WULF vs SIFY vs APLD Stock Comparison

Terawulf, Sify Technologies and Applied Digital Prices as of Oct 29, 2026 Peers: Industry group
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WULF Terawulf Inc.
$12.75 -15.5% 1M -12.1% 1Y
Market cap
$6.36B
P/E
–
Revenue (TTM)
$165.19M
Div. yield
–
Data Centers Technology
1 win
SIFY Sify Technologies Ltd
$12.63 -4.8% 1M -1.8% 1Y
Market cap
$914.85M
P/E
–
Revenue (TTM)
$409.85M
Div. yield
–
Data Centers Technology
5 wins
APLD Applied Digital Corp.
$19.41 -23.6% 1M -43.6% 1Y
Market cap
$5.77B
P/E
–
Revenue (TTM)
$853.85M
Div. yield
–
Data Centers Technology
3 wins

Head to Head

9 decided of 12

Sify Technologies leads on 5 of the 12 questions below (Sify Technologies 5, Applied Digital 3, Terawulf 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionWULFSIFYAPLDLeader
Larger companyMarket capitalisation $6.36B $914.85M $5.77B WULF
Cheaper on earningsLower P/E, profitable companies only -3.2x -50.3x -12.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 631.5x — –
Faster revenue growthRevenue growth, trailing twelve months +4.1% +13.9% +286.2% APLD
More profitableNet margin, trailing twelve months -1,179.9% -4.4% -54.9% SIFY
Better return on capitalReturn on invested capital -9.2% 5.2% -4.1% SIFY
Less leveragedLower net debt / EBITDA -8.4x -6.0x -18.4x APLD
Higher dividend yieldTrailing dividend yield 0.00% 0.00% — –
Better 1-year returnPrice return, last 12 months -12.1% -1.8% -43.6% SIFY
Better 5-year returnAnnualised price return, 5 years -13.7%/yr -10.0%/yr -7.2%/yr APLD
Less volatileAnnualised volatility, 1 year 91.3% 59.1% 101.5% SIFY
Higher overall scoreMean of the five percentile scores vs peers 12/100 52/100 35/100 SIFY

Percentile Scorecard

WULFSIFYAPLD

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisWULFSIFYAPLD
Valuation 3 #37 of 38 62 #15 of 38 30 #27 of 38
Growth 6 #34 of 36 34 #24 of 36 51 #18 of 36
Profitability 6 #32 of 34 61 #14 of 34 30 #24 of 34
Financial Health 28 #27 of 37 – 42 #22 of 37
Shareholder Returns 16 #17 of 20 – 21 #16 of 20
Overall 12 52 35
  • WULF ranked among 39 companies in Cloud Computing
  • SIFY ranked among 39 companies in Cloud Computing
  • APLD ranked among 39 companies in Cloud Computing

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodWULFSIFYAPLDSPY
1 month -15.5%-4.8%-23.6% +0.7%
3 months -28.5%-13.4%-30.6% +3.7%
6 months -41.3%-18.0%-43.3% +7.1%
Year to date +11.0%+3.6%-20.8% +12.8%
1 year -12.1%-1.8%-43.6% +11.9%
3 years +1,038.4%+38.5%+323.8% +85.2%
3 years, per year +125.1%+11.5%+61.9% +22.8%
5 years -52.1%-40.9%-31.0% +67.6%
5 years, per year -13.7%-10.0%-7.2% +10.9%
10 years +20.1%+100.5%+17,107.4% +262.0%
10 years, per year +1.8%+7.2%+67.3% +13.7%

Risk

MeasureWULFSIFYAPLDSPY
Volatility, 1Y 91.3%59.1%101.5% 12.7%
Downside volatility, 1Y 89.5%61.4%95.3% 12.6%
Beta vs S&P 500, 1Y 3.732.144.45 1.00
Return / volatility, 1Y -0.13-0.03-0.43 0.94
Max drawdown, 5Y -98.7%-91.8%-97.0% -25.4%
From 52-week high -56.0%-26.7%-60.9% -1.2%
52-week high $28.98$17.24$49.65 $779.14
52-week low $10.99$10.37$17.83 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleWULFSIFYAPLD
P/E now vs peer median -3.2xmedian 27.6x -50.3xmedian 27.6x -12.1xmedian 27.6x
P/S now vs peer median 38.5xmedian 4.6x 2.2xmedian 4.6x 6.8xmedian 4.6x
EV/EBITDA now vs peer median -28.9xmedian 25.6x -15.1xmedian 25.6x -49.4xmedian 25.6x
P/FCF now vs peer median -2.3xmedian 15.4x —median 15.4x -1.3xmedian 15.4x
P/B now vs peer median 43.1xmedian 4.1x 4.6xmedian 4.1x 3.6xmedian 4.1x
PEG now vs peer median 0.03median 0.80 0.86median 0.80 0.26median 0.80

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsWULFSIFYAPLD
Revenue $165.19M $409.85M $853.85M
Gross profit $114.42M $210.86M $273.30M
Operating income -$413.59M $43.70M -$303.82M
Net income -$1.95B -$18.30M -$351.47M
Free cash flow -$2.74B – -$4.46B
EPS (diluted) $-4.01 $-0.25 $-1.61
Cash & equivalents $2.62B $61.09M $2.95B
Total debt $5.21B $665.30M $6.38B
Shares (diluted) 485.73M 72.46M 291.56M
Enterprise value -$2.87B $716.90M -$408.83M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricWULFSIFYAPLD
P/E -3.2x -50.3x -12.1x
P/FCF -2.3x – -1.3x
P/Operating cash flow -22.8x – 24.5x
P/S 38.5x 2.2x 6.8x
P/B 43.1x 4.6x 3.6x
P/Tangible book 43.2x 4.6x 3.6x
EV/EBITDA -28.9x -15.1x -49.4x
EV/EBIT -21.7x 34.8x -30.3x
EV/Revenue 54.2x 3.7x 10.8x
EV/FCF -3.3x – -2.1x
EV/Operating cash flow -32.1x – 39.1x
PEG (3Y EPS CAGR) 0.03 0.86 0.26

Growth

14 metrics
MetricWULFSIFYAPLD
Revenue growth (1Y) 4.1% 13.9% 286.2%
Revenue CAGR (3Y) 59.9% -64.4% 115.9%
Gross profit growth (1Y) 47.3% 13.8% 653.6%
Gross profit CAGR (3Y) 79.3% 63.9% 134.2%
Operating income growth (1Y) -190.5% 75.2% -254.9%
Operating income CAGR (3Y) -114.6% -5.8% -87.5%
Net income growth (1Y) -942.8% 22.2% -44.2%
Net income CAGR (3Y) -166.8% -88.4% -88.1%
EPS growth (1Y) -728.9% 33.6% -66.0%
EPS CAGR (3Y) -101.1% -58.6% -46.3%
Operating cash flow growth (1Y) -350.5% – 294.3%
Operating cash flow CAGR (3Y) -141.4% – 72.3%
Free cash flow growth (1Y) -508.0% – -346.5%
Free cash flow CAGR (3Y) -276.0% – -272.4%

Profitability

14 metrics
MetricWULFSIFYAPLD
Gross margin 69.3% 51.4% 32.0%
EBITDA margin -187.4% -24.6% -21.8%
Operating margin -250.4% 10.7% -35.6%
Pretax margin -1,164% 6.6% -40.2%
Net margin -1,180% -4.4% -54.9%
FCF margin -1,656% – -521.8%
Operating cash flow margin -169.0% – 27.5%
Return on equity -5,567% -9.1% -21.1%
Return on assets -25.8% – -3.2%
Return on invested capital -9.2% 5.2% -4.1%
Return on capital employed -11.0% – -3.3%
Asset turnover 0.0x – 0.1x
Cash conversion (OCF / net income) 0.1x – -0.7x
Stock comp / revenue 118.8% – 31.8%

Financial Health

11 metrics
MetricWULFSIFYAPLD
Debt / assets 64.8% – 54.5%
Debt / equity 35.3x 3.3x 4.0x
Net debt / EBITDA -8.4x -6.0x -18.4x
Debt / FCF -1.9x – -1.4x
Liabilities / assets 98.2% – 86.3%
Equity / assets 1.8% – 13.7%
Interest coverage -2.1x 5.4x -3.1x
Current ratio 0.7x – 2.6x
Quick ratio 0.7x – 1.9x
Cash ratio 0.7x – 1.9x
Altman Z-score -0.22 – 0.48

Shareholder Returns

7 metrics
MetricWULFSIFYAPLD
Dividend yield – – –
Net buyback yield -19.1% – -16.0%
Shareholder yield -19.1% 0.0% -16.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusWULFSIFYAPLD
Forward P/E – 631.5xFY2026 –
EPS, next fiscal year $-3.04FY2026 $0.02FY2026 $-1.69FY2026
EPS growth, the year after – +150.0% –
Revenue, next fiscal year $247.09MFY2026 $765.58MFY2026 $1.00BFY2026
Revenue growth, next FY +46.6%FY2026 +8.7%FY2026 +64.0%FY2026
Revenue growth, the year after +255.6% +30.6% +87.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersWULFSIFYAPLD
Held by institutions 79.4% 4.6% 74.5%
Institutions holding 495 42 565
Change in shares held, QoQ +25.2% +2.8% +8.6%
Institutions buying 307 27 340
Institutions selling 137 4 164
Buyers to sellers 2.24 6.75 2.07

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

WULFSIFYAPLD
WULF 1.00 0.36 0.77
SIFY 0.36 1.00 0.36
APLD 0.77 0.36 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, WULF, SIFY and APLD?

Terawulf (WULF) is the largest by market capitalisation: Terawulf (WULF) $6.36B, Sify Technologies (SIFY) $914.85M, Applied Digital (APLD) $5.77B.

Which company is growing faster?

Applied Digital (APLD) grew revenue fastest over the trailing twelve months: Terawulf (WULF) +4.1%, Sify Technologies (SIFY) +13.9%, Applied Digital (APLD) +286.2%.

Which company is more profitable?

Sify Technologies (SIFY) has the highest net margin (Terawulf (WULF) -1,179.9%, Sify Technologies (SIFY) -4.4%, Applied Digital (APLD) -54.9%). On return on invested capital, Sify Technologies (SIFY) leads (Terawulf (WULF) -9.2%, Sify Technologies (SIFY) 5.2%, Applied Digital (APLD) -4.1%).

Which stock has performed better?

Over the past year Sify Technologies (SIFY) returned the most: Terawulf (WULF) -12.1%, Sify Technologies (SIFY) -1.8%, Applied Digital (APLD) -43.6%. Over five years, Applied Digital (APLD) compounded fastest (Terawulf (WULF) -13.7%/yr, Sify Technologies (SIFY) -10.0%/yr, Applied Digital (APLD) -7.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Sify Technologies (SIFY) has been the steadiest (Terawulf (WULF) 91.3%, Sify Technologies (SIFY) 59.1%, Applied Digital (APLD) 101.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, WULF, SIFY and APLD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Sify Technologies (SIFY) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.