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Side-by-side financial comparison of APPFOLIO INC (APPF) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $153.1M, roughly 1.7× CPI Card Group Inc.). APPFOLIO INC runs the higher net margin — 16.2% vs 4.8%, a 11.4% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 20.4%). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% CAGR vs 15.3%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
APPF vs PMTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $153.1M |
| Net Profit | $42.4M | $7.3M |
| Gross Margin | — | 31.5% |
| Operating Margin | 19.4% | 12.0% |
| Net Margin | 16.2% | 4.8% |
| Revenue YoY | 20.4% | 22.3% |
| Net Profit YoY | 35.2% | 8.5% |
| EPS (diluted) | $1.18 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $249.4M | $138.0M | ||
| Q2 25 | $235.6M | $129.8M | ||
| Q1 25 | $217.7M | $122.8M | ||
| Q4 24 | $203.7M | $125.1M | ||
| Q3 24 | $205.7M | $124.8M | ||
| Q2 24 | $197.4M | $118.8M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $7.3M | ||
| Q3 25 | $33.6M | $2.3M | ||
| Q2 25 | $36.0M | $518.0K | ||
| Q1 25 | $31.4M | $4.8M | ||
| Q4 24 | $102.7M | $6.8M | ||
| Q3 24 | $33.0M | $1.3M | ||
| Q2 24 | $29.7M | $6.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 29.7% | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | — | 33.2% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 35.7% |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 12.0% | ||
| Q3 25 | 14.1% | 9.4% | ||
| Q2 25 | 17.2% | 7.3% | ||
| Q1 25 | 15.5% | 11.5% | ||
| Q4 24 | 11.3% | 12.7% | ||
| Q3 24 | 20.7% | 14.3% | ||
| Q2 24 | 18.3% | 12.5% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 4.8% | ||
| Q3 25 | 13.5% | 1.7% | ||
| Q2 25 | 15.3% | 0.4% | ||
| Q1 25 | 14.4% | 3.9% | ||
| Q4 24 | 50.4% | 5.4% | ||
| Q3 24 | 16.0% | 1.0% | ||
| Q2 24 | 15.0% | 5.1% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.62 | ||
| Q3 25 | $0.93 | $0.19 | ||
| Q2 25 | $0.99 | $0.04 | ||
| Q1 25 | $0.86 | $0.40 | ||
| Q4 24 | $2.79 | $0.56 | ||
| Q3 24 | $0.90 | $0.11 | ||
| Q2 24 | $0.81 | $0.51 |
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 | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | $470.2M | $-17.3M |
| Total Assets | $580.6M | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $21.7M | ||
| Q3 25 | $76.1M | $16.0M | ||
| Q2 25 | $73.5M | $17.1M | ||
| Q1 25 | $56.9M | $31.5M | ||
| Q4 24 | $42.5M | $33.5M | ||
| Q3 24 | $62.4M | $14.7M | ||
| Q2 24 | $59.6M | $7.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $-17.3M | ||
| Q3 25 | $498.9M | $-25.7M | ||
| Q2 25 | $455.6M | $-29.0M | ||
| Q1 25 | $462.1M | $-29.7M | ||
| Q4 24 | $519.3M | $-35.6M | ||
| Q3 24 | $412.8M | $-42.8M | ||
| Q2 24 | $371.4M | $-44.6M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $403.2M | ||
| Q3 25 | $640.5M | $407.1M | ||
| Q2 25 | $567.4M | $399.8M | ||
| Q1 25 | $564.7M | $351.9M | ||
| Q4 24 | $626.7M | $349.7M | ||
| Q3 24 | $523.3M | $342.3M | ||
| Q2 24 | $479.3M | $321.4M |
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 | $39.6M |
| Free Cash FlowOCF − Capex | — | $35.2M |
| FCF MarginFCF / Revenue | — | 23.0% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | 0.81× | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $39.6M | ||
| Q3 25 | $86.0M | $10.0M | ||
| Q2 25 | $52.6M | $4.3M | ||
| Q1 25 | $38.5M | $5.6M | ||
| Q4 24 | $36.6M | $26.7M | ||
| Q3 24 | $57.8M | $12.5M | ||
| Q2 24 | $50.9M | $-4.8M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $35.2M | ||
| Q3 25 | $84.7M | $5.3M | ||
| Q2 25 | $52.4M | $533.0K | ||
| Q1 25 | $38.2M | $292.0K | ||
| Q4 24 | $36.4M | $21.6M | ||
| Q3 24 | $57.4M | $11.1M | ||
| Q2 24 | $50.8M | $-6.0M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 23.0% | ||
| Q3 25 | 34.0% | 3.8% | ||
| Q2 25 | 22.2% | 0.4% | ||
| Q1 25 | 17.6% | 0.2% | ||
| Q4 24 | 17.9% | 17.3% | ||
| Q3 24 | 27.9% | 8.9% | ||
| Q2 24 | 25.8% | -5.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 2.9% | ||
| Q3 25 | 0.5% | 3.4% | ||
| Q2 25 | 0.1% | 2.9% | ||
| Q1 25 | 0.1% | 4.3% | ||
| Q4 24 | 0.1% | 4.0% | ||
| Q3 24 | 0.2% | 1.2% | ||
| Q2 24 | 0.0% | 1.0% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 5.39× | ||
| Q3 25 | 2.56× | 4.32× | ||
| Q2 25 | 1.46× | 8.39× | ||
| Q1 25 | 1.23× | 1.17× | ||
| Q4 24 | 0.36× | 3.94× | ||
| Q3 24 | 1.75× | 9.70× | ||
| Q2 24 | 1.71× | -0.79× |
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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
