Applied Digital (APLD) Price to FCF (2021 - 2026)
Applied Digital's (APLD) quarterly Price to FCF came in at 11.77 in Q2 2026, down 46.65% on a YoY basis from 22.06 in Q2 2025, and down 8.91% quarter-over-quarter from 10.81 in Q1 2026.
Analysis
Applied Digital (APLD) Price to FCF (2021 - 2026) Analysis & Trends
Applied Digital (APLD) has reported Price to FCF for 6 consecutive years, with 11.77 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Price to FCF fell 46.65% year-over-year to 11.77; the trailing twelve-month figure through May 2026 stood at 4.9 (down 154.39% YoY), and the FY2026 full-year result was 4.9, down 154.39% from the prior year.
- Price to FCF declined to 11.77 in Q2 2026 per APLD's latest filing, from 10.81 in the prior quarter.
- Across five years, Price to FCF topped out at 977.91 in Q1 2023 and bottomed at 218.51 in Q1 2024.
- Historically, Price to FCF has averaged 27.16 across 5 years, with a median of 12.84 in 2022.
- The widest YoY moves for Price to FCF: up 2693.17% in 2023, down 864.08% in 2023.
- Over 5 years, Price to FCF stood at 6.56 in 2022, then slumped by 864.08% to 63.2 in 2023, then soared by 78.59% to 13.53 in 2024, then grew by 1.56% to 13.32 in 2025, then advanced by 11.63% to 11.77 in 2026.
- According to Business Quant data, Price to FCF over the past three periods registered 11.77, 10.81, and 13.32 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn |
| 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 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | -11.77 |
| Feb 28, 2026 | -10.81 |
| Nov 30, 2025 | -13.32 |
| Aug 31, 2025 | -12.98 |
| May 31, 2025 | -8.03 |
| Feb 28, 2025 | -7.13 |
| Nov 30, 2024 | -13.53 |
| Aug 31, 2024 | -2.99 |
| May 31, 2024 | -5.43 |
| Feb 29, 2024 | -218.51 |
| Nov 30, 2023 | -63.20 |
| Aug 31, 2023 | -22.77 |
| May 31, 2023 | -26.35 |
| Feb 28, 2023 | 977.91 |
| Nov 30, 2022 | -6.56 |
| Aug 31, 2022 | -15.30 |
| May 31, 2022 | -12.69 |
| Feb 28, 2022 | -37.71 |
| Nov 30, 2021 | -577.77 |
| Aug 31, 2021 | -77.27 |