What are Applovin Corporation's profit margins?

Applovin Corporation (APP) runs a 88.4% gross margin and a 77.1% operating margin, with a 64.3% net margin.

Where do Applovin Corporation's ratios come from?

Every ratio is computed from Applovin Corporation's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Applovin Corporation APP Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	346.2%—	——	——	240.8%-9.6pp
Operating margin	282.5%—	——	——	0.8%-2.2pp
Net margin	228.5%—	——	——	-15.7%-3.8pp
EBITDA margin	311.6%—	——	——	74%+4.7pp
Returns
Return on equity	974.2%+610pp	363.9%+337pp	26.6%—	——
Return on assets	177.1%+101pp	76.3%+69.0pp	7.3%+15.7pp	-8.4%—
Return on invested capital	337.9%+198pp	140.2%+105pp	34.8%+33.9pp	0.8%—
Efficiency
Asset turnover	3.1×—	——	——	2.2×—
Liquidity
Current ratio	11×+2.0×	9×-0.5×	9.5×-3.0×	12.5×-0.7×
Quick ratio	11×+2.0×	9×-0.5×	9.5×-3.0×	12.5×-0.7×
Cash ratio	4.9×+2.3×	2.6×-1.8×	4.4×-2.4×	6.9×-2.5×
Leverage
Debt-to-equity	13.6×-2.5×	16.1×+6.7×	9.4×+2.6×	6.9×—
Debt-to-assets	2.3×-0.3×	2.6×+0.2×	2.4×+0.2×	2.2×0.0×
Net debt / EBITDA	2.6×-3.9×	6.5×-5.5×	11.9×-4.8×	16.7×+5.5×
Interest coverage	53×+33.2×	19.8×+14.0×	5.8×+5.5×	0.3×-0.9×
Per Share
Book value per share	$15.64+51.1%	$10.35-34.3%	$15.77-23.5%	$20.60+23.9%
Valuation
Market capitalization	$679.11B+235%	$202.64B+381%	$42.16B-6.0%	$44.85B—
Enterprise value	$687.62B+220%	$214.74B+311%	$52.27B-2.6%	$53.69B—
Price / earnings	249.8×+71.6×	178.2×—	——	——
Price / sales	144.1×—	——	——	15.7×—
Price / book	529.4×+319×	210×+178×	32.4×+9.3×	23×—
EV / EBITDA	186.8×+82.4×	104.4×+44.3×	60.1×-43.3×	103.5×—
EV / sales	146.1×—	——	——	18.8×—
Earnings yield	6.8%-2.9pp	9.7%+7.5pp	2.3%+9.5pp	-7.2%—
PEG ratio	1.7×—	——	——	——

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Questions, answered.

What are Applovin Corporation's profit margins?: Applovin Corporation (APP) runs a 88.4% gross margin and a 77.1% operating margin, with a 64.3% net margin.
Where do Applovin Corporation's ratios come from?: Every ratio is computed from Applovin Corporation's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.