APPN
Appian Corporation
APPN's outlook is improving, though it still trails on the overall score.
MSFT
Microsoft Corporation
MSFT has the edge over APPN overall, supported by lower modeled downside and stronger valuation.
APPN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Stable | |
| Weak |
APPN's revenue is currently healthy, and its profitability and cash flow are stable, but its balance sheet is weak.
MSFT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
MSFT's revenue, profitability, cash flow and balance sheet are all currently healthy.
APPN PE Valuation
APPN has no meaningful PE right now: it lost money over the past year.
MSFT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $523 | — |
| Cheap | 27x | $525 | +0.4% |
| Current | 27x | $523 | — |
| Fair | 34x | $652 | +25% |
| Expensive | 37x | $711 | +36% |
Historical ranges are pointers, not guarantees.
MSFT's PE is in its cheap range at 27x. If earnings grow as analysts expect, today's price would be 25x next year's earnings.
APPN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
APPN has the edge over MSFT on the outlook, with more favorable profitability expectations.
MSFT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for MSFT, with profitability holding steady.
APPN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.39 | — |
| Q3 2026 | -$0.07 | +$0.03 |
| Q2 2026 | -$0.14 | +$0.09 |
| Q1 2026 | $0.02 | +$0.85 |
| Q4 2025 | $0.02 | +$1.28 |
| Q3 2025 | -$0.10 | +$1.11 |
| Q2 2025 | -$0.23 | +$1.25 |
| Q1 2025 | -$0.83 | +$0.63 |
| Q4 2024 | -$1.26 | +$0.26 |
APPN is still losing money, but far less than before: $0.07 per share over the past year, against $2.27 at its worst in early 2023.
MSFT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.79 | +8.6% |
| Q3 2026 | $19.15 | +36% |
| Q2 2026 | $17.95 | +32% |
| Q1 2026 | $16.80 | +30% |
| Q4 2025 | $15.99 | +29% |
| Q3 2025 | $14.06 | +16% |
| Q2 2025 | $13.64 | +16% |
| Q1 2025 | $12.93 | +12% |
| Q4 2024 | $12.41 | +12% |
MSFT has the edge over APPN on earnings quality, reporting a profit while its opponent remains loss making.
APPN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $234.6M | +25% |
| Q2 2026 | $203.3M | +19% |
| Q1 2026 | $202.2M | +21% |
| Q4 2025 | $202.9M | +22% |
| Q3 2025 | $187M | +21% |
| Q2 2025 | $170.6M | +17% |
| Q1 2025 | $166.4M | +11% |
| Q4 2024 | $166.7M | +15% |
APPN has the edge over MSFT on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.1% | +2.1 points |
| Q2 2026 | -2.7% | +3.8 points |
| Q1 2026 | 1.6% | +2.1 points |
| Q4 2025 | -0.3% | -3.4 points |
| Q3 2025 | 7% | +12 points |
| Q2 2025 | -6.4% | +20 points |
| Q1 2025 | -0.5% | +13 points |
| Q4 2024 | 3% | +15 points |
APPN's operating margin was 9.1% last quarter, up 2.1 points from the same quarter a year ago, near the top of its range since 2019.
MSFT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $92.3B | +19% |
| Q2 2026 | $90B | +18% |
| Q1 2026 | $82.9B | +18% |
| Q4 2025 | $81.3B | +17% |
| Q3 2025 | $77.7B | +18% |
| Q2 2025 | $76.4B | +18% |
| Q1 2025 | $70.1B | +13% |
| Q4 2024 | $69.6B | +12% |
MSFT's revenue has grown year over year every quarter since late 2020: $92.3B last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 50% | +0.9 points |
| Q2 2026 | 45% | +0.2 points |
| Q1 2026 | 46% | +0.7 points |
| Q4 2025 | 47% | +1.6 points |
| Q3 2025 | 49% | +2.3 points |
| Q2 2025 | 45% | +1.8 points |
| Q1 2025 | 46% | +1.1 points |
| Q4 2024 | 45% | +1.9 points |
MSFT has the edge over APPN on profitability, with a higher operating margin.
APPN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$20M | -211% |
| Q2 2026 | $9.8M | +$12.9M |
| Q1 2026 | $48.6M | +9.8% |
| Q4 2025 | $270K | -98% |
| Q3 2025 | $18.1M | +$26.7M |
| Q2 2025 | -$3.1M | +$15.3M |
| Q1 2025 | $44.3M | +166% |
| Q4 2024 | $13.4M | +$23M |
APPN has the edge over MSFT on cash flow, with more consistent year-over-year improvement.
MSFT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $18.6B | -27% |
| Q2 2026 | $19.6B | -23% |
| Q1 2026 | $15.8B | -22% |
| Q4 2025 | $5.9B | -9.3% |
| Q3 2025 | $25.7B | +33% |
| Q2 2025 | $25.6B | +9.6% |
| Q1 2025 | $20.3B | -3.2% |
| Q4 2024 | $6.5B | -29% |
MSFT's free cash flow has been positive every quarter for seven years: $60B over the past year, down 23% from the year before.
APPN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -155K shares |
| 1 year | -2.5% | -1.8M shares |
| 3 years | -0.6% | -437K shares |
| 5 years | +2.3% | +1.6M shares |
| Available history | +11% | +7.3M shares |
APPN has the edge over MSFT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $17.3M |
| Q2 2026 | $43.9M |
| Q1 2026 | $21.8M |
| Q4 2025 | — |
| Q3 2025 | $10M |
| Q2 2025 | $10M |
| Q1 2025 | — |
| Q4 2024 | — |
APPN spent $83M buying back its own shares over the past year, about four times what it spent the year before.
MSFT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -7M shares |
| 1 year | -0.3% | -20M shares |
| 3 years | -0.2% | -16M shares |
| 5 years | -1.6% | -121M shares |
| Available history | -3.2% | -245M shares |
MSFT has 7.4B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.4B |
| Q2 2026 | $4.6B |
| Q1 2026 | $4.6B |
| Q4 2025 | $7.4B |
| Q3 2025 | $5.7B |
| Q2 2025 | $4.5B |
| Q1 2025 | $4.8B |
| Q4 2024 | $5B |
MSFT spent $21B buying back its own shares over the past year, up 5.2% from the year before.
APPN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.4x | High |
| Q2 2026 | 5.9x | High |
| Q1 2026 | 6.3x | High |
| Q4 2025 | 10.2x | High |
| Q3 2025 | 7.4x | High |
APPN's net debt is about 5.4 years of its operating earnings (EBITDA), down from 7.4 years a year ago.
MSFT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.1x | Very low |
MSFT has the edge over APPN on leverage, with a lower net debt burden relative to earnings.
APPN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 73.0 | Overbought |
| Stochastic | 87.4 | Overbought |
APPN's weekly RSI is 73 (overbought) and its Stochastic is 87 (overbought).
MSFT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 68.0 | Neutral |
MSFT's weekly RSI is 62 (neutral) and its Stochastic is 68 (neutral).
APPN PE vs Technology Sector
| Metric | APPN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
APPN has no meaningful PE right now: it lost money over the past year.
MSFT PE vs Technology Sector
| Metric | MSFT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 2% below |
| PE % | 16 | 35 | 19 pts below |
MSFT is trading at 27x earnings, in line with the Technology sector's median of 28x.
APPN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $45.3 | 22% above |
| 20 week MA | $37.5 | 47% above |
| 50 week MA | $30.9 | 78% above |
| 100 week MA | $31.3 | 76% above |
| 200 week MA | $34.8 | 58% above |
APPN has the edge over MSFT on trend strength, trading above more of its moving averages.
MSFT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $524.7 | 0.3% below |
| 20 week MA | $484.8 | 7.9% above |
| 50 week MA | $446.9 | 17% above |
| 100 week MA | $453.8 | 15% above |
| 200 week MA | $411.5 | 27% above |
MSFT's trend is up, with a small recent dip: it's below only its 8-week average, and 27% above its 200-week average.
APPN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $37.7 | $158.0 | +319% |
| 2021 | $158.0 | $72.0 | -54% |
| 2022 | $72.0 | $33.8 | -53% |
| 2023 | $33.8 | $37.7 | +11% |
| 2024 | $37.7 | $33.4 | -11% |
| 2025 | $33.4 | $35.8 | +7.1% |
| 2026 YTD | $35.8 | $55.2 | +54% |
APPN has the edge over MSFT on returns for 2026, with the stronger performance.
MSFT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $159.0 | $222.8 | +40% |
| 2021 | $222.8 | $334.7 | +50% |
| 2022 | $334.7 | $238.7 | -29% |
| 2023 | $238.7 | $376.0 | +58% |
| 2024 | $376.0 | $430.5 | +14% |
| 2025 | $430.5 | $487.7 | +13% |
| 2026 YTD | $487.7 | $523.0 | +7.2% |
MSFT has finished higher in five of the last six years, two of them by more than 50%. It's up 7.2% so far in 2026.