vs
DigitalOcean Holdings, Inc.（DOCN）与IONIS PHARMACEUTICALS INC（IONS）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IONIS PHARMACEUTICALS INC的1.2倍（$242.4M vs $203.3M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs -112.8%，领先123.4%），DigitalOcean Holdings, Inc.同比增速更快（18.3% vs -10.3%），DigitalOcean Holdings, Inc.自由现金流更多（$31.1M vs $-159.0M），过去两年IONIS PHARMACEUTICALS INC的营收复合增速更高（30.4% 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。
IONIS制药是1989年成立的生物科技企业，总部位于美国加利福尼亚州卡尔斯巴德，专注于反义疗法、RNA干扰及CRISPR疗法的研发，2015年12月前曾以Isis制药的名称运营。
DOCN vs IONS — 直观对比
营收规模更大
DOCN
是对方的1.2倍
$203.3M
营收增速更快
DOCN
高出28.5%
-10.3%
净利率更高
DOCN
高出123.4%
-112.8%
自由现金流更多
DOCN
多$190.1M
$-159.0M
两年增速更快
IONS
近两年复合增速
14.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $203.3M |
| 净利润 | $25.7M | $-229.4M |
| 毛利率 | 58.7% | 96.1% |
| 营业利润率 | 16.0% | -105.5% |
| 净利率 | 10.6% | -112.8% |
| 营收同比 | 18.3% | -10.3% |
| 净利润同比 | 40.5% | -119.8% |
| 每股收益（稀释后） | $0.23 | $-1.35 |
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DOCNIONS
| Q4 25 | $242.4M | $203.3M | ||
| Q3 25 | $229.6M | $156.7M | ||
| Q2 25 | $218.7M | $452.0M | ||
| Q1 25 | $210.7M | $131.6M | ||
| Q4 24 | $204.9M | $226.6M | ||
| Q3 24 | $198.5M | $133.8M | ||
| Q2 24 | $192.5M | $225.3M | ||
| Q1 24 | $184.7M | $119.5M |
净利润DOCNIONS
| Q4 25 | $25.7M | $-229.4M | ||
| Q3 25 | $158.4M | $-128.6M | ||
| Q2 25 | $37.0M | $123.6M | ||
| Q1 25 | $38.2M | $-146.9M | ||
| Q4 24 | $18.3M | $-104.3M | ||
| Q3 24 | $32.9M | $-140.5M | ||
| Q2 24 | $19.1M | $-66.3M | ||
| Q1 24 | $14.1M | $-142.8M |
毛利率DOCNIONS
| Q4 25 | 58.7% | 96.1% | ||
| Q3 25 | 59.6% | 98.5% | ||
| Q2 25 | 59.9% | 99.1% | ||
| Q1 25 | 61.4% | 98.9% | ||
| Q4 24 | 57.1% | 98.3% | ||
| Q3 24 | 60.2% | 99.2% | ||
| Q2 24 | 61.0% | 98.2% | ||
| Q1 24 | 60.7% | 98.2% |
营业利润率DOCNIONS
| Q4 25 | 16.0% | -105.5% | ||
| Q3 25 | 19.6% | -102.2% | ||
| Q2 25 | 16.3% | 30.9% | ||
| Q1 25 | 17.9% | -111.6% | ||
| Q4 24 | 15.9% | -48.9% | ||
| Q3 24 | 12.4% | -111.1% | ||
| Q2 24 | 11.6% | -29.3% | ||
| Q1 24 | 6.2% | -125.1% |
净利率DOCNIONS
| Q4 25 | 10.6% | -112.8% | ||
| Q3 25 | 69.0% | -82.1% | ||
| Q2 25 | 16.9% | 27.3% | ||
| Q1 25 | 18.1% | -111.6% | ||
| Q4 24 | 8.9% | -46.1% | ||
| Q3 24 | 16.6% | -105.0% | ||
| Q2 24 | 9.9% | -29.4% | ||
| Q1 24 | 7.7% | -119.5% |
每股收益（稀释后）DOCNIONS
| Q4 25 | $0.23 | $-1.35 | ||
| Q3 25 | $1.51 | $-0.80 | ||
| Q2 25 | $0.39 | $0.70 | ||
| Q1 25 | $0.39 | $-0.93 | ||
| Q4 24 | $0.21 | $-0.66 | ||
| Q3 24 | $0.33 | $-0.95 | ||
| Q2 24 | $0.20 | $-0.45 | ||
| Q1 24 | $0.15 | $-0.98 |
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 | $2.7B |
| 总债务越低越好 | $1.3B | $1.8B |
| 股东权益账面价值 | $-28.7M | $489.1M |
| 总资产 | $1.8B | $3.5B |
| 负债/权益比越低杠杆越低 | — | 3.71× |
8季度趋势，按日历期对齐
现金及短期投资DOCNIONS
| Q4 25 | $254.5M | $2.7B | ||
| Q3 25 | $236.6M | $2.2B | ||
| Q2 25 | $387.7M | $2.3B | ||
| Q1 25 | $360.4M | $2.1B | ||
| Q4 24 | $428.4M | $2.3B | ||
| Q3 24 | $439.9M | $2.5B | ||
| Q2 24 | $443.1M | $2.1B | ||
| Q1 24 | $419.1M | $2.2B |
总债务DOCNIONS
| Q4 25 | $1.3B | $1.8B | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DOCNIONS
| Q4 25 | $-28.7M | $489.1M | ||
| Q3 25 | $-69.6M | $618.0M | ||
| Q2 25 | $-175.2M | $631.7M | ||
| Q1 25 | $-210.7M | $475.7M | ||
| Q4 24 | $-203.0M | $588.4M | ||
| Q3 24 | $-211.7M | $662.5M | ||
| Q2 24 | $-253.8M | $263.7M | ||
| Q1 24 | $-286.1M | $296.5M |
总资产DOCNIONS
| Q4 25 | $1.8B | $3.5B | ||
| Q3 25 | $1.7B | $3.0B | ||
| Q2 25 | $1.7B | $3.0B | ||
| Q1 25 | $1.6B | $2.8B | ||
| Q4 24 | $1.6B | $3.0B | ||
| Q3 24 | $1.5B | $3.1B | ||
| Q2 24 | $1.5B | $2.7B | ||
| Q1 24 | $1.5B | $2.8B |
负债/权益比DOCNIONS
| Q4 25 | — | 3.71× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.13× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-137.7M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $-159.0M |
| 自由现金流率自由现金流/营收 | 12.8% | -78.2% |
| 资本支出强度资本支出/营收 | 10.8% | 10.5% |
| 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 | $-320.0M |
8季度趋势，按日历期对齐
经营现金流DOCNIONS
| Q4 25 | $57.3M | $-137.7M | ||
| Q3 25 | $95.8M | $-131.4M | ||
| Q2 25 | $92.4M | $151.3M | ||
| Q1 25 | $64.1M | $-150.8M | ||
| Q4 24 | $71.3M | $-116.1M | ||
| Q3 24 | $73.4M | $-115.0M | ||
| Q2 24 | $71.3M | $-119.9M | ||
| Q1 24 | $66.7M | $-149.9M |
自由现金流DOCNIONS
| Q4 25 | $31.1M | $-159.0M | ||
| Q3 25 | $88.0M | $-136.7M | ||
| Q2 25 | $59.3M | $139.0M | ||
| Q1 25 | $2.1M | $-163.4M | ||
| Q4 24 | $26.1M | $-141.6M | ||
| Q3 24 | $16.0M | $-124.0M | ||
| Q2 24 | $39.5M | $-126.1M | ||
| Q1 24 | $23.0M | $-154.4M |
自由现金流率DOCNIONS
| Q4 25 | 12.8% | -78.2% | ||
| Q3 25 | 38.3% | -87.2% | ||
| Q2 25 | 27.1% | 30.8% | ||
| Q1 25 | 1.0% | -124.1% | ||
| Q4 24 | 12.7% | -62.5% | ||
| Q3 24 | 8.1% | -92.7% | ||
| Q2 24 | 20.5% | -56.0% | ||
| Q1 24 | 12.5% | -129.2% |
资本支出强度DOCNIONS
| Q4 25 | 10.8% | 10.5% | ||
| Q3 25 | 3.4% | 3.4% | ||
| Q2 25 | 15.2% | 2.7% | ||
| Q1 25 | 29.4% | 9.6% | ||
| Q4 24 | 22.1% | 11.3% | ||
| Q3 24 | 28.9% | 6.8% | ||
| Q2 24 | 16.6% | 2.8% | ||
| Q1 24 | 23.6% | 3.8% |
现金转化率DOCNIONS
| Q4 25 | 2.23× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 2.50× | 1.22× | ||
| 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% |
IONS
| Products | $58.0M | 29% |
| Spinraza Royalties | $54.0M | 27% |
| Collaborative Agreement Revenue | $52.4M | 26% |
| Wainus Royalties | $16.0M | 8% |
| Wainua Joint Development Revenue | $9.6M | 5% |
| Other Commercial | $7.6M | 4% |
| Other Royalties | $5.7M | 3% |
