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AAON, INC.（AAON）与DigitalOcean Holdings, Inc.（DOCN）财务数据对比。点击上方公司名可切换其他公司
AAON, INC.的季度营收约是DigitalOcean Holdings, Inc.的1.8倍（$424.2M vs $242.4M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs 7.6%，领先3.0%），AAON, INC.同比增速更快（42.5% vs 18.3%），过去两年AAON, INC.的营收复合增速更高（27.2% vs 14.5%）
AAON公司是商用及工业领域暖通空调设备专业生产商，总部位于美国俄克拉荷马州塔尔萨市，在得克萨斯州朗维尤、密苏里州帕克维尔、俄勒冈州雷德蒙德设有生产基地，全球员工约4000人，年销售额超8.8亿美元。
DigitalOcean Holdings, Inc.是美国跨国科技企业及云服务提供商，总部位于美国科罗拉多州布鲁姆菲尔德，在全球布局15个数据中心，面向开发者、初创企业及中小微企业提供稳定易用的云基础设施即服务平台，助力各类技术团队高效开展业务。
AAON vs DOCN — 直观对比
营收规模更大
AAON
是对方的1.8倍
$242.4M
营收增速更快
AAON
高出24.2%
18.3%
净利率更高
DOCN
高出3.0%
7.6%
两年增速更快
AAON
近两年复合增速
14.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $424.2M | $242.4M |
| 净利润 | $32.0M | $25.7M |
| 毛利率 | 25.9% | 58.7% |
| 营业利润率 | 10.4% | 16.0% |
| 净利率 | 7.6% | 10.6% |
| 营收同比 | 42.5% | 18.3% |
| 净利润同比 | 29.7% | 40.5% |
| 每股收益（稀释后） | $0.38 | $0.23 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AAONDOCN
| Q4 25 | $424.2M | $242.4M | ||
| Q3 25 | $384.2M | $229.6M | ||
| Q2 25 | $311.6M | $218.7M | ||
| Q1 25 | $322.1M | $210.7M | ||
| Q4 24 | $297.7M | $204.9M | ||
| Q3 24 | $327.3M | $198.5M | ||
| Q2 24 | $313.6M | $192.5M | ||
| Q1 24 | $262.1M | $184.7M |
净利润AAONDOCN
| Q4 25 | $32.0M | $25.7M | ||
| Q3 25 | $30.8M | $158.4M | ||
| Q2 25 | $15.5M | $37.0M | ||
| Q1 25 | $29.3M | $38.2M | ||
| Q4 24 | $24.7M | $18.3M | ||
| Q3 24 | $52.6M | $32.9M | ||
| Q2 24 | $52.2M | $19.1M | ||
| Q1 24 | $39.0M | $14.1M |
毛利率AAONDOCN
| Q4 25 | 25.9% | 58.7% | ||
| Q3 25 | 27.8% | 59.6% | ||
| Q2 25 | 26.6% | 59.9% | ||
| Q1 25 | 26.8% | 61.4% | ||
| Q4 24 | 26.1% | 57.1% | ||
| Q3 24 | 34.9% | 60.2% | ||
| Q2 24 | 36.1% | 61.0% | ||
| Q1 24 | 35.2% | 60.7% |
营业利润率AAONDOCN
| Q4 25 | 10.4% | 16.0% | ||
| Q3 25 | 11.3% | 19.6% | ||
| Q2 25 | 7.6% | 16.3% | ||
| Q1 25 | 10.9% | 17.9% | ||
| Q4 24 | 9.9% | 15.9% | ||
| Q3 24 | 20.0% | 12.4% | ||
| Q2 24 | 21.4% | 11.6% | ||
| Q1 24 | 17.9% | 6.2% |
净利率AAONDOCN
| Q4 25 | 7.6% | 10.6% | ||
| Q3 25 | 8.0% | 69.0% | ||
| Q2 25 | 5.0% | 16.9% | ||
| Q1 25 | 9.1% | 18.1% | ||
| Q4 24 | 8.3% | 8.9% | ||
| Q3 24 | 16.1% | 16.6% | ||
| Q2 24 | 16.7% | 9.9% | ||
| Q1 24 | 14.9% | 7.7% |
每股收益（稀释后）AAONDOCN
| Q4 25 | $0.38 | $0.23 | ||
| Q3 25 | $0.37 | $1.51 | ||
| Q2 25 | $0.19 | $0.39 | ||
| Q1 25 | $0.35 | $0.39 | ||
| Q4 24 | $0.31 | $0.21 | ||
| Q3 24 | $0.63 | $0.33 | ||
| Q2 24 | $0.62 | $0.20 | ||
| Q1 24 | $0.46 | $0.15 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $13.0K | $254.5M |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $895.0M | $-28.7M |
| 总资产 | $1.7B | $1.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AAONDOCN
| Q4 25 | $13.0K | $254.5M | ||
| Q3 25 | $1.0M | $236.6M | ||
| Q2 25 | $14.0K | $387.7M | ||
| Q1 25 | $994.0K | $360.4M | ||
| Q4 24 | $14.0K | $428.4M | ||
| Q3 24 | $15.0K | $439.9M | ||
| Q2 24 | $13.0K | $443.1M | ||
| Q1 24 | $8.4M | $419.1M |
总债务AAONDOCN
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AAONDOCN
| Q4 25 | $895.0M | $-28.7M | ||
| Q3 25 | $863.1M | $-69.6M | ||
| Q2 25 | $832.7M | $-175.2M | ||
| Q1 25 | $815.9M | $-210.7M | ||
| Q4 24 | $824.6M | $-203.0M | ||
| Q3 24 | $796.9M | $-211.7M | ||
| Q2 24 | $740.5M | $-253.8M | ||
| Q1 24 | $784.8M | $-286.1M |
总资产AAONDOCN
| Q4 25 | $1.7B | $1.8B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $1.0B | $1.5B | ||
| Q1 24 | $952.9M | $1.5B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $19.3M | $57.3M |
| 自由现金流经营现金流 - 资本支出 | — | $31.1M |
| 自由现金流率自由现金流/营收 | — | 12.8% |
| 资本支出强度资本支出/营收 | — | 10.8% |
| 现金转化率经营现金流/净利润 | 0.60× | 2.23× |
| 过去12个月自由现金流最近4个季度 | — | $180.5M |
8季度趋势，按日历期对齐
经营现金流AAONDOCN
| Q4 25 | $19.3M | $57.3M | ||
| Q3 25 | $12.3M | $95.8M | ||
| Q2 25 | $-21.8M | $92.4M | ||
| Q1 25 | $-9.2M | $64.1M | ||
| Q4 24 | $845.0K | $71.3M | ||
| Q3 24 | $63.8M | $73.4M | ||
| Q2 24 | $35.5M | $71.3M | ||
| Q1 24 | $92.4M | $66.7M |
自由现金流AAONDOCN
| Q4 25 | — | $31.1M | ||
| Q3 25 | — | $88.0M | ||
| Q2 25 | — | $59.3M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | — | $26.1M | ||
| Q3 24 | — | $16.0M | ||
| Q2 24 | — | $39.5M | ||
| Q1 24 | — | $23.0M |
自由现金流率AAONDOCN
| Q4 25 | — | 12.8% | ||
| Q3 25 | — | 38.3% | ||
| Q2 25 | — | 27.1% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 20.5% | ||
| Q1 24 | — | 12.5% |
资本支出强度AAONDOCN
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | 29.4% | ||
| Q4 24 | — | 22.1% | ||
| Q3 24 | — | 28.9% | ||
| Q2 24 | — | 16.6% | ||
| Q1 24 | — | 23.6% |
现金转化率AAONDOCN
| Q4 25 | 0.60× | 2.23× | ||
| Q3 25 | 0.40× | 0.60× | ||
| Q2 25 | -1.41× | 2.50× | ||
| Q1 25 | -0.31× | 1.68× | ||
| Q4 24 | 0.03× | 3.91× | ||
| Q3 24 | 1.21× | 2.23× | ||
| Q2 24 | 0.68× | 3.73× | ||
| Q1 24 | 2.37× | 4.72× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AAON
| AAON Oklahoma | $215.5M | 51% |
| Bas X | $106.1M | 25% |
| AAON Coil Products | $102.6M | 24% |
DOCN
| Scalers | $84.3M | 35% |
| Scalers Plus | $69.9M | 29% |
| Builders | $64.1M | 26% |
| Learners Testers And Other | $24.1M | 10% |
