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Side-by-side financial comparison of APPFOLIO INC (APPF) and Civeo Corp (CVEO). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $161.6M, roughly 1.6× Civeo Corp). APPFOLIO INC runs the higher net margin — 16.2% vs -4.0%, a 20.2% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 7.1%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs -1.4%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
The Civeo Corporation is an American accommodation services multinational corporation. It is a spin-off of Oil States International. It is a public company listed on the New York Stock Exchange.
APPF vs CVEO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $161.6M |
| Net Profit | $42.4M | $-6.5M |
| Gross Margin | — | 22.7% |
| Operating Margin | 19.4% | -0.1% |
| Net Margin | 16.2% | -4.0% |
| Revenue YoY | 20.4% | 7.1% |
| Net Profit YoY | 35.2% | 58.1% |
| EPS (diluted) | $1.18 | $-0.58 |
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 | $161.6M | ||
| Q3 25 | $249.4M | $170.5M | ||
| Q2 25 | $235.6M | $162.7M | ||
| Q1 25 | $217.7M | $144.0M | ||
| Q4 24 | $203.7M | $151.0M | ||
| Q3 24 | $205.7M | $176.3M | ||
| Q2 24 | $197.4M | $188.7M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $-6.5M | ||
| Q3 25 | $33.6M | $-455.0K | ||
| Q2 25 | $36.0M | $-3.3M | ||
| Q1 25 | $31.4M | $-9.8M | ||
| Q4 24 | $102.7M | $-15.4M | ||
| Q3 24 | $33.0M | $-5.1M | ||
| Q2 24 | $29.7M | $8.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 22.7% | ||
| Q3 25 | — | 25.7% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | — | 18.6% | ||
| Q3 24 | — | 21.4% | ||
| Q2 24 | — | 25.4% |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | -0.1% | ||
| Q3 25 | 14.1% | 4.1% | ||
| Q2 25 | 17.2% | 1.7% | ||
| Q1 25 | 15.5% | -3.8% | ||
| Q4 24 | 11.3% | -6.7% | ||
| Q3 24 | 20.7% | 0.0% | ||
| Q2 24 | 18.3% | 6.9% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | -4.0% | ||
| Q3 25 | 13.5% | -0.3% | ||
| Q2 25 | 15.3% | -2.0% | ||
| Q1 25 | 14.4% | -6.8% | ||
| Q4 24 | 50.4% | -10.2% | ||
| Q3 24 | 16.0% | -2.9% | ||
| Q2 24 | 15.0% | 4.4% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $-0.58 | ||
| Q3 25 | $0.93 | $-0.04 | ||
| Q2 25 | $0.99 | $-0.25 | ||
| Q1 25 | $0.86 | $-0.72 | ||
| Q4 24 | $2.79 | $-1.04 | ||
| Q3 24 | $0.90 | $-0.36 | ||
| Q2 24 | $0.81 | $0.56 |
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 | $14.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $174.4M |
| Total Assets | $580.6M | $477.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $14.4M | ||
| Q3 25 | $76.1M | $12.0M | ||
| Q2 25 | $73.5M | $14.6M | ||
| Q1 25 | $56.9M | $28.4M | ||
| Q4 24 | $42.5M | $5.2M | ||
| Q3 24 | $62.4M | $17.9M | ||
| Q2 24 | $59.6M | $7.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $43.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $174.4M | ||
| Q3 25 | $498.9M | $182.5M | ||
| Q2 25 | $455.6M | $209.4M | ||
| Q1 25 | $462.1M | $220.7M | ||
| Q4 24 | $519.3M | $236.4M | ||
| Q3 24 | $412.8M | $282.2M | ||
| Q2 24 | $371.4M | $297.4M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $477.4M | ||
| Q3 25 | $640.5M | $491.1M | ||
| Q2 25 | $567.4M | $508.8M | ||
| Q1 25 | $564.7M | $423.8M | ||
| Q4 24 | $626.7M | $405.1M | ||
| Q3 24 | $523.3M | $477.6M | ||
| Q2 24 | $479.3M | $483.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.18× | ||
| 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 | $34.3M | $19.3M |
| Free Cash FlowOCF − Capex | — | $14.5M |
| FCF MarginFCF / Revenue | — | 8.9% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $19.3M | ||
| Q3 25 | $86.0M | $13.8M | ||
| Q2 25 | $52.6M | $-2.3M | ||
| Q1 25 | $38.5M | $-8.4M | ||
| Q4 24 | $36.6M | $9.5M | ||
| Q3 24 | $57.8M | $35.7M | ||
| Q2 24 | $50.9M | $32.4M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $14.5M | ||
| Q3 25 | $84.7M | $8.2M | ||
| Q2 25 | $52.4M | $-6.8M | ||
| Q1 25 | $38.2M | $-13.7M | ||
| Q4 24 | $36.4M | $1.8M | ||
| Q3 24 | $57.4M | $28.2M | ||
| Q2 24 | $50.8M | $27.0M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 8.9% | ||
| Q3 25 | 34.0% | 4.8% | ||
| Q2 25 | 22.2% | -4.2% | ||
| Q1 25 | 17.6% | -9.5% | ||
| Q4 24 | 17.9% | 1.2% | ||
| Q3 24 | 27.9% | 16.0% | ||
| Q2 24 | 25.8% | 14.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 3.0% | ||
| Q3 25 | 0.5% | 3.3% | ||
| Q2 25 | 0.1% | 2.8% | ||
| Q1 25 | 0.1% | 3.7% | ||
| Q4 24 | 0.1% | 5.1% | ||
| Q3 24 | 0.2% | 4.2% | ||
| Q2 24 | 0.0% | 2.8% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | — | ||
| Q2 25 | 1.46× | — | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 1.75× | — | ||
| Q2 24 | 1.71× | 3.93× |
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% |
CVEO
Segment breakdown not available.
