Applovin Corp (APP)

Return on total capital

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 2,758,900 2,223,420 1,894,265 1,535,422 1,180,348 927,204 656,235 394,305 256,733 163,817 -33,314 37,123 22,718 2,253 149,481 84,398 -25,722 -62,735 -57,833 -5,398
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 1,167,130 575,421 1,089,820 938,206 814,836 760,204 1,256,330 1,095,790 1,517,400 1,898,580 1,902,680 1,881,900 1,907,180 2,012,300 2,138,090 2,049,060 1,997,440 -129,977 -158,545
Return on total capital 236.38% 386.40% 173.81% 163.66% 144.86% 121.97% 52.23% 35.98% 16.92% 8.63% -1.75% 1.97% 1.19% 0.11% 6.99% 4.12% -1.29%

June 30, 2025 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,758,900K ÷ ($—K + $1,167,130K)
= 236.38%