vs
DigitalOcean Holdings, Inc.（DOCN）与IMAX（IMAX）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IMAX的1.9倍（$242.4M vs $125.2M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs 0.5%，领先10.1%），IMAX同比增速更快（35.1% vs 18.3%），DigitalOcean Holdings, Inc.自由现金流更多（$31.1M vs $28.0M），过去两年IMAX的营收复合增速更高（25.8% vs 14.5%）
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。
IMAX公司是加拿大的影视放映技术企业，1967年创立于蒙特利尔，总部位于多伦多地区，在纽约、洛杉矶均设有业务点。核心业务包括IMAX摄影机与放映系统的设计制造，同时面向全球合作影院提供影片开发、制作、后期及发行服务，是沉浸式观影技术领域的领先企业。
DOCN vs IMAX — 直观对比
营收规模更大
DOCN
是对方的1.9倍
$125.2M
营收增速更快
IMAX
高出16.8%
18.3%
净利率更高
DOCN
高出10.1%
0.5%
自由现金流更多
DOCN
多$3.2M
$28.0M
两年增速更快
IMAX
近两年复合增速
14.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $125.2M |
| 净利润 | $25.7M | $637.0K |
| 毛利率 | 58.7% | 57.6% |
| 营业利润率 | 16.0% | 19.3% |
| 净利率 | 10.6% | 0.5% |
| 营收同比 | 18.3% | 35.1% |
| 净利润同比 | 40.5% | -88.0% |
| 每股收益（稀释后） | $0.23 | $0.02 |
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DOCNIMAX
| Q4 25 | $242.4M | $125.2M | ||
| Q3 25 | $229.6M | $106.7M | ||
| Q2 25 | $218.7M | $91.7M | ||
| Q1 25 | $210.7M | $86.7M | ||
| Q4 24 | $204.9M | $92.7M | ||
| Q3 24 | $198.5M | $91.5M | ||
| Q2 24 | $192.5M | $89.0M | ||
| Q1 24 | $184.7M | $79.1M |
净利润DOCNIMAX
| Q4 25 | $25.7M | $637.0K | ||
| Q3 25 | $158.4M | $20.7M | ||
| Q2 25 | $37.0M | $11.3M | ||
| Q1 25 | $38.2M | $2.3M | ||
| Q4 24 | $18.3M | $5.3M | ||
| Q3 24 | $32.9M | $13.9M | ||
| Q2 24 | $19.1M | $3.6M | ||
| Q1 24 | $14.1M | $3.3M |
毛利率DOCNIMAX
| Q4 25 | 58.7% | 57.6% | ||
| Q3 25 | 59.6% | 63.1% | ||
| Q2 25 | 59.9% | 58.5% | ||
| Q1 25 | 61.4% | 61.4% | ||
| Q4 24 | 57.1% | 52.2% | ||
| Q3 24 | 60.2% | 55.8% | ||
| Q2 24 | 61.0% | 49.4% | ||
| Q1 24 | 60.7% | 59.3% |
营业利润率DOCNIMAX
| Q4 25 | 16.0% | 19.3% | ||
| Q3 25 | 19.6% | 27.2% | ||
| Q2 25 | 16.3% | 15.6% | ||
| Q1 25 | 17.9% | 19.3% | ||
| Q4 24 | 15.9% | 10.3% | ||
| Q3 24 | 12.4% | 21.2% | ||
| Q2 24 | 11.6% | 3.2% | ||
| Q1 24 | 6.2% | 15.3% |
净利率DOCNIMAX
| Q4 25 | 10.6% | 0.5% | ||
| Q3 25 | 69.0% | 19.4% | ||
| Q2 25 | 16.9% | 12.3% | ||
| Q1 25 | 18.1% | 2.7% | ||
| Q4 24 | 8.9% | 5.7% | ||
| Q3 24 | 16.6% | 15.2% | ||
| Q2 24 | 9.9% | 4.0% | ||
| Q1 24 | 7.7% | 4.1% |
每股收益（稀释后）DOCNIMAX
| Q4 25 | $0.23 | $0.02 | ||
| Q3 25 | $1.51 | $0.37 | ||
| Q2 25 | $0.39 | $0.20 | ||
| Q1 25 | $0.39 | $0.04 | ||
| Q4 24 | $0.21 | $0.09 | ||
| Q3 24 | $0.33 | $0.26 | ||
| Q2 24 | $0.20 | $0.07 | ||
| Q1 24 | $0.15 | $0.06 |
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 | $151.2M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $-28.7M | $337.9M |
| 总资产 | $1.8B | $894.0M |
| 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DOCNIMAX
| Q4 25 | $254.5M | $151.2M | ||
| Q3 25 | $236.6M | $143.1M | ||
| Q2 25 | $387.7M | $109.3M | ||
| Q1 25 | $360.4M | $97.1M | ||
| Q4 24 | $428.4M | $100.6M | ||
| Q3 24 | $439.9M | $104.5M | ||
| Q2 24 | $443.1M | $91.6M | ||
| Q1 24 | $419.1M | $81.0M |
总债务DOCNIMAX
| 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DOCNIMAX
| Q4 25 | $-28.7M | $337.9M | ||
| Q3 25 | $-69.6M | $349.5M | ||
| Q2 25 | $-175.2M | $320.4M | ||
| Q1 25 | $-210.7M | $299.5M | ||
| Q4 24 | $-203.0M | $299.5M | ||
| Q3 24 | $-211.7M | $289.4M | ||
| Q2 24 | $-253.8M | $267.2M | ||
| Q1 24 | $-286.1M | $258.8M |
总资产DOCNIMAX
| Q4 25 | $1.8B | $894.0M | ||
| Q3 25 | $1.7B | $889.6M | ||
| Q2 25 | $1.7B | $868.6M | ||
| Q1 25 | $1.6B | $848.3M | ||
| Q4 24 | $1.6B | $830.4M | ||
| Q3 24 | $1.5B | $847.6M | ||
| Q2 24 | $1.5B | $827.4M | ||
| Q1 24 | $1.5B | $824.1M |
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 | $29.4M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $28.0M |
| 自由现金流率自由现金流/营收 | 12.8% | 22.3% |
| 资本支出强度资本支出/营收 | 10.8% | 1.1% |
| 现金转化率经营现金流/净利润 | 2.23× | 46.11× |
| 过去12个月自由现金流最近4个季度 | $180.5M | $118.9M |
8季度趋势，按日历期对齐
经营现金流DOCNIMAX
| Q4 25 | $57.3M | $29.4M | ||
| Q3 25 | $95.8M | $67.5M | ||
| Q2 25 | $92.4M | $23.2M | ||
| Q1 25 | $64.1M | $7.0M | ||
| Q4 24 | $71.3M | $11.5M | ||
| Q3 24 | $73.4M | $35.3M | ||
| Q2 24 | $71.3M | $35.0M | ||
| Q1 24 | $66.7M | $-11.0M |
自由现金流DOCNIMAX
| Q4 25 | $31.1M | $28.0M | ||
| Q3 25 | $88.0M | $64.8M | ||
| Q2 25 | $59.3M | $20.9M | ||
| Q1 25 | $2.1M | $5.3M | ||
| Q4 24 | $26.1M | $6.9M | ||
| Q3 24 | $16.0M | $34.2M | ||
| Q2 24 | $39.5M | $33.5M | ||
| Q1 24 | $23.0M | $-12.1M |
自由现金流率DOCNIMAX
| Q4 25 | 12.8% | 22.3% | ||
| Q3 25 | 38.3% | 60.7% | ||
| Q2 25 | 27.1% | 22.8% | ||
| Q1 25 | 1.0% | 6.1% | ||
| Q4 24 | 12.7% | 7.4% | ||
| Q3 24 | 8.1% | 37.3% | ||
| Q2 24 | 20.5% | 37.6% | ||
| Q1 24 | 12.5% | -15.3% |
资本支出强度DOCNIMAX
| Q4 25 | 10.8% | 1.1% | ||
| Q3 25 | 3.4% | 2.6% | ||
| Q2 25 | 15.2% | 2.6% | ||
| Q1 25 | 29.4% | 1.9% | ||
| Q4 24 | 22.1% | 5.0% | ||
| Q3 24 | 28.9% | 1.2% | ||
| Q2 24 | 16.6% | 1.8% | ||
| Q1 24 | 23.6% | 1.4% |
现金转化率DOCNIMAX
| Q4 25 | 2.23× | 46.11× | ||
| Q3 25 | 0.60× | 3.27× | ||
| Q2 25 | 2.50× | 2.06× | ||
| Q1 25 | 1.68× | 2.99× | ||
| Q4 24 | 3.91× | 2.16× | ||
| Q3 24 | 2.23× | 2.54× | ||
| Q2 24 | 3.73× | 9.78× | ||
| Q1 24 | 4.72× | -3.35× |
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% |
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
