AppLovin (APP) Price to FCF (2021 - 2026)
AppLovin's (APP) Price to FCF was 19.63 for Q3 2026, down 72.9% from 72.43 a year earlier and down 48.6% from the prior quarter.
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Analysis
AppLovin (APP) Price to FCF (2021 - 2026) Analysis & Trends
For FY2025, Price to FCF at AppLovin was 57.41, up 9.2% from FY2024.
- Price to FCF has increased for three consecutive years.
- By year, Price to FCF came in at 52.58 in FY2024 (+310.4%), 12.81 in FY2023 (+34.1%), 9.55 in FY2022 (-90.3%) and 98.09 in FY2021.
- The Q3 2026 figure ranks as the lowest quarterly Price to FCF since Q1 2024.
- Year over year, Price to FCF has now declined in each of the last three quarters, with growth averaging 74.9% over the last eight quarters.
- The high point for year-over-year Price to FCF in five years was Q4 2024 (growth of 309.5%); the low point was Q4 2022 (a decline of 90.3%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 38.16 (Q2 2026), 30.21 (Q1 2026) and 57.41 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,522.13 Bn | 3,257.03 Bn | 76.16 Bn |
| 2 | Meta Platforms | 1,639.39 Bn | 1,303.91 Bn | 51.23 Bn |
| 3 | Netflix | 259.77 Bn | 221.06 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 238.46 Bn | 60.53 Bn | 15.16 Bn |
| 5 | Shopify | 188.67 Bn | 173.82 Bn | 1.78 Bn |
| 6 | Uber Technologies | 142.87 Bn | 114.08 Bn | 6.42 Bn |
| 7 | AppLovin | 131.04 Bn | 119.57 Bn | 1.94 Bn |
| 8 | Spotify Technology | 124.73 Bn | 81.65 Bn | 1.89 Bn |
| 9 | Booking Holdings | 119.44 Bn | 53.19 Bn | - |
| 10 | PDD Holdings | 113.02 Bn | -131.03 Bn | 9.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.63 |
| Jun 30, 2026 | 38.16 |
| Mar 31, 2026 | 30.21 |
| Dec 31, 2025 | 57.41 |
| Sep 30, 2025 | 72.43 |
| Jun 30, 2025 | 41.53 |
| Mar 31, 2025 | 35.33 |
| Dec 31, 2024 | 52.46 |
| Sep 30, 2024 | 25.15 |
| Jun 30, 2024 | 20.01 |
| Mar 31, 2024 | 19.61 |
| Dec 31, 2023 | 12.81 |
| Sep 30, 2023 | 15.31 |
| Jun 30, 2023 | 10.52 |
| Mar 31, 2023 | 7.98 |
| Dec 31, 2022 | 9.55 |
| Sep 30, 2022 | 21.72 |
| Jun 30, 2022 | 45.33 |
| Mar 31, 2022 | 77.47 |
| Dec 31, 2021 | 98.09 |
API Access
AppLovin Price to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-fcf&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-fcf", "ticker": "APP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-fcf&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();