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DigitalOcean Holdings, Inc.（DOCN）与哈雷戴维森（HOG）财务数据对比。点击上方公司名可切换其他公司
哈雷戴维森的季度营收约是DigitalOcean Holdings, Inc.的1.6倍（$390.5M vs $242.4M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs -72.3%，领先82.9%），DigitalOcean Holdings, Inc.同比增速更快（18.3% vs -9.4%），哈雷戴维森自由现金流更多（$100.4M vs $31.1M），过去两年DigitalOcean Holdings, Inc.的营收复合增速更高（14.5% vs -48.6%）
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。
哈雷戴维森是源自美国的摩托车制造商与生活方式品牌，总部位于威斯康星州密尔沃基，创立于1903年。它是大萧条时期幸存下来的两大美国摩托车厂商之一，历经多次股权变动、子公司调整、经营困境与全球竞争，如今已是全球知名的标志性品牌。
DOCN vs HOG — 直观对比
营收规模更大
HOG
是对方的1.6倍
$242.4M
营收增速更快
DOCN
高出27.6%
-9.4%
净利率更高
DOCN
高出82.9%
-72.3%
自由现金流更多
HOG
多$69.3M
$31.1M
两年增速更快
DOCN
近两年复合增速
-48.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $390.5M |
| 净利润 | $25.7M | $-282.6M |
| 毛利率 | 58.7% | -7.9% |
| 营业利润率 | 16.0% | -92.4% |
| 净利率 | 10.6% | -72.3% |
| 营收同比 | 18.3% | -9.4% |
| 净利润同比 | 40.5% | -138.6% |
| 每股收益（稀释后） | $0.23 | $-2.27 |
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DOCNHOG
| Q4 25 | $242.4M | $390.5M | ||
| Q3 25 | $229.6M | $1.1B | ||
| Q2 25 | $218.7M | $1.0B | ||
| Q1 25 | $210.7M | $1.1B | ||
| Q4 24 | $204.9M | $430.9M | ||
| Q3 24 | $198.5M | $881.2M | ||
| Q2 24 | $192.5M | $1.4B | ||
| Q1 24 | $184.7M | $1.5B |
净利润DOCNHOG
| Q4 25 | $25.7M | $-282.6M | ||
| Q3 25 | $158.4M | $377.4M | ||
| Q2 25 | $37.0M | $107.6M | ||
| Q1 25 | $38.2M | $133.1M | ||
| Q4 24 | $18.3M | $-118.4M | ||
| Q3 24 | $32.9M | $119.0M | ||
| Q2 24 | $19.1M | $218.3M | ||
| Q1 24 | $14.1M | $234.9M |
毛利率DOCNHOG
| Q4 25 | 58.7% | -7.9% | ||
| Q3 25 | 59.6% | 26.0% | ||
| Q2 25 | 59.9% | 28.5% | ||
| Q1 25 | 61.4% | 28.9% | ||
| Q4 24 | 57.1% | -2.0% | ||
| Q3 24 | 60.2% | 29.8% | ||
| Q2 24 | 61.0% | 31.8% | ||
| Q1 24 | 60.7% | 30.9% |
营业利润率DOCNHOG
| Q4 25 | 16.0% | -92.4% | ||
| Q3 25 | 19.6% | 44.0% | ||
| Q2 25 | 16.3% | 10.7% | ||
| Q1 25 | 17.9% | 14.8% | ||
| Q4 24 | 15.9% | -44.9% | ||
| Q3 24 | 12.4% | 12.0% | ||
| Q2 24 | 11.6% | 17.8% | ||
| Q1 24 | 6.2% | 17.8% |
净利率DOCNHOG
| Q4 25 | 10.6% | -72.3% | ||
| Q3 25 | 69.0% | 35.0% | ||
| Q2 25 | 16.9% | 10.2% | ||
| Q1 25 | 18.1% | 12.3% | ||
| Q4 24 | 8.9% | -27.5% | ||
| Q3 24 | 16.6% | 13.5% | ||
| Q2 24 | 9.9% | 16.1% | ||
| Q1 24 | 7.7% | 15.9% |
每股收益（稀释后）DOCNHOG
| Q4 25 | $0.23 | $-2.27 | ||
| Q3 25 | $1.51 | $3.10 | ||
| Q2 25 | $0.39 | $0.88 | ||
| Q1 25 | $0.39 | $1.07 | ||
| Q4 24 | $0.21 | $-0.82 | ||
| Q3 24 | $0.33 | $0.91 | ||
| Q2 24 | $0.20 | $1.63 | ||
| Q1 24 | $0.15 | $1.72 |
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 | $3.1B |
| 总债务越低越好 | $1.3B | $2.5B |
| 股东权益账面价值 | $-28.7M | $3.1B |
| 总资产 | $1.8B | $8.0B |
| 负债/权益比越低杠杆越低 | — | 0.79× |
8季度趋势，按日历期对齐
现金及短期投资DOCNHOG
| Q4 25 | $254.5M | $3.1B | ||
| Q3 25 | $236.6M | $1.8B | ||
| Q2 25 | $387.7M | $1.6B | ||
| Q1 25 | $360.4M | $1.9B | ||
| Q4 24 | $428.4M | $1.6B | ||
| Q3 24 | $439.9M | $2.2B | ||
| Q2 24 | $443.1M | $1.8B | ||
| Q1 24 | $419.1M | $1.5B |
总债务DOCNHOG
| Q4 25 | $1.3B | $2.5B | ||
| Q3 25 | $1.3B | $4.5B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | $1.5B | $6.3B | ||
| Q3 24 | — | $7.3B | ||
| Q2 24 | — | $7.0B | ||
| Q1 24 | — | $6.3B |
股东权益DOCNHOG
| Q4 25 | $-28.7M | $3.1B | ||
| Q3 25 | $-69.6M | $3.6B | ||
| Q2 25 | $-175.2M | $3.3B | ||
| Q1 25 | $-210.7M | $3.2B | ||
| Q4 24 | $-203.0M | $3.2B | ||
| Q3 24 | $-211.7M | $3.4B | ||
| Q2 24 | $-253.8M | $3.4B | ||
| Q1 24 | $-286.1M | $3.3B |
总资产DOCNHOG
| Q4 25 | $1.8B | $8.0B | ||
| Q3 25 | $1.7B | $10.6B | ||
| Q2 25 | $1.7B | $12.1B | ||
| Q1 25 | $1.6B | $12.4B | ||
| Q4 24 | $1.6B | $11.9B | ||
| Q3 24 | $1.5B | $13.0B | ||
| Q2 24 | $1.5B | $12.8B | ||
| Q1 24 | $1.5B | $12.3B |
负债/权益比DOCNHOG
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 1.25× | ||
| Q2 25 | — | 1.91× | ||
| Q1 25 | — | 2.14× | ||
| Q4 24 | — | 2.00× | ||
| Q3 24 | — | 2.13× | ||
| Q2 24 | — | 2.03× | ||
| Q1 24 | — | 1.88× |
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 | $152.0M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $100.4M |
| 自由现金流率自由现金流/营收 | 12.8% | 25.7% |
| 资本支出强度资本支出/营收 | 10.8% | 13.2% |
| 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 | $415.2M |
8季度趋势，按日历期对齐
经营现金流DOCNHOG
| Q4 25 | $57.3M | $152.0M | ||
| Q3 25 | $95.8M | $-92.6M | ||
| Q2 25 | $92.4M | $368.0M | ||
| Q1 25 | $64.1M | $141.5M | ||
| Q4 24 | $71.3M | $133.2M | ||
| Q3 24 | $73.4M | $353.0M | ||
| Q2 24 | $71.3M | $473.6M | ||
| Q1 24 | $66.7M | $104.0M |
自由现金流DOCNHOG
| Q4 25 | $31.1M | $100.4M | ||
| Q3 25 | $88.0M | $-129.1M | ||
| Q2 25 | $59.3M | $332.4M | ||
| Q1 25 | $2.1M | $111.6M | ||
| Q4 24 | $26.1M | $77.0M | ||
| Q3 24 | $16.0M | $300.4M | ||
| Q2 24 | $39.5M | $432.2M | ||
| Q1 24 | $23.0M | $57.6M |
自由现金流率DOCNHOG
| Q4 25 | 12.8% | 25.7% | ||
| Q3 25 | 38.3% | -12.0% | ||
| Q2 25 | 27.1% | 31.7% | ||
| Q1 25 | 1.0% | 10.3% | ||
| Q4 24 | 12.7% | 17.9% | ||
| Q3 24 | 8.1% | 34.1% | ||
| Q2 24 | 20.5% | 31.9% | ||
| Q1 24 | 12.5% | 3.9% |
资本支出强度DOCNHOG
| Q4 25 | 10.8% | 13.2% | ||
| Q3 25 | 3.4% | 3.4% | ||
| Q2 25 | 15.2% | 3.4% | ||
| Q1 25 | 29.4% | 2.8% | ||
| Q4 24 | 22.1% | 13.0% | ||
| Q3 24 | 28.9% | 6.0% | ||
| Q2 24 | 16.6% | 3.1% | ||
| Q1 24 | 23.6% | 3.1% |
现金转化率DOCNHOG
| Q4 25 | 2.23× | — | ||
| Q3 25 | 0.60× | -0.25× | ||
| Q2 25 | 2.50× | 3.42× | ||
| Q1 25 | 1.68× | 1.06× | ||
| Q4 24 | 3.91× | — | ||
| Q3 24 | 2.23× | 2.97× | ||
| Q2 24 | 3.73× | 2.17× | ||
| Q1 24 | 4.72× | 0.44× |
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% |
HOG
| Motorcycles | $193.9M | 50% |
| Other | $63.8M | 16% |
| Other Income Financial Services | $59.8M | 15% |
| Apparel | $47.2M | 12% |
| Livewire Segment | $11.4M | 3% |
