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Side-by-side financial comparison of APPFOLIO INC (APPF) and Huron Consulting Group Inc. (HURN). Click either name above to swap in a different company.
Huron Consulting Group Inc. is the larger business by last-quarter revenue ($442.0M vs $262.2M, roughly 1.7× APPFOLIO INC). APPFOLIO INC runs the higher net margin — 16.2% vs 6.9%, a 9.2% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 10.7%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 10.3%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Huron Consulting Group, commonly known as Huron, is a management consulting firm offering services to the healthcare, life sciences, commercial, and higher education industries.
APPF vs HURN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $442.0M |
| Net Profit | $42.4M | $30.7M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | 11.4% |
| Net Margin | 16.2% | 6.9% |
| Revenue YoY | 20.4% | 10.7% |
| Net Profit YoY | 35.2% | -9.8% |
| EPS (diluted) | $1.18 | $1.71 |
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.
| Q1 26 | $262.2M | — | ||
| Q4 25 | $248.2M | $442.0M | ||
| Q3 25 | $249.4M | $441.3M | ||
| Q2 25 | $235.6M | $411.8M | ||
| Q1 25 | $217.7M | $404.1M | ||
| Q4 24 | $203.7M | $399.3M | ||
| Q3 24 | $205.7M | $378.1M | ||
| Q2 24 | $197.4M | $381.0M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $30.7M | ||
| Q3 25 | $33.6M | $30.4M | ||
| Q2 25 | $36.0M | $19.4M | ||
| Q1 25 | $31.4M | $24.5M | ||
| Q4 24 | $102.7M | $34.0M | ||
| Q3 24 | $33.0M | $27.1M | ||
| Q2 24 | $29.7M | $37.5M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 11.4% | ||
| Q3 25 | 14.1% | 11.3% | ||
| Q2 25 | 17.2% | 11.1% | ||
| Q1 25 | 15.5% | 8.1% | ||
| Q4 24 | 11.3% | 11.8% | ||
| Q3 24 | 20.7% | 11.2% | ||
| Q2 24 | 18.3% | 15.6% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 6.9% | ||
| Q3 25 | 13.5% | 6.9% | ||
| Q2 25 | 15.3% | 4.7% | ||
| Q1 25 | 14.4% | 6.1% | ||
| Q4 24 | 50.4% | 8.5% | ||
| Q3 24 | 16.0% | 7.2% | ||
| Q2 24 | 15.0% | 9.8% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $1.71 | ||
| Q3 25 | $0.93 | $1.71 | ||
| Q2 25 | $0.99 | $1.09 | ||
| Q1 25 | $0.86 | $1.33 | ||
| Q4 24 | $2.79 | $1.82 | ||
| Q3 24 | $0.90 | $1.47 | ||
| Q2 24 | $0.81 | $2.03 |
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 | $24.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $528.6M |
| Total Assets | $580.6M | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $24.5M | ||
| Q3 25 | $76.1M | $23.9M | ||
| Q2 25 | $73.5M | $61.0M | ||
| Q1 25 | $56.9M | $23.4M | ||
| Q4 24 | $42.5M | $21.9M | ||
| Q3 24 | $62.4M | $18.5M | ||
| Q2 24 | $59.6M | $17.6M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $528.6M | ||
| Q3 25 | $498.9M | $499.8M | ||
| Q2 25 | $455.6M | $475.0M | ||
| Q1 25 | $462.1M | $494.3M | ||
| Q4 24 | $519.3M | $561.3M | ||
| Q3 24 | $412.8M | $522.8M | ||
| Q2 24 | $371.4M | $500.6M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $1.5B | ||
| Q3 25 | $640.5M | $1.5B | ||
| Q2 25 | $567.4M | $1.5B | ||
| Q1 25 | $564.7M | $1.4B | ||
| Q4 24 | $626.7M | $1.3B | ||
| Q3 24 | $523.3M | $1.3B | ||
| Q2 24 | $479.3M | $1.3B |
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 | $126.4M |
| Free Cash FlowOCF − Capex | — | $123.8M |
| FCF MarginFCF / Revenue | — | 28.0% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | 0.81× | 4.12× |
| TTM Free Cash FlowTrailing 4 quarters | — | $183.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $126.4M | ||
| Q3 25 | $86.0M | $93.8M | ||
| Q2 25 | $52.6M | $80.0M | ||
| Q1 25 | $38.5M | $-106.8M | ||
| Q4 24 | $36.6M | $139.6M | ||
| Q3 24 | $57.8M | $85.2M | ||
| Q2 24 | $50.9M | $107.2M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $123.8M | ||
| Q3 25 | $84.7M | $89.8M | ||
| Q2 25 | $52.4M | $78.0M | ||
| Q1 25 | $38.2M | $-108.7M | ||
| Q4 24 | $36.4M | $137.0M | ||
| Q3 24 | $57.4M | $82.8M | ||
| Q2 24 | $50.8M | $104.7M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 28.0% | ||
| Q3 25 | 34.0% | 20.3% | ||
| Q2 25 | 22.2% | 18.9% | ||
| Q1 25 | 17.6% | -26.9% | ||
| Q4 24 | 17.9% | 34.3% | ||
| Q3 24 | 27.9% | 21.9% | ||
| Q2 24 | 25.8% | 27.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.6% | ||
| Q3 25 | 0.5% | 0.9% | ||
| Q2 25 | 0.1% | 0.5% | ||
| Q1 25 | 0.1% | 0.5% | ||
| Q4 24 | 0.1% | 0.7% | ||
| Q3 24 | 0.2% | 0.6% | ||
| Q2 24 | 0.0% | 0.6% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 4.12× | ||
| Q3 25 | 2.56× | 3.08× | ||
| Q2 25 | 1.46× | 4.12× | ||
| Q1 25 | 1.23× | -4.35× | ||
| Q4 24 | 0.36× | 4.11× | ||
| Q3 24 | 1.75× | 3.14× | ||
| Q2 24 | 1.71× | 2.86× |
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% |
HURN
| Consulting And Managed Services Capability | $172.9M | 39% |
| Education | $118.7M | 27% |
| Commercial | $91.9M | 21% |
| Digital Capability | $54.6M | 12% |
