vs

Side-by-side financial comparison of ARRAY DIGITAL INFRASTRUCTURE, INC. (AD) and TELUS CORP (TU). Click either name above to swap in a different company.

ARRAY DIGITAL INFRASTRUCTURE, INC. runs the higher net margin — -2.3% vs -4.8%, a 2.6% gap on every dollar of revenue. On growth, TELUS CORP posted the faster year-over-year revenue change (2.2% vs -279.1%).

Array Digital Infrastructure, Inc. is a digital infrastructure provider that owns, operates and develops strategically located data center facilities. It primarily serves cloud providers, enterprise customers, and telecommunications firms, with main operations across North American markets.

Telus Corporation is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications offers telephony, television, data and Internet services; Telus Mobility offers wireless services; Telus Health operates companies that provide health products and services; and Telus Digital operates worldwide, providing multilingual customer service outsourcing and digital IT services. Telus ...

AD vs TU — Head-to-Head

Bigger by revenue
TU
TU
-2.2× larger
TU
$3.7B
$-1.7B
AD
Growing faster (revenue YoY)
TU
TU
+281.3% gap
TU
2.2%
-279.1%
AD
Higher net margin
AD
AD
2.6% more per $
AD
-2.3%
-4.8%
TU

Income Statement — Q4 2025 vs Q2 2025

Metric
AD
AD
TU
TU
Revenue
$-1.7B
$3.7B
Net Profit
$38.2M
$-178.8M
Gross Margin
90.2%
Operating Margin
3.4%
Net Margin
-2.3%
-4.8%
Revenue YoY
-279.1%
2.2%
Net Profit YoY
664.4%
-210.9%
EPS (diluted)
$0.43

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AD
AD
TU
TU
Q4 25
$-1.7B
Q3 25
$47.1M
Q2 25
$3.7B
Q4 24
$944.0M
Q3 24
$896.0M
Q2 24
$902.0M
$3.6B
Q1 24
$925.0M
Q4 23
$974.0M
Net Profit
AD
AD
TU
TU
Q4 25
$38.2M
Q3 25
$-38.5M
Q2 25
$-178.8M
Q4 24
$5.0M
Q3 24
$-79.0M
Q2 24
$17.0M
$161.3M
Q1 24
$18.0M
Q4 23
$15.9M
Gross Margin
AD
AD
TU
TU
Q4 25
Q3 25
55.5%
Q2 25
90.2%
Q4 24
Q3 24
98.0%
Q2 24
87.9%
Q1 24
Q4 23
Operating Margin
AD
AD
TU
TU
Q4 25
Q3 25
-113.1%
Q2 25
3.4%
Q4 24
-1.0%
Q3 24
-10.0%
Q2 24
4.0%
13.7%
Q1 24
5.5%
Q4 23
-23.5%
Net Margin
AD
AD
TU
TU
Q4 25
-2.3%
Q3 25
-81.6%
Q2 25
-4.8%
Q4 24
0.5%
Q3 24
-8.8%
Q2 24
1.9%
4.4%
Q1 24
1.9%
Q4 23
1.6%
EPS (diluted)
AD
AD
TU
TU
Q4 25
$0.43
Q3 25
$-0.44
Q2 25
Q4 24
$0.06
Q3 24
$-0.92
Q2 24
$0.20
Q1 24
$0.20
Q4 23
$0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AD
AD
TU
TU
Cash + ST InvestmentsLiquidity on hand
$113.4M
$2.7B
Total DebtLower is stronger
$670.3M
Stockholders' EquityBook value
$2.6B
$11.8B
Total Assets
$4.7B
$44.3B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AD
AD
TU
TU
Q4 25
$113.4M
Q3 25
$325.6M
Q2 25
$2.7B
Q4 24
$144.0M
Q3 24
$272.0M
Q2 24
$195.0M
$676.7M
Q1 24
$185.0M
Q4 23
$150.0M
Total Debt
AD
AD
TU
TU
Q4 25
$670.3M
Q3 25
$671.9M
Q2 25
Q4 24
$2.8B
Q3 24
$2.9B
Q2 24
$2.9B
Q1 24
$3.0B
Q4 23
$3.0B
Stockholders' Equity
AD
AD
TU
TU
Q4 25
$2.6B
Q3 25
$2.5B
Q2 25
$11.8B
Q4 24
$4.6B
Q3 24
$4.6B
Q2 24
$4.7B
$12.4B
Q1 24
$4.7B
Q4 23
$4.6B
Total Assets
AD
AD
TU
TU
Q4 25
$4.7B
Q3 25
$4.9B
Q2 25
$44.3B
Q4 24
$10.4B
Q3 24
$10.5B
Q2 24
$10.6B
$41.8B
Q1 24
$10.7B
Q4 23
$10.8B
Debt / Equity
AD
AD
TU
TU
Q4 25
0.26×
Q3 25
0.27×
Q2 25
Q4 24
0.62×
Q3 24
0.63×
Q2 24
0.62×
Q1 24
0.65×
Q4 23
0.66×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AD
AD
TU
TU
Operating Cash FlowLast quarter
$-202.1M
$851.2M
Free Cash FlowOCF − Capex
$-210.7M
FCF MarginFCF / Revenue
12.5%
Capex IntensityCapex / Revenue
-0.5%
Cash ConversionOCF / Net Profit
-5.29×
TTM Free Cash FlowTrailing 4 quarters
$-321.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AD
AD
TU
TU
Q4 25
$-202.1M
Q3 25
$-82.1M
Q2 25
$851.2M
Q4 24
$122.0M
Q3 24
$245.0M
Q2 24
$313.0M
$1.0B
Q1 24
$203.0M
Q4 23
$147.9M
Free Cash Flow
AD
AD
TU
TU
Q4 25
$-210.7M
Q3 25
$-210.5M
Q2 25
Q4 24
$-16.0M
Q3 24
$116.0M
Q2 24
$176.0M
Q1 24
$70.0M
Q4 23
$-265.5M
FCF Margin
AD
AD
TU
TU
Q4 25
12.5%
Q3 25
-446.8%
Q2 25
Q4 24
-1.7%
Q3 24
12.9%
Q2 24
19.5%
Q1 24
7.6%
Q4 23
-27.3%
Capex Intensity
AD
AD
TU
TU
Q4 25
-0.5%
Q3 25
272.5%
Q2 25
Q4 24
14.6%
Q3 24
14.4%
Q2 24
15.2%
Q1 24
14.4%
Q4 23
42.4%
Cash Conversion
AD
AD
TU
TU
Q4 25
-5.29×
Q3 25
Q2 25
Q4 24
24.40×
Q3 24
Q2 24
18.41×
6.28×
Q1 24
11.28×
Q4 23
9.29×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons