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AppLovin Corporation

APP Communication Services Advertising Agencies

AppLovin Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.5 billion, up 70.0% from fiscal 2024.

Revenue: +52.8%
EPS: +55.8%
Free cash flow: +12.5%
Total debt: +0.12%

Quarter to June 2026, against a year earlier

356.46 84.71 +31.17%

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Market cap: $90.9B
P/E: 27.3×
Fwd P/E: 14.6×
Dividend yield: —
F-score: 8/9
Altman Z: 30.21
Beneish M: −2.41
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

AppLovin Corporation (APP) Price to free cash flow

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As of 5 November 2026, AppLovin Corporation (APP) trades at a price to free cash flow of 27.0×. Over the past ten years it has ranged from 0.0× (June 2024) to 114× (November 2021); the current reading is higher than 40% of that period. That is above the Advertising Agencies industry median of 8.4× and above the Communication Services sector median of 10.2×.

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<iframe src="https://stockrow.com/embed/APP/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="AppLovin Corporation price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/APP/metrics/price-to-free-cash-flow">AppLovin Corporation (APP) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	58.8×	9.19%
FY2024	53.9×	—
FY2023	0.0×	—
FY2022	8.8×	(89.32%)
FY2022	82.3×	0.13%
FY2021	82.2×	33.70%
FY2021	61.5×	0.00%
FY2020	61.5×	0.00%
FY2020	61.5×	0.00%
FY2019	61.5×	0.00%

Period	Price to free cash flow	Change
Jun 2026	39.0×	26.03%
Mar 2026	30.9×	(47.40%)
Dec 2025	58.8×	(20.58%)
Sep 2025	74.1×	73.79%
23 more quarters	Free account

Against its own ten years

Low 0.0× High 114×

Ten-year median 36.8×

Current reading's percentile 40

Company	Price to free cash flow
LFTO Liftoff Mobile, Inc compare	n/m
WPP WPP PLC compare	n/m
ZD Ziff Davis, Inc. compare	6.2×
TTD The Trade Desk compare	6.9×
OMC Omnicom Group Inc. compare	8.4×
STGW Stagwell Inc. compare	9.8×
DV DoubleVerify Holdings, Inc. compare	12.6×
MGNI Magnite, Inc. compare	17.8×
APP AppLovin Corporation	27.0×
Advertising Agencies industry median	8.4×
Communication Services sector median	10.2×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

AppLovin Corporation (APP) Price to free cash flow

Price to free cash flow, daily

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Quarterly newest first

Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

Annual newest first

Quarterly newest first

Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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