vs
Datadog（DDOG）与Toast, Inc.（TOST）财务数据对比。点击上方公司名可切换其他公司
Toast, Inc.的季度营收约是Datadog的1.7倍（$1.6B vs $953.2M），Toast, Inc.净利率更高（6.2% vs 4.9%，领先1.3%），Datadog同比增速更快（29.2% vs 22.0%），Datadog自由现金流更多（$318.2M vs $178.0M），过去两年Datadog的营收复合增速更高（24.9% vs 23.3%）
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。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
DDOG vs TOST — 直观对比
营收规模更大
TOST
是对方的1.7倍
$953.2M
营收增速更快
DDOG
高出7.2%
22.0%
净利率更高
TOST
高出1.3%
4.9%
自由现金流更多
DDOG
多$140.2M
$178.0M
两年增速更快
DDOG
近两年复合增速
23.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $953.2M | $1.6B |
| 净利润 | $46.6M | $101.0M |
| 毛利率 | 80.4% | 25.9% |
| 营业利润率 | 1.0% | 5.2% |
| 净利率 | 4.9% | 6.2% |
| 营收同比 | 29.2% | 22.0% |
| 净利润同比 | 2.1% | 215.6% |
| 每股收益（稀释后） | $0.13 | $0.18 |
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DDOGTOST
| Q4 25 | $953.2M | $1.6B | ||
| Q3 25 | $885.7M | $1.6B | ||
| Q2 25 | $826.8M | $1.6B | ||
| Q1 25 | $761.6M | $1.3B | ||
| Q4 24 | $737.7M | $1.3B | ||
| Q3 24 | $690.0M | $1.3B | ||
| Q2 24 | $645.3M | $1.2B | ||
| Q1 24 | $611.3M | $1.1B |
净利润DDOGTOST
| Q4 25 | $46.6M | $101.0M | ||
| Q3 25 | $33.9M | $105.0M | ||
| Q2 25 | $2.6M | $80.0M | ||
| Q1 25 | $24.6M | $56.0M | ||
| Q4 24 | $45.6M | $32.0M | ||
| Q3 24 | $51.7M | $56.0M | ||
| Q2 24 | $43.8M | $14.0M | ||
| Q1 24 | $42.6M | $-83.0M |
毛利率DDOGTOST
| Q4 25 | 80.4% | 25.9% | ||
| Q3 25 | 80.1% | 26.5% | ||
| Q2 25 | 79.9% | 25.3% | ||
| Q1 25 | 79.3% | 25.9% | ||
| Q4 24 | 80.5% | 24.9% | ||
| Q3 24 | 80.0% | 24.7% | ||
| Q2 24 | 80.9% | 23.0% | ||
| Q1 24 | 82.0% | 23.2% |
营业利润率DDOGTOST
| Q4 25 | 1.0% | 5.2% | ||
| Q3 25 | -0.7% | 5.1% | ||
| Q2 25 | -4.3% | 5.2% | ||
| Q1 25 | -1.6% | 3.2% | ||
| Q4 24 | 1.3% | 2.5% | ||
| Q3 24 | 2.9% | 2.6% | ||
| Q2 24 | 2.0% | 0.4% | ||
| Q1 24 | 2.0% | -5.2% |
净利率DDOGTOST
| Q4 25 | 4.9% | 6.2% | ||
| Q3 25 | 3.8% | 6.4% | ||
| Q2 25 | 0.3% | 5.2% | ||
| Q1 25 | 3.2% | 4.2% | ||
| Q4 24 | 6.2% | 2.4% | ||
| Q3 24 | 7.5% | 4.3% | ||
| Q2 24 | 6.8% | 1.1% | ||
| Q1 24 | 7.0% | -7.7% |
每股收益（稀释后）DDOGTOST
| Q4 25 | $0.13 | $0.18 | ||
| Q3 25 | $0.10 | $0.16 | ||
| Q2 25 | $0.01 | $0.13 | ||
| Q1 25 | $0.07 | $0.09 | ||
| Q4 24 | $0.14 | $0.09 | ||
| Q3 24 | $0.14 | $0.07 | ||
| Q2 24 | $0.12 | $0.02 | ||
| Q1 24 | $0.12 | $-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 | $401.3M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.7B | $2.1B |
| 总资产 | $6.6B | $3.1B |
| 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DDOGTOST
| Q4 25 | $401.3M | $1.4B | ||
| Q3 25 | $540.6M | $1.4B | ||
| Q2 25 | $489.0M | $1.2B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.2B | $903.0M | ||
| Q3 24 | $337.4M | $761.0M | ||
| Q2 24 | $411.0M | $691.0M | ||
| Q1 24 | $282.2M | $578.0M |
股东权益DDOGTOST
| Q4 25 | $3.7B | $2.1B | ||
| Q3 25 | $3.4B | $2.0B | ||
| Q2 25 | $3.2B | $1.8B | ||
| Q1 25 | $2.9B | $1.7B | ||
| Q4 24 | $2.7B | $1.5B | ||
| Q3 24 | $2.6B | $1.4B | ||
| Q2 24 | $2.4B | $1.3B | ||
| Q1 24 | $2.2B | $1.2B |
总资产DDOGTOST
| Q4 25 | $6.6B | $3.1B | ||
| Q3 25 | $6.1B | $3.0B | ||
| Q2 25 | $5.8B | $2.8B | ||
| Q1 25 | $6.0B | $2.6B | ||
| Q4 24 | $5.8B | $2.4B | ||
| Q3 24 | $4.6B | $2.2B | ||
| Q2 24 | $4.4B | $2.2B | ||
| Q1 24 | $4.1B | $2.1B |
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 | $194.0M |
| 自由现金流经营现金流 - 资本支出 | $318.2M | $178.0M |
| 自由现金流率自由现金流/营收 | 33.4% | 10.9% |
| 资本支出强度资本支出/营收 | 0.9% | 1.0% |
| 现金转化率经营现金流/净利润 | 7.02× | 1.92× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $608.0M |
8季度趋势，按日历期对齐
经营现金流DDOGTOST
| Q4 25 | $327.1M | $194.0M | ||
| Q3 25 | $251.5M | $165.0M | ||
| Q2 25 | $200.1M | $223.0M | ||
| Q1 25 | $271.5M | $79.0M | ||
| Q4 24 | $265.2M | $147.0M | ||
| Q3 24 | $228.7M | $109.0M | ||
| Q2 24 | $164.4M | $124.0M | ||
| Q1 24 | $212.3M | $-20.0M |
自由现金流DDOGTOST
| Q4 25 | $318.2M | $178.0M | ||
| Q3 25 | $234.7M | $153.0M | ||
| Q2 25 | $184.9M | $208.0M | ||
| Q1 25 | $262.8M | $69.0M | ||
| Q4 24 | $257.5M | $134.0M | ||
| Q3 24 | $220.3M | $97.0M | ||
| Q2 24 | $160.0M | $108.0M | ||
| Q1 24 | $198.1M | $-33.0M |
自由现金流率DDOGTOST
| Q4 25 | 33.4% | 10.9% | ||
| Q3 25 | 26.5% | 9.4% | ||
| Q2 25 | 22.4% | 13.4% | ||
| Q1 25 | 34.5% | 5.2% | ||
| Q4 24 | 34.9% | 10.0% | ||
| Q3 24 | 31.9% | 7.4% | ||
| Q2 24 | 24.8% | 8.7% | ||
| Q1 24 | 32.4% | -3.1% |
资本支出强度DDOGTOST
| Q4 25 | 0.9% | 1.0% | ||
| Q3 25 | 1.9% | 0.7% | ||
| Q2 25 | 1.8% | 1.0% | ||
| Q1 25 | 1.1% | 0.7% | ||
| Q4 24 | 1.1% | 1.0% | ||
| Q3 24 | 1.2% | 0.9% | ||
| Q2 24 | 0.7% | 1.3% | ||
| Q1 24 | 2.3% | 1.2% |
现金转化率DDOGTOST
| Q4 25 | 7.02× | 1.92× | ||
| Q3 25 | 7.42× | 1.57× | ||
| Q2 25 | 75.58× | 2.79× | ||
| Q1 25 | 11.02× | 1.41× | ||
| Q4 24 | 5.82× | 4.59× | ||
| Q3 24 | 4.42× | 1.95× | ||
| Q2 24 | 3.75× | 8.86× | ||
| 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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
