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Side-by-side financial comparison of APPIAN CORP (APPN) and FIRST INTERSTATE BANCSYSTEM INC (FIBK). Click either name above to swap in a different company.
FIRST INTERSTATE BANCSYSTEM INC is the larger business by last-quarter revenue ($313.0M vs $202.9M, roughly 1.5× APPIAN CORP). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs -2.5%, a 37.3% gap on every dollar of revenue. On growth, APPIAN CORP posted the faster year-over-year revenue change (21.7% vs 19.8%). Over the past eight quarters, APPIAN CORP's revenue compounded faster (16.4% CAGR vs 13.7%).
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.
First Interstate BancSystem, Inc. is a financial holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank with locations throughout 14 states within the Western and Midwestern United States. It is the largest bank based in Montana, as measured by total assets.
APPN vs FIBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $313.0M |
| Net Profit | $-5.1M | $108.8M |
| Gross Margin | 64.8% | — |
| Operating Margin | -0.3% | 44.5% |
| Net Margin | -2.5% | 34.8% |
| Revenue YoY | 21.7% | 19.8% |
| Net Profit YoY | 62.6% | 108.8% |
| EPS (diluted) | $-0.06 | $1.07 |
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 | $313.0M | ||
| Q3 25 | $187.0M | $250.5M | ||
| Q2 25 | $170.6M | $248.3M | ||
| Q1 25 | $166.4M | $247.0M | ||
| Q4 24 | $166.7M | $261.3M | ||
| Q3 24 | $154.1M | $251.9M | ||
| Q2 24 | $146.4M | $244.3M | ||
| Q1 24 | $149.8M | $242.2M |
| Q4 25 | $-5.1M | $108.8M | ||
| Q3 25 | $7.8M | $71.4M | ||
| Q2 25 | $-312.0K | $71.7M | ||
| Q1 25 | $-1.2M | $50.2M | ||
| Q4 24 | $-13.6M | $52.1M | ||
| Q3 24 | $-2.1M | $55.5M | ||
| Q2 24 | $-43.6M | $60.0M | ||
| Q1 24 | $-32.9M | $58.4M |
| Q4 25 | 64.8% | — | ||
| Q3 25 | 75.8% | — | ||
| Q2 25 | 74.3% | — | ||
| Q1 25 | 76.6% | — | ||
| Q4 24 | 67.8% | — | ||
| Q3 24 | 75.9% | — | ||
| Q2 24 | 73.1% | — | ||
| Q1 24 | 74.6% | — |
| Q4 25 | -0.3% | 44.5% | ||
| Q3 25 | 7.0% | 37.0% | ||
| Q2 25 | -6.4% | 37.7% | ||
| Q1 25 | -0.5% | 26.9% | ||
| Q4 24 | 3.0% | 25.5% | ||
| Q3 24 | -4.6% | 28.9% | ||
| Q2 24 | -26.8% | 32.1% | ||
| Q1 24 | -13.0% | 31.7% |
| Q4 25 | -2.5% | 34.8% | ||
| Q3 25 | 4.2% | 28.5% | ||
| Q2 25 | -0.2% | 28.9% | ||
| Q1 25 | -0.7% | 20.3% | ||
| Q4 24 | -8.2% | 19.9% | ||
| Q3 24 | -1.4% | 22.0% | ||
| Q2 24 | -29.8% | 24.6% | ||
| Q1 24 | -22.0% | 24.1% |
| Q4 25 | $-0.06 | $1.07 | ||
| Q3 25 | $0.10 | $0.69 | ||
| Q2 25 | $0.00 | $0.69 | ||
| Q1 25 | $-0.02 | $0.49 | ||
| Q4 24 | $-0.18 | $0.50 | ||
| Q3 24 | $-0.03 | $0.54 | ||
| Q2 24 | $-0.60 | $0.58 | ||
| Q1 24 | $-0.45 | $0.57 |
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 | $146.3M |
| Stockholders' EquityBook value | $-47.0M | $3.4B |
| Total Assets | $691.4M | $26.6B |
| Debt / EquityLower = less leverage | — | 0.04× |
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 | $146.3M | ||
| Q3 25 | $245.7M | $146.2M | ||
| Q2 25 | $245.6M | $252.0M | ||
| Q1 25 | $248.0M | — | ||
| Q4 24 | $250.4M | $132.2M | ||
| Q3 24 | $252.8M | $137.3M | ||
| Q2 24 | $254.0M | $383.4M | ||
| Q1 24 | $255.1M | $370.8M |
| Q4 25 | $-47.0M | $3.4B | ||
| Q3 25 | $-48.5M | $3.4B | ||
| Q2 25 | $-53.7M | $3.4B | ||
| Q1 25 | $-31.7M | $3.4B | ||
| Q4 24 | $-32.6M | $3.3B | ||
| Q3 24 | $-49.8M | $3.4B | ||
| Q2 24 | $-45.7M | $3.2B | ||
| Q1 24 | $-9.7M | $3.2B |
| Q4 25 | $691.4M | $26.6B | ||
| Q3 25 | $611.7M | $27.3B | ||
| Q2 25 | $590.7M | $27.6B | ||
| Q1 25 | $592.9M | $28.3B | ||
| Q4 24 | $621.0M | $29.1B | ||
| Q3 24 | $549.9M | $29.6B | ||
| Q2 24 | $554.6M | $30.3B | ||
| Q1 24 | $595.4M | $30.1B |
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
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 | $305.6M |
| Free Cash FlowOCF − Capex | $270.0K | — |
| FCF MarginFCF / Revenue | 0.1% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1M | $305.6M | ||
| Q3 25 | $18.7M | $91.7M | ||
| Q2 25 | $-1.9M | $68.1M | ||
| Q1 25 | $45.0M | $78.5M | ||
| Q4 24 | $13.9M | $355.0M | ||
| Q3 24 | $-8.2M | $89.9M | ||
| Q2 24 | $-17.6M | $82.3M | ||
| Q1 24 | $18.9M | $87.6M |
| Q4 25 | $270.0K | — | ||
| Q3 25 | $18.1M | — | ||
| Q2 25 | $-3.1M | — | ||
| Q1 25 | $44.3M | — | ||
| Q4 24 | $13.4M | — | ||
| Q3 24 | $-8.6M | — | ||
| Q2 24 | $-18.3M | — | ||
| Q1 24 | $16.7M | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 9.7% | — | ||
| Q2 25 | -1.8% | — | ||
| Q1 25 | 26.6% | — | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | -5.6% | — | ||
| Q2 24 | -12.5% | — | ||
| Q1 24 | 11.1% | — |
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 1.5% | — |
| Q4 25 | — | 2.81× | ||
| Q3 25 | 2.39× | 1.28× | ||
| Q2 25 | — | 0.95× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 6.81× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 1.37× | ||
| Q1 24 | — | 1.50× |
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% |
FIBK
Segment breakdown not available.
