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Datadog（DDOG）与Tyler Technologies（TYL）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Tyler Technologies的1.7倍（$953.2M vs $575.2M），Tyler Technologies净利率更高（11.4% vs 4.9%，领先6.5%），Datadog同比增速更快（29.2% vs 6.3%），Datadog自由现金流更多（$318.2M vs $239.6M），过去两年Datadog的营收复合增速更高（24.9% vs 6.0%）
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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
DDOG vs TYL — 直观对比
营收规模更大
DDOG
是对方的1.7倍
$575.2M
营收增速更快
DDOG
高出22.9%
6.3%
净利率更高
TYL
高出6.5%
4.9%
自由现金流更多
DDOG
多$78.6M
$239.6M
两年增速更快
DDOG
近两年复合增速
6.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $953.2M | $575.2M |
| 净利润 | $46.6M | $65.5M |
| 毛利率 | 80.4% | 45.5% |
| 营业利润率 | 1.0% | 13.0% |
| 净利率 | 4.9% | 11.4% |
| 营收同比 | 29.2% | 6.3% |
| 净利润同比 | 2.1% | 0.5% |
| 每股收益（稀释后） | $0.13 | $1.50 |
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DDOGTYL
| Q4 25 | $953.2M | $575.2M | ||
| Q3 25 | $885.7M | $595.9M | ||
| Q2 25 | $826.8M | $596.1M | ||
| Q1 25 | $761.6M | $565.2M | ||
| Q4 24 | $737.7M | $541.1M | ||
| Q3 24 | $690.0M | $543.3M | ||
| Q2 24 | $645.3M | $541.0M | ||
| Q1 24 | $611.3M | $512.4M |
净利润DDOGTYL
| Q4 25 | $46.6M | $65.5M | ||
| Q3 25 | $33.9M | $84.4M | ||
| Q2 25 | $2.6M | $84.6M | ||
| Q1 25 | $24.6M | $81.1M | ||
| Q4 24 | $45.6M | $65.2M | ||
| Q3 24 | $51.7M | $75.9M | ||
| Q2 24 | $43.8M | $67.7M | ||
| Q1 24 | $42.6M | $54.2M |
毛利率DDOGTYL
| Q4 25 | 80.4% | 45.5% | ||
| Q3 25 | 80.1% | 47.2% | ||
| Q2 25 | 79.9% | 45.8% | ||
| Q1 25 | 79.3% | 47.3% | ||
| Q4 24 | 80.5% | 43.8% | ||
| Q3 24 | 80.0% | 43.7% | ||
| Q2 24 | 80.9% | 44.0% | ||
| Q1 24 | 82.0% | 43.7% |
营业利润率DDOGTYL
| Q4 25 | 1.0% | 13.0% | ||
| Q3 25 | -0.7% | 16.4% | ||
| Q2 25 | -4.3% | 16.0% | ||
| Q1 25 | -1.6% | 15.8% | ||
| Q4 24 | 1.3% | 13.2% | ||
| Q3 24 | 2.9% | 15.2% | ||
| Q2 24 | 2.0% | 14.4% | ||
| Q1 24 | 2.0% | 13.1% |
净利率DDOGTYL
| Q4 25 | 4.9% | 11.4% | ||
| Q3 25 | 3.8% | 14.2% | ||
| Q2 25 | 0.3% | 14.2% | ||
| Q1 25 | 3.2% | 14.3% | ||
| Q4 24 | 6.2% | 12.1% | ||
| Q3 24 | 7.5% | 14.0% | ||
| Q2 24 | 6.8% | 12.5% | ||
| Q1 24 | 7.0% | 10.6% |
每股收益（稀释后）DDOGTYL
| Q4 25 | $0.13 | $1.50 | ||
| Q3 25 | $0.10 | $1.93 | ||
| Q2 25 | $0.01 | $1.93 | ||
| Q1 25 | $0.07 | $1.84 | ||
| Q4 24 | $0.14 | $1.48 | ||
| Q3 24 | $0.14 | $1.74 | ||
| Q2 24 | $0.12 | $1.57 | ||
| Q1 24 | $0.12 | $1.26 |
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 | $1.1B |
| 总债务越低越好 | — | $599.7M |
| 股东权益账面价值 | $3.7B | $3.7B |
| 总资产 | $6.6B | $5.6B |
| 负债/权益比越低杠杆越低 | — | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资DDOGTYL
| Q4 25 | $401.3M | $1.1B | ||
| Q3 25 | $540.6M | $950.8M | ||
| Q2 25 | $489.0M | $892.3M | ||
| Q1 25 | $1.1B | $807.4M | ||
| Q4 24 | $1.2B | $768.0M | ||
| Q3 24 | $337.4M | $544.3M | ||
| Q2 24 | $411.0M | $258.0M | ||
| Q1 24 | $282.2M | $196.9M |
总债务DDOGTYL
| Q4 25 | — | $599.7M | ||
| Q3 25 | — | $599.2M | ||
| Q2 25 | — | $598.8M | ||
| Q1 25 | — | $598.4M | ||
| Q4 24 | — | $597.9M | ||
| Q3 24 | — | $597.5M | ||
| Q2 24 | — | $597.1M | ||
| Q1 24 | — | $596.6M |
股东权益DDOGTYL
| Q4 25 | $3.7B | $3.7B | ||
| Q3 25 | $3.4B | $3.6B | ||
| Q2 25 | $3.2B | $3.6B | ||
| Q1 25 | $2.9B | $3.5B | ||
| Q4 24 | $2.7B | $3.4B | ||
| Q3 24 | $2.6B | $3.3B | ||
| Q2 24 | $2.4B | $3.1B | ||
| Q1 24 | $2.2B | $3.0B |
总资产DDOGTYL
| Q4 25 | $6.6B | $5.6B | ||
| Q3 25 | $6.1B | $5.5B | ||
| Q2 25 | $5.8B | $5.4B | ||
| Q1 25 | $6.0B | $5.2B | ||
| Q4 24 | $5.8B | $5.2B | ||
| Q3 24 | $4.6B | $5.0B | ||
| Q2 24 | $4.4B | $4.8B | ||
| Q1 24 | $4.1B | $4.6B |
负债/权益比DDOGTYL
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.16× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.20× |
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 | $243.9M |
| 自由现金流经营现金流 - 资本支出 | $318.2M | $239.6M |
| 自由现金流率自由现金流/营收 | 33.4% | 41.7% |
| 资本支出强度资本支出/营收 | 0.9% | 0.8% |
| 现金转化率经营现金流/净利润 | 7.02× | 3.72× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $637.5M |
8季度趋势，按日历期对齐
经营现金流DDOGTYL
| Q4 25 | $327.1M | $243.9M | ||
| Q3 25 | $251.5M | $255.2M | ||
| Q2 25 | $200.1M | $98.3M | ||
| Q1 25 | $271.5M | $56.2M | ||
| Q4 24 | $265.2M | $224.8M | ||
| Q3 24 | $228.7M | $263.7M | ||
| Q2 24 | $164.4M | $64.3M | ||
| Q1 24 | $212.3M | $71.8M |
自由现金流DDOGTYL
| Q4 25 | $318.2M | $239.6M | ||
| Q3 25 | $234.7M | $251.3M | ||
| Q2 25 | $184.9M | $92.8M | ||
| Q1 25 | $262.8M | $53.8M | ||
| Q4 24 | $257.5M | $221.0M | ||
| Q3 24 | $220.3M | $260.8M | ||
| Q2 24 | $160.0M | $57.7M | ||
| Q1 24 | $198.1M | $64.6M |
自由现金流率DDOGTYL
| Q4 25 | 33.4% | 41.7% | ||
| Q3 25 | 26.5% | 42.2% | ||
| Q2 25 | 22.4% | 15.6% | ||
| Q1 25 | 34.5% | 9.5% | ||
| Q4 24 | 34.9% | 40.8% | ||
| Q3 24 | 31.9% | 48.0% | ||
| Q2 24 | 24.8% | 10.7% | ||
| Q1 24 | 32.4% | 12.6% |
资本支出强度DDOGTYL
| Q4 25 | 0.9% | 0.8% | ||
| Q3 25 | 1.9% | 0.7% | ||
| Q2 25 | 1.8% | 0.9% | ||
| Q1 25 | 1.1% | 0.4% | ||
| Q4 24 | 1.1% | 0.7% | ||
| Q3 24 | 1.2% | 0.5% | ||
| Q2 24 | 0.7% | 1.2% | ||
| Q1 24 | 2.3% | 1.4% |
现金转化率DDOGTYL
| Q4 25 | 7.02× | 3.72× | ||
| Q3 25 | 7.42× | 3.02× | ||
| Q2 25 | 75.58× | 1.16× | ||
| Q1 25 | 11.02× | 0.69× | ||
| Q4 24 | 5.82× | 3.45× | ||
| Q3 24 | 4.42× | 3.47× | ||
| Q2 24 | 3.75× | 0.95× | ||
| Q1 24 | 4.98× | 1.33× |
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% |
TYL
| Saas Arrangements | $186.1M | 32% |
| Platform Technologies Segment | $143.3M | 25% |
| Maintenance | $109.4M | 19% |
| Professional Services | $55.3M | 10% |
| Nonrecurring Revenue | $51.3M | 9% |
| Other | $21.4M | 4% |
| Hardware And Other | $8.4M | 1% |
