Affirm Holdings, Inc. vs CREDIT ACCEPTANCE CORP, two Credit Services stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
29.95 is the number that defines Credit Acceptance: return on equity, nearly triple Affirm's 10.1%, the deep-subprime auto lender's decades-honed underwriting against the BNPL upstart still proving its loss curves. Credit Acceptance nets 19.5% of revenue to Affirm's 9.6% and runs debt-free where Affirm carries 2.35 turns. The multiples invert the quality: 71 times for Affirm's growth, 15.7 for Credit Acceptance's proven machine, plus a 15.3% free-cash figure. The pair prices installment credit's newest model against one of its oldest and most profitable; Affirm's premium is a bet its merchant-integrated lending scales into Credit Acceptance-class returns, which the veteran already earns at a fifth the multiple.
Comparison updated 2026-07-11.
| Metric | AFRM | CACC |
|---|---|---|
| Price | $79.46 | $629.29 |
| Market cap | $27.7B | $6.9B |
| Sector | Financial Services | Financial Services |
| Stage | Growth | Mature |
| P/E | 71.0 | 15.7 |
| P/B | 7.31 | 4.55 |
| P/S | 6.96 | 2.96 |
| EV/EBITDA | 57.2 | 9810.9 |
| Revenue growth | +32.2% | +4.6% |
| Operating margin | 8.5% | — |
| Net margin | 9.6% | 19.5% |
| Return on equity | 10.1% | 29.9% |
| Return on assets | 2.9% | 5.2% |
| Debt / equity | 2.35 | 0.00 |
| Altman Z (solvency) | 1.81 | 1.02 |
| Piotroski F (quality) | 8 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.