vs
Side-by-side financial comparison of Applied Digital Corp. (APLD) and CAMDEN NATIONAL CORP (CAC). Click either name above to swap in a different company.
Applied Digital Corp. is the larger business by last-quarter revenue ($126.6M vs $64.3M, roughly 2.0× CAMDEN NATIONAL CORP). CAMDEN NATIONAL CORP runs the higher net margin — 34.0% vs -11.4%, a 45.4% gap on every dollar of revenue. Over the past eight quarters, Applied Digital Corp.'s revenue compounded faster (70.9% CAGR vs 22.6%).
BAE Systems Digital Intelligence is an international defence and security technology firm owned by BAE Systems. They specialize in delivering digital solutions that enable rapid, data-driven decision-making. Their services, solutions and products span customers in Law Enforcement, National Security, Government Departments and Government Enterprises, Critical National Infrastructure, Telecommunications, the Military, and Space.
Camden National Bank is a commercial bank headquartered in Camden, Maine, operating as the principal subsidiary of Camden National Corporation, a publicly traded bank holding company. Founded in 1875, the bank became a direct, wholly owned subsidiary of the holding company following a corporate reorganization in 1984. Following the 2025 merger with Northway Financial, the combined institution has approximately $7.0 billion in assets.
APLD vs CAC — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $126.6M | $64.3M |
| Net Profit | $-14.4M | $21.9M |
| Gross Margin | 20.6% | — |
| Operating Margin | -24.5% | — |
| Net Margin | -11.4% | 34.0% |
| Revenue YoY | 98.2% | — |
| Net Profit YoY | 89.6% | — |
| EPS (diluted) | $-0.07 | $1.29 |
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.
| Q1 26 | — | $64.3M | ||
| Q4 25 | $126.6M | $68.1M | ||
| Q3 25 | $64.2M | $65.4M | ||
| Q2 25 | $-33.3M | $62.3M | ||
| Q1 25 | $52.9M | $60.1M | ||
| Q4 24 | $63.9M | $47.6M | ||
| Q3 24 | $60.7M | $45.0M | ||
| Q2 24 | $43.7M | $42.8M |
| Q1 26 | — | $21.9M | ||
| Q4 25 | $-14.4M | $22.6M | ||
| Q3 25 | $-16.9M | $21.2M | ||
| Q2 25 | $-52.5M | $14.1M | ||
| Q1 25 | $-35.6M | $7.3M | ||
| Q4 24 | $-138.7M | $14.7M | ||
| Q3 24 | $-4.2M | $13.1M | ||
| Q2 24 | $-64.5M | $12.0M |
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | — | ||
| Q3 25 | 13.4% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 7.1% | — | ||
| Q4 24 | 18.0% | — | ||
| Q3 24 | -0.6% | — | ||
| Q2 24 | -9.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | -24.5% | 41.5% | ||
| Q3 25 | -34.7% | 40.5% | ||
| Q2 25 | — | 28.5% | ||
| Q1 25 | -35.8% | 10.3% | ||
| Q4 24 | -29.1% | 38.7% | ||
| Q3 24 | 15.6% | 35.2% | ||
| Q2 24 | -68.4% | 34.7% |
| Q1 26 | — | 34.0% | ||
| Q4 25 | -11.4% | 33.1% | ||
| Q3 25 | -26.4% | 32.4% | ||
| Q2 25 | 157.8% | 22.6% | ||
| Q1 25 | -67.2% | 12.2% | ||
| Q4 24 | -217.2% | 30.8% | ||
| Q3 24 | -7.0% | 29.1% | ||
| Q2 24 | -147.5% | 28.0% |
| Q1 26 | — | $1.29 | ||
| Q4 25 | $-0.07 | $1.33 | ||
| Q3 25 | $-0.07 | $1.25 | ||
| Q2 25 | $-0.31 | $0.83 | ||
| Q1 25 | $-0.16 | $0.43 | ||
| Q4 24 | $-0.66 | $1.00 | ||
| Q3 24 | $-0.03 | $0.90 | ||
| Q2 24 | $-0.57 | $0.81 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9B | — |
| Total DebtLower is stronger | — | $514.4M |
| Stockholders' EquityBook value | $1.4B | $710.0M |
| Total Assets | $5.2B | $7.0B |
| Debt / EquityLower = less leverage | — | 0.72× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $73.9M | — | ||
| Q2 25 | $41.6M | — | ||
| Q1 25 | $68.7M | — | ||
| Q4 24 | $286.2M | — | ||
| Q3 24 | $58.2M | — | ||
| Q2 24 | $3.3M | — |
| Q1 26 | — | $514.4M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $710.0M | ||
| Q4 25 | $1.4B | $696.6M | ||
| Q3 25 | $1.0B | $676.4M | ||
| Q2 25 | $497.7M | $652.1M | ||
| Q1 25 | $454.6M | $640.1M | ||
| Q4 24 | $434.6M | $531.2M | ||
| Q3 24 | $241.8M | $529.9M | ||
| Q2 24 | $124.8M | $508.3M |
| Q1 26 | — | $7.0B | ||
| Q4 25 | $5.2B | $7.0B | ||
| Q3 25 | $2.4B | $7.0B | ||
| Q2 25 | $1.9B | $6.9B | ||
| Q1 25 | $1.7B | $7.0B | ||
| Q4 24 | $1.5B | $5.8B | ||
| Q3 24 | $937.7M | $5.7B | ||
| Q2 24 | $762.9M | $5.7B |
| Q1 26 | — | 0.72× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-15.8M | — |
| Free Cash FlowOCF − Capex | $-567.9M | — |
| FCF MarginFCF / Revenue | -448.6% | — |
| Capex IntensityCapex / Revenue | 436.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.3B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-15.8M | $63.9M | ||
| Q3 25 | $-82.0M | $36.1M | ||
| Q2 25 | $6.9M | $6.0M | ||
| Q1 25 | $5.9M | $1.0M | ||
| Q4 24 | $-52.3M | $60.9M | ||
| Q3 24 | $-75.9M | $-14.5M | ||
| Q2 24 | $-34.1M | $14.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-567.9M | $58.2M | ||
| Q3 25 | $-331.4M | $35.4M | ||
| Q2 25 | $-191.4M | $4.5M | ||
| Q1 25 | $-251.6M | $-727.0K | ||
| Q4 24 | $-223.3M | $55.4M | ||
| Q3 24 | $-130.7M | $-16.2M | ||
| Q2 24 | $-88.9M | $13.2M |
| Q1 26 | — | — | ||
| Q4 25 | -448.6% | 85.5% | ||
| Q3 25 | -516.1% | 54.1% | ||
| Q2 25 | 574.8% | 7.3% | ||
| Q1 25 | -475.4% | -1.2% | ||
| Q4 24 | -349.6% | 116.4% | ||
| Q3 24 | -215.3% | -36.0% | ||
| Q2 24 | -203.5% | 30.8% |
| Q1 26 | — | — | ||
| Q4 25 | 436.1% | 8.4% | ||
| Q3 25 | 388.4% | 1.1% | ||
| Q2 25 | -595.4% | 2.4% | ||
| Q1 25 | 486.6% | 2.9% | ||
| Q4 24 | 267.8% | 11.7% | ||
| Q3 24 | 90.3% | 3.8% | ||
| Q2 24 | 125.4% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.83× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 4.15× | ||
| Q3 24 | — | -1.11× | ||
| Q2 24 | — | 1.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APLD
| HPC Hosting Business | $85.0M | 67% |
| Data Center Hosting Business | $41.6M | 33% |
CAC
| Net Interest Income | $52.4M | 81% |
| Noninterest Income | $12.0M | 19% |
