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Side-by-side financial comparison of APPFOLIO INC (APPF) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $159.9M, roughly 1.6× INSTEEL INDUSTRIES INC). APPFOLIO INC runs the higher net margin — 16.2% vs 4.7%, a 11.4% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 20.4%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 12.0%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.
APPF vs IIIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $159.9M |
| Net Profit | $42.4M | $7.6M |
| Gross Margin | — | 11.3% |
| Operating Margin | 19.4% | 6.0% |
| Net Margin | 16.2% | 4.7% |
| Revenue YoY | 20.4% | 23.3% |
| Net Profit YoY | 35.2% | 602.4% |
| EPS (diluted) | $1.18 | $0.39 |
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 | $159.9M | ||
| Q3 25 | $249.4M | $177.4M | ||
| Q2 25 | $235.6M | $179.9M | ||
| Q1 25 | $217.7M | $160.7M | ||
| Q4 24 | $203.7M | $129.7M | ||
| Q3 24 | $205.7M | $134.3M | ||
| Q2 24 | $197.4M | $145.8M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $7.6M | ||
| Q3 25 | $33.6M | $14.6M | ||
| Q2 25 | $36.0M | $15.2M | ||
| Q1 25 | $31.4M | $10.2M | ||
| Q4 24 | $102.7M | $1.1M | ||
| Q3 24 | $33.0M | $4.7M | ||
| Q2 24 | $29.7M | $6.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | 15.3% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 10.6% |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 6.0% | ||
| Q3 25 | 14.1% | 10.8% | ||
| Q2 25 | 17.2% | 11.0% | ||
| Q1 25 | 15.5% | 8.3% | ||
| Q4 24 | 11.3% | 1.1% | ||
| Q3 24 | 20.7% | 4.5% | ||
| Q2 24 | 18.3% | 6.0% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 4.7% | ||
| Q3 25 | 13.5% | 8.2% | ||
| Q2 25 | 15.3% | 8.4% | ||
| Q1 25 | 14.4% | 6.4% | ||
| Q4 24 | 50.4% | 0.8% | ||
| Q3 24 | 16.0% | 3.5% | ||
| Q2 24 | 15.0% | 4.5% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.39 | ||
| Q3 25 | $0.93 | $0.74 | ||
| Q2 25 | $0.99 | $0.78 | ||
| Q1 25 | $0.86 | $0.52 | ||
| Q4 24 | $2.79 | $0.06 | ||
| Q3 24 | $0.90 | $0.24 | ||
| Q2 24 | $0.81 | $0.34 |
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 | $15.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $358.8M |
| Total Assets | $580.6M | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $15.6M | ||
| Q3 25 | $76.1M | $38.6M | ||
| Q2 25 | $73.5M | $53.7M | ||
| Q1 25 | $56.9M | $28.4M | ||
| Q4 24 | $42.5M | $36.0M | ||
| Q3 24 | $62.4M | $111.5M | ||
| Q2 24 | $59.6M | $97.7M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $358.8M | ||
| Q3 25 | $498.9M | $371.5M | ||
| Q2 25 | $455.6M | $356.2M | ||
| Q1 25 | $462.1M | $341.4M | ||
| Q4 24 | $519.3M | $331.6M | ||
| Q3 24 | $412.8M | $350.9M | ||
| Q2 24 | $371.4M | $346.0M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $456.1M | ||
| Q3 25 | $640.5M | $462.6M | ||
| Q2 25 | $567.4M | $471.9M | ||
| Q1 25 | $564.7M | $421.9M | ||
| Q4 24 | $626.7M | $404.7M | ||
| Q3 24 | $523.3M | $422.6M | ||
| Q2 24 | $479.3M | $414.6M |
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 | $-701.0K |
| Free Cash FlowOCF − Capex | — | $-2.2M |
| FCF MarginFCF / Revenue | — | -1.4% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 0.81× | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | — | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $-701.0K | ||
| Q3 25 | $86.0M | $-17.0M | ||
| Q2 25 | $52.6M | $28.5M | ||
| Q1 25 | $38.5M | $-3.3M | ||
| Q4 24 | $36.6M | $19.0M | ||
| Q3 24 | $57.8M | $16.2M | ||
| Q2 24 | $50.9M | $18.8M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $-2.2M | ||
| Q3 25 | $84.7M | $-18.7M | ||
| Q2 25 | $52.4M | $26.9M | ||
| Q1 25 | $38.2M | $-5.5M | ||
| Q4 24 | $36.4M | $16.3M | ||
| Q3 24 | $57.4M | $14.5M | ||
| Q2 24 | $50.8M | $15.5M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | -1.4% | ||
| Q3 25 | 34.0% | -10.6% | ||
| Q2 25 | 22.2% | 15.0% | ||
| Q1 25 | 17.6% | -3.5% | ||
| Q4 24 | 17.9% | 12.6% | ||
| Q3 24 | 27.9% | 10.8% | ||
| Q2 24 | 25.8% | 10.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.9% | ||
| Q3 25 | 0.5% | 1.0% | ||
| Q2 25 | 0.1% | 0.9% | ||
| Q1 25 | 0.1% | 1.4% | ||
| Q4 24 | 0.1% | 2.1% | ||
| Q3 24 | 0.2% | 1.3% | ||
| Q2 24 | 0.0% | 2.2% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | -0.09× | ||
| Q3 25 | 2.56× | -1.17× | ||
| Q2 25 | 1.46× | 1.88× | ||
| Q1 25 | 1.23× | -0.32× | ||
| Q4 24 | 0.36× | 17.56× | ||
| Q3 24 | 1.75× | 3.48× | ||
| 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% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
