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Applovin Corporation APP Return on invested capital

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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+409%
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%

Valuation

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Market cap$161.08B+49.0%
Enterprise value$161.83B+44.8%
P/E40.7×-15.7×
P/S26.1×-3.0×

Profitability

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

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 trailing twelve months.

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 return on invested capital?
Applovin Corporation (APP) reported return on invested capital of 118.2% in Q1 2026.
How has Applovin Corporation's return on invested capital changed year-over-year?
Applovin Corporation's return on invested capital increased by 87.9% year-over-year, from 62.9% to 118.2%.
What is the long-term trend for Applovin Corporation's return on invested capital?
Over 3 years (2022 to 2025), Applovin Corporation's return on invested capital has grown at a 640.5% compound annual growth rate (CAGR), from 0.8% to 337.9%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.