Affirm Holdings, Inc. vs ORIX CORPORATION, two Credit Services stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
The margin comparison crosses continents and models: Affirm nets 9.6% of revenue lending at point-of-sale in the US, Orix 13.4% as a sprawling Japanese financial conglomerate spanning leasing, insurance, and investments. Orix earns 9.8% on equity to Affirm's 10.1%, a near-tie, but at a fraction of the price, no usable P/E against Affirm's 71 times, plus a 21.3% free-cash figure and a 2.64% dividend. Affirm carries 2.35 turns of debt, Orix 1.43. The pair prices a focused US BNPL lender against a diversified Japanese financial giant; Affirm is a growth bet on one product, Orix a value holding across many, and the market pays the growth bet a vast premium for economics Orix roughly matches.
Comparison updated 2026-07-11.
| Metric | AFRM | IX |
|---|---|---|
| Price | $79.46 | $38.30 |
| Market cap | $27.7B | $42.9B |
| Sector | Financial Services | Financial Services |
| Stage | Growth | Mature |
| P/E | 71.0 | — |
| P/B | 7.31 | 1.41 |
| P/S | 6.96 | 1.93 |
| EV/EBITDA | 57.2 | 13.5 |
| Revenue growth | +32.2% | +7.5% |
| Operating margin | 8.5% | 13.7% |
| Net margin | 9.6% | 13.4% |
| Return on equity | 10.1% | 9.8% |
| Return on assets | 2.9% | 2.5% |
| Dividend yield | — | 2.6% |
| Debt / equity | 2.35 | 1.43 |
| Altman Z (solvency) | 1.81 | 0.83 |
| Piotroski F (quality) | 8 / 9 | 9 / 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.