Company / FCF Margin
AppLovin FCF Margin History
FY2019-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest FCF Margin
65.0%
FY2024
5-year range
12.9% / 65.0%
FY2020-FY2024
Trend
+13.2%
vs FY2023
Sector context
#4 of 280
Information Technology
What the data says
Among 280 Information Technology companies, AppLovin is in the top 1% for fcf margin. FCF Margin has increased for 3 consecutive years, from 12.9% in FY2021 to 65.0% in FY2024.
Based on SEC 10-K filings.
65.0% in FY2024 with a 5-year CAGR of +45.3%. Top quartile in the Information Technology sector.
Improved from 14.6% to 65.0% over the past 2 years.
Information Technology sector context is included.
FCF Margin over time
Growth rates
- 3-Year Change
- +52.0pp
- 5-Year Change
- +45.3pp
- 10-Year Change
- -
Sector benchmark
Top 1% in Information TechnologyTop 1% of 280This company 65.0% Sector average -113.7%
▼
+157.1% above sector average
Key checks
Key Insights
- AppLovin's fcf margin has grown for 3 consecutive years.
- In FY2024, fcf margin increased 13.2% year-over-year.
- Currently 178.6pp above the Information Technology sector average.
- Lowest fcf margin in the period was in FY2021.
Company context
Key Data Points
- Altman Z-Score 3.21 (safe zone, above 2.9 threshold)
- Strong profit margin: 45.3%
- High earnings quality (cash-backed earnings)
- Strong return on equity: 192.1%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | FCF MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | 65.0% | +13.2% |
| FY2023 | 57.4% | +292.4% |
| FY2022 | 14.6% | +13.3% |
| FY2021 | 12.9% | -14.7% |
| FY2020 | 15.1% | -22.9% |
| FY2019 | 19.6% | - |
As of FY2024 · SEC Form 10-K · Last checked Jun 21, 2026