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	May '26 May 1, 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	154,680	227,962	110,116	13,382	3,914	35,274
Market Cap Growth	97.99%	107.02%	722.88%	241.90%	-88.90%	-
Enterprise Value	155,860	229,006	112,959	16,043	6,099	35,994
Last Close Price	460.00	673.82	323.83	39.85	10.53	94.26
PE Ratio	45.83	69.11	71.49	40.66	-20.25	1047.33
Forward PE	29.09	50.39	58.54	28.37	41.87	57.55
PEG Ratio	0.78	0.94	2.34	1.42	0.80	2.88
PS Ratio	28.22	41.59	34.15	7.27	1.39	12.63
PB Ratio	72.90	106.79	101.04	10.65	2.06	16.50
P/TBV Ratio	73.69	107.95	103.35	11.50	2.06	15.11
P/FCF Ratio	38.52	57.41	52.46	12.61	9.50	97.86
P/OCF Ratio	38.52	57.41	52.46	12.61	9.48	97.48
EV/Sales Ratio	28.44	41.78	35.04	8.71	2.17	12.89
EV/EBITDA Ratio	36.46	52.69	47.87	12.72	12.22	61.94
EV/EBIT Ratio	37.54	55.16	59.11	20.77	-127.62	239.93
EV/FCF Ratio	38.81	57.67	53.82	15.11	14.80	99.86
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	2.15%	1.45%	1.40%	2.46%	-4.94%	0.10%
FCF Yield	2.60%	1.74%	1.91%	7.93%	10.53%	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 Feb 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q