APP
AppLovin Corp
Technology • CIK 0001751008
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Market Cap
$125.13B
P/E (TTM)
31.8x
Rev Growth (TTM)
+66.4%
Net Margin (TTM)
63.5%
FCF Yield (TTM)
3.5%
FCF Margin (TTM)
71.9%
Filings
Primary-source SEC disclosures, read end-to-end — every figure traceable to its filing.
10-QAug 20262026-08-05source
8-KEarnings2026-08-05source
8-KJun 20262026-06-05source
10-Q2026 Q12026-05-06source
8-KEarnings2026-05-06source
What your agent reads
Investor Relations
Company-published material — management’s own words, not SEC-audited. Each source below is labeled so your agent knows what to verify.
Company-published, not SEC-audited
Earnings
Q2
11 days ago
8-K releaseRevenue
$1.92B
+53.0%
Net Income
$1.27B
—
EPS
$3.76
+57.3%
Most recent quarterly earnings snapshot
Cash Flow Health
Free Cash Flow8/8 positive
TTM$4.4B
Q1 '26
$1.3B-2%
Q4 '25
$1.3B+25%
FCF Margin
TTM71.9%
Q1 '2670.1%-12%
Sector: 8.5%Top 10%
OCF Margin71.9%
OCF/NI1.12x
CapEx Coverage–
FCF Yield3.5%
FCF Growth (2Y)+82%
Cash Conversion Cycle
-213 days
DSO: 100+DIO: –−DPO: 313
Cash flow trends & capital efficiency
Capital Allocation
Total Shareholder YieldTTM
TTM1.7%
Div Yield0.0%
+Buyback (TTM)1.7%
Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$4.4B
Stock Repurchases (TTM)$2.2B
Capital Return / FCF49.0%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders
Valuation Metrics
Price-to-EarningsTTM
31.8x
Volatile
8Q: 37.6x+1981%
Valuation Lenses
Earnings
31.8x
vs – sector
Cash Flow
39.7x
EV/FCF vs –
Growth-Adj
0.3xPEG
Undervalued for growth
Quality-Adj
0.4P/E per %ROIC
ROIC: 79.5%
Shareholder Returns
Dividend
–
Buyback
1.7%
Total Yield
1.7%
Market Cap$125.13B
EV$125.88B
Multi-angle valuation analysis with sector context
Margins & Efficiency
ROIC 75th pctile
Profitability Cascade
Gross
88.4%
Operating
77.1%
Top 25% in sector
Net
63.5%
Margins Unknown
Return on Invested CapitalTTM
79.5%
Volatile
+0.3% YoY+49.0%
P25MedianP75
75th pctl (med: 0.0%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
65.8%
8Q: 65.9%
Asset Turnover
0.94x
8Q: 0.83x
Leverage (1+D/E)
2.49x
D/E: 1.49x
DuPont: 153.5% ≈ 79.5% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
47.32x
8Q:31.68x
+4567.6%
Invested Cap Turn
1.36x
8Q:1.26x
+73.3%
FCF vs Net Margin Gap+8.4 pts
Depreciation Rate Trend
⚠ Declining -314.2%
Margin trends, ROIC, and capital efficiency
Balance Sheet & Solvency
D/E 1.49x
Net Debt / EBITDA
–Net Debt: $755.35M
Interest Coverage
–
Leverage Metrics
Debt-to-Equity
1.49x
Balance sheet risk & solvency analysis
Related Research
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