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Side-by-side financial comparison of APPFOLIO INC (APPF) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $242.1M, roughly 1.1× ONESPAWORLD HOLDINGS Ltd). APPFOLIO INC runs the higher net margin — 16.2% vs 5.0%, a 11.2% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 11.5%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 7.1%).
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 OSW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $242.1M |
| Net Profit | $42.4M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | 6.8% |
| Net Margin | 16.2% | 5.0% |
| Revenue YoY | 20.4% | 11.5% |
| Net Profit YoY | 35.2% | -16.2% |
| EPS (diluted) | $1.18 | $0.12 |
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 | $242.1M | ||
| Q3 25 | $249.4M | $258.5M | ||
| Q2 25 | $235.6M | $240.7M | ||
| Q1 25 | $217.7M | $219.6M | ||
| Q4 24 | $203.7M | $217.2M | ||
| Q3 24 | $205.7M | $241.7M | ||
| Q2 24 | $197.4M | $224.9M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $12.1M | ||
| Q3 25 | $33.6M | $24.3M | ||
| Q2 25 | $36.0M | $19.9M | ||
| Q1 25 | $31.4M | $15.3M | ||
| Q4 24 | $102.7M | $14.4M | ||
| Q3 24 | $33.0M | $21.6M | ||
| Q2 24 | $29.7M | $15.8M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 6.8% | ||
| Q3 25 | 14.1% | 10.2% | ||
| Q2 25 | 17.2% | 9.2% | ||
| Q1 25 | 15.5% | 7.7% | ||
| Q4 24 | 11.3% | 7.9% | ||
| Q3 24 | 20.7% | 10.3% | ||
| Q2 24 | 18.3% | 8.4% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 5.0% | ||
| Q3 25 | 13.5% | 9.4% | ||
| Q2 25 | 15.3% | 8.3% | ||
| Q1 25 | 14.4% | 7.0% | ||
| Q4 24 | 50.4% | 6.6% | ||
| Q3 24 | 16.0% | 8.9% | ||
| Q2 24 | 15.0% | 7.0% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.12 | ||
| Q3 25 | $0.93 | $0.23 | ||
| Q2 25 | $0.99 | $0.19 | ||
| Q1 25 | $0.86 | $0.15 | ||
| Q4 24 | $2.79 | $0.13 | ||
| Q3 24 | $0.90 | $0.20 | ||
| Q2 24 | $0.81 | $0.15 |
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 | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $470.2M | $542.6M |
| Total Assets | $580.6M | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $16.3M | ||
| Q3 25 | $76.1M | $29.6M | ||
| Q2 25 | $73.5M | $35.0M | ||
| Q1 25 | $56.9M | $22.6M | ||
| Q4 24 | $42.5M | $57.4M | ||
| Q3 24 | $62.4M | $48.8M | ||
| Q2 24 | $59.6M | $62.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $542.6M | ||
| Q3 25 | $498.9M | $552.8M | ||
| Q2 25 | $455.6M | $548.3M | ||
| Q1 25 | $462.1M | $530.6M | ||
| Q4 24 | $519.3M | $554.5M | ||
| Q3 24 | $412.8M | $540.1M | ||
| Q2 24 | $371.4M | $532.7M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $707.1M | ||
| Q3 25 | $640.5M | $732.6M | ||
| Q2 25 | $567.4M | $731.8M | ||
| Q1 25 | $564.7M | $708.7M | ||
| Q4 24 | $626.7M | $746.4M | ||
| Q3 24 | $523.3M | $734.0M | ||
| Q2 24 | $479.3M | $756.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× |
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 | $20.0M |
| Free Cash FlowOCF − Capex | — | $14.9M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | 0.81× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $20.0M | ||
| Q3 25 | $86.0M | $33.2M | ||
| Q2 25 | $52.6M | $20.3M | ||
| Q1 25 | $38.5M | $10.1M | ||
| Q4 24 | $36.6M | $16.6M | ||
| Q3 24 | $57.8M | $28.6M | ||
| Q2 24 | $50.9M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $14.9M | ||
| Q3 25 | $84.7M | $27.6M | ||
| Q2 25 | $52.4M | $17.6M | ||
| Q1 25 | $38.2M | $8.4M | ||
| Q4 24 | $36.4M | $13.2M | ||
| Q3 24 | $57.4M | $27.5M | ||
| Q2 24 | $50.8M | $17.6M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 6.2% | ||
| Q3 25 | 34.0% | 10.7% | ||
| Q2 25 | 22.2% | 7.3% | ||
| Q1 25 | 17.6% | 3.8% | ||
| Q4 24 | 17.9% | 6.1% | ||
| Q3 24 | 27.9% | 11.4% | ||
| Q2 24 | 25.8% | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 2.1% | ||
| Q3 25 | 0.5% | 2.2% | ||
| Q2 25 | 0.1% | 1.1% | ||
| Q1 25 | 0.1% | 0.8% | ||
| Q4 24 | 0.1% | 1.5% | ||
| Q3 24 | 0.2% | 0.5% | ||
| Q2 24 | 0.0% | 0.5% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 1.65× | ||
| Q3 25 | 2.56× | 1.36× | ||
| Q2 25 | 1.46× | 1.02× | ||
| Q1 25 | 1.23× | 0.66× | ||
| Q4 24 | 0.36× | 1.15× | ||
| Q3 24 | 1.75× | 1.33× | ||
| Q2 24 | 1.71× | 1.19× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
