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Side-by-side financial comparison of APPFOLIO INC (APPF) and Flex LNG Ltd. (FLNG). Click either name above to swap in a different company.

APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $173.2M, roughly 1.5× Flex LNG Ltd.). Flex LNG Ltd. runs the higher net margin — 22.2% vs 16.2%, a 6.0% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs -4.5%).

AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.

Golar LNG owns and operates marine LNG infrastructure. The company had developed Floating LNG liquefaction terminal (FLNG) and Floating Storage and Regasification Unit (FSRU) projects based on the conversion of existing LNG carriers. Front End Engineering and Design (FEED) studies have now been completed for a larger newbuild FLNG solution. Golar is also collaborating with another industry leader to investigate solutions for the floating production of blue and green ammonia as well as carbon ...

APPF vs FLNG — Head-to-Head

Bigger by revenue
APPF
APPF
1.5× larger
APPF
$262.2M
$173.2M
FLNG
Growing faster (revenue YoY)
APPF
APPF
+25.0% gap
APPF
20.4%
-4.5%
FLNG
Higher net margin
FLNG
FLNG
6.0% more per $
FLNG
22.2%
16.2%
APPF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
APPF
APPF
FLNG
FLNG
Revenue
$262.2M
$173.2M
Net Profit
$42.4M
$38.4M
Gross Margin
Operating Margin
19.4%
48.9%
Net Margin
16.2%
22.2%
Revenue YoY
20.4%
-4.5%
Net Profit YoY
35.2%
-38.7%
EPS (diluted)
$1.18
$0.71

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.

Revenue
APPF
APPF
FLNG
FLNG
Q1 26
$262.2M
Q4 25
$248.2M
$173.2M
Q3 25
$249.4M
Q2 25
$235.6M
Q1 25
$217.7M
Q4 24
$203.7M
$181.4M
Q3 24
$205.7M
Q2 24
$197.4M
Net Profit
APPF
APPF
FLNG
FLNG
Q1 26
$42.4M
Q4 25
$39.9M
$38.4M
Q3 25
$33.6M
Q2 25
$36.0M
Q1 25
$31.4M
Q4 24
$102.7M
$62.6M
Q3 24
$33.0M
Q2 24
$29.7M
Operating Margin
APPF
APPF
FLNG
FLNG
Q1 26
19.4%
Q4 25
17.6%
48.9%
Q3 25
14.1%
Q2 25
17.2%
Q1 25
15.5%
Q4 24
11.3%
55.9%
Q3 24
20.7%
Q2 24
18.3%
Net Margin
APPF
APPF
FLNG
FLNG
Q1 26
16.2%
Q4 25
16.1%
22.2%
Q3 25
13.5%
Q2 25
15.3%
Q1 25
14.4%
Q4 24
50.4%
34.5%
Q3 24
16.0%
Q2 24
15.0%
EPS (diluted)
APPF
APPF
FLNG
FLNG
Q1 26
$1.18
Q4 25
$1.10
$0.71
Q3 25
$0.93
Q2 25
$0.99
Q1 25
$0.86
Q4 24
$2.79
$1.16
Q3 24
$0.90
Q2 24
$0.81

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APPF
APPF
FLNG
FLNG
Cash + ST InvestmentsLiquidity on hand
$147.4M
$447.6M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$470.2M
$719.3M
Total Assets
$580.6M
$2.6B
Debt / EquityLower = less leverage
2.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APPF
APPF
FLNG
FLNG
Q1 26
$147.4M
Q4 25
$107.0M
$447.6M
Q3 25
$76.1M
Q2 25
$73.5M
Q1 25
$56.9M
Q4 24
$42.5M
$437.2M
Q3 24
$62.4M
Q2 24
$59.6M
Total Debt
APPF
APPF
FLNG
FLNG
Q1 26
Q4 25
$1.9B
Q3 25
Q2 25
Q1 25
Q4 24
$1.8B
Q3 24
Q2 24
Stockholders' Equity
APPF
APPF
FLNG
FLNG
Q1 26
$470.2M
Q4 25
$542.6M
$719.3M
Q3 25
$498.9M
Q2 25
$455.6M
Q1 25
$462.1M
Q4 24
$519.3M
$806.6M
Q3 24
$412.8M
Q2 24
$371.4M
Total Assets
APPF
APPF
FLNG
FLNG
Q1 26
$580.6M
Q4 25
$689.0M
$2.6B
Q3 25
$640.5M
Q2 25
$567.4M
Q1 25
$564.7M
Q4 24
$626.7M
$2.7B
Q3 24
$523.3M
Q2 24
$479.3M
Debt / Equity
APPF
APPF
FLNG
FLNG
Q1 26
Q4 25
2.59×
Q3 25
Q2 25
Q1 25
Q4 24
2.26×
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
APPF
APPF
FLNG
FLNG
Operating Cash FlowLast quarter
$34.3M
$73.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.81×
1.92×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APPF
APPF
FLNG
FLNG
Q1 26
$34.3M
Q4 25
$65.0M
$73.7M
Q3 25
$86.0M
Q2 25
$52.6M
Q1 25
$38.5M
Q4 24
$36.6M
$100.4M
Q3 24
$57.8M
Q2 24
$50.9M
Free Cash Flow
APPF
APPF
FLNG
FLNG
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
FCF Margin
APPF
APPF
FLNG
FLNG
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%
Capex Intensity
APPF
APPF
FLNG
FLNG
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%
Cash Conversion
APPF
APPF
FLNG
FLNG
Q1 26
0.81×
Q4 25
1.63×
1.92×
Q3 25
2.56×
Q2 25
1.46×
Q1 25
1.23×
Q4 24
0.36×
1.60×
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
APPF

Value Added Services$201.4M77%
Subscription Services$58.2M22%

FLNG
FLNG

Segment breakdown not available.

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