WallStSmart

Affirm Holdings Inc (AFRM)vsNelnet Inc (NNI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Affirm Holdings Inc generates 141% more annual revenue ($3.97B vs $1.65B). NNI leads profitability with a 25.3% profit margin vs 9.6%. NNI appears more attractively valued with a PEG of 0.46. AFRM earns a higher WallStSmart Score of 63/100 (C+).

AFRM

Buy

63

out of 100

Grade: C+

Growth: 10.0Profit: 5.5Value: 5.0Quality: 5.5
Piotroski: 4/9Altman Z: 1.31

NNI

Buy

60

out of 100

Grade: C+

Growth: 3.3Profit: 7.0Value: 8.3Quality: 4.8
Piotroski: 7/9Altman Z: 1.13

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AFRM3 strengths · Avg: 9.3/10
Revenue GrowthGrowth
32.6%10/10

Revenue surging 32.6% year-over-year

EPS GrowthGrowth
3529.0%10/10

Earnings expanding 3529.0% YoY

PEG RatioValuation
0.768/10

Growing faster than its price suggests

NNI5 strengths · Avg: 9.4/10
PEG RatioValuation
0.4610/10

Growing faster than its price suggests

P/E RatioValuation
11.7x10/10

Attractively priced relative to earnings

Price/BookValuation
1.3x10/10

Reasonable price relative to book value

Profit MarginProfitability
25.3%9/10

Keeps 25 of every $100 in revenue as profit

Operating MarginProfitability
21.4%8/10

Strong operational efficiency at 21.4%

Areas to Watch

AFRM3 concerns · Avg: 1.7/10
P/E RatioValuation
69.2x2/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
1.312/10

Distress zone — elevated risk

Debt/EquityHealth
2.361/10

Elevated debt levels

NNI4 concerns · Avg: 1.8/10
Revenue GrowthGrowth
-7.1%2/10

Revenue declined 7.1%

EPS GrowthGrowth
-12.9%2/10

Earnings declined 12.9%

Altman Z-ScoreHealth
1.132/10

Distress zone — elevated risk

Debt/EquityHealth
2.061/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : AFRM

The strongest argument for AFRM centers on Revenue Growth, EPS Growth, PEG Ratio. Revenue growth of 32.6% demonstrates continued momentum. PEG of 0.76 suggests the stock is reasonably priced for its growth.

Bull Case : NNI

The strongest argument for NNI centers on PEG Ratio, P/E Ratio, Price/Book. Profitability is solid with margins at 25.3% and operating margin at 21.4%. PEG of 0.46 suggests the stock is reasonably priced for its growth.

Bear Case : AFRM

The primary concerns for AFRM are P/E Ratio, Altman Z-Score, Debt/Equity. A P/E of 69.2x leaves little room for execution misses. Debt-to-equity of 2.36 is elevated, increasing financial risk.

Bear Case : NNI

The primary concerns for NNI are Revenue Growth, EPS Growth, Altman Z-Score. Debt-to-equity of 2.06 is elevated, increasing financial risk.

Key Dynamics to Monitor

AFRM profiles as a hypergrowth stock while NNI is a declining play — different risk/reward profiles.

AFRM carries more volatility with a beta of 3.67 — expect wider price swings.

AFRM is growing revenue faster at 32.6% — sustainability is the question.

AFRM generates stronger free cash flow (325M), providing more financial flexibility.

Bottom Line

AFRM scores higher overall (63/100 vs 60/100) and 32.6% revenue growth. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Affirm Holdings Inc

FINANCIAL SERVICES · CREDIT SERVICES · USA

Affirm Holdings, Inc. operates a platform for digital and mobile commerce in the United States and Canada. The company is headquartered in San Francisco, California.

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Nelnet Inc

FINANCIAL SERVICES · CREDIT SERVICES · USA

Nelnet, Inc. is engaged in the loan management, communications and educational technology, services and payment processing businesses globally. The company is headquartered in Lincoln, Nebraska.

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