Sector Alpha Week of 2026-07-28
20-quarter listed-company comparison

Advertising Agencies Stocks

Advertising Agencies: AppLovin Corporation owns the largest revenue base AND the fastest current growth.

The industry itself · before any single company

How has Advertising Agencies moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 34% ahead of S&P 500. Earnings across its companies grew 25% on average over the last four reported quarters. It has been ahead of S&P 500 on a rolling three-month view for 16 weeks running.

LEADER · ahead 16w~Price and the fundamentals both up8 of 17 companies ahead of S&P 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more

RS ↑16w · 14/17 >200d (+2) · 8/17 lead (+0) · EPS 9/17↑

200202620252024202320222021 330348 TRAILING 12-MONTH EPS · 100 AT THE START0100114Mar 22Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 7 reportingJun 2022 · trailing 12-month earnings per share at 101, against 100 at the start · up 34.5% on a year ago · 7 reportingSep 2022 · trailing 12-month earnings per share at 99, against 100 at the start · no comparable year yet · 8 reportingDec 2022 · trailing 12-month earnings per share at 72, against 100 at the start · up 16.6% on a year ago · 7 reportingMar 2023 · trailing 12-month earnings per share at 72, against 100 at the start · down 28.6% on a year ago · 8 reportingJun 2023 · trailing 12-month earnings per share at 31, against 100 at the start · down 70.0% on a year ago · 7 reportingSep 2023 · trailing 12-month earnings per share at 8, against 100 at the start · down 96.3% on a year ago · 8 reportingDec 2023 · trailing 12-month earnings per share at 43, against 100 at the start · down 34.4% on a year ago · 7 reportingMar 2024 · trailing 12-month earnings per share at 37, against 100 at the start · up 11.3% on a year ago · 8 reportingJun 2024 · trailing 12-month earnings per share at 83, against 100 at the start · down 4.8% on a year ago · 7 reportingSep 2024 · trailing 12-month earnings per share at 49, against 100 at the start · up 25.6% on a year ago · 8 reportingDec 2024 · trailing 12-month earnings per share at 92, against 100 at the start · up 88.8% on a year ago · 7 reportingMar 2025 · trailing 12-month earnings per share at 55, against 100 at the start · up 37.2% on a year ago · 8 reportingJun 2025 · trailing 12-month earnings per share at 84, against 100 at the start · up 16.1% on a year ago · 7 reportingSep 2025 · trailing 12-month earnings per share at 89, against 100 at the start · up 94.3% on a year ago · 7 reportingDec 2025 · trailing 12-month earnings per share at 114, against 100 at the start · up 4.5% on a year ago · 7 reportingMar 2026 · trailing 12-month earnings per share at 100, against 100 at the start · down 13.0% on a year ago · 7 reportingNot reported yet — earnings trail price by a quarter or two100 · Mar 26No earnings on file this far back — the price series reaches further than the filings do
200202620252024202320222021 330348 TRAILING 12-MONTH EPS · 100 AT THE START0100114Mar 22Mar 23Mar 24Mar 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 7 reportingJun 2022 · trailing 12-month earnings per share at 101, against 100 at the start · up 34.5% on a year ago · 7 reportingSep 2022 · trailing 12-month earnings per share at 99, against 100 at the start · no comparable year yet · 8 reportingDec 2022 · trailing 12-month earnings per share at 72, against 100 at the start · up 16.6% on a year ago · 7 reportingMar 2023 · trailing 12-month earnings per share at 72, against 100 at the start · down 28.6% on a year ago · 8 reportingJun 2023 · trailing 12-month earnings per share at 31, against 100 at the start · down 70.0% on a year ago · 7 reportingSep 2023 · trailing 12-month earnings per share at 8, against 100 at the start · down 96.3% on a year ago · 8 reportingDec 2023 · trailing 12-month earnings per share at 43, against 100 at the start · down 34.4% on a year ago · 7 reportingMar 2024 · trailing 12-month earnings per share at 37, against 100 at the start · up 11.3% on a year ago · 8 reportingJun 2024 · trailing 12-month earnings per share at 83, against 100 at the start · down 4.8% on a year ago · 7 reportingSep 2024 · trailing 12-month earnings per share at 49, against 100 at the start · up 25.6% on a year ago · 8 reportingDec 2024 · trailing 12-month earnings per share at 92, against 100 at the start · up 88.8% on a year ago · 7 reportingMar 2025 · trailing 12-month earnings per share at 55, against 100 at the start · up 37.2% on a year ago · 8 reportingJun 2025 · trailing 12-month earnings per share at 84, against 100 at the start · up 16.1% on a year ago · 7 reportingSep 2025 · trailing 12-month earnings per share at 89, against 100 at the start · up 94.3% on a year ago · 7 reportingDec 2025 · trailing 12-month earnings per share at 114, against 100 at the start · up 4.5% on a year ago · 7 reportingMar 2026 · trailing 12-month earnings per share at 100, against 100 at the start · down 13.0% on a year ago · 7 reportingNot reported yet — earnings trail price by a quarter or two100No earnings on file this far back — the price series reaches further than the filings do
Advertising Agencies, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy MixedHow much of the industry is participating, how recently, and whether the movers score well.
Together8 of 17 stocks moving
Fresh2 crossed in the last 4 weeks
Backed by scoresmovers score +1 vs the industry average
Down the cap ladder — bar is now, tick is four weeks ago
Large 0/4−1
Mid 4/6+2
Small 4/7−1

Participation is spreading downward — the mid and small companies added more this month than the large ones did.

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 17 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Advertising Agencies outperforming S&P 500?

Advertising Agencies has outperformed S&P 500 by 74.6% over the last 52 weeks. Over 13 weeks the gap is a lead of 17.4%. 11 of 19 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. QMMM Holdings Limited is the strongest against the sector itself at +1192.2%.

+17.4%Sector vs S&P 500 · 13 weeks
+74.6%Sector vs S&P 500 · 52 weeks
11/19Stocks leading S&P 500
5/19Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: current leadership is concentrated, so durability matters more than rank.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Advertising Agencies has outperformed S&P 500 by 74.6% over 52 weeks and 17.4% over 13 weeks. 11 of 19 covered companies beat the S&P 500 on Mansfield relative strength, while 5 of 19 beat the sector itself. AppLovin Corporation leads with revenue of $6,164 million, based on 14 of 20 comparable companies through Mar 2026.

Is the Advertising Agencies sector outperforming S&P 500?

Advertising Agencies has outperformed S&P 500 by 74.6% over 52 weeks and 17.4% over 13 weeks. 11 of 19 covered companies beat the S&P 500 on Mansfield relative strength, while 5 of 19 beat the sector itself.

Which Advertising Agencies company is largest by revenue?

AppLovin Corporation leads with revenue of $6,164 million, based on 14 of 20 comparable companies through Mar 2026.

Which Advertising Agencies company is growing fastest?

AppLovin Corporation has the fastest current revenue growth at 66.4%, across 14 of 20 comparable companies.

Which Advertising Agencies company has the strongest 4-Factor Sector Score?

Entravision Communications Corporation ranks first at 61.9/100 with 58.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Advertising Agencies company reports the most CAPEX?

The Trade Desk, Inc. reports the largest latest CAPEX at $113 million, with 18 of 20 companies comparable.

Which Advertising Agencies company has the least gross debt?

QMMM Holdings Limited has the lowest comparable gross debt at $0 million. Omnicom Group Inc. has the highest at $11,517 million.

Which Advertising Agencies company has the lowest comparable PEG?

Criteo S.A. has the lowest comparable Guarded PEG at 0.2, among 5 of 20 companies that pass the metric’s comparability rules.

How much history does this Advertising Agencies comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
20
complete canonical membership
Combined market value
$201.0B
AppLovin Corporation
Revenue growing
12/14
positive TTM year-on-year growth
Beating S&P 500
11/19
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Entravision Communications Corporation has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 58.6% evidence confidence.
Criteo S.A. looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Stagwell Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Entravision Communications Corporation · EVC

61.9/100 · Thin evidence · provisional · 59% evidence

Exact sum: 26.2 + 10.7 + 8.5 + 16.5 = 61.9

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

26.2/35Growth & earnings

Revenue 45.9% · PAT — · OPM change 68 pp

62% evidence

10.7/25Capital efficiency

ROCE 6.4% · debt/equity 3.23×

80% evidence

8.5/20Valuation

P/E 365× · PEG —

15% evidence

16.5/20Relative strength

RS sector 92.1% · RS bench 124.9% · 1Y 392.3%

70% evidence

2. AppLovin Corporation · APP

58.2/100 · Mixed-positive evidence · 72% evidence

Exact sum: 30.3 + 17.8 + 9.6 + 0.5 = 58.2

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -39.2% and the one-year return is 10.3%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

30.3/35Growth & earnings

Revenue 66.4% · PAT 100% · OPM change 5.7 pp

83% evidence

17.8/25Capital efficiency

ROCE 27.4% · debt/equity 1.49×

80% evidence

9.6/20Valuation

P/E 34.2× · PEG —

15% evidence

0.5/20Relative strength

RS sector -39.2% · RS bench -25.6% · 1Y 10.3%

100% evidence

3. QuinStreet, Inc. · QNST

53.1/100 · Thin evidence · provisional · 59% evidence

Exact sum: 20.6 + 12.4 + 10.8 + 9.3 = 53.1

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

20.6/35Growth & earnings

Revenue 14.8% · PAT — · OPM change 1.2 pp

62% evidence

12.4/25Capital efficiency

ROCE 2.9% · debt/equity 0.24×

80% evidence

10.8/20Valuation

P/E 10.5× · PEG —

15% evidence

9.3/20Relative strength

RS sector -13.3% · RS bench 6.6% · 1Y -1.9%

70% evidence

4. Magnite, Inc. · MGNI

52.9/100 · Mixed-positive evidence · 65% evidence

Exact sum: 19.5 + 10 + 10.6 + 12.8 = 52.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.5/35Growth & earnings

Revenue 6.8% · PAT 100% · OPM change 5.6 pp

62% evidence

10.0/25Capital efficiency

ROCE 0.6% · debt/equity 0.47×

80% evidence

10.6/20Valuation

P/E 11.4× · PEG —

15% evidence

12.8/20Relative strength

RS sector -11.8% · RS bench 9.5% · 1Y -11.2%

100% evidence

5. DoubleVerify Holdings, Inc. · DV

51.4/100 · Mixed-positive evidence · 76% evidence

Exact sum: 24 + 15.2 + 7.7 + 4.5 = 51.4

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -25.2% and the one-year return is -25.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

24.0/35Growth & earnings

Revenue 12.2% · PAT 8% · OPM change 4.5 pp

83% evidence

15.2/25Capital efficiency

ROCE 1.4% · debt/equity 0.09×

80% evidence

7.7/20Valuation

P/E 29.7× · PEG 2.08

65% evidence

4.5/20Relative strength

RS sector -25.2% · RS bench -6.8% · 1Y -25.8%

70% evidence

6. Criteo S.A. · CRTO

50.5/100 · Mixed-positive evidence · 73% evidence

Exact sum: 12.6 + 13.1 + 16.1 + 8.7 = 50.5

Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

12.6/35Growth & earnings

Revenue — · PAT -19.2% · OPM change -8.3 pp

57% evidence

13.1/25Capital efficiency

ROCE 0.8% · debt/equity 0.12×

80% evidence

16.1/20Valuation

P/E 8.4× · PEG 0.2

65% evidence

8.7/20Relative strength

RS sector -20.5% · RS bench -1.6% · 1Y -10%

100% evidence

7. Stagwell Inc. · STGW

48.5/100 · Mixed-negative evidence · 65% evidence

Exact sum: 15.1 + 7.5 + 8.9 + 17 = 48.5

Decision use: Price leads the evidence: RS versus the benchmark is 26.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

15.1/35Growth & earnings

Revenue 4.9% · PAT 4.8% · OPM change -1.4 pp

62% evidence

7.5/25Capital efficiency

ROCE 0.4% · debt/equity 2.29×

80% evidence

8.9/20Valuation

P/E 89.9× · PEG —

15% evidence

17.0/20Relative strength

RS sector 3.4% · RS bench 26.1% · 1Y 42.8%

100% evidence

8. Ziff Davis, Inc. · ZD

48.0/100 · Mixed-negative evidence · 82% evidence

Exact sum: 11.3 + 9.7 + 13.4 + 13.6 = 48

Decision use: Price leads the evidence: RS versus the benchmark is 24.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

11.3/35Growth & earnings

Revenue 2.2% · PAT -50% · OPM change -4.2 pp

83% evidence

9.7/25Capital efficiency

ROCE 0.1% · debt/equity 0.5×

80% evidence

13.4/20Valuation

P/E 36.8× · PEG 0.61

65% evidence

13.6/20Relative strength

RS sector 2% · RS bench 24.1% · 1Y 79.5%

100% evidence

9. Advantage Solutions Inc. · ADV

46.4/100 · Mixed-negative evidence · 65% evidence

Exact sum: 17.1 + 5.5 + 10.9 + 12.9 = 46.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

17.1/35Growth & earnings

Revenue 1.8% · PAT — · OPM change 2.3 pp

62% evidence

5.5/25Capital efficiency

ROCE 0.2% · debt/equity 3.24×

80% evidence

10.9/20Valuation

P/E 9.7× · PEG —

15% evidence

12.9/20Relative strength

RS sector -2.4% · RS bench 20.7% · 1Y 25.5%

100% evidence

10. Omnicom Group Inc. · OMC

46.1/100 · Mixed-negative evidence · 70% evidence

Exact sum: 15.3 + 11.9 + 9.7 + 9.2 = 46.1

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

15.3/35Growth & earnings

Revenue — · PAT -0.4% · OPM change -1.9 pp

48% evidence

11.9/25Capital efficiency

ROCE 3.4% · debt/equity 1.14×

80% evidence

9.7/20Valuation

P/E 15.2× · PEG 1.92

65% evidence

9.2/20Relative strength

RS sector -15.3% · RS bench 4.1% · 1Y 21.2%

100% evidence

11. Fluent, Inc. · FLNT

45.2/100 · Thin evidence · provisional · 56% evidence

Exact sum: 18.6 + 3.9 + 10 + 12.7 = 45.2

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

18.6/35Growth & earnings

Revenue -18.4% · PAT — · OPM change 4.1 pp

62% evidence

3.9/25Capital efficiency

ROCE -17% · debt/equity 2.38×

80% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

12.7/20Relative strength

RS sector -0.2% · RS bench 16.5% · 1Y 47.4%

70% evidence

12. Clear Channel Outdoor Holdings, Inc. · CCO

45.1/100 · Thin evidence · provisional · 53% evidence

Exact sum: 14.9 + 10.8 + 9.1 + 10.3 = 45.1

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

14.9/35Growth & earnings

Revenue 8.8% · PAT — · OPM change -2.9 pp

62% evidence

10.8/25Capital efficiency

ROCE 1.2% · debt/equity —

57% evidence

9.1/20Valuation

P/E 55.3× · PEG —

15% evidence

10.3/20Relative strength

RS sector -8.9% · RS bench 10.2% · 1Y 137.3%

70% evidence

13. The Trade Desk, Inc. · TTD

44.1/100 · Mixed-negative evidence · 82% evidence

Exact sum: 21.1 + 14.9 + 5 + 3.1 = 44.1

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.1/35Growth & earnings

Revenue 15.5% · PAT 5.1% · OPM change 0.9 pp

83% evidence

14.9/25Capital efficiency

ROCE 2.3% · debt/equity 0.17×

80% evidence

5.0/20Valuation

P/E 25.8× · PEG 3.52

65% evidence

3.1/20Relative strength

RS sector -58.7% · RS bench -47.8% · 1Y -78%

100% evidence

14. Nexxen International Ltd. · NEXN

42.5/100 · Mixed-negative evidence · 66% evidence

Exact sum: 8.4 + 10.4 + 10.2 + 13.5 = 42.5

Decision use: Price leads the evidence: RS versus the benchmark is 23.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

8.4/35Growth & earnings

Revenue 1.4% · PAT -57.8% · OPM change -10 pp

83% evidence

10.4/25Capital efficiency

ROCE -1% · debt/equity 0.06×

80% evidence

10.2/20Valuation

P/E 21.7× · PEG —

15% evidence

13.5/20Relative strength

RS sector 0.4% · RS bench 23.7% · 1Y 4.4%

70% evidence

15. Emerald Holding, Inc. · EEX

36.8/100 · Mixed-negative evidence · 66% evidence

Exact sum: 9.7 + 11.2 + 8.7 + 7.2 = 36.8

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

9.7/35Growth & earnings

Revenue 14% · PAT -375% · OPM change -11.7 pp

83% evidence

11.2/25Capital efficiency

ROCE 2.1% · debt/equity 1.5×

80% evidence

8.7/20Valuation

P/E 169.7× · PEG —

15% evidence

7.2/20Relative strength

RS sector -20.4% · RS bench -1.1% · 1Y 0.8%

70% evidence

16. Townsquare Media, Inc. · TSQ

31.4/100 · Thin evidence · provisional · 59% evidence

Exact sum: 10.7 + 5.4 + 11.3 + 4 = 31.4

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

10.7/35Growth & earnings

Revenue -5.6% · PAT — · OPM change -8.5 pp

62% evidence

5.4/25Capital efficiency

ROCE -0.3% · debt/equity 275.5×

80% evidence

11.3/20Valuation

P/E 6.5× · PEG —

15% evidence

4.0/20Relative strength

RS sector -28.7% · RS bench -12.2% · 1Y -13.4%

70% evidence

17. Unitrend Entertainment Group Limited · INHI

54.0/100 · Thin evidence · provisional · 9% evidence

Exact sum: 17.5 + 16.5 + 10 + 10 = 54

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

17.5/35Growth & earnings

Revenue — · PAT — · OPM change —

0% evidence

16.5/25Capital efficiency

ROCE 23.5% · debt/equity —

34% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

10.0/20Relative strength

RS sector — · RS bench — · 1Y —

0% evidence

18. QMMM Holdings Limited · QMMM

52.1/100 · Thin evidence · provisional · 32% evidence

Exact sum: 15.8 + 9.3 + 10 + 17 = 52.1

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

15.8/35Growth & earnings

Revenue — · PAT — · OPM change -108.4 pp

10% evidence

9.3/25Capital efficiency

ROCE -72.7% · debt/equity 0×

60% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

17.0/20Relative strength

RS sector 1192.2% · RS bench 1390.4% · 1Y 1765.6%

70% evidence

19. WPP plc · WPP

46.6/100 · Thin evidence · provisional · 35% evidence

Exact sum: 16.7 + 12.2 + 9.3 + 8.4 = 46.6

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

16.7/35Growth & earnings

Revenue — · PAT — · OPM change —

9% evidence

12.2/25Capital efficiency

ROCE 0.8% · debt/equity —

34% evidence

9.3/20Valuation

P/E 51× · PEG —

15% evidence

8.4/20Relative strength

RS sector -22% · RS bench -3% · 1Y -20.5%

100% evidence

20. National CineMedia, Inc. · NCMI

38.7/100 · Thin evidence · provisional · 48% evidence

Exact sum: 12.7 + 9.3 + 11.5 + 5.2 = 38.7

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

12.7/35Growth & earnings

Revenue — · PAT — · OPM change -55.9 pp

32% evidence

9.3/25Capital efficiency

ROCE -6.3% · debt/equity 0.06×

80% evidence

11.5/20Valuation

P/E 1.6× · PEG —

15% evidence

5.2/20Relative strength

RS sector -22.4% · RS bench -4.1% · 1Y -15.2%

70% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

AppLovin Corporation has the highest Revenue among the 20 Advertising Agencies companies compared here, at $6,164 million. Advantage Solutions Inc. is next at $3,591 million. The same company also holds the highest Revenue growth, at 66.4%. 14 of 20 companies report a comparable reading, the latest through Mar 2026. Its Revenue series carries 19 reported observations across the 20-quarter window.

What the numbers say: AppLovin Corporation is the scale leader at $6,164 million, 71.7% ahead of Advantage Solutions Inc.. AppLovin Corporation's growth is 66.4% from a $6,164 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderAppLovin Corporation · $6,164 million
Gap71.7% versus #2 · Advantage Solutions Inc.
Persistence6/8 recent comparable periods
Coverage14/20 companies · 326 observations

Investor read: AppLovin Corporation is the scale benchmark; AppLovin Corporation is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: AppLovin Corporation's growth falls below AppLovin Corporation's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1AppLovin Corporation APP$6.2B
2Advantage Solutions Inc. ADV$3.6B
3The Trade Desk, Inc. TTD$3.0B
4Stagwell Inc. STGW$3.0B
5Clear Channel Outdoor Holdings, Inc. CCO$1.6B
Revenue growthfastest growers
1AppLovin Corporation APP66%
2Entravision Communications Corporation EVC46%
3The Trade Desk, Inc. TTD16%
4QuinStreet, Inc. QNST15%
5Emerald Holding, Inc. EEX14%
Revenue · company comparison
14/20 level · 14/20 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
WPP plc WPP$6.9B-8.3%Dec 2025
Omnicom Group Inc. OMC$6.2B69%Mar 2026
AppLovin Corporation APP$1.8B59%Mar 2026
Advantage Solutions Inc. ADV$870M5.8%Mar 2026
Stagwell Inc. STGW$704M8.0%Mar 2026
The Trade Desk, Inc. TTD$689M12%Mar 2026
Criteo S.A. CRTO$425M-5.8%Mar 2026
Clear Channel Outdoor Holdings, Inc. CCO$374M12%Mar 2026
QuinStreet, Inc. QNST$346M28%Mar 2026
Ziff Davis, Inc. ZD$268M-1.8%Mar 2026
Entravision Communications Corporation EVC$197M114%Mar 2026
DoubleVerify Holdings, Inc. DV$181M9.7%Mar 2026
Magnite, Inc. MGNI$164M5.1%Mar 2026
Emerald Holding, Inc. EEX$155M4.7%Mar 2026
Townsquare Media, Inc. TSQ$97M-2.0%Mar 2026
Nexxen International Ltd. NEXN$87M12%Mar 2026
Fluent, Inc. FLNT$45M-18%Mar 2026
National CineMedia, Inc. NCMI$34M-35%Jun 2026
QMMM Holdings Limited QMMM$1M-50%Mar 2025
Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AppLovin Corporation · APP

$727M
$793M
$625M
$776M
$713M
$702M
$715M
$750M
$864M
$953M
$1.1B
$711M
$835M
$999M
$1.2B
$1.3B
$1.4B
$1.7B
$1.8B

Clear Channel Outdoor Holdings, Inc. · CCO

$596M
$743M
$526M
$643M
$503M
$562M
$437M
$531M
$527M
$632M
$327M
$376M
$375M
$427M
$334M
$403M
$406M
$462M
$374M

Criteo S.A. · CRTO

$509M
$653M
$511M
$495M
$447M
$564M
$445M
$469M
$469M
$566M
$450M
$471M
$459M
$553M
$451M
$483M
$470M
$425M

DoubleVerify Holdings, Inc. · DV

$83M
$106M
$97M
$110M
$112M
$134M
$123M
$134M
$144M
$172M
$141M
$156M
$170M
$191M
$165M
$189M
$189M
$206M
$181M

Entravision Communications Corporation · EVC

$199M
$234M
$197M
$222M
$241M
$296M
$239M
$74M
$77M
$78M
$78M
$83M
$97M
$107M
$92M
$101M
$121M
$134M
$197M

Magnite, Inc. · MGNI

$132M
$161M
$118M
$138M
$146M
$175M
$130M
$153M
$150M
$187M
$149M
$163M
$162M
$194M
$156M
$173M
$179M
$205M
$164M

Omnicom Group Inc. · OMC

$3.4B
$3.9B
$3.4B
$3.6B
$3.4B
$3.9B
$3.4B
$3.6B
$3.6B
$3.6B
$3.9B
$3.9B
$3.7B
$4.0B
$4.0B
$6.2B

QMMM Holdings Limited · QMMM

$2M
$2M
$1M
$1M
$2M
$1M
$1M

Stagwell Inc. · STGW

$467M
$612M
$643M
$673M
$664M
$708M
$622M
$632M
$618M
$655M
$670M
$671M
$711M
$789M
$652M
$707M
$743M
$807M
$704M

The Trade Desk, Inc. · TTD

$301M
$396M
$315M
$377M
$395M
$491M
$383M
$464M
$493M
$606M
$491M
$585M
$628M
$741M
$616M
$694M
$739M
$847M
$689M

WPP plc · WPP

$6.7B
$6.8B
$7.7B
$7.2B
$7.6B
$7.2B
$7.5B
$6.7B
$6.9B

Ziff Davis, Inc. · ZD

$355M
$409M
$315M
$337M
$342M
$397M
$307M
$326M
$341M
$390M
$314M
$321M
$354M
$413M
$273M
$352M
$364M
$407M
$268M

Revenue growth · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AppLovin Corporation · APP

16%
-1.9%
-11%
14%
-3.4%
21%
36%
48%
-5.2%
-3.4%
4.8%
9.6%
77%
68%
66%
59%

Clear Channel Outdoor Holdings, Inc. · CCO

21%
-16%
-24%
-17%
-17%
4.8%
12%
-25%
-29%
-29%
-32%
2.1%
7.2%
8.3%
8.2%
12%

Criteo S.A. · CRTO

-10%
-12%
-14%
-13%
-5.3%
4.9%
0.4%
1.1%
0.4%
-2.1%
-2.3%
0.2%
2.6%
2.4%
-5.8%

DoubleVerify Holdings, Inc. · DV

43%
35%
26%
27%
22%
29%
28%
15%
16%
18%
11%
17%
21%
11%
7.9%
9.7%

Entravision Communications Corporation · EVC

25%
21%
27%
21%
-67%
-68%
-74%
-67%
12%
26%
37%
18%
22%
25%
25%
114%

Magnite, Inc. · MGNI

20%
11%
8.7%
10%
11%
2.7%
6.9%
15%
6.5%
8.0%
3.7%
4.7%
6.1%
10%
5.7%
5.1%

Omnicom Group Inc. · OMC

-0.1%
0.2%
0.3%
1.0%
1.2%
3.9%
5.5%
6.8%
8.5%
1.6%
4.2%
4.0%
69%

QMMM Holdings Limited · QMMM

-50%
-50%
100%
0.0%
-50%

Stagwell Inc. · STGW

220%
42%
16%
-3.3%
-6.1%
-6.9%
-7.5%
7.7%
6.2%
15%
20%
-2.7%
5.4%
4.5%
2.3%
8.0%

The Trade Desk, Inc. · TTD

35%
31%
24%
22%
23%
25%
23%
28%
26%
27%
22%
25%
19%
18%
14%
12%

WPP plc · WPP

3.9%
10%
15%
6.9%
-0.7%
0.1%
-1.4%
-7.8%
-8.3%

Ziff Davis, Inc. · ZD

-1.2%
-3.7%
-2.9%
-2.5%
-3.3%
-0.3%
-1.8%
2.3%
-1.5%
3.8%
5.9%
-13%
9.7%
2.8%
-1.5%
-1.8%
02 · compare level, then change

Operating Economics & Margin Trend

AppLovin Corporation has the highest OPM among the 20 Advertising Agencies companies compared here, at 78.2%. Emerald Holding, Inc. is next at 12.5%. Entravision Communications Corporation has the highest Margin change at +68 percentage points, so level and change sit with different companies. 18 of 20 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: AppLovin Corporation leads opm at 78.2%; Entravision Communications Corporation leads margin change at +68 percentage points.

LeaderAppLovin Corporation · 78.2%
Gap525.6% versus #2 · Emerald Holding, Inc.
Persistence8/8 recent comparable periods
Coverage18/20 companies · 317 observations

Investor read: AppLovin Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1AppLovin Corporation APP78%
2Emerald Holding, Inc. EEX13%
3Clear Channel Outdoor Holdings, Inc. CCO11%
4Entravision Communications Corporation EVC11%
5Omnicom Group Inc. OMC10%
Margin changefastest expanders
1Entravision Communications Corporation EVC+68.0 pp
2AppLovin Corporation APP+5.7 pp
3Magnite, Inc. MGNI+5.6 pp
4DoubleVerify Holdings, Inc. DV+4.5 pp
5Fluent, Inc. FLNT+4.1 pp
Operating margin · company comparison
18/20 level · 18/20 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
AppLovin Corporation APP78%+5.7 ppMar 2026
Emerald Holding, Inc. EEX13%−11.7 ppMar 2026
Clear Channel Outdoor Holdings, Inc. CCO11%−2.9 ppMar 2026
Entravision Communications Corporation EVC11%+68.0 ppMar 2026
Omnicom Group Inc. OMC10%−1.9 ppMar 2026
The Trade Desk, Inc. TTD9.7%+0.9 ppMar 2026
DoubleVerify Holdings, Inc. DV8.6%+4.5 ppMar 2026
Magnite, Inc. MGNI4.7%+5.6 ppMar 2026
QuinStreet, Inc. QNST3.0%+1.2 ppMar 2026
Criteo S.A. CRTO2.4%−8.3 ppMar 2026
Stagwell Inc. STGW1.4%−1.4 ppMar 2026
Ziff Davis, Inc. ZD1.1%−4.2 ppMar 2026
Advantage Solutions Inc. ADV0.5%+2.3 ppMar 2026
Townsquare Media, Inc. TSQ-1.3%−8.5 ppMar 2026
Nexxen International Ltd. NEXN-5.6%−10.0 ppMar 2026
Fluent, Inc. FLNT-8.7%+4.1 ppMar 2026
National CineMedia, Inc. NCMI-79%−55.9 ppJun 2026
QMMM Holdings Limited QMMM-115%−108.4 ppMar 2025
Full 20-quarter history · every available company

OPM · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AppLovin Corporation · APP

6.2%
7.4%
-21%
6.9%
6.9%
-3.2%
8.5%
18%
22%
28%
32%
54%
64%
63%
73%
76%
77%
77%
78%

Clear Channel Outdoor Holdings, Inc. · CCO

8.1%
20%
-0.7%
11%
16%
15%
-2.1%
9.9%
13%
20%
13%
18%
18%
24%
14%
19%
20%
23%
11%

Criteo S.A. · CRTO

6.3%
10%
5.4%
-11%
1.0%
8.6%
-5.3%
0.2%
2.4%
16%
2.3%
7.8%
2.1%
17%
11%
6.3%
11%
2.4%

DoubleVerify Holdings, Inc. · DV

14%
15%
3.0%
12%
13%
21%
12%
11%
13%
22%
4.9%
7.1%
15%
20%
4.1%
7.2%
11%
18%
8.6%

Emerald Holding, Inc. · EEX

-9.3%
-16%
20%
9.5%
204%
28%
14%
-1.2%
-1.4%
20%
18%
7.4%
-6.5%
19%
24%
9.7%
-10%
-12%
13%

Entravision Communications Corporation · EVC

10%
5.3%
2.1%
6.1%
6.6%
2.3%
2.8%
-5.4%
-4.9%
-19%
-9.8%
-4.0%
7.8%
-45%
-58%
-0.8%
-7.5%
-15%
11%

Magnite, Inc. · MGNI

-18%
2.3%
-34%
-17%
-15%
-16%
-77%
-47%
-12%
19%
-9.3%
5.9%
9.3%
21%
-0.9%
13%
14%
25%
4.7%

Omnicom Group Inc. · OMC

16%
16%
10%
15%
16%
17%
10%
15%
16%
13%
13%
16%
12%
11%
13%
10%

QMMM Holdings Limited · QMMM

25%
26%
-46%
-47%
-6.5%
-220%
-115%

Stagwell Inc. · STGW

-4.2%
5.5%
8.5%
7.2%
11%
-2.0%
2.6%
3.4%
5.5%
2.9%
3.9%
3.3%
5.9%
5.5%
2.8%
3.3%
8.2%
7.0%
1.4%

The Trade Desk, Inc. · TTD

27%
-6.4%
-5.4%
0.5%
7.3%
20%
-6.1%
9.0%
7.6%
24%
5.8%
16%
17%
26%
8.8%
17%
22%
30%
9.7%

Ziff Davis, Inc. · ZD

13%
21%
9.7%
14%
8.5%
24%
8.6%
12%
-3.9%
21%
11%
8.9%
-8.3%
19%
5.3%
9.5%
7.8%
21%
1.1%

Margin change · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AppLovin Corporation · APP

+1.7 pp
+0.7 pp
−10.6 pp
+29.0 pp
+10.6 pp
+14.7 pp
+31.5 pp
+23.6 pp
+36.6 pp
+42.4 pp
+34.6 pp
+40.4 pp
+22.0 pp
+12.8 pp
+14.0 pp
+5.7 pp

Clear Channel Outdoor Holdings, Inc. · CCO

+8.5 pp
+7.9 pp
−4.3 pp
−1.4 pp
−1.1 pp
−2.8 pp
+4.5 pp
+15.5 pp
+8.3 pp
+4.6 pp
+3.8 pp
+0.1 pp
+1.0 pp
+2.1 pp
−0.2 pp
−2.9 pp

Criteo S.A. · CRTO

−15.0 pp
−5.3 pp
−1.5 pp
−10.7 pp
+11.6 pp
+1.4 pp
+7.0 pp
+7.6 pp
+7.6 pp
−0.3 pp
+1.5 pp
+8.4 pp
−1.5 pp
+8.9 pp
−8.3 pp

DoubleVerify Holdings, Inc. · DV

+25.0 pp
−1.4 pp
+6.2 pp
+9.4 pp
−1.1 pp
−0.1 pp
+0.5 pp
−7.5 pp
−3.8 pp
+2.5 pp
−1.6 pp
−0.8 pp
+0.1 pp
−4.0 pp
−1.9 pp
+4.5 pp

Emerald Holding, Inc. · EEX

+219.5 pp
+213.3 pp
+44.1 pp
−5.8 pp
−10.7 pp
−205.4 pp
−8.7 pp
+4.5 pp
+8.6 pp
−5.1 pp
−0.6 pp
+6.0 pp
+2.3 pp
−3.6 pp
−30.8 pp
−11.7 pp

Entravision Communications Corporation · EVC

−3.0 pp
−3.7 pp
−3.0 pp
+0.7 pp
−11.5 pp
−11.5 pp
−21.7 pp
−12.6 pp
+1.4 pp
+12.7 pp
−26.0 pp
−47.7 pp
+3.2 pp
−15.3 pp
+30.0 pp
+68.0 pp

Magnite, Inc. · MGNI

+24.1 pp
+3.7 pp
−18.6 pp
−43.5 pp
−30.2 pp
+2.6 pp
+35.1 pp
+67.9 pp
+53.0 pp
+21.2 pp
+1.9 pp
+8.4 pp
+6.8 pp
+4.7 pp
+4.6 pp
+5.6 pp

Omnicom Group Inc. · OMC

−0.7 pp
+0.1 pp
+0.5 pp
−0.3 pp
+0.1 pp
−0.2 pp
+3.1 pp
−2.1 pp
−0.2 pp
−0.9 pp
−2.3 pp
−2.4 pp
−1.9 pp

QMMM Holdings Limited · QMMM

−71.2 pp
−73.0 pp
+39.7 pp
−173.5 pp
−108.4 pp

Stagwell Inc. · STGW

−4.5 pp
+14.8 pp
−7.5 pp
−5.9 pp
−3.8 pp
−5.1 pp
+4.9 pp
+1.3 pp
−0.1 pp
+0.4 pp
+2.6 pp
−1.1 pp
0.0 pp
+2.3 pp
+1.5 pp
−1.4 pp

The Trade Desk, Inc. · TTD

−21.6 pp
−19.4 pp
+26.8 pp
−0.7 pp
+8.5 pp
+0.3 pp
+3.4 pp
+11.9 pp
+7.2 pp
+9.7 pp
+2.6 pp
+3.0 pp
+0.6 pp
+4.5 pp
+3.9 pp
+0.9 pp

Ziff Davis, Inc. · ZD

+10.7 pp
−4.2 pp
+2.7 pp
−1.1 pp
−1.7 pp
−12.4 pp
−2.9 pp
+2.8 pp
−3.0 pp
−4.4 pp
−1.7 pp
−6.1 pp
+0.6 pp
+16.1 pp
+2.2 pp
−4.2 pp
03 · compare level, then change

Profit Scale & Acceleration

AppLovin Corporation has the highest Net profit among the 20 Advertising Agencies companies compared here, at $3,964 million. Omnicom Group Inc. is next at $1,052 million. The same company also holds the highest Profit growth, at the 100% top of the scoring scale. 16 of 20 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: AppLovin Corporation leads with $3,964 million of TTM profit, 276.8% above Omnicom Group Inc.. AppLovin Corporation shows ≥100% on the scoring scale (106.6% uncapped) growth from a $3,964 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderAppLovin Corporation · $3,964 million
Gap276.8% versus #2 · Omnicom Group Inc.
Persistence8/8 recent comparable periods
Coverage16/20 companies · 333 observations

Investor read: AppLovin Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1AppLovin Corporation APP$4.0B
2Omnicom Group Inc. OMC$1.1B
3The Trade Desk, Inc. TTD$433M
4Magnite, Inc. MGNI$158M
5Criteo S.A. CRTO$118M
Profit growthfastest growers
1AppLovin Corporation APP100%
2DoubleVerify Holdings, Inc. DV8.0%
3The Trade Desk, Inc. TTD5.1%
4Omnicom Group Inc. OMC-0.4%
5Criteo S.A. CRTO-19%
Net profit · company comparison
16/20 level · 8/20 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
AppLovin Corporation APP$1.2B109%Mar 2026
Omnicom Group Inc. OMC$420M39%Mar 2026
The Trade Desk, Inc. TTD$40M-22%Mar 2026
Ziff Davis, Inc. ZD$21M-38%Mar 2026
Entravision Communications Corporation EVC$12M-200%Mar 2026
Criteo S.A. CRTO$9M-78%Mar 2026
Emerald Holding, Inc. EEX$7M-53%Mar 2026
QuinStreet, Inc. QNST$7M75%Mar 2026
DoubleVerify Holdings, Inc. DV$6M200%Mar 2026
Magnite, Inc. MGNI$4M242%Mar 2026
Townsquare Media, Inc. TSQ$3M-120%Mar 2026
QMMM Holdings Limited QMMM$-1MMar 2025
Nexxen International Ltd. NEXN$-5M-350%Mar 2026
Fluent, Inc. FLNT$-5M-263%Mar 2026
Stagwell Inc. STGW$-14M6.3%Mar 2026
National CineMedia, Inc. NCMI$-29M4.2%Jun 2026
Clear Channel Outdoor Holdings, Inc. CCO$-48M-176%Mar 2026
Advantage Solutions Inc. ADV$-72M-1,089%Mar 2026
WPP plc WPP$-242M-163%Dec 2025
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AppLovin Corporation · APP

$0M
$31M
$-115M
$-22M
$24M
$-80M
$-5M
$80M
$109M
$172M
$236M
$310M
$434M
$599M
$576M
$820M
$836M
$1.1B
$1.2B

Clear Channel Outdoor Holdings, Inc. · CCO

$-41M
$66M
$-90M
$-65M
$-39M
$99M
$-35M
$-37M
$-263M
$20M
$-89M
$-39M
$-32M
$-17M
$63M
$11M
$-59M
$10M
$-48M

Criteo S.A. · CRTO

$24M
$75M
$21M
$-33M
$7M
$16M
$-12M
$-2M
$7M
$62M
$9M
$28M
$6M
$72M
$40M
$23M
$40M
$46M
$9M

DoubleVerify Holdings, Inc. · DV

$8M
$28M
$5M
$10M
$10M
$18M
$12M
$13M
$13M
$33M
$7M
$7M
$18M
$23M
$2M
$9M
$10M
$29M
$6M

Entravision Communications Corporation · EVC

$14M
$4M
$2M
$8M
$9M
$1M
$2M
$-6M
$-6M
$-13M
$-8M
$4M
$-11M
$-56M
$-48M
$-4M
$-10M
$-17M
$12M

Magnite, Inc. · MGNI

$-24M
$0M
$-45M
$-25M
$-24M
$-36M
$-99M
$-74M
$-17M
$31M
$-18M
$-1M
$5M
$36M
$-10M
$11M
$20M
$123M
$4M

Omnicom Group Inc. · OMC

$-2M
$-5M
$195M
$-2M
$-1M
$-3M
$0M
$-1M
$-2M
$-2M
$-1M
$345M
$410M
$-2M
$303M
$278M
$355M
$-1M
$420M

QMMM Holdings Limited · QMMM

$0M
$0M
$-1M
$-1M
$0M
$-1M
$-1M

Stagwell Inc. · STGW

$8M
$5M
$34M
$25M
$35M
$-28M
$-3M
$-5M
$3M
$46M
$-1M
$-4M
$14M
$16M
$-5M
$-5M
$24M
$17M
$-14M

The Trade Desk, Inc. · TTD

$59M
$-27M
$-15M
$-19M
$16M
$71M
$9M
$33M
$39M
$97M
$32M
$85M
$94M
$182M
$51M
$90M
$116M
$187M
$40M

WPP plc · WPP

$433M
$301M
$474M
$149M
$48M
$246M
$383M
$70M
$-242M

Ziff Davis, Inc. · ZD

$49M
$739M
$25M
$-46M
$18M
$67M
$-8M
$17M
$-31M
$63M
$11M
$37M
$-49M
$64M
$34M
$26M
$-4M
$0M
$21M

Profit growth · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AppLovin Corporation · APP

-257%
-358%
354%
288%
298%
248%
144%
165%
93%
84%
109%

Clear Channel Outdoor Holdings, Inc. · CCO

50%
-80%
-185%
-176%

Criteo S.A. · CRTO

-320%
-71%
-79%
-157%
0.0%
288%
-14%
16%
344%
-18%
567%
-36%
-78%

DoubleVerify Holdings, Inc. · DV

25%
-36%
140%
30%
30%
83%
-42%
-46%
38%
-30%
-71%
29%
-44%
26%
200%

Emerald Holding, Inc. · EEX

-56%
-88%
-42%
57%
-200%
0.0%
36%
-327%
-53%

Entravision Communications Corporation · EVC

-20%
-36%
-75%
0.0%
-175%
-167%
-1,400%
-500%
-200%

Magnite, Inc. · MGNI

-168%
16%
300%
242%

Omnicom Group Inc. · OMC

-101%
-100%
-19%
-13%
39%

Stagwell Inc. · STGW

32%
338%
-660%
-109%
-120%
-91%
367%
-65%
71%
6.3%

The Trade Desk, Inc. · TTD

-140%
-73%
144%
37%
256%
158%
141%
88%
59%
5.9%
23%
2.8%
-22%

WPP plc · WPP

60%
4.9%
9.5%
-51%
-90%
65%
698%
-72%
-163%

Ziff Davis, Inc. · ZD

-63%
-91%
-132%
-272%
-6.0%
118%
1.6%
209%
-30%
-100%
-38%
04 · compare level, then change

Capacity Spending & Returns On It

The Trade Desk, Inc. has the highest CAPEX among the 20 Advertising Agencies companies compared here, at $113 million. Omnicom Group Inc. is next at $61 million. The same company also holds the highest CAPEX intensity, at 16.4%. 18 of 20 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: The Trade Desk, Inc. reports $113 million of CAPEX; The Trade Desk, Inc. has the highest covered intensity at 16.4%. Coverage is only 18 of 20 companies and 294 reported observations, so this is partial evidence—not a complete sector rank.

LeaderThe Trade Desk, Inc. · $113 million
Gap85.2% versus #2 · Omnicom Group Inc.
Persistence8/8 recent comparable periods
Coverage18/20 companies · 294 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1The Trade Desk, Inc. TTD$113M
2Omnicom Group Inc. OMC$61M
3WPP plc WPP · older report$49M
4Ziff Davis, Inc. ZD$33M
5Clear Channel Outdoor Holdings, Inc. CCO$16M
CAPEX intensityhighest reinvestment intensity
1The Trade Desk, Inc. TTD16%
2Ziff Davis, Inc. ZD12%
3DoubleVerify Holdings, Inc. DV6.1%
4Magnite, Inc. MGNI5.5%
5Clear Channel Outdoor Holdings, Inc. CCO4.3%
Capital expenditure · company comparison
18/20 level · 18/20 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyCAPEXCAPEX intensityReported
The Trade Desk, Inc. TTD$113M16%Mar 2026
Omnicom Group Inc. OMC$61M1.0%Mar 2026
WPP plc WPP$49M0.7%Dec 2025
Ziff Davis, Inc. ZD$33M12%Mar 2026
Clear Channel Outdoor Holdings, Inc. CCO$16M4.3%Mar 2026
Stagwell Inc. STGW$11M1.6%Mar 2026
DoubleVerify Holdings, Inc. DV$11M6.1%Mar 2026
Advantage Solutions Inc. ADV$11M1.3%Mar 2026
Magnite, Inc. MGNI$9M5.5%Mar 2026
Entravision Communications Corporation EVC$4M2.0%Mar 2026
Townsquare Media, Inc. TSQ$4M4.1%Mar 2026
Nexxen International Ltd. NEXN$3M3.4%Mar 2026
QuinStreet, Inc. QNST$1M0.3%Mar 2026
AppLovin Corporation APP$0M0.0%Mar 2026
QMMM Holdings Limited QMMM$0M0.0%Mar 2025
Emerald Holding, Inc. EEX$0M0.0%Mar 2026
National CineMedia, Inc. NCMI$0M0.0%Jun 2026
Fluent, Inc. FLNT$0M0.0%Mar 2026
Full 20-quarter history · every available company

CAPEX · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AppLovin Corporation · APP

$0M
$0M
$0M
$0M
$0M
$0M

Clear Channel Outdoor Holdings, Inc. · CCO

$33M
$66M
$36M
$45M
$43M
$60M
$38M
$37M
$37M
$54M
$26M
$26M
$33M
$57M
$26M
$17M
$15M
$26M
$16M

DoubleVerify Holdings, Inc. · DV

$2M
$4M
$5M
$9M
$14M
$12M
$4M
$4M
$5M
$5M
$6M
$7M
$6M
$7M
$6M
$10M
$12M
$11M
$11M

Emerald Holding, Inc. · EEX

$0M
$1M
$1M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$1M
$0M
$0M
$0M
$0M
$0M

Entravision Communications Corporation · EVC

$1M
$2M
$2M
$2M
$5M
$4M
$7M
$8M
$5M
$7M
$3M
$2M
$2M
$2M
$3M
$2M
$1M
$1M
$4M

Magnite, Inc. · MGNI

$3M
$4M
$7M
$1M
$9M
$13M
$4M
$8M
$4M
$10M
$6M
$9M
$14M
$4M
$14M
$13M
$18M
$25M
$9M

Omnicom Group Inc. · OMC

$20M
$623M
$23M
$19M
$23M
$13M
$23M
$17M
$24M
$14M
$23M
$39M
$31M
$47M
$30M
$42M
$39M
$39M
$61M

QMMM Holdings Limited · QMMM

$0M
$0M
$0M
$0M

Stagwell Inc. · STGW

$6M
$9M
$5M
$8M
$4M
$7M
$3M
$5M
$4M
$2M
$5M
$9M
$3M
$2M
$6M
$8M
$15M
$17M
$11M

The Trade Desk, Inc. · TTD

$25M
$11M
$8M
$4M
$24M
$48M
$9M
$7M
$5M
$25M
$7M
$22M
$49M
$20M
$59M
$45M
$66M
$26M
$113M

WPP plc · WPP

$152M
$102M
$107M
$81M
$96M
$82M
$107M
$42M
$49M

Ziff Davis, Inc. · ZD

$30M
$26M
$31M
$23M
$27M
$25M
$30M
$25M
$27M
$26M
$28M
$26M
$26M
$27M
$26M
$30M
$30M
$33M
$33M

CAPEX intensity · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AppLovin Corporation · APP

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

Clear Channel Outdoor Holdings, Inc. · CCO

5.5%
8.9%
6.8%
7.0%
8.5%
11%
8.7%
7.0%
7.0%
8.5%
8.0%
6.9%
8.8%
13%
7.8%
4.2%
3.7%
5.6%
4.3%

DoubleVerify Holdings, Inc. · DV

2.4%
3.8%
5.2%
8.2%
13%
9.0%
3.3%
3.0%
3.5%
2.9%
4.3%
4.5%
3.5%
3.7%
3.6%
5.3%
6.3%
5.3%
6.1%

Emerald Holding, Inc. · EEX

0.0%
2.4%
1.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.9%
0.0%
0.0%
0.0%
0.0%
0.0%

Entravision Communications Corporation · EVC

0.5%
0.9%
1.0%
0.9%
2.1%
1.4%
2.9%
11%
6.5%
9.0%
3.8%
2.4%
2.1%
1.9%
3.3%
2.0%
0.8%
0.7%
2.0%

Magnite, Inc. · MGNI

2.3%
2.5%
5.9%
0.7%
6.2%
7.4%
3.1%
5.2%
2.7%
5.3%
4.0%
5.5%
8.6%
2.1%
9.0%
7.5%
10%
12%
5.5%

Omnicom Group Inc. · OMC

0.6%
16%
0.7%
0.5%
0.7%
0.3%
0.7%
0.5%
0.7%
0.6%
1.0%
0.8%
0.8%
1.0%
1.0%
1.0%

QMMM Holdings Limited · QMMM

0.0%
0.0%
0.0%
0.0%

Stagwell Inc. · STGW

1.3%
1.5%
0.8%
1.2%
0.6%
1.0%
0.5%
0.8%
0.6%
0.3%
0.7%
1.3%
0.4%
0.3%
0.9%
1.1%
2.0%
2.1%
1.6%

The Trade Desk, Inc. · TTD

8.3%
2.8%
2.5%
1.1%
6.1%
9.8%
2.3%
1.5%
1.0%
4.1%
1.4%
3.8%
7.8%
2.7%
9.6%
6.5%
8.9%
3.1%
16%

WPP plc · WPP

2.3%
1.5%
1.4%
1.1%
1.3%
1.1%
1.4%
0.6%
0.7%

Ziff Davis, Inc. · ZD

8.5%
6.4%
9.8%
6.8%
7.9%
6.3%
9.8%
7.7%
7.9%
6.7%
8.9%
8.1%
7.3%
6.5%
9.5%
8.5%
8.2%
8.1%
12%
Annual capital allocation · 7-year view
19/20 capacity base · 20/20 OCF · 19/20 CAPEX · 20/20 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AppLovin Corporation · APP

$135M
$139M
$222M
$196M
$148M

Criteo S.A. · CRTO

$260M
$233M
$238M
$207M
$274M

Magnite, Inc. · MGNI

$111M
$123M
$108M
$119M
$175M

Omnicom Group Inc. · OMC

$2.2B
$2.1B
$1.9B
$1.9B
$2.4B

QMMM Holdings Limited · QMMM

$0M
$0M
$0M
$0M

Stagwell Inc. · STGW

$409M
$372M
$332M
$292M
$287M

The Trade Desk, Inc. · TTD

$370M
$394M
$359M
$473M
$739M

WPP plc · WPP

$2.3B
$2.5B
$2.2B
$2.3B
$2.0B

Ziff Davis, Inc. · ZD

$161M
$178M
$188M
$197M
$213M

Operating cash flow · fiscal-year history

Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AppLovin Corporation · APP

$362M
$413M
$1.1B
$2.1B
$4.0B

Criteo S.A. · CRTO

$221M
$256M
$224M
$258M
$311M

Magnite, Inc. · MGNI

$127M
$193M
$214M
$235M
$236M

Omnicom Group Inc. · OMC

$1.9B
$927M
$1.4B
$1.7B
$2.9B

QMMM Holdings Limited · QMMM

$0M
$1M
$-1M
$-6M

Stagwell Inc. · STGW

$201M
$348M
$81M
$143M
$291M

The Trade Desk, Inc. · TTD

$379M
$549M
$598M
$739M
$993M

WPP plc · WPP

$2.0B
$701M
$1.2B
$1.4B
$724M

Ziff Davis, Inc. · ZD

$517M
$336M
$320M
$390M
$407M

CAPEX · reported cash flow · fiscal-year history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AppLovin Corporation · APP

$1M
$1M

Emerald Holding, Inc. · EEX

$2M
$2M
$1M
$1M
$1M

Magnite, Inc. · MGNI

$18M
$31M
$27M
$33M
$71M

Omnicom Group Inc. · OMC

$666M
$78M
$78M
$141M
$150M

QMMM Holdings Limited · QMMM

$0M
$0M
$0M

Stagwell Inc. · STGW

$9M
$23M
$14M
$19M
$44M

The Trade Desk, Inc. · TTD

$55M
$84M
$47M
$98M
$197M

WPP plc · WPP

$263M
$209M
$177M
$189M
$91M

Ziff Davis, Inc. · ZD

$114M
$106M
$109M
$107M
$119M

Free cash flow · fiscal-year history

Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AppLovin Corporation · APP

$360M
$412M
$1.1B
$2.1B
$4.0B

Criteo S.A. · CRTO

$221M
$256M
$224M
$258M
$311M

Magnite, Inc. · MGNI

$109M
$162M
$188M
$202M
$166M

Omnicom Group Inc. · OMC

$1.3B
$848M
$1.3B
$1.6B
$2.8B

QMMM Holdings Limited · QMMM

$0M
$1M
$-1M
$-6M

Stagwell Inc. · STGW

$192M
$325M
$67M
$124M
$247M

The Trade Desk, Inc. · TTD

$324M
$465M
$552M
$641M
$796M

WPP plc · WPP

$1.8B
$492M
$1.1B
$1.2B
$633M

Ziff Davis, Inc. · ZD

$403M
$230M
$211M
$284M
$288M
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

QMMM Holdings Limited has the lowest Gross debt among the 20 Advertising Agencies companies compared here, at $0 million. National CineMedia, Inc. is next at $21 million. The Trade Desk, Inc. has the lowest Net debt at $982 million net cash, so level and change sit with different companies.

What the numbers say: The Trade Desk, Inc. has the clearest covered balance-sheet capacity with $982 million net cash and gross debt of $424 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderQMMM Holdings Limited · $0 million
Gap100% versus #2 · National CineMedia, Inc.
Persistence6/6 recent comparable periods
Coverage18/20 companies · 321 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1QMMM Holdings Limited QMMM · older report$0M
2National CineMedia, Inc. NCMI$21M
3Nexxen International Ltd. NEXN$30M
4Fluent, Inc. FLNT$31M
5QuinStreet, Inc. QNST$76M
Net debtlowest net debt
1The Trade Desk, Inc. TTD$-982M
2Criteo S.A. CRTO$-204M
3DoubleVerify Holdings, Inc. DV$-78M
4Nexxen International Ltd. NEXN$-65M
5National CineMedia, Inc. NCMI$-28M
Debt and balance-sheet capacity · company comparison
18/20 level · 18/20 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
Omnicom Group Inc. OMC$11.5B$7.2BMar 2026
Clear Channel Outdoor Holdings, Inc. CCO$6.4B$6.3BMar 2026
AppLovin Corporation APP$3.5B$755MMar 2026
Stagwell Inc. STGW$1.7B$1.6BMar 2026
Advantage Solutions Inc. ADV$1.5B$1.4BMar 2026
Ziff Davis, Inc. ZD$867M$347MMar 2026
Emerald Holding, Inc. EEX$508M$387MMar 2026
Townsquare Media, Inc. TSQ$484M$482MMar 2026
Magnite, Inc. MGNI$430M$245MMar 2026
The Trade Desk, Inc. TTD$424M$-982MMar 2026
Entravision Communications Corporation EVC$210M$138MMar 2026
Criteo S.A. CRTO$144M$-204MMar 2026
DoubleVerify Holdings, Inc. DV$96M$-78MMar 2026
QuinStreet, Inc. QNST$76M$-26MMar 2026
Fluent, Inc. FLNT$31M$21MMar 2026
Nexxen International Ltd. NEXN$30M$-65MMar 2026
National CineMedia, Inc. NCMI$21M$-28MJun 2026
QMMM Holdings Limited QMMM$0M$0MMar 2025
Full 20-quarter history · every available company

Gross debt · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AppLovin Corporation · APP

$1.8B
$3.3B
$3.3B
$3.3B
$3.3B
$3.3B
$3.3B
$3.3B
$3.2B
$3.2B
$3.5B
$3.5B
$3.5B
$3.6B
$3.7B
$3.5B
$3.5B
$3.5B
$3.5B

Clear Channel Outdoor Holdings, Inc. · CCO

$7.4B
$7.2B
$7.2B
$7.2B
$7.2B
$7.0B
$7.2B
$7.1B
$7.1B
$6.8B
$7.2B
$7.2B
$7.2B
$7.0B
$6.7B
$6.4B
$6.5B
$6.5B
$6.4B

Criteo S.A. · CRTO

$125M
$129M
$120M
$115M
$108M
$109M
$118M
$108M
$119M
$120M
$117M
$114M
$118M
$107M
$110M
$131M
$119M
$150M
$144M

DoubleVerify Holdings, Inc. · DV

$5M
$5M
$83M
$85M
$84M
$84M
$84M
$89M
$88M
$86M
$90M
$91M
$94M
$92M
$105M
$104M
$103M
$100M
$96M

Emerald Holding, Inc. · EEX

$536M
$535M
$532M
$531M
$530M
$429M
$428M
$418M
$417M
$416M
$415M
$414M
$413M
$407M
$515M
$515M
$515M
$509M
$508M

Entravision Communications Corporation · EVC

$250M
$241M
$240M
$238M
$258M
$260M
$263M
$265M
$264M
$259M
$252M
$239M
$238M
$237M
$235M
$224M
$218M
$214M
$210M

Magnite, Inc. · MGNI

$794M
$809M
$806M
$808M
$809M
$814M
$760M
$719M
$680M
$607M
$626M
$623M
$619M
$609M
$617M
$619M
$625M
$626M
$430M

Omnicom Group Inc. · OMC

$2.0B
$6.7B
$6.6B
$6.5B
$6.4B
$1.8B
$6.5B
$6.5B
$6.4B
$6.5B
$7.1B
$7.1B
$2.5B
$6.9B
$1.6B
$7.1B
$7.1B
$10.7B
$11.5B

QMMM Holdings Limited · QMMM

$0M
$1M
$0M
$0M
$0M
$0M

Stagwell Inc. · STGW

$1.7B
$1.6B
$1.6B
$1.8B
$1.7B
$1.6B
$1.6B
$1.8B
$1.8B
$1.5B
$1.6B
$1.7B
$1.8B
$1.7B
$1.7B
$1.8B
$1.8B
$1.6B
$1.7B

The Trade Desk, Inc. · TTD

$294M
$285M
$277M
$268M
$267M
$261M
$254M
$253M
$248M
$236M
$238M
$264M
$293M
$312M
$335M
$344M
$376M
$436M
$424M

Ziff Davis, Inc. · ZD

$1.8B
$1.1B
$1.2B
$1.2B
$1.1B
$999M
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$864M
$864M
$865M
$865M
$866M
$867M
$867M

Net debt · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AppLovin Corporation · APP

$786M
$738M
$1.9B
$2.3B
$2.3B
$2.2B
$2.0B
$2.4B
$2.9B
$2.7B
$3.1B
$3.1B
$2.9B
$2.9B
$3.2B
$2.3B
$1.8B
$1.1B
$755M

Clear Channel Outdoor Holdings, Inc. · CCO

$6.8B
$6.8B
$6.8B
$6.9B
$6.8B
$6.7B
$6.8B
$6.9B
$6.8B
$6.6B
$7.0B
$7.0B
$7.0B
$6.9B
$6.3B
$6.3B
$6.3B
$6.3B
$6.3B

Criteo S.A. · CRTO

$-419M
$-437M
$-501M
$-458M
$-209M
$-264M
$-209M
$-136M
$-97M
$-222M
$-161M
$-119M
$-114M
$-210M
$-203M
$-93M
$-160M
$-215M
$-204M

DoubleVerify Holdings, Inc. · DV

$-315M
$-217M
$-129M
$-139M
$-159M
$-184M
$-202M
$-206M
$-171M
$-224M
$-244M
$-248M
$-269M
$-219M
$-69M
$-113M
$-98M
$-159M
$-78M

Emerald Holding, Inc. · EEX

$232M
$304M
$278M
$299M
$164M
$190M
$211M
$213M
$217M
$212M
$228M
$221M
$224M
$212M
$238M
$359M
$420M
$408M
$387M

Entravision Communications Corporation · EVC

$66M
$55M
$28M
$53M
$92M
$104M
$82M
$138M
$135M
$178M
$118M
$150M
$144M
$136M
$156M
$154M
$151M
$150M
$138M

Magnite, Inc. · MGNI

$606M
$579M
$601M
$575M
$555M
$488M
$523M
$453M
$369M
$281M
$373M
$297M
$232M
$126M
$187M
$193M
$143M
$73M
$245M

Omnicom Group Inc. · OMC

$-2.4B
$1.3B
$2.6B
$3.2B
$3.1B
$-2.6B
$3.2B
$3.7B
$3.6B
$2.1B
$3.9B
$4.4B
$-1.1B
$2.5B
$-1.8B
$3.8B
$3.7B
$3.9B
$7.2B

QMMM Holdings Limited · QMMM

$0M
$0M
$0M
$0M
$-1M
$0M

Stagwell Inc. · STGW

$1.6B
$1.4B
$1.5B
$1.7B
$1.5B
$1.3B
$1.5B
$1.7B
$1.7B
$1.4B
$1.5B
$1.6B
$1.6B
$1.5B
$1.6B
$1.6B
$1.7B
$1.5B
$1.6B

The Trade Desk, Inc. · TTD

$-505M
$-674M
$-828M
$-945M
$-1.1B
$-1.2B
$-1.1B
$-1.2B
$-1.3B
$-1.1B
$-1.2B
$-1.2B
$-1.4B
$-1.6B
$-1.4B
$-1.3B
$-1.1B
$-867M
$-982M

Ziff Davis, Inc. · ZD

$1.2B
$167M
$332M
$450M
$383M
$288M
$239M
$285M
$311M
$236M
$251M
$315M
$478M
$358M
$434M
$408M
$363M
$260M
$347M
06 · compare level, then change

Return On Capital Employed

AppLovin Corporation has the highest ROCE among the 20 Advertising Agencies companies compared here, at 27.4%. Unitrend Entertainment Group Limited is next at 23.5%. Entravision Communications Corporation has the highest ROCE change at +18.1 percentage points, so level and change sit with different companies. 20 of 20 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: AppLovin Corporation leads ROCE at 27.4%, 3.9 percentage points above Unitrend Entertainment Group Limited. Entravision Communications Corporation has the strongest latest improvement at +18.1 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderAppLovin Corporation · 27.4%
Gap16.6% versus #2 · Unitrend Entertainment Group Limited
Persistence8/8 recent comparable periods
Coverage20/20 companies · 341 observations

Investor read: AppLovin Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1AppLovin Corporation APP27%
2Unitrend Entertainment Group Limited INHI24%
3Entravision Communications Corporation EVC6.4%
4Omnicom Group Inc. OMC3.4%
5QuinStreet, Inc. QNST2.9%
ROCE changefastest improvers
1Entravision Communications Corporation EVC+18.1 pp
2Unitrend Entertainment Group Limited INHI+15.2 pp
3AppLovin Corporation APP+8.3 pp
4Fluent, Inc. FLNT+8.3 pp
5QuinStreet, Inc. QNST+0.9 pp
Return on capital · company comparison
20/20 level · 20/20 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
AppLovin Corporation APP27%+8.3 ppMar 2026
Entravision Communications Corporation EVC6.4%+18.1 ppMar 2026
Omnicom Group Inc. OMC3.4%−0.1 ppMar 2026
QuinStreet, Inc. QNST2.9%+0.9 ppMar 2026
The Trade Desk, Inc. TTD2.3%+0.3 ppMar 2026
Emerald Holding, Inc. EEX2.1%−2.0 ppMar 2026
DoubleVerify Holdings, Inc. DV1.4%+0.8 ppMar 2026
Clear Channel Outdoor Holdings, Inc. CCO1.2%−0.1 ppMar 2026
WPP plc WPP0.8%−3.6 ppDec 2025
Criteo S.A. CRTO0.8%−3.1 ppMar 2026
Magnite, Inc. MGNI0.6%+0.7 ppMar 2026
Stagwell Inc. STGW0.4%−0.3 ppMar 2026
Advantage Solutions Inc. ADV0.2%+0.7 ppMar 2026
Ziff Davis, Inc. ZD0.1%−0.4 ppMar 2026
Townsquare Media, Inc. TSQ-0.3%−1.7 ppMar 2026
Nexxen International Ltd. NEXN-1.0%−1.6 ppMar 2026
National CineMedia, Inc. NCMI-6.3%−3.6 ppJun 2026
Fluent, Inc. FLNT-17%+8.3 ppMar 2026
QMMM Holdings Limited QMMM-73%−154.4 ppMar 2025
Full 20-quarter history · every available company

ROCE · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AppLovin Corporation · APP

1.6%
1.7%
-3.4%
1.1%
1.1%
-0.4%
1.1%
2.6%
3.9%
5.6%
6.9%
8.2%
12%
14%
19%
20%
22%
24%
27%

Clear Channel Outdoor Holdings, Inc. · CCO

1.1%
3.3%
-0.1%
1.7%
2.0%
2.1%
-0.2%
1.3%
1.8%
3.2%
1.1%
1.8%
1.8%
2.7%
1.3%
2.2%
2.3%
3.2%
1.2%

Criteo S.A. · CRTO

2.6%
5.1%
2.2%
-4.5%
0.4%
3.8%
-1.9%
0.1%
0.9%
7.0%
0.9%
3.1%
0.8%
7.7%
3.9%
2.4%
4.1%
5.6%
0.8%

DoubleVerify Holdings, Inc. · DV

1.9%
2.4%
0.4%
1.6%
1.7%
3.2%
1.6%
1.5%
1.8%
3.5%
0.6%
1.0%
2.2%
3.3%
0.6%
1.1%
1.8%
3.1%
1.4%

Entravision Communications Corporation · EVC

3.5%
2.0%
0.7%
2.2%
2.5%
1.1%
1.1%
-0.7%
-0.6%
-2.5%
-1.3%
-0.6%
1.4%
-9.5%
-12%
-0.2%
-2.3%
-6.0%
6.4%

Magnite, Inc. · MGNI

-2.3%
0.3%
-3.3%
-1.4%
-1.3%
-1.7%
-6.5%
-4.8%
-1.2%
2.4%
-1.0%
0.7%
1.1%
3.0%
-0.1%
1.8%
2.0%
3.9%
0.6%

Omnicom Group Inc. · OMC

4.6%
5.1%
2.9%
4.6%
4.7%
5.3%
2.9%
4.7%
4.8%
5.4%
4.0%
4.2%
4.7%
5.5%
3.5%
3.5%
4.1%
-5.1%
3.4%

QMMM Holdings Limited · QMMM

232%
87%
171%
82%
-30%
-73%

Stagwell Inc. · STGW

-1.0%
2.0%
3.0%
2.6%
2.5%
-0.5%
0.6%
0.8%
1.2%
0.8%
1.0%
0.8%
1.6%
1.8%
0.7%
0.9%
2.2%
2.1%
0.4%

The Trade Desk, Inc. · TTD

6.0%
-1.7%
-1.1%
0.1%
1.6%
4.9%
-1.1%
1.9%
1.7%
6.1%
1.3%
3.8%
4.1%
7.0%
2.0%
4.1%
5.5%
8.4%
2.3%

WPP plc · WPP

3.1%
3.1%
2.2%
2.2%
3.6%
3.6%
1.3%
1.3%
1.0%
1.0%
1.9%
1.9%
4.4%
4.4%
1.1%
1.1%
0.8%
0.8%

Ziff Davis, Inc. · ZD

1.7%
2.8%
1.0%
1.6%
1.0%
2.9%
0.8%
1.3%
-0.4%
2.6%
1.2%
0.9%
-1.0%
2.7%
0.5%
1.1%
1.0%
3.2%
0.1%

ROCE change · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AppLovin Corporation · APP

−0.5 pp
−2.1 pp
+4.5 pp
+1.5 pp
+2.8 pp
+6.0 pp
+5.8 pp
+5.6 pp
+8.2 pp
+8.0 pp
+12.2 pp
+12.2 pp
+9.6 pp
+10.2 pp
+8.3 pp

Clear Channel Outdoor Holdings, Inc. · CCO

+0.9 pp
−1.2 pp
−0.1 pp
−0.4 pp
−0.2 pp
+1.1 pp
+1.3 pp
+0.5 pp
0.0 pp
−0.5 pp
+0.2 pp
+0.4 pp
+0.5 pp
+0.5 pp
−0.1 pp

Criteo S.A. · CRTO

−2.2 pp
−1.3 pp
−4.1 pp
+4.6 pp
+0.5 pp
+3.2 pp
+2.8 pp
+3.0 pp
−0.1 pp
+0.7 pp
+3.0 pp
−0.7 pp
+3.3 pp
−2.1 pp
−3.1 pp

DoubleVerify Holdings, Inc. · DV

−0.2 pp
+0.8 pp
+1.2 pp
−0.1 pp
+0.1 pp
+0.3 pp
−1.0 pp
−0.5 pp
+0.4 pp
−0.2 pp
0.0 pp
+0.1 pp
−0.4 pp
−0.2 pp
+0.8 pp

Entravision Communications Corporation · EVC

−1.0 pp
−0.9 pp
+0.4 pp
−2.9 pp
−3.1 pp
−3.6 pp
−2.4 pp
+0.1 pp
+2.0 pp
−7.0 pp
−10.4 pp
+0.4 pp
−3.7 pp
+3.5 pp
+18.1 pp

Magnite, Inc. · MGNI

+1.0 pp
−2.0 pp
−3.2 pp
−3.4 pp
+0.1 pp
+4.1 pp
+5.5 pp
+5.5 pp
+2.3 pp
+0.6 pp
+0.9 pp
+1.1 pp
+0.9 pp
+0.9 pp
+0.7 pp

Omnicom Group Inc. · OMC

+0.1 pp
+0.2 pp
0.0 pp
+0.1 pp
+0.1 pp
+0.1 pp
+1.1 pp
−0.5 pp
−0.1 pp
+0.1 pp
−0.5 pp
−0.7 pp
−0.6 pp
−10.6 pp
−0.1 pp

QMMM Holdings Limited · QMMM

−61.3 pp
−5.0 pp
−200.7 pp
−154.4 pp

Stagwell Inc. · STGW

+3.5 pp
−2.5 pp
−2.4 pp
−1.8 pp
−1.3 pp
+1.3 pp
+0.4 pp
0.0 pp
+0.4 pp
+1.0 pp
−0.3 pp
+0.1 pp
+0.6 pp
+0.3 pp
−0.3 pp

The Trade Desk, Inc. · TTD

−4.4 pp
+6.6 pp
0.0 pp
+1.8 pp
+0.1 pp
+1.2 pp
+2.4 pp
+1.9 pp
+2.4 pp
+0.9 pp
+0.7 pp
+0.3 pp
+1.4 pp
+1.4 pp
+0.3 pp

WPP plc · WPP

+0.5 pp
+0.5 pp
−0.9 pp
−0.9 pp
−2.6 pp
−2.6 pp
+0.6 pp
+0.6 pp
+3.4 pp
+3.4 pp
−0.8 pp
−0.8 pp
−3.6 pp
−3.6 pp

Ziff Davis, Inc. · ZD

−0.7 pp
+0.1 pp
−0.2 pp
−0.3 pp
−1.4 pp
−0.3 pp
+0.4 pp
−0.4 pp
−0.6 pp
+0.1 pp
−0.7 pp
+0.2 pp
+2.0 pp
+0.5 pp
−0.4 pp
07 · compare level, then change

Valuation Against Growth & Quality

Criteo S.A. has the lowest Guarded PEG among the 20 Advertising Agencies companies compared here, at 0.2×. Ziff Davis, Inc. is next at 0.61×. National CineMedia, Inc. has the lowest P/E at 1.59×, so level and change sit with different companies. 5 of 20 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Criteo S.A. has the lowest comparable Guarded PEG at 0.2×, 67.2% below Ziff Davis, Inc.. Only 5 of 20 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderCriteo S.A. · 0.2×
Gap67.2% versus #2 · Ziff Davis, Inc.
Persistence0/8 recent comparable periods
Coverage5/20 companies · 11 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Criteo S.A. CRTO0.2
2Ziff Davis, Inc. ZD0.6
3Omnicom Group Inc. OMC1.9
4DoubleVerify Holdings, Inc. DV2.1
5The Trade Desk, Inc. TTD3.5
P/Elowest P/E
1National CineMedia, Inc. NCMI1.6
2Townsquare Media, Inc. TSQ6.5
3Criteo S.A. CRTO8.4
4Advantage Solutions Inc. ADV9.7
5QuinStreet, Inc. QNST10.5
Valuation · company comparison
5/20 level · 17/20 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
The Trade Desk, Inc. TTD3.525.8Mar 2026
DoubleVerify Holdings, Inc. DV2.129.7Mar 2026
Omnicom Group Inc. OMC1.915.2Mar 2026
Ziff Davis, Inc. ZD0.636.8Mar 2026
Criteo S.A. CRTO0.28.4Mar 2026
AppLovin Corporation APP34.2Mar 2026
WPP plc WPP51.0Dec 2025
Magnite, Inc. MGNI11.4Mar 2026
Stagwell Inc. STGW89.9Mar 2026
Clear Channel Outdoor Holdings, Inc. CCO55.3Mar 2026
Entravision Communications Corporation EVC365.0Mar 2026
Emerald Holding, Inc. EEX169.7Mar 2026
QuinStreet, Inc. QNST10.5Mar 2026
Nexxen International Ltd. NEXN21.7Mar 2026
Advantage Solutions Inc. ADV9.7Mar 2026
National CineMedia, Inc. NCMI1.6Jun 2026
Townsquare Media, Inc. TSQ6.5Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Criteo S.A. · CRTO

0.3
0.2

DoubleVerify Holdings, Inc. · DV

3.0
3.3
2.9
2.1

Omnicom Group Inc. · OMC

1.9

The Trade Desk, Inc. · TTD

1.3
2.7
3.5

Ziff Davis, Inc. · ZD

0.6

P/E · reported quarter history

Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AppLovin Corporation · APP

1,047.3
428.8
133.2
40.7
41.2
35.4
39.6
71.5
47.8
49.7
87.2
69.1
34.2

Clear Channel Outdoor Holdings, Inc. · CCO

39.0
55.3

Criteo S.A. · CRTO

21.8
18.6
13.2
19.1
26.8
186.1
374.9
265.5
28.8
29.0
21.9
23.5
20.8
14.4
10.0
7.6
7.8
8.4

DoubleVerify Holdings, Inc. · DV

683.2
184.9
148.1
73.1
85.5
87.8
104.0
129.7
87.3
89.7
92.5
55.6
45.5
60.0
47.8
51.6
47.9
38.1
29.7

Emerald Holding, Inc. · EEX

56.3
7.7
13.3
29.3
131.0
97.0
169.7

Entravision Communications Corporation · EVC

13.4
20.6
22.1
15.2
14.7
22.9
28.8
48.8
365.0

Magnite, Inc. · MGNI

1,400.0
230.8
99.5
57.1
83.2
57.3
17.1
11.4

Omnicom Group Inc. · OMC

11.3
11.2
14.1
10.4
10.1
34.4
14.2
14.0
10.8
12.5
13.1
12.4
19.1
11.5
15.3
14.2
15.2

Stagwell Inc. · STGW

103.4
41.8
25.7
51.8
123.7
329.0
93.8
61.1
89.9

The Trade Desk, Inc. · TTD

121.2
327.3
329.8
598.4
407.6
406.1
297.0
252.1
199.9
218.6
195.3
179.8
150.7
66.7
86.7
56.3
42.2
25.8

WPP plc · WPP

21.4
21.3
18.6
15.2
12.8
13.3
17.5
16.9
24.8
73.9
52.3
38.9
22.5
16.6
14.0
14.7
51.0

Ziff Davis, Inc. · ZD

87.4
13.2
12.2
10.0
8.9
56.9
134.6
36.3
73.2
75.5
52.1
34.0
41.2
38.3
22.6
20.1
15.1
30.6
36.8
08 · compare level, then change

Enterprise Value & Book Value

Criteo S.A. has the lowest EV/EBITDA among the 20 Advertising Agencies companies compared here, at 2.43×. Nexxen International Ltd. is next at 3.42×. Advantage Solutions Inc. has the lowest P/BV at 0.58×, so level and change sit with different companies. 18 of 20 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Criteo S.A. leads ev/ebitda at 2.43×; Advantage Solutions Inc. leads p/bv at 0.58×.

LeaderCriteo S.A. · 2.43×
Gap28.9% versus #2 · Nexxen International Ltd.
Persistence0/8 recent comparable periods
Coverage18/20 companies · 294 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Criteo S.A. CRTO2.4
2Nexxen International Ltd. NEXN3.4
3Fluent, Inc. FLNT3.6
4Ziff Davis, Inc. ZD5.1
5Advantage Solutions Inc. ADV6.5
P/BVlowest P/BV
1Advantage Solutions Inc. ADV0.6
2Criteo S.A. CRTO0.8
3Nexxen International Ltd. NEXN0.8
4National CineMedia, Inc. NCMI0.8
5Ziff Davis, Inc. ZD0.9
Enterprise and book valuation · company comparison
18/20 level · 17/20 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Entravision Communications Corporation EVC211.04.2Mar 2026
Emerald Holding, Inc. EEX51.42.6Mar 2026
Omnicom Group Inc. OMC30.02.4Mar 2026
AppLovin Corporation APP27.556.6Mar 2026
Clear Channel Outdoor Holdings, Inc. CCO21.5-0.3Mar 2026
QuinStreet, Inc. QNST15.62.2Mar 2026
The Trade Desk, Inc. TTD13.44.4Mar 2026
National CineMedia, Inc. NCMI12.60.8Jun 2026
Magnite, Inc. MGNI12.21.9Mar 2026
Townsquare Media, Inc. TSQ10.8-2.5Mar 2026
Stagwell Inc. STGW9.82.2Mar 2026
WPP plc WPP9.61.4Dec 2025
DoubleVerify Holdings, Inc. DV9.51.4Mar 2026
Advantage Solutions Inc. ADV6.50.6Mar 2026
Ziff Davis, Inc. ZD5.10.9Mar 2026
Fluent, Inc. FLNT3.67.1Mar 2026
Nexxen International Ltd. NEXN3.40.8Mar 2026
Criteo S.A. CRTO2.40.8Mar 2026
QMMM Holdings Limited QMMM4.6Mar 2025
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AppLovin Corporation · APP

55.5
62.0
46.9
28.2
16.1
12.2
11.6
16.1
20.2
12.7
19.1
18.5
23.7
47.9
33.3
36.4
64.6
52.7
27.5

Clear Channel Outdoor Holdings, Inc. · CCO

35.5
19.5
32.0
21.6
12.2
11.9
21.8
25.3
13.4
13.6
22.7
21.4
13.1
13.3
21.1
20.7
13.4
14.0
21.5

Criteo S.A. · CRTO

7.4
8.1
4.8
4.5
7.2
7.2
12.8
17.2
14.4
8.2
9.8
8.6
9.3
8.2
6.3
4.2
3.1
2.6
2.4

DoubleVerify Holdings, Inc. · DV

178.8
91.0
102.6
46.4
54.2
36.9
45.5
58.1
39.9
48.0
48.2
26.4
20.6
23.4
16.3
17.3
13.7
12.5
9.5

Emerald Holding, Inc. · EEX

39.6
22.9
4.3
2.4
4.8
5.2
20.0
14.0
23.6
31.3
31.9
16.8
44.7
56.3
65.5
28.3
51.4

Entravision Communications Corporation · EVC

6.9
7.7
7.5
5.9
6.2
9.6
9.2
11.1
15.5
393.3
54.2
211.0

Magnite, Inc. · MGNI

128.4
44.0
32.1
16.4
13.3
18.5
19.2
26.8
17.0
18.4
20.8
22.4
20.8
21.7
14.5
27.0
23.0
15.8
12.2

Omnicom Group Inc. · OMC

6.0
7.3
9.3
7.6
7.4
6.5
10.1
10.2
8.3
8.7
9.8
9.5
8.4
8.1
6.4
7.8
8.7
41.8
30.0

Stagwell Inc. · STGW

28.5
24.5
15.9
12.5
9.2
9.0
11.3
13.1
13.5
11.3
10.9
11.2
11.2
9.6
9.7
9.8
10.1
8.4
9.8

The Trade Desk, Inc. · TTD

113.0
261.2
227.1
227.9
742.6
122.5
720.0
799.6
176.7
132.1
123.9
120.2
114.4
110.2
47.0
59.5
35.7
24.4
13.4

WPP plc · WPP

9.2
9.2
9.4
8.1
7.1
7.4
9.4
9.1
7.8
7.7
7.9
7.5
6.7
7.0
7.0
7.0
6.9
9.6

Ziff Davis, Inc. · ZD

14.7
12.8
11.5
8.7
8.5
9.3
9.3
8.6
8.7
9.0
8.5
7.8
7.6
8.3
4.6
3.8
5.1

P/BV · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AppLovin Corporation · APP

13.2
16.5
10.3
6.8
3.8
2.1
3.1
6.2
12.7
10.7
31.1
33.6
46.5
101.0
156.5
101.5
165.0
106.8
56.6

Clear Channel Outdoor Holdings, Inc. · CCO

-0.4
-0.5
-0.5
-0.2
-0.2
-0.2
-0.2
-0.2
-0.2
-0.3
-0.2
-0.2
-0.2
-0.2
-0.2
-0.2
-0.2
-0.3
-0.3

Criteo S.A. · CRTO

2.0
2.0
1.4
1.4
1.6
1.4
1.7
1.9
1.6
1.3
1.8
2.0
2.1
2.1
1.8
1.2
1.1
0.9
0.8

DoubleVerify Holdings, Inc. · DV

7.4
6.8
5.0
4.5
5.4
4.1
5.6
7.0
4.7
5.9
5.5
3.0
2.5
3.0
2.1
2.3
1.8
1.6
1.4

Entravision Communications Corporation · EVC

2.4
2.3
2.2
1.5
1.3
1.6
2.0
1.7
1.4
1.7
0.9
0.8
0.9
1.5
2.0
2.3
2.7
4.9
4.2

Magnite, Inc. · MGNI

4.2
2.6
2.1
1.4
1.1
1.8
1.8
2.9
1.6
1.8
2.2
2.6
2.7
2.9
2.2
4.5
3.9
2.5
1.9

Omnicom Group Inc. · OMC

4.7
4.7
5.9
4.6
4.7
5.1
6.1
6.0
4.6
4.7
5.4
4.8
5.1
4.0
3.7
3.1
3.5
2.1
2.4

QMMM Holdings Limited · QMMM

20.3
4.6

Stagwell Inc. · STGW

1.6
2.8
2.6
2.1
3.2
1.6
2.0
2.6
1.6
2.2
2.1
2.6
2.7
2.3
2.1
1.6
1.9
1.6
2.2

The Trade Desk, Inc. · TTD

25.9
29.0
20.4
11.5
15.3
10.4
15.3
18.3
17.8
16.3
19.7
20.0
20.6
19.8
9.9
13.1
9.1
7.3
4.4

WPP plc · WPP

3.3
3.6
2.9
2.4
2.2
2.4
2.9
2.4
2.3
2.4
2.3
2.2
2.4
2.5
2.0
1.7
1.6
1.4

Ziff Davis, Inc. · ZD

4.2
2.7
2.4
2.0
1.8
2.0
2.0
1.8
1.6
1.6
1.5
1.3
1.2
1.3
0.9
0.7
0.9
0.8
0.9
09 · let price answer last

Market action

QMMM Holdings Limited has the strongest one-year price move in Advertising Agencies at +1765.6%. It also leads on Mansfield relative strength against the S&P 500 at +1390.4%. 11 of 19 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Advertising Agencies comparison names 5 specific ways its own evidence can mislead, all listed below. 2 of the 20 companies report on an older date than the sector's freshest reporters, so their ranks are marked stale. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 2 companies have older fundamental reporting dates than the sector’s freshest reporters; their ranks carry a stale marker.
10 · the complete set

Which companies are included?

All 20 companies in the canonical Advertising Agencies membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. 1 of these is no longer being priced, so its price and relative strength are frozen at the last traded week shown.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentals
AppLovin Corporation APP$140.5B$4182026-07-28Mar 2026
Omnicom Group Inc. OMC$24.6B$86.22026-07-28Mar 2026
The Trade Desk, Inc. TTD$8.9B$18.92026-07-28Mar 2026
QMMM Holdings Limited QMMM$6.8B$1192025-09-26 · not currently pricedMar 2025
WPP plc WPPAHEAD$4.6B$21.32026-07-28Dec 2025
Magnite, Inc. MGNIAHEADLAGGING, FUNDAMENTALS UP$2.8B$19.72026-07-28Mar 2026
Stagwell Inc. STGWAHEAD19/26 WEEKS$2.0B$8.02026-07-28Mar 2026
Ziff Davis, Inc. ZDAHEAD20/26 WEEKS$2.0B$52.92026-07-28Mar 2026
DoubleVerify Holdings, Inc. DV$1.7B$11.32026-07-28Mar 2026
Clear Channel Outdoor Holdings, Inc. CCO$1.2B$2.42026-07-28Mar 2026
Criteo S.A. CRTO$1.1B$21.22026-07-28Mar 2026
Entravision Communications Corporation EVCAHEAD23/26 WEEKS$1.0B$10.92026-07-28Mar 2026
Emerald Holding, Inc. EEX$997M$5.02026-07-17Mar 2026
QuinStreet, Inc. QNSTAHEAD$916M$15.92026-07-28Mar 2026
Nexxen International Ltd. NEXNAHEAD22/26 WEEKS$583M$10.52026-07-28Mar 2026
Advantage Solutions Inc. ADV19/26 WEEKS$542M$40.82026-07-28Mar 2026
National CineMedia, Inc. NCMIAHEAD$371M$4.02026-07-28Jun 2026
Unitrend Entertainment Group Limited INHI$208M
Townsquare Media, Inc. TSQ$106M$5.92026-07-28Mar 2026
Fluent, Inc. FLNT$100M$3.42026-07-24Mar 2026
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 20 Advertising Agencies companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Questions investors ask · short, speakable answers

Advertising Agencies company comparison FAQs

These 18 answers restate the Advertising Agencies comparison above in question form. Every one is computed from the same 20 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.

Which Advertising Agencies company is the biggest?

AppLovin Corporation is the largest, with trailing-twelve-month revenue of $6,164 million, ahead of Advantage Solutions Inc. at $3,591 million. That covers 14 of 20 companies with comparable reporting through Mar 2026.

Which Advertising Agencies company is growing fastest?

AppLovin Corporation has the fastest revenue growth at 66.4% year on year, across 14 of 20 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Advertising Agencies company has the best profit margins?

AppLovin Corporation has the highest operating margin at 78.2%, from 18 of 20 comparable companies. Entravision Communications Corporation shows the biggest recent improvement, at +68 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Advertising Agencies company makes the most profit?

AppLovin Corporation earns the most, at $3,964 million of trailing-twelve-month net profit, from 16 of 20 comparable companies. AppLovin Corporation has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Advertising Agencies company earns the highest return on capital?

AppLovin Corporation leads on return on capital employed at 27.4%, across 20 of 20 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Advertising Agencies stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Criteo S.A. screens cheapest at 0.2×. Only 5 of 20 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Advertising Agencies company has the strongest balance sheet?

QMMM Holdings Limited carries the lowest comparable gross debt at $0 million, from 18 of 20 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Advertising Agencies company is investing most in new capacity?

The Trade Desk, Inc. reports the largest capital spending at $113 million, across 18 of 20 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

Is the Advertising Agencies sector beating the market?

Advertising Agencies has outperformed S&P 500 by 74.6% over the last 52 weeks and 17.4% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 11 of 19 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Advertising Agencies stock has the strongest price momentum?

QMMM Holdings Limited has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Advertising Agencies company scores highest for research priority?

Entravision Communications Corporation scores 61.9 out of 100 with 58.6% evidence confidence, from 26.2 points on growth and earnings, 10.7 on capital efficiency, 8.5 on valuation and 16.5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Advertising Agencies companies does this comparison cover, and over what period?

It compares 20 listed companies over up to 20 reported quarters of fundamentals and 7 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Advertising Agencies sector?

The 20 Advertising Agencies companies on this page carry $200,956 million of combined market value. AppLovin Corporation is the largest at $140,497 million, about 70% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

What is the Advertising Agencies sector's P/E ratio?

The median price-to-earnings ratio across the 20 Advertising Agencies companies on this page is 25.8×, measured on the 17 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

How is the Advertising Agencies sector performing?

11 of the 19 covered Advertising Agencies companies are beating S&P 500 on Mansfield relative strength. The sector itself is 74.6% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

How many Advertising Agencies stocks are listed in the US?

This comparison covers 20 listed Advertising Agencies companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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