AppFolio, Inc.

APPF Technology Software Application

AppFolio, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $950.8 million, up 19.7% from fiscal 2024.

Revenue
+18.6%
EPS
+38.3%
Free cash flow
+14.5%

Quarter to September 2026, against a year earlier

232.54 4.31 −1.82%
Market cap
$8.3B
P/E
48.8×
Fwd P/E
44.1×
Dividend yield
—
F-score
5/9
Altman Z
37.76
Beneish M
−2.90
Dividend safety
n/a

AppFolio, Inc. (APPF) Return on invested capital

Alert me on Return on invested capital

AppFolio, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 46.5%, up 13.7 percentage points from fiscal 2025 (32.8%). Over the past ten years it has ranged from −42.9% (fiscal 2022) to 35.2% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Software Application industry median of 0.00% and above the Technology sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 32.8% (2.37)
FY2024 35.2% 34.47
FY2023 0.70% 43.58
FY2022 −42.9% (38.64)
FY2021 −4.24% (9.45)
FY2020 5.21% 2.36
FY2019 2.85% (21.26)
FY2018 24.1% 9.21
FY2017 14.9% 27.00
FY2016 −12.1% 6.51

Against its own ten years

Low −42.9% High 35.2%
Ten-year median 2.85%
Current reading's percentile 91

Return on invested capital against peers

Company Return on invested capital
IDCC InterDigital, Inc. compare 53.2%
DUOL Duolingo, Inc. compare 47.6%
APPF AppFolio, Inc. 46.5%
PCTY Paylocity Holding Corporation compare 23.4%
YMM Full Truck Alliance Co. Ltd. Sponsored ADR compare 15.6%
QNT Quantinuum Inc. compare 0.00%
YOU CLEAR Secure, Inc. compare 0.00%
ESTC Elastic N.V. compare −7.35%
TTAN ServiceTitan Inc. compare −7.67%
Software Application industry median 0.00%
Technology sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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