APP vs MTCH
AppLovin Corp. and Match Group, Inc., side by side — 7 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | APP | MTCH |
|---|---|---|
| Revenue | $5.5B | $3.5B |
| Net income | $3.3B | $613.5M |
| Gross margin | 87.9% | 72.8% |
| Net margin | 60.8% | 17.6% |
| Return on equity | 206.8% | · |
| Diluted EPS | $9.75 | $2.38 |
| Dividend / share | · | $0.76 |
| Payout ratio | · | 30.4% |
| Free cash flow | · | $1.0B |
| Equity | $2.1B | $-253.5M |
| Net debt / equity | 0.48× | · |
| Current ratio | 3.32× | 1.42× |
| Revenue CAGR 5y | 30.4% | 7.8% |
| Profit CAGR 5y | · | 22.6% |
APP bills 1.6× the revenue of MTCH, and keeps more of each dollar of revenue as profit (60.8% against 17.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
7 years side by side
| Fiscal year | APP | MTCH |
|---|---|---|
| FY2025 | $5.5B | $3.5B |
| FY2024 | $3.2B | $3.5B |
| FY2023 | $1.8B | $3.4B |
| FY2022 | $2.8B | $3.2B |
| FY2021 | $2.8B | $3.0B |
| FY2020 | $1.5B | $2.4B |
| FY2019 | $994.1M | $2.1B |
Bottom line
| Fiscal year | APP | MTCH |
|---|---|---|
| FY2025 | $3.3B | $613.5M |
| FY2024 | $1.6B | $551.3M |
| FY2023 | $356.7M | $651.5M |
| FY2022 | $-192.7M | $359.9M |
| FY2021 | $35.4M | $276.6M |
| FY2020 | $-125.2M | $221.6M |
| FY2019 | $119.0M | $566.5M |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$1,993,520,000 | APP |
| FY2024 | −$255,315,000 | MTCH |
| FY2023 | −$1,522,742,000 | MTCH |
| FY2022 | −$371,785,000 | MTCH |
| FY2021 | −$190,173,000 | MTCH |
| FY2020 | −$940,183,000 | MTCH |
| FY2019 | −$1,057,154,000 | MTCH |
The higher-revenue side has changed between APP and MTCH over this period. The gap has widened since the earliest year compared.
7 of 18 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +43.2 pp | APP |
| FY2024 | +33.2 pp | APP |
| FY2023 | +0.0 pp | APP |
| FY2022 | −18.1 pp | MTCH |
| FY2021 | −8.0 pp | MTCH |
| FY2020 | −17.9 pp | MTCH |
| FY2019 | −15.6 pp | MTCH |
The higher net margin has changed hands between APP and MTCH over this period.
7 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
APP's net margin has been more volatile than MTCH's over the 7 comparable fiscal years — 25.2 percentage points of standard deviation against 6.1.
7 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between APP and MTCH over these 7 fiscal years — APP led in 3 and MTCH in 4.
7 of 18 comparable fiscal years — a year missing data on either side is not counted.