vs
Side-by-side financial comparison of APPFOLIO INC (APPF) and Distribution Solutions Group, Inc. (DSGR). Click either name above to swap in a different company.
Distribution Solutions Group, Inc. is the larger business by last-quarter revenue ($518.0M vs $262.2M, roughly 2.0× APPFOLIO INC). APPFOLIO INC runs the higher net margin — 16.2% vs 1.2%, a 14.9% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 10.7%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 13.1%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
APPF vs DSGR — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $518.0M |
| Net Profit | $42.4M | $6.5M |
| Gross Margin | — | 32.9% |
| Operating Margin | 19.4% | 4.6% |
| Net Margin | 16.2% | 1.2% |
| Revenue YoY | 20.4% | 10.7% |
| Net Profit YoY | 35.2% | -70.6% |
| EPS (diluted) | $1.18 | $0.14 |
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 | — | ||
| Q3 25 | $249.4M | $518.0M | ||
| Q2 25 | $235.6M | $502.4M | ||
| Q1 25 | $217.7M | $478.0M | ||
| Q4 24 | $203.7M | $480.5M | ||
| Q3 24 | $205.7M | $468.0M | ||
| Q2 24 | $197.4M | $439.5M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | — | ||
| Q3 25 | $33.6M | $6.5M | ||
| Q2 25 | $36.0M | $5.0M | ||
| Q1 25 | $31.4M | $3.3M | ||
| Q4 24 | $102.7M | $-25.9M | ||
| Q3 24 | $33.0M | $21.9M | ||
| Q2 24 | $29.7M | $1.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 32.9% | ||
| Q2 25 | — | 33.9% | ||
| Q1 25 | — | 34.3% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | — | 33.9% | ||
| Q2 24 | — | 34.5% |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | — | ||
| Q3 25 | 14.1% | 4.6% | ||
| Q2 25 | 17.2% | 5.3% | ||
| Q1 25 | 15.5% | 4.2% | ||
| Q4 24 | 11.3% | 4.2% | ||
| Q3 24 | 20.7% | 4.0% | ||
| Q2 24 | 18.3% | 3.2% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | — | ||
| Q3 25 | 13.5% | 1.2% | ||
| Q2 25 | 15.3% | 1.0% | ||
| Q1 25 | 14.4% | 0.7% | ||
| Q4 24 | 50.4% | -5.4% | ||
| Q3 24 | 16.0% | 4.7% | ||
| Q2 24 | 15.0% | 0.4% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | — | ||
| Q3 25 | $0.93 | $0.14 | ||
| Q2 25 | $0.99 | $0.11 | ||
| Q1 25 | $0.86 | $0.07 | ||
| Q4 24 | $2.79 | $-0.55 | ||
| Q3 24 | $0.90 | $0.46 | ||
| Q2 24 | $0.81 | $0.04 |
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 | $69.2M |
| Total DebtLower is stronger | — | $665.5M |
| Stockholders' EquityBook value | $470.2M | $653.9M |
| Total Assets | $580.6M | $1.8B |
| Debt / EquityLower = less leverage | — | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | — | ||
| Q3 25 | $76.1M | $69.2M | ||
| Q2 25 | $73.5M | $47.4M | ||
| Q1 25 | $56.9M | $65.4M | ||
| Q4 24 | $42.5M | $66.5M | ||
| Q3 24 | $62.4M | $61.3M | ||
| Q2 24 | $59.6M | $46.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $665.5M | ||
| Q2 25 | — | $675.0M | ||
| Q1 25 | — | $712.4M | ||
| Q4 24 | — | $693.9M | ||
| Q3 24 | — | $704.1M | ||
| Q2 24 | — | $573.7M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | — | ||
| Q3 25 | $498.9M | $653.9M | ||
| Q2 25 | $455.6M | $649.4M | ||
| Q1 25 | $462.1M | $636.7M | ||
| Q4 24 | $519.3M | $640.5M | ||
| Q3 24 | $412.8M | $680.8M | ||
| Q2 24 | $371.4M | $653.3M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | — | ||
| Q3 25 | $640.5M | $1.8B | ||
| Q2 25 | $567.4M | $1.8B | ||
| Q1 25 | $564.7M | $1.8B | ||
| Q4 24 | $626.7M | $1.7B | ||
| Q3 24 | $523.3M | $1.8B | ||
| Q2 24 | $479.3M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.02× | ||
| Q2 25 | — | 1.04× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | 1.08× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 0.88× |
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 | $38.4M |
| Free Cash FlowOCF − Capex | — | $32.9M |
| FCF MarginFCF / Revenue | — | 6.3% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | 0.81× | 5.95× |
| TTM Free Cash FlowTrailing 4 quarters | — | $92.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | — | ||
| Q3 25 | $86.0M | $38.4M | ||
| Q2 25 | $52.6M | $33.3M | ||
| Q1 25 | $38.5M | $-4.8M | ||
| Q4 24 | $36.6M | $45.7M | ||
| Q3 24 | $57.8M | $-17.3M | ||
| Q2 24 | $50.9M | $21.4M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | — | ||
| Q3 25 | $84.7M | $32.9M | ||
| Q2 25 | $52.4M | $28.7M | ||
| Q1 25 | $38.2M | $-10.4M | ||
| Q4 24 | $36.4M | $41.1M | ||
| Q3 24 | $57.4M | $-20.5M | ||
| Q2 24 | $50.8M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | — | ||
| Q3 25 | 34.0% | 6.3% | ||
| Q2 25 | 22.2% | 5.7% | ||
| Q1 25 | 17.6% | -2.2% | ||
| Q4 24 | 17.9% | 8.6% | ||
| Q3 24 | 27.9% | -4.4% | ||
| Q2 24 | 25.8% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.5% | 1.1% | ||
| Q2 25 | 0.1% | 0.9% | ||
| Q1 25 | 0.1% | 1.2% | ||
| Q4 24 | 0.1% | 1.0% | ||
| Q3 24 | 0.2% | 0.7% | ||
| Q2 24 | 0.0% | 0.8% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | 5.95× | ||
| Q2 25 | 1.46× | 6.66× | ||
| Q1 25 | 1.23× | -1.46× | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 1.75× | -0.79× | ||
| Q2 24 | 1.71× | 11.28× |
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% |
DSGR
| Test Equity Segment | $206.5M | 40% |
| Gexpro Services Segment | $130.5M | 25% |
| Lawson Segment | $121.5M | 23% |
| Canada Branch Division Segment | $60.0M | 12% |
