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Side-by-side financial comparison of Applied Digital Corp. (APLD) and SIMMONS FIRST NATIONAL CORP (SFNC). Click either name above to swap in a different company.
SIMMONS FIRST NATIONAL CORP is the larger business by last-quarter revenue ($197.3M vs $126.6M, roughly 1.6× Applied Digital Corp.). On growth, Applied Digital Corp. posted the faster year-over-year revenue change (98.2% vs 19.6%). SIMMONS FIRST NATIONAL CORP produced more free cash flow last quarter ($411.4M vs $-567.9M). Over the past eight quarters, Applied Digital Corp.'s revenue compounded faster (70.9% CAGR vs 0.6%).
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.
Simmons Bank is a bank with operations in Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. It is the primary subsidiary of Simmons First National Corporation, a bank holding company.
APLD vs SFNC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $126.6M | $197.3M |
| Net Profit | $-14.4M | — |
| Gross Margin | 20.6% | — |
| Operating Margin | -24.5% | — |
| Net Margin | -11.4% | — |
| Revenue YoY | 98.2% | 19.6% |
| Net Profit YoY | 89.6% | — |
| EPS (diluted) | $-0.07 | $0.36 |
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 | $197.3M | ||
| Q3 25 | $64.2M | $186.7M | ||
| Q2 25 | $-33.3M | $214.2M | ||
| Q1 25 | $52.9M | $209.6M | ||
| Q4 24 | $63.9M | $208.5M | ||
| Q3 24 | $60.7M | $174.8M | ||
| Q2 24 | $43.7M | $197.2M | ||
| Q1 24 | $43.3M | $195.1M |
| Q4 25 | $-14.4M | — | ||
| Q3 25 | $-16.9M | $-562.8M | ||
| Q2 25 | $-52.5M | $54.8M | ||
| Q1 25 | $-35.6M | $32.4M | ||
| Q4 24 | $-138.7M | — | ||
| Q3 24 | $-4.2M | $24.7M | ||
| Q2 24 | $-64.5M | $40.8M | ||
| Q1 24 | $-62.8M | $38.9M |
| 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% | — | ||
| Q3 25 | -34.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -35.8% | — | ||
| Q4 24 | -29.1% | — | ||
| Q3 24 | 15.6% | — | ||
| Q2 24 | -68.4% | — | ||
| Q1 24 | -128.8% | — |
| Q4 25 | -11.4% | — | ||
| Q3 25 | -26.4% | -301.5% | ||
| Q2 25 | 157.8% | 25.6% | ||
| Q1 25 | -67.2% | 15.5% | ||
| Q4 24 | -217.2% | — | ||
| Q3 24 | -7.0% | 14.1% | ||
| Q2 24 | -147.5% | 20.7% | ||
| Q1 24 | -145.0% | 19.9% |
| Q4 25 | $-0.07 | $0.36 | ||
| Q3 25 | $-0.07 | $-4.00 | ||
| Q2 25 | $-0.31 | $0.43 | ||
| Q1 25 | $-0.16 | $0.26 | ||
| Q4 24 | $-0.66 | $0.38 | ||
| Q3 24 | $-0.03 | $0.20 | ||
| Q2 24 | $-0.57 | $0.32 | ||
| Q1 24 | $-0.52 | $0.31 |
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 | — | $620.0M |
| Stockholders' EquityBook value | $1.4B | $3.4B |
| Total Assets | $5.2B | $24.5B |
| Debt / EquityLower = less leverage | — | 0.18× |
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 | — | $620.0M | ||
| Q3 25 | — | $667.8M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $1.4B | $3.4B | ||
| Q3 25 | $1.0B | $3.4B | ||
| Q2 25 | $497.7M | $3.5B | ||
| Q1 25 | $454.6M | $3.5B | ||
| Q4 24 | $434.6M | $3.5B | ||
| Q3 24 | $241.8M | $3.5B | ||
| Q2 24 | $124.8M | $3.5B | ||
| Q1 24 | $118.5M | $3.4B |
| Q4 25 | $5.2B | $24.5B | ||
| Q3 25 | $2.4B | $24.2B | ||
| Q2 25 | $1.9B | $26.7B | ||
| Q1 25 | $1.7B | $26.8B | ||
| Q4 24 | $1.5B | $26.9B | ||
| Q3 24 | $937.7M | $27.3B | ||
| Q2 24 | $762.9M | $27.4B | ||
| Q1 24 | $643.2M | $27.4B |
| Q4 25 | — | 0.18× | ||
| Q3 25 | — | 0.20× | ||
| Q2 25 | — | 0.28× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.50× | ||
| Q1 24 | — | 0.36× |
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 | $449.5M |
| Free Cash FlowOCF − Capex | $-567.9M | $411.4M |
| FCF MarginFCF / Revenue | -448.6% | 208.5% |
| Capex IntensityCapex / Revenue | 436.1% | 19.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.3B | $717.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.8M | $449.5M | ||
| Q3 25 | $-82.0M | $223.4M | ||
| Q2 25 | $6.9M | $77.6M | ||
| Q1 25 | $5.9M | $32.8M | ||
| Q4 24 | $-52.3M | $425.9M | ||
| Q3 24 | $-75.9M | $199.4M | ||
| Q2 24 | $-34.1M | $86.1M | ||
| Q1 24 | $38.8M | $57.6M |
| Q4 25 | $-567.9M | $411.4M | ||
| Q3 25 | $-331.4M | $216.7M | ||
| Q2 25 | $-191.4M | $66.3M | ||
| Q1 25 | $-251.6M | $22.6M | ||
| Q4 24 | $-223.3M | $380.4M | ||
| Q3 24 | $-130.7M | $187.7M | ||
| Q2 24 | $-88.9M | $72.7M | ||
| Q1 24 | $-2.3M | $47.7M |
| Q4 25 | -448.6% | 208.5% | ||
| Q3 25 | -516.1% | 116.1% | ||
| Q2 25 | 574.8% | 31.0% | ||
| Q1 25 | -475.4% | 10.8% | ||
| Q4 24 | -349.6% | 182.5% | ||
| Q3 24 | -215.3% | 107.4% | ||
| Q2 24 | -203.5% | 36.9% | ||
| Q1 24 | -5.4% | 24.5% |
| Q4 25 | 436.1% | 19.3% | ||
| Q3 25 | 388.4% | 3.6% | ||
| Q2 25 | -595.4% | 5.3% | ||
| Q1 25 | 486.6% | 4.8% | ||
| Q4 24 | 267.8% | 21.8% | ||
| Q3 24 | 90.3% | 6.7% | ||
| Q2 24 | 125.4% | 6.8% | ||
| Q1 24 | 95.0% | 5.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.01× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 8.06× | ||
| Q2 24 | — | 2.11× | ||
| Q1 24 | — | 1.48× |
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% |
SFNC
Segment breakdown not available.
