Comparing AppLovin and Meta Platforms: Best Tech Stock Investment for 2026

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Key Financial Insights on AppLovin and Meta Platforms

AppLovin (NASDAQ: APP) reported a revenue of approximately $5.5 billion for FY 2025, marking a 70% increase year-over-year, with a net income of $3.3 billion and a net margin of 60.8%. The company’s balance sheet as of December 2025 showed a debt-to-equity ratio of 1.7x and a current ratio of 3.3x, with free cash flow of $3.9 billion.

Meta Platforms (NASDAQ: META) generated close to $201 billion in revenue for FY 2025, a year-over-year growth of about 22.2%, alongside a net income of approximately $60.5 billion and a net margin of 30.1%. Its balance sheet highlighted a debt-to-equity ratio of 0.4x and a current ratio of 2.6x, complemented by free cash flow of $46.1 billion. The Family of Apps serves nearly 3.6 billion daily users.

In a valuation comparison, AppLovin has a forward P/E ratio of 17.4x and a P/S ratio of 15.3x, while Meta has a forward P/E of 19.9x and a P/S ratio of 7.3x, indicating that AppLovin carries a higher premium relative to its annual sales.

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