vs
DigitalOcean Holdings, Inc.（DOCN）与Fat Brands, Inc（FAT）财务数据对比。点击上方公司名可切换其他公司
DigitalOcean Holdings, Inc.的季度营收约是Fat Brands, Inc的1.7倍（$242.4M vs $140.0M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs -41.6%，领先52.2%），DigitalOcean Holdings, Inc.同比增速更快（18.3% vs -2.3%），DigitalOcean Holdings, Inc.自由现金流更多（$31.1M vs $-16.9M），过去两年DigitalOcean Holdings, Inc.的营收复合增速更高（14.5% vs -6.1%）
DigitalOcean Holdings, Inc.是美国跨国科技企业及云服务提供商，总部位于美国科罗拉多州布鲁姆菲尔德，在全球布局15个数据中心，面向开发者、初创企业及中小微企业提供稳定易用的云基础设施即服务平台，助力各类技术团队高效开展业务。
FAT Brands是来自美国的多品牌餐饮与体育酒吧连锁运营商，总部位于加利福尼亚州比弗利山庄，主要开展餐饮品牌的连锁加盟运营业务，旗下涵盖多个餐饮及休闲体育酒吧品牌。
DOCN vs FAT — 直观对比
营收规模更大
DOCN
是对方的1.7倍
$140.0M
营收增速更快
DOCN
高出20.6%
-2.3%
净利率更高
DOCN
高出52.2%
-41.6%
自由现金流更多
DOCN
多$48.0M
$-16.9M
两年增速更快
DOCN
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $140.0M |
| 净利润 | $25.7M | $-58.2M |
| 毛利率 | 58.7% | — |
| 营业利润率 | 16.0% | -12.4% |
| 净利率 | 10.6% | -41.6% |
| 营收同比 | 18.3% | -2.3% |
| 净利润同比 | 40.5% | -30.1% |
| 每股收益（稀释后） | $0.23 | $-3.39 |
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DOCNFAT
| Q4 25 | $242.4M | — | ||
| Q3 25 | $229.6M | $140.0M | ||
| Q2 25 | $218.7M | $146.8M | ||
| Q1 25 | $210.7M | $142.0M | ||
| Q4 24 | $204.9M | $145.3M | ||
| Q3 24 | $198.5M | $143.4M | ||
| Q2 24 | $192.5M | $152.0M | ||
| Q1 24 | $184.7M | $152.0M |
净利润DOCNFAT
| Q4 25 | $25.7M | — | ||
| Q3 25 | $158.4M | $-58.2M | ||
| Q2 25 | $37.0M | $-54.2M | ||
| Q1 25 | $38.2M | $-46.0M | ||
| Q4 24 | $18.3M | $-67.4M | ||
| Q3 24 | $32.9M | $-44.8M | ||
| Q2 24 | $19.1M | $-39.4M | ||
| Q1 24 | $14.1M | $-38.3M |
毛利率DOCNFAT
| Q4 25 | 58.7% | — | ||
| Q3 25 | 59.6% | — | ||
| Q2 25 | 59.9% | — | ||
| Q1 25 | 61.4% | — | ||
| Q4 24 | 57.1% | — | ||
| Q3 24 | 60.2% | — | ||
| Q2 24 | 61.0% | — | ||
| Q1 24 | 60.7% | — |
营业利润率DOCNFAT
| Q4 25 | 16.0% | — | ||
| Q3 25 | 19.6% | -12.4% | ||
| Q2 25 | 16.3% | -10.6% | ||
| Q1 25 | 17.9% | -6.0% | ||
| Q4 24 | 15.9% | -27.1% | ||
| Q3 24 | 12.4% | -6.2% | ||
| Q2 24 | 11.6% | -1.8% | ||
| Q1 24 | 6.2% | -0.9% |
净利率DOCNFAT
| Q4 25 | 10.6% | — | ||
| Q3 25 | 69.0% | -41.6% | ||
| Q2 25 | 16.9% | -36.9% | ||
| Q1 25 | 18.1% | -32.4% | ||
| Q4 24 | 8.9% | -46.4% | ||
| Q3 24 | 16.6% | -31.2% | ||
| Q2 24 | 9.9% | -25.9% | ||
| Q1 24 | 7.7% | -25.2% |
每股收益（稀释后）DOCNFAT
| Q4 25 | $0.23 | — | ||
| Q3 25 | $1.51 | $-3.39 | ||
| Q2 25 | $0.39 | $-3.17 | ||
| Q1 25 | $0.39 | $-2.73 | ||
| Q4 24 | $0.21 | $-4.06 | ||
| Q3 24 | $0.33 | $-2.74 | ||
| Q2 24 | $0.20 | $-2.43 | ||
| Q1 24 | $0.15 | $-2.37 |
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 | $254.5M | — |
| 总债务越低越好 | $1.3B | $1.3B |
| 股东权益账面价值 | $-28.7M | $-585.8M |
| 总资产 | $1.8B | $1.2B |
| 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DOCNFAT
| Q4 25 | $254.5M | — | ||
| Q3 25 | $236.6M | — | ||
| Q2 25 | $387.7M | — | ||
| Q1 25 | $360.4M | — | ||
| Q4 24 | $428.4M | — | ||
| Q3 24 | $439.9M | — | ||
| Q2 24 | $443.1M | — | ||
| Q1 24 | $419.1M | — |
总债务DOCNFAT
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益DOCNFAT
| Q4 25 | $-28.7M | — | ||
| Q3 25 | $-69.6M | $-585.8M | ||
| Q2 25 | $-175.2M | $-536.5M | ||
| Q1 25 | $-210.7M | $-493.9M | ||
| Q4 24 | $-203.0M | $-455.7M | ||
| Q3 24 | $-211.7M | $-386.1M | ||
| Q2 24 | $-253.8M | $-338.6M | ||
| Q1 24 | $-286.1M | $-296.8M |
总资产DOCNFAT
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.5B | $1.4B | ||
| Q1 24 | $1.5B | $1.4B |
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 | $57.3M | $-14.5M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $-16.9M |
| 自由现金流率自由现金流/营收 | 12.8% | -12.1% |
| 资本支出强度资本支出/营收 | 10.8% | 1.7% |
| 现金转化率经营现金流/净利润 | 2.23× | — |
| 过去12个月自由现金流最近4个季度 | $180.5M | $-75.0M |
8季度趋势，按日历期对齐
经营现金流DOCNFAT
| Q4 25 | $57.3M | — | ||
| Q3 25 | $95.8M | $-14.5M | ||
| Q2 25 | $92.4M | $-26.9M | ||
| Q1 25 | $64.1M | $-13.2M | ||
| Q4 24 | $71.3M | $-10.4M | ||
| Q3 24 | $73.4M | $-3.2M | ||
| Q2 24 | $71.3M | $-14.2M | ||
| Q1 24 | $66.7M | $-28.4M |
自由现金流DOCNFAT
| Q4 25 | $31.1M | — | ||
| Q3 25 | $88.0M | $-16.9M | ||
| Q2 25 | $59.3M | $-29.3M | ||
| Q1 25 | $2.1M | $-17.8M | ||
| Q4 24 | $26.1M | $-11.0M | ||
| Q3 24 | $16.0M | $-11.1M | ||
| Q2 24 | $39.5M | $-24.4M | ||
| Q1 24 | $23.0M | $-32.5M |
自由现金流率DOCNFAT
| Q4 25 | 12.8% | — | ||
| Q3 25 | 38.3% | -12.1% | ||
| Q2 25 | 27.1% | -20.0% | ||
| Q1 25 | 1.0% | -12.5% | ||
| Q4 24 | 12.7% | -7.6% | ||
| Q3 24 | 8.1% | -7.7% | ||
| Q2 24 | 20.5% | -16.1% | ||
| Q1 24 | 12.5% | -21.4% |
资本支出强度DOCNFAT
| Q4 25 | 10.8% | — | ||
| Q3 25 | 3.4% | 1.7% | ||
| Q2 25 | 15.2% | 1.6% | ||
| Q1 25 | 29.4% | 3.2% | ||
| Q4 24 | 22.1% | 0.4% | ||
| Q3 24 | 28.9% | 5.5% | ||
| Q2 24 | 16.6% | 6.7% | ||
| Q1 24 | 23.6% | 2.7% |
现金转化率DOCNFAT
| Q4 25 | 2.23× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 2.50× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 3.91× | — | ||
| Q3 24 | 2.23× | — | ||
| Q2 24 | 3.73× | — | ||
| Q1 24 | 4.72× | — |
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
DOCN
| Scalers | $84.3M | 35% |
| Scalers Plus | $69.9M | 29% |
| Builders | $64.1M | 26% |
| Learners Testers And Other | $24.1M | 10% |
FAT
| Restaurant Sales | $96.6M | 69% |
| Royalty | $21.6M | 15% |
| Factory | $9.6M | 7% |
| Advertising | $9.1M | 7% |
| Franchisor | $1.5M | 1% |
| Other | $1.5M | 1% |
