Last 22 quarters of trend data · Technology · Information Technology Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -19.84 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 8.44 | 5.42 | 13.05 | 14.63 | 14.27 | 15.92 | 9.04 | 8.41 | 8.28 | 2.24 | 8.18 | 2.91 | 3.03 | 4.18 | 8.92 | 4.43 | 3.69 | 7.97 | 9.17 | — | — |
| — | -66.0% | +44.4% | +74.0% | +72.2% | +610.7% | +10.5% | +189.3% | +173.1% | -46.4% | -8.3% | -34.3% | -17.8% | -47.5% | -2.7% | — | — | — | — | — | — | |
| P/B Ratio | 1.33 | 1.95 | 3.61 | 2.89 | 3.67 | 3.92 | 2.17 | 3.57 | 4.87 | 2.25 | 3.87 | 4.25 | 3.29 | 4.75 | 11.29 | 3.49 | 2.53 | 2.87 | 3.48 | — | — |
| — | -50.2% | +66.7% | -19.3% | -24.6% | +74.1% | -43.9% | -16.0% | +48.0% | -52.6% | -65.8% | +21.7% | +30.0% | +65.4% | +224.2% | — | — | — | — | — | — | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 243.57 | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | — | — | — | — | — | — | — | 80.54 | 11.61 | 1.56 | — | 32.20 | 64.51 | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | +150.1% | -82.0% | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | — | — | — | — | — | — | 74.44 | 7.54 | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.8% | 15.3% | 15.7% | 42.5% | 20.6% | 13.4% | 20.4% | 7.1% | 18.0% | -0.6% | 59.5% | -8.6% | 30.8% | 32.8% | 32.2% | 25.2% | -1.4% | 7.7% | 0.7% | -103.4% | — |
| — | +14.1% | -23.4% | +494.8% | +14.2% | +2386.1% | -65.7% | +183.4% | -41.4% | -101.8% | +85.0% | -133.9% | +2268.8% | +326.5% | +4299.8% | +124.4% | — | — | — | — | — | |
| Operating Margin | -38.7% | -18.2% | -45.2% | -67.6% | -24.5% | -28.9% | -53.5% | -35.8% | -28.6% | -24.2% | 216.4% | -77.8% | -19.2% | -14.1% | -28.3% | -49.4% | -216.2% | -60.3% | -56.7% | -235.6% | — |
| — | +36.8% | +15.4% | -88.8% | +14.6% | -19.3% | -124.7% | +54.0% | -49.3% | -71.5% | +863.6% | -57.6% | +91.1% | +76.6% | +50.0% | +79.0% | — | — | — | — | — | |
| Net Margin | -39.9% | -68.9% | -42.5% | -78.4% | -13.8% | -26.4% | -138.2% | -67.2% | -217.2% | -7.0% | -437.1% | -145.0% | -24.9% | -31.5% | -29.4% | -49.9% | -215.7% | -65.4% | -37.3% | -628.2% | — |
| — | -161.4% | +69.2% | -16.7% | +93.6% | -276.7% | +68.4% | +53.7% | -770.6% | +77.8% | -1388.2% | -190.7% | +88.4% | +51.8% | +21.3% | +92.1% | — | — | — | — | — |
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -11.1% | -6.3% | -3.5% | -4.4% | -1.2% | -2.0% | -9.3% | -7.6% | -41.0% | -2.3% | -53.0% | -45.8% | -7.4% | -11.6% | -9.2% | -9.8% | -35.8% | -5.8% | -7.9% | — | — |
| — | -209.8% | +62.4% | +42.6% | +97.2% | +12.9% | +82.5% | +83.4% | -452.4% | +80.0% | -477.3% | -367.8% | +79.2% | -99.8% | -15.4% | — | — | — | — | — | — | |
| ROA | -4.1% | -2.2% | -1.4% | -1.7% | -0.5% | -0.8% | -2.9% | -2.2% | -11.2% | -0.5% | -9.2% | -11.2% | -2.5% | -3.7% | -2.7% | -3.7% | -17.0% | -3.4% | -3.1% | -11.0% | -0.3% |
| — | -174.6% | +53.7% | +20.9% | +95.9% | -58.8% | +68.0% | +80.4% | -340.7% | +86.6% | -233.9% | -198.5% | +85.1% | -9.7% | +10.3% | +66.0% | -5062.0% | +92.1% | -33.5% | — | — | |
| ROIC | -4.2% | -0.6% | -1.6% | -2.0% | -1.1% | -0.9% | -1.1% | -1.2% | -1.8% | -2.5% | 7.2% | -6.9% | -2.2% | -2.1% | -4.3% | -5.8% | -25.1% | -5.3% | -18.5% | — | — |
| — | +31.6% | -43.4% | -69.3% | +39.1% | +63.1% | -115.6% | +82.5% | +19.4% | -18.6% | +266.8% | -17.6% | +91.3% | +59.2% | +76.7% | — | — | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.36 | 1.71 | 1.36 | 1.10 | 1.33 | 0.67 | 1.11 | 2.00 | 1.84 | 1.76 | 1.09 | 2.48 | 1.18 | 0.81 | 1.32 | 0.51 | 0.46 | 0.28 | 0.17 | — | — |
| — | +154.4% | +23.1% | -44.8% | -27.9% | -61.9% | +2.0% | -19.6% | +56.0% | +116.7% | -17.5% | +387.2% | +158.8% | +188.1% | +670.8% | — | — | — | — | — | — | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | 97.93 | 21.70 | 1.38 | — | 34.44 | 38.04 | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | +184.4% | -43.0% | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 4.01 | 2.56 | 4.01 | 2.38 | 4.82 | 0.65 | 0.77 | 0.70 | 0.77 | 0.22 | 0.73 | 0.30 | 0.18 | 0.22 | 0.40 | 0.22 | 0.30 | 0.87 | 1.39 | 0.82 | 2.40 |
| — | +293.5% | +419.8% | +241.9% | +523.3% | +199.4% | +5.8% | +130.2% | +329.7% | -1.7% | +84.0% | +34.8% | -39.1% | -74.6% | -71.5% | -72.5% | -87.7% | -85.3% | -70.4% | — | — | |
| Quick Ratio | 4.01 | 2.56 | 4.01 | 2.38 | 4.82 | 0.65 | 0.77 | 0.70 | 0.77 | 0.22 | 0.73 | 0.30 | 0.18 | 0.05 | 0.40 | 0.22 | 0.30 | 0.72 | 1.39 | 0.82 | 2.40 |
| — | +293.5% | +419.8% | +241.9% | +523.3% | +199.4% | +5.8% | +130.2% | +329.7% | +298.6% | +84.0% | +34.8% | -39.1% | -92.4% | -71.5% | -72.5% | -87.7% | -87.9% | -70.4% | — | — | |
| Interest Coverage | -5.15 | -1.15 | -11.01 | -29.56 | -1.31 | -5.65 | -1.16 | -2.98 | -17.54 | 0.42 | 2.16 | -12.17 | -3.47 | -4.72 | -7.30 | -18.12 | -69.29 | -12.00 | -38.08 | — | — |
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Includes 30+ ratios · 22 years · Updated daily
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Quick answers to the most common questions about buying APLD stock.
Applied Digital Corp.'s current P/E is -19.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Applied Digital Corp.'s current operating margin is -38.7%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Applied Digital Corp.'s business trajectory between earnings reports.