AppFolio, Inc. vs MANHATTAN ASSOCIATES INC
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsVertical SaaS
Data as of Q2 2026
Summary Verdict
APPF: 3—MANH: 2wins
Rule of 40
40.6APPF
31.7MANH
check_circleAPPF leads
Revenue Growth
29.5%APPF
8.2%MANH
check_circleAPPF leads
Gross Margin
87%APPF
78%MANH
check_circleAPPF leads
FCF Margin
11.2%APPF
23.5%MANH
check_circleMANH leads
Operating Margin
17.4%APPF
24.9%MANH
check_circleMANH leads
NRR
—APPF
—MANH
Metric
Rule of 40Efficiency score
APPF
40.6check_circle
MANH
31.7
Revenue GrowthYoY
APPF
29.5%check_circle
MANH
8.2%
Gross Margin% of revenue
APPF
87%check_circle
MANH
78%
FCF MarginFree cash flow
APPF
11.2%
MANH
23.5%check_circle
Operating MarginGAAP
APPF
17.4%
MANH
24.9%check_circle
NRRNet retention
APPF
N/A
MANH
N/A
EV / RevenueValuation multiple
APPF
6.3xcheck_circle
MANH
9.8x
Market CapUSD
APPF
$6.4B
MANH
$11.3Bcheck_circle
ARR GrowthYoY
APPF
N/A
MANH
N/A
CAC PaybackMonths to recover
APPF
N/A
MANH
N/A
insights
Analysis
As of Q2 2026, AppFolio, Inc. trades at 6.3x EV/Revenue versus MANHATTAN ASSOCIATES INC at 9.8x. On the Rule of 40, AppFolio, Inc. scores 40.6 compared to MANHATTAN ASSOCIATES INC's 31.7, placing AppFolio, Inc. ahead in operating efficiency. Gross margins stand at AppFolio, Inc. 87% vs MANHATTAN ASSOCIATES INC 78%.
Sector Context
Both companies operate in the Vertical SaaS sector. The median columns above show where each company stands relative to their peers.