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Side-by-side financial comparison of Applied Digital Corp. (APLD) and ENTRAVISION COMMUNICATIONS CORP (EVC). Click either name above to swap in a different company.

ENTRAVISION COMMUNICATIONS CORP is the larger business by last-quarter revenue ($134.4M vs $126.6M, roughly 1.1× Applied Digital Corp.). Applied Digital Corp. runs the higher net margin — -11.4% vs -13.5%, a 2.1% gap on every dollar of revenue. On growth, Applied Digital Corp. posted the faster year-over-year revenue change (98.2% vs 25.6%). ENTRAVISION COMMUNICATIONS CORP produced more free cash flow last quarter ($8.7M vs $-567.9M). Over the past eight quarters, Applied Digital Corp.'s revenue compounded faster (70.9% CAGR vs 31.1%).

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.

Entravision Communications Corporation is an American media company based in Santa Monica, California. Entravision primarily caters to the Spanish-speaking Hispanic and Latino community and owns television and radio stations and outdoor media, in several of the top Hispanic and Latino markets. It is the largest affiliate group of the Univision and UniMás television networks. Entravision also owns a small number of English-language television and radio stations.

APLD vs EVC — Head-to-Head

Bigger by revenue
EVC
EVC
1.1× larger
EVC
$134.4M
$126.6M
APLD
Growing faster (revenue YoY)
APLD
APLD
+72.6% gap
APLD
98.2%
25.6%
EVC
Higher net margin
APLD
APLD
2.1% more per $
APLD
-11.4%
-13.5%
EVC
More free cash flow
EVC
EVC
$576.6M more FCF
EVC
$8.7M
$-567.9M
APLD
Faster 2-yr revenue CAGR
APLD
APLD
Annualised
APLD
70.9%
31.1%
EVC

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
APLD
APLD
EVC
EVC
Revenue
$126.6M
$134.4M
Net Profit
$-14.4M
$-18.2M
Gross Margin
20.6%
54.1%
Operating Margin
-24.5%
-15.4%
Net Margin
-11.4%
-13.5%
Revenue YoY
98.2%
25.6%
Net Profit YoY
89.6%
67.7%
EPS (diluted)
$-0.07
$-0.19

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
APLD
APLD
EVC
EVC
Q4 25
$126.6M
$134.4M
Q3 25
$64.2M
$120.6M
Q2 25
$-33.3M
$100.7M
Q1 25
$52.9M
$91.9M
Q4 24
$63.9M
$107.0M
Q3 24
$60.7M
$97.2M
Q2 24
$43.7M
$82.7M
Q1 24
$43.3M
$78.2M
Net Profit
APLD
APLD
EVC
EVC
Q4 25
$-14.4M
$-18.2M
Q3 25
$-16.9M
$-9.7M
Q2 25
$-52.5M
$-3.3M
Q1 25
$-35.6M
$-48.0M
Q4 24
$-138.7M
$-56.4M
Q3 24
$-4.2M
$-12.0M
Q2 24
$-64.5M
$-31.7M
Q1 24
$-62.8M
$-48.9M
Gross Margin
APLD
APLD
EVC
EVC
Q4 25
20.6%
54.1%
Q3 25
13.4%
57.7%
Q2 25
62.3%
Q1 25
7.1%
63.6%
Q4 24
18.0%
73.5%
Q3 24
-0.6%
72.4%
Q2 24
-9.1%
70.5%
Q1 24
-8.6%
71.0%
Operating Margin
APLD
APLD
EVC
EVC
Q4 25
-24.5%
-15.4%
Q3 25
-34.7%
-7.5%
Q2 25
-0.8%
Q1 25
-35.8%
-57.5%
Q4 24
-29.1%
-45.4%
Q3 24
15.6%
7.8%
Q2 24
-68.4%
-4.0%
Q1 24
-128.8%
-9.8%
Net Margin
APLD
APLD
EVC
EVC
Q4 25
-11.4%
-13.5%
Q3 25
-26.4%
-8.0%
Q2 25
157.8%
-3.3%
Q1 25
-67.2%
-52.2%
Q4 24
-217.2%
-52.7%
Q3 24
-7.0%
-12.3%
Q2 24
-147.5%
-38.3%
Q1 24
-145.0%
-62.5%
EPS (diluted)
APLD
APLD
EVC
EVC
Q4 25
$-0.07
$-0.19
Q3 25
$-0.07
$-0.11
Q2 25
$-0.31
$-0.04
Q1 25
$-0.16
$-0.53
Q4 24
$-0.66
$-0.63
Q3 24
$-0.03
$-0.13
Q2 24
$-0.57
$-0.35
Q1 24
$-0.52
$-0.55

Balance Sheet & Financial Strength

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

Metric
APLD
APLD
EVC
EVC
Cash + ST InvestmentsLiquidity on hand
$1.9B
$63.2M
Total DebtLower is stronger
$167.7M
Stockholders' EquityBook value
$1.4B
$55.4M
Total Assets
$5.2B
$387.5M
Debt / EquityLower = less leverage
3.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLD
APLD
EVC
EVC
Q4 25
$1.9B
$63.2M
Q3 25
$73.9M
$66.4M
Q2 25
$41.6M
$69.3M
Q1 25
$68.7M
$78.1M
Q4 24
$286.2M
$100.6M
Q3 24
$58.2M
$93.1M
Q2 24
$3.3M
$88.3M
Q1 24
$4.4M
$102.8M
Total Debt
APLD
APLD
EVC
EVC
Q4 25
$167.7M
Q3 25
Q2 25
Q1 25
Q4 24
$187.8M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
APLD
APLD
EVC
EVC
Q4 25
$1.4B
$55.4M
Q3 25
$1.0B
$78.2M
Q2 25
$497.7M
$90.0M
Q1 25
$454.6M
$95.6M
Q4 24
$434.6M
$146.0M
Q3 24
$241.8M
$207.4M
Q2 24
$124.8M
$220.4M
Q1 24
$118.5M
$173.5M
Total Assets
APLD
APLD
EVC
EVC
Q4 25
$5.2B
$387.5M
Q3 25
$2.4B
$414.6M
Q2 25
$1.9B
$418.0M
Q1 25
$1.7B
$435.8M
Q4 24
$1.5B
$487.3M
Q3 24
$937.7M
$557.3M
Q2 24
$762.9M
$569.6M
Q1 24
$643.2M
$805.0M
Debt / Equity
APLD
APLD
EVC
EVC
Q4 25
3.02×
Q3 25
Q2 25
Q1 25
Q4 24
1.29×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
APLD
APLD
EVC
EVC
Operating Cash FlowLast quarter
$-15.8M
$9.8M
Free Cash FlowOCF − Capex
$-567.9M
$8.7M
FCF MarginFCF / Revenue
-448.6%
6.5%
Capex IntensityCapex / Revenue
436.1%
0.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.3B
$3.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APLD
APLD
EVC
EVC
Q4 25
$-15.8M
$9.8M
Q3 25
$-82.0M
$8.3M
Q2 25
$6.9M
$7.8M
Q1 25
$5.9M
$-15.2M
Q4 24
$-52.3M
$12.8M
Q3 24
$-75.9M
$10.9M
Q2 24
$-34.1M
$17.7M
Q1 24
$38.8M
$33.4M
Free Cash Flow
APLD
APLD
EVC
EVC
Q4 25
$-567.9M
$8.7M
Q3 25
$-331.4M
$7.1M
Q2 25
$-191.4M
$5.7M
Q1 25
$-251.6M
$-17.9M
Q4 24
$-223.3M
$10.6M
Q3 24
$-130.7M
$9.3M
Q2 24
$-88.9M
$15.7M
Q1 24
$-2.3M
$30.6M
FCF Margin
APLD
APLD
EVC
EVC
Q4 25
-448.6%
6.5%
Q3 25
-516.1%
5.9%
Q2 25
574.8%
5.6%
Q1 25
-475.4%
-19.5%
Q4 24
-349.6%
9.9%
Q3 24
-215.3%
9.6%
Q2 24
-203.5%
19.0%
Q1 24
-5.4%
39.2%
Capex Intensity
APLD
APLD
EVC
EVC
Q4 25
436.1%
0.8%
Q3 25
388.4%
1.0%
Q2 25
-595.4%
2.1%
Q1 25
486.6%
2.9%
Q4 24
267.8%
2.0%
Q3 24
90.3%
1.6%
Q2 24
125.4%
2.4%
Q1 24
95.0%
3.5%

Financial Flow Comparison

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

Revenue Breakdown by Segment

APLD
APLD

HPC Hosting Business$85.0M67%
Data Center Hosting Business$41.6M33%

EVC
EVC

Digital Advertising$98.1M73%
Broadcast Advertising$27.4M20%
Retransmission Consent$6.3M5%
Other Product Or Services$1.3M1%

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