AppLovin Corporation (APP)

NASDAQ: APP · Real-Time Price · USD

312.47

-2.78 (-0.88%)

At close: Sep 24, 2026, 4:00 PM EDT

312.67

+0.20 (0.06%)

After-hours: Sep 24, 2026, 7:59 PM EDT

AppLovin Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 24, 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	104,568	227,721	108,675	13,382	3,914	35,274
Market Cap Growth	-52.53%	109.54%	712.12%	241.90%	-88.90%	-
Enterprise Value	105,030	229,850	111,617	16,236	6,256	36,059
Last Close Price	312.47	673.82	323.83	39.85	10.53	94.26

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 24, 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
PE Ratio	24.02	68.32	68.91	37.75	-	1112.64
Forward PE	17.32	50.39	58.54	28.37	41.87	57.55
PS Ratio	15.31	41.55	33.71	7.27	1.39	12.63
PB Ratio	33.12	106.68	99.72	10.65	2.06	16.50
P/TBV Ratio	81.14	1150.27	-	-	-	-
P/FCF Ratio	23.10	56.71	51.77	12.61	9.50	97.86
P/OCF Ratio	23.10	56.71	51.77	12.61	9.48	97.48
PEG Ratio	0.54	0.94	2.34	1.42	0.80	2.88

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 24, 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
EV/Sales Ratio	15.38	41.94	34.62	8.82	2.22	12.91
EV/EBITDA Ratio	19.40	53.77	54.90	18.24	11.93	60.33
EV/EBIT Ratio	19.86	55.36	58.41	21.02	-	216.34
EV/FCF Ratio	23.20	57.24	53.18	15.30	15.18	100.04

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 24, 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
Debt / Equity Ratio	1.11	1.72	3.26	2.53	1.76	1.57
Debt / EBITDA Ratio	0.65	0.85	1.73	3.49	6.13	5.22
Debt / FCF Ratio	0.78	0.91	1.69	2.99	8.14	9.33
Net Debt / Equity Ratio	0.15	0.55	2.62	2.13	1.19	0.86
Net Debt / EBITDA Ratio	0.09	0.28	1.41	3.01	4.33	3.08
Net Debt / FCF Ratio	0.10	0.29	1.36	2.52	5.51	5.11
Asset Turnover	0.96	0.84	0.57	0.33	0.47	0.67
Quick Ratio	4.17	3.23	1.87	1.54	3.09	3.18
Current Ratio	4.30	3.32	2.19	1.71	3.35	5.05
Return on Equity (ROE)	203.69%	212.94%	135.50%	28.98%	-9.55%	3.57%
Return on Assets (ROA)	46.46%	39.53%	21.27%	8.62%	-0.20%	2.50%
Return on Invested Capital (ROIC)	132.73%	99.31%	47.83%	17.40%	-0.48%	4.59%
Return on Capital Employed (ROCE)	75.40%	70.10%	39.70%	17.50%	-0.40%	3.00%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 24, 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
Earnings Yield	4.22%	1.46%	1.45%	2.67%	-4.92%	0.10%
FCF Yield	4.33%	1.76%	1.93%	7.93%	10.53%	1.02%
Buyback Yield / Dilution	1.81%	1.68%	4.08%	2.42%	-8.40%	-59.47%

SEC Filings: 10-K · 10-Q