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Side-by-side financial comparison of APPFOLIO INC (APPF) and Donnelley Financial Solutions, Inc. (DFIN). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $172.5M, roughly 1.5× Donnelley Financial Solutions, Inc.). APPFOLIO INC runs the higher net margin — 16.2% vs 3.6%, a 12.6% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 10.4%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs -7.9%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Donnelley Financial Solutions (DFIN) is a financial compliance company based in Chicago, Illinois, United States. The company provides software as a service (SaaS) products, software-enabled services (SeS), print, and compliance services related to US Securities and Exchange Commission regulations to companies in capital and investment markets.
APPF vs DFIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $172.5M |
| Net Profit | $42.4M | $6.2M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | 8.3% |
| Net Margin | 16.2% | 3.6% |
| Revenue YoY | 20.4% | 10.4% |
| Net Profit YoY | 35.2% | -1.6% |
| EPS (diluted) | $1.18 | $0.31 |
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 | $172.5M | ||
| Q3 25 | $249.4M | $175.3M | ||
| Q2 25 | $235.6M | $218.1M | ||
| Q1 25 | $217.7M | $201.1M | ||
| Q4 24 | $203.7M | $156.3M | ||
| Q3 24 | $205.7M | $179.5M | ||
| Q2 24 | $197.4M | $242.7M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $6.2M | ||
| Q3 25 | $33.6M | $-40.9M | ||
| Q2 25 | $36.0M | $36.1M | ||
| Q1 25 | $31.4M | $31.0M | ||
| Q4 24 | $102.7M | $6.3M | ||
| Q3 24 | $33.0M | $8.7M | ||
| Q2 24 | $29.7M | $44.1M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 8.3% | ||
| Q3 25 | 14.1% | 16.1% | ||
| Q2 25 | 17.2% | 24.2% | ||
| Q1 25 | 15.5% | 22.8% | ||
| Q4 24 | 11.3% | 6.0% | ||
| Q3 24 | 20.7% | 10.1% | ||
| Q2 24 | 18.3% | 26.6% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 3.6% | ||
| Q3 25 | 13.5% | -23.3% | ||
| Q2 25 | 15.3% | 16.6% | ||
| Q1 25 | 14.4% | 15.4% | ||
| Q4 24 | 50.4% | 4.0% | ||
| Q3 24 | 16.0% | 4.8% | ||
| Q2 24 | 15.0% | 18.2% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.31 | ||
| Q3 25 | $0.93 | $-1.49 | ||
| Q2 25 | $0.99 | $1.28 | ||
| Q1 25 | $0.86 | $1.05 | ||
| Q4 24 | $2.79 | $0.21 | ||
| Q3 24 | $0.90 | $0.29 | ||
| Q2 24 | $0.81 | $1.47 |
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 | $24.5M |
| Total DebtLower is stronger | — | $171.3M |
| Stockholders' EquityBook value | $470.2M | $379.2M |
| Total Assets | $580.6M | $800.4M |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $24.5M | ||
| Q3 25 | $76.1M | $22.7M | ||
| Q2 25 | $73.5M | $33.8M | ||
| Q1 25 | $56.9M | $16.2M | ||
| Q4 24 | $42.5M | $57.3M | ||
| Q3 24 | $62.4M | $33.6M | ||
| Q2 24 | $59.6M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $171.3M | ||
| Q3 25 | — | $154.7M | ||
| Q2 25 | — | $190.1M | ||
| Q1 25 | — | $189.5M | ||
| Q4 24 | — | $124.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $379.2M | ||
| Q3 25 | $498.9M | $423.1M | ||
| Q2 25 | $455.6M | $432.1M | ||
| Q1 25 | $462.1M | $419.9M | ||
| Q4 24 | $519.3M | $436.1M | ||
| Q3 24 | $412.8M | $444.5M | ||
| Q2 24 | $371.4M | $441.5M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $800.4M | ||
| Q3 25 | $640.5M | $816.3M | ||
| Q2 25 | $567.4M | $874.7M | ||
| Q1 25 | $564.7M | $852.8M | ||
| Q4 24 | $626.7M | $841.6M | ||
| Q3 24 | $523.3M | $843.6M | ||
| Q2 24 | $479.3M | $882.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 0.29× | ||
| 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 | $59.8M |
| Free Cash FlowOCF − Capex | — | $47.9M |
| FCF MarginFCF / Revenue | — | 27.8% |
| Capex IntensityCapex / Revenue | — | 6.9% |
| Cash ConversionOCF / Net Profit | 0.81× | 9.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $59.8M | ||
| Q3 25 | $86.0M | $74.4M | ||
| Q2 25 | $52.6M | $68.4M | ||
| Q1 25 | $38.5M | $-37.7M | ||
| Q4 24 | $36.6M | $56.4M | ||
| Q3 24 | $57.8M | $86.4M | ||
| Q2 24 | $50.9M | $56.2M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $47.9M | ||
| Q3 25 | $84.7M | $59.2M | ||
| Q2 25 | $52.4M | $51.7M | ||
| Q1 25 | $38.2M | $-51.0M | ||
| Q4 24 | $36.4M | $41.3M | ||
| Q3 24 | $57.4M | $67.3M | ||
| Q2 24 | $50.8M | $36.8M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 27.8% | ||
| Q3 25 | 34.0% | 33.8% | ||
| Q2 25 | 22.2% | 23.7% | ||
| Q1 25 | 17.6% | -25.4% | ||
| Q4 24 | 17.9% | 26.4% | ||
| Q3 24 | 27.9% | 37.5% | ||
| Q2 24 | 25.8% | 15.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 6.9% | ||
| Q3 25 | 0.5% | 8.7% | ||
| Q2 25 | 0.1% | 7.7% | ||
| Q1 25 | 0.1% | 6.6% | ||
| Q4 24 | 0.1% | 9.7% | ||
| Q3 24 | 0.2% | 10.6% | ||
| Q2 24 | 0.0% | 8.0% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 9.65× | ||
| Q3 25 | 2.56× | — | ||
| Q2 25 | 1.46× | 1.89× | ||
| Q1 25 | 1.23× | -1.22× | ||
| Q4 24 | 0.36× | 8.95× | ||
| Q3 24 | 1.75× | 9.93× | ||
| Q2 24 | 1.71× | 1.27× |
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% |
DFIN
| Technology Service | $68.0M | 39% |
| Capital Markets Compliance And Communications Management | $61.6M | 36% |
| Investment Companies Software Solutions | $30.9M | 18% |
| Print And Distribution Service | $13.6M | 8% |
