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Side-by-side financial comparison of APPIAN CORP (APPN) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $202.9M, roughly 1.3× APPIAN CORP). Forestar Group Inc. runs the higher net margin — 5.6% vs -2.5%, a 8.2% gap on every dollar of revenue. On growth, APPIAN CORP posted the faster year-over-year revenue change (21.7% vs 9.0%). APPIAN CORP produced more free cash flow last quarter ($270.0K vs $-157.1M). Over the past eight quarters, APPIAN CORP's revenue compounded faster (16.4% CAGR vs -9.6%).
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.
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
APPN vs FOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $273.0M |
| Net Profit | $-5.1M | $15.4M |
| Gross Margin | 64.8% | 20.1% |
| Operating Margin | -0.3% | 7.6% |
| Net Margin | -2.5% | 5.6% |
| Revenue YoY | 21.7% | 9.0% |
| Net Profit YoY | 62.6% | -6.7% |
| EPS (diluted) | $-0.06 | $0.30 |
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 | $273.0M | ||
| Q3 25 | $187.0M | $670.5M | ||
| Q2 25 | $170.6M | $390.5M | ||
| Q1 25 | $166.4M | $351.0M | ||
| Q4 24 | $166.7M | $250.4M | ||
| Q3 24 | $154.1M | $551.3M | ||
| Q2 24 | $146.4M | $318.4M | ||
| Q1 24 | $149.8M | $333.8M |
| Q4 25 | $-5.1M | $15.4M | ||
| Q3 25 | $7.8M | $86.9M | ||
| Q2 25 | $-312.0K | $32.9M | ||
| Q1 25 | $-1.2M | $31.6M | ||
| Q4 24 | $-13.6M | $16.5M | ||
| Q3 24 | $-2.1M | $81.5M | ||
| Q2 24 | $-43.6M | $38.7M | ||
| Q1 24 | $-32.9M | $45.0M |
| Q4 25 | 64.8% | 20.1% | ||
| Q3 25 | 75.8% | 22.3% | ||
| Q2 25 | 74.3% | 20.4% | ||
| Q1 25 | 76.6% | 22.6% | ||
| Q4 24 | 67.8% | 22.0% | ||
| Q3 24 | 75.9% | 23.9% | ||
| Q2 24 | 73.1% | 22.5% | ||
| Q1 24 | 74.6% | 24.9% |
| Q4 25 | -0.3% | 7.6% | ||
| Q3 25 | 7.0% | 16.9% | ||
| Q2 25 | -6.4% | 11.2% | ||
| Q1 25 | -0.5% | 11.6% | ||
| Q4 24 | 3.0% | 8.7% | ||
| Q3 24 | -4.6% | 19.7% | ||
| Q2 24 | -26.8% | 16.2% | ||
| Q1 24 | -13.0% | 17.6% |
| Q4 25 | -2.5% | 5.6% | ||
| Q3 25 | 4.2% | 13.0% | ||
| Q2 25 | -0.2% | 8.4% | ||
| Q1 25 | -0.7% | 9.0% | ||
| Q4 24 | -8.2% | 6.6% | ||
| Q3 24 | -1.4% | 14.8% | ||
| Q2 24 | -29.8% | 12.2% | ||
| Q1 24 | -22.0% | 13.5% |
| Q4 25 | $-0.06 | $0.30 | ||
| Q3 25 | $0.10 | $1.70 | ||
| Q2 25 | $0.00 | $0.65 | ||
| Q1 25 | $-0.02 | $0.62 | ||
| Q4 24 | $-0.18 | $0.32 | ||
| Q3 24 | $-0.03 | $1.59 | ||
| Q2 24 | $-0.60 | $0.76 | ||
| Q1 24 | $-0.45 | $0.89 |
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 | $211.7M |
| Total DebtLower is stronger | $240.8M | $793.2M |
| Stockholders' EquityBook value | $-47.0M | $1.8B |
| Total Assets | $691.4M | $3.2B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $211.7M | ||
| Q3 25 | $191.6M | $379.2M | ||
| Q2 25 | $184.8M | $189.2M | ||
| Q1 25 | $199.7M | $174.3M | ||
| Q4 24 | $159.9M | $132.0M | ||
| Q3 24 | $99.2M | $481.2M | ||
| Q2 24 | $120.8M | $359.2M | ||
| Q1 24 | $170.1M | $416.2M |
| Q4 25 | $240.8M | $793.2M | ||
| Q3 25 | $245.7M | $802.7M | ||
| Q2 25 | $245.6M | $872.8M | ||
| Q1 25 | $248.0M | $872.5M | ||
| Q4 24 | $250.4M | $806.8M | ||
| Q3 24 | $252.8M | $706.4M | ||
| Q2 24 | $254.0M | $706.1M | ||
| Q1 24 | $255.1M | $705.7M |
| Q4 25 | $-47.0M | $1.8B | ||
| Q3 25 | $-48.5M | $1.8B | ||
| Q2 25 | $-53.7M | $1.7B | ||
| Q1 25 | $-31.7M | $1.6B | ||
| Q4 24 | $-32.6M | $1.6B | ||
| Q3 24 | $-49.8M | $1.6B | ||
| Q2 24 | $-45.7M | $1.5B | ||
| Q1 24 | $-9.7M | $1.5B |
| Q4 25 | $691.4M | $3.2B | ||
| Q3 25 | $611.7M | $3.1B | ||
| Q2 25 | $590.7M | $3.1B | ||
| Q1 25 | $592.9M | $3.0B | ||
| Q4 24 | $621.0M | $3.0B | ||
| Q3 24 | $549.9M | $2.8B | ||
| Q2 24 | $554.6M | $2.7B | ||
| Q1 24 | $595.4M | $2.6B |
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.48× |
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 | $-157.0M |
| Free Cash FlowOCF − Capex | $270.0K | $-157.1M |
| FCF MarginFCF / Revenue | 0.1% | -57.5% |
| Capex IntensityCapex / Revenue | 0.4% | 0.0% |
| Cash ConversionOCF / Net Profit | — | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1M | $-157.0M | ||
| Q3 25 | $18.7M | $256.3M | ||
| Q2 25 | $-1.9M | $15.8M | ||
| Q1 25 | $45.0M | $-19.8M | ||
| Q4 24 | $13.9M | $-450.0M | ||
| Q3 24 | $-8.2M | $119.2M | ||
| Q2 24 | $-17.6M | $-61.7M | ||
| Q1 24 | $18.9M | $-59.2M |
| Q4 25 | $270.0K | $-157.1M | ||
| Q3 25 | $18.1M | $255.6M | ||
| Q2 25 | $-3.1M | $15.0M | ||
| Q1 25 | $44.3M | $-20.5M | ||
| Q4 24 | $13.4M | — | ||
| Q3 24 | $-8.6M | $118.4M | ||
| Q2 24 | $-18.3M | $-62.3M | ||
| Q1 24 | $16.7M | $-59.8M |
| Q4 25 | 0.1% | -57.5% | ||
| Q3 25 | 9.7% | 38.1% | ||
| Q2 25 | -1.8% | 3.8% | ||
| Q1 25 | 26.6% | -5.8% | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | -5.6% | 21.5% | ||
| Q2 24 | -12.5% | -19.6% | ||
| Q1 24 | 11.1% | -17.9% |
| Q4 25 | 0.4% | 0.0% | ||
| Q3 25 | 0.3% | 0.1% | ||
| Q2 25 | 0.7% | 0.2% | ||
| Q1 25 | 0.4% | 0.2% | ||
| Q4 24 | 0.3% | 0.0% | ||
| Q3 24 | 0.2% | 0.1% | ||
| Q2 24 | 0.5% | 0.2% | ||
| Q1 24 | 1.5% | 0.2% |
| Q4 25 | — | -10.19× | ||
| Q3 25 | 2.39× | 2.95× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | — | -1.59× | ||
| Q1 24 | — | -1.32× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
