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EV / sales at other companies

Amazon logo
AmazonAMZN
3.2×0.0×
Meta Platforms, Inc. logo
Meta Platforms, Inc.META
-1.7×
Unity Software logo
Unity SoftwareU
+1.0×
Reddit logo
RedditRDDT
9.9×-2.8×
Axon Enterprise, Inc. logo
Axon Enterprise, Inc.AXON
11.9×-6.9×
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$1.8B+59.0%
Gross profit$1.6B+62.7%
Operating income$1.4B+71.4%
Net income$1.2B+109%
EPS (diluted)$3.56+113%

Balance sheet

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Cash & equivalents$2.8B+408%
Total debt$3.5B-5.3%
Total equity$2.4B+311%
Total assets$7.7B+35.1%

Cash flow

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Operating cash flow$1.3B+55.3%
CapEx$1.2M+389%
Free cash flow$523.6M+52.3%

Valuation

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Market cap$157.79B+49.0%
Enterprise value$158.55B+44.8%
P/E39.8×-15.3×
P/S25.6×-3.0×

Profitability

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Gross margin88.4%+3.2pp
Operating margin77.1%+12.7pp
Net margin64.3%+12.5pp
FCF margin58.1%

Returns & leverage

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Return on equity269.7%-17.8pp
Debt / equity1.5×-5.0×
Current ratio3.2×+1.6×

Where this comes from

Calculated from Applovin Corporation’s reported figures.

Based on the most recent quarter.

The official record: Applovin Corporation’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Applovin Corporation's EV / sales?
Applovin Corporation (APP) reported EV / sales of 21.9× in Q1 2026.
How has Applovin Corporation's EV / sales changed year-over-year?
Applovin Corporation's EV / sales decreased by 13.0% year-over-year, from 25.2× to 21.9×.
What is the long-term trend for Applovin Corporation's EV / sales?
Over 3 years (2021 to 2025), Applovin Corporation's EV / sales has grown at a 47.9% compound annual growth rate (CAGR), from 12.9× to 41.8×.
What does EV / sales mean?
What the whole business costs relative to its annual sales.
How do you interpret EV / sales?
A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?
Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.