AppFolio (APPF) vs Dropbox (DBX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Dropbox (DBX) has outperformed AppFolio (APPF) over the past year, gaining 13.6% versus a loss of 17.8%. Over five years, APPF leads with a +52.1% price change compared with +9.2% for DBX. Dropbox is the larger company by market cap ($7.19 billion vs $6.98 billion), about 1.0 times the size, while AppFolio is growing revenue faster (+19.7% vs -1.1%).
On valuation, Dropbox trades at a lower forward P/E (10.0x vs 23.4x for AppFolio). Dropbox converts more of its revenue into profit, with a net margin of 20.2% versus 14.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | APPF | DBX |
|---|---|---|
| Share price | $196.97 | $33.08 |
| Market cap | $6.98B | $7.19B |
| 1-day change | -3.12% | -1.93% |
| YTD return | -15.34% | +18.99% |
| 1-year return | -17.76% | +13.64% |
| 5-year return | +52.08% | +9.21% |
| P/E ratio (TTM) | 44.87 | 18.69 |
| Forward P/E | 23.36 | 10.01 |
| EPS (TTM) | $4.39 | $1.77 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $950.82M | $2.52B |
| Revenue growth (YoY) | +19.72% | -1.07% |
| Net income (latest FY) | $140.92M | $508.40M |
| Gross margin | 63.68% | 80.13% |
| Operating margin | 16.08% | 27.33% |
| Net margin | 14.82% | 20.17% |
| 52-week high | $265.02 | $38.17 |
| 52-week low | $142.56 | $21.70 |
| Distance from 52-week high | -25.68% | -13.34% |
| Analyst consensus | strong_buy | underperform |
| Avg. price target upside | +21.10% | -3.87% |
| Average volume | 363.25K | 4.20M |
| Shares outstanding | 24.09M | 142.30M |
| Employees | 1,702 | 2,113 |
| Sector | Technology | Technology |
| Industry | Computer Software: Prepackaged Software | Computer Software: Prepackaged Software |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- DBX has outperformed APPF by 31.4 percentage points over the past year.
- AppFolio trades at a higher earnings multiple (44.9x vs 18.7x trailing P/E).
- Dropbox is more profitable, keeping 20.2 cents of every revenue dollar as net income versus 14.8 cents for AppFolio.
- AppFolio grew revenue faster in its latest fiscal year (+19.72% vs -1.07%).
About AppFolio
APPF stock →AppFolio, Inc., together with its subsidiaries, provides cloud-based platform for the real estate industry in the United States. The company provides a cloud-based platform that assist with accounting, reporting, marketing, leasing, maintenance, workflow automation, and communication services.
Technology · Computer Software: Prepackaged Software · 1,702 employees
About Dropbox
DBX stock →Dropbox, Inc. provides a content collaboration platform in the United States and internationally.
Technology · Computer Software: Prepackaged Software · 2,113 employees
APPF vs DBX FAQ
Which is bigger, AppFolio or Dropbox?
Dropbox (DBX) is larger, with a market capitalization of $7.19B compared with $6.98B for AppFolio (APPF).
Which stock has performed better over the past year, APPF or DBX?
DBX returned +13.64% over the past 12 months, compared with -17.76% for APPF (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, APPF or DBX?
DBX has the lower trailing P/E at 18.7, versus 44.9 for APPF. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are AppFolio and Dropbox in the same industry?
Yes. Both are classified in the Computer Software: Prepackaged Software industry within the Technology sector.