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Side-by-side financial comparison of APPFOLIO INC (APPF) and IDEX Corporation (IEX). Click either name above to swap in a different company.
IDEX Corporation is the larger business by last-quarter revenue ($398.4M vs $262.2M, roughly 1.5× APPFOLIO INC). IDEX Corporation runs the higher net margin — 30.1% vs 16.2%, a 13.9% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 16.7%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs -29.4%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.
APPF vs IEX — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $398.4M |
| Net Profit | $42.4M | $120.0M |
| Gross Margin | — | 99.9% |
| Operating Margin | 19.4% | 43.3% |
| Net Margin | 16.2% | 30.1% |
| Revenue YoY | 20.4% | 16.7% |
| Net Profit YoY | 35.2% | 25.7% |
| EPS (diluted) | $1.18 | $1.61 |
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.
| Q2 26 | — | $398.4M | ||
| Q1 26 | $262.2M | $407.7M | ||
| Q4 25 | $248.2M | $899.1M | ||
| Q3 25 | $249.4M | $878.7M | ||
| Q2 25 | $235.6M | $865.4M | ||
| Q1 25 | $217.7M | $814.3M | ||
| Q4 24 | $203.7M | $862.9M | ||
| Q3 24 | $205.7M | $798.2M |
| Q2 26 | — | $120.0M | ||
| Q1 26 | $42.4M | $128.3M | ||
| Q4 25 | $39.9M | $128.3M | ||
| Q3 25 | $33.6M | $127.8M | ||
| Q2 25 | $36.0M | $131.6M | ||
| Q1 25 | $31.4M | $95.5M | ||
| Q4 24 | $102.7M | $123.2M | ||
| Q3 24 | $33.0M | $119.1M |
| Q2 26 | — | 99.9% | ||
| Q1 26 | — | 94.9% | ||
| Q4 25 | — | 43.1% | ||
| Q3 25 | — | 44.5% | ||
| Q2 25 | — | 45.3% | ||
| Q1 25 | — | 45.3% | ||
| Q4 24 | — | 42.5% | ||
| Q3 24 | — | 44.3% |
| Q2 26 | — | 43.3% | ||
| Q1 26 | 19.4% | 45.0% | ||
| Q4 25 | 17.6% | 20.4% | ||
| Q3 25 | 14.1% | 21.1% | ||
| Q2 25 | 17.2% | 21.7% | ||
| Q1 25 | 15.5% | 17.4% | ||
| Q4 24 | 11.3% | 19.2% | ||
| Q3 24 | 20.7% | 21.0% |
| Q2 26 | — | 30.1% | ||
| Q1 26 | 16.2% | 31.5% | ||
| Q4 25 | 16.1% | 14.3% | ||
| Q3 25 | 13.5% | 14.5% | ||
| Q2 25 | 15.3% | 15.2% | ||
| Q1 25 | 14.4% | 11.7% | ||
| Q4 24 | 50.4% | 14.3% | ||
| Q3 24 | 16.0% | 14.9% |
| Q2 26 | — | $1.61 | ||
| Q1 26 | $1.18 | $1.71 | ||
| Q4 25 | $1.10 | $1.71 | ||
| Q3 25 | $0.93 | $1.70 | ||
| Q2 25 | $0.99 | $1.74 | ||
| Q1 25 | $0.86 | $1.26 | ||
| Q4 24 | $2.79 | $1.61 | ||
| Q3 24 | $0.90 | $1.57 |
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 | $586.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $4.0B |
| Total Assets | $580.6M | $6.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $586.2M | ||
| Q1 26 | $147.4M | $580.0M | ||
| Q4 25 | $107.0M | $580.0M | ||
| Q3 25 | $76.1M | $593.8M | ||
| Q2 25 | $73.5M | $568.2M | ||
| Q1 25 | $56.9M | $594.1M | ||
| Q4 24 | $42.5M | $620.8M | ||
| Q3 24 | $62.4M | $633.2M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B |
| Q2 26 | — | $4.0B | ||
| Q1 26 | $470.2M | $4.0B | ||
| Q4 25 | $542.6M | $4.0B | ||
| Q3 25 | $498.9M | $4.0B | ||
| Q2 25 | $455.6M | $4.0B | ||
| Q1 25 | $462.1M | $3.9B | ||
| Q4 24 | $519.3M | $3.8B | ||
| Q3 24 | $412.8M | $3.8B |
| Q2 26 | — | $6.9B | ||
| Q1 26 | $580.6M | $6.9B | ||
| Q4 25 | $689.0M | $6.9B | ||
| Q3 25 | $640.5M | $7.0B | ||
| Q2 25 | $567.4M | $6.9B | ||
| Q1 25 | $564.7M | $6.8B | ||
| Q4 24 | $626.7M | $6.7B | ||
| Q3 24 | $523.3M | $7.0B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.55× |
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 | — | $86.0M |
| FCF MarginFCF / Revenue | — | 21.6% |
| Capex IntensityCapex / Revenue | — | 4.4% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $654.3M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $209.5M | ||
| Q3 25 | $86.0M | $203.5M | ||
| Q2 25 | $52.6M | $161.7M | ||
| Q1 25 | $38.5M | $105.7M | ||
| Q4 24 | $36.6M | $172.6M | ||
| Q3 24 | $57.8M | $205.3M |
| Q2 26 | — | $86.0M | ||
| Q1 26 | — | $189.8M | ||
| Q4 25 | $63.7M | $189.8M | ||
| Q3 25 | $84.7M | $188.7M | ||
| Q2 25 | $52.4M | $146.9M | ||
| Q1 25 | $38.2M | $91.4M | ||
| Q4 24 | $36.4M | $157.1M | ||
| Q3 24 | $57.4M | $191.6M |
| Q2 26 | — | 21.6% | ||
| Q1 26 | — | 46.6% | ||
| Q4 25 | 25.7% | 21.1% | ||
| Q3 25 | 34.0% | 21.5% | ||
| Q2 25 | 22.2% | 17.0% | ||
| Q1 25 | 17.6% | 11.2% | ||
| Q4 24 | 17.9% | 18.2% | ||
| Q3 24 | 27.9% | 24.0% |
| Q2 26 | — | 4.4% | ||
| Q1 26 | — | 15.6% | ||
| Q4 25 | 0.5% | 2.2% | ||
| Q3 25 | 0.5% | 1.7% | ||
| Q2 25 | 0.1% | 1.7% | ||
| Q1 25 | 0.1% | 1.8% | ||
| Q4 24 | 0.1% | 1.8% | ||
| Q3 24 | 0.2% | 1.7% |
| Q2 26 | — | — | ||
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 1.63× | ||
| Q3 25 | 2.56× | 1.59× | ||
| Q2 25 | 1.46× | 1.23× | ||
| Q1 25 | 1.23× | 1.11× | ||
| Q4 24 | 0.36× | 1.40× | ||
| Q3 24 | 1.75× | 1.72× |
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% |
IEX
Segment breakdown not available.
