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Side-by-side financial comparison of APPFOLIO INC (APPF) and TENNANT CO (TNC). Click either name above to swap in a different company.
TENNANT CO is the larger business by last-quarter revenue ($291.6M vs $262.2M, roughly 1.1× APPFOLIO INC). APPFOLIO INC runs the higher net margin — 16.2% vs -1.5%, a 17.7% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs -11.3%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs -3.2%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
The Tennant Company (TNC:NYQ) is a company with about 4000 employees that provides cleaning products. It is a company that is listed in the New York Stock Exchange.
APPF vs TNC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $291.6M |
| Net Profit | $42.4M | $-4.4M |
| Gross Margin | — | 34.6% |
| Operating Margin | 19.4% | -1.4% |
| Net Margin | 16.2% | -1.5% |
| Revenue YoY | 20.4% | -11.3% |
| Net Profit YoY | 35.2% | -166.7% |
| EPS (diluted) | $1.18 | $-0.21 |
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 | $291.6M | ||
| Q3 25 | $249.4M | $303.3M | ||
| Q2 25 | $235.6M | $318.6M | ||
| Q1 25 | $217.7M | $290.0M | ||
| Q4 24 | $203.7M | $328.9M | ||
| Q3 24 | $205.7M | $315.8M | ||
| Q2 24 | $197.4M | $331.0M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $-4.4M | ||
| Q3 25 | $33.6M | $14.9M | ||
| Q2 25 | $36.0M | $20.2M | ||
| Q1 25 | $31.4M | $13.1M | ||
| Q4 24 | $102.7M | $6.6M | ||
| Q3 24 | $33.0M | $20.8M | ||
| Q2 24 | $29.7M | $27.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 34.6% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 42.1% | ||
| Q1 25 | — | 41.4% | ||
| Q4 24 | — | 41.3% | ||
| Q3 24 | — | 42.4% | ||
| Q2 24 | — | 43.1% |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | -1.4% | ||
| Q3 25 | 14.1% | 7.4% | ||
| Q2 25 | 17.2% | 9.6% | ||
| Q1 25 | 15.5% | 6.8% | ||
| Q4 24 | 11.3% | 2.3% | ||
| Q3 24 | 20.7% | 9.7% | ||
| Q2 24 | 18.3% | 11.7% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | -1.5% | ||
| Q3 25 | 13.5% | 4.9% | ||
| Q2 25 | 15.3% | 6.3% | ||
| Q1 25 | 14.4% | 4.5% | ||
| Q4 24 | 50.4% | 2.0% | ||
| Q3 24 | 16.0% | 6.6% | ||
| Q2 24 | 15.0% | 8.4% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $-0.21 | ||
| Q3 25 | $0.93 | $0.80 | ||
| Q2 25 | $0.99 | $1.08 | ||
| Q1 25 | $0.86 | $0.69 | ||
| Q4 24 | $2.79 | $0.35 | ||
| Q3 24 | $0.90 | $1.09 | ||
| Q2 24 | $0.81 | $1.45 |
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 | — |
| Total DebtLower is stronger | — | $273.2M |
| Stockholders' EquityBook value | $470.2M | $601.6M |
| Total Assets | $580.6M | $1.3B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | — | ||
| Q3 25 | $76.1M | — | ||
| Q2 25 | $73.5M | — | ||
| Q1 25 | $56.9M | — | ||
| Q4 24 | $42.5M | — | ||
| Q3 24 | $62.4M | — | ||
| Q2 24 | $59.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $273.2M | ||
| Q3 25 | — | $238.3M | ||
| Q2 25 | — | $213.4M | ||
| Q1 25 | — | $213.3M | ||
| Q4 24 | — | $198.2M | ||
| Q3 24 | — | $208.6M | ||
| Q2 24 | — | $205.6M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $601.6M | ||
| Q3 25 | $498.9M | $640.9M | ||
| Q2 25 | $455.6M | $651.9M | ||
| Q1 25 | $462.1M | $624.4M | ||
| Q4 24 | $519.3M | $620.8M | ||
| Q3 24 | $412.8M | $647.2M | ||
| Q2 24 | $371.4M | $624.6M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $1.3B | ||
| Q3 25 | $640.5M | $1.3B | ||
| Q2 25 | $567.4M | $1.2B | ||
| Q1 25 | $564.7M | $1.2B | ||
| Q4 24 | $626.7M | $1.2B | ||
| Q3 24 | $523.3M | $1.2B | ||
| Q2 24 | $479.3M | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.33× |
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 | $14.2M |
| Free Cash FlowOCF − Capex | — | $9.7M |
| FCF MarginFCF / Revenue | — | 3.3% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $43.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $14.2M | ||
| Q3 25 | $86.0M | $28.7M | ||
| Q2 25 | $52.6M | $22.5M | ||
| Q1 25 | $38.5M | $-400.0K | ||
| Q4 24 | $36.6M | $37.5M | ||
| Q3 24 | $57.8M | $30.7M | ||
| Q2 24 | $50.9M | $18.6M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $9.7M | ||
| Q3 25 | $84.7M | $22.3M | ||
| Q2 25 | $52.4M | $18.7M | ||
| Q1 25 | $38.2M | $-7.4M | ||
| Q4 24 | $36.4M | $28.1M | ||
| Q3 24 | $57.4M | $26.4M | ||
| Q2 24 | $50.8M | $14.4M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 3.3% | ||
| Q3 25 | 34.0% | 7.4% | ||
| Q2 25 | 22.2% | 5.9% | ||
| Q1 25 | 17.6% | -2.6% | ||
| Q4 24 | 17.9% | 8.5% | ||
| Q3 24 | 27.9% | 8.4% | ||
| Q2 24 | 25.8% | 4.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 1.5% | ||
| Q3 25 | 0.5% | 2.1% | ||
| Q2 25 | 0.1% | 1.2% | ||
| Q1 25 | 0.1% | 2.4% | ||
| Q4 24 | 0.1% | 2.9% | ||
| Q3 24 | 0.2% | 1.4% | ||
| Q2 24 | 0.0% | 1.3% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | 1.93× | ||
| Q2 25 | 1.46× | 1.11× | ||
| Q1 25 | 1.23× | -0.03× | ||
| Q4 24 | 0.36× | 5.68× | ||
| Q3 24 | 1.75× | 1.48× | ||
| Q2 24 | 1.71× | 0.67× |
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% |
TNC
| Equipment Sales | $165.5M | 57% |
| Parts And Consumables | $69.1M | 24% |
| Service And Other | $57.0M | 20% |
