Head-to-head · free
APPS vs Joint Stock Company Kaspi.kz
APPS vs KSPI — return on capital, cash generation, margins and balance sheet side by side.
APPS
1 / 4
measures where APPS leads
KSPI
3 / 4
measures where KSPI leads
A simple count of which company scores better on each measure — not a recommendation to buy or sell.
| Measure | APPS · FY2026 | KSPI |
|---|---|---|
| Revenue | $565.3M | — |
| Net income | (37.7M) | — |
| Revenue growth (yearly, multi-year) | -6.8% | — |
| Free cash flow | $11.2M | — |
| Free cash flow margin | 2.0% | — |
| Net cash / (debt) | — | — |
| ROIC | — | 42.8% |
| Return on equity | -21.8% | 53.5% |
| Gross margin | 48.6% | 47.4% |
| Operating margin | 6.0% | 32.6% |
| Net debt / EBITDA | 3.06x | -0.35x |
Figures are as reported by each company; latest fiscal year shown.
Where APPS's cash went (FY2026)
- Capital spending
- $30.6M
- Buybacks
- —
- Dividends
- —
- Acquisitions
- —
- Net debt issued / (repaid)
- —
Ask which business is stronger
"Which one reinvests at higher returns?" "Who carries more risk in its filings?" Get answers drawn straight from both companies' filings.
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