COMPARE · Data as of August 21, 2026
APLD vs INOD
Verdict: Side-by-side breakdown using the Bull Rankings model. APLD scored 30.5, INOD scored 79.8 — INOD leads.
Compare another set
APLD
Applied Digital Corporation
30.5
$27.21 · $7.7B
fundamentals as of
Score gap
49.3
INOD leads
INOD
Innodata Inc.
79.8
$64.21 · $2.2B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
- Fastest growthAPLD+167.5%
- Strongest balance sheetINOD0.02
- Highest qualityINOD86 / 100
- Largest discount to fair valueINOD-49%
Side by side · every name on one set of axes
The model, pillar by pillar (0–100 each)
APLD
stronger →← stronger
INOD
13
Qualityreturns · margins · balance sheet
86
100
Growthrevenue & earnings expansion
97
22
Valuevaluation vs sector peers
61
INOD is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
APLD
INOD
-$2.8bF
FCF
$184mC
+167.5%A
Rev
+39.0%A
1.36C
D/E
0.02A-
12.7xC
P/S
—
1.83C+
PEG
0.87B+
—
P/E
49.8xC+
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
APLD
INOD
—
Price vs fair valuelower is cheaper
49% below
—
Growth the price implies10-yr FCF · lower = less priced in
~-2%/yr
—
1-yr DCF upside
+49%
—
5-yr DCF upside
+96%
—
10-yr DCF upside
+192%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
APLD
Why this score
- Diluting shareholders
INOD
Why this score
- Durable high returns
- Diluting shareholders
The companies
APLDApplied Digital Corporation
Why now
Information Technology Services · market cap $7.7b. Down 46% from 52-week high of $50.73 — deep drawdown territory. Revenue growing +167% — in hypergrowth territory. 11 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $74.23 (implying +173% upside).
Moat
Turnaround / out-of-favor name — GAAP-unprofitable for now, so the durability case is forward-looking: it rests on a recovery (margin normalization, a cyclical upturn or restructuring) or an un-monetized asset (IP / network effects / first-mover position) rather than on current reported results.
Risk
Free cash flow is negative (-$2.8b) — capital raises or debt issuance likely required; dilution / leverage risk. Currently unprofitable (margin -30.2%) — path to GAAP profitability is the core thesis risk. Down 46% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up.
INODInnodata Inc.
Why now
Information Technology Services · market cap $2.2b. Down 49% from 52-week high of $125.14 — deep drawdown territory. Revenue growing +39% — in hypergrowth territory. PEG 0.87 — paying under fair value for the growth rate. 4 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $122.75 (implying +91% upside).
Moat
Net margin 15% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 29% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
Down 49% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 2.92 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Trailing P/E 50x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where APLD and INOD diverge
On the headline score the gap is 49.3 points in favor of INOD. The widest single difference is Quality, where INOD leads by 72.6 points.
- QualityAPLD 12.9 · INOD 85.5INOD +72.6
- ValueAPLD 22.0 · INOD 60.8INOD +38.8
- GrowthAPLD 100.0 · INOD 97.5level
Pillars run 0–100 against sector peers, so a score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.