AppLovin Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 10, 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	132,004	227,962	110,116	13,545	3,937	35,356
Market Cap Growth	18.52%	107.02%	712.99%	244.04%	-88.87%	-
Enterprise Value	133,184	229,006	112,959	16,206	6,122	36,076
Last Close Price	391.38	673.82	323.83	39.85	10.53	94.26
PE Ratio	38.99	69.11	71.49	40.66	-20.25	1047.33
Forward PE	24.82	50.39	58.54	28.37	41.87	57.55
PEG Ratio	0.66	0.94	2.34	1.42	0.80	2.88
PS Ratio	24.09	41.59	34.15	7.35	1.40	12.66
PB Ratio	62.03	106.79	101.04	10.78	2.07	16.54
P/TBV Ratio	62.70	107.95	103.35	11.50	2.06	15.11
P/FCF Ratio	32.87	57.41	52.46	12.76	9.55	98.09
P/OCF Ratio	32.87	57.41	52.46	12.76	9.54	97.71
EV/Sales Ratio	24.30	41.78	35.04	8.80	2.17	12.92
EV/EBITDA Ratio	31.15	52.69	47.87	12.85	12.26	62.08
EV/EBIT Ratio	32.08	55.16	59.11	20.98	-128.10	240.48
EV/FCF Ratio	33.17	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	0.85	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	0.25	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	0.88	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)	52.69%	54.93%	33.56%	12.58%	-0.75%	2.75%
Return on Invested Capital (ROIC)	89.62%	93.43%	44.41%	16.46%	-1.19%	4.77%
Return on Capital Employed (ROCE)	74.05%	77.33%	41.42%	15.95%	-0.89%	4.24%
Earnings Yield	2.53%	1.45%	1.40%	2.46%	-4.94%	0.10%
FCF Yield	3.04%	1.74%	1.91%	7.84%	10.47%	1.02%
Buyback Yield / Dilution	1.68%	1.68%	4.08%	2.42%	-8.40%	-59.47%
Total Shareholder Return	1.68%	1.68%	4.08%	2.42%	-8.40%	-59.47%

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

SEC Filings: 10-K · 10-Q