Digital Turbine (APPS) Return on Invested Capital [ROIC] (2011 - 2025)
Digital Turbine's Return on Invested Capital [ROIC] came in at 2.16% for fiscal Q3 2026 (quarter ended Dec 31, 2025), up 45.24 percentage points from -43.08% a year earlier and up 6.25 percentage points from the prior quarter.
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Analysis
Digital Turbine (APPS) Return on Invested Capital [ROIC] (2011 - 2025) Analysis & Trends
For FY2025 (ended Mar 31, 2025), Digital Turbine's Return on Invested Capital [ROIC] was -9.26%, up 37.17 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of -29.05 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Return on Invested Capital [ROIC] was -46.42% in FY2024 (-49.85 pp), 3.43% in FY2023 (-8.93 pp), 12.36% in FY2022 (-33.75 pp) and 46.11% in FY2021 (+26.32 pp).
- The fiscal Q3 2026 figure represents the highest quarterly Return on Invested Capital [ROIC] since fiscal Q4 2023.
- Year-over-year, Return on Invested Capital [ROIC] has increased for four consecutive quarters, with an average year-over-year change of +1.65 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in fiscal Q1 2026 (a gain of 57.46 percentage points), and the weakest in fiscal Q1 2025 (a drop of 66.36 percentage points).
- Business Quant data shows APPS's Return on Invested Capital [ROIC] at -4.08% (Q2 2026), -7.54% (Q1 2026) and -9.47% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn | 18.61% |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn | 20.90% |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn | 26.42% |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn | 2.33% |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn | 17.38% |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - | 75.49% |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn | - |
| 10 | Digital Turbine | 1.34 Bn | 1.18 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 2.16% |
| Sep 30, 2025 | -4.08% |
| Jun 30, 2025 | -7.54% |
| Mar 31, 2025 | -9.47% |
| Dec 31, 2024 | -43.08% |
| Sep 30, 2024 | -41.83% |
| Jun 30, 2024 | -65.00% |
| Mar 31, 2024 | -52.84% |
| Dec 31, 2023 | -20.45% |
| Sep 30, 2023 | -16.48% |
| Jun 30, 2023 | 1.36% |
| Mar 31, 2023 | 3.46% |
| Dec 31, 2022 | 6.53% |
| Sep 30, 2022 | 7.50% |
| Jun 30, 2022 | 7.27% |
| Mar 31, 2022 | 7.91% |
| Dec 31, 2021 | 10.21% |
| Sep 30, 2021 | 9.61% |
| Jun 30, 2021 | 14.77% |
| Mar 31, 2021 | 40.72% |
API Access
Digital Turbine Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=APPS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "APPS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=APPS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();