analyticsVertical SaaS
Data as of Q1 2026
Summary Verdict
PRGS: 2—APPF: 3wins
Rule of 40
52.7PRGS
46.3APPF
check_circlePRGS leads
Revenue Growth
29.1%PRGS
21.5%APPF
check_circlePRGS leads
Gross Margin
81%PRGS
84%APPF
check_circleAPPF leads
FCF Margin
23.6%PRGS
24.8%APPF
check_circleAPPF leads
Operating Margin
15.8%PRGS
15.8%APPF
check_circleAPPF leads
NRR
—PRGS
—APPF
Metric
Rule of 40Efficiency score
PRGS
52.7check_circle
APPF
46.3
Revenue GrowthYoY
PRGS
29.1%check_circle
APPF
21.5%
Gross Margin% of revenue
PRGS
81%
APPF
84%check_circle
FCF MarginFree cash flow
PRGS
23.6%
APPF
24.8%check_circle
Operating MarginGAAP
PRGS
15.8%
APPF
15.8%check_circle
NRRNet retention
PRGS
N/A
APPF
N/A
EV / RevenueValuation multiple
PRGS
2.6xcheck_circle
APPF
6.3x
Market CapUSD
PRGS
$1.1B
APPF
$6.1Bcheck_circle
ARR GrowthYoY
PRGS
N/A
APPF
N/A
CAC PaybackMonths to recover
PRGS
N/A
APPF
N/A
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insights
Analysis
As of Q1 2026, PROGRESS SOFTWARE CORP /MA trades at 2.6x EV/Revenue versus AppFolio, Inc. at 6.3x. On the Rule of 40, PROGRESS SOFTWARE CORP /MA scores 52.7 compared to AppFolio, Inc.'s 46.3, placing PROGRESS SOFTWARE CORP /MA ahead in operating efficiency. Gross margins stand at PROGRESS SOFTWARE CORP /MA 81% 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.