COMPARE · Reviewed July 2, 2026
APP vs DV
Verdict: Side-by-side breakdown using the Bull Rankings model. APP scored 72.9, DV scored 77.5 — DV ahead by 4.599999999999994.
APP
AppLovin Corporation
72.9
$527.06
Score gap
4.599999999999994
DV leads
DV
DoubleVerify Holdings, Inc.
77.5
$11.44
The companies
APPAppLovin Corporation
Why now
Advertising Agencies · market cap $177.1b. Down 29% from 52-week high of $745.61 — deep drawdown territory. Revenue growing +70% — in hypergrowth territory. 30 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $654.47 (implying +24% upside).
Moat
Net margin 64% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma. FCF converts 112% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined. $177.1b market cap gives the company enough scale to absorb fixed costs that subscale competitors can't, without yet being so large that growth has to come from acquisition.
Risk
Beta 2.46 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Trailing P/E 46x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates. P/S 28.7x embeds aggressive forward growth — disappointing top-line guidance would compress the multiple hard.
DVDoubleVerify Holdings, Inc.
Why now
Advertising Agencies · market cap $1.8b. Down 32% from 52-week high of $16.82 — deep drawdown territory. Revenue growing +14%, comfortably above the S&P median. PEG 0.66 — paying under fair value for the growth rate. 16 sell-side analysts rate this a Buy with a mean 1-yr target of $12.88 (implying +13% upside).
Moat
Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
Down 32% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Trailing P/E 35x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates. ROE 5% is below the long-run sustainable threshold of ~10% — capital efficiency would need to improve for the equity base to compound at the market rate.
Base grades (each contributes ~14.3% of base composite)
| APP | Component | DV |
|---|---|---|
| B80 | FCF | C65 |
| A95 | Rev | B+85 |
| C65 | D/E | A-90 |
| C65 | P/E or P/S | C+70 |
| B80 | PEG | A-90 |
| Supplemental signals · feed the score, not on the row card | ||
| C+70 | FCF Yield | A-90 |
| C65 | ROE | C+70 |
| 76.7 | Base composite | 81.1 |
Adjustments (signed deltas applied on top of base)
APP
hypergrowth premium (rev +70%)+2
analyst consensus bullish (91% buy/strong-buy)+2
forward P/E cheaper (46 → 24)+1
DCF cross-check (avg upside -64%)-2
ROE truncated (buyback-depleted equity)-1
Total+2
DV
GARP sweet spot (PEG <1, positive FCF)+1
insider cluster buying (net +45.8%, 22 txns)+2
DCF cross-check (avg upside 52%)+1
Total+4
DCF cross-check (per-share value vs. live price)
| APP upside | Horizon | DV upside |
|---|---|---|
| -74% | 1Y | +27% |
| -66% | 5Y | +47% |
| -52% | 10Y | +82% |
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.