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Side-by-side financial comparison of APPFOLIO INC (APPF) and Commercial Vehicle Group, Inc. (CVGI). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $154.8M, roughly 1.7× Commercial Vehicle Group, Inc.). On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs -5.2%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs -10.8%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...
APPF vs CVGI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $154.8M |
| Net Profit | $42.4M | — |
| Gross Margin | — | 9.7% |
| Operating Margin | 19.4% | -1.2% |
| Net Margin | 16.2% | — |
| Revenue YoY | 20.4% | -5.2% |
| Net Profit YoY | 35.2% | — |
| EPS (diluted) | $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 | $262.2M | — | ||
| Q4 25 | $248.2M | $154.8M | ||
| Q3 25 | $249.4M | $152.5M | ||
| Q2 25 | $235.6M | $172.0M | ||
| Q1 25 | $217.7M | $169.8M | ||
| Q4 24 | $203.7M | $163.3M | ||
| Q3 24 | $205.7M | $171.8M | ||
| Q2 24 | $197.4M | $193.7M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | — | ||
| Q3 25 | $33.6M | $-7.1M | ||
| Q2 25 | $36.0M | $-4.8M | ||
| Q1 25 | $31.4M | $-4.3M | ||
| Q4 24 | $102.7M | — | ||
| Q3 24 | $33.0M | $9.5M | ||
| Q2 24 | $29.7M | $-1.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.7% | ||
| Q3 25 | — | 10.5% | ||
| Q2 25 | — | 11.4% | ||
| Q1 25 | — | 10.5% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 9.6% | ||
| Q2 24 | — | 10.6% |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | -1.2% | ||
| Q3 25 | 14.1% | -0.7% | ||
| Q2 25 | 17.2% | 0.5% | ||
| Q1 25 | 15.5% | 0.8% | ||
| Q4 24 | 11.3% | -3.2% | ||
| Q3 24 | 20.7% | -0.6% | ||
| Q2 24 | 18.3% | 0.5% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | — | ||
| Q3 25 | 13.5% | -4.6% | ||
| Q2 25 | 15.3% | -2.8% | ||
| Q1 25 | 14.4% | -2.5% | ||
| Q4 24 | 50.4% | — | ||
| Q3 24 | 16.0% | 5.5% | ||
| Q2 24 | 15.0% | -0.8% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | — | ||
| Q3 25 | $0.93 | — | ||
| Q2 25 | $0.99 | — | ||
| Q1 25 | $0.86 | — | ||
| Q4 24 | $2.79 | — | ||
| Q3 24 | $0.90 | — | ||
| Q2 24 | $0.81 | $-0.05 |
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 | — |
| Total DebtLower is stronger | — | $104.9M |
| Stockholders' EquityBook value | $470.2M | $133.4M |
| Total Assets | $580.6M | $391.7M |
| Debt / EquityLower = less leverage | — | 0.79× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | — | ||
| Q3 25 | $76.1M | — | ||
| Q2 25 | $73.5M | — | ||
| Q1 25 | $56.9M | — | ||
| Q4 24 | $42.5M | — | ||
| Q3 24 | $62.4M | — | ||
| Q2 24 | $59.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $104.9M | ||
| Q3 25 | — | $108.2M | ||
| Q2 25 | — | $118.2M | ||
| Q1 25 | — | $117.4M | ||
| Q4 24 | — | $135.5M | ||
| Q3 24 | — | $128.8M | ||
| Q2 24 | — | $142.0M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $133.4M | ||
| Q3 25 | $498.9M | $136.5M | ||
| Q2 25 | $455.6M | $142.6M | ||
| Q1 25 | $462.1M | $136.7M | ||
| Q4 24 | $519.3M | $135.6M | ||
| Q3 24 | $412.8M | $179.3M | ||
| Q2 24 | $371.4M | $169.6M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $391.7M | ||
| Q3 25 | $640.5M | $400.3M | ||
| Q2 25 | $567.4M | $429.8M | ||
| Q1 25 | $564.7M | $419.8M | ||
| Q4 24 | $626.7M | $424.6M | ||
| Q3 24 | $523.3M | $495.3M | ||
| Q2 24 | $479.3M | $503.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 0.79× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 1.00× | ||
| Q3 24 | — | 0.72× | ||
| Q2 24 | — | 0.84× |
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 | $12.3M |
| Free Cash FlowOCF − Capex | — | $8.7M |
| FCF MarginFCF / Revenue | — | 5.6% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $34.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $12.3M | ||
| Q3 25 | $86.0M | $-1.7M | ||
| Q2 25 | $52.6M | $18.9M | ||
| Q1 25 | $38.5M | $15.2M | ||
| Q4 24 | $36.6M | $-26.6M | ||
| Q3 24 | $57.8M | $-17.1M | ||
| Q2 24 | $50.9M | $12.6M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $8.7M | ||
| Q3 25 | $84.7M | $-3.5M | ||
| Q2 25 | $52.4M | $17.4M | ||
| Q1 25 | $38.2M | $11.4M | ||
| Q4 24 | $36.4M | $-30.6M | ||
| Q3 24 | $57.4M | $-20.3M | ||
| Q2 24 | $50.8M | $6.4M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 5.6% | ||
| Q3 25 | 34.0% | -2.3% | ||
| Q2 25 | 22.2% | 10.1% | ||
| Q1 25 | 17.6% | 6.7% | ||
| Q4 24 | 17.9% | -18.7% | ||
| Q3 24 | 27.9% | -11.8% | ||
| Q2 24 | 25.8% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 2.3% | ||
| Q3 25 | 0.5% | 1.2% | ||
| Q2 25 | 0.1% | 0.9% | ||
| Q1 25 | 0.1% | 2.2% | ||
| Q4 24 | 0.1% | 2.4% | ||
| Q3 24 | 0.2% | 1.9% | ||
| Q2 24 | 0.0% | 3.2% |
| 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× | -1.79× | ||
| Q2 24 | 1.71× | — |
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% |
CVGI
| Global Seating | $70.7M | 46% |
| Global Electrical Systems | $49.7M | 32% |
| Trim Systems And Components | $34.4M | 22% |
