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AppLovin Corp

APP

$335.17 ▲ +11.38 (+3.51%) at close

8 Visible periods

32 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Excellent

Moderately Bullish

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Analytical Summary

AppLovin Corp shows strong fundamentals with top-quartile Return on Common Equity (%) and Profit Margin (%). However, watch Debt to Equity which shows concerning trends. Overall, the data suggests a moderately positive outlook with manageable risks.

Market Cap $113.5B

Dividend Yield —

Revenue Growth 16.4% ↘

Op. Margin 75.8% ↗

ROIC 63.9% ↗

FCF / Share $11.72 ↗

Trailing P/E 34.1x

Price / Book 53.1x

FCF Yield 3.5%

Debt / Equity 1.65

info Valuation on last close. End-of-day price, Aug 6, 2026.

8-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$5.48B

↑ +16.4% —

Net Income Profit after all expenses

$3.33B

↑ +111.0% —

Operating Margin Operating profit as % of sales

75.8%

↑ +90.4% 99th

FCF / Share Free cash flow per share

$11.72

↑ +88.6% —

Long-Term Debt Long-term obligations

$3.51B

— +0.1% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Profitability ↑

Returns ↑

100

Financial Health ↑

Cash Quality ↓

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Revenue Growth YoY (%)	16.4% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+37%)	43.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+262%)	16.5% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+38%)	0.9% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-93%)	92.5% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+671%)	46.0% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+283%)	—	—
EPS Growth YoY (%)	110.3% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	363.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	N/M	N/M	—	—
Net Income Growth YoY (%)	111.0% Excellent Excellent Year-over-year change in net income	342.9% Excellent Excellent Year-over-year change in net income	N/M	N/M	N/M	N/M	—	—
FCF Growth YoY (%)	88.6% Excellent → Excellent Stable Year-over-year change in free cash flow	106.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	170.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-0.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	8.6% Fair Fair Year-over-year change in free cash flow	10.5% Fair Fair Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	24.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	19.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	31.3% Excellent Excellent Compound annual revenue growth over 3 years	41.5% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	30.4% Excellent Excellent Compound annual revenue growth over 5 years	36.5% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	260.4% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Operating Margin (%) (%)	75.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+279%)	39.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+99%)	19.7% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	-1.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-108%)	5.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-73%)	-4.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-121%)	19.6% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	—
Effective Tax Rate (%) (%)	13.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	6.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	6.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.7% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	7.2% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	5.7% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	60.8% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+306%)	33.5% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+124%)	10.9% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-28%)	-6.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-146%)	1.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-92%)	-8.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-158%)	12.0% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-20%)	—
FCF Margin (%) (%)	72.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	44.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	32.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	14.6% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	12.9% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	15.1% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	19.6% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.19x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	1.33x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	2.96x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-2.14x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	10.17x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.75x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.64x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Return on Invested Capital (%)	63.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	40.8% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	13.9% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	-0.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	2.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-4.0% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-71.4% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	57.2% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	31.9% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	12.1% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	-0.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	-2.9% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	156.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+744%)	145.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+684%)	28.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+53%)	-10.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-155%)	1.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-91%)	79.0% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+327%)	-46.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-351%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Debt to Equity (x)	1.65x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+266%)	3.22x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+616%)	2.66x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+490%)	1.71x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+279%)	1.52x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+238%)	-10.09x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-2341%)	—	—
Interest Coverage (x)	20.70x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	6.08x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	2.30x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	-0.28x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.45x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-0.80x Weak Weak Operating income divided by interest expense Optimal: > 5x	2.63x Caution Caution Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$1.03B	$2.77B	$2.83B	$2.16B	$1.73B	$1.28B	—	—
Debt / EBITDA (x)	0.81x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.51x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.93x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.50x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.60x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.29x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Revenue per Share (USD)	$16.18	$13.98	$9.33	$7.58	$8.60	$6.75	$4.71	—
Basic EPS, GAAP (USD)	$9.84	$4.68	$1.01	$-0.52	$0.10	$-0.58	$0.36	—
Free Cash Flow per Share (USD)	$11.72	$6.22	$3.00	$1.11	$1.11	$1.02	$0.92	—
Book Value per Share (USD)	$6.31	$3.20	$3.70	$5.09	$5.70	$-0.70	$-1.22	—
Tangible Book Value per Share (USD)	$1.76	$-2.10	$-1.73	$0.21	$3.12	$-1.80	$-1.87	—
Basic Weighted Avg Shares (shares)	338.78M	336.92M	351.95M	371.57M	324.84M	214.94M	210.94M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Working Capital (USD)	$3.10B	$1.25B	$672.04M	$1.36B	$2.59B	$64.94M	—	—
LT Debt (USD)	$3.51B	$3.51B	$3.12B	$3.21B	$3.23B	$1.58B	—	—
Total Equity (USD)	$2.13B	$1.09B	$1.26B	$1.90B	$2.14B	$-158.54M	$-256.57M	$-378.36M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Sales/Revenue/Turnover (USD)	$5.48B	$4.71B	$3.28B	$2.82B	$2.79B	$1.45B	$994.10M	—
Depreciation Expense (USD)	$194.78M	$448.68M	$489.01M	$547.08M	$431.06M	$254.95M	$92.81M	—
Net Income, GAAP (USD)	$3.33B	$1.58B	$356.71M	$-192.75M	$35.45M	$-125.19M	$119.04M	—
Operating Cash Flow (USD)	$3.97B	$2.10B	$1.06B	$412.77M	$361.85M	$222.88M	$198.46M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 8 years · 27 quarters

AppLovin Corp

Analytical Summary

8-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

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