AppLovin Corporation (APP) vs The Trade Desk (TTD)

AppLovin Corporation and The Trade Desk are both Advertising Agencies companies. AppLovin Corporation is the larger, with a market value of $105.3B against $5.9B — 17.8× the size. The Trade Desk trades at the lower P/E: 14.8× against 23.8×. AppLovin Corporation grew revenue faster over the last twelve months: 76.3% against 11.6%. AppLovin Corporation has the higher net margin (64.6% vs 13.6%) and the higher return on invested capital (91.2% vs 33.7%). Across the 22 metrics below, AppLovin Corporation leads on 11 and The Trade Desk on 11.

Valuation

Metric APP TTD Advertising Agencies median
P/E 23.78 14.82 19.90
P/S 15.28 1.97 0.65
P/B 32.99 2.29 1.58
Price to free cash flow 23.51 6.83 8.32
EV/EBITDA 19.37 6.54 11.81
EV/Sales 15.38 1.56 1.11
Earnings yield 4.21% 6.75% (6.44%)
Free cash flow yield 4.25% 14.64% 0.00%

Profitability

Metric APP TTD Advertising Agencies median
Gross margin 88.46% 76.87% 44.25%
Operating margin 77.44% 19.61% 0.00%
Net margin 64.58% 13.61% (6.98%)
Free cash flow margin 66.30% 28.90% 0.00%
Return on equity 203.69% 15.44% 0.00%
Return on assets 61.99% 6.94% 0.00%
Return on invested capital 91.19% 33.65% 0.00%

Growth

Metric APP TTD Advertising Agencies median
Revenue growth (TTM) 76.34% 11.61% 6.06%
EPS growth (last fiscal year) 115.23% 15.38% —
Revenue growth, 5-year CAGR 14.43% 28.21% 4.30%
Net income growth, 5-year CAGR 153.73% 12.84% 0.00%

Health

Metric APP TTD Advertising Agencies median
Debt to equity 1.11 0.00 0.04
Current ratio 4.30 1.72 1.45
Net debt to EBITDA 0.23 (1.85) 0.01

Dividend

Metric APP TTD Advertising Agencies median
Dividend yield — — 5.24%
Payout ratio 0.00 0.00 0.00

Size

Metric APP TTD Advertising Agencies median
Market cap 105.33b 5.93b 43.42m

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