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Side-by-side financial comparison of APPFOLIO INC (APPF) and Six Flags Entertainment Corporation (FUN). Click either name above to swap in a different company.

APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $225.6M, roughly 1.2× Six Flags Entertainment Corporation). APPFOLIO INC runs the higher net margin — 16.2% vs -119.0%, a 135.2% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 11.7%).

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

Six Flags, officially Six Flags Entertainment Corporation, is an American amusement park company headquartered in Charlotte, North Carolina, United States. The company has 42 locations in its portfolio, including 27 amusement parks and 15 water parks, with nine on-site resort properties. Formed on July 1, 2024, following a merger of equals between longtime competitors Cedar Fair and the former Six Flags company, it is the largest regional amusement park operator in the world. Upon completion ...

APPF vs FUN — Head-to-Head

Bigger by revenue
APPF
APPF
1.2× larger
APPF
$262.2M
$225.6M
FUN
Growing faster (revenue YoY)
APPF
APPF
+8.8% gap
APPF
20.4%
11.7%
FUN
Higher net margin
APPF
APPF
135.2% more per $
APPF
16.2%
-119.0%
FUN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
APPF
APPF
FUN
FUN
Revenue
$262.2M
$225.6M
Net Profit
$42.4M
$-268.6M
Gross Margin
Operating Margin
19.4%
Net Margin
16.2%
-119.0%
Revenue YoY
20.4%
11.7%
Net Profit YoY
35.2%
-22.2%
EPS (diluted)
$1.18

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
FUN
FUN
Q1 26
$262.2M
$225.6M
Q4 25
$248.2M
$650.1M
Q3 25
$249.4M
$1.3B
Q2 25
$235.6M
$930.4M
Q1 25
$217.7M
$202.1M
Q4 24
$203.7M
Q3 24
$205.7M
$1.3B
Q2 24
$197.4M
$571.6M
Net Profit
APPF
APPF
FUN
FUN
Q1 26
$42.4M
$-268.6M
Q4 25
$39.9M
$-92.4M
Q3 25
$33.6M
$-1.2B
Q2 25
$36.0M
$-99.6M
Q1 25
$31.4M
$-219.7M
Q4 24
$102.7M
Q3 24
$33.0M
$111.0M
Q2 24
$29.7M
$55.6M
Gross Margin
APPF
APPF
FUN
FUN
Q1 26
Q4 25
91.4%
Q3 25
91.6%
Q2 25
91.3%
Q1 25
89.3%
Q4 24
Q3 24
91.9%
Q2 24
90.7%
Operating Margin
APPF
APPF
FUN
FUN
Q1 26
19.4%
Q4 25
17.6%
-3.8%
Q3 25
14.1%
-83.7%
Q2 25
17.2%
8.0%
Q1 25
15.5%
-158.9%
Q4 24
11.3%
Q3 24
20.7%
19.5%
Q2 24
18.3%
21.6%
Net Margin
APPF
APPF
FUN
FUN
Q1 26
16.2%
-119.0%
Q4 25
16.1%
-14.2%
Q3 25
13.5%
-90.1%
Q2 25
15.3%
-10.7%
Q1 25
14.4%
-108.7%
Q4 24
50.4%
Q3 24
16.0%
8.2%
Q2 24
15.0%
9.7%
EPS (diluted)
APPF
APPF
FUN
FUN
Q1 26
$1.18
Q4 25
$1.10
$-0.93
Q3 25
$0.93
$-11.77
Q2 25
$0.99
$-0.99
Q1 25
$0.86
$-2.20
Q4 24
$2.79
Q3 24
$0.90
$1.10
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
FUN
FUN
Cash + ST InvestmentsLiquidity on hand
$147.4M
$116.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$470.2M
$279.2M
Total Assets
$580.6M
$7.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APPF
APPF
FUN
FUN
Q1 26
$147.4M
$116.5M
Q4 25
$107.0M
$91.1M
Q3 25
$76.1M
$70.7M
Q2 25
$73.5M
$107.4M
Q1 25
$56.9M
$61.5M
Q4 24
$42.5M
Q3 24
$62.4M
$89.7M
Q2 24
$59.6M
$52.9M
Total Debt
APPF
APPF
FUN
FUN
Q1 26
Q4 25
$5.2B
Q3 25
$5.0B
Q2 25
$5.3B
Q1 25
$5.0B
Q4 24
Q3 24
$4.6B
Q2 24
$2.3B
Stockholders' Equity
APPF
APPF
FUN
FUN
Q1 26
$470.2M
$279.2M
Q4 25
$542.6M
$549.8M
Q3 25
$498.9M
$614.3M
Q2 25
$455.6M
$1.8B
Q1 25
$462.1M
$1.8B
Q4 24
$519.3M
Q3 24
$412.8M
$2.3B
Q2 24
$371.4M
Total Assets
APPF
APPF
FUN
FUN
Q1 26
$580.6M
$7.7B
Q4 25
$689.0M
$7.8B
Q3 25
$640.5M
$7.9B
Q2 25
$567.4M
$9.5B
Q1 25
$564.7M
$9.2B
Q4 24
$626.7M
Q3 24
$523.3M
$9.4B
Q2 24
$479.3M
$2.3B
Debt / Equity
APPF
APPF
FUN
FUN
Q1 26
Q4 25
9.40×
Q3 25
8.16×
Q2 25
2.97×
Q1 25
2.75×
Q4 24
Q3 24
1.95×
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
FUN
FUN
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.

Operating Cash Flow
APPF
APPF
FUN
FUN
Q1 26
$34.3M
Q4 25
$65.0M
$-37.7M
Q3 25
$86.0M
$356.2M
Q2 25
$52.6M
$187.0M
Q1 25
$38.5M
$-178.0M
Q4 24
$36.6M
Q3 24
$57.8M
$337.4M
Q2 24
$50.9M
Free Cash Flow
APPF
APPF
FUN
FUN
Q1 26
Q4 25
$63.7M
$-109.3M
Q3 25
$84.7M
$256.2M
Q2 25
$52.4M
$18.8M
Q1 25
$38.2M
$-318.0M
Q4 24
$36.4M
Q3 24
$57.4M
$227.7M
Q2 24
$50.8M
FCF Margin
APPF
APPF
FUN
FUN
Q1 26
Q4 25
25.7%
-16.8%
Q3 25
34.0%
19.4%
Q2 25
22.2%
2.0%
Q1 25
17.6%
-157.4%
Q4 24
17.9%
Q3 24
27.9%
16.9%
Q2 24
25.8%
Capex Intensity
APPF
APPF
FUN
FUN
Q1 26
Q4 25
0.5%
11.0%
Q3 25
0.5%
7.6%
Q2 25
0.1%
18.1%
Q1 25
0.1%
69.3%
Q4 24
0.1%
Q3 24
0.2%
8.1%
Q2 24
0.0%
Cash Conversion
APPF
APPF
FUN
FUN
Q1 26
0.81×
Q4 25
1.63×
Q3 25
2.56×
Q2 25
1.46×
Q1 25
1.23×
Q4 24
0.36×
Q3 24
1.75×
3.04×
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%

FUN
FUN

In-park admissions revenues$113.4M50%
In-park product revenues$89.0M39%
Out-of-park revenues$28.8M13%

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