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DigitalOcean Holdings, Inc.（DOCN）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
DigitalOcean Holdings, Inc.的季度营收约是六旗的1.1倍（$242.4M vs $225.6M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs -119.0%，领先129.6%），DigitalOcean Holdings, Inc.同比增速更快（18.3% vs 11.7%）
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。
六旗娱乐是总部位于美国北卡罗来纳州夏洛特的游乐园运营企业，由雪松会与原六旗公司于2024年7月1日对等合并而成，是全球最大的区域性游乐园运营商。旗下共运营42个场地，包含27座游乐园、15座水上乐园，配套9处 onsite 度假物业。
DOCN vs FUN — 直观对比
营收规模更大
DOCN
是对方的1.1倍
$225.6M
营收增速更快
DOCN
高出6.6%
11.7%
净利率更高
DOCN
高出129.6%
-119.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $225.6M |
| 净利润 | $25.7M | $-268.6M |
| 毛利率 | 58.7% | — |
| 营业利润率 | 16.0% | — |
| 净利率 | 10.6% | -119.0% |
| 营收同比 | 18.3% | 11.7% |
| 净利润同比 | 40.5% | -22.2% |
| 每股收益（稀释后） | $0.23 | — |
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DOCNFUN
| Q1 26 | — | $225.6M | ||
| Q4 25 | $242.4M | $650.1M | ||
| Q3 25 | $229.6M | $1.3B | ||
| Q2 25 | $218.7M | $930.4M | ||
| Q1 25 | $210.7M | $202.1M | ||
| Q4 24 | $204.9M | — | ||
| Q3 24 | $198.5M | $1.3B | ||
| Q2 24 | $192.5M | $571.6M |
净利润DOCNFUN
| Q1 26 | — | $-268.6M | ||
| Q4 25 | $25.7M | $-92.4M | ||
| Q3 25 | $158.4M | $-1.2B | ||
| Q2 25 | $37.0M | $-99.6M | ||
| Q1 25 | $38.2M | $-219.7M | ||
| Q4 24 | $18.3M | — | ||
| Q3 24 | $32.9M | $111.0M | ||
| Q2 24 | $19.1M | $55.6M |
毛利率DOCNFUN
| Q1 26 | — | — | ||
| Q4 25 | 58.7% | 91.4% | ||
| Q3 25 | 59.6% | 91.6% | ||
| Q2 25 | 59.9% | 91.3% | ||
| Q1 25 | 61.4% | 89.3% | ||
| Q4 24 | 57.1% | — | ||
| Q3 24 | 60.2% | 91.9% | ||
| Q2 24 | 61.0% | 90.7% |
营业利润率DOCNFUN
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | -3.8% | ||
| Q3 25 | 19.6% | -83.7% | ||
| Q2 25 | 16.3% | 8.0% | ||
| Q1 25 | 17.9% | -158.9% | ||
| Q4 24 | 15.9% | — | ||
| Q3 24 | 12.4% | 19.5% | ||
| Q2 24 | 11.6% | 21.6% |
净利率DOCNFUN
| Q1 26 | — | -119.0% | ||
| Q4 25 | 10.6% | -14.2% | ||
| Q3 25 | 69.0% | -90.1% | ||
| Q2 25 | 16.9% | -10.7% | ||
| Q1 25 | 18.1% | -108.7% | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 16.6% | 8.2% | ||
| Q2 24 | 9.9% | 9.7% |
每股收益（稀释后）DOCNFUN
| Q1 26 | — | — | ||
| Q4 25 | $0.23 | $-0.93 | ||
| Q3 25 | $1.51 | $-11.77 | ||
| Q2 25 | $0.39 | $-0.99 | ||
| Q1 25 | $0.39 | $-2.20 | ||
| Q4 24 | $0.21 | — | ||
| Q3 24 | $0.33 | $1.10 | ||
| Q2 24 | $0.20 | — |
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 | $116.5M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $-28.7M | $279.2M |
| 总资产 | $1.8B | $7.7B |
| 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DOCNFUN
| Q1 26 | — | $116.5M | ||
| Q4 25 | $254.5M | $91.1M | ||
| Q3 25 | $236.6M | $70.7M | ||
| Q2 25 | $387.7M | $107.4M | ||
| Q1 25 | $360.4M | $61.5M | ||
| Q4 24 | $428.4M | — | ||
| Q3 24 | $439.9M | $89.7M | ||
| Q2 24 | $443.1M | $52.9M |
总债务DOCNFUN
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $5.2B | ||
| Q3 25 | $1.3B | $5.0B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $2.3B |
股东权益DOCNFUN
| Q1 26 | — | $279.2M | ||
| Q4 25 | $-28.7M | $549.8M | ||
| Q3 25 | $-69.6M | $614.3M | ||
| Q2 25 | $-175.2M | $1.8B | ||
| Q1 25 | $-210.7M | $1.8B | ||
| Q4 24 | $-203.0M | — | ||
| Q3 24 | $-211.7M | $2.3B | ||
| Q2 24 | $-253.8M | — |
总资产DOCNFUN
| Q1 26 | — | $7.7B | ||
| Q4 25 | $1.8B | $7.8B | ||
| Q3 25 | $1.7B | $7.9B | ||
| Q2 25 | $1.7B | $9.5B | ||
| Q1 25 | $1.6B | $9.2B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.5B | $9.4B | ||
| Q2 24 | $1.5B | $2.3B |
负债/权益比DOCNFUN
| Q1 26 | — | — | ||
| Q4 25 | — | 9.40× | ||
| Q3 25 | — | 8.16× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 2.75× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.95× | ||
| Q2 24 | — | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $31.1M | — |
| 自由现金流率自由现金流/营收 | 12.8% | — |
| 资本支出强度资本支出/营收 | 10.8% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流DOCNFUN
| Q1 26 | — | — | ||
| Q4 25 | $57.3M | $-37.7M | ||
| Q3 25 | $95.8M | $356.2M | ||
| Q2 25 | $92.4M | $187.0M | ||
| Q1 25 | $64.1M | $-178.0M | ||
| Q4 24 | $71.3M | — | ||
| Q3 24 | $73.4M | $337.4M | ||
| Q2 24 | $71.3M | — |
自由现金流DOCNFUN
| Q1 26 | — | — | ||
| Q4 25 | $31.1M | $-109.3M | ||
| Q3 25 | $88.0M | $256.2M | ||
| Q2 25 | $59.3M | $18.8M | ||
| Q1 25 | $2.1M | $-318.0M | ||
| Q4 24 | $26.1M | — | ||
| Q3 24 | $16.0M | $227.7M | ||
| Q2 24 | $39.5M | — |
自由现金流率DOCNFUN
| Q1 26 | — | — | ||
| Q4 25 | 12.8% | -16.8% | ||
| Q3 25 | 38.3% | 19.4% | ||
| Q2 25 | 27.1% | 2.0% | ||
| Q1 25 | 1.0% | -157.4% | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 8.1% | 16.9% | ||
| Q2 24 | 20.5% | — |
资本支出强度DOCNFUN
| Q1 26 | — | — | ||
| Q4 25 | 10.8% | 11.0% | ||
| Q3 25 | 3.4% | 7.6% | ||
| Q2 25 | 15.2% | 18.1% | ||
| Q1 25 | 29.4% | 69.3% | ||
| Q4 24 | 22.1% | — | ||
| Q3 24 | 28.9% | 8.1% | ||
| Q2 24 | 16.6% | — |
现金转化率DOCNFUN
| Q1 26 | — | — | ||
| Q4 25 | 2.23× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 2.50× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 3.91× | — | ||
| Q3 24 | 2.23× | 3.04× | ||
| Q2 24 | 3.73× | — |
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% |
FUN
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
