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Side-by-side financial comparison of Applied Digital Corp. (APLD) and SunOpta Inc. (STKL). Click either name above to swap in a different company.
SunOpta Inc. is the larger business by last-quarter revenue ($205.4M vs $126.6M, roughly 1.6× Applied Digital Corp.). SunOpta Inc. runs the higher net margin — 0.4% vs -11.4%, a 11.8% gap on every dollar of revenue. On growth, Applied Digital Corp. posted the faster year-over-year revenue change (98.2% vs 16.6%). SunOpta Inc. produced more free cash flow last quarter ($12.1M vs $-567.9M). Over the past eight quarters, Applied Digital Corp.'s revenue compounded faster (70.9% CAGR vs 7.4%).
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.
SunOpta, Inc. is a multi-national food and mineral company headquartered in Eden Prairie, Minnesota and founded in 1973 in Canada.
APLD vs STKL — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $126.6M | $205.4M |
| Net Profit | $-14.4M | $816.0K |
| Gross Margin | 20.6% | 12.4% |
| Operating Margin | -24.5% | 3.3% |
| Net Margin | -11.4% | 0.4% |
| Revenue YoY | 98.2% | 16.6% |
| Net Profit YoY | 89.6% | 113.1% |
| EPS (diluted) | $-0.07 | $0.01 |
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 | — | ||
| Q3 25 | $64.2M | $205.4M | ||
| Q2 25 | $-33.3M | $191.5M | ||
| Q1 25 | $52.9M | $201.6M | ||
| Q4 24 | $63.9M | $193.9M | ||
| Q3 24 | $60.7M | $175.9M | ||
| Q2 24 | $43.7M | $169.5M | ||
| Q1 24 | $43.3M | $184.4M |
| Q4 25 | $-14.4M | — | ||
| Q3 25 | $-16.9M | $816.0K | ||
| Q2 25 | $-52.5M | $4.4M | ||
| Q1 25 | $-35.6M | $4.8M | ||
| Q4 24 | $-138.7M | $-8.7M | ||
| Q3 24 | $-4.2M | $-6.2M | ||
| Q2 24 | $-64.5M | $-5.3M | ||
| Q1 24 | $-62.8M | $2.9M |
| Q4 25 | 20.6% | — | ||
| Q3 25 | 13.4% | 12.4% | ||
| Q2 25 | — | 14.8% | ||
| Q1 25 | 7.1% | 15.0% | ||
| Q4 24 | 18.0% | 10.9% | ||
| Q3 24 | -0.6% | 13.0% | ||
| Q2 24 | -9.1% | 12.5% | ||
| Q1 24 | -8.6% | 16.8% |
| Q4 25 | -24.5% | — | ||
| Q3 25 | -34.7% | 3.3% | ||
| Q2 25 | — | 5.5% | ||
| Q1 25 | -35.8% | 5.2% | ||
| Q4 24 | -29.1% | 1.4% | ||
| Q3 24 | 15.6% | 0.5% | ||
| Q2 24 | -68.4% | 1.2% | ||
| Q1 24 | -128.8% | 5.5% |
| Q4 25 | -11.4% | — | ||
| Q3 25 | -26.4% | 0.4% | ||
| Q2 25 | 157.8% | 2.3% | ||
| Q1 25 | -67.2% | 2.4% | ||
| Q4 24 | -217.2% | -4.5% | ||
| Q3 24 | -7.0% | -3.5% | ||
| Q2 24 | -147.5% | -3.1% | ||
| Q1 24 | -145.0% | 1.6% |
| Q4 25 | $-0.07 | — | ||
| Q3 25 | $-0.07 | $0.01 | ||
| Q2 25 | $-0.31 | $0.03 | ||
| Q1 25 | $-0.16 | $0.04 | ||
| Q4 24 | $-0.66 | $-0.08 | ||
| Q3 24 | $-0.03 | $-0.05 | ||
| Q2 24 | $-0.57 | $-0.04 | ||
| Q1 24 | $-0.52 | $0.02 |
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 | $2.2M |
| Total DebtLower is stronger | — | $250.8M |
| Stockholders' EquityBook value | $1.4B | $162.8M |
| Total Assets | $5.2B | $694.1M |
| Debt / EquityLower = less leverage | — | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | — | ||
| Q3 25 | $73.9M | $2.2M | ||
| Q2 25 | $41.6M | $2.2M | ||
| Q1 25 | $68.7M | $2.3M | ||
| Q4 24 | $286.2M | $1.6M | ||
| Q3 24 | $58.2M | $2.9M | ||
| Q2 24 | $3.3M | $3.2M | ||
| Q1 24 | $4.4M | $1.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $250.8M | ||
| Q2 25 | — | $263.3M | ||
| Q1 25 | — | $260.6M | ||
| Q4 24 | — | $265.2M | ||
| Q3 24 | — | $289.9M | ||
| Q2 24 | — | $303.1M | ||
| Q1 24 | — | $258.8M |
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.0B | $162.8M | ||
| Q2 25 | $497.7M | $159.8M | ||
| Q1 25 | $454.6M | $154.8M | ||
| Q4 24 | $434.6M | $148.6M | ||
| Q3 24 | $241.8M | $155.0M | ||
| Q2 24 | $124.8M | $158.8M | ||
| Q1 24 | $118.5M | $163.6M |
| Q4 25 | $5.2B | — | ||
| Q3 25 | $2.4B | $694.1M | ||
| Q2 25 | $1.9B | $704.9M | ||
| Q1 25 | $1.7B | $690.7M | ||
| Q4 24 | $1.5B | $668.5M | ||
| Q3 24 | $937.7M | $699.3M | ||
| Q2 24 | $762.9M | $704.7M | ||
| Q1 24 | $643.2M | $671.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | — | 1.65× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.91× | ||
| Q1 24 | — | 1.58× |
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 | $16.3M |
| Free Cash FlowOCF − Capex | $-567.9M | $12.1M |
| FCF MarginFCF / Revenue | -448.6% | 5.9% |
| Capex IntensityCapex / Revenue | 436.1% | 2.1% |
| Cash ConversionOCF / Net Profit | — | 20.03× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.3B | $36.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.8M | — | ||
| Q3 25 | $-82.0M | $16.3M | ||
| Q2 25 | $6.9M | $-4.5M | ||
| Q1 25 | $5.9M | $22.3M | ||
| Q4 24 | $-52.3M | $33.1M | ||
| Q3 24 | $-75.9M | $17.2M | ||
| Q2 24 | $-34.1M | $-5.6M | ||
| Q1 24 | $38.8M | $5.3M |
| Q4 25 | $-567.9M | — | ||
| Q3 25 | $-331.4M | $12.1M | ||
| Q2 25 | $-191.4M | $-9.2M | ||
| Q1 25 | $-251.6M | $9.5M | ||
| Q4 24 | $-223.3M | $24.0M | ||
| Q3 24 | $-130.7M | $11.7M | ||
| Q2 24 | $-88.9M | $-15.3M | ||
| Q1 24 | $-2.3M | $-2.3M |
| Q4 25 | -448.6% | — | ||
| Q3 25 | -516.1% | 5.9% | ||
| Q2 25 | 574.8% | -4.8% | ||
| Q1 25 | -475.4% | 4.7% | ||
| Q4 24 | -349.6% | 12.4% | ||
| Q3 24 | -215.3% | 6.6% | ||
| Q2 24 | -203.5% | -9.0% | ||
| Q1 24 | -5.4% | -1.2% |
| Q4 25 | 436.1% | — | ||
| Q3 25 | 388.4% | 2.1% | ||
| Q2 25 | -595.4% | 2.5% | ||
| Q1 25 | 486.6% | 6.3% | ||
| Q4 24 | 267.8% | 4.7% | ||
| Q3 24 | 90.3% | 3.2% | ||
| Q2 24 | 125.4% | 5.7% | ||
| Q1 24 | 95.0% | 4.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 20.03× | ||
| Q2 25 | — | -1.03× | ||
| Q1 25 | — | 4.63× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.83× |
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% |
STKL
| Beverages And Broths | $161.4M | 79% |
| Fruit Snacks | $40.9M | 20% |
| Ingredients | $3.1M | 2% |
