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OB vs. APP
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between OB and APP is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

OB vs. APP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Outbrain Inc. (OB) and AppLovin Corporation (APP). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

OB:

-0.87

APP:

4.11

Sortino Ratio

OB:

-1.28

APP:

3.70

Omega Ratio

OB:

0.86

APP:

1.53

Calmar Ratio

OB:

-0.52

APP:

6.53

Martin Ratio

OB:

-1.59

APP:

16.20

Ulcer Index

OB:

28.23%

APP:

22.98%

Daily Std Dev

OB:

52.20%

APP:

92.80%

Max Drawdown

OB:

-87.13%

APP:

-91.90%

Current Drawdown

OB:

-87.13%

APP:

-22.96%

Fundamentals

Market Cap

OB:

$243.29M

APP:

$132.99B

EPS

OB:

-$0.71

APP:

$5.54

PS Ratio

OB:

0.25

APP:

25.90

PB Ratio

OB:

0.51

APP:

231.11

Total Revenue (TTM)

OB:

$959.27M

APP:

$5.14B

Gross Profit (TTM)

OB:

$233.16M

APP:

$3.97B

EBITDA (TTM)

OB:

-$6.44M

APP:

$2.63B

Returns By Period

In the year-to-date period, OB achieves a -64.07% return, which is significantly lower than APP's 21.36% return.


OB

YTD

-64.07%

1M

-28.13%

6M

-52.49%

1Y

-43.79%

3Y*

-25.10%

5Y*

N/A

10Y*

N/A

APP

YTD

21.36%

1M

40.61%

6M

16.70%

1Y

382.33%

3Y*

117.66%

5Y*

N/A

10Y*

N/A

*Annualized

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Outbrain Inc.

AppLovin Corporation

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

OB vs. APP — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OB
The Risk-Adjusted Performance Rank of OB is 99
Overall Rank
The Sharpe Ratio Rank of OB is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of OB is 88
Sortino Ratio Rank
The Omega Ratio Rank of OB is 1111
Omega Ratio Rank
The Calmar Ratio Rank of OB is 1818
Calmar Ratio Rank
The Martin Ratio Rank of OB is 44
Martin Ratio Rank

APP
The Risk-Adjusted Performance Rank of APP is 9898
Overall Rank
The Sharpe Ratio Rank of APP is 9999
Sharpe Ratio Rank
The Sortino Ratio Rank of APP is 9797
Sortino Ratio Rank
The Omega Ratio Rank of APP is 9797
Omega Ratio Rank
The Calmar Ratio Rank of APP is 9999
Calmar Ratio Rank
The Martin Ratio Rank of APP is 9898
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

OB vs. APP - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Outbrain Inc. (OB) and AppLovin Corporation (APP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The current OB Sharpe Ratio is -0.87, which is lower than the APP Sharpe Ratio of 4.11. The chart below compares the historical Sharpe Ratios of OB and APP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

OB vs. APP - Dividend Comparison

Neither OB nor APP has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

OB vs. APP - Drawdown Comparison

The maximum OB drawdown since its inception was -87.13%, smaller than the maximum APP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for OB and APP.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

OB vs. APP - Volatility Comparison

The current volatility for Outbrain Inc. (OB) is 15.49%, while AppLovin Corporation (APP) has a volatility of 18.97%. This indicates that OB experiences smaller price fluctuations and is considered to be less risky than APP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Financials

OB vs. APP - Financials Comparison

This section allows you to compare key financial metrics between Outbrain Inc. and AppLovin Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


200.00M400.00M600.00M800.00M1.00B1.20B1.40B20212022202320242025
286.36M
1.48B
(OB) Total Revenue
(APP) Total Revenue
Values in USD except per share items

OB vs. APP - Profitability Comparison

The chart below illustrates the profitability comparison between Outbrain Inc. and AppLovin Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

20.0%30.0%40.0%50.0%60.0%70.0%80.0%20212022202320242025
28.9%
81.7%
(OB) Gross Margin
(APP) Gross Margin
OB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Outbrain Inc. reported a gross profit of 82.65M and revenue of 286.36M. Therefore, the gross margin over that period was 28.9%.

APP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, AppLovin Corporation reported a gross profit of 1.21B and revenue of 1.48B. Therefore, the gross margin over that period was 81.7%.

OB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Outbrain Inc. reported an operating income of -44.44M and revenue of 286.36M, resulting in an operating margin of -15.5%.

APP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, AppLovin Corporation reported an operating income of 663.47M and revenue of 1.48B, resulting in an operating margin of 44.7%.

OB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Outbrain Inc. reported a net income of -54.84M and revenue of 286.36M, resulting in a net margin of -19.2%.

APP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, AppLovin Corporation reported a net income of 576.42M and revenue of 1.48B, resulting in a net margin of 38.8%.