vs
DigitalOcean Holdings, Inc.（DOCN）与Fastly, Inc.（FSLY）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Fastly, Inc.的1.4倍（$242.4M vs $172.6M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs -9.0%，领先19.6%），Fastly, Inc.同比增速更快（22.8% vs 18.3%），DigitalOcean Holdings, Inc.自由现金流更多（$31.1M vs $12.2M），过去两年DigitalOcean Holdings, Inc.的营收复合增速更高（14.5% vs 13.7%）
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。
Fastly是总部位于美国旧金山的云计算服务商，主营内容分发网络（CDN）、图片优化、负载均衡服务，同时提供DDoS攻击防护、机器人流量治理、Web应用防火墙等云安全解决方案，助力企业提升网络访问效率与安全防护能力。
DOCN vs FSLY — 直观对比
营收规模更大
DOCN
是对方的1.4倍
$172.6M
营收增速更快
FSLY
高出4.5%
18.3%
净利率更高
DOCN
高出19.6%
-9.0%
自由现金流更多
DOCN
多$18.9M
$12.2M
两年增速更快
DOCN
近两年复合增速
13.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $172.6M |
| 净利润 | $25.7M | $-15.5M |
| 毛利率 | 58.7% | 61.4% |
| 营业利润率 | 16.0% | -8.7% |
| 净利率 | 10.6% | -9.0% |
| 营收同比 | 18.3% | 22.8% |
| 净利润同比 | 40.5% | 52.9% |
| 每股收益（稀释后） | $0.23 | $-0.10 |
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DOCNFSLY
| Q4 25 | $242.4M | $172.6M | ||
| Q3 25 | $229.6M | $158.2M | ||
| Q2 25 | $218.7M | $148.7M | ||
| Q1 25 | $210.7M | $144.5M | ||
| Q4 24 | $204.9M | $140.6M | ||
| Q3 24 | $198.5M | $137.2M | ||
| Q2 24 | $192.5M | $132.4M | ||
| Q1 24 | $184.7M | $133.5M |
净利润DOCNFSLY
| Q4 25 | $25.7M | $-15.5M | ||
| Q3 25 | $158.4M | $-29.5M | ||
| Q2 25 | $37.0M | $-37.5M | ||
| Q1 25 | $38.2M | $-39.1M | ||
| Q4 24 | $18.3M | $-32.9M | ||
| Q3 24 | $32.9M | $-38.0M | ||
| Q2 24 | $19.1M | $-43.7M | ||
| Q1 24 | $14.1M | $-43.4M |
毛利率DOCNFSLY
| Q4 25 | 58.7% | 61.4% | ||
| Q3 25 | 59.6% | 58.4% | ||
| Q2 25 | 59.9% | 54.5% | ||
| Q1 25 | 61.4% | 53.2% | ||
| Q4 24 | 57.1% | 53.4% | ||
| Q3 24 | 60.2% | 54.5% | ||
| Q2 24 | 61.0% | 55.1% | ||
| Q1 24 | 60.7% | 54.8% |
营业利润率DOCNFSLY
| Q4 25 | 16.0% | -8.7% | ||
| Q3 25 | 19.6% | -18.2% | ||
| Q2 25 | 16.3% | -24.8% | ||
| Q1 25 | 17.9% | -26.4% | ||
| Q4 24 | 15.9% | -24.4% | ||
| Q3 24 | 12.4% | -29.6% | ||
| Q2 24 | 11.6% | -35.3% | ||
| Q1 24 | 6.2% | -34.6% |
净利率DOCNFSLY
| Q4 25 | 10.6% | -9.0% | ||
| Q3 25 | 69.0% | -18.6% | ||
| Q2 25 | 16.9% | -25.2% | ||
| Q1 25 | 18.1% | -27.1% | ||
| Q4 24 | 8.9% | -23.4% | ||
| Q3 24 | 16.6% | -27.7% | ||
| Q2 24 | 9.9% | -33.0% | ||
| Q1 24 | 7.7% | -32.5% |
每股收益（稀释后）DOCNFSLY
| Q4 25 | $0.23 | $-0.10 | ||
| Q3 25 | $1.51 | $-0.20 | ||
| Q2 25 | $0.39 | $-0.26 | ||
| Q1 25 | $0.39 | $-0.27 | ||
| Q4 24 | $0.21 | $-0.23 | ||
| Q3 24 | $0.33 | $-0.27 | ||
| Q2 24 | $0.20 | $-0.32 | ||
| Q1 24 | $0.15 | $-0.32 |
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 | $361.8M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $-28.7M | $929.6M |
| 总资产 | $1.8B | $1.5B |
| 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DOCNFSLY
| Q4 25 | $254.5M | $361.8M | ||
| Q3 25 | $236.6M | $342.9M | ||
| Q2 25 | $387.7M | $321.2M | ||
| Q1 25 | $360.4M | $307.3M | ||
| Q4 24 | $428.4M | $295.9M | ||
| Q3 24 | $439.9M | $308.2M | ||
| Q2 24 | $443.1M | $311.8M | ||
| Q1 24 | $419.1M | $329.5M |
总债务DOCNFSLY
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DOCNFSLY
| Q4 25 | $-28.7M | $929.6M | ||
| Q3 25 | $-69.6M | $937.0M | ||
| Q2 25 | $-175.2M | $942.6M | ||
| Q1 25 | $-210.7M | $957.0M | ||
| Q4 24 | $-203.0M | $965.3M | ||
| Q3 24 | $-211.7M | $969.5M | ||
| Q2 24 | $-253.8M | $981.2M | ||
| Q1 24 | $-286.1M | $991.8M |
总资产DOCNFSLY
| Q4 25 | $1.8B | $1.5B | ||
| Q3 25 | $1.7B | $1.5B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.5B | $1.5B | ||
| Q1 24 | $1.5B | $1.5B |
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 | $22.4M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $12.2M |
| 自由现金流率自由现金流/营收 | 12.8% | 7.1% |
| 资本支出强度资本支出/营收 | 10.8% | 5.9% |
| 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 | $65.8M |
8季度趋势，按日历期对齐
经营现金流DOCNFSLY
| Q4 25 | $57.3M | $22.4M | ||
| Q3 25 | $95.8M | $28.9M | ||
| Q2 25 | $92.4M | $25.8M | ||
| Q1 25 | $64.1M | $17.3M | ||
| Q4 24 | $71.3M | $5.2M | ||
| Q3 24 | $73.4M | $5.0M | ||
| Q2 24 | $71.3M | $-4.9M | ||
| Q1 24 | $66.7M | $11.1M |
自由现金流DOCNFSLY
| Q4 25 | $31.1M | $12.2M | ||
| Q3 25 | $88.0M | $22.9M | ||
| Q2 25 | $59.3M | $15.9M | ||
| Q1 25 | $2.1M | $14.7M | ||
| Q4 24 | $26.1M | $251.0K | ||
| Q3 24 | $16.0M | $3.0M | ||
| Q2 24 | $39.5M | $-6.7M | ||
| Q1 24 | $23.0M | $9.5M |
自由现金流率DOCNFSLY
| Q4 25 | 12.8% | 7.1% | ||
| Q3 25 | 38.3% | 14.5% | ||
| Q2 25 | 27.1% | 10.7% | ||
| Q1 25 | 1.0% | 10.2% | ||
| Q4 24 | 12.7% | 0.2% | ||
| Q3 24 | 8.1% | 2.2% | ||
| Q2 24 | 20.5% | -5.1% | ||
| Q1 24 | 12.5% | 7.1% |
资本支出强度DOCNFSLY
| Q4 25 | 10.8% | 5.9% | ||
| Q3 25 | 3.4% | 3.8% | ||
| Q2 25 | 15.2% | 6.6% | ||
| Q1 25 | 29.4% | 1.8% | ||
| Q4 24 | 22.1% | 3.5% | ||
| Q3 24 | 28.9% | 1.5% | ||
| Q2 24 | 16.6% | 1.3% | ||
| Q1 24 | 23.6% | 1.2% |
现金转化率DOCNFSLY
| 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% |
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
