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Stock Comparison

APLD vs HUT

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
APLD
Applied Digital Corporation

Information Technology Services

TechnologyNASDAQ • US
Market Cap$11.89B
5Y Perf.+1136.0%
HUT
Hut 8 Corp.

Financial - Capital Markets

Financial ServicesNASDAQ • US
Market Cap$11.22B
5Y Perf.+468.4%

APLD vs HUT — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
APLD logoAPLD
HUT logoHUT
IndustryInformation Technology ServicesFinancial - Capital Markets
Market Cap$11.89B$11.22B
Revenue (TTM)$282M$15M
Net Income (TTM)$-123M$-312M
Gross Margin16.4%-6.1%
Operating Margin-31.5%-21.0%
Total Debt$703M$429M
Cash & Equiv.$114M$45M

APLD vs HUTLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

APLD
HUT
StockApr 22May 26Return
Applied Digital Cor… (APLD)1001236.0+1136.0%
Hut 8 Corp. (HUT)100568.4+468.4%

Price return only. Dividends and distributions are not included.

Quick Verdict: APLD vs HUT

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: APLD leads in 5 of 6 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Hut 8 Corp. is the stronger pick specifically for recent price momentum and sentiment. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
APLD
Applied Digital Corporation
The Income Pick

APLD carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • Dividend streak 1 yrs, beta 3.23, yield 0.0%
  • Rev growth 57.7%, EPS growth 11.5%, 3Y rev CAGR 193.2%
  • 7.6% 10Y total return vs HUT's 462.4%
Best for: income & stability and growth exposure
HUT
Hut 8 Corp.
The Banking Pick

HUT is the clearest fit if your priority is momentum.

  • +7.0% vs APLD's +6.9%
Best for: momentum
See the full category breakdown
CategoryWinnerWhy
GrowthAPLD logoAPLD57.7% revenue growth vs HUT's -90.7%
Quality / MarginsAPLD logoAPLD-43.5% margin vs HUT's -15.0%
Stability / SafetyAPLD logoAPLDBeta 3.23 vs HUT's 4.51
DividendsAPLD logoAPLD0.0% yield; 1-year raise streak; the other pay no meaningful dividend
Momentum (1Y)HUT logoHUT+7.0% vs APLD's +6.9%
Efficiency (ROA)APLD logoAPLD-2.3% ROA vs HUT's -11.2%, ROIC -7.3% vs -13.8%

APLD vs HUT — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

APLDApplied Digital Corporation
FY 2022
Mining Segment
100.0%$51,000
HUTHut 8 Corp.
FY 2025
High Performance Computing, Colocation And Cloud
86.1%$202M
Power
9.9%$23M
Digital Infrastructure
4.1%$10M

APLD vs HUT — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLAPLDLAGGINGHUT

Income & Cash Flow (Last 12 Months)

APLD leads this category, winning 5 of 5 comparable metrics.

APLD is the larger business by revenue, generating $282M annually — 18.7x HUT's $15M. Profitability is closely matched — net margins range from -43.5% (APLD) to -15.0% (HUT).

MetricAPLD logoAPLDApplied Digital C…HUT logoHUTHut 8 Corp.
RevenueTrailing 12 months$282M$15M
EBITDAEarnings before interest/tax-$53M-$389M
Net IncomeAfter-tax profit-$123M-$312M
Free Cash FlowCash after capex-$1.3B-$892M
Gross MarginGross profit ÷ Revenue+16.4%-6.1%
Operating MarginEBIT ÷ Revenue-31.5%-21.0%
Net MarginNet income ÷ Revenue-43.5%-15.0%
FCF MarginFCF ÷ Revenue-4.8%-22.7%
Rev. Growth (YoY)Latest quarter vs prior year+98.2%
EPS Growth (YoY)Latest quarter vs prior year+89.4%-52.3%
APLD leads this category, winning 5 of 5 comparable metrics.

Valuation Metrics

HUT leads this category, winning 2 of 3 comparable metrics.
MetricAPLD logoAPLDApplied Digital C…HUT logoHUTHut 8 Corp.
Market CapShares × price$11.9B$11.2B
Enterprise ValueMkt cap + debt − cash$12.5B$11.6B
Trailing P/EPrice ÷ TTM EPS-35.80x-47.28x
Forward P/EPrice ÷ next-FY EPS est.
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple1099.67x
Price / SalesMarket cap ÷ Revenue55.16x743.95x
Price / BookPrice ÷ Book value/share13.18x6.31x
Price / FCFMarket cap ÷ FCF
HUT leads this category, winning 2 of 3 comparable metrics.

Profitability & Efficiency

APLD leads this category, winning 6 of 9 comparable metrics.

APLD delivers a -6.2% return on equity — every $100 of shareholder capital generates $-6 in annual profit, vs $-18 for HUT. HUT carries lower financial leverage with a 0.25x debt-to-equity ratio, signaling a more conservative balance sheet compared to APLD's 1.11x. On the Piotroski fundamental quality scale (0–9), APLD scores 3/9 vs HUT's 2/9, reflecting mixed financial health.

MetricAPLD logoAPLDApplied Digital C…HUT logoHUTHut 8 Corp.
ROE (TTM)Return on equity-6.2%-17.7%
ROA (TTM)Return on assets-2.3%-11.2%
ROICReturn on invested capital-7.3%-13.8%
ROCEReturn on capital employed-9.5%-17.0%
Piotroski ScoreFundamental quality 0–932
Debt / EquityFinancial leverage1.11x0.25x
Net DebtTotal debt minus cash$589M$384M
Cash & Equiv.Liquid assets$114M$45M
Total DebtShort + long-term debt$703M$429M
Interest CoverageEBIT ÷ Interest expense-2.01x-9.18x
APLD leads this category, winning 6 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

APLD leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in APLD five years ago would be worth $85,629 today (with dividends reinvested), compared to $39,601 for HUT. Over the past 12 months, HUT leads with a +699.2% total return vs APLD's +691.0%. The 3-year compound annual growth rate (CAGR) favors APLD at 130.5% vs HUT's 124.4% — a key indicator of consistent wealth creation.

MetricAPLD logoAPLDApplied Digital C…HUT logoHUTHut 8 Corp.
YTD ReturnYear-to-date+47.7%+97.3%
1-Year ReturnPast 12 months+691.0%+699.2%
3-Year ReturnCumulative with dividends+1125.1%+1030.5%
5-Year ReturnCumulative with dividends+756.3%+296.0%
10-Year ReturnCumulative with dividends+756.3%+462.4%
CAGR (3Y)Annualised 3-year return+130.5%+124.4%
APLD leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

APLD leads this category, winning 2 of 2 comparable metrics.

APLD is the less volatile stock with a 3.23 beta — it tends to amplify market swings less than HUT's 4.51 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. APLD currently trades 93.9% from its 52-week high vs HUT's 90.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricAPLD logoAPLDApplied Digital C…HUT logoHUTHut 8 Corp.
Beta (5Y)Sensitivity to S&P 5003.23x4.51x
52-Week HighHighest price in past year$44.22$111.33
52-Week LowLowest price in past year$5.09$12.45
% of 52W HighCurrent price vs 52-week peak+93.9%+90.9%
RSI (14)Momentum oscillator 0–10074.482.5
Avg Volume (50D)Average daily shares traded20.3M4.6M
APLD leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates APLD as "Buy" and HUT as "Buy". Consensus price targets imply 46.9% upside for APLD (target: $61) vs -22.4% for HUT (target: $79).

MetricAPLD logoAPLDApplied Digital C…HUT logoHUTHut 8 Corp.
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$61.00$78.50
# AnalystsCovering analysts1315
Dividend YieldAnnual dividend ÷ price+0.0%
Dividend StreakConsecutive years of raises1
Dividend / ShareAnnual DPS$0.01
Buyback YieldShare repurchases ÷ mkt cap+0.3%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

APLD leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). HUT leads in 1 (Valuation Metrics).

Best OverallApplied Digital Corporation (APLD)Leads 4 of 6 categories
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APLD vs HUT: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is APLD or HUT a better buy right now?

For growth investors, Applied Digital Corporation (APLD) is the stronger pick with 57.

7% revenue growth year-over-year, versus -90. 7% for Hut 8 Corp. (HUT). Analysts rate Applied Digital Corporation (APLD) a "Buy" — based on 13 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which is the better long-term investment — APLD or HUT?

Over the past 5 years, Applied Digital Corporation (APLD) delivered a total return of +756.

3%, compared to +296. 0% for Hut 8 Corp. (HUT). Over 10 years, the gap is even starker: APLD returned +756. 3% versus HUT's +462. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — APLD or HUT?

By beta (market sensitivity over 5 years), Applied Digital Corporation (APLD) is the lower-risk stock at 3.

23β versus Hut 8 Corp. 's 4. 51β — meaning HUT is approximately 40% more volatile than APLD relative to the S&P 500. On balance sheet safety, Hut 8 Corp. (HUT) carries a lower debt/equity ratio of 25% versus 111% for Applied Digital Corporation — giving it more financial flexibility in a downturn.

04

Which is growing faster — APLD or HUT?

By revenue growth (latest reported year), Applied Digital Corporation (APLD) is pulling ahead at 57.

7% versus -90. 7% for Hut 8 Corp. (HUT). On earnings-per-share growth, the picture is similar: Applied Digital Corporation grew EPS 11. 5% year-over-year, compared to -162. 9% for Hut 8 Corp.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

05

Which has better profit margins — APLD or HUT?

Applied Digital Corporation (APLD) is the more profitable company, earning -107.

2% net margin versus -1499. 6% for Hut 8 Corp. — meaning it keeps -107. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: APLD leads at -33. 5% versus -21. 0% for HUT. At the gross margin level — before operating expenses — APLD leads at 10. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

06

Which pays a better dividend — APLD or HUT?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

07

Is APLD or HUT better for a retirement portfolio?

For long-horizon retirement investors, Applied Digital Corporation (APLD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+756.

3% 10Y return). Hut 8 Corp. (HUT) carries a higher beta of 4. 51 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (APLD: +756. 3%, HUT: +462. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

08

What are the main differences between APLD and HUT?

These companies operate in different sectors (APLD (Technology) and HUT (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: APLD is a mid-cap high-growth stock; HUT is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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APLD

High-Growth Disruptor

  • Sector: Technology
  • Market Cap > $100B
  • Revenue Growth > 49%
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HUT

Quality Business

  • Sector: Financial Services
  • Market Cap > $100B
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Revenue Growth>
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(APLD: 98.2% · HUT: -90.7%)

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