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Side-by-side financial comparison of APPIAN CORP (APPN) and ESCO TECHNOLOGIES INC (ESE). Click either name above to swap in a different company.
ESCO TECHNOLOGIES INC is the larger business by last-quarter revenue ($289.7M vs $202.9M, roughly 1.4× APPIAN CORP). ESCO TECHNOLOGIES INC runs the higher net margin — 9.9% vs -2.5%, a 12.4% gap on every dollar of revenue. On growth, APPIAN CORP posted the faster year-over-year revenue change (21.7% vs 17.3%). ESCO TECHNOLOGIES INC produced more free cash flow last quarter ($63.0M vs $270.0K). Over the past eight quarters, APPIAN CORP's revenue compounded faster (16.4% CAGR vs 7.8%).
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.
Esco is a Singaporean brand that develops, manufactures, and sells products and services for laboratories.
APPN vs ESE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $289.7M |
| Net Profit | $-5.1M | $28.7M |
| Gross Margin | 64.8% | 41.4% |
| Operating Margin | -0.3% | 13.2% |
| Net Margin | -2.5% | 9.9% |
| Revenue YoY | 21.7% | 17.3% |
| Net Profit YoY | 62.6% | 22.2% |
| EPS (diluted) | $-0.06 | $1.11 |
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 | $289.7M | ||
| Q3 25 | $187.0M | $286.5M | ||
| Q2 25 | $170.6M | $296.3M | ||
| Q1 25 | $166.4M | $265.5M | ||
| Q4 24 | $166.7M | $247.0M | ||
| Q3 24 | $154.1M | $298.5M | ||
| Q2 24 | $146.4M | $260.8M | ||
| Q1 24 | $149.8M | $249.1M |
| Q4 25 | $-5.1M | $28.7M | ||
| Q3 25 | $7.8M | $218.7M | ||
| Q2 25 | $-312.0K | $26.1M | ||
| Q1 25 | $-1.2M | $31.0M | ||
| Q4 24 | $-13.6M | $23.5M | ||
| Q3 24 | $-2.1M | $34.3M | ||
| Q2 24 | $-43.6M | $29.2M | ||
| Q1 24 | $-32.9M | $23.2M |
| Q4 25 | 64.8% | 41.4% | ||
| Q3 25 | 75.8% | 45.9% | ||
| Q2 25 | 74.3% | 41.2% | ||
| Q1 25 | 76.6% | 41.1% | ||
| Q4 24 | 67.8% | 39.8% | ||
| Q3 24 | 75.9% | 40.1% | ||
| Q2 24 | 73.1% | 39.6% | ||
| Q1 24 | 74.6% | 38.8% |
| Q4 25 | -0.3% | 13.2% | ||
| Q3 25 | 7.0% | 17.2% | ||
| Q2 25 | -6.4% | 11.2% | ||
| Q1 25 | -0.5% | 15.3% | ||
| Q4 24 | 3.0% | 11.4% | ||
| Q3 24 | -4.6% | 14.8% | ||
| Q2 24 | -26.8% | 14.3% | ||
| Q1 24 | -13.0% | 11.7% |
| Q4 25 | -2.5% | 9.9% | ||
| Q3 25 | 4.2% | 76.3% | ||
| Q2 25 | -0.2% | 8.8% | ||
| Q1 25 | -0.7% | 11.7% | ||
| Q4 24 | -8.2% | 9.5% | ||
| Q3 24 | -1.4% | 11.5% | ||
| Q2 24 | -29.8% | 11.2% | ||
| Q1 24 | -22.0% | 9.3% |
| Q4 25 | $-0.06 | $1.11 | ||
| Q3 25 | $0.10 | $8.43 | ||
| Q2 25 | $0.00 | $1.01 | ||
| Q1 25 | $-0.02 | $1.20 | ||
| Q4 24 | $-0.18 | $0.91 | ||
| Q3 24 | $-0.03 | $1.32 | ||
| Q2 24 | $-0.60 | $1.13 | ||
| Q1 24 | $-0.45 | $0.90 |
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 | $103.8M |
| Total DebtLower is stronger | $240.8M | $145.5M |
| Stockholders' EquityBook value | $-47.0M | $1.6B |
| Total Assets | $691.4M | $2.4B |
| Debt / EquityLower = less leverage | — | 0.09× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $103.8M | ||
| Q3 25 | $191.6M | $101.3M | ||
| Q2 25 | $184.8M | $78.7M | ||
| Q1 25 | $199.7M | $57.4M | ||
| Q4 24 | $159.9M | $71.3M | ||
| Q3 24 | $99.2M | $66.0M | ||
| Q2 24 | $120.8M | $63.0M | ||
| Q1 24 | $170.1M | $59.4M |
| Q4 25 | $240.8M | $145.5M | ||
| Q3 25 | $245.7M | $186.0M | ||
| Q2 25 | $245.6M | $525.0M | ||
| Q1 25 | $248.0M | $88.0M | ||
| Q4 24 | $250.4M | $112.0M | ||
| Q3 24 | $252.8M | $122.0M | ||
| Q2 24 | $254.0M | $173.0M | ||
| Q1 24 | $255.1M | $191.0M |
| Q4 25 | $-47.0M | $1.6B | ||
| Q3 25 | $-48.5M | $1.5B | ||
| Q2 25 | $-53.7M | $1.3B | ||
| Q1 25 | $-31.7M | $1.3B | ||
| Q4 24 | $-32.6M | $1.2B | ||
| Q3 24 | $-49.8M | $1.2B | ||
| Q2 24 | $-45.7M | $1.2B | ||
| Q1 24 | $-9.7M | $1.2B |
| Q4 25 | $691.4M | $2.4B | ||
| Q3 25 | $611.7M | $2.4B | ||
| Q2 25 | $590.7M | $2.5B | ||
| Q1 25 | $592.9M | $1.8B | ||
| Q4 24 | $621.0M | $1.8B | ||
| Q3 24 | $549.9M | $1.8B | ||
| Q2 24 | $554.6M | $1.8B | ||
| Q1 24 | $595.4M | $1.8B |
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.09× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.16× |
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 | $68.9M |
| Free Cash FlowOCF − Capex | $270.0K | $63.0M |
| FCF MarginFCF / Revenue | 0.1% | 21.7% |
| Capex IntensityCapex / Revenue | 0.4% | 2.0% |
| Cash ConversionOCF / Net Profit | — | 2.40× |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $239.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1M | $68.9M | ||
| Q3 25 | $18.7M | $109.9M | ||
| Q2 25 | $-1.9M | $73.7M | ||
| Q1 25 | $45.0M | $24.1M | ||
| Q4 24 | $13.9M | $34.2M | ||
| Q3 24 | $-8.2M | $72.1M | ||
| Q2 24 | $-17.6M | $36.2M | ||
| Q1 24 | $18.9M | $10.5M |
| Q4 25 | $270.0K | $63.0M | ||
| Q3 25 | $18.1M | $97.8M | ||
| Q2 25 | $-3.1M | $64.9M | ||
| Q1 25 | $44.3M | $14.0M | ||
| Q4 24 | $13.4M | $29.0M | ||
| Q3 24 | $-8.6M | $60.9M | ||
| Q2 24 | $-18.3M | $27.6M | ||
| Q1 24 | $16.7M | $2.0M |
| Q4 25 | 0.1% | 21.7% | ||
| Q3 25 | 9.7% | 34.1% | ||
| Q2 25 | -1.8% | 21.9% | ||
| Q1 25 | 26.6% | 5.3% | ||
| Q4 24 | 8.0% | 11.7% | ||
| Q3 24 | -5.6% | 20.4% | ||
| Q2 24 | -12.5% | 10.6% | ||
| Q1 24 | 11.1% | 0.8% |
| Q4 25 | 0.4% | 2.0% | ||
| Q3 25 | 0.3% | 4.2% | ||
| Q2 25 | 0.7% | 3.0% | ||
| Q1 25 | 0.4% | 3.8% | ||
| Q4 24 | 0.3% | 2.1% | ||
| Q3 24 | 0.2% | 3.8% | ||
| Q2 24 | 0.5% | 3.3% | ||
| Q1 24 | 1.5% | 3.4% |
| Q4 25 | — | 2.40× | ||
| Q3 25 | 2.39× | 0.50× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 1.46× | ||
| Q3 24 | — | 2.10× | ||
| Q2 24 | — | 1.24× | ||
| Q1 24 | — | 0.45× |
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% |
ESE
| US Government | $98.0M | 34% |
| Utility Solutions Group | $87.5M | 30% |
| RF Shielding And Test | $58.3M | 20% |
| Commercial | $45.8M | 16% |
| Related Party | $1.3M | 0% |
