APPS vs IBTA vs MGNI Stock Comparison

Digital Turbine, Ibotta and Magnite Prices as of Oct 26, 2026 Peers: Industry group
APPS Digital Turbine, Inc.
$9.62 -13.4% 1M +44.4% 1Y
Market cap
$1.18B
P/E
–
Revenue (TTM)
—
Div. yield
–
Digital Advertising Technology
2 wins
IBTA Ibotta, Inc.
$48.75 +18.7% 1M +42.3% 1Y
Market cap
$1.14B
P/E
–
Revenue (TTM)
$343.17M
Div. yield
–
Digital Advertising Technology
MGNI Magnite, Inc.
$21.62 -9.8% 1M +8.4% 1Y
Market cap
$3.12B
P/E
18.7x
Revenue (TTM)
$742.04M
Div. yield
–
Digital Advertising Technology
6 wins

Head to Head

8 decided of 12

Magnite leads on 6 of the 12 questions below (Magnite 6, Digital Turbine 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAPPSIBTAMGNILeader
Larger companyMarket capitalisation $1.18B $1.14B $3.12B MGNI
Cheaper on earningsLower P/E, profitable companies only — -103.2x 18.7x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.0x — 19.5x APPS
Faster revenue growthRevenue growth, trailing twelve months — -6.6% +8.3% MGNI
More profitableNet margin, trailing twelve months — -3.2% 22.5% MGNI
Better return on capitalReturn on invested capital — — 9.1% –
Less leveragedLower net debt / EBITDA — — 0.1x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +44.4% +42.3% +8.4% APPS
Better 5-year returnAnnualised price return, 5 years -35.1%/yr — -3.1%/yr MGNI
Less volatileAnnualised volatility, 1 year 93.6% 76.9% 58.4% MGNI
Higher overall scoreMean of the five percentile scores vs peers — 47/100 58/100 MGNI

Percentile Scorecard

APPSIBTAMGNI

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

AxisAPPSIBTAMGNI
Valuation – 40 #100 of 167 51 #83 of 167
Growth – 4 #147 of 153 73 #42 of 153
Profitability – 49 #78 of 153 77 #36 of 153
Financial Health 21 #141 of 179 58 #76 of 179 46 #97 of 179
Shareholder Returns – 84 #16 of 94 45 #52 of 94
Overall – 47 58
  • APPS ranked among 185 companies in Internet Platforms
  • IBTA ranked among 185 companies in Internet Platforms
  • MGNI ranked among 185 companies in Internet Platforms

Price Performance

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

Returns

PeriodAPPSIBTAMGNISPY
1 month -13.4%+18.7%-9.8% -0.8%
3 months +12.0%+77.8%+13.3% +3.5%
6 months +169.5%+36.9%+65.9% +7.0%
Year to date +92.4%+114.5%+33.2% +12.2%
1 year +44.4%+42.3%+8.4% +13.0%
3 years +102.5%—+227.6% +86.3%
3 years, per year +26.5%—+48.6% +23.1%
5 years -88.5%—-14.5% +68.6%
5 years, per year -35.1%—-3.1% +11.0%
10 years +1,182.7%—+176.8% +258.0%
10 years, per year +29.1%—+10.7% +13.6%

Risk

MeasureAPPSIBTAMGNISPY
Volatility, 1Y 93.6%76.9%58.4% 12.7%
Downside volatility, 1Y 76.2%68.9%59.8% 12.7%
Beta vs S&P 500, 1Y 2.061.211.07 1.00
Return / volatility, 1Y 0.470.550.14 1.02
Max drawdown, 5Y -98.7%-82.5%-79.2% -25.4%
From 52-week high -33.1%-0.5%-15.8% -1.8%
52-week high $14.39$49.01$25.67 $779.14
52-week low $2.82$19.25$11.20 $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.

MultipleAPPSIBTAMGNI
P/E now vs peer median —median 17.5x -103.0xmedian 17.5x 18.5xmedian 17.5x
P/S now vs peer median —median 1.4x 3.3xmedian 1.4x 4.2xmedian 1.4x
EV/EBITDA now vs peer median —median 14.5x -539.5xmedian 14.5x 17.9xmedian 14.5x
P/FCF now vs peer median —median 12.1x 15.2xmedian 12.1x 14.4xmedian 12.1x
P/B now vs peer median 5.7xmedian 1.7x 4.7xmedian 1.7x 3.3xmedian 1.7x
PEG now vs peer median —median 0.41 —median 0.41 0.48median 0.41

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 monthsAPPSIBTAMGNI
Revenue – $343.17M $742.04M
Gross profit – $268.50M $480.73M
Operating income – -$11.99M $115.95M
Net income – -$11.02M $166.89M
Free cash flow – $74.46M $215.76M
R&D – $57.84M $90.15M
EPS (diluted) – $-0.47 $1.13
Cash & equivalents $37.96M $148.17M $332.62M
Total debt $360.96M – $350.40M
Shares (diluted) 120.47M 23.28M 147.17M
Enterprise value $1.03B $414.47M $1.57B

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
MetricAPPSIBTAMGNI
P/E – -103.0x 18.5x
P/FCF – 15.2x 14.4x
P/Operating cash flow – 12.2x 11.0x
P/S – 3.3x 4.2x
P/B 5.7x 4.7x 3.3x
P/Tangible book -67.2x 4.7x 3.3x
EV/EBITDA – -539.5x 17.9x
EV/EBIT – -82.3x 26.9x
EV/Revenue – 2.9x 4.2x
EV/FCF – 13.3x 14.4x
EV/Operating cash flow – 10.6x 11.1x
PEG (3Y EPS CAGR) – – 0.48

Growth

14 metrics
MetricAPPSIBTAMGNI
Revenue growth (1Y) – -6.6% 8.3%
Revenue CAGR (3Y) – – 7.1%
Gross profit growth (1Y) – -12.0% 12.6%
Gross profit CAGR (3Y) – – 42.5%
Operating income growth (1Y) – -137.3% 52.7%
Operating income CAGR (3Y) – – 36.1%
Net income growth (1Y) – -111.4% 287.0%
Net income CAGR (3Y) – – 39.5%
EPS growth (1Y) – -114.9% 289.8%
EPS CAGR (3Y) – – 38.6%
Operating cash flow growth (1Y) – -13.1% 23.7%
Operating cash flow CAGR (3Y) – – 17.8%
Free cash flow growth (1Y) – -26.4% 18.2%
Free cash flow CAGR (3Y) – – 16.4%

Profitability

14 metrics
MetricAPPSIBTAMGNI
Gross margin – 78.2% 64.8%
EBITDA margin – -0.5% 23.4%
Operating margin – -3.5% 15.6%
Pretax margin – -1.3% 13.2%
Net margin – -3.2% 22.5%
FCF margin – 21.7% 29.1%
Operating cash flow margin – 27.2% 37.9%
Return on equity – -4.5% 18.0%
Return on assets – -2.3% 5.6%
Return on invested capital – – 9.1%
Return on capital employed – -4.5% 9.0%
Asset turnover – 0.7x 0.2x
Cash conversion (OCF / net income) – -8.5x 1.7x
Stock comp / revenue – 14.1% 10.1%

Financial Health

11 metrics
MetricAPPSIBTAMGNI
Debt / assets 42.9% – 11.6%
Debt / equity 1.8x – 0.4x
Net debt / EBITDA – – 0.1x
Debt / FCF – – 1.6x
Liabilities / assets 76.2% 50.2% 69.1%
Equity / assets 23.8% 49.8% 30.9%
Interest coverage – – 5.9x
Current ratio 1.2x 1.7x 1.0x
Quick ratio 1.5x 1.6x 1.0x
Cash ratio 0.1x 0.7x 0.2x
Altman Z-score – 3.37 1.05

Shareholder Returns

7 metrics
MetricAPPSIBTAMGNI
Dividend yield – – –
Net buyback yield – 13.8% 1.6%
Shareholder yield – 13.8% 1.6%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusAPPSIBTAMGNI
Forward P/E 13.0xFY2026 – 19.5xFY2026
EPS, next fiscal year $0.74FY2026 $-0.64FY2026 $1.11FY2026
EPS growth, next FY +32.1%FY2026 -633.3%FY2026 +27.6%FY2026
EPS growth, the year after +32.4% – +20.7%
Revenue, next fiscal year $690.88MFY2026 $334.20MFY2026 $743.97MFY2026
Revenue growth, next FY +22.2%FY2026 -2.4%FY2026 +11.1%FY2026
Revenue growth, the year after +3.6% +22.9% +10.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAPPSIBTAMGNI
Held by institutions 64.5% 69.4% 98.6%
Institutions holding 211 149 308
Change in shares held, QoQ +7.1% -1.6% +8.0%
Institutions buying 128 68 170
Institutions selling 62 48 90
Buyers to sellers 2.06 1.42 1.89

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.

APPSIBTAMGNI
APPS 1.00 0.19 0.35
IBTA 0.19 1.00 0.31
MGNI 0.35 0.31 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, APPS, IBTA and MGNI?

Magnite (MGNI) is the largest by market capitalisation: Digital Turbine (APPS) $1.18B, Ibotta (IBTA) $1.14B, Magnite (MGNI) $3.12B.

Which company is growing faster?

Magnite (MGNI) grew revenue fastest over the trailing twelve months: Ibotta (IBTA) -6.6%, Magnite (MGNI) +8.3%.

Which company is more profitable?

Magnite (MGNI) has the highest net margin (Ibotta (IBTA) -3.2%, Magnite (MGNI) 22.5%).

Which stock has performed better?

Over the past year Digital Turbine (APPS) returned the most: Digital Turbine (APPS) +44.4%, Ibotta (IBTA) +42.3%, Magnite (MGNI) +8.4%. Over five years, Magnite (MGNI) compounded fastest (Digital Turbine (APPS) -35.1%/yr, Magnite (MGNI) -3.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Magnite (MGNI) has been the steadiest (Digital Turbine (APPS) 93.6%, Ibotta (IBTA) 76.9%, Magnite (MGNI) 58.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, APPS, IBTA and MGNI?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Magnite (MGNI) 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.