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Side-by-side financial comparison of APPFOLIO INC (APPF) and TIDEWATER INC (TDW). Click either name above to swap in a different company.
TIDEWATER INC is the larger business by last-quarter revenue ($336.8M vs $262.2M, roughly 1.3× APPFOLIO INC). TIDEWATER INC runs the higher net margin — 65.3% vs 16.2%, a 49.1% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs -2.4%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 2.4%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.
APPF vs TDW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $336.8M |
| Net Profit | $42.4M | $219.9M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | 19.0% |
| Net Margin | 16.2% | 65.3% |
| Revenue YoY | 20.4% | -2.4% |
| Net Profit YoY | 35.2% | 495.8% |
| EPS (diluted) | $1.18 | $4.37 |
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 | $336.8M | ||
| Q3 25 | $249.4M | $341.1M | ||
| Q2 25 | $235.6M | $341.4M | ||
| Q1 25 | $217.7M | $333.4M | ||
| Q4 24 | $203.7M | $345.1M | ||
| Q3 24 | $205.7M | $340.4M | ||
| Q2 24 | $197.4M | $339.2M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $219.9M | ||
| Q3 25 | $33.6M | $-806.0K | ||
| Q2 25 | $36.0M | $72.9M | ||
| Q1 25 | $31.4M | $42.7M | ||
| Q4 24 | $102.7M | $36.9M | ||
| Q3 24 | $33.0M | $46.4M | ||
| Q2 24 | $29.7M | $50.4M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 19.0% | ||
| Q3 25 | 14.1% | 18.4% | ||
| Q2 25 | 17.2% | 23.7% | ||
| Q1 25 | 15.5% | 22.5% | ||
| Q4 24 | 11.3% | 23.6% | ||
| Q3 24 | 20.7% | 20.6% | ||
| Q2 24 | 18.3% | 23.0% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 65.3% | ||
| Q3 25 | 13.5% | -0.2% | ||
| Q2 25 | 15.3% | 21.4% | ||
| Q1 25 | 14.4% | 12.8% | ||
| Q4 24 | 50.4% | 10.7% | ||
| Q3 24 | 16.0% | 13.6% | ||
| Q2 24 | 15.0% | 14.8% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $4.37 | ||
| Q3 25 | $0.93 | $-0.02 | ||
| Q2 25 | $0.99 | $1.46 | ||
| Q1 25 | $0.86 | $0.83 | ||
| Q4 24 | $2.79 | $0.70 | ||
| Q3 24 | $0.90 | $0.87 | ||
| Q2 24 | $0.81 | $0.94 |
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 | $578.8M |
| Total DebtLower is stronger | — | $670.1M |
| Stockholders' EquityBook value | $470.2M | $1.4B |
| Total Assets | $580.6M | $2.4B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $578.8M | ||
| Q3 25 | $76.1M | $428.2M | ||
| Q2 25 | $73.5M | $369.4M | ||
| Q1 25 | $56.9M | $341.8M | ||
| Q4 24 | $42.5M | $324.9M | ||
| Q3 24 | $62.4M | $280.8M | ||
| Q2 24 | $59.6M | $315.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $670.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $647.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $1.4B | ||
| Q3 25 | $498.9M | $1.1B | ||
| Q2 25 | $455.6M | $1.1B | ||
| Q1 25 | $462.1M | $1.1B | ||
| Q4 24 | $519.3M | $1.1B | ||
| Q3 24 | $412.8M | $1.1B | ||
| Q2 24 | $371.4M | $1.1B |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $2.4B | ||
| Q3 25 | $640.5M | $2.1B | ||
| Q2 25 | $567.4M | $2.1B | ||
| Q1 25 | $564.7M | $2.1B | ||
| Q4 24 | $626.7M | $2.1B | ||
| Q3 24 | $523.3M | $2.0B | ||
| Q2 24 | $479.3M | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| 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 | $153.0M |
| Free Cash FlowOCF − Capex | — | $147.8M |
| FCF MarginFCF / Revenue | — | 43.9% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 0.81× | 0.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $353.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $153.0M | ||
| Q3 25 | $86.0M | $54.7M | ||
| Q2 25 | $52.6M | $85.4M | ||
| Q1 25 | $38.5M | $86.0M | ||
| Q4 24 | $36.6M | $100.0M | ||
| Q3 24 | $57.8M | $49.0M | ||
| Q2 24 | $50.9M | $78.6M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $147.8M | ||
| Q3 25 | $84.7M | $49.6M | ||
| Q2 25 | $52.4M | $80.2M | ||
| Q1 25 | $38.2M | $75.7M | ||
| Q4 24 | $36.4M | $95.5M | ||
| Q3 24 | $57.4M | $43.3M | ||
| Q2 24 | $50.8M | $72.3M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 43.9% | ||
| Q3 25 | 34.0% | 14.5% | ||
| Q2 25 | 22.2% | 23.5% | ||
| Q1 25 | 17.6% | 22.7% | ||
| Q4 24 | 17.9% | 27.7% | ||
| Q3 24 | 27.9% | 12.7% | ||
| Q2 24 | 25.8% | 21.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 1.5% | ||
| Q3 25 | 0.5% | 1.5% | ||
| Q2 25 | 0.1% | 1.5% | ||
| Q1 25 | 0.1% | 3.1% | ||
| Q4 24 | 0.1% | 1.3% | ||
| Q3 24 | 0.2% | 1.7% | ||
| Q2 24 | 0.0% | 1.9% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 0.70× | ||
| Q3 25 | 2.56× | — | ||
| Q2 25 | 1.46× | 1.17× | ||
| Q1 25 | 1.23× | 2.02× | ||
| Q4 24 | 0.36× | 2.71× | ||
| Q3 24 | 1.75× | 1.06× | ||
| Q2 24 | 1.71× | 1.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APPF
| Value Added Services | $164.7M | 63% |
| Subscription Services | $58.2M | 22% |
| Other | $39.3M | 15% |
TDW
Segment breakdown not available.
