analyticsVertical SaaS
Data as of Q4 2025
Summary Verdict
CDNS: 3—APPF: 2wins
Rule of 40
44.1CDNS
46.3APPF
check_circleAPPF leads
Revenue Growth
14.1%CDNS
21.5%APPF
check_circleAPPF leads
Gross Margin
99%CDNS
84%APPF
check_circleCDNS leads
FCF Margin
30.0%CDNS
24.8%APPF
check_circleCDNS leads
Operating Margin
28.2%CDNS
15.8%APPF
check_circleCDNS leads
NRR
—CDNS
—APPF
Metric
Rule of 40Efficiency score
CDNS
44.1
APPF
46.3check_circle
Revenue GrowthYoY
CDNS
14.1%
APPF
21.5%check_circle
Gross Margin% of revenue
CDNS
99%check_circle
APPF
84%
FCF MarginFree cash flow
CDNS
30.0%check_circle
APPF
24.8%
Operating MarginGAAP
CDNS
28.2%check_circle
APPF
15.8%
NRRNet retention
CDNS
N/A
APPF
N/A
EV / RevenueValuation multiple
CDNS
N/A
APPF
6.3x
Market CapUSD
CDNS
N/A
APPF
$6.1B
ARR GrowthYoY
CDNS
N/A
APPF
N/A
CAC PaybackMonths to recover
CDNS
N/A
APPF
N/A
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insights
Analysis
As of Q4 2025, CADENCE DESIGN SYSTEMS INC trades at N/A EV/Revenue versus AppFolio, Inc. at 6.3x. On the Rule of 40, CADENCE DESIGN SYSTEMS INC scores 44.1 compared to AppFolio, Inc.'s 46.3, placing AppFolio, Inc. ahead in operating efficiency. Gross margins stand at CADENCE DESIGN SYSTEMS INC 99% vs AppFolio, Inc. 84%.
Sector Context
Both companies operate in the Vertical SaaS sector. The median columns above show where each company stands relative to their peers.