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Side-by-side financial comparison of APPFOLIO INC (APPF) and CVR PARTNERS, LP (UAN). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $180.0M, roughly 1.5× CVR PARTNERS, LP). CVR PARTNERS, LP runs the higher net margin — 27.7% vs 16.2%, a 11.5% gap on every dollar of revenue. On growth, CVR PARTNERS, LP posted the faster year-over-year revenue change (26.0% vs 20.4%). Over the past eight quarters, CVR PARTNERS, LP's revenue compounded faster (16.4% CAGR vs 15.3%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
CVR Partners, LP is a leading North American producer of nitrogen-based fertilizer products, primarily urea ammonium nitrate (UAN) and ammonia. It serves agricultural, industrial and commercial markets across the U.S. and Canada, delivering cost-effective, high-quality nutrient solutions for crop production and diverse industrial use cases.
APPF vs UAN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $180.0M |
| Net Profit | $42.4M | $49.9M |
| Gross Margin | — | 37.5% |
| Operating Margin | 19.4% | 32.0% |
| Net Margin | 16.2% | 27.7% |
| Revenue YoY | 20.4% | 26.0% |
| Net Profit YoY | 35.2% | 84.3% |
| EPS (diluted) | $1.18 | — |
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 | $180.0M | ||
| Q4 25 | $248.2M | $131.1M | ||
| Q3 25 | $249.4M | $163.5M | ||
| Q2 25 | $235.6M | $168.6M | ||
| Q1 25 | $217.7M | $142.9M | ||
| Q4 24 | $203.7M | $139.6M | ||
| Q3 24 | $205.7M | $125.2M | ||
| Q2 24 | $197.4M | $132.9M |
| Q1 26 | $42.4M | $49.9M | ||
| Q4 25 | $39.9M | $-10.3M | ||
| Q3 25 | $33.6M | $43.1M | ||
| Q2 25 | $36.0M | $38.8M | ||
| Q1 25 | $31.4M | $27.1M | ||
| Q4 24 | $102.7M | $18.3M | ||
| Q3 24 | $33.0M | $3.8M | ||
| Q2 24 | $29.7M | $26.2M |
| Q1 26 | — | 37.5% | ||
| Q4 25 | — | 4.4% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 32.4% | ||
| Q1 25 | — | 29.7% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 14.7% | ||
| Q2 24 | — | 30.0% |
| Q1 26 | 19.4% | 32.0% | ||
| Q4 25 | 17.6% | -2.2% | ||
| Q3 25 | 14.1% | 31.0% | ||
| Q2 25 | 17.2% | 27.5% | ||
| Q1 25 | 15.5% | 24.2% | ||
| Q4 24 | 11.3% | 18.4% | ||
| Q3 24 | 20.7% | 8.8% | ||
| Q2 24 | 18.3% | 25.3% |
| Q1 26 | 16.2% | 27.7% | ||
| Q4 25 | 16.1% | -7.8% | ||
| Q3 25 | 13.5% | 26.3% | ||
| Q2 25 | 15.3% | 23.0% | ||
| Q1 25 | 14.4% | 19.0% | ||
| Q4 24 | 50.4% | 13.1% | ||
| Q3 24 | 16.0% | 3.0% | ||
| Q2 24 | 15.0% | 19.7% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $-0.98 | ||
| Q3 25 | $0.93 | $4.08 | ||
| Q2 25 | $0.99 | $3.67 | ||
| Q1 25 | $0.86 | $2.56 | ||
| Q4 24 | $2.79 | $1.73 | ||
| Q3 24 | $0.90 | $0.36 | ||
| Q2 24 | $0.81 | $2.48 |
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 | $128.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | — |
| Total Assets | $580.6M | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | $128.1M | ||
| Q4 25 | $107.0M | $69.2M | ||
| Q3 25 | $76.1M | $156.2M | ||
| Q2 25 | $73.5M | $114.4M | ||
| Q1 25 | $56.9M | $121.8M | ||
| Q4 24 | $42.5M | $90.9M | ||
| Q3 24 | $62.4M | $110.5M | ||
| Q2 24 | $59.6M | $47.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $569.1M | ||
| Q3 25 | — | $569.1M | ||
| Q2 25 | — | $569.2M | ||
| Q1 25 | — | $569.3M | ||
| Q4 24 | — | $568.0M | ||
| Q3 24 | — | $547.7M | ||
| Q2 24 | — | $547.6M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | — | ||
| Q3 25 | $498.9M | — | ||
| Q2 25 | $455.6M | — | ||
| Q1 25 | $462.1M | — | ||
| Q4 24 | $519.3M | — | ||
| Q3 24 | $412.8M | — | ||
| Q2 24 | $371.4M | — |
| Q1 26 | $580.6M | $1.0B | ||
| Q4 25 | $689.0M | $969.5M | ||
| Q3 25 | $640.5M | $1.0B | ||
| Q2 25 | $567.4M | $998.0M | ||
| Q1 25 | $564.7M | $1.0B | ||
| Q4 24 | $626.7M | $1.0B | ||
| Q3 24 | $523.3M | $986.6M | ||
| Q2 24 | $479.3M | $959.4M |
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 | — | 7.6% |
| 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 | $-21.6M | ||
| Q3 25 | $86.0M | $91.7M | ||
| Q2 25 | $52.6M | $24.1M | ||
| Q1 25 | $38.5M | $55.4M | ||
| Q4 24 | $36.6M | $12.8M | ||
| Q3 24 | $57.8M | $86.7M | ||
| Q2 24 | $50.9M | $8.6M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $-45.2M | ||
| Q3 25 | $84.7M | $80.1M | ||
| Q2 25 | $52.4M | $18.4M | ||
| Q1 25 | $38.2M | $45.5M | ||
| Q4 24 | $36.4M | $-5.6M | ||
| Q3 24 | $57.4M | $82.3M | ||
| Q2 24 | $50.8M | $2.4M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | -34.5% | ||
| Q3 25 | 34.0% | 49.0% | ||
| Q2 25 | 22.2% | 10.9% | ||
| Q1 25 | 17.6% | 31.9% | ||
| Q4 24 | 17.9% | -4.0% | ||
| Q3 24 | 27.9% | 65.7% | ||
| Q2 24 | 25.8% | 1.8% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 0.5% | 18.0% | ||
| Q3 25 | 0.5% | 7.1% | ||
| Q2 25 | 0.1% | 3.4% | ||
| Q1 25 | 0.1% | 6.9% | ||
| Q4 24 | 0.1% | 13.1% | ||
| Q3 24 | 0.2% | 3.6% | ||
| Q2 24 | 0.0% | 4.6% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | 2.13× | ||
| Q2 25 | 1.46× | 0.62× | ||
| Q1 25 | 1.23× | 2.04× | ||
| Q4 24 | 0.36× | 0.70× | ||
| Q3 24 | 1.75× | 22.78× | ||
| Q2 24 | 1.71× | 0.33× |
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% |
UAN
| Fertilizer sales | $166.1M | 92% |
| Other | $14.0M | 8% |
