Qfin Holdings, Inc. vs SoFi Technologies, Inc., two Mortgage Finance stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
What is priced in: SoFi at 39.7 times earnings is priced as America's next great bank; Qfin at 5 times as China's next regulatory casualty, and the operating facts refuse to cooperate with either. Qfin out-earns SoFi on every line, a 31.1% net margin against 14.6%, 24.7% returns on equity against 5.3%, 10.5% on assets against 1.1%, and returns 36% of its price in free cash while SoFi's loan growth consumes cash. Both are debt-free. Thirty-five turns of multiple separate the same product category by jurisdiction. One price assumes everything goes right; the other assumes nothing does; the businesses meanwhile just keep earning what they earn.
Comparison updated 2026-07-10.
| Metric | QFIN | SOFI |
|---|---|---|
| Price | $15.82 | $17.86 |
| Market cap | $4.3B | $24.6B |
| Sector | Financial Services | Financial Services |
| Stage | Mature | Growth |
| P/E | 5.0 | 39.7 |
| P/B | 1.25 | 2.28 |
| P/S | 1.57 | 6.24 |
| EV/EBITDA | 3.8 | 313.9 |
| Revenue growth | +1.7% | +40.7% |
| Operating margin | 34.8% | — |
| Net margin | 31.1% | 14.6% |
| Return on equity | 24.7% | 5.3% |
| Return on assets | 10.5% | 1.1% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 2.43 | — |
| Altman Z (solvency) | 2.49 | 0.40 |
| Piotroski F (quality) | 6 / 9 | 6 / 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.