AppLovin (APP) Return on Invested Capital (2021 - 2025)

AppLovin (APP) has 5 years of Return on Invested Capital data on file, last reported at 0.18% in Q4 2025.

• On a quarterly basis, Return on Invested Capital rose 9.0% year-over-year to 0.18% in Q4 2025; TTM through Dec 2025 was 0.18%, a 9.0% increase from a year earlier, with the FY2023 full-year figure at 0.06%, up 7.0% from the prior year.
• Return on Invested Capital for Q4 2025 stood at 0.18%, up from 0.15% in the prior quarter.
• Over the last five years, Return on Invested Capital for APP reached as high as 0.18% in Q4 2025 and fell as low as 0.03% in Q1 2021.
• Historically, Return on Invested Capital has averaged 0.04% across 5 years, with a median of 0.02% in 2023.
• Across the five-year window, Return on Invested Capital slipped 2 bps in 2022 and rose 11 bps in 2025, its largest moves.
• Year by year, Return on Invested Capital stood at 0.02% in 2021, then slumped by 124 bps to 0.0% in 2022, then soared by 586 bps to 0.02% in 2023, then jumped by 400 bps to 0.09% in 2024, then soared by 108 bps to 0.18% in 2025.
• Per Business Quant data, the three most recent Return on Invested Capital figures were 0.18% in Q4 2025, 0.15% in Q3 2025, and 0.11% in Q2 2025.