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Side-by-side financial comparison of APPFOLIO INC (APPF) and Metallus Inc. (MTUS). Click either name above to swap in a different company.
Metallus Inc. is the larger business by last-quarter revenue ($267.3M vs $262.2M, roughly 1.0× APPFOLIO INC). APPFOLIO INC runs the higher net margin — 16.2% vs -5.3%, a 21.5% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 11.1%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs -8.8%).
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 MTUS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $267.3M |
| Net Profit | $42.4M | $-14.3M |
| Gross Margin | — | 2.2% |
| Operating Margin | 19.4% | -7.7% |
| Net Margin | 16.2% | -5.3% |
| Revenue YoY | 20.4% | 11.1% |
| Net Profit YoY | 35.2% | 33.2% |
| EPS (diluted) | $1.18 | $-0.34 |
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 | $267.3M | ||
| Q3 25 | $249.4M | $305.9M | ||
| Q2 25 | $235.6M | $304.6M | ||
| Q1 25 | $217.7M | $280.5M | ||
| Q4 24 | $203.7M | $240.5M | ||
| Q3 24 | $205.7M | $227.2M | ||
| Q2 24 | $197.4M | $294.7M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $-14.3M | ||
| Q3 25 | $33.6M | $8.1M | ||
| Q2 25 | $36.0M | $3.7M | ||
| Q1 25 | $31.4M | $1.3M | ||
| Q4 24 | $102.7M | $-21.4M | ||
| Q3 24 | $33.0M | $-5.9M | ||
| Q2 24 | $29.7M | $4.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | — | 10.6% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 8.2% |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | -7.7% | ||
| Q3 25 | 14.1% | 3.6% | ||
| Q2 25 | 17.2% | 2.8% | ||
| Q1 25 | 15.5% | 1.0% | ||
| Q4 24 | 11.3% | -10.1% | ||
| Q3 24 | 20.7% | -3.1% | ||
| Q2 24 | 18.3% | 2.1% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | -5.3% | ||
| Q3 25 | 13.5% | 2.6% | ||
| Q2 25 | 15.3% | 1.2% | ||
| Q1 25 | 14.4% | 0.5% | ||
| Q4 24 | 50.4% | -8.9% | ||
| Q3 24 | 16.0% | -2.6% | ||
| Q2 24 | 15.0% | 1.6% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $-0.34 | ||
| Q3 25 | $0.93 | $0.19 | ||
| Q2 25 | $0.99 | $0.09 | ||
| Q1 25 | $0.86 | $0.03 | ||
| Q4 24 | $2.79 | $-0.46 | ||
| Q3 24 | $0.90 | $-0.13 | ||
| Q2 24 | $0.81 | $0.10 |
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 | $156.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $686.0M |
| Total Assets | $580.6M | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $156.7M | ||
| Q3 25 | $76.1M | $191.5M | ||
| Q2 25 | $73.5M | $190.8M | ||
| Q1 25 | $56.9M | $180.3M | ||
| Q4 24 | $42.5M | $240.7M | ||
| Q3 24 | $62.4M | $254.6M | ||
| Q2 24 | $59.6M | $272.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $5.4M | ||
| Q3 24 | — | $13.2M | ||
| Q2 24 | — | $13.2M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $686.0M | ||
| Q3 25 | $498.9M | $697.7M | ||
| Q2 25 | $455.6M | $690.0M | ||
| Q1 25 | $462.1M | $686.1M | ||
| Q4 24 | $519.3M | $690.5M | ||
| Q3 24 | $412.8M | $712.7M | ||
| Q2 24 | $371.4M | $736.3M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $1.1B | ||
| Q3 25 | $640.5M | $1.2B | ||
| Q2 25 | $567.4M | $1.1B | ||
| Q1 25 | $564.7M | $1.1B | ||
| Q4 24 | $626.7M | $1.1B | ||
| Q3 24 | $523.3M | $1.1B | ||
| Q2 24 | $479.3M | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.02× |
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 | $-1.9M |
| Free Cash FlowOCF − Capex | — | $-37.2M |
| FCF MarginFCF / Revenue | — | -13.9% |
| Capex IntensityCapex / Revenue | — | 13.2% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $-1.9M | ||
| Q3 25 | $86.0M | $22.0M | ||
| Q2 25 | $52.6M | $34.8M | ||
| Q1 25 | $38.5M | $-38.9M | ||
| Q4 24 | $36.6M | $13.9M | ||
| Q3 24 | $57.8M | $-15.3M | ||
| Q2 24 | $50.9M | $8.3M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $-37.2M | ||
| Q3 25 | $84.7M | $-6.4M | ||
| Q2 25 | $52.4M | $17.0M | ||
| Q1 25 | $38.2M | $-66.4M | ||
| Q4 24 | $36.4M | $-1.3M | ||
| Q3 24 | $57.4M | $-32.9M | ||
| Q2 24 | $50.8M | $-5.8M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | -13.9% | ||
| Q3 25 | 34.0% | -2.1% | ||
| Q2 25 | 22.2% | 5.6% | ||
| Q1 25 | 17.6% | -23.7% | ||
| Q4 24 | 17.9% | -0.5% | ||
| Q3 24 | 27.9% | -14.5% | ||
| Q2 24 | 25.8% | -2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 13.2% | ||
| Q3 25 | 0.5% | 9.3% | ||
| Q2 25 | 0.1% | 5.8% | ||
| Q1 25 | 0.1% | 9.8% | ||
| Q4 24 | 0.1% | 6.3% | ||
| Q3 24 | 0.2% | 7.7% | ||
| Q2 24 | 0.0% | 4.8% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | 2.72× | ||
| Q2 25 | 1.46× | 9.41× | ||
| Q1 25 | 1.23× | -29.92× | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 1.75× | — | ||
| Q2 24 | 1.71× | 1.80× |
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% |
MTUS
| Industrial Market Sector | $95.3M | 36% |
| Manufactured Components | $67.8M | 25% |
| Aerospace And Defense | $39.6M | 15% |
| Seamless Mechanical Tubing | $31.3M | 12% |
| Energy Market Sector | $18.3M | 7% |
| Other | $11.3M | 4% |
| Other Market Sector | $3.7M | 1% |
