MASK vs ICE vs APPF Stock Comparison

3 E Network Technology, Intercontinental Exchange and Appfolio Prices as of Oct 26, 2026 Peers: Industry group
APPF Appfolio Inc
$214.32 +4.9% 1M -11.7% 1Y
Market cap
$7.12B
P/E
41.9x
Revenue (TTM)
$1.09B
Div. yield
–
Real Estate Software Technology
3 wins

Head to Head

9 decided of 12

Intercontinental Exchange leads on 6 of the 12 questions below (Intercontinental Exchange 6, Appfolio 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionMASKICEAPPFLeader
Larger companyMarket capitalisation $294.65K $87.70B $7.12B ICE
Cheaper on earningsLower P/E, profitable companies only — 21.7x 41.9x ICE
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 18.4x 32.1x ICE
Faster revenue growthRevenue growth, trailing twelve months — +6.9% +20.0% APPF
More profitableNet margin, trailing twelve months — 30.1% 15.6% ICE
Better return on capitalReturn on invested capital — 8.5% — –
Less leveragedLower net debt / EBITDA — 2.6x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.00% –
Better 1-year returnPrice return, last 12 months -94.6% +1.5% -11.7% ICE
Better 5-year returnAnnualised price return, 5 years — +3.8%/yr +10.6%/yr APPF
Less volatileAnnualised volatility, 1 year 199.5% 25.7% 44.8% ICE
Higher overall scoreMean of the five percentile scores vs peers — 56/100 75/100 APPF

Percentile Scorecard

MASKICEAPPF

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

AxisMASKICEAPPF
Valuation – 59 #40 of 97 46 #49 of 90
Growth – 52 #33 of 68 91 #8 of 82
Profitability – 83 #12 of 67 92 #7 of 77
Financial Health 48 #50 of 96 35 #63 of 97 90 #11 of 96
Shareholder Returns – 49 #21 of 40 57 #24 of 54
Overall – 56 75
  • MASK ranked among 99 companies in Vertical Software
  • ICE ranked among 112 companies in Capital Markets
  • APPF ranked among 99 companies in Vertical Software

Price Performance

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

Returns

PeriodMASKICEAPPFSPY
1 month -16.1%+3.7%+4.9% -0.8%
3 months -52.3%+7.7%+27.0% +3.5%
6 months -56.8%+2.0%+26.3% +7.0%
Year to date -87.9%-1.2%-7.9% +12.2%
1 year -94.6%+1.5%-11.7% +13.0%
3 years —+52.8%+14.0% +86.3%
3 years, per year —+15.2%+4.5% +23.1%
5 years —+20.4%+65.2% +68.6%
5 years, per year —+3.8%+10.6% +11.0%
10 years —+200.5%+1,022.7% +258.0%
10 years, per year —+11.6%+27.4% +13.6%

Risk

MeasureMASKICEAPPFSPY
Volatility, 1Y 199.5%25.7%44.8% 12.7%
Downside volatility, 1Y 151.6%27.3%43.1% 12.7%
Beta vs S&P 500, 1Y 3.050.170.46 1.00
Return / volatility, 1Y -0.470.06-0.26 1.02
Max drawdown, 5Y -99.3%-35.1%-55.4% -25.4%
From 52-week high -94.9%-8.6%-18.3% -1.8%
52-week high $14.25$175.10$262.26 $779.14
52-week low $0.73$122.91$143.34 $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.

MultipleMASKICEAPPF
P/E now vs peer median —median 42.4x 22.4xmedian 29.4x 44.7xmedian 42.4x
P/S now vs peer median —median 2.7x 6.7xmedian 2.9x 7.0xmedian 2.7x
EV/EBITDA now vs peer median —median 19.0x 15.3xmedian 13.7x 30.7xmedian 19.0x
P/FCF now vs peer median —median 19.4x 17.7xmedian 16.0x 26.9xmedian 19.4x
P/B now vs peer median 0.0xmedian 1.8x 3.0xmedian 2.3x 13.0xmedian 1.8x
PEG now vs peer median —median 1.75 0.67median 0.52 0.57median 1.75

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 monthsMASKICEAPPF
Revenue – $13.43B $1.09B
Gross profit – – $693.53M
Operating income – $5.47B $204.71M
Net income – $4.10B $169.86M
Free cash flow – $5.08B $282.10M
R&D – – $199.70M
EPS (diluted) – $7.13 $4.77
Cash & equivalents $35.28K $1.07B $258.54M
Total debt – $19.85B –
Shares (diluted) 423.90K 566.00M 35.58M
Enterprise value -$136.90K $81.43B $6.19B

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
MetricMASKICEAPPF
P/E – 22.4x 44.7x
P/FCF – 17.7x 26.9x
P/Operating cash flow – 16.3x 26.8x
P/S – 6.7x 7.0x
P/B 0.0x 3.0x 13.0x
P/Tangible book 0.0x 6.1x 13.8x
EV/EBITDA – 15.3x 30.7x
EV/EBIT – 19.7x 35.6x
EV/Revenue – 8.0x 6.7x
EV/FCF – 21.2x 25.8x
EV/Operating cash flow – 19.5x 25.7x
PEG (3Y EPS CAGR) – 0.67 0.57

Growth

14 metrics
MetricMASKICEAPPF
Revenue growth (1Y) – 6.9% 20.0%
Revenue CAGR (3Y) – 11.9% 23.8%
Gross profit growth (1Y) – – 20.6%
Gross profit CAGR (3Y) – – 26.1%
Operating income growth (1Y) – 16.4% 54.7%
Operating income CAGR (3Y) – 13.9% 85.0%
Net income growth (1Y) – 34.1% -16.6%
Net income CAGR (3Y) – 33.1% 77.5%
EPS growth (1Y) – 36.6% -15.0%
EPS CAGR (3Y) – 33.3% 78.5%
Operating cash flow growth (1Y) – 13.1% 32.7%
Operating cash flow CAGR (3Y) – 14.9% 100.5%
Free cash flow growth (1Y) – 13.9% 33.3%
Free cash flow CAGR (3Y) – 14.1% 114.3%

Profitability

14 metrics
MetricMASKICEAPPF
Gross margin – – 63.8%
EBITDA margin – 52.3% 21.9%
Operating margin – 40.7% 18.8%
Pretax margin – 39.7% 19.6%
Net margin – 30.1% 15.6%
FCF margin – 37.8% 25.9%
Operating cash flow margin – 41.1% 26.1%
Return on equity – 13.9% 30.6%
Return on assets – 2.3% 24.9%
Return on invested capital – 8.5% –
Return on capital employed – 9.7% 35.3%
Asset turnover – 0.1x 1.6x
Cash conversion (OCF / net income) – 1.3x 1.7x
Stock comp / revenue – 2.0% 6.8%

Financial Health

11 metrics
MetricMASKICEAPPF
Debt / assets – 11.4% –
Debt / equity – 0.7x –
Net debt / EBITDA – 2.6x –
Debt / FCF – 3.9x –
Liabilities / assets 35.9% 83.0% 18.6%
Equity / assets 64.1% 17.0% 81.4%
Interest coverage – 6.8x –
Current ratio 3.0x 1.0x 4.0x
Quick ratio 1.4x 0.0x 3.5x
Cash ratio 0.0x 0.0x 3.0x
Altman Z-score – 0.74 38.29

Shareholder Returns

7 metrics
MetricMASKICEAPPF
Dividend yield – 1.3% –
Net buyback yield – 2.2% 1.7%
Shareholder yield – 3.5% 1.7%
Payout ratio (earnings) – 27.8% –
Payout ratio (FCF) – 22.5% –
Dividend growth (1Y) – 6.1% –
Dividend CAGR (3Y) – 8.3% –

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.

ConsensusMASKICEAPPF
Forward P/E – 18.4xFY2026 32.1xFY2026
EPS, next fiscal year – $8.69FY2026 $6.68FY2026
EPS growth, next FY – +25.0%FY2026 +26.3%FY2026
EPS growth, the year after – -3.2% +17.4%
Revenue, next fiscal year – $10.54BFY2026 $1.19BFY2026
Revenue growth, next FY – +6.1%FY2026 +25.2%FY2026
Revenue growth, the year after – +16.0% +18.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMASKICEAPPF
Held by institutions – 92.5% 96.0%
Institutions holding – 1,651 391
Change in shares held, QoQ – +1.4% +9.3%
Institutions buying – 734 225
Institutions selling – 694 130
Buyers to sellers – 1.06 1.73

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.

MASKICEAPPF
MASK 1.00 -0.02 0.06
ICE -0.02 1.00 0.30
APPF 0.06 0.30 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MASK, ICE and APPF?

Intercontinental Exchange (ICE) is the largest by market capitalisation: 3 E Network Technology (MASK) $294.65K, Intercontinental Exchange (ICE) $87.70B, Appfolio (APPF) $7.12B.

Which stock is cheaper, MASK, ICE and APPF?

Intercontinental Exchange (ICE) trades on the lowest price-to-earnings ratio (Intercontinental Exchange (ICE) 21.7x, Appfolio (APPF) 41.9x). On next year's consensus earnings, Intercontinental Exchange (ICE) is cheapest (Intercontinental Exchange (ICE) 18.4x, Appfolio (APPF) 32.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Appfolio (APPF) grew revenue fastest over the trailing twelve months: Intercontinental Exchange (ICE) +6.9%, Appfolio (APPF) +20.0%.

Which company is more profitable?

Intercontinental Exchange (ICE) has the highest net margin (Intercontinental Exchange (ICE) 30.1%, Appfolio (APPF) 15.6%).

Which stock has performed better?

Over the past year Intercontinental Exchange (ICE) returned the most: 3 E Network Technology (MASK) -94.6%, Intercontinental Exchange (ICE) +1.5%, Appfolio (APPF) -11.7%. Over five years, Appfolio (APPF) compounded fastest (Intercontinental Exchange (ICE) +3.8%/yr, Appfolio (APPF) +10.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: 3 E Network Technology (MASK) 0.00%, Intercontinental Exchange (ICE) 0.01%, Appfolio (APPF) 0.00%. 3 E Network Technology (MASK) and Appfolio (APPF) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Intercontinental Exchange (ICE) has been the steadiest (3 E Network Technology (MASK) 199.5%, Intercontinental Exchange (ICE) 25.7%, Appfolio (APPF) 44.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, MASK, ICE and APPF?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Intercontinental Exchange (ICE) 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.