Applied Digital (APLD) FCF Margin (2022 - 2026)
Applied Digital's (APLD) quarterly FCF Margin came in at 446.97% in Q2 2026, down 7222.0% on a YoY basis from 6.28% in Q2 2025, and up 21.41% quarter-over-quarter from 568.71% in Q1 2026.
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Applied Digital (APLD) FCF Margin (2022 - 2026) Analysis & Trends
Applied Digital (APLD) has reported FCF Margin for 5 consecutive years, with 446.97% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin fell 7222.0% year-over-year to 446.97%; the trailing twelve-month figure through May 2026 stood at 481.8% (down 2639.0% YoY), and the FY2026 full-year result was 454.12%, down 10543.0% from the prior year.
- FCF Margin advanced to 446.97% in Q2 2026 per APLD's latest filing, from 568.71% in the prior quarter.
- Across five years, FCF Margin topped out at 1.82% in Q1 2023 and bottomed at 1556.73% in Q1 2022.
- Historically, FCF Margin has averaged 364.04% across 5 years, with a median of 331.91% in 2025.
- The sharpest annual moves came in 2023 and 2024: FCF Margin surged 155854 bps in 2023, then sank 47461 bps in 2024.
- Over 5 years, FCF Margin stood at 226.47% in 2022, then surged by 91 bps to 20.61% in 2023, then sank by 2069 bps to 447.06% in 2024, then decreased by 0 bps to 448.63% in 2025, then climbed by 0 bps to 446.97% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 446.97%, 568.71%, and 448.63% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn | -19.47% |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn | -2,216.52% |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn | -446.97% |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn | -2,632.52% |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn | 45.70% |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn | -355.63% |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn | 62.09% |
| 8 | Sify Technologies | 1.56 Bn | 1.56 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 758.96 Mn | 698.59 Mn | 18.88 Mn | - |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | -128.24% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | -446.97% |
| Feb 28, 2026 | -568.71% |
| Nov 30, 2025 | -448.63% |
| Aug 31, 2025 | -516.14% |
| May 31, 2025 | -374.75% |
| Feb 28, 2025 | -475.42% |
| Nov 30, 2024 | -447.06% |
| Aug 31, 2024 | -551.90% |
| May 31, 2024 | -203.47% |
| Feb 29, 2024 | -5.36% |
| Nov 30, 2023 | -20.61% |
| Aug 31, 2023 | -77.29% |
| May 31, 2023 | -138.27% |
| Feb 28, 2023 | 1.82% |
| Nov 30, 2022 | -226.47% |
| Aug 31, 2022 | -207.67% |
| May 31, 2022 | -289.07% |
| Feb 28, 2022 | -1,556.73% |