COMP <GO>
AFRM vs CRCL // OPTIONS IMPLIED MOVE & PUT/CALL SKEW
Affirm Holdings Inc. (NASDAQ) VS. Circle Internet Group Inc. (NYSE) • 15-METRIC TALLY: AFRM 5
— CRCL 4
■ METRIC PARITY
LAST: $74.84 (+2.07%) • MKT CAP: $25.36B
options-implied-move
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LAST: $79.99 (-2.10%) • MKT CAP: $20.31B
options-implied-move
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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (AFRM VS. CRCL)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | AFRM | CRCL | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -1.20% | -0.20% | -1.00 | CRCL | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 2.37% | 2.61% | -0.24 | CRCL | /fcf-yield <GO> |
| Operating Margin | -7.80% | -60.00% | +52.20 | AFRM | /operating-margins <GO> |
| Net Profit Margin | 4.70% | -60.00% | +64.70 | AFRM | /net-margins <GO> |
| Revenue Growth (YoY) | 34.90% | 180.00% | -145.10 | CRCL | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 6/9 | +2.00 | AFRM | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew ACTIVE | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 53.2 | 46.7 | +6.50 | AFRM | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.96 | 1.10 | -0.14 | CRCL | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 34.0x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $25.36B | $20.31B | $5.06B | AFRM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | AFRM REV | CRCL REV | AFRM GROSS % | CRCL GROSS % | AFRM FCF | CRCL FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.11B | $109.8M | — | — | $601.7M | $529.7M |
| FY 2024 | $826.0M | $15.2M | — | — | $290.8M | $326.4M |
| FY 2023 | $626.9M | $19.9M | — | — | -$16.0M | $138.7M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
AFRM // BETA 0.96
CRCL // BETA 1.10