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Side-by-side financial comparison of DigitalOcean Holdings, Inc. (DOCN) and HECLA MINING CO (HL). Click either name above to swap in a different company.

HECLA MINING CO is the larger business by last-quarter revenue ($448.1M vs $242.4M, roughly 1.8× DigitalOcean Holdings, Inc.). HECLA MINING CO runs the higher net margin — 30.0% vs 10.6%, a 19.4% gap on every dollar of revenue. On growth, HECLA MINING CO posted the faster year-over-year revenue change (79.5% vs 18.3%). HECLA MINING CO produced more free cash flow last quarter ($134.7M vs $31.1M). Over the past eight quarters, HECLA MINING CO's revenue compounded faster (53.8% 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.

Hecla Mining is a leading U.S.-based precious and base metals mining firm. Core products include silver, gold, lead and zinc, with operating assets across North America. It supplies raw materials to global jewelry manufacturing, industrial production, and renewable energy segments, and is a top domestic primary silver producer.

DOCN vs HL — Head-to-Head

Bigger by revenue
HL
HL
1.8× larger
HL
$448.1M
$242.4M
DOCN
Growing faster (revenue YoY)
HL
HL
+61.2% gap
HL
79.5%
18.3%
DOCN
Higher net margin
HL
HL
19.4% more per $
HL
30.0%
10.6%
DOCN
More free cash flow
HL
HL
$103.6M more FCF
HL
$134.7M
$31.1M
DOCN
Faster 2-yr revenue CAGR
HL
HL
Annualised
HL
53.8%
14.5%
DOCN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DOCN
DOCN
HL
HL
Revenue
$242.4M
$448.1M
Net Profit
$25.7M
$134.4M
Gross Margin
58.7%
55.4%
Operating Margin
16.0%
49.1%
Net Margin
10.6%
30.0%
Revenue YoY
18.3%
79.5%
Net Profit YoY
40.5%
1027.2%
EPS (diluted)
$0.23
$0.20

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
HL
HL
Q4 25
$242.4M
$448.1M
Q3 25
$229.6M
$409.5M
Q2 25
$218.7M
$304.0M
Q1 25
$210.7M
$261.3M
Q4 24
$204.9M
$249.7M
Q3 24
$198.5M
$245.1M
Q2 24
$192.5M
$245.7M
Q1 24
$184.7M
$189.5M
Net Profit
DOCN
DOCN
HL
HL
Q4 25
$25.7M
$134.4M
Q3 25
$158.4M
$100.7M
Q2 25
$37.0M
$57.7M
Q1 25
$38.2M
$28.9M
Q4 24
$18.3M
$11.9M
Q3 24
$32.9M
$1.8M
Q2 24
$19.1M
$27.9M
Q1 24
$14.1M
$-5.8M
Gross Margin
DOCN
DOCN
HL
HL
Q4 25
58.7%
55.4%
Q3 25
59.6%
44.1%
Q2 25
59.9%
39.3%
Q1 25
61.4%
28.3%
Q4 24
57.1%
27.4%
Q3 24
60.2%
24.2%
Q2 24
61.0%
20.9%
Q1 24
60.7%
10.1%
Operating Margin
DOCN
DOCN
HL
HL
Q4 25
16.0%
49.1%
Q3 25
19.6%
36.3%
Q2 25
16.3%
30.8%
Q1 25
17.9%
20.0%
Q4 24
15.9%
15.3%
Q3 24
12.4%
9.2%
Q2 24
11.6%
16.5%
Q1 24
6.2%
2.7%
Net Margin
DOCN
DOCN
HL
HL
Q4 25
10.6%
30.0%
Q3 25
69.0%
24.6%
Q2 25
16.9%
19.0%
Q1 25
18.1%
11.0%
Q4 24
8.9%
4.8%
Q3 24
16.6%
0.7%
Q2 24
9.9%
11.3%
Q1 24
7.7%
-3.0%
EPS (diluted)
DOCN
DOCN
HL
HL
Q4 25
$0.23
$0.20
Q3 25
$1.51
$0.15
Q2 25
$0.39
$0.09
Q1 25
$0.39
$0.05
Q4 24
$0.21
$0.03
Q3 24
$0.33
$0.00
Q2 24
$0.20
$0.04
Q1 24
$0.15
$-0.01

Balance Sheet & Financial Strength

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

Metric
DOCN
DOCN
HL
HL
Cash + ST InvestmentsLiquidity on hand
$254.5M
$301.2M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$-28.7M
$2.6B
Total Assets
$1.8B
$3.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCN
DOCN
HL
HL
Q4 25
$254.5M
$301.2M
Q3 25
$236.6M
$133.9M
Q2 25
$387.7M
$296.6M
Q1 25
$360.4M
$23.7M
Q4 24
$428.4M
$26.9M
Q3 24
$439.9M
$22.3M
Q2 24
$443.1M
$24.6M
Q1 24
$419.1M
$80.2M
Total Debt
DOCN
DOCN
HL
HL
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
Q1 25
Q4 24
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DOCN
DOCN
HL
HL
Q4 25
$-28.7M
$2.6B
Q3 25
$-69.6M
$2.4B
Q2 25
$-175.2M
$2.3B
Q1 25
$-210.7M
$2.1B
Q4 24
$-203.0M
$2.0B
Q3 24
$-211.7M
$2.0B
Q2 24
$-253.8M
$2.0B
Q1 24
$-286.1M
$2.0B
Total Assets
DOCN
DOCN
HL
HL
Q4 25
$1.8B
$3.6B
Q3 25
$1.7B
$3.2B
Q2 25
$1.7B
$3.3B
Q1 25
$1.6B
$3.0B
Q4 24
$1.6B
$3.0B
Q3 24
$1.5B
$3.0B
Q2 24
$1.5B
$2.9B
Q1 24
$1.5B
$3.0B

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
HL
HL
Operating Cash FlowLast quarter
$57.3M
$217.1M
Free Cash FlowOCF − Capex
$31.1M
$134.7M
FCF MarginFCF / Revenue
12.8%
30.1%
Capex IntensityCapex / Revenue
10.8%
18.4%
Cash ConversionOCF / Net Profit
2.23×
1.61×
TTM Free Cash FlowTrailing 4 quarters
$180.5M
$310.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCN
DOCN
HL
HL
Q4 25
$57.3M
$217.1M
Q3 25
$95.8M
$148.0M
Q2 25
$92.4M
$161.8M
Q1 25
$64.1M
$35.7M
Q4 24
$71.3M
$67.5M
Q3 24
$73.4M
$55.0M
Q2 24
$71.3M
$78.7M
Q1 24
$66.7M
$17.1M
Free Cash Flow
DOCN
DOCN
HL
HL
Q4 25
$31.1M
$134.7M
Q3 25
$88.0M
$90.1M
Q2 25
$59.3M
$103.8M
Q1 25
$2.1M
$-18.4M
Q4 24
$26.1M
$6.7M
Q3 24
$16.0M
$-690.0K
Q2 24
$39.5M
$28.3M
Q1 24
$23.0M
$-30.5M
FCF Margin
DOCN
DOCN
HL
HL
Q4 25
12.8%
30.1%
Q3 25
38.3%
22.0%
Q2 25
27.1%
34.1%
Q1 25
1.0%
-7.0%
Q4 24
12.7%
2.7%
Q3 24
8.1%
-0.3%
Q2 24
20.5%
11.5%
Q1 24
12.5%
-16.1%
Capex Intensity
DOCN
DOCN
HL
HL
Q4 25
10.8%
18.4%
Q3 25
3.4%
14.1%
Q2 25
15.2%
19.1%
Q1 25
29.4%
20.7%
Q4 24
22.1%
24.3%
Q3 24
28.9%
22.7%
Q2 24
16.6%
20.5%
Q1 24
23.6%
25.1%
Cash Conversion
DOCN
DOCN
HL
HL
Q4 25
2.23×
1.61×
Q3 25
0.60×
1.47×
Q2 25
2.50×
2.80×
Q1 25
1.68×
1.24×
Q4 24
3.91×
5.66×
Q3 24
2.23×
31.24×
Q2 24
3.73×
2.82×
Q1 24
4.72×

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%

HL
HL

Silver Contracts$258.5M58%
Gold$129.2M29%
Zinc$30.3M7%
Lead$23.3M5%
Environmental Remediation Services$9.2M2%

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