Applovin vs Toast
Applovin and Toast are similar in size: $5.48bn and $6.15bn of revenue in their latest fiscal years. Applovin grew faster (70.0% against 24.1%). Applovin kept more of each dollar of sales as profit: a net margin of 60.8% against 5.6%.
| Latest fiscal year | ApplovinAPP, 2025 | ToastTOST, 2025 |
|---|---|---|
| Revenue | $5.48bn | $6.15bn |
| Revenue growth | 70.0% | 24.1% |
| Net income | $3.33bn | $342m |
| Operating margin | 75.8% | — |
| Net margin | 60.8% | 5.6% |
| Return on equity | — | 18.6% |
| Free cash flow | $3.97bn | $608m |
| Cash | $2.49bn | $1.35bn |
| Total debt | $3.55bn | $0 |
| Debt to equity | 166.3% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $2.19bn | $107m |
| Employees | 788 | 6,500 |
| Market value | $82.46bn | $20.05bn |
| Price vs our value range | Below our value range | Above our value range |
| Moat score | 52 (Moderate) | 36 (Weak) |
| Insider trades, 12 months | 0 buys, 696 sales | 0 buys, 57 sales |