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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

AppLovin (APP) Return on Invested Capital (2020 - 2025)

AppLovin (APP) has disclosed Return on Invested Capital for 6 consecutive years, with 1.01% as the latest value for Q4 2025.

  • On a quarterly basis, Return on Invested Capital rose 34.0% to 1.01% in Q4 2025 year-over-year; TTM through Dec 2025 was 1.01%, a 34.0% increase, with the full-year FY2025 number at 0.71%, up 29.0% from a year prior.
  • Return on Invested Capital was 1.01% for Q4 2025 at AppLovin, down from 2.34% in the prior quarter.
  • In the past five years, Return on Invested Capital ranged from a high of 2.79% in Q2 2025 to a low of 0.03% in Q2 2021.
  • A 5-year average of 0.6% and a median of 0.2% in 2023 define the central range for Return on Invested Capital.
  • Peak YoY movement for Return on Invested Capital: crashed -53bps in 2022, then surged 145bps in 2025.
  • AppLovin's Return on Invested Capital stood at 0.03% in 2021, then plummeted by -142bps to 0.01% in 2022, then soared by 1727bps to 0.21% in 2023, then soared by 218bps to 0.66% in 2024, then soared by 52bps to 1.01% in 2025.
  • Per Business Quant, the three most recent readings for APP's Return on Invested Capital are 1.01% (Q4 2025), 2.34% (Q3 2025), and 2.79% (Q2 2025).