AppFolio Stock vs Competition: Who Wins?
AppFolio‘s stock, as of March 3, 2026, has delivered mixed returns, outperforming some peers while trailing others. Despite a premium valuation (PE ~48), APPF demonstrates robust revenue growth (~20%) and solid profitability, marked by strong free cash flow generation (~25% FCF margin). However, this elevated valuation implies limited near-term upside without sustained strong execution or market expansion.
- APPF’s 16.1% operating margin is strong but trails ADSK’s 23.9%, reflecting ADSK’s mature subscription model and dominant design software niche.
- APPF’s 19.7% revenue growth signals robust proptech adoption, outpacing ADSK and SPOK, but trails HIT, showing varied market maturity.
- APPF’s stock is down 11.9% (PE 48.1), underperforming ADSK, suggesting investor re-evaluation of future growth in the evolving proptech market.
Here’s how AppFolio stacks up across size, valuation, and profitability versus key peers.
| APPF | ADSK | SPOK | HIT | |
|---|---|---|---|---|
| Market Cap ($ Bil) | 6.8 | 54.0 | 0.3 | 0.1 |
| Revenue ($ Bil) | 1.0 | 6.9 | 0.1 | 0.0 |
| PE Ratio | 48.1 | 48.6 | 15.2 | 55.8 |
| LTM Revenue Growth | 19.7% | 15.6% | 1.5% | 55.1% |
| LTM Operating Margin | 16.1% | 23.9% | 14.8% | 4.5% |
| LTM FCF Margin | 24.8% | 30.2% | 16.2% | -2.6% |
| 12M Market Return | -11.9% | -6.8% | -20.3% | -78.5% |
For more details on AppFolio, read Buy or Sell APPF Stock. Below we compare APPF’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| APPF | 19.7% | 19.7% | 28.0% | 31.5% | |
| ADSK | 15.6% | 11.5% | 9.8% | 14.1% | |
| SPOK | 1.5% | – | -1.0% | 3.3% | -5.4% |
| HIT | 55.1% | – | 1.8% | 231.9% | � |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| APPF | 16.1% | 16.1% | 17.1% | 0.2% | |
| ADSK | 23.9% | 22.3% | 20.5% | 19.8% | |
| SPOK | 14.8% | – | 14.6% | 15.7% | 5.6% |
| HIT | 4.5% | – | 5.1% | 17.7% | 3.6% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| APPF | 48.1 | 59.5 | 43.8 | 2284.4 | |
| ADSK | 48.6 | 57.2 | 69.8 | 63.9 | |
| SPOK | 15.2 | – | 17.8 | 20.4 | 13.9 |
| HIT | 55.8 | – | 122.9 | 116.9 | � |
Still not sure about APPF stock? Consider portfolio approach.
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