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Datadog（DDOG）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是Datadog的1.5倍（$1.5B vs $953.2M），Datadog净利率更高（4.9% vs -3.1%，领先8.0%），Datadog同比增速更快（29.2% vs -11.9%），Datadog自由现金流更多（$318.2M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 24.9%）
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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
DDOG vs RXO — 直观对比
营收规模更大
RXO
是对方的1.5倍
$953.2M
营收增速更快
DDOG
高出41.1%
-11.9%
净利率更高
DDOG
高出8.0%
-3.1%
自由现金流更多
DDOG
多$327.2M
$-9.0M
两年增速更快
RXO
近两年复合增速
24.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $953.2M | $1.5B |
| 净利润 | $46.6M | $-46.0M |
| 毛利率 | 80.4% | — |
| 营业利润率 | 1.0% | -2.9% |
| 净利率 | 4.9% | -3.1% |
| 营收同比 | 29.2% | -11.9% |
| 净利润同比 | 2.1% | -84.0% |
| 每股收益（稀释后） | $0.13 | $-0.28 |
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DDOGRXO
| Q4 25 | $953.2M | $1.5B | ||
| Q3 25 | $885.7M | $1.4B | ||
| Q2 25 | $826.8M | $1.4B | ||
| Q1 25 | $761.6M | $1.4B | ||
| Q4 24 | $737.7M | $1.7B | ||
| Q3 24 | $690.0M | $1.0B | ||
| Q2 24 | $645.3M | $930.0M | ||
| Q1 24 | $611.3M | $913.0M |
净利润DDOGRXO
| Q4 25 | $46.6M | $-46.0M | ||
| Q3 25 | $33.9M | $-14.0M | ||
| Q2 25 | $2.6M | $-9.0M | ||
| Q1 25 | $24.6M | $-31.0M | ||
| Q4 24 | $45.6M | $-25.0M | ||
| Q3 24 | $51.7M | $-243.0M | ||
| Q2 24 | $43.8M | $-7.0M | ||
| Q1 24 | $42.6M | $-15.0M |
毛利率DDOGRXO
| 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DDOGRXO
| Q4 25 | 1.0% | -2.9% | ||
| Q3 25 | -0.7% | -0.5% | ||
| Q2 25 | -4.3% | — | ||
| Q1 25 | -1.6% | -2.1% | ||
| Q4 24 | 1.3% | -1.4% | ||
| Q3 24 | 2.9% | -1.9% | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | 2.0% | -1.3% |
净利率DDOGRXO
| Q4 25 | 4.9% | -3.1% | ||
| Q3 25 | 3.8% | -1.0% | ||
| Q2 25 | 0.3% | -0.6% | ||
| Q1 25 | 3.2% | -2.2% | ||
| Q4 24 | 6.2% | -1.5% | ||
| Q3 24 | 7.5% | -23.4% | ||
| Q2 24 | 6.8% | -0.8% | ||
| Q1 24 | 7.0% | -1.6% |
每股收益（稀释后）DDOGRXO
| Q4 25 | $0.13 | $-0.28 | ||
| Q3 25 | $0.10 | $-0.08 | ||
| Q2 25 | $0.01 | $-0.05 | ||
| Q1 25 | $0.07 | $-0.18 | ||
| Q4 24 | $0.14 | $-0.17 | ||
| Q3 24 | $0.14 | $-1.81 | ||
| Q2 24 | $0.12 | $-0.06 | ||
| Q1 24 | $0.12 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | $3.7B | $1.5B |
| 总资产 | $6.6B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资DDOGRXO
| Q4 25 | $401.3M | $17.0M | ||
| Q3 25 | $540.6M | $25.0M | ||
| Q2 25 | $489.0M | $18.0M | ||
| Q1 25 | $1.1B | $16.0M | ||
| Q4 24 | $1.2B | $35.0M | ||
| Q3 24 | $337.4M | $55.0M | ||
| Q2 24 | $411.0M | $7.0M | ||
| Q1 24 | $282.2M | $7.0M |
总债务DDOGRXO
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
股东权益DDOGRXO
| Q4 25 | $3.7B | $1.5B | ||
| Q3 25 | $3.4B | $1.6B | ||
| Q2 25 | $3.2B | $1.6B | ||
| Q1 25 | $2.9B | $1.6B | ||
| Q4 24 | $2.7B | $1.6B | ||
| Q3 24 | $2.6B | $1.7B | ||
| Q2 24 | $2.4B | $579.0M | ||
| Q1 24 | $2.2B | $582.0M |
总资产DDOGRXO
| Q4 25 | $6.6B | $3.3B | ||
| Q3 25 | $6.1B | $3.2B | ||
| Q2 25 | $5.8B | $3.2B | ||
| Q1 25 | $6.0B | $3.3B | ||
| Q4 24 | $5.8B | $3.4B | ||
| Q3 24 | $4.6B | $3.4B | ||
| Q2 24 | $4.4B | $1.8B | ||
| Q1 24 | $4.1B | $1.8B |
负债/权益比DDOGRXO
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $318.2M | $-9.0M |
| 自由现金流率自由现金流/营收 | 33.4% | -0.6% |
| 资本支出强度资本支出/营收 | 0.9% | 1.1% |
| 现金转化率经营现金流/净利润 | 7.02× | — |
| 过去12个月自由现金流最近4个季度 | $1.0B | $-8.0M |
8季度趋势，按日历期对齐
经营现金流DDOGRXO
| Q4 25 | $327.1M | $7.0M | ||
| Q3 25 | $251.5M | $23.0M | ||
| Q2 25 | $200.1M | $23.0M | ||
| Q1 25 | $271.5M | $-2.0M | ||
| Q4 24 | $265.2M | $-7.0M | ||
| Q3 24 | $228.7M | $-7.0M | ||
| Q2 24 | $164.4M | $-5.0M | ||
| Q1 24 | $212.3M | $7.0M |
自由现金流DDOGRXO
| Q4 25 | $318.2M | $-9.0M | ||
| Q3 25 | $234.7M | $9.0M | ||
| Q2 25 | $184.9M | $9.0M | ||
| Q1 25 | $262.8M | $-17.0M | ||
| Q4 24 | $257.5M | $-19.0M | ||
| Q3 24 | $220.3M | $-18.0M | ||
| Q2 24 | $160.0M | $-16.0M | ||
| Q1 24 | $198.1M | $-4.0M |
自由现金流率DDOGRXO
| Q4 25 | 33.4% | -0.6% | ||
| Q3 25 | 26.5% | 0.6% | ||
| Q2 25 | 22.4% | 0.6% | ||
| Q1 25 | 34.5% | -1.2% | ||
| Q4 24 | 34.9% | -1.1% | ||
| Q3 24 | 31.9% | -1.7% | ||
| Q2 24 | 24.8% | -1.7% | ||
| Q1 24 | 32.4% | -0.4% |
资本支出强度DDOGRXO
| Q4 25 | 0.9% | 1.1% | ||
| Q3 25 | 1.9% | 1.0% | ||
| Q2 25 | 1.8% | 1.0% | ||
| Q1 25 | 1.1% | 1.0% | ||
| Q4 24 | 1.1% | 0.7% | ||
| Q3 24 | 1.2% | 1.1% | ||
| Q2 24 | 0.7% | 1.2% | ||
| Q1 24 | 2.3% | 1.2% |
现金转化率DDOGRXO
| Q4 25 | 7.02× | — | ||
| Q3 25 | 7.42× | — | ||
| Q2 25 | 75.58× | — | ||
| Q1 25 | 11.02× | — | ||
| Q4 24 | 5.82× | — | ||
| Q3 24 | 4.42× | — | ||
| Q2 24 | 3.75× | — | ||
| Q1 24 | 4.98× | — |
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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
