.9M | ||
| Q4 24 | $312.0M | $61.1M | ||
| Q3 24 | $196.9M | $53.8M | ||
| Q2 24 | $68.8M | $48.4M | ||
| Q1 24 | $208.2M | $83.8M |
自由现金流AFRMWRLD
| Q4 25 | $118.0M | $57.2M | ||
| Q3 25 | $320.2M | $47.7M | ||
| Q2 25 | $23.5M | $57.1M | ||
| Q1 25 | $157.4M | $90.0M | ||
| Q4 24 | $268.1M | $60.4M | ||
| Q3 24 | $152.7M | $52.7M | ||
| Q2 24 | $30.5M | $47.3M | ||
| Q1 24 | $161.7M | $82.3M |
自由现金流率AFRMWRLD
| Q4 25 | 29.4% | 40.5% | ||
| Q3 25 | 99.9% | 35.5% | ||
| Q2 25 | 7.7% | 43.1% | ||
| Q1 25 | 57.7% | 54.5% | ||
| Q4 24 | 88.5% | 43.6% | ||
| Q3 24 | 65.9% | 40.1% | ||
| Q2 24 | 13.6% | 36.5% | ||
| Q1 24 | 82.9% | 51.7% |
资本支出强度AFRMWRLD
| Q4 25 | 13.9% | 0.6% | ||
| Q3 25 | 17.0% | 0.7% | ||
| Q2 25 | 16.7% | 0.8% | ||
| Q1 25 | 19.5% | 0.5% | ||
| Q4 24 | 14.5% | 0.5% | ||
| Q3 24 | 19.0% | 0.8% | ||
| Q2 24 | 17.1% | 0.8% | ||
| Q1 24 | 23.8% | 1.0% |
现金转化率AFRMWRLD
| Q4 25 | 1.34× | — | ||
| Q3 25 | 4.64× | — | ||
| Q2 25 | 1.08× | 43.27× | ||
| Q1 25 | 75.03× | 2.05× | ||
| Q4 24 | 3.88× | 4.56× | ||
| Q3 24 | — | 2.43× | ||
| Q2 24 | — | 4.87× | ||
| Q1 24 | — | 2.39× |
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% |
WRLD
暂无分部数据
