AppLovin Corp (APP) Factsheet
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AppLovin Corp (APP) Stock Analysis
Analysis from 10-Q filed 2026-11-04. Data as of Q3 2026.
Overall Grade: F (Concerning)
Grade F (Concerning). ROIC 83.0%. D/E 1.1x. Source: 10-Q filed 2026-11-04.
| Metric | Value | Context |
|---|---|---|
| ROIC | 83.0% | Above industry average |
| Debt/Equity | 1.1x | Moderate leverage |
ROIC 83.0% — Top 5% of sector peers.
Explore AppLovin Corp: Earnings History | Overview
Programmatic access: Available via MCP at mcp.metricduck.com. Tools for APP: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_section, get_metric_history, compare_companies, screen_filing_signals.
Profitability: AppLovin Corp earns 83.0% ROIC, Top 5% in Technology
ROIC TTM 83.0%, sector median 4.4%, Top 5%. DuPont: NOPAT margin 65.7% × asset turnover 1.0x. Gross margin 88.8%. Operating margin 77.8%. Source: 10-Q filed 2026-11-04.
| Metric | APP | Rating | Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 83.0% | Excellent | Above sector median of 4.4% |
| Return on Equity (ROE) | 199.6% | Excellent | Efficient use of shareholder equity |
| Gross Margin | 88.8% | Excellent | Strong pricing power |
| Operating Margin | 77.8% | Excellent | Efficient operations |
Cash Flow Analysis for AppLovin Corp
OCF/Net income 1.0x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2026-11-04.
| Metric | APP | Rating | Context |
|---|---|---|---|
| OCF/Net Income | 1.0x | Good | Potential accrual concerns |
| FCF Consistency (8Q) | N/A | Warning | Variable cash flow |
Balance Sheet: AppLovin Corp at 1.1x leverage, 28.9x interest coverage
Debt/Equity 1.1x. Total debt $3.5B, cash & investments $3.2B. Interest coverage 28.9x. Source: 10-Q filed 2026-11-04.
| Metric | APP | Rating | Context |
|---|---|---|---|
| Debt to Equity | 1.1x | Adequate | Moderate leverage |
| Net Cash Position | $-342.4M | Adequate | Net debt position |
| Interest Coverage | 28.9x | Excellent | Comfortable debt service |
Valuation: AppLovin Corp trades at 26.0x earnings
P/E 26.0x. EV/Sales 17.2x. Source: 10-Q filed 2026-11-04.
| Metric | APP | Rating | Context |
|---|---|---|---|
| P/E Ratio | 26.0x | Adequate | Premium valuation |
| EV/Sales | 17.2x | Warning | Growth premium priced in |
Capital Allocation: AppLovin Corp returns 2.5% shareholder yield, reducing shares 2.1% YoY
Total shareholder yield 2.5% (buyback 2.5%). Share count -2.1% YoY. Capital returned $3.2B TTM. Source: 10-Q filed 2026-11-04.
| Metric | APP | Rating | Context |
|---|---|---|---|
| Total Shareholder Yield | 2.5% | Adequate | Dividend + buyback yield combined |
| Buyback Yield | 2.5% | Adequate | Active share repurchases |
| Share Count Change (YoY) | -2.1% | Good | Net share reduction (accretive) |
| Total Capital Returned (TTM) | $3.2B | Good | Dividends + buybacks returned to shareholders |
Sector Rankings
| Metric | Value | Percentile | vs Median |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 83.0% | Top 5% | 18.8x above |
| Gross Margin | 88.8% | Top 25% | 1.7x above |
| Operating Margin | 77.8% | Top 5% | 16.4x above |
| Return on Equity (ROE) | 199.6% | Top 5% | 31.9x above |
| P/E Ratio | 26.0x | N/A | - |
Financial Scorecard
| Metric | APP | Rating | Sector Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 83.0% | Excellent | Top 5% of sector (median: 4.4%) |
| Gross Margin | 88.8% | Excellent | Top 25% of sector (median: 51.0%) |
| Debt to Equity Ratio | 106.6% | Adequate | Elevated but manageable |
| P/E Ratio (Price-to-Earnings) | 26.0x | Adequate | Growth premium |
Frequently Asked Questions
Q: What is AppLovin Corp's Return on Invested Capital (ROIC)?
AppLovin Corp (APP) has a trailing twelve-month Return on Invested Capital (ROIC) of 83.0%. The 8-quarter median ROIC is 77.4% with a improving trend. Sector median 4.4%. Source: 10-Q filed 2026-11-04.
Q: What is AppLovin Corp's Free Cash Flow Margin?
AppLovin Corp (APP) has a free cash flow margin of N/A, Source: 10-Q filed 2026-11-04.
Q: What is AppLovin Corp's P/E ratio and how does it compare to peers?
AppLovin Corp (APP) trades at a P/E ratio of 26.0x, which is above the sector median of N/A. EV/Sales 17.2x. Source: 10-Q filed 2026-11-04.
Q: How much debt does AppLovin Corp have?
AppLovin Corp (APP) has a debt-to-equity ratio of 1.1x with total debt of $3.5 billion. Interest coverage 28.9x. Net debt $342.4 million. Source: 10-Q filed 2026-11-04.
Q: What is AppLovin Corp's revenue and earnings growth?
AppLovin Corp (APP) grew revenue by 57.8% year-over-year. EPS +80.3% YoY. Source: 10-Q filed 2026-11-04.
Q: Is AppLovin Corp buying back stock?
AppLovin Corp (APP) repurchased $3.2 billion of stock over the trailing twelve months. This represents a buyback yield of 2.5%. Share count -2.1% YoY. Source: 10-Q filed 2026-11-04.
Q: How does AppLovin Corp compare to competitors in Technology?
Compared to other companies in Technology, AppLovin Corp (APP) shows: ROIC 83.0%, sector median 4.4% (Top 5%). Gross margin 88.8%, 37.8pp above sector median. These rankings are based on MetricDuck's analysis of all Technology companies with available SEC filings.
Q: What warning signs should I watch for with AppLovin Corp?
No quantitative warning flags fired for AppLovin Corp (APP) on margin trend, FCF trend, ROIC trend, or leverage thresholds. Source: 10-Q filed 2026-11-04.
Data Source: Data sourced from 10-Q filed 2026-11-04. TTM metrics as of Q3 2026.
Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.
Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.
This analysis is for informational purposes only and does not constitute investment advice.
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