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Side-by-side financial comparison of APPFOLIO INC (APPF) and MGIC INVESTMENT CORP (MTG). Click either name above to swap in a different company.
MGIC INVESTMENT CORP is the larger business by last-quarter revenue ($297.1M vs $262.2M, roughly 1.1× APPFOLIO INC). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs 16.2%, a 39.5% 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 -1.4%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
MGIC Investment Corporation NYSE: MTG ("MGIC") is a provider of private mortgage insurance in the United States. The company is headquartered in Milwaukee, Wisconsin.
APPF vs MTG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $297.1M |
| Net Profit | $42.4M | $165.3M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | — |
| Net Margin | 16.2% | 55.6% |
| Revenue YoY | 20.4% | -3.0% |
| Net Profit YoY | 35.2% | -10.9% |
| EPS (diluted) | $1.18 | $0.76 |
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 | $297.1M | ||
| Q4 25 | $248.2M | $298.7M | ||
| Q3 25 | $249.4M | $304.5M | ||
| Q2 25 | $235.6M | $304.2M | ||
| Q1 25 | $217.7M | $306.2M | ||
| Q4 24 | $203.7M | $301.4M | ||
| Q3 24 | $205.7M | $306.6M | ||
| Q2 24 | $197.4M | $305.3M |
| Q1 26 | $42.4M | $165.3M | ||
| Q4 25 | $39.9M | $169.3M | ||
| Q3 25 | $33.6M | $191.1M | ||
| Q2 25 | $36.0M | $192.5M | ||
| Q1 25 | $31.4M | $185.5M | ||
| Q4 24 | $102.7M | $184.7M | ||
| Q3 24 | $33.0M | $200.0M | ||
| Q2 24 | $29.7M | $204.2M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 71.2% | ||
| Q3 25 | 14.1% | 77.2% | ||
| Q2 25 | 17.2% | 80.9% | ||
| Q1 25 | 15.5% | 76.6% | ||
| Q4 24 | 11.3% | 77.9% | ||
| Q3 24 | 20.7% | 82.9% | ||
| Q2 24 | 18.3% | 85.1% |
| Q1 26 | 16.2% | 55.6% | ||
| Q4 25 | 16.1% | 56.7% | ||
| Q3 25 | 13.5% | 62.8% | ||
| Q2 25 | 15.3% | 63.3% | ||
| Q1 25 | 14.4% | 60.6% | ||
| Q4 24 | 50.4% | 61.3% | ||
| Q3 24 | 16.0% | 65.2% | ||
| Q2 24 | 15.0% | 66.9% |
| Q1 26 | $1.18 | $0.76 | ||
| Q4 25 | $1.10 | $0.75 | ||
| Q3 25 | $0.93 | $0.83 | ||
| Q2 25 | $0.99 | $0.81 | ||
| Q1 25 | $0.86 | $0.75 | ||
| Q4 24 | $2.79 | $0.71 | ||
| Q3 24 | $0.90 | $0.77 | ||
| Q2 24 | $0.81 | $0.77 |
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 | $235.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $5.0B |
| Total Assets | $580.6M | $6.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | $235.1M | ||
| Q4 25 | $107.0M | $369.0M | ||
| Q3 25 | $76.1M | $266.9M | ||
| Q2 25 | $73.5M | $294.9M | ||
| Q1 25 | $56.9M | $207.0M | ||
| Q4 24 | $42.5M | $229.5M | ||
| Q3 24 | $62.4M | $288.6M | ||
| Q2 24 | $59.6M | $281.8M |
| Q1 26 | $470.2M | $5.0B | ||
| Q4 25 | $542.6M | $5.1B | ||
| Q3 25 | $498.9M | $5.2B | ||
| Q2 25 | $455.6M | $5.2B | ||
| Q1 25 | $462.1M | $5.1B | ||
| Q4 24 | $519.3M | $5.2B | ||
| Q3 24 | $412.8M | $5.3B | ||
| Q2 24 | $371.4M | $5.1B |
| Q1 26 | $580.6M | $6.4B | ||
| Q4 25 | $689.0M | $6.6B | ||
| Q3 25 | $640.5M | $6.6B | ||
| Q2 25 | $567.4M | $6.5B | ||
| Q1 25 | $564.7M | $6.5B | ||
| Q4 24 | $626.7M | $6.5B | ||
| Q3 24 | $523.3M | $6.7B | ||
| Q2 24 | $479.3M | $6.5B |
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 | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $230.8M | ||
| Q3 25 | $86.0M | $215.4M | ||
| Q2 25 | $52.6M | $183.0M | ||
| Q1 25 | $38.5M | $223.7M | ||
| Q4 24 | $36.6M | $182.4M | ||
| Q3 24 | $57.8M | $182.9M | ||
| Q2 24 | $50.9M | $169.2M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $230.2M | ||
| Q3 25 | $84.7M | $215.1M | ||
| Q2 25 | $52.4M | $183.0M | ||
| Q1 25 | $38.2M | $223.5M | ||
| Q4 24 | $36.4M | $181.9M | ||
| Q3 24 | $57.4M | $182.5M | ||
| Q2 24 | $50.8M | $169.0M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 77.1% | ||
| Q3 25 | 34.0% | 70.6% | ||
| Q2 25 | 22.2% | 60.1% | ||
| Q1 25 | 17.6% | 73.0% | ||
| Q4 24 | 17.9% | 60.3% | ||
| Q3 24 | 27.9% | 59.5% | ||
| Q2 24 | 25.8% | 55.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.2% | ||
| Q3 25 | 0.5% | 0.1% | ||
| Q2 25 | 0.1% | 0.0% | ||
| Q1 25 | 0.1% | 0.0% | ||
| Q4 24 | 0.1% | 0.2% | ||
| Q3 24 | 0.2% | 0.1% | ||
| Q2 24 | 0.0% | 0.1% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 1.36× | ||
| Q3 25 | 2.56× | 1.13× | ||
| Q2 25 | 1.46× | 0.95× | ||
| Q1 25 | 1.23× | 1.21× | ||
| Q4 24 | 0.36× | 0.99× | ||
| Q3 24 | 1.75× | 0.91× | ||
| Q2 24 | 1.71× | 0.83× |
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% |
MTG
Segment breakdown not available.
