Affirm Holdings, Inc. vs Moody’s Corporation, two Credit Services stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
79.38 against 10.11: the returns on equity, Moody's nearly eight times Affirm's, the rating-agency duopoly's near-monopoly economics against a BNPL lender still building scale. Moody's 79% return rides 2.4 turns of debt and buyback-shrunk equity, but its 31.7% net margin and 16.9% return on assets are the genuine article, a toll on global debt issuance. Affirm nets 9.6% and earns 2.9% on assets, taking credit risk Moody's never touches. The multiples sit at 32 and 71 times, both premium, Affirm's the higher. Moody's sells opinions at monopoly margins while Affirm makes loans at a lender's, and the market pays a steeper premium for the loans' growth than for the toll booth's permanence.
Comparison updated 2026-07-11.
| Metric | AFRM | MCO |
|---|---|---|
| Price | $79.46 | $449.85 |
| Market cap | $27.7B | $79.8B |
| Sector | Financial Services | Financial Services |
| Stage | Growth | Mature |
| Implied growth (priced in) | — | +24.5% |
| P/E | 71.0 | 32.3 |
| P/B | 7.31 | 25.38 |
| P/S | 6.96 | 10.13 |
| EV/EBITDA | 57.2 | 21.9 |
| Revenue growth | +32.2% | +9.1% |
| Operating margin | 8.5% | 44.4% |
| Net margin | 9.6% | 31.7% |
| Return on equity | 10.1% | 79.4% |
| Return on assets | 2.9% | 16.9% |
| Dividend yield | — | 0.8% |
| Debt / equity | 2.35 | 2.40 |
| Current ratio | — | 1.16 |
| Altman Z (solvency) | 1.81 | 6.66 |
| 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.