Comprehensive Stock Comparison
Compare OppFi Inc. (OPFI) vs Forge Global Holdings, Inc. (FRGE) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | FRGE | 13.6% revenue growth vs OPFI's 3.3% |
| Quality / Margins | OPFI | 0.7% net margin vs FRGE's -67.4% |
| Stability / Safety | FRGE | Beta 0.56 vs OPFI's 1.51, lower leverage |
| Dividends | OPFI | 1.3% yield; FRGE pays no meaningful dividend |
| Momentum (1Y) | FRGE | +200.0% vs OPFI's -4.4% |
| Efficiency (ROA) | OPFI | 0.5% ROA vs FRGE's -24.8%, ROIC 14.0% vs -45.6% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
OppFi is a financial technology platform that enables banks to offer accessible lending products to non-prime consumers. It generates revenue primarily through loan facilitation fees from its installment loans (OppLoans), payroll deduction loans (SalaryTap), and credit cards (OppFi Card). The company's competitive advantage lies in its proprietary underwriting technology that assesses creditworthiness beyond traditional FICO scores—serving an underserved market segment.
Forge Global operates a marketplace and technology platform for trading private company shares. It generates revenue primarily through transaction fees from secondary market trades in private securities — supplemented by data subscriptions and technology services for market participants. The company's key advantage is its established network effect and proprietary technology infrastructure that connects private companies, shareholders, and accredited investors in a traditionally illiquid market.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
OPFI leads in 4 of 6 categories (Financial Metrics, Valuation Metrics). FRGE leads in 1 (Risk & Volatility).
Financial Metrics (TTM)
OPFI is the larger business by revenue, generating $574M annually — 6.2x FRGE's $93M. OPFI is the more profitable business, keeping 0.7% of every revenue dollar as net income compared to FRGE's -67.4%.
| Metric | OPFIOppFi Inc. | FRGEForge Global Hold… |
|---|---|---|
| RevenueTrailing 12 months | $574M | $93M |
| EBITDAEarnings before interest/tax | $167M | -$64M |
| Net IncomeAfter-tax profit | $4M | -$63M |
| Free Cash FlowCash after capex | $360M | -$40M |
| Gross MarginGross profit ÷ Revenue | +82.3% | +11.9% |
| Operating MarginEBIT ÷ Revenue | +28.0% | -73.5% |
| Net MarginNet income ÷ Revenue | +0.7% | -67.4% |
| FCF MarginFCF ÷ Revenue | +62.8% | -43.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +13.5% | +10.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +216.8% | +8.1% |
Valuation Metrics
| Metric | OPFIOppFi Inc. | FRGEForge Global Hold… |
|---|---|---|
| Market CapShares × price | $589M | $8.4B |
| Enterprise ValueMkt cap + debt − cash | $860M | $8.3B |
| Trailing P/EPrice ÷ TTM EPS | 25.50x | -8.29x |
| Forward P/EPrice ÷ next-FY EPS est. | 5.28x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 8.26x | — |
| Price / SalesMarket cap ÷ Revenue | 1.12x | 105.74x |
| Price / BookPrice ÷ Book value/share | 0.79x | 2.42x |
| Price / FCFMarket cap ÷ FCF | 1.90x | — |
Profitability & Efficiency
OPFI delivers a 1.4% return on equity — every $100 of shareholder capital generates $1 in annual profit, vs $-30 for FRGE. FRGE carries lower financial leverage with a 0.06x debt-to-equity ratio, signaling a more conservative balance sheet compared to OPFI's 1.42x. On the Piotroski fundamental quality scale (0–9), OPFI scores 6/9 vs FRGE's 3/9, reflecting solid financial health.
| Metric | OPFIOppFi Inc. | FRGEForge Global Hold… |
|---|---|---|
| ROE (TTM)Return on equity | +1.4% | -30.3% |
| ROA (TTM)Return on assets | +0.5% | -24.8% |
| ROICReturn on invested capital | +14.0% | -45.6% |
| ROCEReturn on capital employed | +16.7% | -31.3% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 3 |
| Debt / EquityFinancial leverage | 1.42x | 0.06x |
| Net DebtTotal debt minus cash | $271M | -$91M |
| Cash & Equiv.Liquid assets | $61M | $105M |
| Total DebtShort + long-term debt | $332M | $15M |
| Interest CoverageEBIT ÷ Interest expense | 3.95x | — |
Total Returns (with DRIP)
A $10,000 investment in OPFI five years ago would be worth $9,326 today (with dividends reinvested), compared to $2,927 for FRGE. Over the past 12 months, FRGE leads with a +200.0% total return vs OPFI's -4.4%. The 3-year compound annual growth rate (CAGR) favors OPFI at 65.4% vs FRGE's 18.6% — a key indicator of consistent wealth creation.
| Metric | OPFIOppFi Inc. | FRGEForge Global Hold… |
|---|---|---|
| YTD ReturnYear-to-date | -10.9% | +1.2% |
| 1-Year ReturnPast 12 months | -4.4% | +200.0% |
| 3-Year ReturnCumulative with dividends | +352.6% | +66.7% |
| 5-Year ReturnCumulative with dividends | -6.7% | -70.7% |
| 10-Year ReturnCumulative with dividends | -3.0% | -70.9% |
| CAGR (3Y)Annualised 3-year return | +65.4% | +18.6% |
Risk & Volatility
FRGE is the less volatile stock with a 0.56 beta — it tends to amplify market swings less than OPFI's 1.51 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FRGE currently trades 99.9% from its 52-week high vs OPFI's 61.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | OPFIOppFi Inc. | FRGEForge Global Hold… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.51x | 0.56x |
| 52-Week HighHighest price in past year | $15.03 | $45.03 |
| 52-Week LowLowest price in past year | $7.54 | $6.60 |
| % of 52W HighCurrent price vs 52-week peak | +61.1% | +99.9% |
| RSI (14)Momentum oscillator 0–100 | 50.3 | 64.7 |
| Avg Volume (50D)Average daily shares traded | 419K | 146K |
Analyst Outlook
Wall Street rates OPFI as "Buy" and FRGE as "Hold". Consensus price targets imply 0.0% upside for FRGE (target: $45) vs -21.0% for OPFI (target: $7). OPFI is the only dividend payer here at 1.28% yield — a key consideration for income-focused portfolios.
| Metric | OPFIOppFi Inc. | FRGEForge Global Hold… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $7.25 | $45.00 |
| # AnalystsCovering analysts | 4 | 5 |
| Dividend YieldAnnual dividend ÷ price | +1.3% | — |
| Dividend StreakConsecutive years of raises | 0 | — |
| Dividend / ShareAnnual DPS | $0.12 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.6% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Feb 21 | Feb 26 | Change |
|---|---|---|---|
| OppFi Inc. (OPFI) | 100 | 89.76 | -10.2% |
| Forge Global Holdin… (FRGE) | 100 | 28.88 | -71.1% |
OppFi Inc. (OPFI) returned -7% over 5 years vs Forge Global Holdin… (FRGE)'s -71%.
Chart 2Revenue Growth — 10 Years
| Stock | 2019 | 2024 | Change |
|---|---|---|---|
| OppFi Inc. (OPFI) | $107M | $526M | +390.2% |
| Forge Global Holdin… (FRGE) | $24M | $79M | +229.9% |
OppFi Inc.'s revenue grew from $107M (2019) to $526M (2024) — a 37.4% CAGR. Forge Global Holdings, Inc.'s revenue grew from $24M (2019) to $79M (2024) — a 27.0% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2019 | 2024 | Change |
|---|---|---|---|
| OppFi Inc. (OPFI) | 30.8% | 1.4% | -95.5% |
| Forge Global Holdin… (FRGE) | -63.4% | -83.6% | -32.0% |
OppFi Inc.'s net margin went from 31% (2019) to 1% (2024). Forge Global Holdings, Inc.'s net margin went from -63% (2019) to -84% (2024).
Chart 4P/E Ratio History — 4 Years
| Stock | 2020 | 2024 | Change |
|---|---|---|---|
| OppFi Inc. (OPFI) | 1.7 | 21.3 | +1152.9% |
OppFi Inc. has traded in a 2x–41x P/E range over 4 years; current trailing P/E is ~26x.
Chart 5EPS Growth — 10 Years
| Stock | 2019 | 2024 | Change |
|---|---|---|---|
| OppFi Inc. (OPFI) | 2.54 | 0.36 | -85.8% |
| Forge Global Holdin… (FRGE) | -4.42 | -5.43 | -22.9% |
OppFi Inc.'s EPS grew from $2.54 (2019) to $0.36 (2024) — a -32% CAGR. Forge Global Holdings, Inc.'s EPS grew from $-4.42 (2019) to $-5.43 (2024).
Chart 6Free Cash Flow — 5 Years
OppFi Inc. generated $311M FCF in 2024 (+103% vs 2021). Forge Global Holdings, Inc. generated $-41M FCF in 2024 (-641% vs 2021).
OPFI vs FRGE: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is OPFI or FRGE a better buy right now?
OppFi Inc. (OPFI) offers the better valuation at 25.5x trailing P/E (5.3x forward), making it the more compelling value choice. Analysts rate OppFi Inc. (OPFI) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — OPFI or FRGE?
Over the past 5 years, OppFi Inc. (OPFI) delivered a total return of -6.7%, compared to -70.7% for Forge Global Holdings, Inc. (FRGE). A $10,000 investment in OPFI five years ago would be worth approximately $9K today (assuming dividends reinvested). Over 10 years, the gap is even starker: OPFI returned -3.0% versus FRGE's -70.9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — OPFI or FRGE?
By beta (market sensitivity over 5 years), Forge Global Holdings, Inc. (FRGE) is the lower-risk stock at 0.56β versus OppFi Inc.'s 1.51β — meaning OPFI is approximately 171% more volatile than FRGE relative to the S&P 500. On balance sheet safety, Forge Global Holdings, Inc. (FRGE) carries a lower debt/equity ratio of 6% versus 142% for OppFi Inc. — giving it more financial flexibility in a downturn.
04Which has better profit margins — OPFI or FRGE?
OppFi Inc. (OPFI) is the more profitable company, earning 1.4% net margin versus -83.6% for Forge Global Holdings, Inc. — meaning it keeps 1.4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OPFI leads at 18.0% versus -103.7% for FRGE. At the gross margin level — before operating expenses — OPFI leads at 80.0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
05Is OPFI or FRGE more undervalued right now?
Analyst consensus price targets imply the most upside for FRGE: 0.0% to $45.00.
06Which pays a better dividend — OPFI or FRGE?
In this comparison, OPFI (1.3% yield) pays a dividend. FRGE does not pay a meaningful dividend and should not be held primarily for income.
07Is OPFI or FRGE better for a retirement portfolio?
For long-horizon retirement investors, Forge Global Holdings, Inc. (FRGE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.56)). OppFi Inc. (OPFI) carries a higher beta of 1.51 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (FRGE: -70.9%, OPFI: -3.0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between OPFI and FRGE?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. OPFI pays a dividend while FRGE does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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