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Side-by-side financial comparison of AppLovin Corp (APP) and CIVITAS RESOURCES, INC. (CIVI). Click either name above to swap in a different company.

AppLovin Corp is the larger business by last-quarter revenue ($1.3B vs $1.2B, roughly 1.1× CIVITAS RESOURCES, INC.). On growth, AppLovin Corp posted the faster year-over-year revenue change (-2.9% vs -8.2%). Over the past eight quarters, AppLovin Corp's revenue compounded faster (12.2% CAGR vs 1.8%).

AppLovin Corporation is an American mobile technology company headquartered in Palo Alto, California. Founded in 2012, the company helps developers market, monetize, analyze and publish their apps through its mobile advertising, marketing, and analytics platforms, SSP MAX; DSP AppDiscovery; and SparkLabs creative studio. The company also invests in various mobile game publishers.

Civitas Resources, Inc. is a U.S.-based sustainable energy enterprise focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It primarily operates across the Denver-Julesburg Basin in Colorado, prioritizing low-emission, responsible energy production to meet diverse North American energy demand.

APP vs CIVI — Head-to-Head

Bigger by revenue
APP
APP
1.1× larger
APP
$1.3B
$1.2B
CIVI
Growing faster (revenue YoY)
APP
APP
+5.3% gap
APP
-2.9%
-8.2%
CIVI
Faster 2-yr revenue CAGR
APP
APP
Annualised
APP
12.2%
1.8%
CIVI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
APP
APP
CIVI
CIVI
Revenue
$1.3B
$1.2B
Net Profit
$1.1B
Gross Margin
95.2%
Operating Margin
20.0%
Net Margin
82.7%
Revenue YoY
-2.9%
-8.2%
Net Profit YoY
84.0%
EPS (diluted)
$3.24
$1.99

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APP
APP
CIVI
CIVI
Q4 25
$1.3B
Q3 25
$1.4B
$1.2B
Q2 25
$1.3B
$1.1B
Q1 25
$1.5B
$1.2B
Q4 24
$1.4B
$1.3B
Q3 24
$1.2B
$1.3B
Q2 24
$1.1B
$1.3B
Q1 24
$1.1B
$1.3B
Net Profit
APP
APP
CIVI
CIVI
Q4 25
$1.1B
Q3 25
$835.5M
Q2 25
$819.5M
Q1 25
$576.4M
Q4 24
$599.2M
Q3 24
$434.4M
Q2 24
$310.0M
Q1 24
$236.2M
Gross Margin
APP
APP
CIVI
CIVI
Q4 25
95.2%
Q3 25
87.6%
Q2 25
87.7%
Q1 25
81.7%
Q4 24
76.7%
Q3 24
77.5%
Q2 24
73.8%
Q1 24
72.2%
Operating Margin
APP
APP
CIVI
CIVI
Q4 25
Q3 25
76.8%
20.0%
Q2 25
76.1%
15.3%
Q1 25
44.7%
20.7%
Q4 24
44.3%
15.4%
Q3 24
44.6%
30.6%
Q2 24
36.2%
21.6%
Q1 24
32.1%
15.9%
Net Margin
APP
APP
CIVI
CIVI
Q4 25
82.7%
Q3 25
59.5%
Q2 25
65.1%
Q1 25
38.8%
Q4 24
43.6%
Q3 24
36.3%
Q2 24
28.7%
Q1 24
22.3%
EPS (diluted)
APP
APP
CIVI
CIVI
Q4 25
$3.24
Q3 25
$2.45
$1.99
Q2 25
$2.39
$1.34
Q1 25
$1.67
$1.99
Q4 24
$1.72
$1.56
Q3 24
$1.25
$3.01
Q2 24
$0.89
$2.15
Q1 24
$0.67
$1.74

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APP
APP
CIVI
CIVI
Cash + ST InvestmentsLiquidity on hand
$2.5B
$56.0M
Total DebtLower is stronger
$3.5B
$5.1B
Stockholders' EquityBook value
$2.1B
$6.7B
Total Assets
$7.3B
$15.1B
Debt / EquityLower = less leverage
1.65×
0.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APP
APP
CIVI
CIVI
Q4 25
$2.5B
Q3 25
$1.7B
$56.0M
Q2 25
$1.2B
$69.0M
Q1 25
$551.0M
$20.0M
Q4 24
$741.4M
$76.0M
Q3 24
$567.6M
$47.1M
Q2 24
$460.4M
$91.9M
Q1 24
$436.3M
$52.1M
Total Debt
APP
APP
CIVI
CIVI
Q4 25
$3.5B
Q3 25
$5.1B
Q2 25
$5.4B
Q1 25
$5.1B
Q4 24
$3.5B
$4.5B
Q3 24
$4.8B
Q2 24
$4.9B
Q1 24
$4.4B
Stockholders' Equity
APP
APP
CIVI
CIVI
Q4 25
$2.1B
Q3 25
$1.5B
$6.7B
Q2 25
$1.2B
$6.8B
Q1 25
$575.4M
$6.7B
Q4 24
$1.1B
$6.6B
Q3 24
$938.2M
$6.7B
Q2 24
$814.8M
$6.6B
Q1 24
$760.2M
$6.6B
Total Assets
APP
APP
CIVI
CIVI
Q4 25
$7.3B
Q3 25
$6.3B
$15.1B
Q2 25
$6.0B
$15.4B
Q1 25
$5.7B
$15.3B
Q4 24
$5.9B
$14.9B
Q3 24
$5.4B
$15.0B
Q2 24
$5.3B
$15.0B
Q1 24
$5.3B
$15.1B
Debt / Equity
APP
APP
CIVI
CIVI
Q4 25
1.65×
Q3 25
0.77×
Q2 25
0.79×
Q1 25
0.76×
Q4 24
3.22×
0.68×
Q3 24
0.73×
Q2 24
0.74×
Q1 24
0.67×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APP
APP
CIVI
CIVI
Operating Cash FlowLast quarter
$1.3B
$860.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APP
APP
CIVI
CIVI
Q4 25
$1.3B
Q3 25
$1.1B
$860.0M
Q2 25
$772.2M
$298.0M
Q1 25
$831.7M
$719.0M
Q4 24
$701.0M
$858.2M
Q3 24
$550.7M
$835.0M
Q2 24
$454.5M
$359.0M
Q1 24
$392.8M
$813.0M
Cash Conversion
APP
APP
CIVI
CIVI
Q4 25
1.19×
Q3 25
1.26×
Q2 25
0.94×
Q1 25
1.44×
Q4 24
1.17×
Q3 24
1.27×
Q2 24
1.47×
Q1 24
1.66×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APP
APP

Other$673.9M51%
US$659.0M49%

CIVI
CIVI

Crude Oil Natural Gas And Natural Gas Liquids$1.2B99%
Oil And Gas Operation And Maintenance$8.0M1%
Natural Gas Reserves$2.0M0%

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