AppLovin Ratios and Metrics

Market cap in millions PEN. Fiscal year is January - December.

Millions PEN. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 9, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	553,064	779,288	376,431	46,302	13,458	120,864
Market Cap Growth	7.62%	107.02%	712.99%	244.04%	-88.87%	-
Enterprise Value	557,118	782,856	386,150	55,401	20,929	123,325
PE Ratio	49.32	69.11	71.49	40.66	-20.25	1047.33
Forward PE	29.69	50.39	58.54	28.37	41.87	57.55
PEG Ratio	-	0.94	2.34	1.42	0.80	2.88
PS Ratio	30.00	41.59	34.15	7.35	1.40	12.66
PB Ratio	77.01	106.79	101.04	10.78	2.07	16.54
P/TBV Ratio	70.01	107.95	103.35	11.50	2.06	15.11
P/FCF Ratio	-	57.41	52.46	12.76	9.55	98.09
P/OCF Ratio	40.94	57.41	52.46	12.76	9.54	97.71
EV/Sales Ratio	29.59	41.78	35.04	8.80	2.17	12.92
EV/EBITDA Ratio	37.78	52.69	47.87	12.85	12.26	62.08
EV/EBIT Ratio	39.06	55.16	59.11	20.98	-128.11	240.48
EV/FCF Ratio	-	57.67	53.82	15.27	14.86	100.08
Debt / Equity Ratio	1.65	1.65	3.25	2.52	1.72	1.54
Debt / EBITDA Ratio	0.82	0.82	1.51	2.52	6.57	5.69
Debt / FCF Ratio	0.89	0.89	1.69	2.99	7.96	9.18
Net Debt / Equity Ratio	0.50	0.50	2.62	2.13	1.16	0.35
Net Debt / EBITDA Ratio	0.24	0.24	1.21	2.12	4.41	1.27
Net Debt / FCF Ratio	0.27	0.27	1.36	2.52	5.34	2.05
Asset Turnover	0.83	0.83	0.57	0.33	0.47	0.67
Quick Ratio	3.23	3.23	1.87	1.54	3.08	4.82
Current Ratio	3.32	3.32	2.19	1.71	3.35	5.05
Return on Equity (ROE)	206.78%	206.78%	134.67%	22.58%	-9.55%	3.57%
Return on Assets (ROA)	54.93%	54.93%	33.56%	12.58%	-0.75%	2.75%
Return on Invested Capital (ROIC)	93.43%	93.43%	44.41%	16.46%	-1.19%	4.77%
Return on Capital Employed (ROCE)	77.33%	77.33%	41.42%	15.95%	-0.89%	4.24%
Earnings Yield	2.03%	1.45%	1.40%	2.46%	-4.94%	0.10%
FCF Yield	-	1.74%	1.91%	7.84%	10.47%	1.02%
Buyback Yield / Dilution	0.95%	0.95%	0.85%	8.33%	7.82%	-5.03%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.