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Side-by-side financial comparison of Datadog (DDOG) and Digital Realty (DLR). Click either name above to swap in a different company.
Digital Realty is the larger business by last-quarter revenue ($1.6B vs $953.2M, roughly 1.7× Datadog). Digital Realty runs the higher net margin — 6.0% vs 4.9%, a 1.1% gap on every dollar of revenue. On growth, Datadog posted the faster year-over-year revenue change (29.2% vs 16.1%). Over the past eight quarters, Datadog's revenue compounded faster (24.9% CAGR vs 9.8%).
Datadog, Inc. is an American company that provides an observability service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform. Founded and headquartered in New York City, the company is a publicly traded entity on the Nasdaq stock exchange.
Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.
DDOG vs DLR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $953.2M | $1.6B |
| Net Profit | $46.6M | $98.6M |
| Gross Margin | 80.4% | — |
| Operating Margin | 1.0% | 6.9% |
| Net Margin | 4.9% | 6.0% |
| Revenue YoY | 29.2% | 16.1% |
| Net Profit YoY | 2.1% | -10.3% |
| EPS (diluted) | $0.13 | $0.22 |
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.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $953.2M | $1.6B | ||
| Q3 25 | $885.7M | $1.6B | ||
| Q2 25 | $826.8M | $1.5B | ||
| Q1 25 | $761.6M | $1.4B | ||
| Q4 24 | $737.7M | $1.4B | ||
| Q3 24 | $690.0M | $1.4B | ||
| Q2 24 | $645.3M | $1.4B |
| Q1 26 | — | $98.6M | ||
| Q4 25 | $46.6M | $98.6M | ||
| Q3 25 | $33.9M | $67.8M | ||
| Q2 25 | $2.6M | $1.0B | ||
| Q1 25 | $24.6M | $110.0M | ||
| Q4 24 | $45.6M | $189.6M | ||
| Q3 24 | $51.7M | $51.2M | ||
| Q2 24 | $43.8M | $80.2M |
| Q1 26 | — | — | ||
| Q4 25 | 80.4% | — | ||
| Q3 25 | 80.1% | — | ||
| Q2 25 | 79.9% | — | ||
| Q1 25 | 79.3% | — | ||
| Q4 24 | 80.5% | — | ||
| Q3 24 | 80.0% | — | ||
| Q2 24 | 80.9% | — |
| Q1 26 | — | 6.9% | ||
| Q4 25 | 1.0% | 6.9% | ||
| Q3 25 | -0.7% | 8.8% | ||
| Q2 25 | -4.3% | 14.2% | ||
| Q1 25 | -1.6% | 13.9% | ||
| Q4 24 | 1.3% | 10.1% | ||
| Q3 24 | 2.9% | 11.8% | ||
| Q2 24 | 2.0% | 0.7% |
| Q1 26 | — | 6.0% | ||
| Q4 25 | 4.9% | 6.0% | ||
| Q3 25 | 3.8% | 4.3% | ||
| Q2 25 | 0.3% | 69.1% | ||
| Q1 25 | 3.2% | 7.8% | ||
| Q4 24 | 6.2% | 13.2% | ||
| Q3 24 | 7.5% | 3.6% | ||
| Q2 24 | 6.8% | 5.9% |
| Q1 26 | — | $0.22 | ||
| Q4 25 | $0.13 | $0.22 | ||
| Q3 25 | $0.10 | $0.15 | ||
| Q2 25 | $0.01 | $2.94 | ||
| Q1 25 | $0.07 | $0.27 | ||
| Q4 24 | $0.14 | $0.50 | ||
| Q3 24 | $0.14 | $0.09 | ||
| Q2 24 | $0.12 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $401.3M | $3.5B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | $22.9B |
| Total Assets | $6.6B | $49.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.5B | ||
| Q4 25 | $401.3M | $3.5B | ||
| Q3 25 | $540.6M | $3.3B | ||
| Q2 25 | $489.0M | $3.6B | ||
| Q1 25 | $1.1B | $2.3B | ||
| Q4 24 | $1.2B | $3.9B | ||
| Q3 24 | $337.4M | $2.2B | ||
| Q2 24 | $411.0M | $2.3B |
| Q1 26 | — | $22.9B | ||
| Q4 25 | $3.7B | $22.9B | ||
| Q3 25 | $3.4B | $23.0B | ||
| Q2 25 | $3.2B | $22.9B | ||
| Q1 25 | $2.9B | $21.3B | ||
| Q4 24 | $2.7B | $21.3B | ||
| Q3 24 | $2.6B | $21.2B | ||
| Q2 24 | $2.4B | $20.5B |
| Q1 26 | — | $49.4B | ||
| Q4 25 | $6.6B | $49.4B | ||
| Q3 25 | $6.1B | $48.7B | ||
| Q2 25 | $5.8B | $48.7B | ||
| Q1 25 | $6.0B | $45.1B | ||
| Q4 24 | $5.8B | $45.3B | ||
| Q3 24 | $4.6B | $45.3B | ||
| Q2 24 | $4.4B | $43.6B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $327.1M | — |
| Free Cash FlowOCF − Capex | $318.2M | — |
| FCF MarginFCF / Revenue | 33.4% | — |
| Capex IntensityCapex / Revenue | 0.9% | — |
| Cash ConversionOCF / Net Profit | 7.02× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $327.1M | $719.0M | ||
| Q3 25 | $251.5M | $652.9M | ||
| Q2 25 | $200.1M | $641.2M | ||
| Q1 25 | $271.5M | $399.1M | ||
| Q4 24 | $265.2M | $769.5M | ||
| Q3 24 | $228.7M | $566.5M | ||
| Q2 24 | $164.4M | $573.2M |
| Q1 26 | — | — | ||
| Q4 25 | $318.2M | — | ||
| Q3 25 | $234.7M | — | ||
| Q2 25 | $184.9M | — | ||
| Q1 25 | $262.8M | — | ||
| Q4 24 | $257.5M | — | ||
| Q3 24 | $220.3M | — | ||
| Q2 24 | $160.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 33.4% | — | ||
| Q3 25 | 26.5% | — | ||
| Q2 25 | 22.4% | — | ||
| Q1 25 | 34.5% | — | ||
| Q4 24 | 34.9% | — | ||
| Q3 24 | 31.9% | — | ||
| Q2 24 | 24.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | — | ||
| Q3 25 | 1.9% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 0.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 7.02× | 7.29× | ||
| Q3 25 | 7.42× | 9.63× | ||
| Q2 25 | 75.58× | 0.62× | ||
| Q1 25 | 11.02× | 3.63× | ||
| Q4 24 | 5.82× | 4.06× | ||
| Q3 24 | 4.42× | 11.07× | ||
| Q2 24 | 3.75× | 7.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DDOG
| North America | $678.7M | 71% |
| International | $274.5M | 29% |
DLR
Segment breakdown not available.
