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Side-by-side financial comparison of DigitalOcean Holdings, Inc. (DOCN) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.

WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $242.4M, roughly 1.4× DigitalOcean Holdings, Inc.). DigitalOcean Holdings, Inc. runs the higher net margin — 10.6% vs -18.0%, a 28.6% gap on every dollar of revenue. On growth, DigitalOcean Holdings, Inc. posted the faster year-over-year revenue change (18.3% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $31.1M). Over the past eight quarters, DigitalOcean Holdings, Inc.'s revenue compounded faster (14.5% CAGR vs -4.6%).

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.

Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.

DOCN vs WH — Head-to-Head

Bigger by revenue
WH
WH
1.4× larger
WH
$334.0M
$242.4M
DOCN
Growing faster (revenue YoY)
DOCN
DOCN
+94.6% gap
DOCN
18.3%
-76.3%
WH
Higher net margin
DOCN
DOCN
28.6% more per $
DOCN
10.6%
-18.0%
WH
More free cash flow
WH
WH
$136.9M more FCF
WH
$168.0M
$31.1M
DOCN
Faster 2-yr revenue CAGR
DOCN
DOCN
Annualised
DOCN
14.5%
-4.6%
WH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DOCN
DOCN
WH
WH
Revenue
$242.4M
$334.0M
Net Profit
$25.7M
$-60.0M
Gross Margin
58.7%
Operating Margin
16.0%
Net Margin
10.6%
-18.0%
Revenue YoY
18.3%
-76.3%
Net Profit YoY
40.5%
-170.6%
EPS (diluted)
$0.23
$-0.80

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
WH
WH
Q1 26
$334.0M
Q4 25
$242.4M
$334.0M
Q3 25
$229.6M
$382.0M
Q2 25
$218.7M
$397.0M
Q1 25
$210.7M
$316.0M
Q4 24
$204.9M
$336.0M
Q3 24
$198.5M
$396.0M
Q2 24
$192.5M
$367.0M
Net Profit
DOCN
DOCN
WH
WH
Q1 26
$-60.0M
Q4 25
$25.7M
$-60.0M
Q3 25
$158.4M
$105.0M
Q2 25
$37.0M
$87.0M
Q1 25
$38.2M
$61.0M
Q4 24
$18.3M
$85.0M
Q3 24
$32.9M
$102.0M
Q2 24
$19.1M
$86.0M
Gross Margin
DOCN
DOCN
WH
WH
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
WH
WH
Q1 26
Q4 25
16.0%
-11.4%
Q3 25
19.6%
46.6%
Q2 25
16.3%
37.8%
Q1 25
17.9%
35.4%
Q4 24
15.9%
38.4%
Q3 24
12.4%
43.2%
Q2 24
11.6%
39.5%
Net Margin
DOCN
DOCN
WH
WH
Q1 26
-18.0%
Q4 25
10.6%
-18.0%
Q3 25
69.0%
27.5%
Q2 25
16.9%
21.9%
Q1 25
18.1%
19.3%
Q4 24
8.9%
25.3%
Q3 24
16.6%
25.8%
Q2 24
9.9%
23.4%
EPS (diluted)
DOCN
DOCN
WH
WH
Q1 26
$-0.80
Q4 25
$0.23
$-0.77
Q3 25
$1.51
$1.36
Q2 25
$0.39
$1.13
Q1 25
$0.39
$0.78
Q4 24
$0.21
$1.06
Q3 24
$0.33
$1.29
Q2 24
$0.20
$1.07

Balance Sheet & Financial Strength

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

Metric
DOCN
DOCN
WH
WH
Cash + ST InvestmentsLiquidity on hand
$254.5M
$64.0M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$-28.7M
$468.0M
Total Assets
$1.8B
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCN
DOCN
WH
WH
Q1 26
$64.0M
Q4 25
$254.5M
$64.0M
Q3 25
$236.6M
$70.0M
Q2 25
$387.7M
$50.0M
Q1 25
$360.4M
$48.0M
Q4 24
$428.4M
$103.0M
Q3 24
$439.9M
$72.0M
Q2 24
$443.1M
$70.0M
Total Debt
DOCN
DOCN
WH
WH
Q1 26
Q4 25
$1.3B
$2.5B
Q3 25
$1.3B
$2.6B
Q2 25
$2.5B
Q1 25
$2.5B
Q4 24
$1.5B
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Stockholders' Equity
DOCN
DOCN
WH
WH
Q1 26
$468.0M
Q4 25
$-28.7M
$468.0M
Q3 25
$-69.6M
$583.0M
Q2 25
$-175.2M
$570.0M
Q1 25
$-210.7M
$579.0M
Q4 24
$-203.0M
$650.0M
Q3 24
$-211.7M
$583.0M
Q2 24
$-253.8M
$623.0M
Total Assets
DOCN
DOCN
WH
WH
Q1 26
$4.2B
Q4 25
$1.8B
$4.2B
Q3 25
$1.7B
$4.3B
Q2 25
$1.7B
$4.3B
Q1 25
$1.6B
$4.2B
Q4 24
$1.6B
$4.2B
Q3 24
$1.5B
$4.2B
Q2 24
$1.5B
$4.2B
Debt / Equity
DOCN
DOCN
WH
WH
Q1 26
Q4 25
5.37×
Q3 25
4.43×
Q2 25
4.44×
Q1 25
4.29×
Q4 24
3.72×
Q3 24
4.19×
Q2 24
3.83×

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
WH
WH
Operating Cash FlowLast quarter
$57.3M
$367.0M
Free Cash FlowOCF − Capex
$31.1M
$168.0M
FCF MarginFCF / Revenue
12.8%
50.3%
Capex IntensityCapex / Revenue
10.8%
Cash ConversionOCF / Net Profit
2.23×
TTM Free Cash FlowTrailing 4 quarters
$180.5M
$437.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCN
DOCN
WH
WH
Q1 26
$367.0M
Q4 25
$57.3M
$152.0M
Q3 25
$95.8M
$86.0M
Q2 25
$92.4M
$70.0M
Q1 25
$64.1M
$59.0M
Q4 24
$71.3M
$134.0M
Q3 24
$73.4M
$79.0M
Q2 24
$71.3M
$1.0M
Free Cash Flow
DOCN
DOCN
WH
WH
Q1 26
$168.0M
Q4 25
$31.1M
$136.0M
Q3 25
$88.0M
$75.0M
Q2 25
$59.3M
$58.0M
Q1 25
$2.1M
$52.0M
Q4 24
$26.1M
$109.0M
Q3 24
$16.0M
$71.0M
Q2 24
$39.5M
$-6.0M
FCF Margin
DOCN
DOCN
WH
WH
Q1 26
50.3%
Q4 25
12.8%
40.7%
Q3 25
38.3%
19.6%
Q2 25
27.1%
14.6%
Q1 25
1.0%
16.5%
Q4 24
12.7%
32.4%
Q3 24
8.1%
17.9%
Q2 24
20.5%
-1.6%
Capex Intensity
DOCN
DOCN
WH
WH
Q1 26
Q4 25
10.8%
4.8%
Q3 25
3.4%
2.9%
Q2 25
15.2%
3.0%
Q1 25
29.4%
2.2%
Q4 24
22.1%
7.4%
Q3 24
28.9%
2.0%
Q2 24
16.6%
1.9%
Cash Conversion
DOCN
DOCN
WH
WH
Q1 26
Q4 25
2.23×
Q3 25
0.60×
0.82×
Q2 25
2.50×
0.80×
Q1 25
1.68×
0.97×
Q4 24
3.91×
1.58×
Q3 24
2.23×
0.77×
Q2 24
3.73×
0.01×

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%

WH
WH

Fee-related and other revenues$334.0M100%
Management and other fees$2.0M1%

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