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Side-by-side financial comparison of DigitalOcean Holdings, Inc. (DOCN) and Oatly Group AB (OTLY). Click either name above to swap in a different company.

Oatly Group AB is the larger business by last-quarter revenue ($456.6M vs $242.4M, roughly 1.9× DigitalOcean Holdings, Inc.). DigitalOcean Holdings, Inc. runs the higher net margin — 10.6% vs -18.5%, a 29.1% gap on every dollar of revenue. On growth, DigitalOcean Holdings, Inc. posted the faster year-over-year revenue change (18.3% vs 8.1%). DigitalOcean Holdings, Inc. produced more free cash flow last quarter ($31.1M vs $-11.3M).

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.

Oatly Group AB is a Swedish food company, publicly traded on the American stock market, that produces alternatives to dairy products from oats, including oat milk. Oatly was formed in the 1990s using research from Lund University. Oatly has headquarters in Malmö and a production and development centre in Landskrona.

DOCN vs OTLY — Head-to-Head

Bigger by revenue
OTLY
OTLY
1.9× larger
OTLY
$456.6M
$242.4M
DOCN
Growing faster (revenue YoY)
DOCN
DOCN
+10.2% gap
DOCN
18.3%
8.1%
OTLY
Higher net margin
DOCN
DOCN
29.1% more per $
DOCN
10.6%
-18.5%
OTLY
More free cash flow
DOCN
DOCN
$42.5M more FCF
DOCN
$31.1M
$-11.3M
OTLY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DOCN
DOCN
OTLY
OTLY
Revenue
$242.4M
$456.6M
Net Profit
$25.7M
$-84.6M
Gross Margin
58.7%
32.2%
Operating Margin
16.0%
-5.9%
Net Margin
10.6%
-18.5%
Revenue YoY
18.3%
8.1%
Net Profit YoY
40.5%
32.8%
EPS (diluted)
$0.23
$-0.14

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
OTLY
OTLY
Q4 25
$242.4M
$456.6M
Q3 25
$229.6M
Q2 25
$218.7M
$208.4M
Q1 25
$210.7M
Q4 24
$204.9M
$422.3M
Q3 24
$198.5M
Q2 24
$192.5M
$202.2M
Q1 24
$184.7M
Net Profit
DOCN
DOCN
OTLY
OTLY
Q4 25
$25.7M
$-84.6M
Q3 25
$158.4M
Q2 25
$37.0M
$-55.9M
Q1 25
$38.2M
Q4 24
$18.3M
$-126.0M
Q3 24
$32.9M
Q2 24
$19.1M
$-30.4M
Q1 24
$14.1M
Gross Margin
DOCN
DOCN
OTLY
OTLY
Q4 25
58.7%
32.2%
Q3 25
59.6%
Q2 25
59.9%
32.5%
Q1 25
61.4%
Q4 24
57.1%
29.3%
Q3 24
60.2%
Q2 24
61.0%
29.2%
Q1 24
60.7%
Operating Margin
DOCN
DOCN
OTLY
OTLY
Q4 25
16.0%
-5.9%
Q3 25
19.6%
Q2 25
16.3%
-10.6%
Q1 25
17.9%
Q4 24
15.9%
-28.1%
Q3 24
12.4%
Q2 24
11.6%
-19.3%
Q1 24
6.2%
Net Margin
DOCN
DOCN
OTLY
OTLY
Q4 25
10.6%
-18.5%
Q3 25
69.0%
Q2 25
16.9%
-26.9%
Q1 25
18.1%
Q4 24
8.9%
-29.8%
Q3 24
16.6%
Q2 24
9.9%
-15.1%
Q1 24
7.7%
EPS (diluted)
DOCN
DOCN
OTLY
OTLY
Q4 25
$0.23
$-0.14
Q3 25
$1.51
Q2 25
$0.39
$-0.09
Q1 25
$0.39
Q4 24
$0.21
$-0.21
Q3 24
$0.33
Q2 24
$0.20
$-0.05
Q1 24
$0.15

Balance Sheet & Financial Strength

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

Metric
DOCN
DOCN
OTLY
OTLY
Cash + ST InvestmentsLiquidity on hand
$254.5M
$64.3M
Total DebtLower is stronger
$1.3B
$523.0M
Stockholders' EquityBook value
$-28.7M
$19.7M
Total Assets
$1.8B
$787.2M
Debt / EquityLower = less leverage
26.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCN
DOCN
OTLY
OTLY
Q4 25
$254.5M
$64.3M
Q3 25
$236.6M
Q2 25
$387.7M
$67.9M
Q1 25
$360.4M
Q4 24
$428.4M
$98.9M
Q3 24
$439.9M
Q2 24
$443.1M
$142.7M
Q1 24
$419.1M
Total Debt
DOCN
DOCN
OTLY
OTLY
Q4 25
$1.3B
$523.0M
Q3 25
$1.3B
Q2 25
$120.6M
Q1 25
Q4 24
$1.5B
$446.4M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DOCN
DOCN
OTLY
OTLY
Q4 25
$-28.7M
$19.7M
Q3 25
$-69.6M
Q2 25
$-175.2M
$96.7M
Q1 25
$-210.7M
Q4 24
$-203.0M
$106.1M
Q3 24
$-211.7M
Q2 24
$-253.8M
$245.8M
Q1 24
$-286.1M
Total Assets
DOCN
DOCN
OTLY
OTLY
Q4 25
$1.8B
$787.2M
Q3 25
$1.7B
Q2 25
$1.7B
$803.1M
Q1 25
$1.6B
Q4 24
$1.6B
$804.0M
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$1.5B
Debt / Equity
DOCN
DOCN
OTLY
OTLY
Q4 25
26.59×
Q3 25
Q2 25
1.25×
Q1 25
Q4 24
4.21×
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
OTLY
OTLY
Operating Cash FlowLast quarter
$57.3M
$-8.7M
Free Cash FlowOCF − Capex
$31.1M
$-11.3M
FCF MarginFCF / Revenue
12.8%
-2.5%
Capex IntensityCapex / Revenue
10.8%
0.6%
Cash ConversionOCF / Net Profit
2.23×
TTM Free Cash FlowTrailing 4 quarters
$180.5M
$-189.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCN
DOCN
OTLY
OTLY
Q4 25
$57.3M
$-8.7M
Q3 25
$95.8M
Q2 25
$92.4M
$-15.0M
Q1 25
$64.1M
Q4 24
$71.3M
$-28.4M
Q3 24
$73.4M
Q2 24
$71.3M
$-86.0M
Q1 24
$66.7M
Free Cash Flow
DOCN
DOCN
OTLY
OTLY
Q4 25
$31.1M
$-11.3M
Q3 25
$88.0M
Q2 25
$59.3M
$-24.8M
Q1 25
$2.1M
Q4 24
$26.1M
$-47.9M
Q3 24
$16.0M
Q2 24
$39.5M
$-105.7M
Q1 24
$23.0M
FCF Margin
DOCN
DOCN
OTLY
OTLY
Q4 25
12.8%
-2.5%
Q3 25
38.3%
Q2 25
27.1%
-11.9%
Q1 25
1.0%
Q4 24
12.7%
-11.3%
Q3 24
8.1%
Q2 24
20.5%
-52.3%
Q1 24
12.5%
Capex Intensity
DOCN
DOCN
OTLY
OTLY
Q4 25
10.8%
0.6%
Q3 25
3.4%
Q2 25
15.2%
4.7%
Q1 25
29.4%
Q4 24
22.1%
4.6%
Q3 24
28.9%
Q2 24
16.6%
9.7%
Q1 24
23.6%
Cash Conversion
DOCN
DOCN
OTLY
OTLY
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

DOCN
DOCN

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

OTLY
OTLY

Segment breakdown not available.

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