AppLovin Corporation
APP Communication Services Advertising Agencies
In the quarter to June 2026, revenue grew 52.8%, EPS grew 55.8%, free cash flow grew 12.5% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; operating cash flow growth for five consecutive years.
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AppLovin Corporation (APP) EV/FCF
As of 16 October 2026, AppLovin Corporation (APP) trades at a EV/FCF of 20.3×. Over the past ten years it has ranged from −136× (May 2024) to 115× (November 2021); the current reading is higher than 29% of that period.
EV/FCF, daily
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Annual newest first
| Period | EV/FCF | Change |
|---|---|---|
| FY2025 | 59.1× | 6.98% |
| FY2024 | 55.3× | — |
| FY2023 | −47.8× | — |
| FY2022 | 13.6× | (83.88%) |
| FY2022 | 84.1× | 0.12% |
| FY2021 | 84.0× | 24.62% |
| FY2021 | 67.4× | 0.00% |
| FY2020 | 67.4× | 0.00% |
| FY2020 | 67.4× | 0.00% |
| FY2019 | 67.4× | 0.00% |
Quarterly newest first
| Period | EV/FCF | Change |
|---|---|---|
| Jun 2026 | 39.1× | 25.62% |
| Mar 2026 | 31.2× | (47.31%) |
| Dec 2025 | 59.1× | (20.82%) |
| Sep 2025 | 74.7× | 71.61% |
| 23 more quarters | Free account |
Against its own ten years
EV/FCF against peers
| Company | EV/FCF |
|---|---|
| WPP WPP PLC compare | −32.0× |
| ZD Ziff Davis, Inc. compare | 4.2× |
| TTD The Trade Desk compare | 5.0× |
| QNST QuinStreet, Inc. compare | 7.6× |
| DV DoubleVerify Holdings, Inc. compare | 11.7× |
| OMC Omnicom Group Inc. compare | 12.2× |
| MGNI Magnite, Inc. compare | 16.8× |
| APP AppLovin Corporation | 20.3× |
| STGW Stagwell Inc. compare | 24.6× |
What EV/FCF is
EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))
More on APP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement