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KLAR
Klarna Group plc · Financial Technology / Buy Now, Pay Later
$14.33
-19.72% this month
VERSUS
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AFRM
Affirm Holdings, Inc. · Financial Technology / Buy Now, Pay Later
$77.03
+4.21% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
KLAR
2
AFRM
1
Comparison scoreboard
KLAR LEADS 2/5AI Score
KLAR N/A
AFRM 26.8
1Y Return
KLAR N/A
AFRM +3.41%
Fwd P/E
KLAR ✓17.25
AFRM 20.72
Target Up.
KLAR ✓+43.16%
AFRM +18.40%
Op. Margin
KLAR 2.97%
AFRM ✓8.51%
Metrics last refreshed: 8/23/2026
Quick take
KLAR vs AFRM Stock Comparison: AI Score, Valuation, Performance and Upside
Klarna offers a larger, more globally diversified buy-now-pay-later platform, while Affirm provides a more US-focused installment lending business with a longer public trading history.
Investors weighing Klarna against Affirm are choosing between global scale in buy-now-pay-later and a more established, US-centric competitor with a longer track record as a public company.
Live analysis · updated 8/23/2026
KLAR holds the edge across 2 of 5 key metrics in this comparison. AFRM leads on both revenue growth (32.60%) and operating margin (8.51%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies meaningfully more upside for KLAR (+43.16%) than for AFRM (+18.40%).
Normalized 1Y performance
KLAR
AFRM
Recent returns
KLAR
AFRM
Analyst price targets & sentiment
KLAR · 20 analysts
STRONG BUYHOLDSTRONG SELL
Buy (2.0/5.0)
Price target range
analyst low$14.00
analyst high$38.30
analyst mean$20.52
current price$14.33
+43.2% upside to analyst mean
AFRM · 30 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.7/5.0)
Price target range
analyst low$55.10
analyst high$117.00
analyst mean$91.20
current price$77.03
+18.4% upside to analyst mean
Who should consider this stock?
KLAR may suit investors who:
- Want exposure to a globally diversified buy-now-pay-later platform
- Believe in continued international e-commerce and installment payment adoption
- Are comfortable with the risks of a newly public company
- Seek broader geographic diversification than a US-focused competitor
AFRM may suit investors who:
- Prefer a more US-focused buy-now-pay-later business
- Want a longer public company track record to evaluate
- Believe in the company's path toward sustained profitability
- Are comfortable with credit risk inherent in consumer installment lending
Performance & AI score
| Metric | KLAR | AFRM |
|---|---|---|
| AI score | N/A | 26.8 |
| AI rank | N/A | #2479 |
| Latest close | $14.33 | $77.03 |
| 1M return | -19.72% | +4.21% |
| 6M return | +3.47% | +48.65% |
| 1Y return | N/A | +3.41% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | KLAR | AFRM |
|---|---|---|
| 1Y ago | $3.35K (-66.5%) started 2025-09-11 | $10.34K (+3.4%) started 2025-08-21 |
| 5Y ago | $3.35K (-66.5%) started 2025-09-11 | $11.38K (+13.8%) started 2021-08-23 |
| 10Y ago | $3.35K (-66.5%) started 2025-09-11 | $7.99K (-20.1%) started 2021-01-13 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | KLAR | AFRM |
|---|---|---|
| Market cap | $5.42B | $25.8B |
| Trailing P/E | N/A | 70.03 |
| Forward P/E | 17.25 | 20.72 |
| Price/Sales | 1.34 | 6.50 |
| EV/Revenue | 0.64 | 8.34 |
| Analyst target | $20.52 | $91.20 |
| Target upside | +43.16% | +18.40% |
Growth, profitability & risk
| Metric | KLAR | AFRM |
|---|---|---|
| Revenue growth | 26.60% | 32.60% |
| Earnings growth | N/A | 3529.30% |
| EPS growth | N/A | +3529.30% |
| FCF margin | +19.77% | +7.58% |
| Operating margin | 2.97% | 8.51% |
| Profit margin | -3.52% | 9.63% |
| ROIC proxy | -4.29% | 11.49% |
| Return on equity | -4.29% | 11.49% |
| Dividend yield | 0.00% | 0.00% |
| Beta | 2.07 | 3.62 |
| Debt/equity | 65.72 | 240.28 |
| Current ratio | 23.15 | 13.54 |
| Quick ratio | 22.34 | 9.57 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
KLAR max drawdown73.02%
AFRM max drawdown53.86%
KLAR max wkly drop32.30%
AFRM max wkly drop17.52%
5Y risk snapshot
KLAR max drawdown73.02%
AFRM max drawdown94.71%
KLAR max wkly drop32.30%
AFRM max wkly drop53.94%
10Y risk snapshot
KLAR max drawdown73.02%
AFRM max drawdown94.71%
KLAR max wkly drop32.30%
AFRM max wkly drop53.94%
Performance metrics by period
| Period | Metric | KLAR | AFRM |
|---|---|---|---|
| 1Y | Growth | -66.47% | +3.41% |
| CAGR | -68.66% | +3.41% | |
| Sharpe ratio | -1.29 | 0.29 | |
| Max drawdown | 73.02% | 53.86% | |
| Max daily drop | 26.91% | 11.99% | |
| Max wkly drop | 32.30% | 17.52% | |
| 5Y | Growth | -66.47% | +13.76% |
| CAGR | -68.66% | +2.62% | |
| Sharpe ratio | -1.29 | 0.45 | |
| Max drawdown | 73.02% | 94.71% | |
| Max daily drop | 26.91% | 22.63% | |
| Max wkly drop | 32.30% | 53.94% | |
| 10Y | Growth | -66.47% | -20.06% |
| CAGR | -68.66% | -3.92% | |
| Sharpe ratio | -1.29 | 0.37 | |
| Max drawdown | 73.02% | 94.71% | |
| Max daily drop | 26.91% | 22.63% | |
| Max wkly drop | 32.30% | 53.94% |
Business comparison
| Category | KLAR | AFRM |
|---|---|---|
| Company | Klarna Group plc | Affirm Holdings, Inc. |
| Sector | Financial Technology / Buy Now, Pay Later | Financial Technology / Buy Now, Pay Later |
| Industry | N/A | N/A |
| Core business | Klarna is a global buy-now-pay-later and digital payments company, originally founded in Sweden, offering installment payment options and shopping-related financial services to consumers and merchants worldwide. | Affirm provides buy-now-pay-later installment loans and related payment products to US consumers at the point of sale, partnering with merchants across e-commerce and retail. |
| Investor focus | Watch global merchant and consumer adoption trends, credit loss rates, and progress expanding into broader financial services beyond installment payments. | Watch loan volume growth, credit performance, and the pace toward sustained profitability as key metrics. |
KLAR strengths
- Large, globally diversified user and merchant base across many countries
- Well-established brand recognition in the buy-now-pay-later category internationally
- Expanding into adjacent financial services beyond core installment payments
AFRM strengths
- Established partnerships with major US merchants and e-commerce platforms
- Longer public trading history than some newer buy-now-pay-later peers
- Transparent, no-hidden-fee installment lending model that appeals to consumers
Risks to watch — KLAR
- Relatively new public company with a limited track record of reporting results
- Credit and consumer default risk inherent in installment lending, especially in economic downturns
- Intensifying competition from other buy-now-pay-later and payment providers globally
Risks to watch — AFRM
- Credit risk and default rates can rise during periods of economic weakness
- Profitability has historically been inconsistent as the company invests in growth
- Regulatory attention on buy-now-pay-later lending practices remains a risk
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