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APPFOLIO INC（APPF）与ASSOCIATED BANC-CORP（ASB）财务数据对比。点击上方公司名可切换其他公司
ASSOCIATED BANC-CORP的季度营收约是APPFOLIO INC的1.5倍（$383.0M vs $262.2M），ASSOCIATED BANC-CORP净利率更高（31.2% vs 16.2%，领先15.1%），过去两年APPFOLIO INC的营收复合增速更高（15.3% vs 9.1%）
AppFolio Inc.是一家2006年成立的美国企业，专注服务房地产行业，为客户提供软件即服务（SaaS）类应用产品及相关配套服务，助力房地产相关经营主体优化管理流程、提升运营效率。
联合银行集团（Associated Banc-Corp）是美国区域性银行控股公司，总部位于威斯康星州格林贝，深耕美国中西部地区，主营零售银行、商业银行、商业地产贷款、私人银行及特色金融服务，在威斯康星州、伊利诺伊州、明尼苏达州设有220多个营业网点，覆盖100多个社区，还在印第安纳、密歇根等多州设有贷款办事处。
APPF vs ASB — 直观对比
营收规模更大
ASB
是对方的1.5倍
$262.2M
净利率更高
ASB
高出15.1%
16.2%
两年增速更快
APPF
近两年复合增速
9.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $262.2M | $383.0M |
| 净利润 | $42.4M | $119.6M |
| 毛利率 | — | — |
| 营业利润率 | 19.4% | — |
| 净利率 | 16.2% | 31.2% |
| 营收同比 | 20.4% | — |
| 净利润同比 | 35.2% | 566.6% |
| 每股收益（稀释后） | $1.18 | $0.70 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APPFASB
| Q1 26 | $262.2M | $383.0M | ||
| Q4 25 | $248.2M | $310.0M | ||
| Q3 25 | $249.4M | $305.2M | ||
| Q2 25 | $235.6M | $300.0M | ||
| Q1 25 | $217.7M | $285.9M | ||
| Q4 24 | $203.7M | $270.3M | ||
| Q3 24 | $205.7M | $329.7M | ||
| Q2 24 | $197.4M | $321.8M |
净利润APPFASB
| Q1 26 | $42.4M | $119.6M | ||
| Q4 25 | $39.9M | $137.1M | ||
| Q3 25 | $33.6M | $124.7M | ||
| Q2 25 | $36.0M | $111.2M | ||
| Q1 25 | $31.4M | $101.7M | ||
| Q4 24 | $102.7M | $-161.6M | ||
| Q3 24 | $33.0M | $88.0M | ||
| Q2 24 | $29.7M | $115.6M |
营业利润率APPFASB
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 52.6% | ||
| Q3 25 | 14.1% | 50.5% | ||
| Q2 25 | 17.2% | 46.5% | ||
| Q1 25 | 15.5% | 42.3% | ||
| Q4 24 | 11.3% | -65.8% | ||
| Q3 24 | 20.7% | 32.8% | ||
| Q2 24 | 18.3% | 32.0% |
净利率APPFASB
| Q1 26 | 16.2% | 31.2% | ||
| Q4 25 | 16.1% | 44.2% | ||
| Q3 25 | 13.5% | 40.9% | ||
| Q2 25 | 15.3% | 37.1% | ||
| Q1 25 | 14.4% | 35.6% | ||
| Q4 24 | 50.4% | -59.8% | ||
| Q3 24 | 16.0% | 26.7% | ||
| Q2 24 | 15.0% | 35.9% |
每股收益（稀释后）APPFASB
| Q1 26 | $1.18 | $0.70 | ||
| Q4 25 | $1.10 | $0.80 | ||
| Q3 25 | $0.93 | $0.73 | ||
| Q2 25 | $0.99 | $0.65 | ||
| Q1 25 | $0.86 | $0.59 | ||
| Q4 24 | $2.79 | $-1.10 | ||
| Q3 24 | $0.90 | $0.56 | ||
| Q2 24 | $0.81 | $0.74 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $147.4M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $470.2M | $5.0B |
| 总资产 | $580.6M | $45.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资APPFASB
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | — | ||
| Q3 25 | $76.1M | — | ||
| Q2 25 | $73.5M | — | ||
| Q1 25 | $56.9M | — | ||
| Q4 24 | $42.5M | — | ||
| Q3 24 | $62.4M | — | ||
| Q2 24 | $59.6M | — |
总债务APPFASB
| Q1 26 | — | — | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $594.1M | ||
| Q2 25 | — | $593.5M | ||
| Q1 25 | — | $591.4M | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $844.3M | ||
| Q2 24 | — | $536.1M |
股东权益APPFASB
| Q1 26 | $470.2M | $5.0B | ||
| Q4 25 | $542.6M | $5.0B | ||
| Q3 25 | $498.9M | $4.9B | ||
| Q2 25 | $455.6M | $4.8B | ||
| Q1 25 | $462.1M | $4.7B | ||
| Q4 24 | $519.3M | $4.6B | ||
| Q3 24 | $412.8M | $4.4B | ||
| Q2 24 | $371.4M | $4.2B |
总资产APPFASB
| Q1 26 | $580.6M | $45.6B | ||
| Q4 25 | $689.0M | $45.2B | ||
| Q3 25 | $640.5M | $44.5B | ||
| Q2 25 | $567.4M | $44.0B | ||
| Q1 25 | $564.7M | $43.3B | ||
| Q4 24 | $626.7M | $43.0B | ||
| Q3 24 | $523.3M | $42.2B | ||
| Q2 24 | $479.3M | $41.6B |
负债/权益比APPFASB
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.31× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.13× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $34.3M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 0.81× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流APPFASB
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $218.1M | ||
| Q3 25 | $86.0M | $158.0M | ||
| Q2 25 | $52.6M | $141.5M | ||
| Q1 25 | $38.5M | $98.2M | ||
| Q4 24 | $36.6M | $207.1M | ||
| Q3 24 | $57.8M | $105.1M | ||
| Q2 24 | $50.9M | $113.5M |
自由现金流APPFASB
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | — | ||
| Q3 25 | $84.7M | — | ||
| Q2 25 | $52.4M | — | ||
| Q1 25 | $38.2M | — | ||
| Q4 24 | $36.4M | — | ||
| Q3 24 | $57.4M | — | ||
| Q2 24 | $50.8M | — |
自由现金流率APPFASB
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | — | ||
| Q3 25 | 34.0% | — | ||
| Q2 25 | 22.2% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 17.9% | — | ||
| Q3 24 | 27.9% | — | ||
| Q2 24 | 25.8% | — |
资本支出强度APPFASB
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.0% | — |
现金转化率APPFASB
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 1.59× | ||
| Q3 25 | 2.56× | 1.27× | ||
| Q2 25 | 1.46× | 1.27× | ||
| Q1 25 | 1.23× | 0.97× | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 1.75× | 1.19× | ||
| Q2 24 | 1.71× | 0.98× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APPF
| Value Added Services | $201.4M | 77% |
| Subscription Services | $58.2M | 22% |
ASB
| Net Interest Income | $307.2M | 80% |
| Noninterest Income | $75.9M | 20% |
