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Side-by-side financial comparison of APPFOLIO INC (APPF) and STAG Industrial, Inc. (STAG). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $224.2M, roughly 1.2× STAG Industrial, Inc.). STAG Industrial, Inc. runs the higher net margin — 27.6% vs 16.2%, a 11.5% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 9.1%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 8.7%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Stag Arms is a firearms manufacturer founded in May 2003 and located in Cheyenne, Wyoming. Stag Arms is a manufacturer of the AR-15 type rifle, marketed as Stag-15 rifles. Stag advertises that all their weapons and accessories are made in the United States. They are best known for their left-handed AR-15 rifles, which use a mirror imaged upper receiver and have the ejection port reversed for left-handed shooters and the safety selector control on the right side of the lower receiver.
APPF vs STAG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $224.2M |
| Net Profit | $42.4M | $62.0M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | — |
| Net Margin | 16.2% | 27.6% |
| Revenue YoY | 20.4% | 9.1% |
| Net Profit YoY | 35.2% | — |
| EPS (diluted) | $1.18 | $0.32 |
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 | $224.2M | ||
| Q4 25 | $248.2M | $220.9M | ||
| Q3 25 | $249.4M | $211.1M | ||
| Q2 25 | $235.6M | $207.6M | ||
| Q1 25 | $217.7M | $205.6M | ||
| Q4 24 | $203.7M | $199.3M | ||
| Q3 24 | $205.7M | $190.7M | ||
| Q2 24 | $197.4M | $189.8M |
| Q1 26 | $42.4M | $62.0M | ||
| Q4 25 | $39.9M | $83.5M | ||
| Q3 25 | $33.6M | $48.6M | ||
| Q2 25 | $36.0M | $50.0M | ||
| Q1 25 | $31.4M | $91.4M | ||
| Q4 24 | $102.7M | $51.0M | ||
| Q3 24 | $33.0M | $41.9M | ||
| Q2 24 | $29.7M | $59.8M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | — | ||
| Q3 25 | 14.1% | — | ||
| Q2 25 | 17.2% | — | ||
| Q1 25 | 15.5% | — | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 20.7% | — | ||
| Q2 24 | 18.3% | — |
| Q1 26 | 16.2% | 27.6% | ||
| Q4 25 | 16.1% | 37.8% | ||
| Q3 25 | 13.5% | 23.0% | ||
| Q2 25 | 15.3% | 24.1% | ||
| Q1 25 | 14.4% | 44.5% | ||
| Q4 24 | 50.4% | 25.6% | ||
| Q3 24 | 16.0% | 21.9% | ||
| Q2 24 | 15.0% | 31.5% |
| Q1 26 | $1.18 | $0.32 | ||
| Q4 25 | $1.10 | — | ||
| Q3 25 | $0.93 | — | ||
| Q2 25 | $0.99 | — | ||
| Q1 25 | $0.86 | — | ||
| Q4 24 | $2.79 | — | ||
| Q3 24 | $0.90 | — | ||
| Q2 24 | $0.81 | — |
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 | $8.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $3.6B |
| Total Assets | $580.6M | $7.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | $8.9M | ||
| Q4 25 | $107.0M | $14.9M | ||
| Q3 25 | $76.1M | $17.3M | ||
| Q2 25 | $73.5M | $15.4M | ||
| Q1 25 | $56.9M | $9.3M | ||
| Q4 24 | $42.5M | $36.3M | ||
| Q3 24 | $62.4M | $70.0M | ||
| Q2 24 | $59.6M | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B |
| Q1 26 | $470.2M | $3.6B | ||
| Q4 25 | $542.6M | $3.6B | ||
| Q3 25 | $498.9M | $3.4B | ||
| Q2 25 | $455.6M | $3.4B | ||
| Q1 25 | $462.1M | $3.5B | ||
| Q4 24 | $519.3M | $3.5B | ||
| Q3 24 | $412.8M | $3.3B | ||
| Q2 24 | $371.4M | $3.3B |
| Q1 26 | $580.6M | $7.2B | ||
| Q4 25 | $689.0M | $7.2B | ||
| Q3 25 | $640.5M | $6.9B | ||
| Q2 25 | $567.4M | $6.8B | ||
| Q1 25 | $564.7M | $6.8B | ||
| Q4 24 | $626.7M | $6.8B | ||
| Q3 24 | $523.3M | $6.6B | ||
| Q2 24 | $479.3M | $6.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.91× | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | — | 0.88× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | — | 0.84× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 3.9% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $104.5M | ||
| Q3 25 | $86.0M | $143.5M | ||
| Q2 25 | $52.6M | $111.9M | ||
| Q1 25 | $38.5M | $103.5M | ||
| Q4 24 | $36.6M | $104.9M | ||
| Q3 24 | $57.8M | $128.0M | ||
| Q2 24 | $50.9M | $122.2M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $43.8M | ||
| Q3 25 | $84.7M | $95.5M | ||
| Q2 25 | $52.4M | $62.3M | ||
| Q1 25 | $38.2M | $57.2M | ||
| Q4 24 | $36.4M | $37.6M | ||
| Q3 24 | $57.4M | $86.7M | ||
| Q2 24 | $50.8M | $105.0M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 19.8% | ||
| Q3 25 | 34.0% | 45.2% | ||
| Q2 25 | 22.2% | 30.0% | ||
| Q1 25 | 17.6% | 27.8% | ||
| Q4 24 | 17.9% | 18.8% | ||
| Q3 24 | 27.9% | 45.5% | ||
| Q2 24 | 25.8% | 55.3% |
| Q1 26 | — | 3.9% | ||
| Q4 25 | 0.5% | 27.4% | ||
| Q3 25 | 0.5% | 22.7% | ||
| Q2 25 | 0.1% | 23.9% | ||
| Q1 25 | 0.1% | 22.5% | ||
| Q4 24 | 0.1% | 33.8% | ||
| Q3 24 | 0.2% | 21.6% | ||
| Q2 24 | 0.0% | 9.1% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 1.25× | ||
| Q3 25 | 2.56× | 2.95× | ||
| Q2 25 | 1.46× | 2.24× | ||
| Q1 25 | 1.23× | 1.13× | ||
| Q4 24 | 0.36× | 2.06× | ||
| Q3 24 | 1.75× | 3.06× | ||
| Q2 24 | 1.71× | 2.04× |
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% |
STAG
Segment breakdown not available.
