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Side-by-side financial comparison of APPFOLIO INC (APPF) and Eastern Bankshares, Inc. (EBC). Click either name above to swap in a different company.
Eastern Bankshares, Inc. is the larger business by last-quarter revenue ($295.9M vs $262.2M, roughly 1.1× APPFOLIO INC). Eastern Bankshares, Inc. runs the higher net margin — 22.1% vs 16.2%, a 5.9% gap on every dollar of revenue. On growth, Eastern Bankshares, Inc. posted the faster year-over-year revenue change (710.6% vs 20.4%). Over the past eight quarters, Eastern Bankshares, Inc.'s revenue compounded faster (38.6% 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.
Eastern Bank is a bank based in Boston, Massachusetts. Before de-mutualizing in 2020, it was the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts.
APPF vs EBC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $295.9M |
| Net Profit | $42.4M | $65.3M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | — |
| Net Margin | 16.2% | 22.1% |
| Revenue YoY | 20.4% | 710.6% |
| Net Profit YoY | 35.2% | -34.4% |
| EPS (diluted) | $1.18 | $0.29 |
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 | $295.9M | ||
| Q4 25 | $248.2M | $37.5M | ||
| Q3 25 | $249.4M | $241.5M | ||
| Q2 25 | $235.6M | $244.9M | ||
| Q1 25 | $217.7M | $31.1M | ||
| Q4 24 | $203.7M | $216.5M | ||
| Q3 24 | $205.7M | $203.4M | ||
| Q2 24 | $197.4M | $154.0M |
| Q1 26 | $42.4M | $65.3M | ||
| Q4 25 | $39.9M | $99.5M | ||
| Q3 25 | $33.6M | $106.1M | ||
| Q2 25 | $36.0M | $100.2M | ||
| Q1 25 | $31.4M | $-217.7M | ||
| Q4 24 | $102.7M | $60.8M | ||
| Q3 24 | $33.0M | $-6.2M | ||
| Q2 24 | $29.7M | $26.3M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | — | ||
| Q3 25 | 14.1% | 38.9% | ||
| Q2 25 | 17.2% | 41.0% | ||
| Q1 25 | 15.5% | -590.9% | ||
| Q4 24 | 11.3% | 33.3% | ||
| Q3 24 | 20.7% | -1.6% | ||
| Q2 24 | 18.3% | 24.7% |
| Q1 26 | 16.2% | 22.1% | ||
| Q4 25 | 16.1% | 265.6% | ||
| Q3 25 | 13.5% | 44.0% | ||
| Q2 25 | 15.3% | 40.9% | ||
| Q1 25 | 14.4% | -699.2% | ||
| Q4 24 | 50.4% | 28.1% | ||
| Q3 24 | 16.0% | -3.0% | ||
| Q2 24 | 15.0% | 17.1% |
| Q1 26 | $1.18 | $0.29 | ||
| Q4 25 | $1.10 | $0.48 | ||
| Q3 25 | $0.93 | $0.53 | ||
| Q2 25 | $0.99 | $0.50 | ||
| Q1 25 | $0.86 | $-1.08 | ||
| Q4 24 | $2.79 | $0.29 | ||
| Q3 24 | $0.90 | $-0.03 | ||
| Q2 24 | $0.81 | $0.16 |
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 | $551.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $4.3B |
| Total Assets | $580.6M | $30.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | $551.7M | ||
| Q4 25 | $107.0M | $507.6M | ||
| Q3 25 | $76.1M | $703.4M | ||
| Q2 25 | $73.5M | $948.3M | ||
| Q1 25 | $56.9M | $609.0M | ||
| Q4 24 | $42.5M | $1.9B | ||
| Q3 24 | $62.4M | $1.7B | ||
| Q2 24 | $59.6M | $1.4B |
| Q1 26 | $470.2M | $4.3B | ||
| Q4 25 | $542.6M | $4.3B | ||
| Q3 25 | $498.9M | $3.8B | ||
| Q2 25 | $455.6M | $3.7B | ||
| Q1 25 | $462.1M | $3.6B | ||
| Q4 24 | $519.3M | $3.6B | ||
| Q3 24 | $412.8M | $3.7B | ||
| Q2 24 | $371.4M | $3.0B |
| Q1 26 | $580.6M | $30.6B | ||
| Q4 25 | $689.0M | $30.6B | ||
| Q3 25 | $640.5M | $25.5B | ||
| Q2 25 | $567.4M | $25.5B | ||
| Q1 25 | $564.7M | $25.0B | ||
| Q4 24 | $626.7M | $25.6B | ||
| Q3 24 | $523.3M | $25.5B | ||
| Q2 24 | $479.3M | $21.0B |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $432.4M | ||
| Q3 25 | $86.0M | $157.1M | ||
| Q2 25 | $52.6M | $123.9M | ||
| Q1 25 | $38.5M | $47.3M | ||
| Q4 24 | $36.6M | $283.8M | ||
| Q3 24 | $57.8M | $108.3M | ||
| Q2 24 | $50.9M | $54.3M |
| 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× | 4.35× | ||
| Q3 25 | 2.56× | 1.48× | ||
| Q2 25 | 1.46× | 1.24× | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 0.36× | 4.67× | ||
| Q3 24 | 1.75× | — | ||
| Q2 24 | 1.71× | 2.06× |
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% |
EBC
Segment breakdown not available.
