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Side-by-side financial comparison of APPFOLIO INC (APPF) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $245.3M, roughly 1.1× Tecnoglass Inc.). APPFOLIO INC runs the higher net margin — 16.2% vs 10.6%, a 5.5% 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 12.8%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
APPF vs TGLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $245.3M |
| Net Profit | $42.4M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | 19.4% | 18.3% |
| Net Margin | 16.2% | 10.6% |
| Revenue YoY | 20.4% | 2.4% |
| Net Profit YoY | 35.2% | -44.5% |
| EPS (diluted) | $1.18 | $0.57 |
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 | $245.3M | ||
| Q3 25 | $249.4M | $260.5M | ||
| Q2 25 | $235.6M | $255.5M | ||
| Q1 25 | $217.7M | $222.3M | ||
| Q4 24 | $203.7M | $239.6M | ||
| Q3 24 | $205.7M | $238.3M | ||
| Q2 24 | $197.4M | $219.7M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $26.1M | ||
| Q3 25 | $33.6M | $47.2M | ||
| Q2 25 | $36.0M | $44.1M | ||
| Q1 25 | $31.4M | $42.2M | ||
| Q4 24 | $102.7M | $47.0M | ||
| Q3 24 | $33.0M | $49.5M | ||
| Q2 24 | $29.7M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 40.0% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 43.9% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 40.8% |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 18.3% | ||
| Q3 25 | 14.1% | 25.1% | ||
| Q2 25 | 17.2% | 24.0% | ||
| Q1 25 | 15.5% | 26.7% | ||
| Q4 24 | 11.3% | 28.0% | ||
| Q3 24 | 20.7% | 28.4% | ||
| Q2 24 | 18.3% | 23.3% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 10.6% | ||
| Q3 25 | 13.5% | 18.1% | ||
| Q2 25 | 15.3% | 17.3% | ||
| Q1 25 | 14.4% | 19.0% | ||
| Q4 24 | 50.4% | 19.6% | ||
| Q3 24 | 16.0% | 20.8% | ||
| Q2 24 | 15.0% | 15.9% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.57 | ||
| Q3 25 | $0.93 | $1.01 | ||
| Q2 25 | $0.99 | $0.94 | ||
| Q1 25 | $0.86 | $0.90 | ||
| Q4 24 | $2.79 | $1.00 | ||
| Q3 24 | $0.90 | $1.05 | ||
| Q2 24 | $0.81 | $0.75 |
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 | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $470.2M | $713.1M |
| Total Assets | $580.6M | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $104.1M | ||
| Q3 25 | $76.1M | $127.1M | ||
| Q2 25 | $73.5M | $140.9M | ||
| Q1 25 | $56.9M | $160.2M | ||
| Q4 24 | $42.5M | $137.5M | ||
| Q3 24 | $62.4M | $124.8M | ||
| Q2 24 | $59.6M | $129.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | — | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $713.1M | ||
| Q3 25 | $498.9M | $764.0M | ||
| Q2 25 | $455.6M | $736.0M | ||
| Q1 25 | $462.1M | $685.1M | ||
| Q4 24 | $519.3M | $631.2M | ||
| Q3 24 | $412.8M | $613.3M | ||
| Q2 24 | $371.4M | $574.8M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $1.3B | ||
| Q3 25 | $640.5M | $1.2B | ||
| Q2 25 | $567.4M | $1.2B | ||
| Q1 25 | $564.7M | $1.1B | ||
| Q4 24 | $626.7M | $1.0B | ||
| Q3 24 | $523.3M | $996.3M | ||
| Q2 24 | $479.3M | $942.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.25× |
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 | $31.0M |
| Free Cash FlowOCF − Capex | — | $11.4M |
| FCF MarginFCF / Revenue | — | 4.7% |
| Capex IntensityCapex / Revenue | — | 8.0% |
| Cash ConversionOCF / Net Profit | 0.81× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $31.0M | ||
| Q3 25 | $86.0M | $40.0M | ||
| Q2 25 | $52.6M | $17.9M | ||
| Q1 25 | $38.5M | $46.9M | ||
| Q4 24 | $36.6M | $61.1M | ||
| Q3 24 | $57.8M | $41.5M | ||
| Q2 24 | $50.9M | $34.5M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $11.4M | ||
| Q3 25 | $84.7M | $21.2M | ||
| Q2 25 | $52.4M | $-14.7M | ||
| Q1 25 | $38.2M | $16.5M | ||
| Q4 24 | $36.4M | $35.4M | ||
| Q3 24 | $57.4M | $17.8M | ||
| Q2 24 | $50.8M | $14.2M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 4.7% | ||
| Q3 25 | 34.0% | 8.2% | ||
| Q2 25 | 22.2% | -5.7% | ||
| Q1 25 | 17.6% | 7.4% | ||
| Q4 24 | 17.9% | 14.8% | ||
| Q3 24 | 27.9% | 7.5% | ||
| Q2 24 | 25.8% | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 8.0% | ||
| Q3 25 | 0.5% | 7.2% | ||
| Q2 25 | 0.1% | 12.7% | ||
| Q1 25 | 0.1% | 13.7% | ||
| Q4 24 | 0.1% | 10.7% | ||
| Q3 24 | 0.2% | 9.9% | ||
| Q2 24 | 0.0% | 9.2% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 1.19× | ||
| Q3 25 | 2.56× | 0.85× | ||
| Q2 25 | 1.46× | 0.41× | ||
| Q1 25 | 1.23× | 1.11× | ||
| Q4 24 | 0.36× | 1.30× | ||
| Q3 24 | 1.75× | 0.84× | ||
| Q2 24 | 1.71× | 0.98× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
