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APPFOLIO INC（APPF）与ONESPAWORLD HOLDINGS Ltd（OSW）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ONESPAWORLD HOLDINGS Ltd的1.1倍（$262.2M vs $242.1M），APPFOLIO INC净利率更高（16.2% vs 5.0%，领先11.2%），APPFOLIO INC同比增速更快（20.4% vs 11.5%），过去两年APPFOLIO INC的营收复合增速更高（15.3% vs 7.1%）
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 OSW — 直观对比
营收规模更大
APPF
是对方的1.1倍
$242.1M
营收增速更快
APPF
高出9.0%
11.5%
净利率更高
APPF
高出11.2%
5.0%
两年增速更快
APPF
近两年复合增速
7.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $262.2M | $242.1M |
| 净利润 | $42.4M | $12.1M |
| 毛利率 | — | — |
| 营业利润率 | 19.4% | 6.8% |
| 净利率 | 16.2% | 5.0% |
| 营收同比 | 20.4% | 11.5% |
| 净利润同比 | 35.2% | -16.2% |
| 每股收益（稀释后） | $1.18 | $0.12 |
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APPFOSW
| Q1 26 | $262.2M | — | ||
| Q4 25 | $248.2M | $242.1M | ||
| Q3 25 | $249.4M | $258.5M | ||
| Q2 25 | $235.6M | $240.7M | ||
| Q1 25 | $217.7M | $219.6M | ||
| Q4 24 | $203.7M | $217.2M | ||
| Q3 24 | $205.7M | $241.7M | ||
| Q2 24 | $197.4M | $224.9M |
净利润APPFOSW
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $12.1M | ||
| Q3 25 | $33.6M | $24.3M | ||
| Q2 25 | $36.0M | $19.9M | ||
| Q1 25 | $31.4M | $15.3M | ||
| Q4 24 | $102.7M | $14.4M | ||
| Q3 24 | $33.0M | $21.6M | ||
| Q2 24 | $29.7M | $15.8M |
营业利润率APPFOSW
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 6.8% | ||
| Q3 25 | 14.1% | 10.2% | ||
| Q2 25 | 17.2% | 9.2% | ||
| Q1 25 | 15.5% | 7.7% | ||
| Q4 24 | 11.3% | 7.9% | ||
| Q3 24 | 20.7% | 10.3% | ||
| Q2 24 | 18.3% | 8.4% |
净利率APPFOSW
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 5.0% | ||
| Q3 25 | 13.5% | 9.4% | ||
| Q2 25 | 15.3% | 8.3% | ||
| Q1 25 | 14.4% | 7.0% | ||
| Q4 24 | 50.4% | 6.6% | ||
| Q3 24 | 16.0% | 8.9% | ||
| Q2 24 | 15.0% | 7.0% |
每股收益（稀释后）APPFOSW
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.12 | ||
| Q3 25 | $0.93 | $0.23 | ||
| Q2 25 | $0.99 | $0.19 | ||
| Q1 25 | $0.86 | $0.15 | ||
| Q4 24 | $2.79 | $0.13 | ||
| Q3 24 | $0.90 | $0.20 | ||
| Q2 24 | $0.81 | $0.15 |
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 | $16.3M |
| 总债务越低越好 | — | $84.0M |
| 股东权益账面价值 | $470.2M | $542.6M |
| 总资产 | $580.6M | $707.1M |
| 负债/权益比越低杠杆越低 | — | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资APPFOSW
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $16.3M | ||
| Q3 25 | $76.1M | $29.6M | ||
| Q2 25 | $73.5M | $35.0M | ||
| Q1 25 | $56.9M | $22.6M | ||
| Q4 24 | $42.5M | $57.4M | ||
| Q3 24 | $62.4M | $48.8M | ||
| Q2 24 | $59.6M | $62.5M |
总债务APPFOSW
| Q1 26 | — | — | ||
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M |
股东权益APPFOSW
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $542.6M | ||
| Q3 25 | $498.9M | $552.8M | ||
| Q2 25 | $455.6M | $548.3M | ||
| Q1 25 | $462.1M | $530.6M | ||
| Q4 24 | $519.3M | $554.5M | ||
| Q3 24 | $412.8M | $540.1M | ||
| Q2 24 | $371.4M | $532.7M |
总资产APPFOSW
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $707.1M | ||
| Q3 25 | $640.5M | $732.6M | ||
| Q2 25 | $567.4M | $731.8M | ||
| Q1 25 | $564.7M | $708.7M | ||
| Q4 24 | $626.7M | $746.4M | ||
| Q3 24 | $523.3M | $734.0M | ||
| Q2 24 | $479.3M | $756.8M |
负债/权益比APPFOSW
| Q1 26 | — | — | ||
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× |
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 | $20.0M |
| 自由现金流经营现金流 - 资本支出 | — | $14.9M |
| 自由现金流率自由现金流/营收 | — | 6.2% |
| 资本支出强度资本支出/营收 | — | 2.1% |
| 现金转化率经营现金流/净利润 | 0.81× | 1.65× |
| 过去12个月自由现金流最近4个季度 | — | $68.4M |
8季度趋势，按日历期对齐
经营现金流APPFOSW
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $20.0M | ||
| Q3 25 | $86.0M | $33.2M | ||
| Q2 25 | $52.6M | $20.3M | ||
| Q1 25 | $38.5M | $10.1M | ||
| Q4 24 | $36.6M | $16.6M | ||
| Q3 24 | $57.8M | $28.6M | ||
| Q2 24 | $50.9M | $18.7M |
自由现金流APPFOSW
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $14.9M | ||
| Q3 25 | $84.7M | $27.6M | ||
| Q2 25 | $52.4M | $17.6M | ||
| Q1 25 | $38.2M | $8.4M | ||
| Q4 24 | $36.4M | $13.2M | ||
| Q3 24 | $57.4M | $27.5M | ||
| Q2 24 | $50.8M | $17.6M |
自由现金流率APPFOSW
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 6.2% | ||
| Q3 25 | 34.0% | 10.7% | ||
| Q2 25 | 22.2% | 7.3% | ||
| Q1 25 | 17.6% | 3.8% | ||
| Q4 24 | 17.9% | 6.1% | ||
| Q3 24 | 27.9% | 11.4% | ||
| Q2 24 | 25.8% | 7.8% |
资本支出强度APPFOSW
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 2.1% | ||
| Q3 25 | 0.5% | 2.2% | ||
| Q2 25 | 0.1% | 1.1% | ||
| Q1 25 | 0.1% | 0.8% | ||
| Q4 24 | 0.1% | 1.5% | ||
| Q3 24 | 0.2% | 0.5% | ||
| Q2 24 | 0.0% | 0.5% |
现金转化率APPFOSW
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 1.65× | ||
| Q3 25 | 2.56× | 1.36× | ||
| Q2 25 | 1.46× | 1.02× | ||
| Q1 25 | 1.23× | 0.66× | ||
| Q4 24 | 0.36× | 1.15× | ||
| Q3 24 | 1.75× | 1.33× | ||
| Q2 24 | 1.71× | 1.19× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
