Summary Verdict
INOD: 2—APPF: 3wins
Rule of 40
61.8INOD
46.3APPF
check_circleINOD leads
Revenue Growth
47.6%INOD
21.5%APPF
check_circleINOD leads
Gross Margin
40%INOD
84%APPF
check_circleAPPF leads
FCF Margin
14.2%INOD
24.8%APPF
check_circleAPPF leads
Operating Margin
15.8%INOD
15.8%APPF
check_circleAPPF leads
NRR
—INOD
—APPF
Metric
Rule of 40Efficiency score
INOD
61.8check_circle
APPF
46.3
Revenue GrowthYoY
INOD
47.6%check_circle
APPF
21.5%
Gross Margin% of revenue
INOD
40%
APPF
84%check_circle
FCF MarginFree cash flow
INOD
14.2%
APPF
24.8%check_circle
Operating MarginGAAP
INOD
15.8%
APPF
15.8%check_circle
NRRNet retention
INOD
N/A
APPF
N/A
EV / RevenueValuation multiple
INOD
N/A
APPF
6.3x
Market CapUSD
INOD
N/A
APPF
$6.1B
ARR GrowthYoY
INOD
N/A
APPF
N/A
CAC PaybackMonths to recover
INOD
N/A
APPF
N/A
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insights
Analysis
As of Q4 2025, INNODATA INC trades at N/A EV/Revenue versus AppFolio, Inc. at 6.3x. On the Rule of 40, INNODATA INC scores 61.8 compared to AppFolio, Inc.'s 46.3, placing INNODATA INC ahead in operating efficiency. Gross margins stand at INNODATA INC 40% 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.