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Side-by-side financial comparison of APPFOLIO INC (APPF) and PAMT CORP (PAMT). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $141.3M, roughly 1.9× PAMT CORP). APPFOLIO INC runs the higher net margin — 16.2% vs -20.7%, a 36.9% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs -15.1%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs -12.0%).
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 PAMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $141.3M |
| Net Profit | $42.4M | $-29.3M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | -27.0% |
| Net Margin | 16.2% | -20.7% |
| Revenue YoY | 20.4% | -15.1% |
| Net Profit YoY | 35.2% | 7.4% |
| EPS (diluted) | $1.18 | $-1.38 |
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 | $141.3M | ||
| Q3 25 | $249.4M | $150.3M | ||
| Q2 25 | $235.6M | $151.1M | ||
| Q1 25 | $217.7M | $155.3M | ||
| Q4 24 | $203.7M | $166.5M | ||
| Q3 24 | $205.7M | $182.6M | ||
| Q2 24 | $197.4M | $182.9M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $-29.3M | ||
| Q3 25 | $33.6M | $-5.6M | ||
| Q2 25 | $36.0M | $-9.6M | ||
| Q1 25 | $31.4M | $-8.1M | ||
| Q4 24 | $102.7M | $-31.6M | ||
| Q3 24 | $33.0M | $2.4M | ||
| Q2 24 | $29.7M | $-2.9M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | -27.0% | ||
| Q3 25 | 14.1% | -3.8% | ||
| Q2 25 | 17.2% | -7.3% | ||
| Q1 25 | 15.5% | -5.9% | ||
| Q4 24 | 11.3% | -22.6% | ||
| Q3 24 | 20.7% | 1.3% | ||
| Q2 24 | 18.3% | -0.4% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | -20.7% | ||
| Q3 25 | 13.5% | -3.7% | ||
| Q2 25 | 15.3% | -6.4% | ||
| Q1 25 | 14.4% | -5.2% | ||
| Q4 24 | 50.4% | -19.0% | ||
| Q3 24 | 16.0% | 1.3% | ||
| Q2 24 | 15.0% | -1.6% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $-1.38 | ||
| Q3 25 | $0.93 | $-0.27 | ||
| Q2 25 | $0.99 | $-0.46 | ||
| Q1 25 | $0.86 | $-0.37 | ||
| Q4 24 | $2.79 | $-1.44 | ||
| Q3 24 | $0.90 | $0.11 | ||
| Q2 24 | $0.81 | $-0.13 |
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 | $83.7M |
| Total DebtLower is stronger | — | $333.9M |
| Stockholders' EquityBook value | $470.2M | $210.5M |
| Total Assets | $580.6M | $697.9M |
| Debt / EquityLower = less leverage | — | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $83.7M | ||
| Q3 25 | $76.1M | $115.6M | ||
| Q2 25 | $73.5M | $117.3M | ||
| Q1 25 | $56.9M | $102.7M | ||
| Q4 24 | $42.5M | $110.7M | ||
| Q3 24 | $62.4M | $92.3M | ||
| Q2 24 | $59.6M | $114.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $325.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $210.5M | ||
| Q3 25 | $498.9M | $239.5M | ||
| Q2 25 | $455.6M | $244.9M | ||
| Q1 25 | $462.1M | $269.6M | ||
| Q4 24 | $519.3M | $277.5M | ||
| Q3 24 | $412.8M | $308.9M | ||
| Q2 24 | $371.4M | $306.7M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $697.9M | ||
| Q3 25 | $640.5M | $715.2M | ||
| Q2 25 | $567.4M | $707.9M | ||
| Q1 25 | $564.7M | $712.6M | ||
| Q4 24 | $626.7M | $741.7M | ||
| Q3 24 | $523.3M | $756.7M | ||
| Q2 24 | $479.3M | $733.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-25.0M |
| FCF MarginFCF / Revenue | — | -17.7% |
| Capex IntensityCapex / Revenue | — | 13.6% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $-5.8M | ||
| Q3 25 | $86.0M | $5.9M | ||
| Q2 25 | $52.6M | $12.2M | ||
| Q1 25 | $38.5M | $5.0M | ||
| Q4 24 | $36.6M | $15.2M | ||
| Q3 24 | $57.8M | $15.5M | ||
| Q2 24 | $50.9M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $-25.0M | ||
| Q3 25 | $84.7M | $2.5M | ||
| Q2 25 | $52.4M | $5.9M | ||
| Q1 25 | $38.2M | $-6.8M | ||
| Q4 24 | $36.4M | $-39.9M | ||
| Q3 24 | $57.4M | $-33.6M | ||
| Q2 24 | $50.8M | $4.1M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | -17.7% | ||
| Q3 25 | 34.0% | 1.7% | ||
| Q2 25 | 22.2% | 3.9% | ||
| Q1 25 | 17.6% | -4.4% | ||
| Q4 24 | 17.9% | -24.0% | ||
| Q3 24 | 27.9% | -18.4% | ||
| Q2 24 | 25.8% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 13.6% | ||
| Q3 25 | 0.5% | 2.3% | ||
| Q2 25 | 0.1% | 4.2% | ||
| Q1 25 | 0.1% | 7.6% | ||
| Q4 24 | 0.1% | 33.1% | ||
| Q3 24 | 0.2% | 26.9% | ||
| Q2 24 | 0.0% | 8.0% |
| 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× | 6.44× | ||
| 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% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
