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Side-by-side financial comparison of APPFOLIO INC (APPF) and BALCHEM CORP (BCPC). Click either name above to swap in a different company.
BALCHEM CORP is the larger business by last-quarter revenue ($270.7M vs $262.2M, roughly 1.0× APPFOLIO INC). APPFOLIO INC runs the higher net margin — 16.2% vs 14.9%, a 1.3% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 8.1%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 7.5%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Balchem Corp is a global specialty chemicals and nutritional ingredients provider that develops, manufactures and distributes application-specific products for human nutrition, animal health, pharmaceutical and industrial end markets, serving customers across North America, Europe and Asia Pacific.
APPF vs BCPC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $270.7M |
| Net Profit | $42.4M | $40.3M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | 20.5% |
| Net Margin | 16.2% | 14.9% |
| Revenue YoY | 20.4% | 8.1% |
| Net Profit YoY | 35.2% | 8.7% |
| EPS (diluted) | $1.18 | $1.25 |
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 | $262.2M | $270.7M | ||
| Q4 25 | $248.2M | $263.6M | ||
| Q3 25 | $249.4M | $267.6M | ||
| Q2 25 | $235.6M | $255.5M | ||
| Q1 25 | $217.7M | $250.5M | ||
| Q4 24 | $203.7M | $240.0M | ||
| Q3 24 | $205.7M | $239.9M | ||
| Q2 24 | $197.4M | $234.1M |
| Q1 26 | $42.4M | $40.3M | ||
| Q4 25 | $39.9M | $39.2M | ||
| Q3 25 | $33.6M | $40.3M | ||
| Q2 25 | $36.0M | $38.3M | ||
| Q1 25 | $31.4M | $37.1M | ||
| Q4 24 | $102.7M | $33.6M | ||
| Q3 24 | $33.0M | $33.8M | ||
| Q2 24 | $29.7M | $32.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.6% | ||
| Q3 25 | — | 35.7% | ||
| Q2 25 | — | 36.4% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 36.0% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 35.5% |
| Q1 26 | 19.4% | 20.5% | ||
| Q4 25 | 17.6% | 19.8% | ||
| Q3 25 | 14.1% | 20.4% | ||
| Q2 25 | 17.2% | 20.1% | ||
| Q1 25 | 15.5% | 20.4% | ||
| Q4 24 | 11.3% | 19.8% | ||
| Q3 24 | 20.7% | 20.0% | ||
| Q2 24 | 18.3% | 19.6% |
| Q1 26 | 16.2% | 14.9% | ||
| Q4 25 | 16.1% | 14.9% | ||
| Q3 25 | 13.5% | 15.1% | ||
| Q2 25 | 15.3% | 15.0% | ||
| Q1 25 | 14.4% | 14.8% | ||
| Q4 24 | 50.4% | 14.0% | ||
| Q3 24 | 16.0% | 14.1% | ||
| Q2 24 | 15.0% | 13.7% |
| Q1 26 | $1.18 | $1.25 | ||
| Q4 25 | $1.10 | $1.21 | ||
| Q3 25 | $0.93 | $1.24 | ||
| Q2 25 | $0.99 | $1.17 | ||
| Q1 25 | $0.86 | $1.13 | ||
| Q4 24 | $2.79 | $1.03 | ||
| Q3 24 | $0.90 | $1.03 | ||
| Q2 24 | $0.81 | $0.98 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $147.4M | $72.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $1.3B |
| Total Assets | $580.6M | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | $72.9M | ||
| Q4 25 | $107.0M | $74.6M | ||
| Q3 25 | $76.1M | $65.1M | ||
| Q2 25 | $73.5M | $65.4M | ||
| Q1 25 | $56.9M | $49.9M | ||
| Q4 24 | $42.5M | $49.5M | ||
| Q3 24 | $62.4M | $73.7M | ||
| Q2 24 | $59.6M | $63.7M |
| Q1 26 | $470.2M | $1.3B | ||
| Q4 25 | $542.6M | $1.3B | ||
| Q3 25 | $498.9M | $1.3B | ||
| Q2 25 | $455.6M | $1.3B | ||
| Q1 25 | $462.1M | $1.2B | ||
| Q4 24 | $519.3M | $1.1B | ||
| Q3 24 | $412.8M | $1.2B | ||
| Q2 24 | $371.4M | $1.1B |
| Q1 26 | $580.6M | $1.7B | ||
| Q4 25 | $689.0M | $1.7B | ||
| Q3 25 | $640.5M | $1.7B | ||
| Q2 25 | $567.4M | $1.7B | ||
| Q1 25 | $564.7M | $1.6B | ||
| Q4 24 | $626.7M | $1.6B | ||
| Q3 24 | $523.3M | $1.6B | ||
| Q2 24 | $479.3M | $1.6B |
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 | $34.3M | $40.1M |
| Free Cash FlowOCF − Capex | — | $33.8M |
| FCF MarginFCF / Revenue | — | 12.5% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | 0.81× | 0.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | $40.1M | ||
| Q4 25 | $65.0M | $67.3M | ||
| Q3 25 | $86.0M | $65.6M | ||
| Q2 25 | $52.6M | $47.3M | ||
| Q1 25 | $38.5M | $36.5M | ||
| Q4 24 | $36.6M | $52.3M | ||
| Q3 24 | $57.8M | $51.3M | ||
| Q2 24 | $50.9M | $45.0M |
| Q1 26 | — | $33.8M | ||
| Q4 25 | $63.7M | — | ||
| Q3 25 | $84.7M | — | ||
| Q2 25 | $52.4M | — | ||
| Q1 25 | $38.2M | — | ||
| Q4 24 | $36.4M | — | ||
| Q3 24 | $57.4M | — | ||
| Q2 24 | $50.8M | — |
| Q1 26 | — | 12.5% | ||
| Q4 25 | 25.7% | — | ||
| Q3 25 | 34.0% | — | ||
| Q2 25 | 22.2% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 17.9% | — | ||
| Q3 24 | 27.9% | — | ||
| Q2 24 | 25.8% | — |
| Q1 26 | — | 2.3% | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.0% | — |
| Q1 26 | 0.81× | 0.99× | ||
| Q4 25 | 1.63× | 1.72× | ||
| Q3 25 | 2.56× | 1.63× | ||
| Q2 25 | 1.46× | 1.23× | ||
| Q1 25 | 1.23× | 0.98× | ||
| Q4 24 | 0.36× | 1.56× | ||
| Q3 24 | 1.75× | 1.52× | ||
| Q2 24 | 1.71× | 1.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APPF
| Value Added Services | $201.4M | 77% |
| Subscription Services | $58.2M | 22% |
BCPC
Segment breakdown not available.
