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Side-by-side financial comparison of Danaos Corp (DAC) and DigitalOcean Holdings, Inc. (DOCN). Click either name above to swap in a different company.

Danaos Corp is the larger business by last-quarter revenue ($262.2M vs $242.4M, roughly 1.1× DigitalOcean Holdings, Inc.). Danaos Corp runs the higher net margin — 49.9% vs 10.6%, a 39.3% gap on every dollar of revenue. On growth, DigitalOcean Holdings, Inc. posted the faster year-over-year revenue change (18.3% vs 6.4%).

Danaos Corporation is a leading global containership ownership and management firm. It operates a large fleet of modern container vessels, providing long-term charter services to top international container liner operators across major global trade routes, supporting the efficiency and reliability of global supply chains.

DigitalOcean Holdings, Inc. is an American multinational technology company and cloud service provider. The company is headquartered in Broomfield, Colorado, US, with 15 globally distributed data centers. DigitalOcean provides developers, startups, and SMBs with cloud infrastructure-as-a-service platforms.

DAC vs DOCN — Head-to-Head

Bigger by revenue
DAC
DAC
1.1× larger
DAC
$262.2M
$242.4M
DOCN
Growing faster (revenue YoY)
DOCN
DOCN
+11.8% gap
DOCN
18.3%
6.4%
DAC
Higher net margin
DAC
DAC
39.3% more per $
DAC
49.9%
10.6%
DOCN

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
DAC
DAC
DOCN
DOCN
Revenue
$262.2M
$242.4M
Net Profit
$130.9M
$25.7M
Gross Margin
58.7%
Operating Margin
47.9%
16.0%
Net Margin
49.9%
10.6%
Revenue YoY
6.4%
18.3%
Net Profit YoY
-7.3%
40.5%
EPS (diluted)
$7.12
$0.23

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DAC
DAC
DOCN
DOCN
Q4 25
$242.4M
Q3 25
$229.6M
Q2 25
$262.2M
$218.7M
Q1 25
$210.7M
Q4 24
$204.9M
Q3 24
$198.5M
Q2 24
$246.3M
$192.5M
Q1 24
$184.7M
Net Profit
DAC
DAC
DOCN
DOCN
Q4 25
$25.7M
Q3 25
$158.4M
Q2 25
$130.9M
$37.0M
Q1 25
$38.2M
Q4 24
$18.3M
Q3 24
$32.9M
Q2 24
$141.2M
$19.1M
Q1 24
$14.1M
Gross Margin
DAC
DAC
DOCN
DOCN
Q4 25
58.7%
Q3 25
59.6%
Q2 25
59.9%
Q1 25
61.4%
Q4 24
57.1%
Q3 24
60.2%
Q2 24
61.0%
Q1 24
60.7%
Operating Margin
DAC
DAC
DOCN
DOCN
Q4 25
16.0%
Q3 25
19.6%
Q2 25
47.9%
16.3%
Q1 25
17.9%
Q4 24
15.9%
Q3 24
12.4%
Q2 24
56.8%
11.6%
Q1 24
6.2%
Net Margin
DAC
DAC
DOCN
DOCN
Q4 25
10.6%
Q3 25
69.0%
Q2 25
49.9%
16.9%
Q1 25
18.1%
Q4 24
8.9%
Q3 24
16.6%
Q2 24
57.3%
9.9%
Q1 24
7.7%
EPS (diluted)
DAC
DAC
DOCN
DOCN
Q4 25
$0.23
Q3 25
$1.51
Q2 25
$7.12
$0.39
Q1 25
$0.39
Q4 24
$0.21
Q3 24
$0.33
Q2 24
$7.23
$0.20
Q1 24
$0.15

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DAC
DAC
DOCN
DOCN
Cash + ST InvestmentsLiquidity on hand
$654.1M
$254.5M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$3.6B
$-28.7M
Total Assets
$4.5B
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAC
DAC
DOCN
DOCN
Q4 25
$254.5M
Q3 25
$236.6M
Q2 25
$654.1M
$387.7M
Q1 25
$360.4M
Q4 24
$428.4M
Q3 24
$439.9M
Q2 24
$471.7M
$443.1M
Q1 24
$419.1M
Total Debt
DAC
DAC
DOCN
DOCN
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
Q1 25
Q4 24
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DAC
DAC
DOCN
DOCN
Q4 25
$-28.7M
Q3 25
$-69.6M
Q2 25
$3.6B
$-175.2M
Q1 25
$-210.7M
Q4 24
$-203.0M
Q3 24
$-211.7M
Q2 24
$3.3B
$-253.8M
Q1 24
$-286.1M
Total Assets
DAC
DAC
DOCN
DOCN
Q4 25
$1.8B
Q3 25
$1.7B
Q2 25
$4.5B
$1.7B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.5B
Q2 24
$4.0B
$1.5B
Q1 24
$1.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DAC
DAC
DOCN
DOCN
Operating Cash FlowLast quarter
$57.3M
Free Cash FlowOCF − Capex
$31.1M
FCF MarginFCF / Revenue
12.8%
Capex IntensityCapex / Revenue
10.8%
Cash ConversionOCF / Net Profit
2.23×
TTM Free Cash FlowTrailing 4 quarters
$180.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAC
DAC
DOCN
DOCN
Q4 25
$57.3M
Q3 25
$95.8M
Q2 25
$92.4M
Q1 25
$64.1M
Q4 24
$71.3M
Q3 24
$73.4M
Q2 24
$71.3M
Q1 24
$66.7M
Free Cash Flow
DAC
DAC
DOCN
DOCN
Q4 25
$31.1M
Q3 25
$88.0M
Q2 25
$59.3M
Q1 25
$2.1M
Q4 24
$26.1M
Q3 24
$16.0M
Q2 24
$39.5M
Q1 24
$23.0M
FCF Margin
DAC
DAC
DOCN
DOCN
Q4 25
12.8%
Q3 25
38.3%
Q2 25
27.1%
Q1 25
1.0%
Q4 24
12.7%
Q3 24
8.1%
Q2 24
20.5%
Q1 24
12.5%
Capex Intensity
DAC
DAC
DOCN
DOCN
Q4 25
10.8%
Q3 25
3.4%
Q2 25
15.2%
Q1 25
29.4%
Q4 24
22.1%
Q3 24
28.9%
Q2 24
16.6%
Q1 24
23.6%
Cash Conversion
DAC
DAC
DOCN
DOCN
Q4 25
2.23×
Q3 25
0.60×
Q2 25
2.50×
Q1 25
1.68×
Q4 24
3.91×
Q3 24
2.23×
Q2 24
3.73×
Q1 24
4.72×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DAC
DAC

Segment breakdown not available.

DOCN
DOCN

Scalers$84.3M35%
Scalers Plus$69.9M29%
Builders$64.1M26%
Learners Testers And Other$24.1M10%

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