Appfolio Inc (APPF)

Return on total capital

Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 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
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 156,648 138,181 144,017 139,533 139,839 140,958 98,323 59,716 -903 -49,128 -56,880 -84,035 -72,174 -59,564 -51,758 -20,878 -11,878 -195,047 -191,674 -186,475
Long-term debt US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total stockholders’ equity US$ in thousands 542,579 498,868 455,646 462,119 519,290 412,827 371,412 339,195 297,312 262,656 225,953 240,569 265,546 271,872 264,991 288,743 297,381 291,699 287,267 285,784
Return on total capital 28.87% 27.70% 31.61% 30.19% 26.93% 34.14% 26.47% 17.61% -0.30% -18.70% -25.17% -34.93% -27.18% -21.91% -19.53% -7.23% -3.99% -66.87% -66.72% -65.25%

December 31, 2025 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $156,648K ÷ ($—K + $542,579K)
= 28.87%