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Side-by-side financial comparison of Applied Digital Corp. (APLD) and STURM RUGER & CO INC (RGR). Click either name above to swap in a different company.
STURM RUGER & CO INC is the larger business by last-quarter revenue ($151.1M vs $126.6M, roughly 1.2× Applied Digital Corp.). On growth, Applied Digital Corp. posted the faster year-over-year revenue change (98.2% vs 3.6%). STURM RUGER & CO INC produced more free cash flow last quarter ($12.3M vs $-567.9M). Over the past eight quarters, Applied Digital Corp.'s revenue compounded faster (70.9% CAGR vs 5.1%).
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.
Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.
APLD vs RGR — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $126.6M | $151.1M |
| Net Profit | $-14.4M | — |
| Gross Margin | 20.6% | 17.8% |
| Operating Margin | -24.5% | 2.3% |
| Net Margin | -11.4% | — |
| Revenue YoY | 98.2% | 3.6% |
| Net Profit YoY | 89.6% | — |
| EPS (diluted) | $-0.07 | $0.22 |
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 | $151.1M | ||
| Q3 25 | $64.2M | $126.8M | ||
| Q2 25 | $-33.3M | $132.5M | ||
| Q1 25 | $52.9M | $135.7M | ||
| Q4 24 | $63.9M | $145.8M | ||
| Q3 24 | $60.7M | $122.3M | ||
| Q2 24 | $43.7M | $130.8M | ||
| Q1 24 | $43.3M | $136.8M |
| Q4 25 | $-14.4M | — | ||
| Q3 25 | $-16.9M | $1.6M | ||
| Q2 25 | $-52.5M | $-17.2M | ||
| Q1 25 | $-35.6M | $7.8M | ||
| Q4 24 | $-138.7M | — | ||
| Q3 24 | $-4.2M | $4.7M | ||
| Q2 24 | $-64.5M | $8.3M | ||
| Q1 24 | $-62.8M | $7.1M |
| Q4 25 | 20.6% | 17.8% | ||
| Q3 25 | 13.4% | 15.1% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | 7.1% | 22.0% | ||
| Q4 24 | 18.0% | 22.8% | ||
| Q3 24 | -0.6% | 18.5% | ||
| Q2 24 | -9.1% | 22.3% | ||
| Q1 24 | -8.6% | 21.5% |
| Q4 25 | -24.5% | 2.3% | ||
| Q3 25 | -34.7% | -2.7% | ||
| Q2 25 | — | -15.6% | ||
| Q1 25 | -35.8% | 6.2% | ||
| Q4 24 | -29.1% | 7.8% | ||
| Q3 24 | 15.6% | 3.1% | ||
| Q2 24 | -68.4% | 6.9% | ||
| Q1 24 | -128.8% | 5.5% |
| Q4 25 | -11.4% | — | ||
| Q3 25 | -26.4% | 1.2% | ||
| Q2 25 | 157.8% | -13.0% | ||
| Q1 25 | -67.2% | 5.7% | ||
| Q4 24 | -217.2% | — | ||
| Q3 24 | -7.0% | 3.9% | ||
| Q2 24 | -147.5% | 6.3% | ||
| Q1 24 | -145.0% | 5.2% |
| Q4 25 | $-0.07 | $0.22 | ||
| Q3 25 | $-0.07 | $0.10 | ||
| Q2 25 | $-0.31 | $-1.05 | ||
| Q1 25 | $-0.16 | $0.46 | ||
| Q4 24 | $-0.66 | $0.62 | ||
| Q3 24 | $-0.03 | $0.28 | ||
| Q2 24 | $-0.57 | $0.47 | ||
| Q1 24 | $-0.52 | $0.40 |
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 | $92.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $283.8M |
| Total Assets | $5.2B | $342.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $92.5M | ||
| Q3 25 | $73.9M | $80.8M | ||
| Q2 25 | $41.6M | $101.4M | ||
| Q1 25 | $68.7M | $108.3M | ||
| Q4 24 | $286.2M | $105.5M | ||
| Q3 24 | $58.2M | $96.0M | ||
| Q2 24 | $3.3M | $105.6M | ||
| Q1 24 | $4.4M | $115.3M |
| Q4 25 | $1.4B | $283.8M | ||
| Q3 25 | $1.0B | $279.6M | ||
| Q2 25 | $497.7M | $289.3M | ||
| Q1 25 | $454.6M | $321.5M | ||
| Q4 24 | $434.6M | $319.6M | ||
| Q3 24 | $241.8M | $314.9M | ||
| Q2 24 | $124.8M | $321.5M | ||
| Q1 24 | $118.5M | $332.0M |
| Q4 25 | $5.2B | $342.0M | ||
| Q3 25 | $2.4B | $342.3M | ||
| Q2 25 | $1.9B | $349.5M | ||
| Q1 25 | $1.7B | $379.0M | ||
| Q4 24 | $1.5B | $384.0M | ||
| Q3 24 | $937.7M | $373.5M | ||
| Q2 24 | $762.9M | $376.7M | ||
| Q1 24 | $643.2M | $385.0M |
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 | $15.5M |
| Free Cash FlowOCF − Capex | $-567.9M | $12.3M |
| FCF MarginFCF / Revenue | -448.6% | 8.2% |
| Capex IntensityCapex / Revenue | 436.1% | 2.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.3B | $38.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.8M | $15.5M | ||
| Q3 25 | $-82.0M | $12.9M | ||
| Q2 25 | $6.9M | $14.7M | ||
| Q1 25 | $5.9M | $11.1M | ||
| Q4 24 | $-52.3M | $20.0M | ||
| Q3 24 | $-75.9M | $9.4M | ||
| Q2 24 | $-34.1M | $18.7M | ||
| Q1 24 | $38.8M | $7.3M |
| Q4 25 | $-567.9M | $12.3M | ||
| Q3 25 | $-331.4M | $7.0M | ||
| Q2 25 | $-191.4M | $9.1M | ||
| Q1 25 | $-251.6M | $10.0M | ||
| Q4 24 | $-223.3M | $16.4M | ||
| Q3 24 | $-130.7M | $2.6M | ||
| Q2 24 | $-88.9M | $10.1M | ||
| Q1 24 | $-2.3M | $5.6M |
| Q4 25 | -448.6% | 8.2% | ||
| Q3 25 | -516.1% | 5.5% | ||
| Q2 25 | 574.8% | 6.9% | ||
| Q1 25 | -475.4% | 7.4% | ||
| Q4 24 | -349.6% | 11.2% | ||
| Q3 24 | -215.3% | 2.1% | ||
| Q2 24 | -203.5% | 7.7% | ||
| Q1 24 | -5.4% | 4.1% |
| Q4 25 | 436.1% | 2.1% | ||
| Q3 25 | 388.4% | 4.6% | ||
| Q2 25 | -595.4% | 4.2% | ||
| Q1 25 | 486.6% | 0.8% | ||
| Q4 24 | 267.8% | 2.5% | ||
| Q3 24 | 90.3% | 5.5% | ||
| Q2 24 | 125.4% | 6.6% | ||
| Q1 24 | 95.0% | 1.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | 8.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | — | 2.27× | ||
| Q1 24 | — | 1.04× |
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% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
