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	Mar '26 Mar 2, 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 Capitalization	145,434	227,721	108,675	13,382	3,914	35,274
Market Cap Growth	12.46%	109.54%	712.12%	241.90%	-88.90%	-
Enterprise Value	145,495	229,566	111,617	16,236	6,256	36,059
Last Close Price	434.77	673.82	323.83	39.85	10.53	94.26
PE Ratio	44.24	68.32	68.91	37.75	-	1112.64
Forward PE	27.54	50.39	58.54	28.37	41.87	57.55
PS Ratio	26.33	41.55	33.71	7.27	1.39	12.63
PB Ratio	68.90	106.68	99.72	10.65	2.06	16.50
P/TBV Ratio	728.97	1150.27	-	-	-	-
P/FCF Ratio	35.94	56.71	51.77	12.61	9.50	97.86
P/OCF Ratio	35.94	56.71	51.77	12.61	9.48	97.48
PEG Ratio	0.78	0.94	2.34	1.42	0.80	2.88
EV/Sales Ratio	26.55	41.89	34.62	8.82	2.22	12.91
EV/EBITDA Ratio	34.03	53.70	54.90	18.24	11.93	60.33
EV/EBIT Ratio	35.04	55.29	58.41	21.02	-	216.34
EV/FCF Ratio	36.23	57.17	53.18	15.30	15.18	100.04
Debt / Equity Ratio	1.72	1.72	3.26	2.53	1.76	1.57
Debt / EBITDA Ratio	0.85	0.85	1.73	3.49	6.13	5.22
Debt / FCF Ratio	0.91	0.91	1.69	2.99	8.14	9.33
Net Debt / Equity Ratio	0.55	0.55	2.62	2.13	1.19	0.86
Net Debt / EBITDA Ratio	0.28	0.28	1.41	3.01	4.33	3.08
Net Debt / FCF Ratio	0.29	0.29	1.36	2.52	5.51	5.11
Asset Turnover	0.84	0.84	0.57	0.33	0.47	0.67
Quick Ratio	3.23	3.23	1.87	1.54	3.09	3.18
Current Ratio	3.32	3.32	2.19	1.71	3.35	5.05
Return on Equity (ROE)	212.94%	212.94%	135.50%	28.98%	-9.55%	3.57%
Return on Assets (ROA)	39.53%	39.53%	21.27%	8.62%	-0.20%	2.50%
Return on Invested Capital (ROIC)	108.71%	99.31%	47.83%	17.40%	-0.48%	4.88%
Return on Capital Employed (ROCE)	70.10%	70.10%	39.70%	17.50%	-0.40%	3.00%
Earnings Yield	2.31%	1.46%	1.45%	2.67%	-4.92%	0.10%
FCF Yield	2.78%	1.76%	1.93%	7.93%	10.53%	1.02%
Buyback Yield / Dilution	1.68%	1.68%	4.08%	2.42%	-8.40%	-59.47%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q