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Side-by-side financial comparison of APPFOLIO INC (APPF) and Acushnet Holdings Corp. (GOLF). Click either name above to swap in a different company.
Acushnet Holdings Corp. is the larger business by last-quarter revenue ($477.2M vs $262.2M, roughly 1.8× APPFOLIO INC). APPFOLIO INC runs the higher net margin — 16.2% vs -7.3%, a 23.5% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 7.2%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs -17.9%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
The Acushnet Company is an American company focused on the golf market. The company operates a series of brands that manufacture golf equipment, clothing and accessories.
APPF vs GOLF — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $477.2M |
| Net Profit | $42.4M | $-34.9M |
| Gross Margin | — | 44.1% |
| Operating Margin | 19.4% | -3.8% |
| Net Margin | 16.2% | -7.3% |
| Revenue YoY | 20.4% | 7.2% |
| Net Profit YoY | 35.2% | -3027.3% |
| EPS (diluted) | $1.18 | $-0.57 |
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 | $477.2M | ||
| Q3 25 | $249.4M | $657.7M | ||
| Q2 25 | $235.6M | $720.5M | ||
| Q1 25 | $217.7M | $703.4M | ||
| Q4 24 | $203.7M | $445.2M | ||
| Q3 24 | $205.7M | $620.5M | ||
| Q2 24 | $197.4M | $683.9M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $-34.9M | ||
| Q3 25 | $33.6M | $48.5M | ||
| Q2 25 | $36.0M | $75.6M | ||
| Q1 25 | $31.4M | $99.4M | ||
| Q4 24 | $102.7M | $-1.1M | ||
| Q3 24 | $33.0M | $56.2M | ||
| Q2 24 | $29.7M | $71.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 44.1% | ||
| Q3 25 | — | 48.5% | ||
| Q2 25 | — | 49.2% | ||
| Q1 25 | — | 47.9% | ||
| Q4 24 | — | 22.6% | ||
| Q3 24 | — | 54.4% | ||
| Q2 24 | — | 54.4% |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | -3.8% | ||
| Q3 25 | 14.1% | 14.1% | ||
| Q2 25 | 17.2% | 15.2% | ||
| Q1 25 | 15.5% | 16.3% | ||
| Q4 24 | 11.3% | -1.2% | ||
| Q3 24 | 20.7% | 13.2% | ||
| Q2 24 | 18.3% | 15.5% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | -7.3% | ||
| Q3 25 | 13.5% | 7.4% | ||
| Q2 25 | 15.3% | 10.5% | ||
| Q1 25 | 14.4% | 14.1% | ||
| Q4 24 | 50.4% | -0.3% | ||
| Q3 24 | 16.0% | 9.1% | ||
| Q2 24 | 15.0% | 10.4% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $-0.57 | ||
| Q3 25 | $0.93 | $0.81 | ||
| Q2 25 | $0.99 | $1.25 | ||
| Q1 25 | $0.86 | $1.62 | ||
| Q4 24 | $2.79 | $0.02 | ||
| Q3 24 | $0.90 | $0.89 | ||
| Q2 24 | $0.81 | $1.11 |
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 | — |
| Total DebtLower is stronger | — | $926.2M |
| Stockholders' EquityBook value | $470.2M | $783.6M |
| Total Assets | $580.6M | $2.3B |
| Debt / EquityLower = less leverage | — | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | — | ||
| Q3 25 | $76.1M | — | ||
| Q2 25 | $73.5M | — | ||
| Q1 25 | $56.9M | — | ||
| Q4 24 | $42.5M | — | ||
| Q3 24 | $62.4M | — | ||
| Q2 24 | $59.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $926.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $753.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $783.6M | ||
| Q3 25 | $498.9M | $852.3M | ||
| Q2 25 | $455.6M | $808.5M | ||
| Q1 25 | $462.1M | $780.3M | ||
| Q4 24 | $519.3M | $765.2M | ||
| Q3 24 | $412.8M | $863.9M | ||
| Q2 24 | $371.4M | $863.7M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $2.3B | ||
| Q3 25 | $640.5M | $2.4B | ||
| Q2 25 | $567.4M | $2.4B | ||
| Q1 25 | $564.7M | $2.4B | ||
| Q4 24 | $626.7M | $2.2B | ||
| Q3 24 | $523.3M | $2.3B | ||
| Q2 24 | $479.3M | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.18× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.98× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $34.3M | $-338.0K |
| Free Cash FlowOCF − Capex | — | $-23.3M |
| FCF MarginFCF / Revenue | — | -4.9% |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $120.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $-338.0K | ||
| Q3 25 | $86.0M | $163.1M | ||
| Q2 25 | $52.6M | $151.9M | ||
| Q1 25 | $38.5M | $-120.3M | ||
| Q4 24 | $36.6M | $-1.1M | ||
| Q3 24 | $57.8M | $144.1M | ||
| Q2 24 | $50.9M | $211.6M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $-23.3M | ||
| Q3 25 | $84.7M | $136.9M | ||
| Q2 25 | $52.4M | $138.0M | ||
| Q1 25 | $38.2M | $-131.5M | ||
| Q4 24 | $36.4M | $-33.2M | ||
| Q3 24 | $57.4M | $123.7M | ||
| Q2 24 | $50.8M | $196.8M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | -4.9% | ||
| Q3 25 | 34.0% | 20.8% | ||
| Q2 25 | 22.2% | 19.2% | ||
| Q1 25 | 17.6% | -18.7% | ||
| Q4 24 | 17.9% | -7.5% | ||
| Q3 24 | 27.9% | 19.9% | ||
| Q2 24 | 25.8% | 28.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 4.8% | ||
| Q3 25 | 0.5% | 4.0% | ||
| Q2 25 | 0.1% | 1.9% | ||
| Q1 25 | 0.1% | 1.6% | ||
| Q4 24 | 0.1% | 7.2% | ||
| Q3 24 | 0.2% | 3.3% | ||
| Q2 24 | 0.0% | 2.2% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | 3.36× | ||
| Q2 25 | 1.46× | 2.01× | ||
| Q1 25 | 1.23× | -1.21× | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 1.75× | 2.56× | ||
| Q2 24 | 1.71× | 2.96× |
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% |
GOLF
| Titleist Golf Equipment | $293.8M | 62% |
| Footjoy Golf Wear | $102.0M | 21% |
| Other | $45.3M | 9% |
| Golf Gear | $36.1M | 8% |
