APP vs GOOGL vs QCOM Stock Comparison

AppLovin, Alphabet and Qualcomm Prices as of Oct 27, 2026 Peers: Industry group
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APP AppLovin Corp
$262.82 -15.4% 1M -59.1% 1Y
Market cap
$88.12B
P/E
20.0x
Revenue (TTM)
$6.83B
Div. yield
–
Digital Advertising Technology
5 wins
GOOGL Alphabet Inc.
$320.58 -6.8% 1M +19.1% 1Y
Market cap
$3.90T
P/E
16.0x
Revenue (TTM)
$445.87B
Div. yield
0.27%
Digital Advertising Technology
6 wins
QCOM Qualcomm Inc/De
$184.17 -8.8% 1M -1.9% 1Y
Market cap
$194.67B
P/E
21.0x
Revenue (TTM)
$44.07B
Div. yield
1.97%
Semiconductor Design Technology
1 win

Head to Head

12 decided of 12

Alphabet leads on 6 of the 12 questions below (Alphabet 6, AppLovin 5, Qualcomm 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAPPGOOGLQCOMLeader
Larger companyMarket capitalisation $88.12B $3.90T $194.67B GOOGL
Cheaper on earningsLower P/E, profitable companies only 20.0x 16.0x 21.0x GOOGL
Cheaper on forward earningsLower price / next fiscal year consensus EPS 15.6x 15.2x 17.1x GOOGL
Faster revenue growthRevenue growth, trailing twelve months +60.6% +20.1% +1.9% APP
More profitableNet margin, trailing twelve months 64.6% 54.8% 21.0% APP
Better return on capitalReturn on invested capital 71.3% 18.6% 20.5% APP
Less leveragedLower net debt / EBITDA 0.1x -0.8x 0.4x GOOGL
Higher dividend yieldTrailing dividend yield — 0.27% 1.97% QCOM
Better 1-year returnPrice return, last 12 months -59.1% +19.1% -1.9% GOOGL
Better 5-year returnAnnualised price return, 5 years +21.9%/yr +17.1%/yr +6.6%/yr APP
Less volatileAnnualised volatility, 1 year 73.8% 31.3% 53.0% GOOGL
Higher overall scoreMean of the five percentile scores vs peers 72/100 61/100 61/100 APP

Percentile Scorecard

APPGOOGLQCOM

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAPPGOOGLQCOM
Valuation 42 #98 of 167 38 #104 of 167 80 #20 of 94
Growth 99 #2 of 153 72 #43 of 153 33 #62 of 92
Profitability 100 #1 of 153 88 #20 of 153 85 #14 of 90
Financial Health 69 #56 of 179 79 #38 of 179 28 #72 of 99
Shareholder Returns 51 #47 of 94 28 #68 of 94 79 #16 of 73
Overall 72 61 61
  • APP ranked among 185 companies in Internet Platforms
  • GOOGL ranked among 185 companies in Internet Platforms
  • QCOM ranked among 103 companies in Semiconductors

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAPPGOOGLQCOMSPY
1 month -15.4%-6.8%-8.8% -0.2%
3 months -37.2%-3.9%+13.1% +3.9%
6 months -41.5%-8.3%+22.8% +8.2%
Year to date -61.0%+2.4%+7.7% +12.9%
1 year -59.1%+19.1%-1.9% +12.3%
3 years +625.6%+162.4%+73.0% +87.4%
3 years, per year +93.7%+38.0%+20.1% +23.3%
5 years +168.5%+119.8%+37.8% +67.9%
5 years, per year +21.9%+17.1%+6.6% +10.9%
10 years —+684.4%+162.8% +261.1%
10 years, per year —+22.9%+10.1% +13.7%

Risk

MeasureAPPGOOGLQCOMSPY
Volatility, 1Y 73.8%31.3%53.0% 12.7%
Downside volatility, 1Y 81.7%28.8%52.5% 12.7%
Beta vs S&P 500, 1Y 2.251.352.07 1.00
Return / volatility, 1Y -0.800.61-0.04 0.97
Max drawdown, 5Y -91.9%-44.3%-45.6% -25.4%
From 52-week high -64.2%-20.4%-26.6% -1.2%
52-week high $733.60$402.62$251.02 $779.14
52-week low $260.25$267.47$124.07 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAPPGOOGLQCOM
P/E now vs peer median 20.0xmedian 17.3x 16.0xmedian 17.3x 21.0xmedian 45.6x
P/S now vs peer median 12.9xmedian 1.4x 8.7xmedian 1.4x 4.4xmedian 7.7x
EV/EBITDA now vs peer median 16.3xmedian 14.2x 21.7xmedian 14.2x 16.9xmedian 29.0x
P/FCF now vs peer median 19.5xmedian 11.5x 73.1xmedian 11.5x 18.7xmedian 40.6x
P/B now vs peer median 27.9xmedian 1.8x 6.1xmedian 1.8x 7.0xmedian 4.6x
PEG now vs peer median 0.04median 0.40 0.25median 0.40 5.05median 2.28

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAPPGOOGLQCOM
Revenue $6.83B $445.87B $44.07B
Gross profit $6.04B $271.52B $23.90B
Operating income $5.29B $147.63B $10.22B
Net income $4.41B $244.21B $9.26B
Free cash flow $4.53B $53.27B $10.42B
R&D $320.08M $68.97B $9.89B
EPS (diluted) $13.08 $19.83 $8.66
Cash & equivalents $3.05B $55.91B $4.53B
Total debt $14.05B $98.17B $12.78B
Shares (diluted) 337.03M 12.31B 1.07B
Enterprise value $78.16B $3.65T $154.59B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAPPGOOGLQCOM
P/E 20.0x 16.0x 21.0x
P/FCF 19.5x 73.1x 18.7x
P/Operating cash flow 19.5x 21.0x 15.7x
P/S 12.9x 8.7x 4.4x
P/B 27.9x 6.1x 7.0x
P/Tangible book 31.4x 6.2x 7.4x
EV/EBITDA 16.3x 21.7x 16.9x
EV/EBIT 16.8x 25.4x 19.5x
EV/Revenue 13.0x 8.4x 4.5x
EV/FCF 19.6x 70.4x 19.1x
EV/Operating cash flow 19.6x 20.2x 16.1x
PEG (3Y EPS CAGR) 0.04 0.25 5.05

Growth

14 metrics
MetricAPPGOOGLQCOM
Revenue growth (1Y) 60.6% 20.1% 1.9%
Revenue CAGR (3Y) 33.3% 15.5% 4.5%
Gross profit growth (1Y) 64.6% 24.0% -0.8%
Gross profit CAGR (3Y) 52.9% 19.2% 3.2%
Operating income growth (1Y) 78.6% 21.6% -15.0%
Operating income CAGR (3Y) 188.9% 25.6% 0.6%
Net income growth (1Y) 81.5% 111.3% -20.0%
Net income CAGR (3Y) 503.2% 58.8% 2.4%
EPS growth (1Y) 84.4% 109.3% -17.8%
EPS CAGR (3Y) 524.6% 64.3% 4.2%
Operating cash flow growth (1Y) 58.5% 38.9% -2.1%
Operating cash flow CAGR (3Y) 74.2% 23.3% 12.7%
Free cash flow growth (1Y) 58.5% -20.2% -10.4%
Free cash flow CAGR (3Y) 74.5% -9.2% 14.9%

Profitability

14 metrics
MetricAPPGOOGLQCOM
Gross margin 88.5% 60.9% 54.2%
EBITDA margin 79.4% 38.8% 26.8%
Operating margin 77.4% 33.1% 23.2%
Pretax margin 76.3% 67.1% 25.4%
Net margin 64.6% 54.8% 21.0%
FCF margin 66.3% 11.9% 23.6%
Operating cash flow margin 66.3% 41.6% 28.1%
Return on equity 159.6% 43.6% 33.7%
Return on assets 55.2% 30.0% 16.2%
Return on invested capital 71.3% 18.6% 20.5%
Return on capital employed 78.5% 21.5% 22.3%
Asset turnover 0.9x 0.5x 0.8x
Cash conversion (OCF / net income) 1.0x 0.8x 1.3x
Stock comp / revenue 4.1% 6.3% 7.4%

Financial Health

11 metrics
MetricAPPGOOGLQCOM
Debt / assets 42.5% 10.6% 22.3%
Debt / equity 1.1x 0.2x 0.5x
Net debt / EBITDA 0.1x -0.8x 0.4x
Debt / FCF 0.8x 1.8x 1.2x
Liabilities / assets 61.7% 30.5% 51.8%
Equity / assets 38.3% 69.5% 48.2%
Interest coverage 25.8x – 14.8x
Current ratio 4.3x 2.7x 2.0x
Quick ratio 4.2x 2.5x 1.1x
Cash ratio 2.4x 1.9x 0.7x
Altman Z-score 14.34 10.35 6.20

Shareholder Returns

7 metrics
MetricAPPGOOGLQCOM
Dividend yield – 0.3% 2.0%
Net buyback yield 2.8% 0.4% 4.5%
Shareholder yield 2.8% 0.7% 6.5%
Payout ratio (earnings) – – 41.3%
Payout ratio (FCF) – – 36.7%
Dividend growth (1Y) – – 0.8%
Dividend CAGR (3Y) – – 3.9%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAPPGOOGLQCOM
Forward P/E 15.6xFY2026 15.2xFY2026 17.1xFY2026
EPS, next fiscal year $16.83FY2026 $21.10FY2026 $10.79FY2026
EPS growth, next FY +72.6%FY2026 +95.2%FY2026 -10.3%FY2026
EPS growth, the year after +25.8% -31.6% -3.0%
Revenue, next fiscal year $8.60BFY2026 $528.22BFY2026 $45.55BFY2026
Revenue growth, next FY +56.9%FY2026 +31.1%FY2026 +3.2%FY2026
Revenue growth, the year after +13.9% +21.6% -5.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAPPGOOGLQCOM
Held by institutions 74.3% 80.1% 79.7%
Institutions holding 1,457 5,740 3,030
Change in shares held, QoQ +6.5% +4.6% +2.8%
Institutions buying 835 2,656 1,416
Institutions selling 478 2,573 1,333
Buyers to sellers 1.75 1.03 1.06

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

APPGOOGLQCOM
APP 1.00 0.25 0.11
GOOGL 0.25 1.00 0.22
QCOM 0.11 0.22 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, APP, GOOGL and QCOM?

Alphabet (GOOGL) is the largest by market capitalisation: AppLovin (APP) $88.12B, Alphabet (GOOGL) $3.90T, Qualcomm (QCOM) $194.67B.

Which stock is cheaper, APP, GOOGL and QCOM?

Alphabet (GOOGL) trades on the lowest price-to-earnings ratio (AppLovin (APP) 20.0x, Alphabet (GOOGL) 16.0x, Qualcomm (QCOM) 21.0x). On next year's consensus earnings, Alphabet (GOOGL) is cheapest (AppLovin (APP) 15.6x, Alphabet (GOOGL) 15.2x, Qualcomm (QCOM) 17.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

AppLovin (APP) grew revenue fastest over the trailing twelve months: AppLovin (APP) +60.6%, Alphabet (GOOGL) +20.1%, Qualcomm (QCOM) +1.9%.

Which company is more profitable?

AppLovin (APP) has the highest net margin (AppLovin (APP) 64.6%, Alphabet (GOOGL) 54.8%, Qualcomm (QCOM) 21.0%). On return on invested capital, AppLovin (APP) leads (AppLovin (APP) 71.3%, Alphabet (GOOGL) 18.6%, Qualcomm (QCOM) 20.5%).

Which stock has performed better?

Over the past year Alphabet (GOOGL) returned the most: AppLovin (APP) -59.1%, Alphabet (GOOGL) +19.1%, Qualcomm (QCOM) -1.9%. Over five years, AppLovin (APP) compounded fastest (AppLovin (APP) +21.9%/yr, Alphabet (GOOGL) +17.1%/yr, Qualcomm (QCOM) +6.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Qualcomm (QCOM) has the highest dividend yield: Alphabet (GOOGL) 0.27%, Qualcomm (QCOM) 1.97%. AppLovin (APP) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Alphabet (GOOGL) has been the steadiest (AppLovin (APP) 73.8%, Alphabet (GOOGL) 31.3%, Qualcomm (QCOM) 53.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, APP, GOOGL and QCOM?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Alphabet (GOOGL) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.