APLD vs. BW
APLD (Applied Digital Corporation) and BW (Babcock & Wilcox Enterprises, Inc.) are both stocks. APLD operates in Information Technology Services (Technology), while BW operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, APLD returned 128.36%/yr vs -22.04%/yr for BW. At a 0.15 correlation, their price movements are largely independent.
Performance
APLD vs. BW - Performance Comparison
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Returns By Period
In the year-to-date period, APLD achieves a 88.70% return, which is significantly lower than BW's 169.10% return. Over the past 10 years, APLD has outperformed BW with an annualized return of 128.36%, while BW has yielded a comparatively lower -22.04% annualized return.
APLD
- 1D
- -0.43%
- 1M
- 8.72%
- YTD
- 88.70%
- 6M
- 90.88%
- 1Y
- 300.61%
- 3Y*
- 72.91%
- 5Y*
- 107.95%
- 10Y*
- 128.36%
BW
- 1D
- 1.84%
- 1M
- -21.92%
- YTD
- 169.10%
- 6M
- 223.12%
- 1Y
- 1,524.86%
- 3Y*
- 38.15%
- 5Y*
- 16.89%
- 10Y*
- -22.04%
APLD vs. BW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APLD Applied Digital Corporation | 88.70% | 220.94% | 13.35% | 266.30% | -56.09% | 11,789.90% | 389.44% | -34.55% | 64.99% | -33.33% |
BW Babcock & Wilcox Enterprises, Inc. | 169.10% | 286.59% | 12.33% | -74.70% | -36.03% | 156.98% | -3.57% | -6.76% | -93.13% | -65.76% |
Correlation
The correlation between APLD and BW is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2015 | 0.15 |
Over the past year, APLD and BW have become more correlated (0.40) than their long-term average of 0.15, meaning their price movements have been converging.
Fundamentals
APLD:
$12.57B
BW:
$2.22B
APLD:
-$0.72
BW:
-$0.83
APLD:
31.36
BW:
2.84
APLD:
$390.57M
BW:
$668.48M
APLD:
$124.93M
BW:
$121.68M
APLD:
-$154.66M
BW:
-$41.40M
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Return for Risk
APLD vs. BW — Risk / Return Rank
APLD
BW
APLD vs. BW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Digital Corporation (APLD) and Babcock & Wilcox Enterprises, Inc. (BW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| APLD | BW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.67 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 6.02 | 45.77 | -39.75 |
| Martin ratioReturn relative to average drawdown | 14.73 | 123.06 | -108.33 |
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Drawdowns
APLD vs. BW - Drawdown Comparison
The maximum APLD drawdown since its inception was -99.73%, roughly equal to the maximum BW drawdown of -99.89%. Use the drawdown chart below to compare losses from any high point for APLD and BW.
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Drawdown Indicators
| APLD | BW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.73% | -99.89% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -50.31% | -33.71% | -16.60% |
Max Drawdown (3Y)Largest decline over 3 years | -76.66% | -96.03% | +19.37% |
Max Drawdown (5Y)Largest decline over 5 years | -82.61% | -97.39% | +14.78% |
Max Drawdown (10Y)Largest decline over 10 years | -89.80% | -99.87% | +10.07% |
Current DrawdownCurrent decline from peak | -6.81% | -92.79% | +85.98% |
Average DrawdownAverage peak-to-trough decline | -74.83% | -82.80% | +7.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.71% | 12.60% | +8.11% |
Volatility
APLD vs. BW - Volatility Comparison
Applied Digital Corporation (APLD) has a higher volatility of 32.78% compared to Babcock & Wilcox Enterprises, Inc. (BW) at 25.47%. This indicates that APLD's price experiences larger fluctuations and is considered to be riskier than BW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APLD | BW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.78% | 25.47% | +7.31% |
Volatility (6M)Calculated over the trailing 6-month period | 80.24% | 89.10% | -8.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.79% | 126.60% | -19.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 165.05% | 110.23% | +54.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 301.55% | 108.28% | +193.27% |
Dividends
APLD vs. BW - Dividend Comparison
APLD has not paid dividends to shareholders, while BW's dividend yield for the trailing twelve months is around 2.44%.
| Position | TTM |
|---|---|
APLD Applied Digital Corporation | 0.00% |
BW Babcock & Wilcox Enterprises, Inc. | 2.44% |
Financials
APLD vs. BW - Financials Comparison
This section allows you to compare key financial metrics between Applied Digital Corporation and Babcock & Wilcox Enterprises, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
APLD vs. BW - Profitability Comparison
APLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Digital Corporation reported a gross profit of 82.52M and revenue of 161.76M. Therefore, the gross margin over that period was 51.0%.
BW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Babcock & Wilcox Enterprises, Inc. reported a gross profit of 0.00 and revenue of 214.41M. Therefore, the gross margin over that period was 0.0%.
APLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Digital Corporation reported an operating income of -62.13M and revenue of 161.76M, resulting in an operating margin of -38.4%.
BW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Babcock & Wilcox Enterprises, Inc. reported an operating income of -79.62M and revenue of 214.41M, resulting in an operating margin of -37.1%.
APLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Digital Corporation reported a net income of -104.11M and revenue of 161.76M, resulting in a net margin of -64.4%.
BW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Babcock & Wilcox Enterprises, Inc. reported a net income of -80.66M and revenue of 214.41M, resulting in a net margin of -37.6%.
Frequently Asked Questions
APLD and BW have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APLD has higher volatility (32.78%) compared to BW (25.47%). In terms of maximum drawdown, APLD dropped -99.73% vs BW's -99.89%.
BW currently has the higher Sharpe Ratio (12.19 vs 2.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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