Appfolio vs Duolingo
Appfolio and Duolingo are similar in size: $951m and $1.04bn of revenue in their latest fiscal years. Duolingo grew faster (38.7% against 19.7%). Duolingo kept more of each dollar of sales as profit: a net margin of 39.9% against 14.8%.
| Latest fiscal year | AppfolioAPPF, 2025 | DuolingoDUOL, 2025 |
|---|---|---|
| Revenue | $951m | $1.04bn |
| Revenue growth | 19.7% | 38.7% |
| Net income | $141m | $414m |
| Operating margin | — | 13.1% |
| Net margin | 14.8% | 39.9% |
| Return on equity | 26.5% | 38.1% |
| Free cash flow | $239m | $370m |
| Cash | $107m | $1.04bn |
| Total debt | $0 | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $146m | — |
| Employees | 1,702 | 720 |
| Market value | $7.98bn | $6.47bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 54 (Moderate) | 72 (Strong) |
| Insider trades, 12 months | 0 buys, 396 sales | 1 buys, 85 sales |