APPS vs MGNI vs PUBM Stock Comparison

Digital Turbine, Magnite and PubMatic Prices as of Oct 26, 2026 Peers: Industry group
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APPS Digital Turbine, Inc.
$9.62 -13.4% 1M +44.4% 1Y
Market cap
$1.13B
P/E
–
Revenue (TTM)
—
Div. yield
–
Digital Advertising Technology
1 win
MGNI Magnite, Inc.
$21.62 -9.8% 1M +8.4% 1Y
Market cap
$3.11B
P/E
18.7x
Revenue (TTM)
$742.04M
Div. yield
–
Digital Advertising Technology
6 wins
PUBM PubMatic, Inc.
$16.59 -10.8% 1M +89.6% 1Y
Market cap
$763.05M
P/E
–
Revenue (TTM)
$289.17M
Div. yield
–
Digital Advertising Technology
1 win

Head to Head

8 decided of 12

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

QuestionAPPSMGNIPUBMLeader
Larger companyMarket capitalisation $1.13B $3.11B $763.05M MGNI
Cheaper on earningsLower P/E, profitable companies only — 18.7x -56.6x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.0x 19.5x — APPS
Faster revenue growthRevenue growth, trailing twelve months — +8.3% -1.0% MGNI
More profitableNet margin, trailing twelve months — 22.5% -4.7% 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% +8.4% +89.6% PUBM
Better 5-year returnAnnualised price return, 5 years -35.1%/yr -3.1%/yr -9.6%/yr MGNI
Less volatileAnnualised volatility, 1 year 93.6% 58.4% 66.2% MGNI
Higher overall scoreMean of the five percentile scores vs peers — 58/100 43/100 MGNI

Percentile Scorecard

APPSMGNIPUBM

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

AxisAPPSMGNIPUBM
Valuation – 51 #83 of 167 54 #78 of 167
Growth – 73 #42 of 153 16 #129 of 153
Profitability – 77 #36 of 153 44 #86 of 153
Financial Health 21 #141 of 179 46 #97 of 179 40 #107 of 179
Shareholder Returns – 45 #52 of 94 60 #38 of 94
Overall – 58 43
  • APPS ranked among 185 companies in Internet Platforms
  • MGNI ranked among 185 companies in Internet Platforms
  • PUBM ranked among 185 companies in Internet Platforms

Price Performance

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

Returns

PeriodAPPSMGNIPUBMSPY
1 month -13.4%-9.8%-10.8% -0.8%
3 months +12.0%+13.3%+29.7% +3.5%
6 months +169.5%+65.9%+70.5% +7.0%
Year to date +92.4%+33.2%+87.0% +12.2%
1 year +44.4%+8.4%+89.6% +13.0%
3 years +102.5%+227.6%+47.3% +86.3%
3 years, per year +26.5%+48.6%+13.8% +23.1%
5 years -88.5%-14.5%-39.7% +68.6%
5 years, per year -35.1%-3.1%-9.6% +11.0%
10 years +1,182.7%+176.8%— +258.0%
10 years, per year +29.1%+10.7%— +13.6%

Risk

MeasureAPPSMGNIPUBMSPY
Volatility, 1Y 93.6%58.4%66.2% 12.7%
Downside volatility, 1Y 76.2%59.8%50.0% 12.7%
Beta vs S&P 500, 1Y 2.061.071.29 1.00
Return / volatility, 1Y 0.470.141.35 1.02
Max drawdown, 5Y -98.7%-79.2%-84.3% -25.4%
From 52-week high -33.1%-15.8%-13.5% -1.8%
52-week high $14.39$25.67$19.18 $779.14
52-week low $2.82$11.20$6.28 $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.

MultipleAPPSMGNIPUBM
P/E now vs peer median —median 17.5x 18.5xmedian 17.5x -56.7xmedian 17.5x
P/S now vs peer median —median 1.4x 4.2xmedian 1.4x 2.6xmedian 1.4x
EV/EBITDA now vs peer median —median 14.5x 17.9xmedian 14.5x 24.0xmedian 14.5x
P/FCF now vs peer median —median 12.1x 14.4xmedian 12.1x 10.2xmedian 12.1x
P/B now vs peer median 5.7xmedian 1.7x 3.3xmedian 1.7x 3.2xmedian 1.7x
PEG now vs peer median —median 0.41 0.48median 0.41 0.76median 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 monthsAPPSMGNIPUBM
Revenue – $742.04M $289.17M
Gross profit – $480.73M $186.31M
Operating income – $115.95M -$14.59M
Net income – $166.89M -$13.48M
Free cash flow – $215.76M $73.51M
R&D – $90.15M $33.07M
EPS (diluted) – $1.13 $-0.29
Cash & equivalents $37.96M $332.62M $119.97M
Total debt $360.96M $350.40M –
Shares (diluted) 120.47M 147.17M 46.11M
Enterprise value $981.91M $1.56B $198.61M

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
MetricAPPSMGNIPUBM
P/E – 18.5x -56.7x
P/FCF – 14.4x 10.2x
P/Operating cash flow – 11.0x 8.6x
P/S – 4.2x 2.6x
P/B 5.7x 3.3x 3.2x
P/Tangible book -67.2x 3.3x 3.2x
EV/EBITDA – 17.9x 24.0x
EV/EBIT – 26.9x -42.2x
EV/Revenue – 4.2x 2.1x
EV/FCF – 14.4x 8.4x
EV/Operating cash flow – 11.1x 7.0x
PEG (3Y EPS CAGR) – 0.48 0.76

Growth

14 metrics
MetricAPPSMGNIPUBM
Revenue growth (1Y) – 8.3% -1.0%
Revenue CAGR (3Y) – 7.1% 3.9%
Gross profit growth (1Y) – 12.6% -1.7%
Gross profit CAGR (3Y) – 42.5% 4.3%
Operating income growth (1Y) – 52.7% -271.5%
Operating income CAGR (3Y) – 36.1% -55.4%
Net income growth (1Y) – 287.0% -689.7%
Net income CAGR (3Y) – 39.5% -70.9%
EPS growth (1Y) – 289.8% -708.2%
EPS CAGR (3Y) – 38.6% -75.1%
Operating cash flow growth (1Y) – 23.7% 30.0%
Operating cash flow CAGR (3Y) – 17.8% 5.0%
Free cash flow growth (1Y) – 18.2% 50.4%
Free cash flow CAGR (3Y) – 16.4% 13.7%

Profitability

14 metrics
MetricAPPSMGNIPUBM
Gross margin – 64.8% 64.4%
EBITDA margin – 23.4% 8.9%
Operating margin – 15.6% -5.0%
Pretax margin – 13.2% -4.1%
Net margin – 22.5% -4.7%
FCF margin – 29.1% 25.4%
Operating cash flow margin – 37.9% 30.4%
Return on equity – 18.0% -5.5%
Return on assets – 5.6% -2.0%
Return on invested capital – 9.1% –
Return on capital employed – 9.0% -5.7%
Asset turnover – 0.2x 0.4x
Cash conversion (OCF / net income) – 1.7x -6.5x
Stock comp / revenue – 10.1% 12.4%

Financial Health

11 metrics
MetricAPPSMGNIPUBM
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% 69.1% 65.9%
Equity / assets 23.8% 30.9% 34.1%
Interest coverage – 5.9x –
Current ratio 1.2x 1.0x 1.3x
Quick ratio 1.5x 1.0x 1.2x
Cash ratio 0.1x 0.2x 0.3x
Altman Z-score – 1.05 1.76

Shareholder Returns

7 metrics
MetricAPPSMGNIPUBM
Dividend yield – – –
Net buyback yield – 1.6% 4.0%
Shareholder yield – 1.6% 4.0%
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.

ConsensusAPPSMGNIPUBM
Forward P/E 13.0xFY2026 19.5xFY2026 –
EPS, next fiscal year $0.74FY2026 $1.11FY2026 $-0.10FY2026
EPS growth, next FY +32.1%FY2026 +27.6%FY2026 –
EPS growth, the year after +32.4% +20.7% –
Revenue, next fiscal year $690.88MFY2026 $743.97MFY2026 $289.61MFY2026
Revenue growth, next FY +22.2%FY2026 +11.1%FY2026 +2.4%FY2026
Revenue growth, the year after +3.6% +10.5% +22.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAPPSMGNIPUBM
Held by institutions 64.5% 98.6% 65.7%
Institutions holding 211 308 152
Change in shares held, QoQ +7.1% +8.0% +5.6%
Institutions buying 128 170 76
Institutions selling 62 90 46
Buyers to sellers 2.06 1.89 1.65

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.

APPSMGNIPUBM
APPS 1.00 0.35 0.30
MGNI 0.35 1.00 0.51
PUBM 0.30 0.51 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, APPS, MGNI and PUBM?

Magnite (MGNI) is the largest by market capitalisation: Digital Turbine (APPS) $1.13B, Magnite (MGNI) $3.11B, PubMatic (PUBM) $763.05M.

Which company is growing faster?

Magnite (MGNI) grew revenue fastest over the trailing twelve months: Magnite (MGNI) +8.3%, PubMatic (PUBM) -1.0%.

Which company is more profitable?

Magnite (MGNI) has the highest net margin (Magnite (MGNI) 22.5%, PubMatic (PUBM) -4.7%).

Which stock has performed better?

Over the past year PubMatic (PUBM) returned the most: Digital Turbine (APPS) +44.4%, Magnite (MGNI) +8.4%, PubMatic (PUBM) +89.6%. Over five years, Magnite (MGNI) compounded fastest (Digital Turbine (APPS) -35.1%/yr, Magnite (MGNI) -3.1%/yr, PubMatic (PUBM) -9.6%/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%, Magnite (MGNI) 58.4%, PubMatic (PUBM) 66.2%). Volatility measures how widely the price swings, not the risk of the business.

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

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.