vs
Datadog（DDOG）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
Datadog的季度营收约是美森的1.1倍（$953.2M vs $851.9M），美森净利率更高（16.8% vs 4.9%，领先11.9%），Datadog同比增速更快（29.2% vs -4.3%），Datadog自由现金流更多（$318.2M vs $42.2M），过去两年Datadog的营收复合增速更高（24.9% vs 8.6%）
Datadog是一家美国企业，为云级应用提供可观测性服务，旗下SaaS数据分析平台可实现对服务器、数据库、各类工具及服务的统一监控。公司成立并总部位于纽约，目前在纳斯达克证券交易所公开上市。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
DDOG vs MATX — 直观对比
营收规模更大
DDOG
是对方的1.1倍
$851.9M
营收增速更快
DDOG
高出33.5%
-4.3%
净利率更高
MATX
高出11.9%
4.9%
自由现金流更多
DDOG
多$276.0M
$42.2M
两年增速更快
DDOG
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $953.2M | $851.9M |
| 净利润 | $46.6M | $143.1M |
| 毛利率 | 80.4% | — |
| 营业利润率 | 1.0% | 16.9% |
| 净利率 | 4.9% | 16.8% |
| 营收同比 | 29.2% | -4.3% |
| 净利润同比 | 2.1% | 11.8% |
| 每股收益（稀释后） | $0.13 | $4.47 |
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DDOGMATX
| Q4 25 | $953.2M | $851.9M | ||
| Q3 25 | $885.7M | $880.1M | ||
| Q2 25 | $826.8M | $830.5M | ||
| Q1 25 | $761.6M | $782.0M | ||
| Q4 24 | $737.7M | $890.3M | ||
| Q3 24 | $690.0M | $962.0M | ||
| Q2 24 | $645.3M | $847.4M | ||
| Q1 24 | $611.3M | $722.1M |
净利润DDOGMATX
| Q4 25 | $46.6M | $143.1M | ||
| Q3 25 | $33.9M | $134.7M | ||
| Q2 25 | $2.6M | $94.7M | ||
| Q1 25 | $24.6M | $72.3M | ||
| Q4 24 | $45.6M | $128.0M | ||
| Q3 24 | $51.7M | $199.1M | ||
| Q2 24 | $43.8M | $113.2M | ||
| Q1 24 | $42.6M | $36.1M |
毛利率DDOGMATX
| Q4 25 | 80.4% | — | ||
| Q3 25 | 80.1% | — | ||
| Q2 25 | 79.9% | — | ||
| Q1 25 | 79.3% | — | ||
| Q4 24 | 80.5% | — | ||
| Q3 24 | 80.0% | — | ||
| Q2 24 | 80.9% | — | ||
| Q1 24 | 82.0% | — |
营业利润率DDOGMATX
| Q4 25 | 1.0% | 16.9% | ||
| Q3 25 | -0.7% | 18.3% | ||
| Q2 25 | -4.3% | 13.6% | ||
| Q1 25 | -1.6% | 10.5% | ||
| Q4 24 | 1.3% | 16.6% | ||
| Q3 24 | 2.9% | 25.2% | ||
| Q2 24 | 2.0% | 14.7% | ||
| Q1 24 | 2.0% | 5.1% |
净利率DDOGMATX
| Q4 25 | 4.9% | 16.8% | ||
| Q3 25 | 3.8% | 15.3% | ||
| Q2 25 | 0.3% | 11.4% | ||
| Q1 25 | 3.2% | 9.2% | ||
| Q4 24 | 6.2% | 14.4% | ||
| Q3 24 | 7.5% | 20.7% | ||
| Q2 24 | 6.8% | 13.4% | ||
| Q1 24 | 7.0% | 5.0% |
每股收益（稀释后）DDOGMATX
| Q4 25 | $0.13 | $4.47 | ||
| Q3 25 | $0.10 | $4.24 | ||
| Q2 25 | $0.01 | $2.92 | ||
| Q1 25 | $0.07 | $2.18 | ||
| Q4 24 | $0.14 | $3.69 | ||
| Q3 24 | $0.14 | $5.89 | ||
| Q2 24 | $0.12 | $3.31 | ||
| Q1 24 | $0.12 | $1.04 |
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 | $401.3M | $141.9M |
| 总债务越低越好 | — | $361.2M |
| 股东权益账面价值 | $3.7B | $2.8B |
| 总资产 | $6.6B | $4.6B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资DDOGMATX
| Q4 25 | $401.3M | $141.9M | ||
| Q3 25 | $540.6M | $92.7M | ||
| Q2 25 | $489.0M | $59.1M | ||
| Q1 25 | $1.1B | $122.0M | ||
| Q4 24 | $1.2B | $266.8M | ||
| Q3 24 | $337.4M | $270.3M | ||
| Q2 24 | $411.0M | $168.2M | ||
| Q1 24 | $282.2M | $25.9M |
总债务DDOGMATX
| Q4 25 | — | $361.2M | ||
| Q3 25 | — | $370.9M | ||
| Q2 25 | — | $341.3M | ||
| Q1 25 | — | $351.1M | ||
| Q4 24 | — | $361.2M | ||
| Q3 24 | — | $370.9M | ||
| Q2 24 | — | $381.0M | ||
| Q1 24 | — | $390.8M |
股东权益DDOGMATX
| Q4 25 | $3.7B | $2.8B | ||
| Q3 25 | $3.4B | $2.7B | ||
| Q2 25 | $3.2B | $2.6B | ||
| Q1 25 | $2.9B | $2.6B | ||
| Q4 24 | $2.7B | $2.7B | ||
| Q3 24 | $2.6B | $2.6B | ||
| Q2 24 | $2.4B | $2.4B | ||
| Q1 24 | $2.2B | $2.4B |
总资产DDOGMATX
| Q4 25 | $6.6B | $4.6B | ||
| Q3 25 | $6.1B | $4.6B | ||
| Q2 25 | $5.8B | $4.5B | ||
| Q1 25 | $6.0B | $4.5B | ||
| Q4 24 | $5.8B | $4.6B | ||
| Q3 24 | $4.6B | $4.4B | ||
| Q2 24 | $4.4B | $4.3B | ||
| Q1 24 | $4.1B | $4.2B |
负债/权益比DDOGMATX
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | $327.1M | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $318.2M | $42.2M |
| 自由现金流率自由现金流/营收 | 33.4% | 5.0% |
| 资本支出强度资本支出/营收 | 0.9% | 15.8% |
| 现金转化率经营现金流/净利润 | 7.02× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $153.7M |
8季度趋势，按日历期对齐
经营现金流DDOGMATX
| Q4 25 | $327.1M | $176.9M | ||
| Q3 25 | $251.5M | $175.6M | ||
| Q2 25 | $200.1M | $105.6M | ||
| Q1 25 | $271.5M | $89.0M | ||
| Q4 24 | $265.2M | $174.7M | ||
| Q3 24 | $228.7M | $248.6M | ||
| Q2 24 | $164.4M | $307.9M | ||
| Q1 24 | $212.3M | $36.6M |
自由现金流DDOGMATX
| Q4 25 | $318.2M | $42.2M | ||
| Q3 25 | $234.7M | $92.4M | ||
| Q2 25 | $184.9M | $19.3M | ||
| Q1 25 | $262.8M | $-200.0K | ||
| Q4 24 | $257.5M | $49.3M | ||
| Q3 24 | $220.3M | $189.0M | ||
| Q2 24 | $160.0M | $238.1M | ||
| Q1 24 | $198.1M | $-18.7M |
自由现金流率DDOGMATX
| Q4 25 | 33.4% | 5.0% | ||
| Q3 25 | 26.5% | 10.5% | ||
| Q2 25 | 22.4% | 2.3% | ||
| Q1 25 | 34.5% | -0.0% | ||
| Q4 24 | 34.9% | 5.5% | ||
| Q3 24 | 31.9% | 19.6% | ||
| Q2 24 | 24.8% | 28.1% | ||
| Q1 24 | 32.4% | -2.6% |
资本支出强度DDOGMATX
| Q4 25 | 0.9% | 15.8% | ||
| Q3 25 | 1.9% | 9.5% | ||
| Q2 25 | 1.8% | 10.4% | ||
| Q1 25 | 1.1% | 11.4% | ||
| Q4 24 | 1.1% | 14.1% | ||
| Q3 24 | 1.2% | 6.2% | ||
| Q2 24 | 0.7% | 8.2% | ||
| Q1 24 | 2.3% | 7.7% |
现金转化率DDOGMATX
| Q4 25 | 7.02× | 1.24× | ||
| Q3 25 | 7.42× | 1.30× | ||
| Q2 25 | 75.58× | 1.12× | ||
| Q1 25 | 11.02× | 1.23× | ||
| Q4 24 | 5.82× | 1.36× | ||
| Q3 24 | 4.42× | 1.25× | ||
| Q2 24 | 3.75× | 2.72× | ||
| Q1 24 | 4.98× | 1.01× |
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
DDOG
| North America | $678.7M | 71% |
| International | $274.5M | 29% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
