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Side-by-side financial comparison of APPFOLIO INC (APPF) and Enhabit, Inc. (EHAB). Click either name above to swap in a different company.
Enhabit, Inc. is the larger business by last-quarter revenue ($270.4M vs $262.2M, roughly 1.0× APPFOLIO INC). APPFOLIO INC runs the higher net margin — 16.2% vs -14.3%, a 30.5% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 4.7%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 1.5%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Enhabit, Inc., is a Dallas, Texas-based provider of home health and hospice services. The company operates 255 home health and 110 hospice locations in 34 states with a concentration in Texas, Alabama, Florida, Georgia, Oklahoma and Mississippi. Enhabit is the fourth-largest provider of home health services in the United States and is a leading provider of hospice services. The company was formed in 2022 when Encompass Health spun off its home health and hospice business.
APPF vs EHAB — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $270.4M |
| Net Profit | $42.4M | $-38.7M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | -12.3% |
| Net Margin | 16.2% | -14.3% |
| Revenue YoY | 20.4% | 4.7% |
| Net Profit YoY | 35.2% | 15.9% |
| EPS (diluted) | $1.18 | $-0.76 |
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 | $270.4M | ||
| Q3 25 | $249.4M | $263.6M | ||
| Q2 25 | $235.6M | $266.1M | ||
| Q1 25 | $217.7M | $259.9M | ||
| Q4 24 | $203.7M | $258.2M | ||
| Q3 24 | $205.7M | $253.6M | ||
| Q2 24 | $197.4M | $260.6M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $-38.7M | ||
| Q3 25 | $33.6M | $11.1M | ||
| Q2 25 | $36.0M | $5.2M | ||
| Q1 25 | $31.4M | $17.8M | ||
| Q4 24 | $102.7M | $-46.0M | ||
| Q3 24 | $33.0M | $-110.2M | ||
| Q2 24 | $29.7M | $-200.0K |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | -12.3% | ||
| Q3 25 | 14.1% | 6.4% | ||
| Q2 25 | 17.2% | 6.3% | ||
| Q1 25 | 15.5% | 6.1% | ||
| Q4 24 | 11.3% | -16.0% | ||
| Q3 24 | 20.7% | -38.6% | ||
| Q2 24 | 18.3% | 4.3% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | -14.3% | ||
| Q3 25 | 13.5% | 4.2% | ||
| Q2 25 | 15.3% | 2.0% | ||
| Q1 25 | 14.4% | 6.8% | ||
| Q4 24 | 50.4% | -17.8% | ||
| Q3 24 | 16.0% | -43.5% | ||
| Q2 24 | 15.0% | -0.1% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $-0.76 | ||
| Q3 25 | $0.93 | $0.22 | ||
| Q2 25 | $0.99 | $0.10 | ||
| Q1 25 | $0.86 | $0.35 | ||
| Q4 24 | $2.79 | $-0.92 | ||
| Q3 24 | $0.90 | $-2.20 | ||
| Q2 24 | $0.81 | $0.00 |
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 | $43.6M |
| Total DebtLower is stronger | — | $426.0M |
| Stockholders' EquityBook value | $470.2M | $534.0M |
| Total Assets | $580.6M | $1.2B |
| Debt / EquityLower = less leverage | — | 0.80× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $43.6M | ||
| Q3 25 | $76.1M | $56.9M | ||
| Q2 25 | $73.5M | $37.1M | ||
| Q1 25 | $56.9M | $39.5M | ||
| Q4 24 | $42.5M | $28.4M | ||
| Q3 24 | $62.4M | $45.7M | ||
| Q2 24 | $59.6M | $28.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $426.0M | ||
| Q3 25 | — | $441.5M | ||
| Q2 25 | — | $456.9M | ||
| Q1 25 | — | $467.3M | ||
| Q4 24 | — | $492.6M | ||
| Q3 24 | — | $502.9M | ||
| Q2 24 | — | $512.7M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $534.0M | ||
| Q3 25 | $498.9M | $566.8M | ||
| Q2 25 | $455.6M | $552.4M | ||
| Q1 25 | $462.1M | $543.2M | ||
| Q4 24 | $519.3M | $523.5M | ||
| Q3 24 | $412.8M | $566.1M | ||
| Q2 24 | $371.4M | $674.3M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $1.2B | ||
| Q3 25 | $640.5M | $1.2B | ||
| Q2 25 | $567.4M | $1.2B | ||
| Q1 25 | $564.7M | $1.2B | ||
| Q4 24 | $626.7M | $1.2B | ||
| Q3 24 | $523.3M | $1.3B | ||
| Q2 24 | $479.3M | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.78× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 0.94× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | — | 0.76× |
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 | $4.4M |
| Free Cash FlowOCF − Capex | — | $3.3M |
| FCF MarginFCF / Revenue | — | 1.2% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $65.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $4.4M | ||
| Q3 25 | $86.0M | $37.8M | ||
| Q2 25 | $52.6M | $10.6M | ||
| Q1 25 | $38.5M | $17.9M | ||
| Q4 24 | $36.6M | $-4.1M | ||
| Q3 24 | $57.8M | $28.4M | ||
| Q2 24 | $50.9M | $9.6M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $3.3M | ||
| Q3 25 | $84.7M | $36.2M | ||
| Q2 25 | $52.4M | $8.7M | ||
| Q1 25 | $38.2M | $17.6M | ||
| Q4 24 | $36.4M | $-4.7M | ||
| Q3 24 | $57.4M | $27.7M | ||
| Q2 24 | $50.8M | $8.9M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 1.2% | ||
| Q3 25 | 34.0% | 13.7% | ||
| Q2 25 | 22.2% | 3.3% | ||
| Q1 25 | 17.6% | 6.8% | ||
| Q4 24 | 17.9% | -1.8% | ||
| Q3 24 | 27.9% | 10.9% | ||
| Q2 24 | 25.8% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.4% | ||
| Q3 25 | 0.5% | 0.6% | ||
| Q2 25 | 0.1% | 0.7% | ||
| Q1 25 | 0.1% | 0.1% | ||
| Q4 24 | 0.1% | 0.2% | ||
| Q3 24 | 0.2% | 0.3% | ||
| Q2 24 | 0.0% | 0.3% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | 3.41× | ||
| Q2 25 | 1.46× | 2.04× | ||
| Q1 25 | 1.23× | 1.01× | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 1.75× | — | ||
| 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% |
EHAB
| Third Party Payor Medicare | $111.6M | 41% |
| Third Party Payor Medicare Advantage | $67.5M | 25% |
| Hospice Segment | $63.6M | 24% |
| Third Party Payor Managed Care | $24.9M | 9% |
| Third Party Payor Medicaid | $1.7M | 1% |
