AD
Array Digital Infrastructure, Inc.
AD offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
META
Meta Platforms, Inc.
META has the edge over AD overall, supported by stronger modeled upside and lower modeled downside.
AD Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| Weak | |
| Healthy |
AD's profitability and balance sheet are currently healthy, but its revenue and cash flow are under pressure.
META Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Healthy |
META's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
AD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 3.7x | $27.33 | — |
| Cheap | 14x | $108 | +294% |
| Fair | 20x | $149 | +444% |
| Forward | 25x | $27.33 | — |
| Expensive | 78x | $577 | +2012% |
Historical ranges are pointers, not guarantees.
AD has the edge over META in the historical PE scenario, which offers more potential upside but is not a forecast.
META PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 19x | $624 | — |
| Cheap | 21x | $613 | -1.7% |
| Current | 21x | $624 | — |
| Fair | 27x | $803 | +29% |
| Expensive | 32x | $934 | +50% |
Historical ranges are pointers, not guarantees.
META's PE is in its cheap range at 21x. If earnings grow as analysts expect, today's price would be 19x next year's earnings.
AD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Decline | |
| -- | |
| Limited | |
| High |
Analysts expect AD's earnings and revenue to decline, though with profitability holding steady.
META Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Strong growth | |
| Strongly weakening | |
| Moderate | |
| Low |
META has the edge over AD on the outlook, with more favorable valuation and earnings expectations.
AD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.08 | -85% |
| Q3 2026 | $7.44 | +3816% |
| Q2 2026 | $6.20 | +$6.49 |
| Q1 2026 | $2.41 | +$2.86 |
| Q4 2025 | $0.56 | +$1.02 |
| Q3 2025 | $0.19 | +$0.54 |
| Q2 2025 | -$0.29 | -135% |
| Q1 2025 | -$0.45 | -166% |
| Q4 2024 | -$0.46 | -173% |
AD's earnings per share have jumped to their highest in seven years: $7.44 over the past year, up from $0.19 the year before. Its recent earnings include one-off gains.
META Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $32.16 | +9.7% |
| Q3 2026 | $29.32 | +30% |
| Q2 2026 | $26.54 | -3.7% |
| Q1 2026 | $27.50 | +7.5% |
| Q4 2025 | $23.49 | -1.6% |
| Q3 2025 | $22.58 | +6.5% |
| Q2 2025 | $27.56 | +41% |
| Q1 2025 | $25.58 | +47% |
| Q4 2024 | $23.86 | +60% |
META has the edge over AD on earnings, with more consistent year-over-year improvement.
AD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $53.9M | +14% |
| Q2 2026 | $54.1M | -94% |
| Q1 2026 | $52M | -94% |
| Q4 2025 | $60.3M | -94% |
| Q3 2025 | $47.1M | -95% |
| Q2 2025 | $916M | -1.2% |
| Q1 2025 | $891M | -6.2% |
| Q4 2024 | $971M | -2.9% |
AD's revenue is recovering but still below its 2022 peak: $54M last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -4.3% | +109 points |
| Q2 2026 | 738% | +735 points |
| Q1 2026 | 309% | +305 points |
| Q4 2025 | 14% | +15 points |
| Q3 2025 | -113% | -103 points |
| Q2 2025 | 3.8% | -0.1 points |
| Q1 2025 | 4.6% | -0.8 points |
| Q4 2024 | -0.9% | -3.1 points |
AD's operating margin was −4.3% last quarter, up 109 points from the same quarter a year ago, near the bottom of its range since 2019.
META Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $64.6B | +26% |
| Q2 2026 | $60.8B | +28% |
| Q1 2026 | $56.3B | +33% |
| Q4 2025 | $59.9B | +24% |
| Q3 2025 | $51.2B | +26% |
| Q2 2025 | $47.5B | +22% |
| Q1 2025 | $42.3B | +16% |
| Q4 2024 | $48.4B | +21% |
META has the edge over AD on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | -20 points |
| Q2 2026 | 31% | -12 points |
| Q1 2026 | 41% | -0.9 points |
| Q4 2025 | 41% | -7 points |
| Q3 2025 | 40% | -2.7 points |
| Q2 2025 | 43% | +5 points |
| Q1 2025 | 41% | +3.6 points |
| Q4 2024 | 48% | +7.4 points |
META has the edge over AD on profitability, with a higher operating margin.
AD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$177M | -482% |
| Q2 2026 | -$48.6M | -119% |
| Q1 2026 | $10M | -89% |
| Q4 2025 | -$210.7M | -$194.7M |
| Q3 2025 | $46.3M | -60% |
| Q2 2025 | $250M | +42% |
| Q1 2025 | $88M | +26% |
| Q4 2024 | -$16M | -$9M |
AD's free cash flow was −$426M over the past year, against $368M the year before.
META Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.2B | -110% |
| Q2 2026 | $1.7B | -81% |
| Q1 2026 | $13.2B | +19% |
| Q4 2025 | $14.8B | +9.3% |
| Q3 2025 | $11.2B | -32% |
| Q2 2025 | $9B | -19% |
| Q1 2025 | $11.1B | -14% |
| Q4 2024 | $13.6B | +16% |
META has the edge over AD on cash generation, producing positive trailing cash flow while its opponent burns cash.
AD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +13K shares |
| 1 year | -0.4% | -323K shares |
| 3 years | +0.6% | +523K shares |
| 5 years | -0.5% | -477K shares |
| Available history | -1.7% | -1.5M shares |
AD has the edge over META on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $360,000 |
| Q2 2025 | — |
| Q1 2025 | $21M |
| Q4 2024 | $28M |
AD hasn't bought back shares in the past year.
META Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +7M shares |
| 1 year | 0% | +1M shares |
| 3 years | -2.6% | -68M shares |
| 5 years | -10% | -286M shares |
| Available history | -11% | -303M shares |
META has 2.6B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $3.3B |
| Q2 2025 | $10.2B |
| Q1 2025 | $12.8B |
| Q4 2024 | — |
META hasn't bought back shares in the past year.
AD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 1.2x | Healthy |
| Q4 2025 | 1.5x | Healthy |
| Q3 2025 | 0.7x | Very low |
| Q2 2025 | 3.9x | Elevated |
| Q1 2025 | 4.2x | High |
| Q4 2024 | 4.2x | High |
AD's net debt is less than a year of its operating earnings (EBITDA).
META Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.2x | Very low |
| Q3 2025 | 0.2x | Very low |
| Q2 2025 | 0.2x | Very low |
| Q1 2025 | 0.0x | Very low |
| Q4 2024 | -0.2x | Net Cash |
META's net debt is less than a year of its operating earnings (EBITDA).
AD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 22.9 | Oversold |
| Stochastic | 11.1 | Oversold |
AD's weekly RSI is 23 (oversold) and its Stochastic is 11 (oversold).
META Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.2 | Neutral |
| Stochastic | 33.7 | Neutral |
META's weekly RSI is 48 (neutral) and its Stochastic is 34 (neutral).
AD PE vs Communication Services Sector
| Metric | AD | Sector median | Relative |
|---|---|---|---|
| PE | 3.7x | 16x | 78% below |
| PE % | 0 | 26 | 26 pts below |
AD has the edge over META on valuation relative to its sector.
META PE vs Communication Services Sector
| Metric | META | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 16x | 29% above |
| PE % | 18 | 26 | 8 pts below |
META is trading at 21x earnings, a 29% premium to the Communication Services sector's median of 16x.
AD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $32.4 | 16% below |
| 20 week MA | $34.5 | 21% below |
| 50 week MA | $43.2 | 37% below |
| 100 week MA | $52.0 | 47% below |
| 200 week MA | $45.7 | 40% below |
AD is in a downtrend: it's below all five of its weekly moving averages, and 40% below its 200-week average.
META Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $674.9 | 7.6% below |
| 20 week MA | $634.5 | 1.7% below |
| 50 week MA | $630.8 | 1.1% below |
| 100 week MA | $647.8 | 3.7% below |
| 200 week MA | $517.5 | 21% above |
META has the edge over AD on trend strength, trading above more of its moving averages.
AD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $35.0 | $30.0 | -14% |
| 2021 | $30.0 | $32.1 | +7% |
| 2022 | $32.1 | $20.6 | -36% |
| 2023 | $20.6 | $41.5 | +101% |
| 2024 | $41.5 | $63.7 | +53% |
| 2025 | $63.7 | $53.5 | -16% |
| 2026 YTD | $53.5 | $27.3 | -49% |
AD has finished lower in three of the last six years. It's down 49% so far in 2026.
META Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $208.1 | $267.4 | +28% |
| 2021 | $267.4 | $335.2 | +25% |
| 2022 | $335.2 | $118.0 | -65% |
| 2023 | $118.0 | $354.0 | +200% |
| 2024 | $354.0 | $599.8 | +69% |
| 2025 | $599.8 | $663.3 | +11% |
| 2026 YTD | $663.3 | $623.6 | -6% |
META has the edge over AD on returns for 2026, with the stronger performance.