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Side-by-side financial comparison of Applied Digital Corp. (APLD) and TOOTSIE ROLL INDUSTRIES INC (TR). Click either name above to swap in a different company.

TOOTSIE ROLL INDUSTRIES INC is the larger business by last-quarter revenue ($196.3M vs $126.6M, roughly 1.6× Applied Digital Corp.). TOOTSIE ROLL INDUSTRIES INC runs the higher net margin — 14.7% vs -11.4%, a 26.1% gap on every dollar of revenue. On growth, Applied Digital Corp. posted the faster year-over-year revenue change (98.2% vs 1.5%). TOOTSIE ROLL INDUSTRIES INC produced more free cash flow last quarter ($61.0M vs $-567.9M). Over the past eight quarters, Applied Digital Corp.'s revenue compounded faster (70.9% CAGR vs 13.2%).

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.

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

APLD vs TR — Head-to-Head

Bigger by revenue
TR
TR
1.6× larger
TR
$196.3M
$126.6M
APLD
Growing faster (revenue YoY)
APLD
APLD
+96.7% gap
APLD
98.2%
1.5%
TR
Higher net margin
TR
TR
26.1% more per $
TR
14.7%
-11.4%
APLD
More free cash flow
TR
TR
$628.9M more FCF
TR
$61.0M
$-567.9M
APLD
Faster 2-yr revenue CAGR
APLD
APLD
Annualised
APLD
70.9%
13.2%
TR

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
APLD
APLD
TR
TR
Revenue
$126.6M
$196.3M
Net Profit
$-14.4M
$28.8M
Gross Margin
20.6%
35.7%
Operating Margin
-24.5%
17.0%
Net Margin
-11.4%
14.7%
Revenue YoY
98.2%
1.5%
Net Profit YoY
89.6%
27.9%
EPS (diluted)
$-0.07

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
TR
TR
Q4 25
$126.6M
$196.3M
Q3 25
$64.2M
$232.7M
Q2 25
$-33.3M
$155.1M
Q1 25
$52.9M
$148.5M
Q4 24
$63.9M
$193.4M
Q3 24
$60.7M
$225.9M
Q2 24
$43.7M
$150.7M
Q1 24
$43.3M
$153.2M
Net Profit
APLD
APLD
TR
TR
Q4 25
$-14.4M
$28.8M
Q3 25
$-16.9M
$35.7M
Q2 25
$-52.5M
$17.5M
Q1 25
$-35.6M
$18.1M
Q4 24
$-138.7M
$22.5M
Q3 24
$-4.2M
$32.8M
Q2 24
$-64.5M
$15.6M
Q1 24
$-62.8M
$15.8M
Gross Margin
APLD
APLD
TR
TR
Q4 25
20.6%
35.7%
Q3 25
13.4%
34.1%
Q2 25
36.4%
Q1 25
7.1%
35.3%
Q4 24
18.0%
39.1%
Q3 24
-0.6%
34.1%
Q2 24
-9.1%
33.5%
Q1 24
-8.6%
32.7%
Operating Margin
APLD
APLD
TR
TR
Q4 25
-24.5%
17.0%
Q3 25
-34.7%
13.9%
Q2 25
7.8%
Q1 25
-35.8%
15.5%
Q4 24
-29.1%
20.0%
Q3 24
15.6%
15.6%
Q2 24
-68.4%
10.2%
Q1 24
-128.8%
7.3%
Net Margin
APLD
APLD
TR
TR
Q4 25
-11.4%
14.7%
Q3 25
-26.4%
15.3%
Q2 25
157.8%
11.3%
Q1 25
-67.2%
12.2%
Q4 24
-217.2%
11.6%
Q3 24
-7.0%
14.5%
Q2 24
-147.5%
10.4%
Q1 24
-145.0%
10.3%
EPS (diluted)
APLD
APLD
TR
TR
Q4 25
$-0.07
Q3 25
$-0.07
Q2 25
$-0.31
Q1 25
$-0.16
Q4 24
$-0.66
Q3 24
$-0.03
Q2 24
$-0.57
Q1 24
$-0.52

Balance Sheet & Financial Strength

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

Metric
APLD
APLD
TR
TR
Cash + ST InvestmentsLiquidity on hand
$1.9B
$176.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$941.0M
Total Assets
$5.2B
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLD
APLD
TR
TR
Q4 25
$1.9B
$176.6M
Q3 25
$73.9M
$119.8M
Q2 25
$41.6M
$170.5M
Q1 25
$68.7M
$176.6M
Q4 24
$286.2M
$194.6M
Q3 24
$58.2M
$163.2M
Q2 24
$3.3M
$131.2M
Q1 24
$4.4M
$159.4M
Stockholders' Equity
APLD
APLD
TR
TR
Q4 25
$1.4B
$941.0M
Q3 25
$1.0B
$918.9M
Q2 25
$497.7M
$893.1M
Q1 25
$454.6M
$879.4M
Q4 24
$434.6M
$870.7M
Q3 24
$241.8M
$870.2M
Q2 24
$124.8M
$841.4M
Q1 24
$118.5M
$834.4M
Total Assets
APLD
APLD
TR
TR
Q4 25
$5.2B
$1.3B
Q3 25
$2.4B
$1.2B
Q2 25
$1.9B
$1.2B
Q1 25
$1.7B
$1.1B
Q4 24
$1.5B
$1.1B
Q3 24
$937.7M
$1.1B
Q2 24
$762.9M
$1.1B
Q1 24
$643.2M
$1.1B

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
TR
TR
Operating Cash FlowLast quarter
$-15.8M
$73.3M
Free Cash FlowOCF − Capex
$-567.9M
$61.0M
FCF MarginFCF / Revenue
-448.6%
31.1%
Capex IntensityCapex / Revenue
436.1%
6.3%
Cash ConversionOCF / Net Profit
2.55×
TTM Free Cash FlowTrailing 4 quarters
$-1.3B
$96.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APLD
APLD
TR
TR
Q4 25
$-15.8M
$73.3M
Q3 25
$-82.0M
$62.2M
Q2 25
$6.9M
$-8.5M
Q1 25
$5.9M
$3.6M
Q4 24
$-52.3M
$68.8M
Q3 24
$-75.9M
$61.3M
Q2 24
$-34.1M
$-12.6M
Q1 24
$38.8M
$21.4M
Free Cash Flow
APLD
APLD
TR
TR
Q4 25
$-567.9M
$61.0M
Q3 25
$-331.4M
$50.7M
Q2 25
$-191.4M
$-16.0M
Q1 25
$-251.6M
$750.0K
Q4 24
$-223.3M
$64.7M
Q3 24
$-130.7M
$55.8M
Q2 24
$-88.9M
$-16.6M
Q1 24
$-2.3M
$16.9M
FCF Margin
APLD
APLD
TR
TR
Q4 25
-448.6%
31.1%
Q3 25
-516.1%
21.8%
Q2 25
574.8%
-10.3%
Q1 25
-475.4%
0.5%
Q4 24
-349.6%
33.5%
Q3 24
-215.3%
24.7%
Q2 24
-203.5%
-11.0%
Q1 24
-5.4%
11.0%
Capex Intensity
APLD
APLD
TR
TR
Q4 25
436.1%
6.3%
Q3 25
388.4%
5.0%
Q2 25
-595.4%
4.8%
Q1 25
486.6%
1.9%
Q4 24
267.8%
2.1%
Q3 24
90.3%
2.4%
Q2 24
125.4%
2.6%
Q1 24
95.0%
2.9%
Cash Conversion
APLD
APLD
TR
TR
Q4 25
2.55×
Q3 25
1.74×
Q2 25
-0.49×
Q1 25
0.20×
Q4 24
3.06×
Q3 24
1.87×
Q2 24
-0.81×
Q1 24
1.35×

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%

TR
TR

Products$194.3M99%
Rental And Royalty$1.9M1%

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