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Side-by-side financial comparison of APPFOLIO INC (APPF) and TRUSTMARK CORP (TRMK). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $204.1M, roughly 1.3× TRUSTMARK CORP). TRUSTMARK CORP runs the higher net margin — 28.4% vs 16.2%, a 12.2% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 4.5%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 8.9%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Trustmark is an insurance company. According to Crain's Chicago Business magazine, Trustmark ranks #69 among Chicago's Largest Privately Held Companies in 2018.
APPF vs TRMK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $204.1M |
| Net Profit | $42.4M | $57.9M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | 34.7% |
| Net Margin | 16.2% | 28.4% |
| Revenue YoY | 20.4% | 4.5% |
| Net Profit YoY | 35.2% | 2.8% |
| EPS (diluted) | $1.18 | $0.96 |
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 | $204.1M | ||
| Q3 25 | $249.4M | $202.4M | ||
| Q2 25 | $235.6M | $198.6M | ||
| Q1 25 | $217.7M | $194.6M | ||
| Q4 24 | $203.7M | $155.8M | ||
| Q3 24 | $205.7M | $192.3M | ||
| Q2 24 | $197.4M | $141.0M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $57.9M | ||
| Q3 25 | $33.6M | $56.8M | ||
| Q2 25 | $36.0M | $55.8M | ||
| Q1 25 | $31.4M | $53.6M | ||
| Q4 24 | $102.7M | $56.3M | ||
| Q3 24 | $33.0M | $51.3M | ||
| Q2 24 | $29.7M | $73.8M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 34.7% | ||
| Q3 25 | 14.1% | 34.5% | ||
| Q2 25 | 17.2% | 34.7% | ||
| Q1 25 | 15.5% | 33.6% | ||
| Q4 24 | 11.3% | 41.6% | ||
| Q3 24 | 20.7% | 32.5% | ||
| Q2 24 | 18.3% | -98.1% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 28.4% | ||
| Q3 25 | 13.5% | 28.1% | ||
| Q2 25 | 15.3% | 28.1% | ||
| Q1 25 | 14.4% | 27.6% | ||
| Q4 24 | 50.4% | 36.1% | ||
| Q3 24 | 16.0% | 26.7% | ||
| Q2 24 | 15.0% | 52.4% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.96 | ||
| Q3 25 | $0.93 | $0.94 | ||
| Q2 25 | $0.99 | $0.92 | ||
| Q1 25 | $0.86 | $0.88 | ||
| Q4 24 | $2.79 | $0.91 | ||
| Q3 24 | $0.90 | $0.84 | ||
| Q2 24 | $0.81 | $1.20 |
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 | — | — |
| Stockholders' EquityBook value | $470.2M | $2.1B |
| Total Assets | $580.6M | $18.9B |
| Debt / EquityLower = less leverage | — | — |
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 | $470.2M | — | ||
| Q4 25 | $542.6M | $2.1B | ||
| Q3 25 | $498.9M | $2.1B | ||
| Q2 25 | $455.6M | $2.1B | ||
| Q1 25 | $462.1M | $2.0B | ||
| Q4 24 | $519.3M | $2.0B | ||
| Q3 24 | $412.8M | $2.0B | ||
| Q2 24 | $371.4M | $1.9B |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $18.9B | ||
| Q3 25 | $640.5M | $18.8B | ||
| Q2 25 | $567.4M | $18.6B | ||
| Q1 25 | $564.7M | $18.3B | ||
| Q4 24 | $626.7M | $18.2B | ||
| Q3 24 | $523.3M | $18.5B | ||
| Q2 24 | $479.3M | $18.5B |
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 | $243.9M |
| Free Cash FlowOCF − Capex | — | $232.0M |
| FCF MarginFCF / Revenue | — | 113.6% |
| Capex IntensityCapex / Revenue | — | 5.9% |
| Cash ConversionOCF / Net Profit | 0.81× | 4.21× |
| TTM Free Cash FlowTrailing 4 quarters | — | $409.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $243.9M | ||
| Q3 25 | $86.0M | $66.2M | ||
| Q2 25 | $52.6M | $37.6M | ||
| Q1 25 | $38.5M | $82.4M | ||
| Q4 24 | $36.6M | $116.9M | ||
| Q3 24 | $57.8M | $59.5M | ||
| Q2 24 | $50.9M | $16.7M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $232.0M | ||
| Q3 25 | $84.7M | $62.7M | ||
| Q2 25 | $52.4M | $34.5M | ||
| Q1 25 | $38.2M | $80.6M | ||
| Q4 24 | $36.4M | $93.4M | ||
| Q3 24 | $57.4M | $51.2M | ||
| Q2 24 | $50.8M | $10.5M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 113.6% | ||
| Q3 25 | 34.0% | 31.0% | ||
| Q2 25 | 22.2% | 17.4% | ||
| Q1 25 | 17.6% | 41.4% | ||
| Q4 24 | 17.9% | 60.0% | ||
| Q3 24 | 27.9% | 26.7% | ||
| Q2 24 | 25.8% | 7.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 5.9% | ||
| Q3 25 | 0.5% | 1.8% | ||
| Q2 25 | 0.1% | 1.6% | ||
| Q1 25 | 0.1% | 0.9% | ||
| Q4 24 | 0.1% | 15.1% | ||
| Q3 24 | 0.2% | 4.3% | ||
| Q2 24 | 0.0% | 4.4% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 4.21× | ||
| Q3 25 | 2.56× | 1.17× | ||
| Q2 25 | 1.46× | 0.67× | ||
| Q1 25 | 1.23× | 1.54× | ||
| Q4 24 | 0.36× | 2.08× | ||
| Q3 24 | 1.75× | 1.16× | ||
| Q2 24 | 1.71× | 0.23× |
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% |
TRMK
Segment breakdown not available.
