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Side-by-side financial comparison of Applied Digital Corp. (APLD) and CATHAY GENERAL BANCORP (CATY). Click either name above to swap in a different company.
CATHAY GENERAL BANCORP is the larger business by last-quarter revenue ($222.8M vs $126.6M, roughly 1.8× Applied Digital Corp.). CATHAY GENERAL BANCORP runs the higher net margin — 653.4% vs -11.4%, a 664.8% gap on every dollar of revenue. On growth, Applied Digital Corp. posted the faster year-over-year revenue change (98.2% vs 19.5%). CATHAY GENERAL BANCORP produced more free cash flow last quarter ($363.7M vs $-567.9M). Over the past eight quarters, Applied Digital Corp.'s revenue compounded faster (70.9% CAGR vs 12.8%).
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.
Cathay General Bancorp is a U.S.-headquartered bank holding company that operates Cathay Bank, offering full-spectrum commercial and personal banking services. It primarily serves Asian American communities and small-to-medium enterprises across major U.S. states including California, New York and Texas, as well as select Asian markets, with products covering deposits, loans, and wealth management solutions.
APLD vs CATY — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $126.6M | $222.8M |
| Net Profit | $-14.4M | $90.5M |
| Gross Margin | 20.6% | — |
| Operating Margin | -24.5% | 50.9% |
| Net Margin | -11.4% | 653.4% |
| Revenue YoY | 98.2% | 19.5% |
| Net Profit YoY | 89.6% | 12.9% |
| EPS (diluted) | $-0.07 | $1.33 |
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.
| Q4 25 | $126.6M | $222.8M | ||
| Q3 25 | $64.2M | $210.6M | ||
| Q2 25 | $-33.3M | $196.6M | ||
| Q1 25 | $52.9M | $187.8M | ||
| Q4 24 | $63.9M | $186.5M | ||
| Q3 24 | $60.7M | $189.5M | ||
| Q2 24 | $43.7M | $178.5M | ||
| Q1 24 | $43.3M | $175.2M |
| Q4 25 | $-14.4M | $90.5M | ||
| Q3 25 | $-16.9M | $77.7M | ||
| Q2 25 | $-52.5M | $77.5M | ||
| Q1 25 | $-35.6M | $69.5M | ||
| Q4 24 | $-138.7M | $80.2M | ||
| Q3 24 | $-4.2M | $67.5M | ||
| Q2 24 | $-64.5M | $66.8M | ||
| Q1 24 | $-62.8M | $71.4M |
| 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 24 | -8.6% | — |
| Q4 25 | -24.5% | 50.9% | ||
| Q3 25 | -34.7% | 44.5% | ||
| Q2 25 | — | 49.0% | ||
| Q1 25 | -35.8% | 46.1% | ||
| Q4 24 | -29.1% | 46.5% | ||
| Q3 24 | 15.6% | 41.2% | ||
| Q2 24 | -68.4% | 40.7% | ||
| Q1 24 | -128.8% | 45.7% |
| Q4 25 | -11.4% | 653.4% | ||
| Q3 25 | -26.4% | 36.9% | ||
| Q2 25 | 157.8% | 39.4% | ||
| Q1 25 | -67.2% | 37.0% | ||
| Q4 24 | -217.2% | 587.9% | ||
| Q3 24 | -7.0% | 35.6% | ||
| Q2 24 | -147.5% | 37.4% | ||
| Q1 24 | -145.0% | 40.8% |
| Q4 25 | $-0.07 | $1.33 | ||
| Q3 25 | $-0.07 | $1.13 | ||
| Q2 25 | $-0.31 | $1.10 | ||
| Q1 25 | $-0.16 | $0.98 | ||
| Q4 24 | $-0.66 | $1.11 | ||
| Q3 24 | $-0.03 | $0.94 | ||
| Q2 24 | $-0.57 | $0.92 | ||
| Q1 24 | $-0.52 | $0.98 |
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 | — | $119.1M |
| Stockholders' EquityBook value | $1.4B | $2.9B |
| Total Assets | $5.2B | $24.2B |
| Debt / EquityLower = less leverage | — | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $4.4M | — |
| Q4 25 | — | $119.1M | ||
| Q3 25 | — | $119.1M | ||
| Q2 25 | — | $119.1M | ||
| Q1 25 | — | $119.1M | ||
| Q4 24 | — | $119.1M | ||
| Q3 24 | — | $119.1M | ||
| Q2 24 | — | $119.1M | ||
| Q1 24 | — | $119.1M |
| Q4 25 | $1.4B | $2.9B | ||
| Q3 25 | $1.0B | $2.9B | ||
| Q2 25 | $497.7M | $2.9B | ||
| Q1 25 | $454.6M | $2.9B | ||
| Q4 24 | $434.6M | $2.8B | ||
| Q3 24 | $241.8M | $2.8B | ||
| Q2 24 | $124.8M | $2.8B | ||
| Q1 24 | $118.5M | $2.8B |
| Q4 25 | $5.2B | $24.2B | ||
| Q3 25 | $2.4B | $24.1B | ||
| Q2 25 | $1.9B | $23.7B | ||
| Q1 25 | $1.7B | $23.2B | ||
| Q4 24 | $1.5B | $23.1B | ||
| Q3 24 | $937.7M | $23.3B | ||
| Q2 24 | $762.9M | $23.2B | ||
| Q1 24 | $643.2M | $23.4B |
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.04× | ||
| Q1 24 | — | 0.04× |
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 | $368.6M |
| Free Cash FlowOCF − Capex | $-567.9M | $363.7M |
| FCF MarginFCF / Revenue | -448.6% | 163.2% |
| Capex IntensityCapex / Revenue | 436.1% | 2.2% |
| Cash ConversionOCF / Net Profit | — | 4.07× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.3B | $672.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.8M | $368.6M | ||
| Q3 25 | $-82.0M | $150.6M | ||
| Q2 25 | $6.9M | $64.0M | ||
| Q1 25 | $5.9M | $99.0M | ||
| Q4 24 | $-52.3M | $329.2M | ||
| Q3 24 | $-75.9M | $81.2M | ||
| Q2 24 | $-34.1M | $72.9M | ||
| Q1 24 | $38.8M | $88.2M |
| Q4 25 | $-567.9M | $363.7M | ||
| Q3 25 | $-331.4M | $150.1M | ||
| Q2 25 | $-191.4M | $62.7M | ||
| Q1 25 | $-251.6M | $96.3M | ||
| Q4 24 | $-223.3M | $325.5M | ||
| Q3 24 | $-130.7M | $80.0M | ||
| Q2 24 | $-88.9M | $72.4M | ||
| Q1 24 | $-2.3M | $87.3M |
| Q4 25 | -448.6% | 163.2% | ||
| Q3 25 | -516.1% | 71.3% | ||
| Q2 25 | 574.8% | 31.9% | ||
| Q1 25 | -475.4% | 51.2% | ||
| Q4 24 | -349.6% | 174.6% | ||
| Q3 24 | -215.3% | 42.2% | ||
| Q2 24 | -203.5% | 40.5% | ||
| Q1 24 | -5.4% | 49.8% |
| Q4 25 | 436.1% | 2.2% | ||
| Q3 25 | 388.4% | 0.2% | ||
| Q2 25 | -595.4% | 0.6% | ||
| Q1 25 | 486.6% | 1.4% | ||
| Q4 24 | 267.8% | 1.9% | ||
| Q3 24 | 90.3% | 0.6% | ||
| Q2 24 | 125.4% | 0.3% | ||
| Q1 24 | 95.0% | 0.5% |
| Q4 25 | — | 4.07× | ||
| Q3 25 | — | 1.94× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 1.42× | ||
| Q4 24 | — | 4.10× | ||
| Q3 24 | — | 1.20× | ||
| Q2 24 | — | 1.09× | ||
| Q1 24 | — | 1.23× |
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% |
CATY
Segment breakdown not available.
