GROWTH
Top line decelerating.
+16.4% YoY versus +43.4% prior. 3y CAGR +24.8%.
+16.4%
AppLovin Corporation APP
Technology · Market Cap: $166.9B
$469.71▼ 9.78 (2.04%)
Fundamentals as of 2026-03-31
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Technology · Market Cap: $166.9B
Fundamentals as of 2026-03-31
All analysis on this page is for educational purposes only and does not constitute financial advice. Fair values are model-based estimates. Always do your own research.
The Question
Bottom line: APP currently has no legendary investor models qualifying — see /stock/APP/valuation for the per-model breakdown, but earns a B sector grade (64/100) in Technology. Use the per-tab analysis to form your own view. Drill into the valuation breakdown and sector ranking for the full picture.
AppLovin Corporation's ROE and debt-to-equity are non-meaningful — large accumulated buybacks have driven stockholders' equity below zero, so the ratio denominators are uninterpretable. Operating margin and free cash flow are the better lenses here.
Financial story
AppLovin Corporation's ROE and debt-to-equity are non-meaningful — large accumulated buybacks have driven stockholders' equity below zero, so the ratio denominators are uninterpretable. Operating margin and free cash flow are the better lenses here.
0 of 6 legendary investor models rate APP a BUY. Fair value estimates and full investor breakdown are in the valuation tab.
AppLovin Corporation's fair value depends on which model you trust. See the per-investor fair-value table in the valuation tab.
APP trades at 40.3x earnings. Sector context and per-investor signals are in the valuation tab.
APP and ANET differ on P/E, ROE, and revenue growth. See the full APP vs ANET compare matrix.
Investor verdicts for APP are listed in the valuation tab. Per-model fair value and reasoning are in the valuation tab.
APP's P/E ratio is 40.3x. 5-year P/E history is in the financials tab.
+16.4% YoY versus +43.4% prior. 3y CAGR +24.8%.
+16.4%Net margin 60.8% versus 33.5% prior (+27.3pp). Operating 75.8%.
60.8%P/E 47.9x — 18% below the 5y median of 58.4x. Forward 29.2x hints at EPS expansion next year.
47.9xHow does APP compare?
See exactly where APP ranks
Sign in to unlock the full sector ranking — free.
Sign in to see the rankingAPP sits at #7 in Technology with a B grade (64/100).
