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 121.10%/yr vs -22.58%/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 36.62% return, which is significantly lower than BW's 83.18% return. Over the past 10 years, APLD has outperformed BW with an annualized return of 121.10%, while BW has yielded a comparatively lower -22.58% annualized return.
APLD
- 1D
- 1.33%
- 1M
- -15.45%
- 6M
- 10.93%
- YTD
- 36.62%
- 1Y
- 220.57%
- 3Y*
- 58.77%
- 5Y*
- 79.45%
- 10Y*
- 121.10%
BW
- 1D
- -3.58%
- 1M
- -29.01%
- 6M
- 77.57%
- YTD
- 83.18%
- 1Y
- 1,027.51%
- 3Y*
- 24.28%
- 5Y*
- 9.67%
- 10Y*
- -22.58%
APLD vs. BW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APLD Applied Digital Corporation | 36.62% | 220.94% | 13.35% | 266.30% | -56.09% | 11,789.90% | 389.44% | -34.55% | 64.99% | -33.33% |
BW Babcock & Wilcox Enterprises, Inc. | 83.18% | 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 | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
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:
$9.57B
BW:
$1.29B
APLD:
-$0.72
BW:
-$0.79
APLD:
22.71
BW:
2.02
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 | -6.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.58 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | 22.17 | -17.75 |
| Martin ratioReturn relative to average drawdown | 10.63 | 72.19 | -61.56 |
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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% | -46.85% | -3.46% |
Max Drawdown (3Y)Largest decline over 3 years | -76.66% | -95.93% | +19.27% |
Max Drawdown (5Y)Largest decline over 5 years | -82.61% | -97.39% | +14.78% |
Max Drawdown (10Y)Largest decline over 10 years | -89.80% | -99.85% | +10.05% |
Current DrawdownCurrent decline from peak | -32.53% | -95.09% | +62.56% |
Average DrawdownAverage peak-to-trough decline | -74.66% | -82.85% | +8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.91% | 14.36% | +6.55% |
Volatility
APLD vs. BW - Volatility Comparison
The current volatility for Applied Digital Corporation (APLD) is 22.03%, while Babcock & Wilcox Enterprises, Inc. (BW) has a volatility of 26.88%. This indicates that APLD experiences smaller price fluctuations and is considered to be less risky 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 | 22.03% | 26.88% | -4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 75.71% | 89.03% | -13.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.79% | 127.81% | -21.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 164.81% | 110.52% | +54.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 301.68% | 108.26% | +193.42% |
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 3.59%.
| Position | TTM |
|---|---|
APLD Applied Digital Corporation | 0.00% |
BW Babcock & Wilcox Enterprises, Inc. | 3.59% |
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 Jul 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 Jul 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 Jul 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 Jul 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 Jul 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 Jul 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.
BW has higher volatility (26.88%) compared to APLD (22.03%). In terms of maximum drawdown, APLD dropped -99.73% vs BW's -99.89%.
BW currently has the higher Sharpe Ratio (8.14 vs 2.08), 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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