AppLovin (APP) Return on Invested Capital (2021 - 2025)
AppLovin (APP) posted quarterly Return on Invested Capital of 0.18% for Q4 2025, up 9.0% year-over-year from 0.17% in Q4 2024, and up 23.79% quarter-over-quarter from 0.15% in Q3 2025.
AppLovin (APP) Return on Invested Capital (2021 - 2025) Analysis & Trends
AppLovin (APP) has reported Return on Invested Capital for 5 consecutive years, with 0.18% the latest figure, recorded in Q4 2025.
- In Q4 2025, Return on Invested Capital rose 9.0% year-over-year to 0.18%; the TTM figure through Dec 2025 stood at 0.18% (up 9.0% YoY), while the FY2023 annual figure was 0.06%, up 7.0% from the prior year.
- Return on Invested Capital grew to 0.18% in Q4 2025 per APP's latest filing, from 0.15% in the prior quarter.
- Across five years, Return on Invested Capital topped out at 0.18% in Q4 2025 and bottomed at 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.
- Annual changes were most pronounced in 2022 — Return on Invested Capital declined 2 bps — and 2025, when it advanced 11 bps.
- AppLovin's Return on Invested Capital stood at 0.02% in 2021, then slumped by 124 bps to 0.0% in 2022, then jumped by 586 bps to 0.02% in 2023, then surged by 400 bps to 0.09% in 2024, then jumped by 108 bps to 0.18% in 2025.
- Business Quant data shows APP's Return on Invested Capital at 0.18% in Q4 2025, 0.15% in Q3 2025, and 0.11% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 102.68 Bn | 99.62 Bn | 1.70 Bn | - |
| 2 | Omnicom | 24.63 Bn | 21.29 Bn | 1.30 Bn | 0.03% |
| 3 | Trade Desk | 6.18 Bn | 4.69 Bn | 530.72 Mn | - |
| 4 | Wpp | 5.69 Bn | 2.52 Bn | - | - |
| 5 | Magnite | 3.36 Bn | 3.03 Bn | 130.79 Mn | 0.00% |
| 6 | Stagwell | 2.15 Bn | 2.04 Bn | 269.24 Mn | 0.00% |
| 7 | DoubleVerify Holdings | 2.05 Bn | 1.84 Bn | 161.31 Mn | - |
| 8 | Ziff Davis | 2.04 Bn | 435.42 Mn | 241.03 Mn | 0.00% |
| 9 | Clear Channel Outdoor Holdings | 1.21 Bn | 1.02 Bn | 241.86 Mn | 2.39% |
| 10 | Quinstreet | 1.18 Bn | 1.08 Bn | 41.34 Mn | 0.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.18% |
| Sep 30, 2025 | 0.15% |
| Jun 30, 2025 | 0.11% |
| Mar 31, 2025 | 0.12% |
| Dec 31, 2024 | 0.09% |
| Sep 30, 2024 | 0.04% |
| Jun 30, 2024 | 0.02% |
| Mar 31, 2024 | 0.02% |
| Dec 31, 2023 | 0.02% |
| Sep 30, 2023 | 0.01% |
| Jun 30, 2023 | 0.01% |
| Mar 31, 2023 | 0.02% |
| Dec 31, 2022 | 0.00% |
| Sep 30, 2022 | 0.00% |
| Jun 30, 2022 | 0.00% |
| Mar 31, 2022 | 0.00% |
| Dec 31, 2021 | 0.02% |
| Sep 30, 2021 | 0.02% |
| Jun 30, 2021 | -0.01% |
| Mar 31, 2021 | -0.03% |