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Side-by-side financial comparison of APPFOLIO INC (APPF) and Hillman Solutions Corp. (HLMN). Click either name above to swap in a different company.
Hillman Solutions Corp. is the larger business by last-quarter revenue ($370.1M vs $262.2M, roughly 1.4× APPFOLIO INC). APPFOLIO INC runs the higher net margin — 16.2% vs -1.3%, a 17.5% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 3.0%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs -1.2%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Hillman Solutions is an American hardware manufacturing, distribution and consumer fabrication services company.
APPF vs HLMN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $370.1M |
| Net Profit | $42.4M | $-4.7M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | 1.9% |
| Net Margin | 16.2% | -1.3% |
| Revenue YoY | 20.4% | 3.0% |
| Net Profit YoY | 35.2% | — |
| EPS (diluted) | $1.18 | $-0.02 |
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 | $370.1M | ||
| Q4 25 | $248.2M | $365.1M | ||
| Q3 25 | $249.4M | $424.9M | ||
| Q2 25 | $235.6M | $402.8M | ||
| Q1 25 | $217.7M | $359.3M | ||
| Q4 24 | $203.7M | $349.6M | ||
| Q3 24 | $205.7M | $393.3M | ||
| Q2 24 | $197.4M | $379.4M |
| Q1 26 | $42.4M | $-4.7M | ||
| Q4 25 | $39.9M | $1.6M | ||
| Q3 25 | $33.6M | $23.2M | ||
| Q2 25 | $36.0M | $15.8M | ||
| Q1 25 | $31.4M | $-317.0K | ||
| Q4 24 | $102.7M | $-1.2M | ||
| Q3 24 | $33.0M | $7.4M | ||
| Q2 24 | $29.7M | $12.5M |
| Q1 26 | 19.4% | 1.9% | ||
| Q4 25 | 17.6% | 4.6% | ||
| Q3 25 | 14.1% | 10.8% | ||
| Q2 25 | 17.2% | 9.0% | ||
| Q1 25 | 15.5% | 4.2% | ||
| Q4 24 | 11.3% | 4.0% | ||
| Q3 24 | 20.7% | 6.8% | ||
| Q2 24 | 18.3% | 8.3% |
| Q1 26 | 16.2% | -1.3% | ||
| Q4 25 | 16.1% | 0.4% | ||
| Q3 25 | 13.5% | 5.5% | ||
| Q2 25 | 15.3% | 3.9% | ||
| Q1 25 | 14.4% | -0.1% | ||
| Q4 24 | 50.4% | -0.3% | ||
| Q3 24 | 16.0% | 1.9% | ||
| Q2 24 | 15.0% | 3.3% |
| Q1 26 | $1.18 | $-0.02 | ||
| Q4 25 | $1.10 | $0.00 | ||
| Q3 25 | $0.93 | $0.12 | ||
| Q2 25 | $0.99 | $0.08 | ||
| Q1 25 | $0.86 | $0.00 | ||
| Q4 24 | $2.79 | $-0.00 | ||
| Q3 24 | $0.90 | $0.04 | ||
| Q2 24 | $0.81 | $0.06 |
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 | $27.7M |
| Total DebtLower is stronger | — | $714.1M |
| Stockholders' EquityBook value | $470.2M | $1.2B |
| Total Assets | $580.6M | $2.4B |
| Debt / EquityLower = less leverage | — | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | $27.7M | ||
| Q4 25 | $107.0M | $27.3M | ||
| Q3 25 | $76.1M | $37.7M | ||
| Q2 25 | $73.5M | $34.2M | ||
| Q1 25 | $56.9M | $36.3M | ||
| Q4 24 | $42.5M | $44.5M | ||
| Q3 24 | $62.4M | $59.8M | ||
| Q2 24 | $59.6M | $54.0M |
| Q1 26 | — | $714.1M | ||
| Q4 25 | — | $668.3M | ||
| Q3 25 | — | $683.2M | ||
| Q2 25 | — | $683.1M | ||
| Q1 25 | — | $713.5M | ||
| Q4 24 | — | $691.7M | ||
| Q3 24 | — | $730.7M | ||
| Q2 24 | — | $732.1M |
| Q1 26 | $470.2M | $1.2B | ||
| Q4 25 | $542.6M | $1.2B | ||
| Q3 25 | $498.9M | $1.2B | ||
| Q2 25 | $455.6M | $1.2B | ||
| Q1 25 | $462.1M | $1.2B | ||
| Q4 24 | $519.3M | $1.2B | ||
| Q3 24 | $412.8M | $1.2B | ||
| Q2 24 | $371.4M | $1.2B |
| Q1 26 | $580.6M | $2.4B | ||
| Q4 25 | $689.0M | $2.4B | ||
| Q3 25 | $640.5M | $2.4B | ||
| Q2 25 | $567.4M | $2.4B | ||
| Q1 25 | $564.7M | $2.3B | ||
| Q4 24 | $626.7M | $2.3B | ||
| Q3 24 | $523.3M | $2.4B | ||
| Q2 24 | $479.3M | $2.4B |
| Q1 26 | — | 0.59× | ||
| Q4 25 | — | 0.54× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.62× | ||
| Q2 24 | — | 0.62× |
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 | — | $-34.3M |
| FCF MarginFCF / Revenue | — | -9.3% |
| Capex IntensityCapex / Revenue | — | 4.0% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $22.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $30.9M | ||
| Q3 25 | $86.0M | $26.2M | ||
| Q2 25 | $52.6M | $48.7M | ||
| Q1 25 | $38.5M | $-655.0K | ||
| Q4 24 | $36.6M | $43.1M | ||
| Q3 24 | $57.8M | $63.7M | ||
| Q2 24 | $50.9M | $64.8M |
| Q1 26 | — | $-34.3M | ||
| Q4 25 | $63.7M | $16.1M | ||
| Q3 25 | $84.7M | $9.1M | ||
| Q2 25 | $52.4M | $31.2M | ||
| Q1 25 | $38.2M | $-21.3M | ||
| Q4 24 | $36.4M | $22.1M | ||
| Q3 24 | $57.4M | $39.6M | ||
| Q2 24 | $50.8M | $42.5M |
| Q1 26 | — | -9.3% | ||
| Q4 25 | 25.7% | 4.4% | ||
| Q3 25 | 34.0% | 2.1% | ||
| Q2 25 | 22.2% | 7.7% | ||
| Q1 25 | 17.6% | -5.9% | ||
| Q4 24 | 17.9% | 6.3% | ||
| Q3 24 | 27.9% | 10.1% | ||
| Q2 24 | 25.8% | 11.2% |
| Q1 26 | — | 4.0% | ||
| Q4 25 | 0.5% | 4.0% | ||
| Q3 25 | 0.5% | 4.0% | ||
| Q2 25 | 0.1% | 4.3% | ||
| Q1 25 | 0.1% | 5.7% | ||
| Q4 24 | 0.1% | 6.0% | ||
| Q3 24 | 0.2% | 6.1% | ||
| Q2 24 | 0.0% | 5.9% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 19.33× | ||
| Q3 25 | 2.56× | 1.13× | ||
| Q2 25 | 1.46× | 3.08× | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 1.75× | 8.57× | ||
| Q2 24 | 1.71× | 5.17× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APPF
| Value Added Services | $164.7M | 63% |
| Subscription Services | $58.2M | 22% |
| Other | $39.3M | 15% |
HLMN
Segment breakdown not available.
