vs
Side-by-side financial comparison of APPFOLIO INC (APPF) and CareTrust REIT, Inc. (CTRE). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $134.9M, roughly 1.9× CareTrust REIT, Inc.). CareTrust REIT, Inc. runs the higher net margin — 82.5% vs 16.2%, a 66.3% gap on every dollar of revenue. On growth, CareTrust REIT, Inc. posted the faster year-over-year revenue change (55.1% vs 20.4%). Over the past eight quarters, CareTrust REIT, Inc.'s revenue compounded faster (46.2% CAGR vs 15.3%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
CareTrust REIT, Inc.CTREEarnings & Financial Report
Target Healthcare REIT is a British property investment company which invests in healthcare properties and holds a large portfolio of care homes. It is structured as a real estate investment trust (REIT) and is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
APPF vs CTRE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $134.9M |
| Net Profit | $42.4M | $111.3M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | — |
| Net Margin | 16.2% | 82.5% |
| Revenue YoY | 20.4% | 55.1% |
| Net Profit YoY | 35.2% | 113.5% |
| EPS (diluted) | $1.18 | $0.52 |
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 | — | ||
| Q4 25 | $248.2M | $134.9M | ||
| Q3 25 | $249.4M | $132.4M | ||
| Q2 25 | $235.6M | $112.5M | ||
| Q1 25 | $217.7M | $96.6M | ||
| Q4 24 | $203.7M | $86.9M | ||
| Q3 24 | $205.7M | $77.4M | ||
| Q2 24 | $197.4M | $68.9M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $111.3M | ||
| Q3 25 | $33.6M | $74.9M | ||
| Q2 25 | $36.0M | $68.5M | ||
| Q1 25 | $31.4M | $65.8M | ||
| Q4 24 | $102.7M | $52.1M | ||
| Q3 24 | $33.0M | $33.4M | ||
| Q2 24 | $29.7M | $10.8M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | — | ||
| Q3 25 | 14.1% | 58.1% | ||
| Q2 25 | 17.2% | 61.3% | ||
| Q1 25 | 15.5% | — | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 20.7% | 43.0% | ||
| Q2 24 | 18.3% | 15.1% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 82.5% | ||
| Q3 25 | 13.5% | 56.6% | ||
| Q2 25 | 15.3% | 60.9% | ||
| Q1 25 | 14.4% | 68.1% | ||
| Q4 24 | 50.4% | 60.0% | ||
| Q3 24 | 16.0% | 43.2% | ||
| Q2 24 | 15.0% | 15.6% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.52 | ||
| Q3 25 | $0.93 | $0.35 | ||
| Q2 25 | $0.99 | $0.35 | ||
| Q1 25 | $0.86 | $0.35 | ||
| Q4 24 | $2.79 | $0.30 | ||
| Q3 24 | $0.90 | $0.21 | ||
| Q2 24 | $0.81 | $0.07 |
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 | $198.0M |
| Total DebtLower is stronger | — | $894.2M |
| Stockholders' EquityBook value | $470.2M | $4.0B |
| Total Assets | $580.6M | $5.1B |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $198.0M | ||
| Q3 25 | $76.1M | $712.5M | ||
| Q2 25 | $73.5M | $306.1M | ||
| Q1 25 | $56.9M | $26.5M | ||
| Q4 24 | $42.5M | $213.8M | ||
| Q3 24 | $62.4M | $377.1M | ||
| Q2 24 | $59.6M | $495.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $894.2M | ||
| Q3 25 | — | $893.8M | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $822.1M | ||
| Q4 24 | — | $396.9M | ||
| Q3 24 | — | $396.7M | ||
| Q2 24 | — | $671.1M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $4.0B | ||
| Q3 25 | $498.9M | $4.0B | ||
| Q2 25 | $455.6M | $3.3B | ||
| Q1 25 | $462.1M | $2.9B | ||
| Q4 24 | $519.3M | $2.9B | ||
| Q3 24 | $412.8M | $2.4B | ||
| Q2 24 | $371.4M | $1.9B |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $5.1B | ||
| Q3 25 | $640.5M | $5.1B | ||
| Q2 25 | $567.4M | $4.7B | ||
| Q1 25 | $564.7M | $3.9B | ||
| Q4 24 | $626.7M | $3.4B | ||
| Q3 24 | $523.3M | $2.9B | ||
| Q2 24 | $479.3M | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.35× |
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 | $394.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.81× | 3.54× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $394.0M | ||
| Q3 25 | $86.0M | $100.9M | ||
| Q2 25 | $52.6M | $100.8M | ||
| Q1 25 | $38.5M | $71.4M | ||
| Q4 24 | $36.6M | $244.3M | ||
| Q3 24 | $57.8M | $67.2M | ||
| Q2 24 | $50.9M | $53.0M |
| Q1 26 | — | — | ||
| 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 | — | — | ||
| 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 | — | — | ||
| 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× | — | ||
| Q4 25 | 1.63× | 3.54× | ||
| Q3 25 | 2.56× | 1.35× | ||
| Q2 25 | 1.46× | 1.47× | ||
| Q1 25 | 1.23× | 1.08× | ||
| Q4 24 | 0.36× | 4.68× | ||
| Q3 24 | 1.75× | 2.01× | ||
| Q2 24 | 1.71× | 4.92× |
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% |
CTRE
Segment breakdown not available.
