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Side-by-side financial comparison of Applied Digital Corp. (APLD) and MOVADO GROUP INC (MOV). Click either name above to swap in a different company.
MOVADO GROUP INC is the larger business by last-quarter revenue ($186.1M vs $126.6M, roughly 1.5× Applied Digital Corp.). MOVADO GROUP INC runs the higher net margin — 5.1% vs -11.4%, a 16.6% gap on every dollar of revenue. On growth, Applied Digital Corp. posted the faster year-over-year revenue change (98.2% vs 1.9%). MOVADO GROUP INC produced more free cash flow last quarter ($11.6M vs $-567.9M). Over the past eight quarters, Applied Digital Corp.'s revenue compounded faster (70.9% CAGR vs 2.9%).
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.
Movado is a luxury American watch brand originally founded in 1881 in Switzerland. Movado means "movement" in Esperanto. The watches are known for their signature metallic dot at 12 o'clock and minimalist style; the company is best known for its Museum Watch.
APLD vs MOV — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $126.6M | $186.1M |
| Net Profit | $-14.4M | $9.6M |
| Gross Margin | 20.6% | 54.3% |
| Operating Margin | -24.5% | 6.3% |
| Net Margin | -11.4% | 5.1% |
| Revenue YoY | 98.2% | 1.9% |
| Net Profit YoY | 89.6% | 89.8% |
| EPS (diluted) | $-0.07 | $0.42 |
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 | $186.1M | ||
| Q3 25 | $64.2M | $161.8M | ||
| Q2 25 | $-33.3M | $131.8M | ||
| Q1 25 | $52.9M | $181.5M | ||
| Q4 24 | $63.9M | $180.5M | ||
| Q3 24 | $60.7M | $157.0M | ||
| Q2 24 | $43.7M | $134.4M | ||
| Q1 24 | $43.3M | $175.8M |
| Q4 25 | $-14.4M | $9.6M | ||
| Q3 25 | $-16.9M | $3.0M | ||
| Q2 25 | $-52.5M | $1.4M | ||
| Q1 25 | $-35.6M | $8.1M | ||
| Q4 24 | $-138.7M | $4.8M | ||
| Q3 24 | $-4.2M | $3.5M | ||
| Q2 24 | $-64.5M | $2.0M | ||
| Q1 24 | $-62.8M | $9.8M |
| Q4 25 | 20.6% | 54.3% | ||
| Q3 25 | 13.4% | 54.1% | ||
| Q2 25 | — | 54.1% | ||
| Q1 25 | 7.1% | 54.2% | ||
| Q4 24 | 18.0% | 53.5% | ||
| Q3 24 | -0.6% | 54.3% | ||
| Q2 24 | -9.1% | 54.3% | ||
| Q1 24 | -8.6% | 53.5% |
| Q4 25 | -24.5% | 6.3% | ||
| Q3 25 | -34.7% | 2.5% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | -35.8% | 5.1% | ||
| Q4 24 | -29.1% | 3.3% | ||
| Q3 24 | 15.6% | 1.7% | ||
| Q2 24 | -68.4% | 1.6% | ||
| Q1 24 | -128.8% | 6.1% |
| Q4 25 | -11.4% | 5.1% | ||
| Q3 25 | -26.4% | 1.8% | ||
| Q2 25 | 157.8% | 1.1% | ||
| Q1 25 | -67.2% | 4.4% | ||
| Q4 24 | -217.2% | 2.7% | ||
| Q3 24 | -7.0% | 2.2% | ||
| Q2 24 | -147.5% | 1.5% | ||
| Q1 24 | -145.0% | 5.6% |
| Q4 25 | $-0.07 | $0.42 | ||
| Q3 25 | $-0.07 | $0.13 | ||
| Q2 25 | $-0.31 | $0.06 | ||
| Q1 25 | $-0.16 | $0.36 | ||
| Q4 24 | $-0.66 | $0.21 | ||
| Q3 24 | $-0.03 | $0.15 | ||
| Q2 24 | $-0.57 | $0.09 | ||
| Q1 24 | $-0.52 | $0.44 |
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 | $183.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $497.5M |
| Total Assets | $5.2B | $751.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $183.9M | ||
| Q3 25 | $73.9M | $180.5M | ||
| Q2 25 | $41.6M | $203.1M | ||
| Q1 25 | $68.7M | $208.5M | ||
| Q4 24 | $286.2M | $181.5M | ||
| Q3 24 | $58.2M | $198.3M | ||
| Q2 24 | $3.3M | $225.4M | ||
| Q1 24 | $4.4M | $262.1M |
| Q4 25 | $1.4B | $497.5M | ||
| Q3 25 | $1.0B | $489.9M | ||
| Q2 25 | $497.7M | $493.2M | ||
| Q1 25 | $454.6M | $481.3M | ||
| Q4 24 | $434.6M | $491.3M | ||
| Q3 24 | $241.8M | $492.0M | ||
| Q2 24 | $124.8M | $489.6M | ||
| Q1 24 | $118.5M | $505.9M |
| Q4 25 | $5.2B | $751.9M | ||
| Q3 25 | $2.4B | $748.7M | ||
| Q2 25 | $1.9B | $747.2M | ||
| Q1 25 | $1.7B | $729.2M | ||
| Q4 24 | $1.5B | $747.2M | ||
| Q3 24 | $937.7M | $742.5M | ||
| Q2 24 | $762.9M | $736.0M | ||
| Q1 24 | $643.2M | $756.5M |
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 | $12.3M |
| Free Cash FlowOCF − Capex | $-567.9M | $11.6M |
| FCF MarginFCF / Revenue | -448.6% | 6.2% |
| Capex IntensityCapex / Revenue | 436.1% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.3B | $35.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.8M | $12.3M | ||
| Q3 25 | $-82.0M | $-3.8M | ||
| Q2 25 | $6.9M | $-7.2M | ||
| Q1 25 | $5.9M | $39.1M | ||
| Q4 24 | $-52.3M | $-4.7M | ||
| Q3 24 | $-75.9M | $-17.8M | ||
| Q2 24 | $-34.1M | $-18.1M | ||
| Q1 24 | $38.8M | $69.4M |
| Q4 25 | $-567.9M | $11.6M | ||
| Q3 25 | $-331.4M | $-5.1M | ||
| Q2 25 | $-191.4M | $-8.7M | ||
| Q1 25 | $-251.6M | $37.5M | ||
| Q4 24 | $-223.3M | $-7.2M | ||
| Q3 24 | $-130.7M | $-20.1M | ||
| Q2 24 | $-88.9M | $-19.7M | ||
| Q1 24 | $-2.3M | $67.8M |
| Q4 25 | -448.6% | 6.2% | ||
| Q3 25 | -516.1% | -3.1% | ||
| Q2 25 | 574.8% | -6.6% | ||
| Q1 25 | -475.4% | 20.7% | ||
| Q4 24 | -349.6% | -4.0% | ||
| Q3 24 | -215.3% | -12.8% | ||
| Q2 24 | -203.5% | -14.7% | ||
| Q1 24 | -5.4% | 38.6% |
| Q4 25 | 436.1% | 0.4% | ||
| Q3 25 | 388.4% | 0.8% | ||
| Q2 25 | -595.4% | 1.2% | ||
| Q1 25 | 486.6% | 0.9% | ||
| Q4 24 | 267.8% | 1.4% | ||
| Q3 24 | 90.3% | 1.5% | ||
| Q2 24 | 125.4% | 1.2% | ||
| Q1 24 | 95.0% | 0.9% |
| Q4 25 | — | 1.28× | ||
| Q3 25 | — | -1.27× | ||
| Q2 25 | — | -5.08× | ||
| Q1 25 | — | 4.86× | ||
| Q4 24 | — | -0.98× | ||
| Q3 24 | — | -5.14× | ||
| Q2 24 | — | -8.97× | ||
| Q1 24 | — | 7.06× |
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% |
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
