AD vs VEON
Array Digital Infrastructure, Inc. and Veon Ltd., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AD | VEON |
|---|---|---|
| Revenue | $163.0M | $4.4B |
| Net income | $48.8M | $591.0M |
| Gross margin | 51.2% | · |
| Net margin | 42.5% | 13.4% |
| Return on equity | 1.4% | · |
| Diluted EPS | $0.56 | $0.30 |
| Dividend / share | $23.00 | $0.00 |
| Payout ratio | · | · |
| Free cash flow | $173.6M | · |
| Equity | $2.6B | $1.3B |
| Net debt / equity | 0.22× | 1.05× |
| Current ratio | 0.72× | · |
| Revenue CAGR 5y | · | 4.8% |
| Profit CAGR 5y | −26.6% | · |
VEON bills 27.0× the revenue of AD, and AD keeps more of each dollar of revenue as profit (42.5% against 13.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AD | VEON |
|---|---|---|
| FY2025 | $163.0M | $4.4B |
| FY2024 | $102.9M | $4.0B |
| FY2023 | $100.5M | $3.7B |
| FY2022 | $4.2B | $3.8B |
| FY2021 | $4.1B | $3.9B |
| FY2020 | $4.0B | $3.5B |
| FY2019 | $4.0B | $8.1B |
| FY2018 | $4.0B | $9.1B |
| FY2017 | $3.9B | $9.5B |
| FY2016 | $4.0B | $8.9B |
Bottom line
| Fiscal year | AD | VEON |
|---|---|---|
| FY2025 | $48.8M | $591.0M |
| FY2024 | $-39.4M | $487.0M |
| FY2023 | $54.5M | $-2.5B |
| FY2022 | $30.0M | $-9.0M |
| FY2021 | $155.0M | $801.0M |
| FY2020 | $229.0M | $-316.0M |
| FY2019 | $127.0M | $683.0M |
| FY2018 | $150.0M | $362.0M |
| FY2017 | $12.0M | $-534.0M |
| FY2016 | $48.0M | $2.4B |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$4,236,039,000 | VEON |
| FY2024 | −$3,901,067,000 | VEON |
| FY2023 | −$3,597,531,000 | VEON |
| FY2022 | +$414,000,000 | AD |
| FY2021 | +$272,000,000 | AD |
| FY2020 | +$555,000,000 | AD |
| FY2019 | −$4,067,000,000 | VEON |
| FY2018 | −$5,119,000,000 | VEON |
| FY2017 | −$5,584,000,000 | VEON |
| FY2016 | −$4,895,000,000 | VEON |
| FY2015 | −$5,575,000,000 | VEON |
The higher-revenue side has changed between AD and VEON over this period. The gap has narrowed since the earliest year compared.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +29.0 pp | AD |
| FY2024 | −42.8 pp | VEON |
| FY2023 | +123.9 pp | AD |
| FY2022 | +1.1 pp | AD |
| FY2021 | −16.9 pp | VEON |
| FY2020 | +14.8 pp | AD |
| FY2019 | −5.1 pp | VEON |
| FY2018 | +0.1 pp | AD |
| FY2017 | +6.0 pp | AD |
| FY2016 | −26.0 pp | VEON |
| FY2015 | +11.9 pp | AD |
The higher net margin has changed hands between AD and VEON over this period.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VEON's net margin has been more volatile than AD's over the 11 comparable fiscal years — 23.6 percentage points of standard deviation against 22.1.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AD and VEON over these 11 fiscal years — AD led in 7 and VEON in 4.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VEON's return on equity has been more volatile than AD's over the 3 comparable fiscal years — 29.0 percentage points of standard deviation against 2.9.
3 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between AD and VEON over these 3 fiscal years — AD led in 2 and VEON in 1.
3 of 18 comparable fiscal years — a year missing data on either side is not counted.