SMCI vs. APLD

Last updated Apr 1, 2026

Compare and contrast key facts about Super Micro Computer, Inc. (SMCI) and Applied Digital Corporation (APLD).

Performance

SMCI vs. APLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Super Micro Computer, Inc. (SMCI) and Applied Digital Corporation (APLD). The values are adjusted to include any dividend payments, if applicable.

SMCI vs. APLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMCI Super Micro Computer, Inc.	-22.21%	-3.97%	7.23%	246.24%	86.80%	38.82%	31.81%	74.06%	-34.07%	-25.38%
APLD Applied Digital Corporation	-3.18%	220.94%	13.35%	266.30%	-92.68%	11,789.90%	389.44%	-34.55%	64.99%	-33.33%

Fundamentals

Market Cap SMCI : $15.35B APLD : $6.33B
EPS SMCI : $1.33 APLD : -$0.51
PS Ratio SMCI : 0.53 APLD : 20.33
PB Ratio SMCI : 2.20 APLD : 4.37
Total Revenue (TTM) SMCI : $28.06B APLD : $281.74M
Gross Profit (TTM) SMCI : $2.25B APLD : $46.19M
EBITDA (TTM) SMCI : $782.10M APLD : -$49.02M

Returns By Period

In the year-to-date period, SMCI achieves a -22.21% return, which is significantly lower than APLD's -3.18% return. Over the past 10 years, SMCI has underperformed APLD with an annualized return of 20.77%, while APLD has yielded a comparatively higher 75.92% annualized return.

SMCI

• 1D: 8.12%
• 1M: -29.70%
• YTD: -22.21%
• 6M: -52.50%
• 1Y: -33.50%
• 3Y*: 28.81%
• 5Y*: 41.89%
• 10Y*: 20.77%

APLD

• 1D: 15.55%
• 1M: -12.94%
• YTD: -3.18%
• 6M: 3.49%
• 1Y: 322.42%
• 3Y*: 119.66%
• 5Y*: 76.65%
• 10Y*: 75.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SMCI vs. APLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SMCI

SMCI Risk / Return Rank: 26
SMCI Sharpe Ratio Rank: 23
SMCI Sortino Ratio Rank: 28
SMCI Omega Ratio Rank: 27
SMCI Calmar Ratio Rank: 26
SMCI Martin Ratio Rank: 24

APLD

APLD Risk / Return Rank: 94
APLD Sharpe Ratio Rank: 95
APLD Sortino Ratio Rank: 93
APLD Omega Ratio Rank: 90
APLD Calmar Ratio Rank: 96
APLD Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SMCI vs. APLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Super Micro Computer, Inc. (SMCI) and Applied Digital Corporation (APLD). 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.

	SMCI	APLD	Difference
Sharpe ratio Return per unit of total volatility	-0.42	2.57	-3.00
Sortino ratio Return per unit of downside risk	-0.14	3.14	-3.28
Omega ratio Gain probability vs. loss probability	0.98	1.39	-0.41
Calmar ratio Return relative to maximum drawdown	-0.51	6.26	-6.77
Martin ratio Return relative to average drawdown	-1.02	14.46	-15.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMCI vs. APLD - Sharpe Ratio Comparison

The current SMCI Sharpe Ratio is -0.42, which is lower than the APLD Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of SMCI and APLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SMCI	APLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.42	2.57	-3.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.41	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.33	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.04	+0.26

Correlation

The correlation between SMCI and APLD is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SMCI vs. APLD - Dividend Comparison

Neither SMCI nor APLD has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

SMCI vs. APLD - Drawdown Comparison

The maximum SMCI drawdown since its inception was -84.84%, smaller than the maximum APLD drawdown of -99.70%. Use the drawdown chart below to compare losses from any high point for SMCI and APLD.

Drawdown Indicators

	SMCI	APLD	Difference
Max Drawdown Largest peak-to-trough decline	-84.84%	-99.70%	+14.86%
Max Drawdown (1Y) Largest decline over 1 year	-66.18%	-50.31%	-15.87%
Max Drawdown (5Y) Largest decline over 5 years	-84.84%	-97.10%	+12.26%
Max Drawdown (10Y) Largest decline over 10 years	-84.84%	-97.10%	+12.26%
Current Drawdown Current decline from peak	-80.83%	-42.59%	-38.24%
Average Drawdown Average peak-to-trough decline	-31.55%	-84.03%	+52.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.00%	21.79%	+11.21%

Volatility

SMCI vs. APLD - Volatility Comparison

Super Micro Computer, Inc. (SMCI) has a higher volatility of 45.06% compared to Applied Digital Corporation (APLD) at 32.29%. This indicates that SMCI's price experiences larger fluctuations and is considered to be riskier than APLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMCI	APLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	45.06%	32.29%	+12.77%
Volatility (6M) Calculated over the trailing 6-month period	62.48%	77.82%	-15.34%
Volatility (1Y) Calculated over the trailing 1-year period	79.48%	126.27%	-46.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.60%	187.90%	-104.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.70%	295.81%	-226.11%

Financials

SMCI vs. APLD - Profitability Comparison

The chart below illustrates the profitability comparison between Super Micro Computer, Inc. and Applied Digital Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SMCI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Super Micro Computer, Inc. reported a gross profit of 798.57M and revenue of 12.68B. Therefore, the gross margin over that period was 6.3%.

APLD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Applied Digital Corporation reported a gross profit of 26.04M and revenue of 126.59M. Therefore, the gross margin over that period was 20.6%.

SMCI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Super Micro Computer, Inc. reported an operating income of 474.30M and revenue of 12.68B, resulting in an operating margin of 3.7%.

APLD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Applied Digital Corporation reported an operating income of -30.96M and revenue of 126.59M, resulting in an operating margin of -24.5%.

SMCI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Super Micro Computer, Inc. reported a net income of 400.56M and revenue of 12.68B, resulting in a net margin of 3.2%.

APLD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Applied Digital Corporation reported a net income of -17.51M and revenue of 126.59M, resulting in a net margin of -13.8%.