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APPFOLIO INC（APPF）与CSW INDUSTRIALS, INC.（CSW）财务数据对比。点击上方公司名可切换其他公司
APPFOLIO INC的季度营收约是CSW INDUSTRIALS, INC.的1.1倍（$262.2M vs $233.0M），APPFOLIO INC净利率更高（16.2% vs 4.4%，领先11.8%），APPFOLIO INC同比增速更快（20.4% vs 20.3%），过去两年APPFOLIO INC的营收复合增速更高（15.3% vs 5.1%）
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。
APPF vs CSW — 直观对比
营收规模更大
APPF
是对方的1.1倍
$233.0M
营收增速更快
APPF
高出0.1%
20.3%
净利率更高
APPF
高出11.8%
4.4%
两年增速更快
APPF
近两年复合增速
5.1%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $262.2M | $233.0M |
| 净利润 | $42.4M | $10.3M |
| 毛利率 | — | 39.7% |
| 营业利润率 | 19.4% | 7.4% |
| 净利率 | 16.2% | 4.4% |
| 营收同比 | 20.4% | 20.3% |
| 净利润同比 | 35.2% | -61.9% |
| 每股收益（稀释后） | $1.18 | $0.62 |
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APPFCSW
| Q1 26 | $262.2M | — | ||
| Q4 25 | $248.2M | $233.0M | ||
| Q3 25 | $249.4M | $277.0M | ||
| Q2 25 | $235.6M | $263.6M | ||
| Q1 25 | $217.7M | $230.5M | ||
| Q4 24 | $203.7M | $193.6M | ||
| Q3 24 | $205.7M | $227.9M | ||
| Q2 24 | $197.4M | $226.2M |
净利润APPFCSW
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $10.3M | ||
| Q3 25 | $33.6M | $40.7M | ||
| Q2 25 | $36.0M | $40.9M | ||
| Q1 25 | $31.4M | $35.1M | ||
| Q4 24 | $102.7M | $26.9M | ||
| Q3 24 | $33.0M | $36.1M | ||
| Q2 24 | $29.7M | $38.6M |
毛利率APPFCSW
| Q1 26 | — | — | ||
| Q4 25 | — | 39.7% | ||
| Q3 25 | — | 43.0% | ||
| Q2 25 | — | 43.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 45.6% | ||
| Q2 24 | — | 47.5% |
营业利润率APPFCSW
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 7.4% | ||
| Q3 25 | 14.1% | 20.5% | ||
| Q2 25 | 17.2% | 20.8% | ||
| Q1 25 | 15.5% | 19.5% | ||
| Q4 24 | 11.3% | 15.3% | ||
| Q3 24 | 20.7% | 22.6% | ||
| Q2 24 | 18.3% | 24.3% |
净利率APPFCSW
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 4.4% | ||
| Q3 25 | 13.5% | 14.7% | ||
| Q2 25 | 15.3% | 15.5% | ||
| Q1 25 | 14.4% | 15.2% | ||
| Q4 24 | 50.4% | 13.9% | ||
| Q3 24 | 16.0% | 15.8% | ||
| Q2 24 | 15.0% | 17.1% |
每股收益（稀释后）APPFCSW
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.62 | ||
| Q3 25 | $0.93 | $2.41 | ||
| Q2 25 | $0.99 | $2.43 | ||
| Q1 25 | $0.86 | $2.05 | ||
| Q4 24 | $2.79 | $1.60 | ||
| Q3 24 | $0.90 | $2.26 | ||
| Q2 24 | $0.81 | $2.47 |
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 | $40.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $470.2M | $1.1B |
| 总资产 | $580.6M | $2.3B |
| 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APPFCSW
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $40.2M | ||
| Q3 25 | $76.1M | $31.5M | ||
| Q2 25 | $73.5M | $38.0M | ||
| Q1 25 | $56.9M | $225.8M | ||
| Q4 24 | $42.5M | $213.8M | ||
| Q3 24 | $62.4M | $273.2M | ||
| Q2 24 | $59.6M | $18.9M |
总债务APPFCSW
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $800.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APPFCSW
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $1.1B | ||
| Q3 25 | $498.9M | $1.1B | ||
| Q2 25 | $455.6M | $1.1B | ||
| Q1 25 | $462.1M | $1.1B | ||
| Q4 24 | $519.3M | $1.0B | ||
| Q3 24 | $412.8M | $1.0B | ||
| Q2 24 | $371.4M | $650.2M |
总资产APPFCSW
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $2.3B | ||
| Q3 25 | $640.5M | $1.5B | ||
| Q2 25 | $567.4M | $1.5B | ||
| Q1 25 | $564.7M | $1.4B | ||
| Q4 24 | $626.7M | $1.4B | ||
| Q3 24 | $523.3M | $1.4B | ||
| Q2 24 | $479.3M | $1.1B |
负债/权益比APPFCSW
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $28.9M |
| 自由现金流经营现金流 - 资本支出 | — | $22.7M |
| 自由现金流率自由现金流/营收 | — | 9.8% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 现金转化率经营现金流/净利润 | 0.81× | 2.81× |
| 过去12个月自由现金流最近4个季度 | — | $162.0M |
8季度趋势，按日历期对齐
经营现金流APPFCSW
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $28.9M | ||
| Q3 25 | $86.0M | $61.8M | ||
| Q2 25 | $52.6M | $60.6M | ||
| Q1 25 | $38.5M | $27.3M | ||
| Q4 24 | $36.6M | $11.6M | ||
| Q3 24 | $57.8M | $66.8M | ||
| Q2 24 | $50.9M | $62.7M |
自由现金流APPFCSW
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $22.7M | ||
| Q3 25 | $84.7M | $58.7M | ||
| Q2 25 | $52.4M | $57.7M | ||
| Q1 25 | $38.2M | $22.8M | ||
| Q4 24 | $36.4M | $8.5M | ||
| Q3 24 | $57.4M | $61.3M | ||
| Q2 24 | $50.8M | $59.6M |
自由现金流率APPFCSW
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 9.8% | ||
| Q3 25 | 34.0% | 21.2% | ||
| Q2 25 | 22.2% | 21.9% | ||
| Q1 25 | 17.6% | 9.9% | ||
| Q4 24 | 17.9% | 4.4% | ||
| Q3 24 | 27.9% | 26.9% | ||
| Q2 24 | 25.8% | 26.3% |
资本支出强度APPFCSW
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 2.6% | ||
| Q3 25 | 0.5% | 1.1% | ||
| Q2 25 | 0.1% | 1.1% | ||
| Q1 25 | 0.1% | 2.0% | ||
| Q4 24 | 0.1% | 1.6% | ||
| Q3 24 | 0.2% | 2.4% | ||
| Q2 24 | 0.0% | 1.4% |
现金转化率APPFCSW
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 2.81× | ||
| Q3 25 | 2.56× | 1.52× | ||
| Q2 25 | 1.46× | 1.48× | ||
| Q1 25 | 1.23× | 0.78× | ||
| Q4 24 | 0.36× | 0.43× | ||
| Q3 24 | 1.75× | 1.85× | ||
| Q2 24 | 1.71× | 1.62× |
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% |
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
