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Side-by-side financial comparison of APPFOLIO INC (APPF) and Loar Holdings Inc. (LOAR). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $131.8M, roughly 2.0× Loar Holdings Inc.). APPFOLIO INC runs the higher net margin — 16.2% vs 9.5%, a 6.7% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 19.3%). Over the past eight quarters, Loar Holdings Inc.'s revenue compounded faster (19.8% CAGR vs 15.3%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
APPF vs LOAR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $131.8M |
| Net Profit | $42.4M | $12.5M |
| Gross Margin | — | 52.1% |
| Operating Margin | 19.4% | 18.0% |
| Net Margin | 16.2% | 9.5% |
| Revenue YoY | 20.4% | 19.3% |
| Net Profit YoY | 35.2% | 239.5% |
| EPS (diluted) | $1.18 | $0.13 |
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 | $131.8M | ||
| Q3 25 | $249.4M | $126.8M | ||
| Q2 25 | $235.6M | $123.1M | ||
| Q1 25 | $217.7M | $114.7M | ||
| Q4 24 | $203.7M | $110.4M | ||
| Q3 24 | $205.7M | $103.5M | ||
| Q2 24 | $197.4M | $97.0M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $12.5M | ||
| Q3 25 | $33.6M | $27.6M | ||
| Q2 25 | $36.0M | $16.7M | ||
| Q1 25 | $31.4M | $15.3M | ||
| Q4 24 | $102.7M | $3.7M | ||
| Q3 24 | $33.0M | $8.7M | ||
| Q2 24 | $29.7M | $7.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 52.1% | ||
| Q3 25 | — | 52.7% | ||
| Q2 25 | — | 53.8% | ||
| Q1 25 | — | 52.1% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 49.0% |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 18.0% | ||
| Q3 25 | 14.1% | 22.9% | ||
| Q2 25 | 17.2% | 22.2% | ||
| Q1 25 | 15.5% | 22.8% | ||
| Q4 24 | 11.3% | 19.2% | ||
| Q3 24 | 20.7% | 22.1% | ||
| Q2 24 | 18.3% | 22.9% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 9.5% | ||
| Q3 25 | 13.5% | 21.8% | ||
| Q2 25 | 15.3% | 13.6% | ||
| Q1 25 | 14.4% | 13.4% | ||
| Q4 24 | 50.4% | 3.3% | ||
| Q3 24 | 16.0% | 8.4% | ||
| Q2 24 | 15.0% | 7.9% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.13 | ||
| Q3 25 | $0.93 | $0.29 | ||
| Q2 25 | $0.99 | $0.17 | ||
| Q1 25 | $0.86 | $0.16 | ||
| Q4 24 | $2.79 | $-11023.48 | ||
| Q3 24 | $0.90 | $0.09 | ||
| Q2 24 | $0.81 | $0.09 |
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 | $84.8M |
| Total DebtLower is stronger | — | $715.7M |
| Stockholders' EquityBook value | $470.2M | $1.2B |
| Total Assets | $580.6M | $2.0B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $84.8M | ||
| Q3 25 | $76.1M | $99.0M | ||
| Q2 25 | $73.5M | $103.3M | ||
| Q1 25 | $56.9M | $80.5M | ||
| Q4 24 | $42.5M | $54.1M | ||
| Q3 24 | $62.4M | $55.2M | ||
| Q2 24 | $59.6M | $73.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $715.7M | ||
| Q3 25 | — | $279.4M | ||
| Q2 25 | — | $277.7M | ||
| Q1 25 | — | $277.5M | ||
| Q4 24 | — | $277.3M | ||
| Q3 24 | — | $602.1M | ||
| Q2 24 | — | $250.7M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $1.2B | ||
| Q3 25 | $498.9M | $1.2B | ||
| Q2 25 | $455.6M | $1.1B | ||
| Q1 25 | $462.1M | $1.1B | ||
| Q4 24 | $519.3M | $1.1B | ||
| Q3 24 | $412.8M | $769.8M | ||
| Q2 24 | $371.4M | $758.4M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $2.0B | ||
| Q3 25 | $640.5M | $1.5B | ||
| Q2 25 | $567.4M | $1.5B | ||
| Q1 25 | $564.7M | $1.5B | ||
| Q4 24 | $626.7M | $1.5B | ||
| Q3 24 | $523.3M | $1.5B | ||
| Q2 24 | $479.3M | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 0.33× |
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 | $30.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.81× | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $30.4M | ||
| Q3 25 | $86.0M | $29.7M | ||
| Q2 25 | $52.6M | $23.8M | ||
| Q1 25 | $38.5M | $28.4M | ||
| Q4 24 | $36.6M | $20.7M | ||
| Q3 24 | $57.8M | $16.3M | ||
| Q2 24 | $50.9M | $7.1M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | — | ||
| Q3 25 | $84.7M | — | ||
| Q2 25 | $52.4M | — | ||
| Q1 25 | $38.2M | — | ||
| Q4 24 | $36.4M | — | ||
| Q3 24 | $57.4M | — | ||
| Q2 24 | $50.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | — | ||
| Q3 25 | 34.0% | — | ||
| Q2 25 | 22.2% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 17.9% | — | ||
| Q3 24 | 27.9% | — | ||
| Q2 24 | 25.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.0% | — |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 2.43× | ||
| Q3 25 | 2.56× | 1.08× | ||
| Q2 25 | 1.46× | 1.42× | ||
| Q1 25 | 1.23× | 1.85× | ||
| Q4 24 | 0.36× | 5.62× | ||
| Q3 24 | 1.75× | 1.89× | ||
| Q2 24 | 1.71× | 0.93× |
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% |
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
