Unity Software Inc.
—- Market cap
- —
- Debt
- +$2.77B
- Cash
- −$2.06B
Complete market value, debt and cash evidence is required for enterprise value.
Quick read
Fair value engine
Each company valued on the other's multiple, then compared with the market price.
U · price snapshot
—Price unavailable
Implied fair value · at APP's multiple
—
Needs APP P/S.
APP · price snapshot
—Price unavailable
Implied fair value · at U's multiple
—
Needs U P/S.
Metric by metric
Smart diff
Where each company leads, and how wide the gap is.
6 metrics shown
MetricUAPPDifference (U − APP)
Revenue growth (YoY)
Growth lag
2.0%
16.4%
APP: higher Revenue growth (YoY) by 14.4 percentage points
Gross margin
Pricing power
74.2%
87.9%
APP: higher Gross margin by 13.7 percentage points
EBITDA margin
Operating leverage
2.3%
76.2%
APP: higher EBITDA margin by 73.9 percentage points
EV/Revenue
Lower is better
N/M
N/M
Insufficient data
P/E
Not comparable
N/M
N/M
Not comparable
Net debt / EBITDA
Lower leverage
16.9
0.2
APP: lower Net debt / EBITDA by 16.6
Statements
Side-by-side financials
Core statements aligned to each company's latest fiscal year.
Income statement · USDU · FY 2025APP · FY 2025Delta
Revenue$1.85B$5.48B−$3.63B
Gross profit$1.37B$4.82B−$3.44B
Operating income-$479.05M$4.15B−$4.63B
EBITDA$42.22M$4.18B−$4.13B
Net income-$402.77M$3.33B−$3.74B
EPS-1.09.8−10.7
Revenue growth2.0%16.4%−14.4 pp
Gross margin74.2%87.9%−13.7 pp
Operating margin-25.9%75.8%−101.7 pp
EBITDA margin2.3%76.2%−73.9 pp
Net margin-21.8%60.8%−82.6 pp
SEC periods: U FY 2025 (ended Dec 31, 2025) · APP FY 2025 (ended Dec 31, 2025).
Trendline
Historical trends
Eight period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
UAPP
Price framework
Enterprise value
Market cap plus debt, less cash.
AppLovin Corporation
—Price framework
Intrinsic value (DCF)
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
UNITY SOFTWARE INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
AppLovin Corporation · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Solvency
Financial health checks to separate durable balance sheets from potential value traps.
Piotroski F-Score
Financial strength on a 0–9 scale.
5/ 9 · UModerate
7/ 9 · APPStrong
Altman Z-Score
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Comparable set
Relative positioning
Where the pair sits against the wider comparable set.
Keep comparing
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