Applovin Corp Profitability Analysis

APP Stock  USD 440.25  -3.18  -0.72%   
Reviewing Applovin Corp's reported profitability metrics, Applovin Corp maintains a strong margin profile with a net profit margin of 64.0% and an operating margin of 80.0%, producing net income of 3.43 Billion. Return on equity is 1.64%. Profitability trends are broadly favorable, with a majority of key metrics improving year over year.
 
Net Income  
 First Reported
2018-12-31
 Previous Quarter
835.5 M
 Current Value
1.1 B
 Quarterly Volatility
315.7 M
Macro event markers
 
Covid
 
Interest Hikes
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.790.8786
Moderately Down
Moderate Decline
The margin profile at Applovin Corp shows a business with wide profitability buffers, providing resilience against cost increases or demand softness. The spread from 79.0% gross margin to 64.0% net margin reflects the layered cost burden from operations, interest, and taxes. Return on equity of 1.64% alongside return on assets of 48.0% reflects how efficiently Applovin Corp's capital and asset base are converting into earnings. Figures reflect Applovin Corp's last reported annual data.
  

Segment Revenue Snapshot

Applovin Corp generates revenue across 2 reported product segments. The largest contributor is Advertising Segment at 1.16 Billion (78.1% of revenue), with Apps accounting for 325.05 Million (21.9%). Revenue concentration above 60% in one segment means Applovin Corp's performance is closely tied to that product's market dynamics.
Applovin Corp has a market cap of 149.11 B, an operating margin of 76.92% on a trailing twelve-month basis, compared to 80.0% in the last reported annual period, current ratio of 2.82. . Broader economic conditions can influence Applovin Corp's company valuation - related indicators include signals in producer price index.
Researching Applovin Stock? See our How to Buy Applovin Corp guide.Analyst consensus on Applovin Corp's EPS captures the range of professional forecasts and their trajectory over time. An operating margin of 80.0% frames the cost structure behind Applovin Corp's reported EPS. Analyst consensus for Applovin Corp typically uses EPS figures that exclude non-recurring items. Employee stock option expenses can be included in the reported consensus.
Macro event markers
 
Covid
 
Interest Hikes
Consensus projections show Applovin Corp at 3.6857 EPS on 30th of June 2026. Whether Applovin Corp's actual earnings consistently beat or miss consensus provides a read on management credibility.

Applovin Corp Revenue Breakdown by Earning Segment Snapshot

This chart illustrates Applovin Corp's revenue composition by product line based on the latest available data. At 21.9%, Apps is the narrowest segment in Applovin Corp's product mix.
Applovin Corp Inc EPS consensus generally reflects earnings before non-recurring adjustments. The relationship between Applovin Corp's revenue guidance and EPS estimates shows how top-line assumptions flow into earnings projections.
 Quarterly Earnings Growth
84.7%
 Earnings Share
10.02
 Revenue Per Share
16.178
 Quarterly Revenue Growth
65.9%
 Return On Assets
48.0%
The market value of Applovin Corp is measured differently than book value, which reflects Applovin accounting equity. Reconciling these perspectives is central to structured valuation analysis.
Distinguishing between Applovin Corp's value and market price helps frame analytical expectations. In practice, Applovin Corp price is set by the continuous auction process on its listing exchange.

Applovin Corp Return On Asset vs. Return On Equity Fundamental Analysis

Return On Equity stood at 164.00% as of December 31, 2025. Related reported metric: Return On Asset at 48.00% as of December 31, 2025.

Applovin Return On Asset vs. Return On Equity

Applovin Corp's Return on Equity of 1.64% suggests limited efficiency in deploying equity capital. This may reflect the capital-intensive nature of the business, competitive pressure compressing margins, or a period of elevated investment that has not yet translated into proportional earnings.

Applovin Corp

Return On Equity

 = 

Net Income

Total Equity

 = 
1.64
Applovin Corp's Return on Assets of 48.0% reflects strong asset efficiency — each dollar of deployed capital produces meaningful income. This level typically characterizes asset-light models or businesses with significant pricing power that convert their balance sheet into earnings effectively.

Applovin Corp

Return On Asset

 = 

Net Income

Total Assets

 = 
0.48
Applovin Corp's ROE and ROA are relatively close, indicating limited financial leverage. Equity returns are driven primarily by operational performance rather than capital structure.

Applovin Return On Asset Comparison

Applovin Corp is currently under evaluation for return on asset against industry peers.

Applovin Corp Profitability Projections

Profitability trends for Applovin Corp deserve careful review, as they reveal whether cost structure and revenue efficiency are improving or deteriorating. The spread between Applovin Corp's gross and net margin trends isolates how much of the cost burden sits above versus below the operating line. Applovin Corp currently maintains a profit margin of 64.0%.
Last ReportedEnd Of Year Estimate
Accumulated Other Comprehensive Income-47 M-49.3 M
Operating Income4.2 B4.4 B
Income Before TaxB4.2 B
Total Other Income Expense Net-199 M-209 M
Net Loss-221.7 M-210.6 M
Net Income3.4 B3.6 B
Income Tax Expense519.7 M545.7 M
Net Interest Income-207 M-217.4 M
Net Income From Continuing Ops3.4 B3.6 B
Non Operating Income Net Other-481.5 K-505.6 K
Change To Netincome388.9 M408.4 M
Net Income Per Share 9.84 10.33
Income Quality 1.16 1.30
Net Income Per E B T 0.84 1.02

Applovin Profitability Driver Comparison

Each comparison isolates a specific driver relationship at Applovin Corp, showing how changes in one metric propagate to another. Changes in Applovin Corp's competitive position or industry pricing dynamics can alter the driver relationships shown below.

Applovin Corp Profitability Trends

Tracking Applovin Corp's profitability trend across multiple profit levels helps assess earnings sustainability. Margin trend direction at Applovin Corp signals whether operating leverage and pricing dynamics are working in the company's favor.

Applovin Corp Profitability Drivers Correlations

The matrix below quantifies co-movement among Applovin Corp's key financial accounts, separating tightly linked drivers from independent ones. Weak correlation between revenue and net income at Applovin Corp points to non-operating items or tax effects distorting the earnings picture.
Overall, Applovin Corp combines a strong margin structure with improving profitability trends, suggesting the business is extending its earnings capacity rather than simply maintaining existing levels.

Earnings History

Quarterly gross profit history for Applovin Corp is shown below using reported financial data.

Applovin Corp Quarterly Gross Profit

1.47 Billion
Mean reversion setups in Applovin Corp emerge when price has deviated materially from its long-run average. Sentiment extremes, news events, or liquidity shocks are common catalysts for these temporary dislocations in Applovin Corp.
Sentiment
Range
LowSentimentHigh
436.88442.58448.28
Details
Intrinsic
Valuation
LowIntrinsicHigh
285.79291.49487.77
Details
Naive
Forecast
LowNextHigh
406.62412.32418.02
Details
Analyst
Consensus
LowTargetHigh
581.81639.36709.69
Details
This analysis measures Applovin Corp's competitive standing across key financial and valuation dimensions. Relative margins, returns, and growth rates indicate whether Applovin Corp's valuation reflects competitive positioning.

Estimated Months Earnings per Share

This chart shows the estimate series used for upcoming reporting periods.

Detailed Analysis of Earnings Estimates

Latest Earning Estimates and Surprises

The table below lists reported EPS, estimated EPS, and the reported surprise for each available quarter.

Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
null
nullnullnullnull
2026-02-11
2025-12-312.943.240.310 
2025-11-05
2025-09-302.532.550.02
2025-08-06
2025-06-301.982.390.4120 
2025-05-07
2025-03-311.441.670.2315 
2025-02-12
2024-12-311.261.730.4737 
2024-11-06
2024-09-300.931.250.3234