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Side-by-side financial comparison of APPFOLIO INC (APPF) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $213.6M, roughly 1.2× Vital Farms, Inc.). APPFOLIO INC runs the higher net margin — 16.2% vs 7.6%, a 8.5% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 20.4%). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
APPF vs VITL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $213.6M |
| Net Profit | $42.4M | $16.3M |
| Gross Margin | — | 35.8% |
| Operating Margin | 19.4% | 10.0% |
| Net Margin | 16.2% | 7.6% |
| Revenue YoY | 20.4% | 28.7% |
| Net Profit YoY | 35.2% | 54.3% |
| EPS (diluted) | $1.18 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $249.4M | $198.9M | ||
| Q2 25 | $235.6M | $184.8M | ||
| Q1 25 | $217.7M | $162.2M | ||
| Q4 24 | $203.7M | $166.0M | ||
| Q3 24 | $205.7M | $145.0M | ||
| Q2 24 | $197.4M | $147.4M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $16.3M | ||
| Q3 25 | $33.6M | $16.4M | ||
| Q2 25 | $36.0M | $16.6M | ||
| Q1 25 | $31.4M | $16.9M | ||
| Q4 24 | $102.7M | $10.6M | ||
| Q3 24 | $33.0M | $7.4M | ||
| Q2 24 | $29.7M | $16.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.8% | ||
| Q3 25 | — | 37.7% | ||
| Q2 25 | — | 38.9% | ||
| Q1 25 | — | 38.5% | ||
| Q4 24 | — | 36.1% | ||
| Q3 24 | — | 36.9% | ||
| Q2 24 | — | 39.1% |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 10.0% | ||
| Q3 25 | 14.1% | 10.8% | ||
| Q2 25 | 17.2% | 12.9% | ||
| Q1 25 | 15.5% | 13.4% | ||
| Q4 24 | 11.3% | 7.8% | ||
| Q3 24 | 20.7% | 6.4% | ||
| Q2 24 | 18.3% | 11.6% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 7.6% | ||
| Q3 25 | 13.5% | 8.3% | ||
| Q2 25 | 15.3% | 9.0% | ||
| Q1 25 | 14.4% | 10.4% | ||
| Q4 24 | 50.4% | 6.4% | ||
| Q3 24 | 16.0% | 5.1% | ||
| Q2 24 | 15.0% | 11.1% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.35 | ||
| Q3 25 | $0.93 | $0.36 | ||
| Q2 25 | $0.99 | $0.36 | ||
| Q1 25 | $0.86 | $0.37 | ||
| Q4 24 | $2.79 | $0.23 | ||
| Q3 24 | $0.90 | $0.16 | ||
| Q2 24 | $0.81 | $0.36 |
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 | $48.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $351.3M |
| Total Assets | $580.6M | $518.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $48.8M | ||
| Q3 25 | $76.1M | $93.8M | ||
| Q2 25 | $73.5M | $108.2M | ||
| Q1 25 | $56.9M | $156.3M | ||
| Q4 24 | $42.5M | $150.6M | ||
| Q3 24 | $62.4M | $149.5M | ||
| Q2 24 | $59.6M | $133.2M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $351.3M | ||
| Q3 25 | $498.9M | $331.2M | ||
| Q2 25 | $455.6M | $309.8M | ||
| Q1 25 | $462.1M | $288.9M | ||
| Q4 24 | $519.3M | $269.3M | ||
| Q3 24 | $412.8M | $253.4M | ||
| Q2 24 | $371.4M | $238.4M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $518.7M | ||
| Q3 25 | $640.5M | $481.5M | ||
| Q2 25 | $567.4M | $430.8M | ||
| Q1 25 | $564.7M | $376.9M | ||
| Q4 24 | $626.7M | $359.3M | ||
| Q3 24 | $523.3M | $344.7M | ||
| Q2 24 | $479.3M | $320.5M |
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 | $5.8M |
| Free Cash FlowOCF − Capex | — | $-32.1M |
| FCF MarginFCF / Revenue | — | -15.1% |
| Capex IntensityCapex / Revenue | — | 17.8% |
| Cash ConversionOCF / Net Profit | 0.81× | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $5.8M | ||
| Q3 25 | $86.0M | $23.4M | ||
| Q2 25 | $52.6M | $-761.0K | ||
| Q1 25 | $38.5M | $5.3M | ||
| Q4 24 | $36.6M | $14.8M | ||
| Q3 24 | $57.8M | $10.0M | ||
| Q2 24 | $50.9M | $16.1M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $-32.1M | ||
| Q3 25 | $84.7M | $-10.6M | ||
| Q2 25 | $52.4M | $-7.6M | ||
| Q1 25 | $38.2M | $2.1M | ||
| Q4 24 | $36.4M | $-3.4M | ||
| Q3 24 | $57.4M | $6.4M | ||
| Q2 24 | $50.8M | $10.5M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | -15.1% | ||
| Q3 25 | 34.0% | -5.3% | ||
| Q2 25 | 22.2% | -4.1% | ||
| Q1 25 | 17.6% | 1.3% | ||
| Q4 24 | 17.9% | -2.0% | ||
| Q3 24 | 27.9% | 4.4% | ||
| Q2 24 | 25.8% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 17.8% | ||
| Q3 25 | 0.5% | 17.1% | ||
| Q2 25 | 0.1% | 3.7% | ||
| Q1 25 | 0.1% | 1.9% | ||
| Q4 24 | 0.1% | 10.9% | ||
| Q3 24 | 0.2% | 2.5% | ||
| Q2 24 | 0.0% | 3.8% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 0.35× | ||
| Q3 25 | 2.56× | 1.43× | ||
| Q2 25 | 1.46× | -0.05× | ||
| Q1 25 | 1.23× | 0.31× | ||
| Q4 24 | 0.36× | 1.40× | ||
| Q3 24 | 1.75× | 1.34× | ||
| Q2 24 | 1.71× | 0.99× |
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% |
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
