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
+55.5%
EPS
+74.6%
Free cash flow
+12.5%
Total debt
+0.12%

Quarter to September 2026, against a year earlier

385.72 29.62 +8.32%
Market cap
$90.9B
P/E
25.9×
Fwd P/E
14.6×
Dividend yield
—
F-score
8/9
Altman Z
30.21
Beneish M
−2.41
Dividend safety
n/a

AppLovin Corporation (APP) Return on invested capital

Alert me on Return on invested capital

AppLovin Corporation's return on invested capital over the twelve months to 30 September 2026 was 101.6%, up 19.5 percentage points from fiscal 2025 (82.1%). Over the past ten years it has ranged from −3.45% (fiscal 2020) to 82.1% (fiscal 2025) — the current reading is the highest in ten years. That is above the Advertising Agencies industry median of 0.00% and above the Communication Services sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 82.1% 51.49
FY2024 30.6% 18.15
FY2023 12.5% 13.20
FY2022 −0.74% (0.74)
FY2022 0.00% (3.34)
FY2021 3.34% 3.34
FY2021 0.00% 3.45
FY2020 −3.45% (3.45)
FY2020 0.00% (23.02)
FY2019 23.0% 23.02

Against its own ten years

Low −3.45% High 82.1%
Ten-year median 0.00%
Current reading's percentile 100

Return on invested capital against peers

Company Return on invested capital
APP AppLovin Corporation 101.6%
TTD The Trade Desk compare 33.7%
MGNI Magnite, Inc. compare 9.66%
DV DoubleVerify Holdings, Inc. compare 7.30%
OMC Omnicom Group Inc. compare 5.98%
STGW Stagwell Inc. compare 3.95%
ZD Ziff Davis, Inc. compare 0.00%
LFTO Liftoff Mobile, Inc compare 0.00%
WPP WPP PLC compare 0.00%
Advertising Agencies industry median 0.00%
Communication Services sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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