AppFolio, Inc. vs CSG SYSTEMS INTERNATIONAL INC
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsVertical SaaS
Data as of Q2 2026
Summary Verdict
APPF: 5—CSGS: 0wins
Rule of 40
40.6APPF
-0.5CSGS
check_circleAPPF leads
Revenue Growth
29.5%APPF
1.4%CSGS
check_circleAPPF leads
Gross Margin
87%APPF
49%CSGS
check_circleAPPF leads
FCF Margin
11.2%APPF
-1.9%CSGS
check_circleAPPF leads
Operating Margin
17.4%APPF
10.3%CSGS
check_circleAPPF leads
NRR
—APPF
—CSGS
Metric
Rule of 40Efficiency score
APPF
40.6check_circle
CSGS
-0.5
Revenue GrowthYoY
APPF
29.5%check_circle
CSGS
1.4%
Gross Margin% of revenue
APPF
87%check_circle
CSGS
49%
FCF MarginFree cash flow
APPF
11.2%check_circle
CSGS
-1.9%
Operating MarginGAAP
APPF
17.4%check_circle
CSGS
10.3%
NRRNet retention
APPF
N/A
CSGS
N/A
EV / RevenueValuation multiple
APPF
6.3x
CSGS
2.2xcheck_circle
Market CapUSD
APPF
$6.4Bcheck_circle
CSGS
$2.3B
ARR GrowthYoY
APPF
N/A
CSGS
N/A
CAC PaybackMonths to recover
APPF
N/A
CSGS
N/A
insights
Analysis
As of Q2 2026, AppFolio, Inc. trades at 6.3x EV/Revenue versus CSG SYSTEMS INTERNATIONAL INC at 2.2x. On the Rule of 40, AppFolio, Inc. scores 40.6 compared to CSG SYSTEMS INTERNATIONAL INC's -0.5, placing AppFolio, Inc. ahead in operating efficiency. Gross margins stand at AppFolio, Inc. 87% vs CSG SYSTEMS INTERNATIONAL INC 49%.
Sector Context
Both companies operate in the Vertical SaaS sector. The median columns above show where each company stands relative to their peers.