Applied Digital (APLD) Return on Invested Capital [ROIC] (2022 - 2026)
Applied Digital (APLD) posted Return on Invested Capital [ROIC] of -4.14% for fiscal Q1 2027 (quarter ended Aug 31, 2026), up 1.73 percentage points from -5.87% a year earlier and up 0.44 percentage points from the prior quarter.
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Analysis
Applied Digital (APLD) Return on Invested Capital [ROIC] (2022 - 2026) Analysis & Trends
For FY2026 (ended May 31, 2026), Applied Digital's Return on Invested Capital [ROIC] came in at -6.00%, up 4.31 percentage points from FY2025.
- Annual Return on Invested Capital [ROIC] shows a four-year change of +42.59 percentage points (FY2022 to FY2026).
- In prior fiscal years, Applied Digital's Return on Invested Capital [ROIC] was -10.31% in FY2025 (+44.25 pp), -54.56% in FY2024 (-18.09 pp), -36.47% in FY2023 (+12.12 pp) and -48.59% in FY2022.
- Quarterly Return on Invested Capital [ROIC] has run from a low of -54.14% in fiscal Q4 2022 to a high of -3.32% in fiscal Q3 2025 over five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] increased in six of the last eight quarters, with an average year-over-year change of +14.42 percentage points.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was fiscal Q4 2025, with a gain of 47.82 percentage points; the weakest was fiscal Q4 2024, with a drop of 17.01 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior fiscal quarters was -4.58% (Q4 2026), -4.09% (Q3 2026) and -3.59% (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,964.86 Bn | 3,888.01 Bn | 60.48 Bn | 26.70% |
| 2 | International Business Machines | 222.38 Bn | 173.19 Bn | 9.91 Bn | 11.34% |
| 3 | Cloudflare | 105.62 Bn | 89.15 Bn | 499.52 Mn | -12.36% |
| 4 | Equinix | 96.25 Bn | 84.81 Bn | 1.40 Bn | 5.64% |
| 5 | Nebius | 41.41 Bn | 14.84 Bn | 448.70 Mn | -3.32% |
| 6 | CoreWeave | 33.73 Bn | 20.82 Bn | 1.70 Bn | -1.20% |
| 7 | Verisign | 27.82 Bn | 25.04 Bn | 384.60 Mn | - |
| 8 | Nutanix | 18.15 Bn | 9.84 Bn | 651.35 Mn | - |
| 9 | GoDaddy | 13.94 Bn | 9.52 Bn | 828.20 Mn | 25.51% |
| 10 | Applied Digital | 5.62 Bn | -2.57 Bn | 96.17 Mn | -4.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | -4.14% |
| May 31, 2026 | -4.58% |
| Feb 28, 2026 | -4.09% |
| Nov 30, 2025 | -3.59% |
| Aug 31, 2025 | -5.87% |
| May 31, 2025 | -4.34% |
| Feb 28, 2025 | -3.32% |
| Nov 30, 2024 | -11.16% |
| Aug 31, 2024 | -23.07% |
| May 31, 2024 | -52.16% |
| Feb 29, 2024 | -41.86% |
| Nov 30, 2023 | -14.64% |
| Aug 31, 2023 | -28.67% |
| May 31, 2023 | -35.16% |
| Feb 28, 2023 | -44.91% |
| Nov 30, 2022 | -40.81% |
| Aug 31, 2022 | -13.72% |
| May 31, 2022 | -54.14% |
API Access
Applied Digital Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=APLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "APLD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=APLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();