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Side-by-side financial comparison of APPFOLIO INC (APPF) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.
NEW JERSEY RESOURCES CORP is the larger business by last-quarter revenue ($440.9M vs $262.2M, roughly 1.7× APPFOLIO INC). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs 16.2%, a 11.6% gap on every dollar of revenue. On growth, NEW JERSEY RESOURCES CORP posted the faster year-over-year revenue change (22.8% vs 20.4%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 0.9%).
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 Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.
APPF vs NJR — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $440.9M |
| Net Profit | $42.4M | $122.5M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | 40.6% |
| Net Margin | 16.2% | 27.8% |
| Revenue YoY | 20.4% | 22.8% |
| Net Profit YoY | 35.2% | -6.7% |
| EPS (diluted) | $1.18 | $1.21 |
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 | $440.9M | ||
| Q3 25 | $249.4M | $188.3M | ||
| Q2 25 | $235.6M | $234.8M | ||
| Q1 25 | $217.7M | $569.2M | ||
| Q4 24 | $203.7M | $359.0M | ||
| Q3 24 | $205.7M | $265.7M | ||
| Q2 24 | $197.4M | $209.9M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $122.5M | ||
| Q3 25 | $33.6M | $15.1M | ||
| Q2 25 | $36.0M | $-15.1M | ||
| Q1 25 | $31.4M | $204.3M | ||
| Q4 24 | $102.7M | $131.3M | ||
| Q3 24 | $33.0M | $91.1M | ||
| Q2 24 | $29.7M | $-11.6M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 40.6% | ||
| Q3 25 | 14.1% | 21.5% | ||
| Q2 25 | 17.2% | -0.5% | ||
| Q1 25 | 15.5% | 49.2% | ||
| Q4 24 | 11.3% | 52.8% | ||
| Q3 24 | 20.7% | 55.0% | ||
| Q2 24 | 18.3% | 2.8% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 27.8% | ||
| Q3 25 | 13.5% | 8.0% | ||
| Q2 25 | 15.3% | -6.4% | ||
| Q1 25 | 14.4% | 35.9% | ||
| Q4 24 | 50.4% | 36.6% | ||
| Q3 24 | 16.0% | 34.3% | ||
| Q2 24 | 15.0% | -5.5% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $1.21 | ||
| Q3 25 | $0.93 | $0.15 | ||
| Q2 25 | $0.99 | $-0.15 | ||
| Q1 25 | $0.86 | $2.02 | ||
| Q4 24 | $2.79 | $1.31 | ||
| Q3 24 | $0.90 | $0.91 | ||
| Q2 24 | $0.81 | $-0.12 |
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 | $2.4M |
| Total DebtLower is stronger | — | $3.3B |
| Stockholders' EquityBook value | $470.2M | $2.5B |
| Total Assets | $580.6M | $7.9B |
| Debt / EquityLower = less leverage | — | 1.32× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $2.4M | ||
| Q3 25 | $76.1M | $591.0K | ||
| Q2 25 | $73.5M | $931.0K | ||
| Q1 25 | $56.9M | $83.7M | ||
| Q4 24 | $42.5M | $1.9M | ||
| Q3 24 | $62.4M | $1.0M | ||
| Q2 24 | $59.6M | $22.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $2.5B | ||
| Q3 25 | $498.9M | $2.4B | ||
| Q2 25 | $455.6M | $2.4B | ||
| Q1 25 | $462.1M | $2.5B | ||
| Q4 24 | $519.3M | $2.3B | ||
| Q3 24 | $412.8M | $2.2B | ||
| Q2 24 | $371.4M | $2.1B |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $7.9B | ||
| Q3 25 | $640.5M | $7.6B | ||
| Q2 25 | $567.4M | $7.3B | ||
| Q1 25 | $564.7M | $7.3B | ||
| Q4 24 | $626.7M | $7.2B | ||
| Q3 24 | $523.3M | $7.0B | ||
| Q2 24 | $479.3M | $6.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.32× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.29× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | 1.30× |
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 | $26.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.81× | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $26.7M | ||
| Q3 25 | $86.0M | $81.2M | ||
| Q2 25 | $52.6M | $-28.9M | ||
| Q1 25 | $38.5M | $423.0M | ||
| Q4 24 | $36.6M | $-9.0M | ||
| Q3 24 | $57.8M | $64.5M | ||
| Q2 24 | $50.9M | $24.3M |
| 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× | 0.22× | ||
| Q3 25 | 2.56× | 5.39× | ||
| Q2 25 | 1.46× | — | ||
| Q1 25 | 1.23× | 2.07× | ||
| Q4 24 | 0.36× | -0.07× | ||
| Q3 24 | 1.75× | 0.71× | ||
| 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% |
NJR
| Residential | $284.1M | 64% |
| Commercialand Industrial | $53.4M | 12% |
| Firm Transportation | $34.7M | 8% |
| Storage And Transportation ST Segment | $28.1M | 6% |
| Home Services And Other HSO | $16.0M | 4% |
| Energy Services ES Segment | $12.8M | 3% |
| Installationand Maintenance | $6.6M | 1% |
| Electricity | $5.6M | 1% |
| Renewable Energy Certificates | $3.7M | 1% |
| Interruptibleand Offtariff | $2.4M | 1% |
