LTCH vs APPF vs SMRT Stock Comparison

Latch, Appfolio and SmartRent Prices as of Oct 28, 2026 Peers: Industry group
LTCH Latch, Inc.
$0.17 +13.3% 1M +41.7% 1Y
Market cap
$29.82M
P/E
–
Revenue (TTM)
$66.61M
Div. yield
–
Real Estate Software Technology
1 win
APPF Appfolio Inc
$205.00 +3.6% 1M -16.1% 1Y
Market cap
$7.29B
P/E
42.9x
Revenue (TTM)
$1.09B
Div. yield
–
Real Estate Software Technology
6 wins
SMRT SmartRent, Inc.
$1.36 +13.3% 1M -2.2% 1Y
Market cap
$262.65M
P/E
–
Revenue (TTM)
$151.20M
Div. yield
–
Real Estate Software Technology

Head to Head

7 decided of 12

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

QuestionLTCHAPPFSMRTLeader
Larger companyMarket capitalisation $29.82M $7.29B $262.65M APPF
Cheaper on earningsLower P/E, profitable companies only -0.6x 42.9x -13.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 30.7x — –
Faster revenue growthRevenue growth, trailing twelve months +0.2% +20.0% -2.8% APPF
More profitableNet margin, trailing twelve months -71.3% 15.6% -13.0% APPF
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA 0.4x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +41.7% -16.1% -2.2% LTCH
Better 5-year returnAnnualised price return, 5 years -54.7%/yr +9.3%/yr -36.5%/yr APPF
Less volatileAnnualised volatility, 1 year 170.6% 45.2% 60.2% APPF
Higher overall scoreMean of the five percentile scores vs peers 45/100 76/100 50/100 APPF

Percentile Scorecard

LTCHAPPFSMRT

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

AxisLTCHAPPFSMRT
Valuation 32 #61 of 89 47 #48 of 89 44 #50 of 89
Growth 75 #21 of 81 91 #8 of 81 83 #15 of 81
Profitability 23 #59 of 76 92 #7 of 76 33 #51 of 76
Financial Health 50 #48 of 94 91 #9 of 94 67 #32 of 94
Shareholder Returns – 59 #22 of 52 22 #41 of 52
Overall 45 76 50
  • LTCH 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

PeriodLTCHAPPFSMRTSPY
1 month +13.3%+3.6%+13.3% +0.9%
3 months -5.6%+9.6%+37.4% +5.9%
6 months -29.2%+24.0%+1.5% +8.5%
Year to date +13.3%-11.9%-32.7% +13.3%
1 year +41.7%-16.1%-2.2% +12.4%
3 years -81.1%+9.1%-41.9% +88.1%
3 years, per year -42.6%+2.9%-16.6% +23.5%
5 years -98.1%+55.7%-89.6% +68.2%
5 years, per year -54.7%+9.3%-36.5% +11.0%
10 years —+978.4%— +263.4%
10 years, per year —+26.9%— +13.8%

Risk

MeasureLTCHAPPFSMRTSPY
Volatility, 1Y 170.6%45.2%60.2% 12.7%
Downside volatility, 1Y 224.9%44.0%56.2% 12.7%
Beta vs S&P 500, 1Y 0.850.441.32 1.00
Return / volatility, 1Y 0.24-0.36-0.04 0.98
Max drawdown, 5Y -99.5%-55.4%-94.9% -25.4%
From 52-week high -32.0%-21.8%-35.8% -0.9%
52-week high $0.25$262.26$2.12 $779.14
52-week low $0.10$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.

MultipleLTCHAPPFSMRT
P/E now vs peer median -0.6xmedian 40.6x 42.8xmedian 40.6x -13.3xmedian 40.6x
P/S now vs peer median 0.4xmedian 2.4x 6.7xmedian 2.4x 1.7xmedian 2.4x
EV/EBITDA now vs peer median -0.3xmedian 18.3x 29.3xmedian 18.3x -12.3xmedian 18.3x
P/FCF now vs peer median -1.3xmedian 20.5x 25.8xmedian 20.5x -247.7xmedian 20.5x
P/B now vs peer median 0.6xmedian 1.8x 12.5xmedian 1.8x 1.2xmedian 1.8x
PEG now vs peer median -0.02median 1.74 0.54median 1.74 -0.39median 1.74

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 monthsLTCHAPPFSMRT
Revenue $66.61M $1.09B $151.20M
Gross profit $27.05M $693.53M $54.98M
Operating income -$46.87M $204.71M -$22.56M
Net income -$47.49M $169.86M -$19.60M
Free cash flow -$21.05M $282.10M -$1.05M
R&D $16.10M $199.70M $23.23M
EPS (diluted) $-0.29 $4.77 $-0.10
Cash & equivalents $19.06M $258.54M $92.66M
Total debt $4.36M – –
Shares (diluted) 161.19M 35.58M 192.41M
Enterprise value -$99.43M $6.36B -$133.41M

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
MetricLTCHAPPFSMRT
P/E -0.6x 42.8x -13.3x
P/FCF -1.3x 25.8x -247.7x
P/Operating cash flow -1.3x 25.6x -369.1x
P/S 0.4x 6.7x 1.7x
P/B 0.6x 12.5x 1.2x
P/Tangible book 0.6x 13.2x 1.3x
EV/EBITDA -0.3x 29.3x -12.3x
EV/EBIT -0.2x 34.0x -7.4x
EV/Revenue 0.2x 6.4x 1.1x
EV/FCF -0.6x 24.7x -159.6x
EV/Operating cash flow -0.6x 24.5x -237.9x
PEG (3Y EPS CAGR) -0.02 0.54 -0.39

Growth

14 metrics
MetricLTCHAPPFSMRT
Revenue growth (1Y) 0.2% 20.0% -2.8%
Revenue CAGR (3Y) 17.7% 23.8% -9.9%
Gross profit growth (1Y) -4.3% 20.6% 10.3%
Gross profit CAGR (3Y) 188.8% 26.1% 31.6%
Operating income growth (1Y) -1.4% 54.7% 71.0%
Operating income CAGR (3Y) 28.1% 85.0% 33.4%
Net income growth (1Y) -3.0% -16.6% 72.9%
Net income CAGR (3Y) 28.1% 77.5% 34.9%
EPS growth (1Y) -2.5% -15.0% 73.4%
EPS CAGR (3Y) 30.6% 78.5% 34.1%
Operating cash flow growth (1Y) 61.1% 32.7% 98.4%
Operating cash flow CAGR (3Y) 39.9% 100.5% 77.1%
Free cash flow growth (1Y) 61.7% 33.3% 97.8%
Free cash flow CAGR (3Y) 40.0% 114.3% 73.9%

Profitability

14 metrics
MetricLTCHAPPFSMRT
Gross margin 40.6% 63.8% 36.4%
EBITDA margin -63.7% 21.9% -9.0%
Operating margin -70.4% 18.8% -14.9%
Pretax margin -71.3% 19.6% -13.1%
Net margin -71.3% 15.6% -13.0%
FCF margin -31.6% 25.9% -0.7%
Operating cash flow margin -31.6% 26.1% -0.5%
Return on equity -96.9% 30.6% -8.6%
Return on assets -49.3% 24.9% -6.6%
Return on invested capital – – –
Return on capital employed -68.9% 35.3% -8.9%
Asset turnover 0.7x 1.6x 0.5x
Cash conversion (OCF / net income) 0.4x 1.7x 0.0x
Stock comp / revenue 1.5% 6.8% 6.7%

Financial Health

11 metrics
MetricLTCHAPPFSMRT
Debt / assets 4.7% – –
Debt / equity 0.1x – –
Net debt / EBITDA 0.4x – –
Debt / FCF -0.2x – –
Liabilities / assets 51.0% 18.6% 23.3%
Equity / assets 49.0% 81.4% 76.7%
Interest coverage – – -59.4x
Current ratio 1.7x 4.0x 3.8x
Quick ratio 1.0x 3.5x 3.1x
Cash ratio 0.7x 3.0x 2.2x
Altman Z-score -11.21 36.81 1.00

Shareholder Returns

7 metrics
MetricLTCHAPPFSMRT
Dividend yield – – –
Net buyback yield – 1.7% -0.4%
Shareholder yield – 1.7% -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.

ConsensusLTCHAPPFSMRT
Forward P/E – 30.7xFY2026 –
EPS, next fiscal year $0.00FY2026 $6.68FY2026 $-0.10FY2026
EPS growth, next FY – +26.3%FY2026 –
EPS growth, the year after – +17.4% –
Revenue, next fiscal year $398.17MFY2026 $1.19BFY2026 $154.91MFY2026
Revenue growth, next FY +467.9%FY2026 +25.2%FY2026 +13.1%FY2026
Revenue growth, the year after +34.6% +18.3% +28.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersLTCHAPPFSMRT
Held by institutions 0.6% 65.3% 64.9%
Institutions holding 4 391 130
Change in shares held, QoQ +0.0% +9.3% +3.0%
Institutions buying 1 225 72
Institutions selling 0 130 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.

LTCHAPPFSMRT
LTCH 1.00 0.11 0.02
APPF 0.11 1.00 0.10
SMRT 0.02 0.10 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, LTCH, APPF and SMRT?

Appfolio (APPF) is the largest by market capitalisation: Latch (LTCH) $29.82M, Appfolio (APPF) $7.29B, SmartRent (SMRT) $262.65M.

Which company is growing faster?

Appfolio (APPF) grew revenue fastest over the trailing twelve months: Latch (LTCH) +0.2%, Appfolio (APPF) +20.0%, SmartRent (SMRT) -2.8%.

Which company is more profitable?

Appfolio (APPF) has the highest net margin (Latch (LTCH) -71.3%, Appfolio (APPF) 15.6%, SmartRent (SMRT) -13.0%).

Which stock has performed better?

Over the past year Latch (LTCH) returned the most: Latch (LTCH) +41.7%, Appfolio (APPF) -16.1%, SmartRent (SMRT) -2.2%. Over five years, Appfolio (APPF) compounded fastest (Latch (LTCH) -54.7%/yr, Appfolio (APPF) +9.3%/yr, SmartRent (SMRT) -36.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Appfolio (APPF) has been the steadiest (Latch (LTCH) 170.6%, 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, LTCH, 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.