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Side-by-side financial comparison of APPFOLIO INC (APPF) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
New Fortress Energy Inc. is the larger business by last-quarter revenue ($326.2M vs $262.2M, roughly 1.2× APPFOLIO INC). APPFOLIO INC runs the higher net margin — 16.2% vs -259.7%, a 275.8% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs -7.0%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs -26.8%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
APPF vs NFE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $326.2M |
| Net Profit | $42.4M | $-847.1M |
| Gross Margin | — | 35.5% |
| Operating Margin | 19.4% | -193.0% |
| Net Margin | 16.2% | -259.7% |
| Revenue YoY | 20.4% | -7.0% |
| Net Profit YoY | 35.2% | -277.4% |
| EPS (diluted) | $1.18 | $-3.03 |
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 | $326.2M | ||
| Q3 25 | $249.4M | $240.3M | ||
| Q2 25 | $235.6M | $228.1M | ||
| Q1 25 | $217.7M | $384.9M | ||
| Q4 24 | $203.7M | $350.7M | ||
| Q3 24 | $205.7M | $446.0M | ||
| Q2 24 | $197.4M | $291.2M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $-847.1M | ||
| Q3 25 | $33.6M | $-263.0M | ||
| Q2 25 | $36.0M | $-546.5M | ||
| Q1 25 | $31.4M | $-175.4M | ||
| Q4 24 | $102.7M | $-224.4M | ||
| Q3 24 | $33.0M | $9.3M | ||
| Q2 24 | $29.7M | $-88.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.5% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 23.8% |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | -193.0% | ||
| Q3 25 | 14.1% | -37.4% | ||
| Q2 25 | 17.2% | -170.3% | ||
| Q1 25 | 15.5% | -3.3% | ||
| Q4 24 | 11.3% | 65.0% | ||
| Q3 24 | 20.7% | 17.8% | ||
| Q2 24 | 18.3% | 12.3% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | -259.7% | ||
| Q3 25 | 13.5% | -109.4% | ||
| Q2 25 | 15.3% | -239.6% | ||
| Q1 25 | 14.4% | -45.6% | ||
| Q4 24 | 50.4% | -64.0% | ||
| Q3 24 | 16.0% | 2.1% | ||
| Q2 24 | 15.0% | -30.5% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $-3.03 | ||
| Q3 25 | $0.93 | $-0.96 | ||
| Q2 25 | $0.99 | $-1.99 | ||
| Q1 25 | $0.86 | $-0.65 | ||
| Q4 24 | $2.79 | $-1.10 | ||
| Q3 24 | $0.90 | $0.03 | ||
| Q2 24 | $0.81 | $-0.42 |
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 | $226.5M |
| Total DebtLower is stronger | — | $8.2B |
| Stockholders' EquityBook value | $470.2M | $182.6M |
| Total Assets | $580.6M | $10.6B |
| Debt / EquityLower = less leverage | — | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $226.5M | ||
| Q3 25 | $76.1M | $145.2M | ||
| Q2 25 | $73.5M | $551.1M | ||
| Q1 25 | $56.9M | $447.9M | ||
| Q4 24 | $42.5M | $492.9M | ||
| Q3 24 | $62.4M | $90.8M | ||
| Q2 24 | $59.6M | $133.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $8.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $182.6M | ||
| Q3 25 | $498.9M | $1.1B | ||
| Q2 25 | $455.6M | $1.3B | ||
| Q1 25 | $462.1M | $1.8B | ||
| Q4 24 | $519.3M | $1.9B | ||
| Q3 24 | $412.8M | $1.6B | ||
| Q2 24 | $371.4M | $1.6B |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $10.6B | ||
| Q3 25 | $640.5M | $12.0B | ||
| Q2 25 | $567.4M | $12.0B | ||
| Q1 25 | $564.7M | $13.1B | ||
| Q4 24 | $626.7M | $12.9B | ||
| Q3 24 | $523.3M | $12.0B | ||
| Q2 24 | $479.3M | $11.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 44.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.74× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-76.2M |
| Free Cash FlowOCF − Capex | — | $-134.8M |
| FCF MarginFCF / Revenue | — | -41.3% |
| Capex IntensityCapex / Revenue | — | 18.0% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $-76.2M | ||
| Q3 25 | $86.0M | $-171.0M | ||
| Q2 25 | $52.6M | $-329.0M | ||
| Q1 25 | $38.5M | $-7.2M | ||
| Q4 24 | $36.6M | $445.3M | ||
| Q3 24 | $57.8M | $-20.0M | ||
| Q2 24 | $50.9M | $113.9M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $-134.8M | ||
| Q3 25 | $84.7M | $-231.6M | ||
| Q2 25 | $52.4M | $-726.7M | ||
| Q1 25 | $38.2M | $-262.3M | ||
| Q4 24 | $36.4M | $-210.3M | ||
| Q3 24 | $57.4M | $-367.0M | ||
| Q2 24 | $50.8M | $-493.2M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | -41.3% | ||
| Q3 25 | 34.0% | -96.4% | ||
| Q2 25 | 22.2% | -318.6% | ||
| Q1 25 | 17.6% | -68.2% | ||
| Q4 24 | 17.9% | -60.0% | ||
| Q3 24 | 27.9% | -82.3% | ||
| Q2 24 | 25.8% | -169.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 18.0% | ||
| Q3 25 | 0.5% | 25.2% | ||
| Q2 25 | 0.1% | 174.4% | ||
| Q1 25 | 0.1% | 66.3% | ||
| Q4 24 | 0.1% | 187.0% | ||
| Q3 24 | 0.2% | 77.8% | ||
| Q2 24 | 0.0% | 208.4% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | — | ||
| Q2 25 | 1.46× | — | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 1.75× | -2.15× | ||
| Q2 24 | 1.71× | — |
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% |
NFE
Segment breakdown not available.
