Summary Verdict
NCNO: 0—APPF: 5wins
Rule of 40
23.9NCNO
46.3APPF
check_circleAPPF leads
Revenue Growth
10.0%NCNO
21.5%APPF
check_circleAPPF leads
Gross Margin
61%NCNO
84%APPF
check_circleAPPF leads
FCF Margin
13.9%NCNO
24.8%APPF
check_circleAPPF leads
Operating Margin
0.6%NCNO
15.8%APPF
check_circleAPPF leads
NRR
—NCNO
—APPF
Metric
Rule of 40Efficiency score
NCNO
23.9
APPF
46.3check_circle
Revenue GrowthYoY
NCNO
10.0%
APPF
21.5%check_circle
Gross Margin% of revenue
NCNO
61%
APPF
84%check_circle
FCF MarginFree cash flow
NCNO
13.9%
APPF
24.8%check_circle
Operating MarginGAAP
NCNO
0.6%
APPF
15.8%check_circle
NRRNet retention
NCNO
N/A
APPF
N/A
EV / RevenueValuation multiple
NCNO
N/A
APPF
6.3x
Market CapUSD
NCNO
N/A
APPF
$6.1B
ARR GrowthYoY
NCNO
N/A
APPF
N/A
CAC PaybackMonths to recover
NCNO
N/A
APPF
N/A
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insights
Analysis
As of Q1 2026, nCino, Inc. trades at N/A EV/Revenue versus AppFolio, Inc. at 6.3x. On the Rule of 40, nCino, Inc. scores 23.9 compared to AppFolio, Inc.'s 46.3, placing AppFolio, Inc. ahead in operating efficiency. Gross margins stand at nCino, Inc. 61% 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.