vs
Datadog（DDOG）与特诺控股（TROX）财务数据对比。点击上方公司名可切换其他公司
Datadog的季度营收约是特诺控股的1.3倍（$953.2M vs $730.0M），Datadog净利率更高（4.9% vs -24.1%，领先29.0%），Datadog同比增速更快（29.2% vs 8.0%），Datadog自由现金流更多（$318.2M vs $53.0M），过去两年Datadog的营收复合增速更高（24.9% vs -2.9%）
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。
特诺控股是一家业务遍及全球的美国化工企业，专注于钛制品领域，现有员工约6500名。在收购南非埃萨罗资源原有的矿砂业务后，特诺已成为全球规模最大的全产业链二氧化钛颜料供应商。二氧化钛颜料主要为涂料、塑料、纸张等产品增白增亮，特诺还拥有钛矿砂开采及加工业务。
DDOG vs TROX — 直观对比
营收规模更大
DDOG
是对方的1.3倍
$730.0M
营收增速更快
DDOG
高出21.2%
8.0%
净利率更高
DDOG
高出29.0%
-24.1%
自由现金流更多
DDOG
多$265.2M
$53.0M
两年增速更快
DDOG
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $953.2M | $730.0M |
| 净利润 | $46.6M | $-176.0M |
| 毛利率 | 80.4% | 5.3% |
| 营业利润率 | 1.0% | -15.6% |
| 净利率 | 4.9% | -24.1% |
| 营收同比 | 29.2% | 8.0% |
| 净利润同比 | 2.1% | -486.7% |
| 每股收益（稀释后） | $0.13 | $-1.11 |
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DDOGTROX
| Q4 25 | $953.2M | $730.0M | ||
| Q3 25 | $885.7M | $699.0M | ||
| Q2 25 | $826.8M | $731.0M | ||
| Q1 25 | $761.6M | $738.0M | ||
| Q4 24 | $737.7M | $676.0M | ||
| Q3 24 | $690.0M | $804.0M | ||
| Q2 24 | $645.3M | $820.0M | ||
| Q1 24 | $611.3M | $774.0M |
净利润DDOGTROX
| Q4 25 | $46.6M | $-176.0M | ||
| Q3 25 | $33.9M | $-99.0M | ||
| Q2 25 | $2.6M | $-84.0M | ||
| Q1 25 | $24.6M | $-111.0M | ||
| Q4 24 | $45.6M | $-30.0M | ||
| Q3 24 | $51.7M | $-25.0M | ||
| Q2 24 | $43.8M | $16.0M | ||
| Q1 24 | $42.6M | $-9.0M |
毛利率DDOGTROX
| Q4 25 | 80.4% | 5.3% | ||
| Q3 25 | 80.1% | 7.4% | ||
| Q2 25 | 79.9% | 10.8% | ||
| Q1 25 | 79.3% | 13.4% | ||
| Q4 24 | 80.5% | 17.3% | ||
| Q3 24 | 80.0% | 15.9% | ||
| Q2 24 | 80.9% | 18.3% | ||
| Q1 24 | 82.0% | 15.5% |
营业利润率DDOGTROX
| Q4 25 | 1.0% | -15.6% | ||
| Q3 25 | -0.7% | -6.2% | ||
| Q2 25 | -4.3% | -4.8% | ||
| Q1 25 | -1.6% | -8.3% | ||
| Q4 24 | 1.3% | 7.1% | ||
| Q3 24 | 2.9% | 6.7% | ||
| Q2 24 | 2.0% | 9.3% | ||
| Q1 24 | 2.0% | 5.3% |
净利率DDOGTROX
| Q4 25 | 4.9% | -24.1% | ||
| Q3 25 | 3.8% | -14.2% | ||
| Q2 25 | 0.3% | -11.5% | ||
| Q1 25 | 3.2% | -15.0% | ||
| Q4 24 | 6.2% | -4.4% | ||
| Q3 24 | 7.5% | -3.1% | ||
| Q2 24 | 6.8% | 2.0% | ||
| Q1 24 | 7.0% | -1.2% |
每股收益（稀释后）DDOGTROX
| Q4 25 | $0.13 | $-1.11 | ||
| Q3 25 | $0.10 | $-0.63 | ||
| Q2 25 | $0.01 | $-0.53 | ||
| Q1 25 | $0.07 | $-0.70 | ||
| Q4 24 | $0.14 | $-0.19 | ||
| Q3 24 | $0.14 | $-0.16 | ||
| Q2 24 | $0.12 | $0.10 | ||
| Q1 24 | $0.12 | $-0.06 |
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 | $199.0M |
| 总债务越低越好 | — | $3.1B |
| 股东权益账面价值 | $3.7B | $1.4B |
| 总资产 | $6.6B | $6.2B |
| 负债/权益比越低杠杆越低 | — | 2.21× |
8季度趋势，按日历期对齐
现金及短期投资DDOGTROX
| Q4 25 | $401.3M | $199.0M | ||
| Q3 25 | $540.6M | $185.0M | ||
| Q2 25 | $489.0M | $132.0M | ||
| Q1 25 | $1.1B | $138.0M | ||
| Q4 24 | $1.2B | $151.0M | ||
| Q3 24 | $337.4M | $167.0M | ||
| Q2 24 | $411.0M | $201.0M | ||
| Q1 24 | $282.2M | $152.0M |
总债务DDOGTROX
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.8B |
股东权益DDOGTROX
| Q4 25 | $3.7B | $1.4B | ||
| Q3 25 | $3.4B | $1.6B | ||
| Q2 25 | $3.2B | $1.6B | ||
| Q1 25 | $2.9B | $1.7B | ||
| Q4 24 | $2.7B | $1.8B | ||
| Q3 24 | $2.6B | $1.9B | ||
| Q2 24 | $2.4B | $1.9B | ||
| Q1 24 | $2.2B | $1.9B |
总资产DDOGTROX
| Q4 25 | $6.6B | $6.2B | ||
| Q3 25 | $6.1B | $6.3B | ||
| Q2 25 | $5.8B | $6.2B | ||
| Q1 25 | $6.0B | $6.1B | ||
| Q4 24 | $5.8B | $6.0B | ||
| Q3 24 | $4.6B | $6.2B | ||
| Q2 24 | $4.4B | $6.1B | ||
| Q1 24 | $4.1B | $6.0B |
负债/权益比DDOGTROX
| Q4 25 | — | 2.21× | ||
| Q3 25 | — | 2.01× | ||
| Q2 25 | — | 1.67× | ||
| Q1 25 | — | 1.64× | ||
| Q4 24 | — | 1.57× | ||
| Q3 24 | — | 1.45× | ||
| Q2 24 | — | 1.47× | ||
| Q1 24 | — | 1.48× |
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 | $121.0M |
| 自由现金流经营现金流 - 资本支出 | $318.2M | $53.0M |
| 自由现金流率自由现金流/营收 | 33.4% | 7.3% |
| 资本支出强度资本支出/营收 | 0.9% | 9.3% |
| 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 | $-281.0M |
8季度趋势，按日历期对齐
经营现金流DDOGTROX
| Q4 25 | $327.1M | $121.0M | ||
| Q3 25 | $251.5M | $-57.0M | ||
| Q2 25 | $200.1M | $28.0M | ||
| Q1 25 | $271.5M | $-32.0M | ||
| Q4 24 | $265.2M | $82.0M | ||
| Q3 24 | $228.7M | $87.0M | ||
| Q2 24 | $164.4M | $160.0M | ||
| Q1 24 | $212.3M | $-29.0M |
自由现金流DDOGTROX
| Q4 25 | $318.2M | $53.0M | ||
| Q3 25 | $234.7M | $-137.0M | ||
| Q2 25 | $184.9M | $-55.0M | ||
| Q1 25 | $262.8M | $-142.0M | ||
| Q4 24 | $257.5M | $-35.0M | ||
| Q3 24 | $220.3M | $-14.0M | ||
| Q2 24 | $160.0M | $84.0M | ||
| Q1 24 | $198.1M | $-105.0M |
自由现金流率DDOGTROX
| Q4 25 | 33.4% | 7.3% | ||
| Q3 25 | 26.5% | -19.6% | ||
| Q2 25 | 22.4% | -7.5% | ||
| Q1 25 | 34.5% | -19.2% | ||
| Q4 24 | 34.9% | -5.2% | ||
| Q3 24 | 31.9% | -1.7% | ||
| Q2 24 | 24.8% | 10.2% | ||
| Q1 24 | 32.4% | -13.6% |
资本支出强度DDOGTROX
| Q4 25 | 0.9% | 9.3% | ||
| Q3 25 | 1.9% | 11.4% | ||
| Q2 25 | 1.8% | 11.4% | ||
| Q1 25 | 1.1% | 14.9% | ||
| Q4 24 | 1.1% | 17.3% | ||
| Q3 24 | 1.2% | 12.6% | ||
| Q2 24 | 0.7% | 9.3% | ||
| Q1 24 | 2.3% | 9.8% |
现金转化率DDOGTROX
| 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× | 10.00× | ||
| 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% |
TROX
| Ti O2 | $577.0M | 79% |
| Zircon | $78.0M | 11% |
| Idle Facility And Lower Of Cost Or Net Realizable Value Charges | $42.0M | 6% |
| Other | $20.0M | 3% |
| MGT | $13.0M | 2% |
