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Side-by-side financial comparison of DigitalOcean Holdings, Inc. (DOCN) and GERMAN AMERICAN BANCORP, INC. (GABC). Click either name above to swap in a different company.

DigitalOcean Holdings, Inc. is the larger business by last-quarter revenue ($242.4M vs $126.7M, roughly 1.9× GERMAN AMERICAN BANCORP, INC.). GERMAN AMERICAN BANCORP, INC. runs the higher net margin — 28.2% vs 10.6%, a 17.6% gap on every dollar of revenue. On growth, GERMAN AMERICAN BANCORP, INC. posted the faster year-over-year revenue change (39.7% vs 18.3%). GERMAN AMERICAN BANCORP, INC. produced more free cash flow last quarter ($154.0M vs $31.1M). Over the past eight quarters, GERMAN AMERICAN BANCORP, INC.'s revenue compounded faster (22.7% CAGR vs 14.5%).

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.

American Express Company or Amex is an American bank holding company and multinational financial services corporation that specializes in payment cards. It is headquartered at 200 Vesey Street, also known as American Express Tower, in the Battery Park City neighborhood of Lower Manhattan.

DOCN vs GABC — Head-to-Head

Bigger by revenue
DOCN
DOCN
1.9× larger
DOCN
$242.4M
$126.7M
GABC
Growing faster (revenue YoY)
GABC
GABC
+21.4% gap
GABC
39.7%
18.3%
DOCN
Higher net margin
GABC
GABC
17.6% more per $
GABC
28.2%
10.6%
DOCN
More free cash flow
GABC
GABC
$122.9M more FCF
GABC
$154.0M
$31.1M
DOCN
Faster 2-yr revenue CAGR
GABC
GABC
Annualised
GABC
22.7%
14.5%
DOCN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DOCN
DOCN
GABC
GABC
Revenue
$242.4M
$126.7M
Net Profit
$25.7M
$35.7M
Gross Margin
58.7%
Operating Margin
16.0%
34.6%
Net Margin
10.6%
28.2%
Revenue YoY
18.3%
39.7%
Net Profit YoY
40.5%
53.7%
EPS (diluted)
$0.23
$0.98

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
DOCN
DOCN
GABC
GABC
Q4 25
$242.4M
$126.7M
Q3 25
$229.6M
$126.5M
Q2 25
$218.7M
$123.2M
Q1 25
$210.7M
$111.1M
Q4 24
$204.9M
$90.7M
Q3 24
$198.5M
$88.5M
Q2 24
$192.5M
$90.5M
Q1 24
$184.7M
$84.1M
Net Profit
DOCN
DOCN
GABC
GABC
Q4 25
$25.7M
$35.7M
Q3 25
$158.4M
$35.1M
Q2 25
$37.0M
$31.4M
Q1 25
$38.2M
$10.5M
Q4 24
$18.3M
$23.2M
Q3 24
$32.9M
$21.0M
Q2 24
$19.1M
$20.5M
Q1 24
$14.1M
$19.0M
Gross Margin
DOCN
DOCN
GABC
GABC
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
DOCN
DOCN
GABC
GABC
Q4 25
16.0%
34.6%
Q3 25
19.6%
34.6%
Q2 25
16.3%
31.8%
Q1 25
17.9%
12.0%
Q4 24
15.9%
31.6%
Q3 24
12.4%
29.0%
Q2 24
11.6%
29.4%
Q1 24
6.2%
27.6%
Net Margin
DOCN
DOCN
GABC
GABC
Q4 25
10.6%
28.2%
Q3 25
69.0%
27.7%
Q2 25
16.9%
25.5%
Q1 25
18.1%
9.5%
Q4 24
8.9%
25.6%
Q3 24
16.6%
23.8%
Q2 24
9.9%
22.7%
Q1 24
7.7%
22.6%
EPS (diluted)
DOCN
DOCN
GABC
GABC
Q4 25
$0.23
$0.98
Q3 25
$1.51
$0.94
Q2 25
$0.39
$0.84
Q1 25
$0.39
$0.30
Q4 24
$0.21
$0.79
Q3 24
$0.33
$0.71
Q2 24
$0.20
$0.69
Q1 24
$0.15
$0.64

Balance Sheet & Financial Strength

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

Metric
DOCN
DOCN
GABC
GABC
Cash + ST InvestmentsLiquidity on hand
$254.5M
Total DebtLower is stronger
$1.3B
$100.0M
Stockholders' EquityBook value
$-28.7M
$1.2B
Total Assets
$1.8B
$8.4B
Debt / EquityLower = less leverage
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCN
DOCN
GABC
GABC
Q4 25
$254.5M
Q3 25
$236.6M
Q2 25
$387.7M
Q1 25
$360.4M
Q4 24
$428.4M
Q3 24
$439.9M
Q2 24
$443.1M
Q1 24
$419.1M
Total Debt
DOCN
DOCN
GABC
GABC
Q4 25
$1.3B
$100.0M
Q3 25
$1.3B
Q2 25
Q1 25
Q4 24
$1.5B
$114.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DOCN
DOCN
GABC
GABC
Q4 25
$-28.7M
$1.2B
Q3 25
$-69.6M
$1.1B
Q2 25
$-175.2M
$1.1B
Q1 25
$-210.7M
$1.0B
Q4 24
$-203.0M
$715.1M
Q3 24
$-211.7M
$744.6M
Q2 24
$-253.8M
$687.8M
Q1 24
$-286.1M
$655.3M
Total Assets
DOCN
DOCN
GABC
GABC
Q4 25
$1.8B
$8.4B
Q3 25
$1.7B
$8.4B
Q2 25
$1.7B
$8.3B
Q1 25
$1.6B
$8.4B
Q4 24
$1.6B
$6.3B
Q3 24
$1.5B
$6.3B
Q2 24
$1.5B
$6.2B
Q1 24
$1.5B
$6.1B
Debt / Equity
DOCN
DOCN
GABC
GABC
Q4 25
0.09×
Q3 25
Q2 25
Q1 25
Q4 24
0.16×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
DOCN
DOCN
GABC
GABC
Operating Cash FlowLast quarter
$57.3M
$159.3M
Free Cash FlowOCF − Capex
$31.1M
$154.0M
FCF MarginFCF / Revenue
12.8%
121.6%
Capex IntensityCapex / Revenue
10.8%
4.2%
Cash ConversionOCF / Net Profit
2.23×
4.46×
TTM Free Cash FlowTrailing 4 quarters
$180.5M
$267.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCN
DOCN
GABC
GABC
Q4 25
$57.3M
$159.3M
Q3 25
$95.8M
$51.8M
Q2 25
$92.4M
$26.9M
Q1 25
$64.1M
$37.9M
Q4 24
$71.3M
$95.8M
Q3 24
$73.4M
$24.5M
Q2 24
$71.3M
$18.7M
Q1 24
$66.7M
$23.9M
Free Cash Flow
DOCN
DOCN
GABC
GABC
Q4 25
$31.1M
$154.0M
Q3 25
$88.0M
$50.1M
Q2 25
$59.3M
$26.2M
Q1 25
$2.1M
$36.7M
Q4 24
$26.1M
$90.7M
Q3 24
$16.0M
$23.0M
Q2 24
$39.5M
$17.0M
Q1 24
$23.0M
$22.6M
FCF Margin
DOCN
DOCN
GABC
GABC
Q4 25
12.8%
121.6%
Q3 25
38.3%
39.6%
Q2 25
27.1%
21.2%
Q1 25
1.0%
33.0%
Q4 24
12.7%
100.1%
Q3 24
8.1%
26.0%
Q2 24
20.5%
18.8%
Q1 24
12.5%
26.9%
Capex Intensity
DOCN
DOCN
GABC
GABC
Q4 25
10.8%
4.2%
Q3 25
3.4%
1.3%
Q2 25
15.2%
0.6%
Q1 25
29.4%
1.1%
Q4 24
22.1%
5.6%
Q3 24
28.9%
1.7%
Q2 24
16.6%
1.8%
Q1 24
23.6%
1.5%
Cash Conversion
DOCN
DOCN
GABC
GABC
Q4 25
2.23×
4.46×
Q3 25
0.60×
1.48×
Q2 25
2.50×
0.86×
Q1 25
1.68×
3.61×
Q4 24
3.91×
4.13×
Q3 24
2.23×
1.16×
Q2 24
3.73×
0.91×
Q1 24
4.72×
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DOCN
DOCN

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

GABC
GABC

Segment breakdown not available.

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