Verdict: Side-by-side breakdown using the Bull Rankings model. APLD scored 18.1, INOD scored 83.7 — INOD leads.
Compare another set
APLD
Applied Digital Corporation
Information Technology Services · Quality-Growth
18.1
$23.68 · $7.2B
fundamentals as of
Score gap
65.6
INOD leads
INOD
Innodata Inc.
Information Technology Services · Quality-Growth
83.7
$62.04 · $2.1B
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 qualityINOD85 / 100
Largest discount to fair valueINOD-19%
Side by side · every name on one set of axes
The model, pillar by pillar (0–100 each)
APLD
stronger →← stronger
INOD
12
Qualityreturns · margins · balance sheet
85
100
Growthrevenue & earnings expansion
98
5
Valuevaluation vs sector peers
70
INOD is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
APLD
INOD
-$2.8bF
FCF
$184mC
+167.5%A
Rev
+47.6%A
1.71C
D/E
0.02A-
8.2xC+
P/S
—
1.83C+
PEG
0.87B+
—
P/E
48.1xC+
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
19% below
—
Growth the price impliesyr-1 FCF growth, fading to 4% · lower = less priced in
~10%/yr
—
1-yr DCF upside
-4%
—
5-yr DCF upside
+23%
—
10-yr DCF upside
+73%
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
Information Technology Services · $23.68 · beta 6.00
Why now
Information Technology Services · market cap $7.2b. Down 53% from 52-week high of $50.73 — deep drawdown territory. Revenue growing +167% — in hypergrowth territory. 15 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $64.27 (implying +171% 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 -53.0%) — path to GAAP profitability is the core thesis risk. Down 53% 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.
Information Technology Services · $62.04 · beta 2.98
Why now
Information Technology Services · market cap $2.1b. Down 50% from 52-week high of $125.14 — deep drawdown territory. Revenue growing +48% — in hypergrowth territory. PEG 0.87 — paying under fair value for the growth rate. 4 sell-side analysts publish a mean 1-yr target of $122.75 (implying +98% 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 38% — 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, mostly because of cash released from working capital ($120m) — a release that doesn't repeat every year the way earnings can.
Risk
Down 50% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 2.98 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 48x 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 65.6 points in favor of INOD. The widest single difference is Quality, where INOD leads by 73.6 points.
QualityAPLD 11.8 · INOD 85.4INOD +73.6
ValueAPLD 5.0 · INOD 70.1INOD +65.1
GrowthAPLD 100.0 · INOD 97.9level
Pillars run 0–100. Value is judged against each company's own sector, so a Value 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.
Common questions
Is INOD or APLD the better stock?
INOD scores higher: INOD 83.7, APLD 18.1 out of 100 on the Bull Rankings quality-growth score, which blends business quality, growth and valuation into one number. A higher score means a stronger business at a more reasonable price — it is not a price target or a recommendation.
Where do INOD and APLD differ most?
The widest gap is quality, where INOD leads by 74 points on the 0–100 pillar scale. INOD also leads value, while growth is effectively level between them.
How are INOD and APLD scored?
Each carries the same 0–100 quality-growth score used everywhere on the site, built from three pillars — quality (profitability and returns on capital), growth (revenue and earnings), and value (what you pay for them) — combined as a geometric mean, so a weak pillar cannot be papered over by a strong one.
How current is this comparison?
The whole universe is re-scored every trading day after the US market close, so the scores and fundamentals here reflect the latest published edition.