DUO vs APPF vs SMRT Stock Comparison

Fangdd Network, Appfolio and SmartRent Prices as of Oct 27, 2026 Peers: Industry group
APPF Appfolio Inc
$201.45 -1.4% 1M -17.9% 1Y
Market cap
$7.14B
P/E
42.0x
Revenue (TTM)
$1.09B
Div. yield
–
Real Estate Software Technology
6 wins
SMRT SmartRent, Inc.
$1.31 +11.0% 1M -9.7% 1Y
Market cap
$251.01M
P/E
–
Revenue (TTM)
$151.20M
Div. yield
–
Real Estate Software Technology
1 win

Head to Head

7 decided of 12

Appfolio leads on 6 of the 12 questions below (Appfolio 6, SmartRent 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDUOAPPFSMRTLeader
Larger companyMarket capitalisation $22.36M $7.14B $251.01M APPF
Cheaper on earningsLower P/E, profitable companies only — 42.0x -12.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 30.2x — –
Faster revenue growthRevenue growth, trailing twelve months — +20.0% -2.8% APPF
More profitableNet margin, trailing twelve months — 15.6% -13.0% APPF
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months -74.0% -17.9% -9.7% SMRT
Better 5-year returnAnnualised price return, 5 years -83.1%/yr +8.7%/yr -36.8%/yr APPF
Less volatileAnnualised volatility, 1 year 100.0% 45.2% 60.2% APPF
Higher overall scoreMean of the five percentile scores vs peers — 76/100 50/100 APPF

Percentile Scorecard

DUOAPPFSMRT

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisDUOAPPFSMRT
Valuation – 47 #48 of 89 44 #50 of 89
Growth – 91 #8 of 81 83 #15 of 81
Profitability – 92 #7 of 76 33 #51 of 76
Financial Health 62 #36 of 94 91 #9 of 94 67 #32 of 94
Shareholder Returns – 60 #21 of 51 22 #40 of 51
Overall – 76 50
  • DUO ranked among 98 companies in Vertical Software
  • APPF ranked among 98 companies in Vertical Software
  • SMRT ranked among 98 companies in Vertical Software

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodDUOAPPFSMRTSPY
1 month -10.8%-1.4%+11.0% -0.2%
3 months -4.9%+13.0%+31.0% +3.9%
6 months -58.3%+19.4%-2.2% +8.2%
Year to date -60.3%-13.4%-35.1% +12.9%
1 year -74.0%-17.9%-9.7% +12.3%
3 years -96.5%+7.2%-44.0% +87.4%
3 years, per year -67.4%+2.3%-17.6% +23.3%
5 years -100.0%+51.4%-89.9% +67.9%
5 years, per year -83.1%+8.7%-36.8% +10.9%
10 years —+960.3%— +261.1%
10 years, per year —+26.6%— +13.7%

Risk

MeasureDUOAPPFSMRTSPY
Volatility, 1Y 100.0%45.2%60.2% 12.7%
Downside volatility, 1Y 99.5%43.8%56.2% 12.7%
Beta vs S&P 500, 1Y 1.660.441.30 1.00
Return / volatility, 1Y -0.74-0.40-0.16 0.97
Max drawdown, 5Y -100.0%-55.4%-94.9% -25.4%
From 52-week high -74.7%-23.2%-38.2% -1.2%
52-week high $2.29$262.26$2.12 $779.14
52-week low $0.47$143.34$0.95 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleDUOAPPFSMRT
P/E now vs peer median —median 40.1x 42.0xmedian 40.1x -12.9xmedian 40.1x
P/S now vs peer median —median 2.5x 6.6xmedian 2.5x 1.7xmedian 2.5x
EV/EBITDA now vs peer median —median 18.5x 28.7xmedian 18.5x -11.6xmedian 18.5x
P/FCF now vs peer median —median 20.1x 25.3xmedian 20.1x -238.6xmedian 20.1x
P/B now vs peer median 0.3xmedian 1.8x 12.3xmedian 1.8x 1.1xmedian 1.8x
PEG now vs peer median —median 1.73 0.54median 1.73 -0.38median 1.73

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsDUOAPPFSMRT
Revenue – $1.09B $151.20M
Gross profit – $693.53M $54.98M
Operating income – $204.71M -$22.56M
Net income – $169.86M -$19.60M
Free cash flow – $282.10M -$1.05M
R&D – $199.70M $23.23M
EPS (diluted) – $4.77 $-0.10
Cash & equivalents $2.04M $258.54M $92.66M
Shares (diluted) 6.54M 35.58M 192.41M
Enterprise value -$66.62M $6.21B -$145.04M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricDUOAPPFSMRT
P/E – 42.0x -12.9x
P/FCF – 25.3x -238.6x
P/Operating cash flow – 25.2x -355.5x
P/S – 6.6x 1.7x
P/B 0.3x 12.3x 1.1x
P/Tangible book 0.5x 12.9x 1.2x
EV/EBITDA – 28.7x -11.6x
EV/EBIT – 33.4x -7.0x
EV/Revenue – 6.3x 1.0x
EV/FCF – 24.2x -150.5x
EV/Operating cash flow – 24.1x -224.3x
PEG (3Y EPS CAGR) – 0.54 -0.38

Growth

14 metrics
MetricDUOAPPFSMRT
Revenue growth (1Y) – 20.0% -2.8%
Revenue CAGR (3Y) – 23.8% -9.9%
Gross profit growth (1Y) – 20.6% 10.3%
Gross profit CAGR (3Y) – 26.1% 31.6%
Operating income growth (1Y) – 54.7% 71.0%
Operating income CAGR (3Y) – 85.0% 33.4%
Net income growth (1Y) – -16.6% 72.9%
Net income CAGR (3Y) – 77.5% 34.9%
EPS growth (1Y) – -15.0% 73.4%
EPS CAGR (3Y) – 78.5% 34.1%
Operating cash flow growth (1Y) – 32.7% 98.4%
Operating cash flow CAGR (3Y) – 100.5% 77.1%
Free cash flow growth (1Y) – 33.3% 97.8%
Free cash flow CAGR (3Y) – 114.3% 73.9%

Profitability

14 metrics
MetricDUOAPPFSMRT
Gross margin – 63.8% 36.4%
EBITDA margin – 21.9% -9.0%
Operating margin – 18.8% -14.9%
Pretax margin – 19.6% -13.1%
Net margin – 15.6% -13.0%
FCF margin – 25.9% -0.7%
Operating cash flow margin – 26.1% -0.5%
Return on equity – 30.6% -8.6%
Return on assets – 24.9% -6.6%
Return on invested capital – – –
Return on capital employed – 35.3% -8.9%
Asset turnover – 1.6x 0.5x
Cash conversion (OCF / net income) – 1.7x 0.0x
Stock comp / revenue – 6.8% 6.7%

Financial Health

11 metrics
MetricDUOAPPFSMRT
Debt / assets – – –
Debt / equity – – –
Net debt / EBITDA – – –
Debt / FCF – – –
Liabilities / assets 24.9% 18.6% 23.3%
Equity / assets 75.1% 81.4% 76.7%
Interest coverage – – -59.4x
Current ratio 1.9x 4.0x 3.8x
Quick ratio 1.7x 3.5x 3.1x
Cash ratio 0.6x 3.0x 2.2x
Altman Z-score – 36.24 0.91

Shareholder Returns

7 metrics
MetricDUOAPPFSMRT
Dividend yield – – –
Net buyback yield – 1.8% -0.4%
Shareholder yield – 1.8% -0.4%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusDUOAPPFSMRT
Forward P/E – 30.2xFY2026 –
EPS, next fiscal year – $6.68FY2026 $-0.10FY2026
EPS growth, next FY – +26.3%FY2026 –
EPS growth, the year after – +17.4% –
Revenue, next fiscal year – $1.19BFY2026 $154.91MFY2026
Revenue growth, next FY – +25.2%FY2026 +13.1%FY2026
Revenue growth, the year after – +18.3% +28.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDUOAPPFSMRT
Held by institutions – 65.3% 64.9%
Institutions holding – 391 130
Change in shares held, QoQ – +9.3% +3.0%
Institutions buying – 225 72
Institutions selling – 130 33
Buyers to sellers – 1.73 2.18

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

DUOAPPFSMRT
DUO 1.00 0.08 0.04
APPF 0.08 1.00 0.10
SMRT 0.04 0.10 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DUO, APPF and SMRT?

Appfolio (APPF) is the largest by market capitalisation: Fangdd Network (DUO) $22.36M, Appfolio (APPF) $7.14B, SmartRent (SMRT) $251.01M.

Which company is growing faster?

Appfolio (APPF) grew revenue fastest over the trailing twelve months: Appfolio (APPF) +20.0%, SmartRent (SMRT) -2.8%.

Which company is more profitable?

Appfolio (APPF) has the highest net margin (Appfolio (APPF) 15.6%, SmartRent (SMRT) -13.0%).

Which stock has performed better?

Over the past year SmartRent (SMRT) returned the most: Fangdd Network (DUO) -74.0%, Appfolio (APPF) -17.9%, SmartRent (SMRT) -9.7%. Over five years, Appfolio (APPF) compounded fastest (Fangdd Network (DUO) -83.1%/yr, Appfolio (APPF) +8.7%/yr, SmartRent (SMRT) -36.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Appfolio (APPF) has been the steadiest (Fangdd Network (DUO) 100.0%, Appfolio (APPF) 45.2%, SmartRent (SMRT) 60.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, DUO, APPF and SMRT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Appfolio (APPF) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.