APPLOVIN CORP-CLASS A (APP) Stock Fundamental Analysis

NASDAQ:APP • US03831W1080

382.62 USD
+2 (+0.53%)
Last: Feb 24, 2026, 10:31 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

APP gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 274 industry peers in the Software industry. APP has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. APP has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • APP had positive earnings in the past year.
  • In the past year APP had a positive cash flow from operations.
  • In multiple years APP reported negative net income over the last 5 years.
  • APP had a positive operating cash flow in 4 of the past 5 years.
APP Yearly Net Income VS EBIT VS OCF VS FCFAPP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B 2B

1.2 Ratios

  • APP's Return On Assets of 44.61% is amongst the best of the industry. APP outperforms 99.27% of its industry peers.
  • The Return On Equity of APP (191.99%) is better than 100.00% of its industry peers.
  • APP has a Return On Invested Capital of 52.42%. This is amongst the best in the industry. APP outperforms 98.91% of its industry peers.
  • APP had an Average Return On Invested Capital over the past 3 years of 14.51%. This is above the industry average of 10.76%.
  • The 3 year average ROIC (14.51%) for APP is below the current ROIC(52.42%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 44.61%
ROE 191.99%
ROIC 52.42%
ROA(3y)10.07%
ROA(5y)4.98%
ROE(3y)54.28%
ROE(5y)N/A
ROIC(3y)14.51%
ROIC(5y)9.34%
APP Yearly ROA, ROE, ROICAPP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 50 100

1.3 Margins

  • Looking at the Profit Margin, with a value of 51.26%, APP belongs to the top of the industry, outperforming 94.16% of the companies in the same industry.
  • APP's Profit Margin has improved in the last couple of years.
  • APP has a better Operating Margin (63.35%) than 97.81% of its industry peers.
  • In the last couple of years the Operating Margin of APP has grown nicely.
  • APP has a Gross Margin of 83.31%. This is amongst the best in the industry. APP outperforms 87.96% of its industry peers.
  • In the last couple of years the Gross Margin of APP has remained more or less at the same level.
Industry RankSector Rank
OM 63.35%
PM (TTM) 51.26%
GM 83.31%
OM growth 3Y94.93%
OM growth 5Y15.27%
PM growth 3Y209%
PM growth 5Y34.24%
GM growth 3Y5.19%
GM growth 5Y-0.13%
APP Yearly Profit, Operating, Gross MarginsAPP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 50 -50

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so APP is creating value.
  • APP has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
APP Yearly Shares OutstandingAPP Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
APP Yearly Total Debt VS Total AssetsAPP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • APP has an Altman-Z score of 19.23. This indicates that APP is financially healthy and has little risk of bankruptcy at the moment.
  • APP has a Altman-Z score of 19.23. This is amongst the best in the industry. APP outperforms 96.35% of its industry peers.
  • APP has a debt to FCF ratio of 1.03. This is a very positive value and a sign of high solvency as it would only need 1.03 years to pay back of all of its debts.
  • APP has a better Debt to FCF ratio (1.03) than 74.45% of its industry peers.
  • A Debt/Equity ratio of 2.38 is on the high side and indicates that APP has dependencies on debt financing.
  • APP's Debt to Equity ratio of 2.38 is on the low side compared to the rest of the industry. APP is outperformed by 84.31% of its industry peers.
  • Although APP does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 2.38
Debt/FCF 1.03
Altman-Z 19.23
ROIC/WACC4.75
WACC11.04%
APP Yearly LT Debt VS Equity VS FCFAPP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

  • APP has a Current Ratio of 3.25. This indicates that APP is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 3.25, APP is in the better half of the industry, outperforming 76.64% of the companies in the same industry.
  • APP has a Quick Ratio of 3.25. This indicates that APP is financially healthy and has no problem in meeting its short term obligations.
  • APP's Quick ratio of 3.25 is fine compared to the rest of the industry. APP outperforms 76.64% of its industry peers.
Industry RankSector Rank
Current Ratio 3.25
Quick Ratio 3.25
APP Yearly Current Assets VS Current LiabilitesAPP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • APP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 126.87%, which is quite impressive.
EPS 1Y (TTM)126.87%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%87.28%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%20.77%

3.2 Future

  • Based on estimates for the next years, APP will show a very strong growth in Earnings Per Share. The EPS will grow by 27.96% on average per year.
  • Based on estimates for the next years, APP will show a very strong growth in Revenue. The Revenue will grow by 26.04% on average per year.
EPS Next Y42.94%
EPS Next 2Y37.78%
EPS Next 3Y29.19%
EPS Next 5Y27.96%
Revenue Next Year38.89%
Revenue Next 2Y33.69%
Revenue Next 3Y31.18%
Revenue Next 5Y26.04%

3.3 Evolution

APP Yearly Revenue VS EstimatesAPP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 10B 20B 30B
APP Yearly EPS VS EstimatesAPP Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 10 20 30 40 50

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 37.15, which means the current valuation is very expensive for APP.
  • APP's Price/Earnings is on the same level as the industry average.
  • The average S&P500 Price/Earnings ratio is at 26.64. APP is valued slightly more expensive when compared to this.
  • A Price/Forward Earnings ratio of 25.99 indicates a quite expensive valuation of APP.
  • The rest of the industry has a similar Price/Forward Earnings ratio as APP.
  • The average S&P500 Price/Forward Earnings ratio is at 27.75. APP is around the same levels.
Industry RankSector Rank
PE 37.15
Fwd PE 25.99
APP Price Earnings VS Forward Price EarningsAPP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of APP indicates a somewhat cheap valuation: APP is cheaper than 60.95% of the companies listed in the same industry.
  • APP's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 38.05
EV/EBITDA 34.45
APP Per share dataAPP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • APP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of APP may justify a higher PE ratio.
  • APP's earnings are expected to grow with 29.19% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.87
PEG (5Y)N/A
EPS Next 2Y37.78%
EPS Next 3Y29.19%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • APP does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

APPLOVIN CORP-CLASS A

NASDAQ:APP (2/24/2026, 10:31:09 AM)

382.62

+2 (+0.53%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-11
Earnings (Next)05-05
Inst Owners77.68%
Inst Owner Change0.06%
Ins Owners4.65%
Ins Owner Change-0.14%
Market Cap129.31B
Revenue(TTM)N/A
Net Income(TTM)2.83B
Analysts81.76
Price Target747.65 (95.4%)
Short Float %5.22%
Short Ratio2.35
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.84%
Min EPS beat(2)1.04%
Max EPS beat(2)16.63%
EPS beat(4)4
Avg EPS beat(4)26.81%
Min EPS beat(4)1.04%
Max EPS beat(4)51.45%
EPS beat(8)8
Avg EPS beat(8)26.42%
EPS beat(12)10
Avg EPS beat(12)-16.98%
EPS beat(16)10
Avg EPS beat(16)-61.33%
Revenue beat(2)1
Avg Revenue beat(2)0.9%
Min Revenue beat(2)-1.89%
Max Revenue beat(2)3.69%
Revenue beat(4)3
Avg Revenue beat(4)3.88%
Min Revenue beat(4)-1.89%
Max Revenue beat(4)7.5%
Revenue beat(8)6
Avg Revenue beat(8)3.56%
Revenue beat(12)10
Avg Revenue beat(12)3.44%
Revenue beat(16)11
Avg Revenue beat(16)0.92%
PT rev (1m)-0.06%
PT rev (3m)4.42%
EPS NQ rev (1m)-0.15%
EPS NQ rev (3m)-1.37%
EPS NY rev (1m)0.05%
EPS NY rev (3m)3.94%
Revenue NQ rev (1m)0.12%
Revenue NQ rev (3m)-0.12%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)1.93%
Valuation
Industry RankSector Rank
PE 37.15
Fwd PE 25.99
P/S 23.42
P/FCF 38.05
P/OCF 38
P/B 87.73
P/tB N/A
EV/EBITDA 34.45
EPS(TTM)10.3
EY2.69%
EPS(NY)14.72
Fwd EY3.85%
FCF(TTM)10.05
FCFY2.63%
OCF(TTM)10.07
OCFY2.63%
SpS16.34
BVpS4.36
TBVpS-1.45
PEG (NY)0.87
PEG (5Y)N/A
Graham Number31.79
Profitability
Industry RankSector Rank
ROA 44.61%
ROE 191.99%
ROCE 66.36%
ROIC 52.42%
ROICexc 76.68%
ROICexgc 168.43%
OM 63.35%
PM (TTM) 51.26%
GM 83.31%
FCFM 61.55%
ROA(3y)10.07%
ROA(5y)4.98%
ROE(3y)54.28%
ROE(5y)N/A
ROIC(3y)14.51%
ROIC(5y)9.34%
ROICexc(3y)16.97%
ROICexc(5y)11.03%
ROICexgc(3y)60.6%
ROICexgc(5y)N/A
ROCE(3y)18.38%
ROCE(5y)11.84%
ROICexgc growth 3Y130.55%
ROICexgc growth 5YN/A
ROICexc growth 3Y131.05%
ROICexc growth 5Y6.08%
OM growth 3Y94.93%
OM growth 5Y15.27%
PM growth 3Y209%
PM growth 5Y34.24%
GM growth 3Y5.19%
GM growth 5Y-0.13%
F-Score9
Asset Turnover0.87
Health
Industry RankSector Rank
Debt/Equity 2.38
Debt/FCF 1.03
Debt/EBITDA 0.93
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 23.08
Cash Conversion 89.85%
Profit Quality 120.08%
Current Ratio 3.25
Quick Ratio 3.25
Altman-Z 19.23
F-Score9
WACC11.04%
ROIC/WACC4.75
Cap/Depr(3y)1.05%
Cap/Depr(5y)1.14%
Cap/Sales(3y)0.16%
Cap/Sales(5y)0.18%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)126.87%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%87.28%
EPS Next Y42.94%
EPS Next 2Y37.78%
EPS Next 3Y29.19%
EPS Next 5Y27.96%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%20.77%
Revenue Next Year38.89%
Revenue Next 2Y33.69%
Revenue Next 3Y31.18%
Revenue Next 5Y26.04%
EBIT growth 1Y128.8%
EBIT growth 3Y132.01%
EBIT growth 5Y57.33%
EBIT Next Year144.96%
EBIT Next 3Y65.2%
EBIT Next 5Y49.6%
FCF growth 1Y291.13%
FCF growth 3Y80.45%
FCF growth 5Y60.75%
OCF growth 1Y286.36%
OCF growth 3Y79.68%
OCF growth 5Y60.28%

APPLOVIN CORP-CLASS A / APP FAQ

Can you provide the ChartMill fundamental rating for APPLOVIN CORP-CLASS A?

ChartMill assigns a fundamental rating of 6 / 10 to APP.


What is the valuation status of APPLOVIN CORP-CLASS A (APP) stock?

ChartMill assigns a valuation rating of 4 / 10 to APPLOVIN CORP-CLASS A (APP). This can be considered as Fairly Valued.


How profitable is APPLOVIN CORP-CLASS A (APP) stock?

APPLOVIN CORP-CLASS A (APP) has a profitability rating of 8 / 10.


Can you provide the financial health for APP stock?

The financial health rating of APPLOVIN CORP-CLASS A (APP) is 7 / 10.


What is the earnings growth outlook for APPLOVIN CORP-CLASS A?

The Earnings per Share (EPS) of APPLOVIN CORP-CLASS A (APP) is expected to grow by 42.94% in the next year.