Applied Digital Corporation (APLD) vs Cipher Digital Inc. (CIFR)

Applied Digital Corporation and Cipher Digital Inc. are both Information Technology Services companies. Applied Digital Corporation and Cipher Digital Inc. are of similar size ($8.0B and $7.6B). Applied Digital Corporation grew revenue faster over the last twelve months: 167.5% against 20.3%. Applied Digital Corporation has the higher net margin (−40.9% vs −585.8%) and the higher return on invested capital (−5.40% vs −15.9%). Across the 17 metrics below, Applied Digital Corporation leads on 15 and Cipher Digital Inc. on 2.

Valuation

Metric APLD CIFR Information Technology Services median
P/E n/m n/m 14.63
P/S 11.82 37.98 1.13
P/B 4.19 12.91 2.10
Price to free cash flow n/m n/m 10.11
EV/EBITDA n/m n/m 8.56
EV/Sales 13.48 45.95 1.20
Earnings yield (3.39%) (16.13%) 4.56%
Free cash flow yield (38.43%) (19.89%) 4.37%

Profitability

Metric APLD CIFR Information Technology Services median
Gross margin 25.79% 56.18% 31.05%
Operating margin (38.68%) (278.05%) 3.30%
Net margin (40.94%) (585.75%) 2.09%
Free cash flow margin (454.12%) (754.87%) 0.00%
Return on equity (22.52%) (170.77%) 4.12%
Return on assets (4.24%) (26.27%) 0.61%
Return on invested capital (5.40%) (15.94%) 0.57%

Growth

Metric APLD CIFR Information Technology Services median
Revenue growth (TTM) 167.45% 20.30% 7.12%
EPS growth (last fiscal year) 21.55% (1,435.71%) —
Revenue growth, 5-year CAGR — — 7.71%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric APLD CIFR Information Technology Services median
Debt to equity 2.89 9.86 0.45
Current ratio 4.01 3.00 1.66
Net debt to EBITDA (6.23) (1.79) 0.44

Dividend

Metric APLD CIFR Information Technology Services median
Dividend yield — — 1.21%
Payout ratio 0.00 0.00 0.00

Size

Metric APLD CIFR Information Technology Services median
Market cap 8.03b 7.64b 1.36b

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