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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and APPFOLIO INC (APPF). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $262.2M, roughly 1.3× APPFOLIO INC). APPFOLIO INC runs the higher net margin — 16.2% vs 4.7%, a 11.4% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 1.6%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 2.9%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
APOG vs APPF — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $262.2M |
| Net Profit | $16.6M | $42.4M |
| Gross Margin | 22.4% | — |
| Operating Margin | 7.3% | 19.4% |
| Net Margin | 4.7% | 16.2% |
| Revenue YoY | 1.6% | 20.4% |
| Net Profit YoY | 568.8% | 35.2% |
| EPS (diluted) | $0.78 | $1.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $351.4M | $262.2M | ||
| Q4 25 | $348.6M | $248.2M | ||
| Q3 25 | $358.2M | $249.4M | ||
| Q2 25 | $346.6M | $235.6M | ||
| Q1 25 | $345.7M | $217.7M | ||
| Q4 24 | $341.3M | $203.7M | ||
| Q3 24 | $342.4M | $205.7M | ||
| Q2 24 | $331.5M | $197.4M |
| Q1 26 | $16.6M | $42.4M | ||
| Q4 25 | $16.5M | $39.9M | ||
| Q3 25 | $23.6M | $33.6M | ||
| Q2 25 | $-2.7M | $36.0M | ||
| Q1 25 | $2.5M | $31.4M | ||
| Q4 24 | $21.0M | $102.7M | ||
| Q3 24 | $30.6M | $33.0M | ||
| Q2 24 | $31.0M | $29.7M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 29.8% | — |
| Q1 26 | 7.3% | 19.4% | ||
| Q4 25 | 7.1% | 17.6% | ||
| Q3 25 | 7.5% | 14.1% | ||
| Q2 25 | 2.0% | 17.2% | ||
| Q1 25 | 1.8% | 15.5% | ||
| Q4 24 | 8.4% | 11.3% | ||
| Q3 24 | 12.3% | 20.7% | ||
| Q2 24 | 12.5% | 18.3% |
| Q1 26 | 4.7% | 16.2% | ||
| Q4 25 | 4.7% | 16.1% | ||
| Q3 25 | 6.6% | 13.5% | ||
| Q2 25 | -0.8% | 15.3% | ||
| Q1 25 | 0.7% | 14.4% | ||
| Q4 24 | 6.1% | 50.4% | ||
| Q3 24 | 8.9% | 16.0% | ||
| Q2 24 | 9.4% | 15.0% |
| Q1 26 | $0.78 | $1.18 | ||
| Q4 25 | $0.77 | $1.10 | ||
| Q3 25 | $1.10 | $0.93 | ||
| Q2 25 | $-0.13 | $0.99 | ||
| Q1 25 | $0.12 | $0.86 | ||
| Q4 24 | $0.96 | $2.79 | ||
| Q3 24 | $1.40 | $0.90 | ||
| Q2 24 | $1.41 | $0.81 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $39.5M | $147.4M |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | $470.2M |
| Total Assets | $1.1B | $580.6M |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | $147.4M | ||
| Q4 25 | $41.3M | $107.0M | ||
| Q3 25 | $39.5M | $76.1M | ||
| Q2 25 | $32.8M | $73.5M | ||
| Q1 25 | $41.4M | $56.9M | ||
| Q4 24 | $43.9M | $42.5M | ||
| Q3 24 | $51.0M | $62.4M | ||
| Q2 24 | $30.4M | $59.6M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $511.8M | $470.2M | ||
| Q4 25 | $512.3M | $542.6M | ||
| Q3 25 | $500.2M | $498.9M | ||
| Q2 25 | $481.8M | $455.6M | ||
| Q1 25 | $487.9M | $462.1M | ||
| Q4 24 | $522.1M | $519.3M | ||
| Q3 24 | $506.4M | $412.8M | ||
| Q2 24 | $480.0M | $371.4M |
| Q1 26 | $1.1B | $580.6M | ||
| Q4 25 | $1.1B | $689.0M | ||
| Q3 25 | $1.2B | $640.5M | ||
| Q2 25 | $1.2B | $567.4M | ||
| Q1 25 | $1.2B | $564.7M | ||
| Q4 24 | $1.2B | $626.7M | ||
| Q3 24 | $917.1M | $523.3M | ||
| Q2 24 | $889.0M | $479.3M |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $122.5M | $34.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 7.8% | — |
| Cash ConversionOCF / Net Profit | 7.37× | 0.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | $34.3M | ||
| Q4 25 | $29.3M | $65.0M | ||
| Q3 25 | $57.1M | $86.0M | ||
| Q2 25 | $-19.8M | $52.6M | ||
| Q1 25 | $30.0M | $38.5M | ||
| Q4 24 | $31.0M | $36.6M | ||
| Q3 24 | $58.7M | $57.8M | ||
| Q2 24 | $5.5M | $50.9M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $63.7M | ||
| Q3 25 | $52.4M | $84.7M | ||
| Q2 25 | $-26.9M | $52.4M | ||
| Q1 25 | $19.1M | $38.2M | ||
| Q4 24 | $22.0M | $36.4M | ||
| Q3 24 | $50.2M | $57.4M | ||
| Q2 24 | $-1.8M | $50.8M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 25.7% | ||
| Q3 25 | 14.6% | 34.0% | ||
| Q2 25 | -7.8% | 22.2% | ||
| Q1 25 | 5.5% | 17.6% | ||
| Q4 24 | 6.4% | 17.9% | ||
| Q3 24 | 14.7% | 27.9% | ||
| Q2 24 | -0.5% | 25.8% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 0.5% | ||
| Q3 25 | 1.3% | 0.5% | ||
| Q2 25 | 2.1% | 0.1% | ||
| Q1 25 | 3.2% | 0.1% | ||
| Q4 24 | 2.6% | 0.1% | ||
| Q3 24 | 2.5% | 0.2% | ||
| Q2 24 | 2.2% | 0.0% |
| Q1 26 | 7.37× | 0.81× | ||
| Q4 25 | 1.77× | 1.63× | ||
| Q3 25 | 2.41× | 2.56× | ||
| Q2 25 | — | 1.46× | ||
| Q1 25 | 12.08× | 1.23× | ||
| Q4 24 | 1.48× | 0.36× | ||
| Q3 24 | 1.92× | 1.75× | ||
| Q2 24 | 0.18× | 1.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
APPF
| Value Added Services | $201.4M | 77% |
| Subscription Services | $58.2M | 22% |
