AppFolio vs Navan
AppFolio reported revenue of $951 million in fiscal 2025, 1.4 times Navan's $702 million in fiscal 2026. AppFolio's revenue grew 19.7% in its latest year, and Navan's grew 30.8%. AppFolio had an operating margin of 16.1%, against -28.0% at Navan. Free cash flow was $239 million at AppFolio and $33 million at Navan. Their fiscal years end in different months (December 31 and January 31), so the periods don't line up exactly.
Side by side
| AppFolio | Navan | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, Jan 31, 2026 |
| Revenue | $951M | $702M |
| Revenue growth | 19.7% | 30.8% |
| Revenue growth a year, last 5 years | 25.1% | — |
| Gross margin | — | 71.3% |
| Operating margin | 16.1% | −28.0% |
| Net margin | 14.8% | −56.7% |
| Free cash flow | $239M | $33M |
| Free cash flow margin | 25.1% | 4.7% |
| Return on capital | 50.2% | — |
| Net debt to EBITDA | −1.4x | — |
| Dividends and buybacks | $146M | $0M |
| Change in diluted share count | −1.2% | 116.0% |
| Last close | $214.32 | $27.20 |
| P/E at the last close | 45.2× | — |
| Insider trades, last 12 months | sold $47.5 million | bought $45.3 million, sold $122.9 million |
| Piotroski F-score | 4 of 8 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
AppFolioNavan
Operating margin
Percent of revenue
AppFolioNavan
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
AppFolioNavan