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

DigitalOcean Holdings, Inc. is the larger business by last-quarter revenue ($242.4M vs $184.5M, roughly 1.3× NBT BANCORP INC). NBT BANCORP INC runs the higher net margin — 27.7% vs 10.6%, a 17.1% gap on every dollar of revenue. Over the past eight quarters, NBT BANCORP INC's revenue compounded faster (14.6% 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.

NBT Bank, N.A. is an American financial institution that operates through a network of 176 banking locations in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine and Connecticut. NBT Bank and its parent company, NBT Bancorp Inc., are headquartered in Norwich, New York, United States. NBT Bancorp is traded on the Nasdaq Global Select Market under the symbol NBTB.

DOCN vs NBTB — Head-to-Head

Bigger by revenue
DOCN
DOCN
1.3× larger
DOCN
$242.4M
$184.5M
NBTB
Higher net margin
NBTB
NBTB
17.1% more per $
NBTB
27.7%
10.6%
DOCN
Faster 2-yr revenue CAGR
NBTB
NBTB
Annualised
NBTB
14.6%
14.5%
DOCN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DOCN
DOCN
NBTB
NBTB
Revenue
$242.4M
$184.5M
Net Profit
$25.7M
$51.1M
Gross Margin
58.7%
Operating Margin
16.0%
Net Margin
10.6%
27.7%
Revenue YoY
18.3%
Net Profit YoY
40.5%
127.2%
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
NBTB
NBTB
Q1 26
$184.5M
Q4 25
$242.4M
$185.1M
Q3 25
$229.6M
$186.1M
Q2 25
$218.7M
$171.2M
Q1 25
$210.7M
$154.7M
Q4 24
$204.9M
$148.5M
Q3 24
$198.5M
$147.4M
Q2 24
$192.5M
$140.4M
Net Profit
DOCN
DOCN
NBTB
NBTB
Q1 26
$51.1M
Q4 25
$25.7M
Q3 25
$158.4M
$54.5M
Q2 25
$37.0M
$22.5M
Q1 25
$38.2M
$36.7M
Q4 24
$18.3M
Q3 24
$32.9M
$38.1M
Q2 24
$19.1M
$32.7M
Gross Margin
DOCN
DOCN
NBTB
NBTB
Q1 26
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%
Operating Margin
DOCN
DOCN
NBTB
NBTB
Q1 26
Q4 25
16.0%
37.6%
Q3 25
19.6%
38.6%
Q2 25
16.3%
17.9%
Q1 25
17.9%
30.5%
Q4 24
15.9%
30.7%
Q3 24
12.4%
33.1%
Q2 24
11.6%
29.9%
Net Margin
DOCN
DOCN
NBTB
NBTB
Q1 26
27.7%
Q4 25
10.6%
Q3 25
69.0%
29.3%
Q2 25
16.9%
13.2%
Q1 25
18.1%
23.8%
Q4 24
8.9%
Q3 24
16.6%
25.8%
Q2 24
9.9%
23.3%
EPS (diluted)
DOCN
DOCN
NBTB
NBTB
Q1 26
$0.98
Q4 25
$0.23
$1.09
Q3 25
$1.51
$1.03
Q2 25
$0.39
$0.44
Q1 25
$0.39
$0.77
Q4 24
$0.21
$0.77
Q3 24
$0.33
$0.80
Q2 24
$0.20
$0.69

Balance Sheet & Financial Strength

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

Metric
DOCN
DOCN
NBTB
NBTB
Cash + ST InvestmentsLiquidity on hand
$254.5M
Total DebtLower is stronger
$1.3B
$160.9M
Stockholders' EquityBook value
$-28.7M
$1.9B
Total Assets
$1.8B
$16.2B
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCN
DOCN
NBTB
NBTB
Q1 26
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
Total Debt
DOCN
DOCN
NBTB
NBTB
Q1 26
$160.9M
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
Q1 25
Q4 24
$1.5B
Q3 24
Q2 24
Stockholders' Equity
DOCN
DOCN
NBTB
NBTB
Q1 26
$1.9B
Q4 25
$-28.7M
$1.9B
Q3 25
$-69.6M
$1.9B
Q2 25
$-175.2M
$1.8B
Q1 25
$-210.7M
$1.6B
Q4 24
$-203.0M
$1.5B
Q3 24
$-211.7M
$1.5B
Q2 24
$-253.8M
$1.5B
Total Assets
DOCN
DOCN
NBTB
NBTB
Q1 26
$16.2B
Q4 25
$1.8B
$16.0B
Q3 25
$1.7B
$16.1B
Q2 25
$1.7B
$16.0B
Q1 25
$1.6B
$13.9B
Q4 24
$1.6B
$13.8B
Q3 24
$1.5B
$13.8B
Q2 24
$1.5B
$13.5B
Debt / Equity
DOCN
DOCN
NBTB
NBTB
Q1 26
0.08×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 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
NBTB
NBTB
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
DOCN
DOCN
NBTB
NBTB
Q1 26
Q4 25
$57.3M
$235.2M
Q3 25
$95.8M
$80.6M
Q2 25
$92.4M
$46.5M
Q1 25
$64.1M
$42.0M
Q4 24
$71.3M
$188.6M
Q3 24
$73.4M
$52.1M
Q2 24
$71.3M
$50.5M
Free Cash Flow
DOCN
DOCN
NBTB
NBTB
Q1 26
Q4 25
$31.1M
$218.9M
Q3 25
$88.0M
$74.3M
Q2 25
$59.3M
$44.1M
Q1 25
$2.1M
$38.3M
Q4 24
$26.1M
$176.8M
Q3 24
$16.0M
$47.8M
Q2 24
$39.5M
$49.1M
FCF Margin
DOCN
DOCN
NBTB
NBTB
Q1 26
Q4 25
12.8%
118.2%
Q3 25
38.3%
40.0%
Q2 25
27.1%
25.8%
Q1 25
1.0%
24.8%
Q4 24
12.7%
119.0%
Q3 24
8.1%
32.4%
Q2 24
20.5%
35.0%
Capex Intensity
DOCN
DOCN
NBTB
NBTB
Q1 26
Q4 25
10.8%
8.8%
Q3 25
3.4%
3.4%
Q2 25
15.2%
1.4%
Q1 25
29.4%
2.4%
Q4 24
22.1%
7.9%
Q3 24
28.9%
2.9%
Q2 24
16.6%
1.0%
Cash Conversion
DOCN
DOCN
NBTB
NBTB
Q1 26
Q4 25
2.23×
Q3 25
0.60×
1.48×
Q2 25
2.50×
2.06×
Q1 25
1.68×
1.14×
Q4 24
3.91×
Q3 24
2.23×
1.37×
Q2 24
3.73×
1.54×

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%

NBTB
NBTB

Net Interest Income$134.3M73%
Noninterest Income$50.1M27%

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