Appfolio Inc (APPF)
Operating profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 135,644 | 140,925 | 98,290 | 61,583 | 963 | -47,228 | -54,980 | -84,231 | -72,370 | -59,760 | -51,954 | -20,878 | -11,878 | -7,288 | -3,915 | 1,284 | 9,783 | 12,624 | 13,398 | 9,349 |
| Revenue (ttm) | US$ in thousands | 797,194 | 767,764 | 729,259 | 680,437 | 627,476 | 577,852 | 536,077 | 505,125 | 473,067 | 444,385 | 414,806 | 386,300 | 359,871 | 336,457 | 323,816 | 315,202 | 308,229 | 302,747 | 287,049 | 269,765 |
| Operating profit margin | 17.02% | 18.36% | 13.48% | 9.05% | 0.15% | -8.17% | -10.26% | -16.68% | -15.30% | -13.45% | -12.52% | -5.40% | -3.30% | -2.17% | -1.21% | 0.41% | 3.17% | 4.17% | 4.67% | 3.47% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $135,644K ÷ $797,194K
= 17.02%
Appfolio Inc's operating profit margin has exhibited fluctuations over the period from March 2020 to December 2024. The company's operating profit margin started at a relatively low level of 3.47% in March 2020, gradually increasing to 4.67% in June 2020 before experiencing a slight decline to 4.17% by September 2020.
However, from December 2020 to June 2022, the operating profit margin trended negatively, reaching negative percentages, indicating that the company's operating expenses were outpacing its operating income during this period.
From March 2024 onwards, there was a significant improvement in the operating profit margin, with a notable recovery to 9.05% in March 2024, increasing further to 18.36% by September 2024. This improvement suggests that the company was able to effectively manage its operating expenses and enhance its operational efficiency during these quarters.
Overall, Appfolio Inc's operating profit margin displayed variability over the analyzed period, with periods of decline interspersed with periods of improvement, reflecting the company's ability to adapt to changing market conditions and manage its operating costs effectively.
Peer comparison
Dec 31, 2024