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Side-by-side financial comparison of APPIAN CORP (APPN) and Commercial Vehicle Group, Inc. (CVGI). Click either name above to swap in a different company.
APPIAN CORP is the larger business by last-quarter revenue ($202.9M vs $154.8M, roughly 1.3× Commercial Vehicle Group, Inc.). On growth, APPIAN CORP posted the faster year-over-year revenue change (21.7% vs -5.2%). Commercial Vehicle Group, Inc. produced more free cash flow last quarter ($8.7M vs $270.0K). Over the past eight quarters, APPIAN CORP's revenue compounded faster (16.4% CAGR vs -10.8%).
Appian Corporation is an American cloud computing and enterprise software company headquartered in McLean, Virginia, part of the Dulles Technology Corridor. The company sells a platform as a service (PaaS) for building enterprise software applications. It is focused on low-code development, process mining, business process management, and case management markets in North America, Europe, the Middle East and Southeast Asia.
WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...
APPN vs CVGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $154.8M |
| Net Profit | $-5.1M | — |
| Gross Margin | 64.8% | 9.7% |
| Operating Margin | -0.3% | -1.2% |
| Net Margin | -2.5% | — |
| Revenue YoY | 21.7% | -5.2% |
| Net Profit YoY | 62.6% | — |
| EPS (diluted) | $-0.06 | — |
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.
| Q4 25 | $202.9M | $154.8M | ||
| Q3 25 | $187.0M | $152.5M | ||
| Q2 25 | $170.6M | $172.0M | ||
| Q1 25 | $166.4M | $169.8M | ||
| Q4 24 | $166.7M | $163.3M | ||
| Q3 24 | $154.1M | $171.8M | ||
| Q2 24 | $146.4M | $193.7M | ||
| Q1 24 | $149.8M | $194.6M |
| Q4 25 | $-5.1M | — | ||
| Q3 25 | $7.8M | $-7.1M | ||
| Q2 25 | $-312.0K | $-4.8M | ||
| Q1 25 | $-1.2M | $-4.3M | ||
| Q4 24 | $-13.6M | — | ||
| Q3 24 | $-2.1M | $9.5M | ||
| Q2 24 | $-43.6M | $-1.6M | ||
| Q1 24 | $-32.9M | $2.9M |
| Q4 25 | 64.8% | 9.7% | ||
| Q3 25 | 75.8% | 10.5% | ||
| Q2 25 | 74.3% | 11.4% | ||
| Q1 25 | 76.6% | 10.5% | ||
| Q4 24 | 67.8% | 8.0% | ||
| Q3 24 | 75.9% | 9.6% | ||
| Q2 24 | 73.1% | 10.6% | ||
| Q1 24 | 74.6% | 11.9% |
| Q4 25 | -0.3% | -1.2% | ||
| Q3 25 | 7.0% | -0.7% | ||
| Q2 25 | -6.4% | 0.5% | ||
| Q1 25 | -0.5% | 0.8% | ||
| Q4 24 | 3.0% | -3.2% | ||
| Q3 24 | -4.6% | -0.6% | ||
| Q2 24 | -26.8% | 0.5% | ||
| Q1 24 | -13.0% | 2.3% |
| Q4 25 | -2.5% | — | ||
| Q3 25 | 4.2% | -4.6% | ||
| Q2 25 | -0.2% | -2.8% | ||
| Q1 25 | -0.7% | -2.5% | ||
| Q4 24 | -8.2% | — | ||
| Q3 24 | -1.4% | 5.5% | ||
| Q2 24 | -29.8% | -0.8% | ||
| Q1 24 | -22.0% | 1.5% |
| Q4 25 | $-0.06 | — | ||
| Q3 25 | $0.10 | — | ||
| Q2 25 | $0.00 | — | ||
| Q1 25 | $-0.02 | — | ||
| Q4 24 | $-0.18 | — | ||
| Q3 24 | $-0.03 | — | ||
| Q2 24 | $-0.60 | $-0.05 | ||
| Q1 24 | $-0.45 | $0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $187.2M | — |
| Total DebtLower is stronger | $240.8M | $104.9M |
| Stockholders' EquityBook value | $-47.0M | $133.4M |
| Total Assets | $691.4M | $391.7M |
| Debt / EquityLower = less leverage | — | 0.79× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | — | ||
| Q3 25 | $191.6M | — | ||
| Q2 25 | $184.8M | — | ||
| Q1 25 | $199.7M | — | ||
| Q4 24 | $159.9M | — | ||
| Q3 24 | $99.2M | — | ||
| Q2 24 | $120.8M | — | ||
| Q1 24 | $170.1M | — |
| Q4 25 | $240.8M | $104.9M | ||
| Q3 25 | $245.7M | $108.2M | ||
| Q2 25 | $245.6M | $118.2M | ||
| Q1 25 | $248.0M | $117.4M | ||
| Q4 24 | $250.4M | $135.5M | ||
| Q3 24 | $252.8M | $128.8M | ||
| Q2 24 | $254.0M | $142.0M | ||
| Q1 24 | $255.1M | $155.7M |
| Q4 25 | $-47.0M | $133.4M | ||
| Q3 25 | $-48.5M | $136.5M | ||
| Q2 25 | $-53.7M | $142.6M | ||
| Q1 25 | $-31.7M | $136.7M | ||
| Q4 24 | $-32.6M | $135.6M | ||
| Q3 24 | $-49.8M | $179.3M | ||
| Q2 24 | $-45.7M | $169.6M | ||
| Q1 24 | $-9.7M | $175.5M |
| Q4 25 | $691.4M | $391.7M | ||
| Q3 25 | $611.7M | $400.3M | ||
| Q2 25 | $590.7M | $429.8M | ||
| Q1 25 | $592.9M | $419.8M | ||
| Q4 24 | $621.0M | $424.6M | ||
| Q3 24 | $549.9M | $495.3M | ||
| Q2 24 | $554.6M | $503.2M | ||
| Q1 24 | $595.4M | $509.2M |
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 0.79× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 1.00× | ||
| Q3 24 | — | 0.72× | ||
| Q2 24 | — | 0.84× | ||
| Q1 24 | — | 0.89× |
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 | $1.1M | $12.3M |
| Free Cash FlowOCF − Capex | $270.0K | $8.7M |
| FCF MarginFCF / Revenue | 0.1% | 5.6% |
| Capex IntensityCapex / Revenue | 0.4% | 2.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $34.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1M | $12.3M | ||
| Q3 25 | $18.7M | $-1.7M | ||
| Q2 25 | $-1.9M | $18.9M | ||
| Q1 25 | $45.0M | $15.2M | ||
| Q4 24 | $13.9M | $-26.6M | ||
| Q3 24 | $-8.2M | $-17.1M | ||
| Q2 24 | $-17.6M | $12.6M | ||
| Q1 24 | $18.9M | $-2.4M |
| Q4 25 | $270.0K | $8.7M | ||
| Q3 25 | $18.1M | $-3.5M | ||
| Q2 25 | $-3.1M | $17.4M | ||
| Q1 25 | $44.3M | $11.4M | ||
| Q4 24 | $13.4M | $-30.6M | ||
| Q3 24 | $-8.6M | $-20.3M | ||
| Q2 24 | $-18.3M | $6.4M | ||
| Q1 24 | $16.7M | $-7.4M |
| Q4 25 | 0.1% | 5.6% | ||
| Q3 25 | 9.7% | -2.3% | ||
| Q2 25 | -1.8% | 10.1% | ||
| Q1 25 | 26.6% | 6.7% | ||
| Q4 24 | 8.0% | -18.7% | ||
| Q3 24 | -5.6% | -11.8% | ||
| Q2 24 | -12.5% | 3.3% | ||
| Q1 24 | 11.1% | -3.8% |
| Q4 25 | 0.4% | 2.3% | ||
| Q3 25 | 0.3% | 1.2% | ||
| Q2 25 | 0.7% | 0.9% | ||
| Q1 25 | 0.4% | 2.2% | ||
| Q4 24 | 0.3% | 2.4% | ||
| Q3 24 | 0.2% | 1.9% | ||
| Q2 24 | 0.5% | 3.2% | ||
| Q1 24 | 1.5% | 2.6% |
| Q4 25 | — | — | ||
| Q3 25 | 2.39× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -1.79× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.80× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APPN
| Subscriptions Software And Support | $162.3M | 80% |
| Professional Services | $40.6M | 20% |
CVGI
| Global Seating | $70.7M | 46% |
| Global Electrical Systems | $49.7M | 32% |
| Trim Systems And Components | $34.4M | 22% |
