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Side-by-side financial comparison of APPFOLIO INC (APPF) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.
OLYMPIC STEEL INC is the larger business by last-quarter revenue ($490.7M vs $262.2M, roughly 1.9× APPFOLIO INC). APPFOLIO INC runs the higher net margin — 16.2% vs 0.4%, a 15.7% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 4.4%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 0.1%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
APPF vs ZEUS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $490.7M |
| Net Profit | $42.4M | $2.2M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | 1.5% |
| Net Margin | 16.2% | 0.4% |
| Revenue YoY | 20.4% | 4.4% |
| Net Profit YoY | 35.2% | -21.2% |
| EPS (diluted) | $1.18 | $0.18 |
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 | — | ||
| Q4 25 | $248.2M | — | ||
| Q3 25 | $249.4M | $490.7M | ||
| Q2 25 | $235.6M | $496.5M | ||
| Q1 25 | $217.7M | $492.9M | ||
| Q4 24 | $203.7M | $418.8M | ||
| Q3 24 | $205.7M | $470.0M | ||
| Q2 24 | $197.4M | $526.3M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | — | ||
| Q3 25 | $33.6M | $2.2M | ||
| Q2 25 | $36.0M | $5.2M | ||
| Q1 25 | $31.4M | $2.5M | ||
| Q4 24 | $102.7M | $3.9M | ||
| Q3 24 | $33.0M | $2.7M | ||
| Q2 24 | $29.7M | $7.7M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | — | ||
| Q3 25 | 14.1% | 1.5% | ||
| Q2 25 | 17.2% | 2.3% | ||
| Q1 25 | 15.5% | 1.6% | ||
| Q4 24 | 11.3% | 2.1% | ||
| Q3 24 | 20.7% | 1.7% | ||
| Q2 24 | 18.3% | 2.9% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | — | ||
| Q3 25 | 13.5% | 0.4% | ||
| Q2 25 | 15.3% | 1.1% | ||
| Q1 25 | 14.4% | 0.5% | ||
| Q4 24 | 50.4% | 0.9% | ||
| Q3 24 | 16.0% | 0.6% | ||
| Q2 24 | 15.0% | 1.5% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | — | ||
| Q3 25 | $0.93 | $0.18 | ||
| Q2 25 | $0.99 | $0.45 | ||
| Q1 25 | $0.86 | $0.21 | ||
| Q4 24 | $2.79 | $0.33 | ||
| Q3 24 | $0.90 | $0.23 | ||
| Q2 24 | $0.81 | $0.66 |
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 | $7.5M |
| Total DebtLower is stronger | — | $240.9M |
| Stockholders' EquityBook value | $470.2M | $579.1M |
| Total Assets | $580.6M | $1.1B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | — | ||
| Q3 25 | $76.1M | $7.5M | ||
| Q2 25 | $73.5M | $14.8M | ||
| Q1 25 | $56.9M | $13.3M | ||
| Q4 24 | $42.5M | $11.9M | ||
| Q3 24 | $62.4M | $11.1M | ||
| Q2 24 | $59.6M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $240.9M | ||
| Q2 25 | — | $233.2M | ||
| Q1 25 | — | $235.4M | ||
| Q4 24 | — | $272.5M | ||
| Q3 24 | — | $197.3M | ||
| Q2 24 | — | $209.2M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | — | ||
| Q3 25 | $498.9M | $579.1M | ||
| Q2 25 | $455.6M | $578.2M | ||
| Q1 25 | $462.1M | $574.2M | ||
| Q4 24 | $519.3M | $573.9M | ||
| Q3 24 | $412.8M | $570.6M | ||
| Q2 24 | $371.4M | $569.5M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | — | ||
| Q3 25 | $640.5M | $1.1B | ||
| Q2 25 | $567.4M | $1.1B | ||
| Q1 25 | $564.7M | $1.1B | ||
| Q4 24 | $626.7M | $1.0B | ||
| Q3 24 | $523.3M | $1.0B | ||
| Q2 24 | $479.3M | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.37× |
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 | $-5.4M |
| Free Cash FlowOCF − Capex | — | $-12.9M |
| FCF MarginFCF / Revenue | — | -2.6% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 0.81× | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | — | ||
| Q3 25 | $86.0M | $-5.4M | ||
| Q2 25 | $52.6M | $15.5M | ||
| Q1 25 | $38.5M | $49.4M | ||
| Q4 24 | $36.6M | $14.6M | ||
| Q3 24 | $57.8M | $24.6M | ||
| Q2 24 | $50.9M | $-2.9M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | — | ||
| Q3 25 | $84.7M | $-12.9M | ||
| Q2 25 | $52.4M | $6.8M | ||
| Q1 25 | $38.2M | $40.6M | ||
| Q4 24 | $36.4M | $7.4M | ||
| Q3 24 | $57.4M | $15.6M | ||
| Q2 24 | $50.8M | $-11.3M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | — | ||
| Q3 25 | 34.0% | -2.6% | ||
| Q2 25 | 22.2% | 1.4% | ||
| Q1 25 | 17.6% | 8.2% | ||
| Q4 24 | 17.9% | 1.8% | ||
| Q3 24 | 27.9% | 3.3% | ||
| Q2 24 | 25.8% | -2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.5% | 1.5% | ||
| Q2 25 | 0.1% | 1.7% | ||
| Q1 25 | 0.1% | 1.8% | ||
| Q4 24 | 0.1% | 1.7% | ||
| Q3 24 | 0.2% | 1.9% | ||
| Q2 24 | 0.0% | 1.6% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | -2.50× | ||
| Q2 25 | 1.46× | 2.96× | ||
| Q1 25 | 1.23× | 19.70× | ||
| Q4 24 | 0.36× | 3.75× | ||
| Q3 24 | 1.75× | 9.01× | ||
| Q2 24 | 1.71× | -0.38× |
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% |
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
