Stock · APP · Communication Services

Applovin Corp

United States · Large Cap · listed since 2021 · Revenue 12 mo. $6.8B

Price as of 11/06/2026

StockScorer score
6.4
of 10 7 of 11 points High Match To the score
Price
$391.22
1 Y −46.6%
Market cap
$130.7B
Phase
Growth
revenue growing, core business profitable
Revenue +24.8% a year (3 years)EBIT margin 75.8%Payout 55.2% of operating cash flow

AppLovin Corporation provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally.

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AppLovin Corporation provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally. It operates through two segments, Advertising and Apps. The company offers Axon Ads Manager, a suite of marketing solutions that enables developers to automate, optimize, and manage marketing efforts; MAX, an in-app bidding technology that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform; and Wurl, a connected TV platform, which distributes streaming video for content companies, provides advertising and publishing solutions. It serves individuals, small and independent businesses, enterprises, advertisers and advertising networks, mobile app publishers, and indie studio developers. The company was incorporated in 2011 and is headquartered in Palo Alto, California.

Original text from the data provider

Summary

Applovin Corp is around the middle of the Communication Services sector overall

46.1 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 15.2% FCF growth a year, less than achieved over the last 5 years.

If free cash flow stays at €3.5B (2025), it supports €39.3B. The remaining €78B of the market value assume it grows 15.2% a year for 10 years and not at all afterwards.

Required FCF growth per year

15.2%

no growth afterwards

Market value breakdown€117.3B market value, price as of 11/06/2026

€39.3B without growth
€78B priced-in growth
  • 5 yrs achieved 92.9%
  • priced in 15.2%

Valuation against its own history

Price to operating cash flow 29.2×, within its usual range.

Middle half of 20 quarters: 19.6× to 54.5×, median 33.2×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

2 signs support the expectation, 1 speaks against it.

What supports it

with respect to the priced-in expectation

  • Expectation below the company's own record priced in 15.2%, achieved at least 92.9%
  • Low capital needs capex median 0.2% of revenue (8 years)

What speaks against it

with respect to the priced-in expectation

  • Volatile earnings 5 drops or sign changes in up to 10 years

Since the last quarter

Q1 → Q2 2026

A mixed quarter: 2 figures better, 2 worse.

  • Revenue, 12 mo.$6.2B → $6.8B+10.8%better
  • FCF margin71.4% → 65.9%−5.5 ppworse
  • Net debt$755.4M → $461.8M−38.9%better
  • Return on equity167.7% → 139.4%−28.3 ppworse

4 more unchanged: FCF, 12 mo., Gross margin, EBIT margin, Shares outstanding

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability97.2above the middleEarns more than the sector: Return on equity 156.17%, sector 11.44%.
MetricStockSector medianPosition in sector
Return on equity156.17%11.44%Rank 99
Return on capital (Greenblatt)127.95%22.01%Rank 92
EBIT margin75.75%17.12%Rank 99
FCF margin71.94%15.81%Rank 99
Gross margin87.86%44.45%Rank 96
Growth51.2around the middleGrows about as fast as the sector.
MetricStockSector medianPosition in sector
Revenue growth, 1 year69.99%4.46%Rank 97
Earnings growth, 3 years per yeardoes not count towards the rank–5.70%
Earnings growth, 5 years per yeardoes not count towards the rank–6.76%
Sustainable growth (ROE × retained earnings)0.52%9.07%Rank 5
Valuation18.9below the middleValued higher than the sector: EV/sales 24.04, sector 2.84.
MetricStockSector medianPosition in sector
Earnings yield2.49%3.92%Rank 31
FCF yield3.02%6.59%Rank 28
EV/saleslower is better24.042.84Rank 2
EV/EBITlower is better31.7416.58Rank 15
Momentum31.0below the middleShare price doing worse than the sector: Distance from 52-week high −46.67%, sector −16.85%.
MetricStockSector medianPosition in sector
Share price, 1 year−46.64%−11.03%Rank 10
Share price, 6 months−16.02%−0.69%Rank 20
Share price, 3 months17.94%4.43%Rank 87
Distance from 52-week high−46.67%−16.85%Rank 7
Quality45.9around the middleQuality about like the sector.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−15.85%−0.38%Rank 95
Change in share countlower is better−1.68%−0.06%Rank 75
Dividend streak in years–5Rank 13
Price reaction to results, market-adjusted−19.41%0.56%Rank 1
Balance sheet & risk32.6below the middleMore risk than the sector: Volatility, 1 year 72.05%, sector 31.95%.
MetricStockSector medianPosition in sector
Equity ratio29.40%37.05%Rank 37
Net debt/EBITDAlower is better0.241.47Rank 67
Debt to equitylower is better1.660.75Rank 24
Volatility, 1 yearlower is better72.05%31.95%Rank 3

Ten years in figures

Revenue from $483.4M (2018) to $5.5B (2025), 41.5% a year.

Fiscal years, amounts in USD
YearRevenueEBIT marginFCFSharesNet debt
2018$483.4M50.2%$137.6M190M$520.0M
2019$994.1M19.6%$195.1M212M$799.6M
2020$1.5B−4.3%$219.6M215M$1.4B
2021$2.8B5.4%$356.4M343M$1.8B
2022$2.8B−1.7%$412.1M372M$2.2B
2023$1.8B41.9%$1.1B363M$2.7B
2024$3.2B59.3%$2.1B348M$2.8B
2025$5.5B75.8%$3.9B342M$1.1B
6.4 / 10High MatchStockScorer score7 of 11 points

4 of 7 StockScorer Score rules met · How the score is built

Applovin Corp mainly meets criteria in the Profitability category. Result from 18 strategies checked.

This stock · Profitability: 100%This stock · Growth: 50%This stock · Valuation: 0%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Applovin Corp's score is built

Applovin Corp is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

4 of 7 rules met

7 of 11 points

  1. Free cash flow yield above the sector mediannot met0 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%met2 of 2 points
  6. 3-year earnings growth above 12% p.a.no data0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Applovin Corp stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Altman Z-Score: Stress Test
  • Earnings Quality: Accrual Check (Sloan)
  • Magic Formula: Value + Quality
  • Undervalued Stocks: Multi-Factor Check
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Defensive: Low Volatility
  • Dividend Aristocrats & Continuity
  • Dividend Quality: 4 Factors
  • Levermann Strategy (13 Criteria)
  • PEG Strategy (inspired by Peter Lynch)
  • Trending Value: Value + Momentum
  • Growth Momentum (CAN SLIM principle)

Applovin Corp key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Applovin Corp.

MetricStockSector
P/E ratio40.121.7
P/B ratio62.72.5
Return on equity (ROE)156.2%11.4%
Equity ratio29.4%37.1%
Debt-to-equity (D/E)1.660.75
Dividend yield0.0%2.8%

Similar stocks in Communication Services

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
APPApplovin Corpthis page
PUB.PAPublicis Groupe SAlocked
OMCOmnicom Group IncMedium5.5
002027.SZFocus Media Information Technology Co Ltdlocked
SAX.DEStröer SE & Co. KGaAlocked
TAT&T Inc.locked

Frequently asked questions about Applovin Corp stock

How does Applovin Corp stock (APP) score in the StockScorer model?
Applovin Corp stock reaches a StockScorer score of 6.4 out of 10, which is a high match with the rule-based strategies. 4 out of 7 flagship profile rules are met.
What is Applovin Corp's P/E ratio?
Applovin Corp's P/E ratio is 40.1. The Communication Services sector median is 21.7.
What sector is Applovin Corp in?
Applovin Corp is assigned to the Communication Services sector. Its rank within the sector is 46.1 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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