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Applied Digital Corp.（APLD）与MERCANTILE BANK CORP（MBWM）财务数据对比。点击上方公司名可切换其他公司
Applied Digital Corp.的季度营收约是MERCANTILE BANK CORP的1.9倍（$126.6M vs $67.6M），MERCANTILE BANK CORP净利率更高（33.6% vs -11.4%，领先45.0%），过去两年Applied Digital Corp.的营收复合增速更高（70.9% vs 9.1%）
BAE系统旗下的国际防务与安全技术企业，专注于提供数字化解决方案，支持客户快速开展数据驱动决策，服务覆盖执法机构、国家安全部门、政府单位、关键基础设施运营商、电信企业、军方及航天领域。
泰米尔纳德商业银行（TMB）是一家印度银行，总部位于泰米尔纳德邦杜蒂戈林。该行始建于1921年，最初名为纳达尔银行，1962年11月更名为泰米尔纳德商业银行，以拓展纳达尔社群以外的业务。目前该银行在印度全境拥有600家全功能网点、12个区域办事处及各类配套服务中心与自助设施。
APLD vs MBWM — 直观对比
营收规模更大
APLD
是对方的1.9倍
$67.6M
净利率更高
MBWM
高出45.0%
-11.4%
两年增速更快
APLD
近两年复合增速
9.1%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $126.6M | $67.6M |
| 净利润 | $-14.4M | $22.7M |
| 毛利率 | 20.6% | — |
| 营业利润率 | -24.5% | — |
| 净利率 | -11.4% | 33.6% |
| 营收同比 | 98.2% | — |
| 净利润同比 | 89.6% | 16.1% |
| 每股收益（稀释后） | $-0.07 | $1.32 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APLDMBWM
| Q1 26 | — | $67.6M | ||
| Q4 25 | $126.6M | $62.1M | ||
| Q3 25 | $64.2M | $62.4M | ||
| Q2 25 | $-33.3M | $60.9M | ||
| Q1 25 | $52.9M | $57.3M | ||
| Q4 24 | $63.9M | $58.5M | ||
| Q3 24 | $60.7M | $58.0M | ||
| Q2 24 | $43.7M | $56.8M |
净利润APLDMBWM
| Q1 26 | — | $22.7M | ||
| Q4 25 | $-14.4M | $22.8M | ||
| Q3 25 | $-16.9M | $23.8M | ||
| Q2 25 | $-52.5M | $22.6M | ||
| Q1 25 | $-35.6M | $19.5M | ||
| Q4 24 | $-138.7M | $19.6M | ||
| Q3 24 | $-4.2M | $19.6M | ||
| Q2 24 | $-64.5M | $18.8M |
毛利率APLDMBWM
| Q1 26 | — | — | ||
| 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% | — |
营业利润率APLDMBWM
| Q1 26 | — | — | ||
| Q4 25 | -24.5% | 42.0% | ||
| Q3 25 | -34.7% | 44.0% | ||
| Q2 25 | — | 42.6% | ||
| Q1 25 | -35.8% | 42.0% | ||
| Q4 24 | -29.1% | 39.7% | ||
| Q3 24 | 15.6% | 42.4% | ||
| Q2 24 | -68.4% | 41.4% |
净利率APLDMBWM
| Q1 26 | — | 33.6% | ||
| Q4 25 | -11.4% | 36.8% | ||
| Q3 25 | -26.4% | 38.1% | ||
| Q2 25 | 157.8% | 37.1% | ||
| Q1 25 | -67.2% | 34.1% | ||
| Q4 24 | -217.2% | 33.5% | ||
| Q3 24 | -7.0% | 33.8% | ||
| Q2 24 | -147.5% | 33.1% |
每股收益（稀释后）APLDMBWM
| Q1 26 | — | $1.32 | ||
| Q4 25 | $-0.07 | $1.41 | ||
| Q3 25 | $-0.07 | $1.46 | ||
| Q2 25 | $-0.31 | $1.39 | ||
| Q1 25 | $-0.16 | $1.21 | ||
| Q4 24 | $-0.66 | $1.20 | ||
| Q3 24 | $-0.03 | $1.22 | ||
| Q2 24 | $-0.57 | $1.17 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.9B | — |
| 总债务越低越好 | — | $1.5M |
| 股东权益账面价值 | $1.4B | $736.9M |
| 总资产 | $5.2B | $6.9B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资APLDMBWM
| Q1 26 | — | — | ||
| 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 | — |
总债务APLDMBWM
| Q1 26 | — | $1.5M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APLDMBWM
| Q1 26 | — | $736.9M | ||
| Q4 25 | $1.4B | $724.9M | ||
| Q3 25 | $1.0B | $657.6M | ||
| Q2 25 | $497.7M | $631.5M | ||
| Q1 25 | $454.6M | $608.3M | ||
| Q4 24 | $434.6M | $584.5M | ||
| Q3 24 | $241.8M | $583.3M | ||
| Q2 24 | $124.8M | $551.2M |
总资产APLDMBWM
| Q1 26 | — | $6.9B | ||
| Q4 25 | $5.2B | $6.8B | ||
| Q3 25 | $2.4B | $6.3B | ||
| Q2 25 | $1.9B | $6.2B | ||
| Q1 25 | $1.7B | $6.1B | ||
| Q4 24 | $1.5B | $6.1B | ||
| Q3 24 | $937.7M | $5.9B | ||
| Q2 24 | $762.9M | $5.6B |
负债/权益比APLDMBWM
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-15.8M | — |
| 自由现金流经营现金流 - 资本支出 | $-567.9M | — |
| 自由现金流率自由现金流/营收 | -448.6% | — |
| 资本支出强度资本支出/营收 | 436.1% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-1.3B | — |
8季度趋势，按日历期对齐
经营现金流APLDMBWM
| Q1 26 | — | — | ||
| Q4 25 | $-15.8M | $18.0M | ||
| Q3 25 | $-82.0M | $23.1M | ||
| Q2 25 | $6.9M | $-7.8M | ||
| Q1 25 | $5.9M | $-3.0M | ||
| Q4 24 | $-52.3M | $101.1M | ||
| Q3 24 | $-75.9M | $-8.1M | ||
| Q2 24 | $-34.1M | $9.1M |
自由现金流APLDMBWM
| Q1 26 | — | — | ||
| Q4 25 | $-567.9M | — | ||
| Q3 25 | $-331.4M | — | ||
| Q2 25 | $-191.4M | — | ||
| Q1 25 | $-251.6M | — | ||
| Q4 24 | $-223.3M | — | ||
| Q3 24 | $-130.7M | — | ||
| Q2 24 | $-88.9M | — |
自由现金流率APLDMBWM
| Q1 26 | — | — | ||
| Q4 25 | -448.6% | — | ||
| Q3 25 | -516.1% | — | ||
| Q2 25 | 574.8% | — | ||
| Q1 25 | -475.4% | — | ||
| Q4 24 | -349.6% | — | ||
| Q3 24 | -215.3% | — | ||
| Q2 24 | -203.5% | — |
资本支出强度APLDMBWM
| Q1 26 | — | — | ||
| Q4 25 | 436.1% | — | ||
| Q3 25 | 388.4% | — | ||
| Q2 25 | -595.4% | — | ||
| Q1 25 | 486.6% | — | ||
| Q4 24 | 267.8% | — | ||
| Q3 24 | 90.3% | — | ||
| Q2 24 | 125.4% | — |
现金转化率APLDMBWM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | -0.35× | ||
| Q1 25 | — | -0.15× | ||
| Q4 24 | — | 5.15× | ||
| Q3 24 | — | -0.41× | ||
| Q2 24 | — | 0.49× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APLD
| HPC Hosting Business | $85.0M | 67% |
| Data Center Hosting Business | $41.6M | 33% |
MBWM
| Net Interest Income | $55.9M | 83% |
| Noninterest Income | $11.7M | 17% |
