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APPFOLIO INC（APPF）与PATHWARD FINANCIAL, INC.（CASH）财务数据对比。点击上方公司名可切换其他公司
PATHWARD FINANCIAL, INC.的季度营收约是APPFOLIO INC的1.1倍（$276.3M vs $262.2M），PATHWARD FINANCIAL, INC.净利率更高（26.4% vs 16.2%，领先10.2%），过去两年PATHWARD FINANCIAL, INC.的营收复合增速更高（21.0% vs 15.3%）
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。
Pathward Financial, Inc.是一家总部位于美国的银行及金融服务企业，其前身为Meta金融集团旗下相关业务主体，2022年母公司将“Meta”商标出售给Meta Platforms后，正式启用现有名称。
APPF vs CASH — 直观对比
营收规模更大
CASH
是对方的1.1倍
$262.2M
净利率更高
CASH
高出10.2%
16.2%
两年增速更快
CASH
近两年复合增速
15.3%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $262.2M | $276.3M |
| 净利润 | $42.4M | $72.9M |
| 毛利率 | — | — |
| 营业利润率 | 19.4% | — |
| 净利率 | 16.2% | 26.4% |
| 营收同比 | 20.4% | — |
| 净利润同比 | 35.2% | — |
| 每股收益（稀释后） | $1.18 | $3.35 |
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APPFCASH
| Q1 26 | $262.2M | $276.3M | ||
| Q4 25 | $248.2M | $173.1M | ||
| Q3 25 | $249.4M | $186.7M | ||
| Q2 25 | $235.6M | $195.8M | ||
| Q1 25 | $217.7M | $274.8M | ||
| Q4 24 | $203.7M | $182.6M | ||
| Q3 24 | $205.7M | $179.5M | ||
| Q2 24 | $197.4M | $188.6M |
净利润APPFCASH
| Q1 26 | $42.4M | $72.9M | ||
| Q4 25 | $39.9M | $35.2M | ||
| Q3 25 | $33.6M | $38.8M | ||
| Q2 25 | $36.0M | $42.1M | ||
| Q1 25 | $31.4M | $75.0M | ||
| Q4 24 | $102.7M | $30.0M | ||
| Q3 24 | $33.0M | $33.5M | ||
| Q2 24 | $29.7M | $44.9M |
营业利润率APPFCASH
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 24.6% | ||
| Q3 25 | 14.1% | 25.9% | ||
| Q2 25 | 17.2% | 24.1% | ||
| Q1 25 | 15.5% | 33.2% | ||
| Q4 24 | 11.3% | 19.8% | ||
| Q3 24 | 20.7% | 20.9% | ||
| Q2 24 | 18.3% | 27.1% |
净利率APPFCASH
| Q1 26 | 16.2% | 26.4% | ||
| Q4 25 | 16.1% | 20.3% | ||
| Q3 25 | 13.5% | 20.8% | ||
| Q2 25 | 15.3% | 21.5% | ||
| Q1 25 | 14.4% | 27.3% | ||
| Q4 24 | 50.4% | 16.4% | ||
| Q3 24 | 16.0% | 18.7% | ||
| Q2 24 | 15.0% | 23.8% |
每股收益（稀释后）APPFCASH
| Q1 26 | $1.18 | $3.35 | ||
| Q4 25 | $1.10 | $1.57 | ||
| Q3 25 | $0.93 | $1.69 | ||
| Q2 25 | $0.99 | $1.81 | ||
| Q1 25 | $0.86 | $3.14 | ||
| Q4 24 | $2.79 | $1.23 | ||
| Q3 24 | $0.90 | $1.34 | ||
| Q2 24 | $0.81 | $1.78 |
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 | $157.6M |
| 总债务越低越好 | — | $59.5M |
| 股东权益账面价值 | $470.2M | $850.7M |
| 总资产 | $580.6M | $7.1B |
| 负债/权益比越低杠杆越低 | — | 0.07× |
8季度趋势，按日历期对齐
现金及短期投资APPFCASH
| Q1 26 | $147.4M | $157.6M | ||
| Q4 25 | $107.0M | $331.2M | ||
| Q3 25 | $76.1M | $120.6M | ||
| Q2 25 | $73.5M | $258.3M | ||
| Q1 25 | $56.9M | $254.2M | ||
| Q4 24 | $42.5M | $597.4M | ||
| Q3 24 | $62.4M | $158.3M | ||
| Q2 24 | $59.6M | $298.9M |
总债务APPFCASH
| Q1 26 | — | $59.5M | ||
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $33.5M | ||
| Q2 25 | — | $33.4M | ||
| Q1 25 | — | $33.4M | ||
| Q4 24 | — | $33.4M | ||
| Q3 24 | — | $33.4M | ||
| Q2 24 | — | $33.3M |
股东权益APPFCASH
| Q1 26 | $470.2M | $850.7M | ||
| Q4 25 | $542.6M | $854.5M | ||
| Q3 25 | $498.9M | $858.0M | ||
| Q2 25 | $455.6M | $819.0M | ||
| Q1 25 | $462.1M | $814.7M | ||
| Q4 24 | $519.3M | $758.3M | ||
| Q3 24 | $412.8M | $822.5M | ||
| Q2 24 | $371.4M | $748.4M |
总资产APPFCASH
| Q1 26 | $580.6M | $7.1B | ||
| Q4 25 | $689.0M | $7.6B | ||
| Q3 25 | $640.5M | $7.2B | ||
| Q2 25 | $567.4M | $7.2B | ||
| Q1 25 | $564.7M | $7.0B | ||
| Q4 24 | $626.7M | $7.6B | ||
| Q3 24 | $523.3M | $7.5B | ||
| Q2 24 | $479.3M | $7.5B |
负债/权益比APPFCASH
| Q1 26 | — | 0.07× | ||
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.04× |
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APPFCASH
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $108.3M | ||
| Q3 25 | $86.0M | $303.7M | ||
| Q2 25 | $52.6M | $30.4M | ||
| Q1 25 | $38.5M | $188.3M | ||
| Q4 24 | $36.6M | $-71.7M | ||
| Q3 24 | $57.8M | $143.1M | ||
| Q2 24 | $50.9M | $113.2M |
自由现金流APPFCASH
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $104.1M | ||
| Q3 25 | $84.7M | $300.3M | ||
| Q2 25 | $52.4M | $27.7M | ||
| Q1 25 | $38.2M | $184.7M | ||
| Q4 24 | $36.4M | $-73.8M | ||
| Q3 24 | $57.4M | $138.8M | ||
| Q2 24 | $50.8M | $111.0M |
自由现金流率APPFCASH
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 60.1% | ||
| Q3 25 | 34.0% | 160.9% | ||
| Q2 25 | 22.2% | 14.1% | ||
| Q1 25 | 17.6% | 67.2% | ||
| Q4 24 | 17.9% | -40.4% | ||
| Q3 24 | 27.9% | 77.3% | ||
| Q2 24 | 25.8% | 58.8% |
资本支出强度APPFCASH
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 2.4% | ||
| Q3 25 | 0.5% | 1.8% | ||
| Q2 25 | 0.1% | 1.4% | ||
| Q1 25 | 0.1% | 1.3% | ||
| Q4 24 | 0.1% | 1.1% | ||
| Q3 24 | 0.2% | 2.4% | ||
| Q2 24 | 0.0% | 1.2% |
现金转化率APPFCASH
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 3.08× | ||
| Q3 25 | 2.56× | 7.83× | ||
| Q2 25 | 1.46× | 0.72× | ||
| Q1 25 | 1.23× | 2.51× | ||
| Q4 24 | 0.36× | -2.39× | ||
| Q3 24 | 1.75× | 4.27× | ||
| Q2 24 | 1.71× | 2.52× |
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% |
CASH
| Noninterest Income | $151.2M | 55% |
| Net Interest Income | $125.1M | 45% |
