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AppLovin (APP)
NASDAQ:APP
US Market

AppLovin (APP) Ratios

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AppLovin Ratios

APP's free cash flow for Q4 2025 was $0.89. For the 2025 fiscal year, APP's free cash flow was decreased by $ and operating cash flow was $0.79. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
3.32 3.32 2.19 1.71 3.35
Quick Ratio
3.32 3.32 2.19 1.71 3.35
Cash Ratio
1.86 1.86 0.70 0.53 1.87
Solvency Ratio
0.69 0.69 0.42 0.21 0.09
Operating Cash Flow Ratio
2.98 2.98 1.98 1.12 0.71
Short-Term Operating Cash Flow Coverage
284.81 284.81 0.00 4.94 12.39
Net Current Asset Value
$ -694.15M$ -694.15M$ -2.47B$ -2.49B$ -2.01B
Leverage Ratios
Debt-to-Assets Ratio
0.49 0.49 0.61 0.59 0.56
Debt-to-Equity Ratio
1.66 1.66 3.26 2.53 1.72
Debt-to-Capital Ratio
0.62 0.62 0.77 0.72 0.63
Long-Term Debt-to-Capital Ratio
0.62 0.62 0.76 0.70 0.63
Financial Leverage Ratio
3.40 3.40 5.39 4.27 3.07
Debt Service Coverage Ratio
16.69 17.36 7.37 2.29 2.56
Interest Coverage Ratio
19.20 20.06 5.89 2.35 -0.28
Debt to Market Cap
0.02 0.02 0.03 0.22 0.82
Interest Debt Per Share
11.09 11.07 11.50 9.81 9.29
Net Debt to EBITDA
0.25 0.24 1.20 2.34 4.28
Profitability Margins
Gross Profit Margin
86.48%87.86%75.22%67.74%55.41%
EBIT Margin
68.62%75.90%40.22%19.99%-1.18%
EBITDA Margin
71.97%79.46%49.75%34.88%18.24%
Operating Profit Margin
68.47%75.75%39.78%19.74%-1.70%
Pretax Profit Margin
65.05%72.12%33.47%11.59%-7.28%
Net Profit Margin
57.42%60.83%33.55%10.87%-6.84%
Continuous Operations Profit Margin
56.60%62.64%33.55%10.87%-6.85%
Net Income Per EBT
88.27%84.34%100.24%93.73%93.94%
EBT Per EBIT
95.00%95.21%84.12%58.71%429.32%
Return on Assets (ROA)
45.92%45.92%26.92%6.66%-3.30%
Return on Equity (ROE)
249.20%156.17%144.96%28.39%-10.13%
Return on Capital Employed (ROCE)
67.09%70.06%38.93%14.68%-0.91%
Return on Invested Capital (ROIC)
58.23%60.71%38.82%13.08%-0.85%
Return on Tangible Assets
62.63%62.63%49.85%16.04%-8.21%
Earnings Yield
1.94%1.46%1.45%2.54%-4.93%
Efficiency Ratios
Receivables Turnover
3.19 3.01 3.33 3.44 4.01
Payables Turnover
1.05 0.89 2.07 2.85 4.60
Inventory Turnover
0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
39.25 37.06 23.71 14.82 20.28
Asset Turnover
0.80 0.75 0.80 0.61 0.48
Working Capital Turnover Ratio
2.11 2.52 4.89 3.23 1.42
Cash Conversion Cycle
-233.08 -288.74 -66.64 -22.05 11.67
Days of Sales Outstanding
114.38 121.16 109.61 106.04 91.06
Days of Inventory Outstanding
0.00 0.00 0.00 0.00 0.00
Days of Payables Outstanding
347.46 409.91 176.25 128.09 79.39
Operating Cycle
114.38 121.16 109.61 106.04 91.06
Cash Flow Ratios
Operating Cash Flow Per Share
11.74 11.72 6.23 3.02 1.11
Free Cash Flow Per Share
11.66 11.64 6.22 3.00 1.11
CapEx Per Share
0.08 0.08 0.01 0.01 <0.01
Free Cash Flow to Operating Cash Flow
0.99 0.99 1.00 1.00 1.00
Dividend Paid and CapEx Coverage Ratio
140.23 140.23 439.49 250.00 623.52
Capital Expenditure Coverage Ratio
140.23 140.23 439.49 250.00 623.52
Operating Cash Flow Coverage Ratio
1.12 1.12 0.59 0.33 0.13
Operating Cash Flow to Sales Ratio
0.68 0.72 0.45 0.32 0.15
Free Cash Flow Yield
2.29%1.73%1.92%7.54%10.53%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
51.44 68.47 69.06 39.32 -20.30
Price-to-Sales (P/S) Ratio
29.52 41.65 23.17 4.27 1.39
Price-to-Book (P/B) Ratio
80.34 106.94 100.11 11.16 2.06
Price-to-Free Cash Flow (P/FCF) Ratio
43.47 57.90 52.10 13.27 9.49
Price-to-Operating Cash Flow Ratio
43.19 57.48 51.98 13.21 9.48
Price-to-Earnings Growth (PEG) Ratio
2.89 0.62 0.19 -0.13 0.03
Price-to-Fair Value
80.34 106.94 100.11 11.16 2.06
Enterprise Value Multiple
41.27 52.66 47.77 14.58 11.90
Enterprise Value
172.93B 229.34B 111.92B 16.70B 6.11B
EV to EBITDA
41.39 52.66 47.77 14.58 11.90
EV to Sales
29.79 41.84 23.77 5.09 2.17
EV to Free Cash Flow
43.86 58.17 53.44 15.80 14.83
EV to Operating Cash Flow
43.55 57.75 53.32 15.73 14.81
Tangible Book Value Per Share
0.59 0.58 -4.78 -5.34 -4.30
Shareholders’ Equity Per Share
6.31 6.30 3.23 3.57 5.12
Tax and Other Ratios
Effective Tax Rate
0.13 0.13 >-0.01 0.06 0.06
Revenue Per Share
17.17 16.18 13.98 9.33 7.58
Net Income Per Share
9.86 9.84 4.69 1.01 -0.52
Tax Burden
0.88 0.84 1.00 0.94 0.94
Interest Burden
0.95 0.95 0.83 0.58 6.16
Research & Development to Revenue
0.05 0.04 0.14 0.18 0.18
SG&A to Revenue
0.03 0.04 0.04 0.05 0.06
Stock-Based Compensation to Revenue
0.04 0.04 0.08 0.11 0.07
Income Quality
1.19 1.16 1.33 2.98 -2.14
Currency in USD