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APPFOLIO INC（APPF）与KADANT INC（KAI）财务数据对比。点击上方公司名可切换其他公司
KADANT INC的季度营收约是APPFOLIO INC的1.0倍（$271.6M vs $262.2M），APPFOLIO INC净利率更高（16.2% vs 10.2%，领先6.0%），APPFOLIO INC同比增速更快（20.4% vs -0.0%），过去两年APPFOLIO INC的营收复合增速更高（15.3% vs 6.7%）
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。
Kadant Inc.创立于1991年，最初是Thermo Electron的子公司，部分股权私有、部分公开交易，2001年完成完全分拆并启用现名。公司服务于造纸、废纸回收、木材加工、物料搬运等多个加工领域，是业务覆盖亚洲、欧洲、北美、南美的跨国企业。
APPF vs KAI — 直观对比
营收规模更大
KAI
是对方的1.0倍
$262.2M
营收增速更快
APPF
高出20.5%
-0.0%
净利率更高
APPF
高出6.0%
10.2%
两年增速更快
APPF
近两年复合增速
6.7%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $262.2M | $271.6M |
| 净利润 | $42.4M | $27.7M |
| 毛利率 | — | 45.2% |
| 营业利润率 | 19.4% | 15.7% |
| 净利率 | 16.2% | 10.2% |
| 营收同比 | 20.4% | -0.0% |
| 净利润同比 | 35.2% | -12.2% |
| 每股收益（稀释后） | $1.18 | $2.35 |
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APPFKAI
| Q1 26 | $262.2M | — | ||
| Q4 25 | $248.2M | — | ||
| Q3 25 | $249.4M | $271.6M | ||
| Q2 25 | $235.6M | $255.3M | ||
| Q1 25 | $217.7M | $239.2M | ||
| Q4 24 | $203.7M | $258.0M | ||
| Q3 24 | $205.7M | $271.6M | ||
| Q2 24 | $197.4M | $274.8M |
净利润APPFKAI
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | — | ||
| Q3 25 | $33.6M | $27.7M | ||
| Q2 25 | $36.0M | $26.2M | ||
| Q1 25 | $31.4M | $24.1M | ||
| Q4 24 | $102.7M | $24.0M | ||
| Q3 24 | $33.0M | $31.6M | ||
| Q2 24 | $29.7M | $31.3M |
毛利率APPFKAI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 45.2% | ||
| Q2 25 | — | 45.9% | ||
| Q1 25 | — | 46.1% | ||
| Q4 24 | — | 43.4% | ||
| Q3 24 | — | 44.7% | ||
| Q2 24 | — | 44.4% |
营业利润率APPFKAI
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | — | ||
| Q3 25 | 14.1% | 15.7% | ||
| Q2 25 | 17.2% | 15.4% | ||
| Q1 25 | 15.5% | 14.9% | ||
| Q4 24 | 11.3% | 14.3% | ||
| Q3 24 | 20.7% | 18.0% | ||
| Q2 24 | 18.3% | 17.6% |
净利率APPFKAI
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | — | ||
| Q3 25 | 13.5% | 10.2% | ||
| Q2 25 | 15.3% | 10.2% | ||
| Q1 25 | 14.4% | 10.1% | ||
| Q4 24 | 50.4% | 9.3% | ||
| Q3 24 | 16.0% | 11.6% | ||
| Q2 24 | 15.0% | 11.4% |
每股收益（稀释后）APPFKAI
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | — | ||
| Q3 25 | $0.93 | $2.35 | ||
| Q2 25 | $0.99 | $2.22 | ||
| Q1 25 | $0.86 | $2.04 | ||
| Q4 24 | $2.79 | $2.04 | ||
| Q3 24 | $0.90 | $2.68 | ||
| Q2 24 | $0.81 | $2.66 |
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 | $124.5M |
| 总债务越低越好 | — | $254.6M |
| 股东权益账面价值 | $470.2M | $949.8M |
| 总资产 | $580.6M | $1.5B |
| 负债/权益比越低杠杆越低 | — | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资APPFKAI
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | — | ||
| Q3 25 | $76.1M | $124.5M | ||
| Q2 25 | $73.5M | $95.3M | ||
| Q1 25 | $56.9M | $91.7M | ||
| Q4 24 | $42.5M | $94.7M | ||
| Q3 24 | $62.4M | $88.4M | ||
| Q2 24 | $59.6M | $73.8M |
总债务APPFKAI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $254.6M | ||
| Q2 25 | — | $245.7M | ||
| Q1 25 | — | $273.5M | ||
| Q4 24 | — | $285.2M | ||
| Q3 24 | — | $323.2M | ||
| Q2 24 | — | $342.0M |
股东权益APPFKAI
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | — | ||
| Q3 25 | $498.9M | $949.8M | ||
| Q2 25 | $455.6M | $926.0M | ||
| Q1 25 | $462.1M | $876.0M | ||
| Q4 24 | $519.3M | $847.1M | ||
| Q3 24 | $412.8M | $851.7M | ||
| Q2 24 | $371.4M | $807.7M |
总资产APPFKAI
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | — | ||
| 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 | $1.5B | ||
| Q2 24 | $479.3M | $1.5B |
负债/权益比APPFKAI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.42× |
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 | $47.3M |
| 自由现金流经营现金流 - 资本支出 | — | $44.1M |
| 自由现金流率自由现金流/营收 | — | 16.2% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | 0.81× | 1.70× |
| 过去12个月自由现金流最近4个季度 | — | $145.9M |
8季度趋势，按日历期对齐
经营现金流APPFKAI
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | — | ||
| Q3 25 | $86.0M | $47.3M | ||
| Q2 25 | $52.6M | $40.5M | ||
| Q1 25 | $38.5M | $22.8M | ||
| Q4 24 | $36.6M | $51.9M | ||
| Q3 24 | $57.8M | $52.5M | ||
| Q2 24 | $50.9M | $28.1M |
自由现金流APPFKAI
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | — | ||
| Q3 25 | $84.7M | $44.1M | ||
| Q2 25 | $52.4M | $36.5M | ||
| Q1 25 | $38.2M | $19.0M | ||
| Q4 24 | $36.4M | $46.3M | ||
| Q3 24 | $57.4M | $48.3M | ||
| Q2 24 | $50.8M | $23.1M |
自由现金流率APPFKAI
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | — | ||
| Q3 25 | 34.0% | 16.2% | ||
| Q2 25 | 22.2% | 14.3% | ||
| Q1 25 | 17.6% | 7.9% | ||
| Q4 24 | 17.9% | 17.9% | ||
| Q3 24 | 27.9% | 17.8% | ||
| Q2 24 | 25.8% | 8.4% |
资本支出强度APPFKAI
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.5% | 1.2% | ||
| Q2 25 | 0.1% | 1.6% | ||
| Q1 25 | 0.1% | 1.6% | ||
| Q4 24 | 0.1% | 2.2% | ||
| Q3 24 | 0.2% | 1.5% | ||
| Q2 24 | 0.0% | 1.8% |
现金转化率APPFKAI
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | 1.70× | ||
| Q2 25 | 1.46× | 1.55× | ||
| Q1 25 | 1.23× | 0.95× | ||
| Q4 24 | 0.36× | 2.16× | ||
| Q3 24 | 1.75× | 1.66× | ||
| Q2 24 | 1.71× | 0.90× |
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% |
KAI
| Flow Control | $94.8M | 35% |
| Capital | $83.2M | 31% |
| Material Handling Systems | $70.3M | 26% |
| Transferred Over Time | $17.1M | 6% |
| Other | $6.1M | 2% |
