Summary Verdict
IBEX: 0—APPF: 4wins
Rule of 40
21.9IBEX
46.3APPF
check_circleAPPF leads
Revenue Growth
17.4%IBEX
21.5%APPF
check_circleAPPF leads
Gross Margin
—IBEX
84%APPF
FCF Margin
4.6%IBEX
24.8%APPF
check_circleAPPF leads
Operating Margin
7.8%IBEX
15.8%APPF
check_circleAPPF leads
NRR
—IBEX
—APPF
Metric
Rule of 40Efficiency score
IBEX
21.9
APPF
46.3check_circle
Revenue GrowthYoY
IBEX
17.4%
APPF
21.5%check_circle
Gross Margin% of revenue
IBEX
N/A
APPF
84%
FCF MarginFree cash flow
IBEX
4.6%
APPF
24.8%check_circle
Operating MarginGAAP
IBEX
7.8%
APPF
15.8%check_circle
NRRNet retention
IBEX
N/A
APPF
N/A
EV / RevenueValuation multiple
IBEX
0.5xcheck_circle
APPF
6.3x
Market CapUSD
IBEX
$379.5M
APPF
$6.1Bcheck_circle
ARR GrowthYoY
IBEX
N/A
APPF
N/A
CAC PaybackMonths to recover
IBEX
N/A
APPF
N/A
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insights
Analysis
As of Q4 2025, IBEX Ltd trades at 0.5x EV/Revenue versus AppFolio, Inc. at 6.3x. On the Rule of 40, IBEX Ltd scores 21.9 compared to AppFolio, Inc.'s 46.3, placing AppFolio, Inc. ahead in operating efficiency.
Sector Context
Both companies operate in the Vertical SaaS sector. The median columns above show where each company stands relative to their peers.