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Side-by-side financial comparison of APPFOLIO INC (APPF) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
Bristow Group Inc. is the larger business by last-quarter revenue ($377.3M vs $262.2M, roughly 1.4× APPFOLIO INC). APPFOLIO INC runs the higher net margin — 16.2% vs 4.9%, a 11.3% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 6.7%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 5.8%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.
APPF vs VTOL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $377.3M |
| Net Profit | $42.4M | $18.4M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | 8.5% |
| Net Margin | 16.2% | 4.9% |
| Revenue YoY | 20.4% | 6.7% |
| Net Profit YoY | 35.2% | -42.1% |
| EPS (diluted) | $1.18 | $0.61 |
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 | $377.3M | ||
| Q3 25 | $249.4M | $386.3M | ||
| Q2 25 | $235.6M | $376.4M | ||
| Q1 25 | $217.7M | $350.5M | ||
| Q4 24 | $203.7M | $353.5M | ||
| Q3 24 | $205.7M | $365.1M | ||
| Q2 24 | $197.4M | $359.7M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $18.4M | ||
| Q3 25 | $33.6M | $51.5M | ||
| Q2 25 | $36.0M | $31.7M | ||
| Q1 25 | $31.4M | $27.4M | ||
| Q4 24 | $102.7M | $31.8M | ||
| Q3 24 | $33.0M | $28.2M | ||
| Q2 24 | $29.7M | $28.2M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 8.5% | ||
| Q3 25 | 14.1% | 13.1% | ||
| Q2 25 | 17.2% | 11.3% | ||
| Q1 25 | 15.5% | 9.6% | ||
| Q4 24 | 11.3% | 9.0% | ||
| Q3 24 | 20.7% | 9.1% | ||
| Q2 24 | 18.3% | 12.4% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 4.9% | ||
| Q3 25 | 13.5% | 13.3% | ||
| Q2 25 | 15.3% | 8.4% | ||
| Q1 25 | 14.4% | 7.8% | ||
| Q4 24 | 50.4% | 9.0% | ||
| Q3 24 | 16.0% | 7.7% | ||
| Q2 24 | 15.0% | 7.8% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.61 | ||
| Q3 25 | $0.93 | $1.72 | ||
| Q2 25 | $0.99 | $1.07 | ||
| Q1 25 | $0.86 | $0.92 | ||
| Q4 24 | $2.79 | $1.07 | ||
| Q3 24 | $0.90 | $0.95 | ||
| Q2 24 | $0.81 | $0.96 |
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 | $286.2M |
| Total DebtLower is stronger | — | $671.5M |
| Stockholders' EquityBook value | $470.2M | $1.1B |
| Total Assets | $580.6M | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $286.2M | ||
| Q3 25 | $76.1M | $245.5M | ||
| Q2 25 | $73.5M | $251.8M | ||
| Q1 25 | $56.9M | $191.1M | ||
| Q4 24 | $42.5M | $247.5M | ||
| Q3 24 | $62.4M | $200.3M | ||
| Q2 24 | $59.6M | $178.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $671.5M | ||
| Q3 25 | — | $675.0M | ||
| Q2 25 | — | $705.2M | ||
| Q1 25 | — | $701.9M | ||
| Q4 24 | — | $689.8M | ||
| Q3 24 | — | $629.1M | ||
| Q2 24 | — | $594.2M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $1.1B | ||
| Q3 25 | $498.9M | $1.0B | ||
| Q2 25 | $455.6M | $984.4M | ||
| Q1 25 | $462.1M | $931.7M | ||
| Q4 24 | $519.3M | $891.7M | ||
| Q3 24 | $412.8M | $899.2M | ||
| Q2 24 | $371.4M | $849.1M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $2.3B | ||
| Q3 25 | $640.5M | $2.3B | ||
| Q2 25 | $567.4M | $2.3B | ||
| Q1 25 | $564.7M | $2.2B | ||
| Q4 24 | $626.7M | $2.1B | ||
| Q3 24 | $523.3M | $2.1B | ||
| Q2 24 | $479.3M | $2.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 0.77× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.70× |
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 | $76.9M |
| Free Cash FlowOCF − Capex | — | $47.8M |
| FCF MarginFCF / Revenue | — | 12.7% |
| Capex IntensityCapex / Revenue | — | 7.7% |
| Cash ConversionOCF / Net Profit | 0.81× | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | — | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $76.9M | ||
| Q3 25 | $86.0M | $23.1M | ||
| Q2 25 | $52.6M | $99.0M | ||
| Q1 25 | $38.5M | $-603.0K | ||
| Q4 24 | $36.6M | $51.1M | ||
| Q3 24 | $57.8M | $66.0M | ||
| Q2 24 | $50.9M | $33.7M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $47.8M | ||
| Q3 25 | $84.7M | $-6.2M | ||
| Q2 25 | $52.4M | $67.4M | ||
| Q1 25 | $38.2M | $-52.7M | ||
| Q4 24 | $36.4M | $-32.4M | ||
| Q3 24 | $57.4M | $9.0M | ||
| Q2 24 | $50.8M | $-16.7M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 12.7% | ||
| Q3 25 | 34.0% | -1.6% | ||
| Q2 25 | 22.2% | 17.9% | ||
| Q1 25 | 17.6% | -15.0% | ||
| Q4 24 | 17.9% | -9.2% | ||
| Q3 24 | 27.9% | 2.5% | ||
| Q2 24 | 25.8% | -4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 7.7% | ||
| Q3 25 | 0.5% | 7.6% | ||
| Q2 25 | 0.1% | 8.4% | ||
| Q1 25 | 0.1% | 14.9% | ||
| Q4 24 | 0.1% | 23.6% | ||
| Q3 24 | 0.2% | 15.6% | ||
| Q2 24 | 0.0% | 14.0% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 4.17× | ||
| Q3 25 | 2.56× | 0.45× | ||
| Q2 25 | 1.46× | 3.12× | ||
| Q1 25 | 1.23× | -0.02× | ||
| Q4 24 | 0.36× | 1.61× | ||
| Q3 24 | 1.75× | 2.34× | ||
| Q2 24 | 1.71× | 1.20× |
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% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
