Is AppLovin Stock Outperforming Its Rivals?
AppLovin‘s (APP) stock has soared over the past year, but how does its robust performance measure against peers in the dynamic mobile app ecosystem? A closer look reveals strong profitability with a 52% LTM operating margin and 50% LTM FCF margin, alongside rapid 86% LTM revenue growth. However, its premium PE ratio of 85.93 suggests potential for limited upside if intense competition or market shifts favor pure-plays.
- APP’s 52.5% operating margin, a mobile ad tech firm, signals superior platform economics and efficiency versus diversified peers.
- APP’s 86.4% revenue growth highlights robust mobile ad tech demand, outpacing ADSK’s mature software and HIT’s diversified industrial segments.
- APP’s 96.9% stock gain and 85.9 P/E reflect investor optimism for its high-growth mobile ad tech, valuing future expansion over current earnings.
Here’s how AppLovin stacks up across size, valuation, and profitability versus key peers.
| APP | ADSK | HIT | |
|---|---|---|---|
| Market Cap ($ Bil) | 229.3 | 67.7 | 0.1 |
| Revenue ($ Bil) | 6.6 | 6.9 | 0.0 |
| PE Ratio | 85.9 | 60.9 | 55.0 |
| LTM Revenue Growth | 86.4% | 15.6% | 55.1% |
| LTM Operating Margin | 52.5% | 23.9% | 4.5% |
| LTM FCF Margin | 50.6% | 30.2% | -2.6% |
| 12M Market Return | 96.9% | -3.6% |
For more details on AppLovin, read Buy or Sell APP Stock. Below we compare APP’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| APP | 86.4% | – | 43.4% | 16.5% | 0.9% |
| ADSK | 15.6% | 11.5% | 9.8% | 14.1% | |
| HIT | 55.1% | – | 1.8% | 231.9% | � |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| APP | 52.5% | – | 39.8% | 19.7% | -1.7% |
| ADSK | 23.9% | 22.3% | 20.5% | 19.8% | |
| HIT | 4.5% | – | 5.1% | 17.7% | 3.6% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| APP | 85.9 | – | 69.1 | 39.3 | -20.3 |
| ADSK | 60.9 | 57.1 | 57.5 | 49.0 | |
| HIT | 55.0 | – | 414.0 | � | � |
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