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Side-by-side financial comparison of APPIAN CORP (APPN) and INTERNATIONAL BANCSHARES CORP (IBOC). Click either name above to swap in a different company.

INTERNATIONAL BANCSHARES CORP is the larger business by last-quarter revenue ($217.7M vs $202.9M, roughly 1.1× APPIAN CORP). INTERNATIONAL BANCSHARES CORP runs the higher net margin — 62.3% vs -2.5%, a 64.8% gap on every dollar of revenue. On growth, APPIAN CORP posted the faster year-over-year revenue change (21.7% vs 4.5%). INTERNATIONAL BANCSHARES CORP produced more free cash flow last quarter ($472.9M vs $270.0K). Over the past eight quarters, APPIAN CORP's revenue compounded faster (16.4% CAGR vs 2.8%).

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.

International Bancshares Corporation is a bank holding company based in Laredo, Texas whose primary subsidiary is International Bank of Commerce. Through its bank subsidiaries, it has 217 banking offices and 315 automated teller machines serving 88 communities in the U.S. states of Texas and Oklahoma.

APPN vs IBOC — Head-to-Head

Bigger by revenue
IBOC
IBOC
1.1× larger
IBOC
$217.7M
$202.9M
APPN
Growing faster (revenue YoY)
APPN
APPN
+17.2% gap
APPN
21.7%
4.5%
IBOC
Higher net margin
IBOC
IBOC
64.8% more per $
IBOC
62.3%
-2.5%
APPN
More free cash flow
IBOC
IBOC
$472.7M more FCF
IBOC
$472.9M
$270.0K
APPN
Faster 2-yr revenue CAGR
APPN
APPN
Annualised
APPN
16.4%
2.8%
IBOC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APPN
APPN
IBOC
IBOC
Revenue
$202.9M
$217.7M
Net Profit
$-5.1M
$106.9M
Gross Margin
64.8%
Operating Margin
-0.3%
62.8%
Net Margin
-2.5%
62.3%
Revenue YoY
21.7%
4.5%
Net Profit YoY
62.6%
-7.1%
EPS (diluted)
$-0.06
$1.71

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.

Revenue
APPN
APPN
IBOC
IBOC
Q4 25
$202.9M
$217.7M
Q3 25
$187.0M
$218.1M
Q2 25
$170.6M
$208.2M
Q1 25
$166.4M
$198.2M
Q4 24
$166.7M
$208.3M
Q3 24
$154.1M
$211.8M
Q2 24
$146.4M
$207.8M
Q1 24
$149.8M
$205.8M
Net Profit
APPN
APPN
IBOC
IBOC
Q4 25
$-5.1M
$106.9M
Q3 25
$7.8M
$108.4M
Q2 25
$-312.0K
$100.1M
Q1 25
$-1.2M
$96.9M
Q4 24
$-13.6M
$115.1M
Q3 24
$-2.1M
$99.8M
Q2 24
$-43.6M
$97.0M
Q1 24
$-32.9M
$97.3M
Gross Margin
APPN
APPN
IBOC
IBOC
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%
Operating Margin
APPN
APPN
IBOC
IBOC
Q4 25
-0.3%
62.8%
Q3 25
7.0%
62.6%
Q2 25
-6.4%
60.5%
Q1 25
-0.5%
61.1%
Q4 24
3.0%
64.2%
Q3 24
-4.6%
60.0%
Q2 24
-26.8%
60.1%
Q1 24
-13.0%
59.9%
Net Margin
APPN
APPN
IBOC
IBOC
Q4 25
-2.5%
62.3%
Q3 25
4.2%
49.7%
Q2 25
-0.2%
48.1%
Q1 25
-0.7%
48.9%
Q4 24
-8.2%
71.5%
Q3 24
-1.4%
47.1%
Q2 24
-29.8%
46.7%
Q1 24
-22.0%
47.3%
EPS (diluted)
APPN
APPN
IBOC
IBOC
Q4 25
$-0.06
$1.71
Q3 25
$0.10
$1.74
Q2 25
$0.00
$1.61
Q1 25
$-0.02
$1.56
Q4 24
$-0.18
$1.85
Q3 24
$-0.03
$1.60
Q2 24
$-0.60
$1.56
Q1 24
$-0.45
$1.56

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APPN
APPN
IBOC
IBOC
Cash + ST InvestmentsLiquidity on hand
$187.2M
$5.5B
Total DebtLower is stronger
$240.8M
Stockholders' EquityBook value
$-47.0M
$3.3B
Total Assets
$691.4M
$16.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APPN
APPN
IBOC
IBOC
Q4 25
$187.2M
$5.5B
Q3 25
$191.6M
$5.6B
Q2 25
$184.8M
$5.8B
Q1 25
$199.7M
$5.6B
Q4 24
$159.9M
$5.4B
Q3 24
$99.2M
$5.8B
Q2 24
$120.8M
$5.7B
Q1 24
$170.1M
$5.7B
Total Debt
APPN
APPN
IBOC
IBOC
Q4 25
$240.8M
Q3 25
$245.7M
Q2 25
$245.6M
Q1 25
$248.0M
Q4 24
$250.4M
Q3 24
$252.8M
Q2 24
$254.0M
Q1 24
$255.1M
Stockholders' Equity
APPN
APPN
IBOC
IBOC
Q4 25
$-47.0M
$3.3B
Q3 25
$-48.5M
$3.1B
Q2 25
$-53.7M
$3.0B
Q1 25
$-31.7M
$2.9B
Q4 24
$-32.6M
$2.8B
Q3 24
$-49.8M
$2.7B
Q2 24
$-45.7M
$2.6B
Q1 24
$-9.7M
$2.5B
Total Assets
APPN
APPN
IBOC
IBOC
Q4 25
$691.4M
$16.6B
Q3 25
$611.7M
$16.6B
Q2 25
$590.7M
$16.5B
Q1 25
$592.9M
$16.3B
Q4 24
$621.0M
$15.7B
Q3 24
$549.9M
$15.9B
Q2 24
$554.6M
$15.5B
Q1 24
$595.4M
$15.4B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APPN
APPN
IBOC
IBOC
Operating Cash FlowLast quarter
$1.1M
$491.1M
Free Cash FlowOCF − Capex
$270.0K
$472.9M
FCF MarginFCF / Revenue
0.1%
217.2%
Capex IntensityCapex / Revenue
0.4%
8.3%
Cash ConversionOCF / Net Profit
4.59×
TTM Free Cash FlowTrailing 4 quarters
$59.6M
$809.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APPN
APPN
IBOC
IBOC
Q4 25
$1.1M
$491.1M
Q3 25
$18.7M
$115.2M
Q2 25
$-1.9M
$95.5M
Q1 25
$45.0M
$140.5M
Q4 24
$13.9M
$473.9M
Q3 24
$-8.2M
$116.5M
Q2 24
$-17.6M
$107.2M
Q1 24
$18.9M
$135.4M
Free Cash Flow
APPN
APPN
IBOC
IBOC
Q4 25
$270.0K
$472.9M
Q3 25
$18.1M
$112.2M
Q2 25
$-3.1M
$91.6M
Q1 25
$44.3M
$133.1M
Q4 24
$13.4M
$459.8M
Q3 24
$-8.6M
$109.6M
Q2 24
$-18.3M
$104.9M
Q1 24
$16.7M
$128.9M
FCF Margin
APPN
APPN
IBOC
IBOC
Q4 25
0.1%
217.2%
Q3 25
9.7%
51.5%
Q2 25
-1.8%
44.0%
Q1 25
26.6%
67.1%
Q4 24
8.0%
220.8%
Q3 24
-5.6%
51.7%
Q2 24
-12.5%
50.5%
Q1 24
11.1%
62.6%
Capex Intensity
APPN
APPN
IBOC
IBOC
Q4 25
0.4%
8.3%
Q3 25
0.3%
1.3%
Q2 25
0.7%
1.9%
Q1 25
0.4%
3.7%
Q4 24
0.3%
6.8%
Q3 24
0.2%
3.3%
Q2 24
0.5%
1.1%
Q1 24
1.5%
3.2%
Cash Conversion
APPN
APPN
IBOC
IBOC
Q4 25
4.59×
Q3 25
2.39×
1.06×
Q2 25
0.95×
Q1 25
1.45×
Q4 24
4.12×
Q3 24
1.17×
Q2 24
1.11×
Q1 24
1.39×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APPN
APPN

Subscriptions Software And Support$162.3M80%
Professional Services$40.6M20%

IBOC
IBOC

Segment breakdown not available.

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