AppLovin Corp (APP) Factsheet
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AppLovin Corp (APP) Stock Analysis
Analysis from 10-Q filed 2026-08-05. Data as of Q2 2026.
Overall Grade: F (Concerning)
Grade F (Concerning). ROIC 80.7%. D/E 1.1x. Source: 10-Q filed 2026-08-05.
| Metric | Value | Context |
|---|---|---|
| ROIC | 80.7% | Above industry average |
| Debt/Equity | 1.1x | Moderate leverage |
ROIC 80.7% — Top 5% of sector peers.
Explore AppLovin Corp: Earnings History | Filings
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_changes, get_metric_history, compare_companies, screen_filing_signals.
Profitability: AppLovin Corp earns 80.7% ROIC, Top 5% in Technology
ROIC TTM 80.7%, sector median 3.7%, Top 5%. DuPont: NOPAT margin 65.5% × asset turnover 1.0x. Gross margin 88.5%. Operating margin 77.4%. Source: 10-Q filed 2026-08-05.
| Metric | APP | Rating | Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 80.7% | Excellent | Above sector median of 3.7% |
| Return on Equity (ROE) | 216.8% | Excellent | Efficient use of shareholder equity |
| Gross Margin | 88.5% | Excellent | Strong pricing power |
| Operating Margin | 77.4% | 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 2026-08-05.
| Metric | APP | Rating | Context |
|---|---|---|---|
| OCF/Net Income | 1.0x | Excellent | High earnings quality |
| FCF Consistency (8Q) | N/A | Warning | Variable cash flow |
Balance Sheet: AppLovin Corp at 1.1x leverage, 25.8x interest coverage
Debt/Equity 1.1x. Total debt $3.5B, cash & investments $3.1B. Interest coverage 25.8x. Source: 10-Q filed 2026-08-05.
| Metric | APP | Rating | Context |
|---|---|---|---|
| Debt to Equity | 1.1x | Adequate | Moderate leverage |
| Net Cash Position | $-461.8M | Adequate | Net debt position |
| Interest Coverage | 25.8x | Excellent | Comfortable debt service |
Valuation: AppLovin Corp trades at 23.4x earnings
P/E 23.4x. EV/Sales 15.1x. Source: 10-Q filed 2026-08-05.
| Metric | APP | Rating | Context |
|---|---|---|---|
| P/E Ratio | 23.4x | Adequate | Premium valuation |
| EV/Sales | 15.1x | Warning | Growth premium priced in |
Capital Allocation: AppLovin Corp returns 2.4% shareholder yield, reducing shares 1.0% YoY
Total shareholder yield 2.4% (buyback 2.4%). Share count -1.0% YoY. Capital returned $2.5B TTM. Source: 10-Q filed 2026-08-05.
| Metric | APP | Rating | Context |
|---|---|---|---|
| Total Shareholder Yield | 2.4% | Adequate | Dividend + buyback yield combined |
| Buyback Yield | 2.4% | Adequate | Active share repurchases |
| Share Count Change (YoY) | -1.0% | Good | Net share reduction (accretive) |
| Total Capital Returned (TTM) | $2.5B | Good | Dividends + buybacks returned to shareholders |
Sector Rankings
| Metric | Value | Percentile | vs Median |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 80.7% | Top 5% | 21.7x above |
| Gross Margin | 88.5% | Top 25% | 1.8x above |
| Operating Margin | 77.4% | Top 5% | 17.8x above |
| Return on Equity (ROE) | 216.8% | Top 5% | 40.6x above |
| P/E Ratio | 23.4x | N/A | - |
Financial Scorecard
| Metric | APP | Rating | Sector Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 80.7% | Excellent | Top 5% of sector (median: 3.7%) |
| Gross Margin | 88.5% | Excellent | Top 25% of sector (median: 50.5%) |
| Debt to Equity Ratio | 111.1% | Adequate | Elevated but manageable |
| P/E Ratio (Price-to-Earnings) | 23.4x | Adequate | Fair value |
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 80.7%. The 8-quarter median ROIC is 73.9% with a improving trend. Sector median 3.7%. Source: 10-Q filed 2026-08-05.
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 2026-08-05.
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 23.4x, which is above the sector median of N/A. EV/Sales 15.1x. Source: 10-Q filed 2026-08-05.
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 25.8x. Net debt $461.8 million. Source: 10-Q filed 2026-08-05.
Q: What is AppLovin Corp's revenue and earnings growth?
AppLovin Corp (APP) grew revenue by 60.6% year-over-year. EPS +84.9% YoY. Source: 10-Q filed 2026-08-05.
Q: Is AppLovin Corp buying back stock?
AppLovin Corp (APP) repurchased $2.5 billion of stock over the trailing twelve months. This represents a buyback yield of 2.4%. Share count -1.0% YoY. Source: 10-Q filed 2026-08-05.
Q: How does AppLovin Corp compare to competitors in Technology?
Compared to other companies in Technology, AppLovin Corp (APP) shows: ROIC 80.7%, sector median 3.7% (Top 5%). Gross margin 88.5%, 38.0pp 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 2026-08-05.
Data Source: Data sourced from 10-Q filed 2026-08-05. TTM metrics as of Q2 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.