analyticsVertical SaaS
Data as of Q4 2025
Summary Verdict
RAMP: 1—APPF: 4wins
Rule of 40
40.2RAMP
46.3APPF
check_circleAPPF leads
Revenue Growth
21.6%RAMP
21.5%APPF
check_circleRAMP leads
Gross Margin
66%RAMP
84%APPF
check_circleAPPF leads
FCF Margin
18.6%RAMP
24.8%APPF
check_circleAPPF leads
Operating Margin
0.7%RAMP
15.8%APPF
check_circleAPPF leads
NRR
—RAMP
—APPF
Metric
Rule of 40Efficiency score
RAMP
40.2
APPF
46.3check_circle
Revenue GrowthYoY
RAMP
21.6%check_circle
APPF
21.5%
Gross Margin% of revenue
RAMP
66%
APPF
84%check_circle
FCF MarginFree cash flow
RAMP
18.6%
APPF
24.8%check_circle
Operating MarginGAAP
RAMP
0.7%
APPF
15.8%check_circle
NRRNet retention
RAMP
N/A
APPF
N/A
EV / RevenueValuation multiple
RAMP
2.2xcheck_circle
APPF
6.3x
Market CapUSD
RAMP
$1.8B
APPF
$6.1Bcheck_circle
ARR GrowthYoY
RAMP
N/A
APPF
N/A
CAC PaybackMonths to recover
RAMP
N/A
APPF
N/A
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insights
Analysis
As of Q4 2025, LiveRamp Holdings, Inc. trades at 2.2x EV/Revenue versus AppFolio, Inc. at 6.3x. On the Rule of 40, LiveRamp Holdings, Inc. scores 40.2 compared to AppFolio, Inc.'s 46.3, placing AppFolio, Inc. ahead in operating efficiency. Gross margins stand at LiveRamp Holdings, Inc. 66% 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.