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DigitalOcean Holdings, Inc.（DOCN）与Kodiak Gas Services, Inc.（KGS）财务数据对比。点击上方公司名可切换其他公司
Kodiak Gas Services, Inc.的季度营收约是DigitalOcean Holdings, Inc.的1.4倍（$332.9M vs $242.4M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs 7.4%，领先3.2%），DigitalOcean Holdings, Inc.同比增速更快（18.3% vs 7.5%），Kodiak Gas Services, Inc.自由现金流更多（$142.0M vs $31.1M），过去两年Kodiak Gas Services, Inc.的营收复合增速更高（24.3% 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。
Kodiak Gas Services是北美知名的天然气压缩服务供应商，主要服务油气行业上下游客户，提供定制化压缩设备、运维及运营支持，帮助客户优化陆上天然气收集、处理与运输全流程的运营效率。
DOCN vs KGS — 直观对比
营收规模更大
KGS
是对方的1.4倍
$242.4M
营收增速更快
DOCN
高出10.7%
7.5%
净利率更高
DOCN
高出3.2%
7.4%
自由现金流更多
KGS
多$110.9M
$31.1M
两年增速更快
KGS
近两年复合增速
14.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $332.9M |
| 净利润 | $25.7M | $24.6M |
| 毛利率 | 58.7% | — |
| 营业利润率 | 16.0% | 26.1% |
| 净利率 | 10.6% | 7.4% |
| 营收同比 | 18.3% | 7.5% |
| 净利润同比 | 40.5% | 29.0% |
| 每股收益（稀释后） | $0.23 | $0.30 |
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DOCNKGS
| Q4 25 | $242.4M | $332.9M | ||
| Q3 25 | $229.6M | $322.7M | ||
| Q2 25 | $218.7M | $322.8M | ||
| Q1 25 | $210.7M | $329.6M | ||
| Q4 24 | $204.9M | $309.5M | ||
| Q3 24 | $198.5M | $324.6M | ||
| Q2 24 | $192.5M | $309.7M | ||
| Q1 24 | $184.7M | $215.5M |
净利润DOCNKGS
| Q4 25 | $25.7M | $24.6M | ||
| Q3 25 | $158.4M | $-14.0M | ||
| Q2 25 | $37.0M | $39.5M | ||
| Q1 25 | $38.2M | $30.4M | ||
| Q4 24 | $18.3M | $19.1M | ||
| Q3 24 | $32.9M | $-5.6M | ||
| Q2 24 | $19.1M | $6.2M | ||
| Q1 24 | $14.1M | $30.2M |
毛利率DOCNKGS
| Q4 25 | 58.7% | — | ||
| Q3 25 | 59.6% | — | ||
| Q2 25 | 59.9% | — | ||
| Q1 25 | 61.4% | — | ||
| Q4 24 | 57.1% | — | ||
| Q3 24 | 60.2% | 37.5% | ||
| Q2 24 | 61.0% | 36.5% | ||
| Q1 24 | 60.7% | 39.4% |
营业利润率DOCNKGS
| Q4 25 | 16.0% | 26.1% | ||
| Q3 25 | 19.6% | 19.9% | ||
| Q2 25 | 16.3% | 30.9% | ||
| Q1 25 | 17.9% | 27.1% | ||
| Q4 24 | 15.9% | 22.3% | ||
| Q3 24 | 12.4% | 20.4% | ||
| Q2 24 | 11.6% | 17.5% | ||
| Q1 24 | 6.2% | 27.9% |
净利率DOCNKGS
| Q4 25 | 10.6% | 7.4% | ||
| Q3 25 | 69.0% | -4.3% | ||
| Q2 25 | 16.9% | 12.2% | ||
| Q1 25 | 18.1% | 9.2% | ||
| Q4 24 | 8.9% | 6.2% | ||
| Q3 24 | 16.6% | -1.7% | ||
| Q2 24 | 9.9% | 2.0% | ||
| Q1 24 | 7.7% | 14.0% |
每股收益（稀释后）DOCNKGS
| Q4 25 | $0.23 | $0.30 | ||
| Q3 25 | $1.51 | $-0.17 | ||
| Q2 25 | $0.39 | $0.43 | ||
| Q1 25 | $0.39 | $0.33 | ||
| Q4 24 | $0.21 | $0.18 | ||
| Q3 24 | $0.33 | $-0.07 | ||
| Q2 24 | $0.20 | $0.06 | ||
| Q1 24 | $0.15 | $0.39 |
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 | $3.2M |
| 总债务越低越好 | $1.3B | $2.6B |
| 股东权益账面价值 | $-28.7M | $1.2B |
| 总资产 | $1.8B | $4.3B |
| 负债/权益比越低杠杆越低 | — | 2.12× |
8季度趋势，按日历期对齐
现金及短期投资DOCNKGS
| Q4 25 | $254.5M | $3.2M | ||
| Q3 25 | $236.6M | $724.0K | ||
| Q2 25 | $387.7M | $5.4M | ||
| Q1 25 | $360.4M | $1.9M | ||
| Q4 24 | $428.4M | $4.8M | ||
| Q3 24 | $439.9M | $7.4M | ||
| Q2 24 | $443.1M | $3.9M | ||
| Q1 24 | $419.1M | $9.3M |
总债务DOCNKGS
| Q4 25 | $1.3B | $2.6B | ||
| Q3 25 | $1.3B | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | $1.5B | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | — |
股东权益DOCNKGS
| Q4 25 | $-28.7M | $1.2B | ||
| Q3 25 | $-69.6M | $1.3B | ||
| Q2 25 | $-175.2M | $1.3B | ||
| Q1 25 | $-210.7M | $1.4B | ||
| Q4 24 | $-203.0M | $1.4B | ||
| Q3 24 | $-211.7M | $1.4B | ||
| Q2 24 | $-253.8M | $1.5B | ||
| Q1 24 | $-286.1M | $1.1B |
总资产DOCNKGS
| Q4 25 | $1.8B | $4.3B | ||
| Q3 25 | $1.7B | $4.4B | ||
| Q2 25 | $1.7B | $4.4B | ||
| Q1 25 | $1.6B | $4.4B | ||
| Q4 24 | $1.6B | $4.4B | ||
| Q3 24 | $1.5B | $4.5B | ||
| Q2 24 | $1.5B | $4.4B | ||
| Q1 24 | $1.5B | $3.3B |
负债/权益比DOCNKGS
| Q4 25 | — | 2.12× | ||
| Q3 25 | — | 2.08× | ||
| Q2 25 | — | 1.89× | ||
| Q1 25 | — | 1.91× | ||
| Q4 24 | — | 1.88× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 1.71× | ||
| 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 | $194.9M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $142.0M |
| 自由现金流率自由现金流/营收 | 12.8% | 42.7% |
| 资本支出强度资本支出/营收 | 10.8% | 15.9% |
| 现金转化率经营现金流/净利润 | 2.23× | 7.91× |
| 过去12个月自由现金流最近4个季度 | $180.5M | $284.3M |
8季度趋势，按日历期对齐
经营现金流DOCNKGS
| Q4 25 | $57.3M | $194.9M | ||
| Q3 25 | $95.8M | $113.4M | ||
| Q2 25 | $92.4M | $177.2M | ||
| Q1 25 | $64.1M | $114.3M | ||
| Q4 24 | $71.3M | $118.5M | ||
| Q3 24 | $73.4M | $36.9M | ||
| Q2 24 | $71.3M | $121.1M | ||
| Q1 24 | $66.7M | $51.5M |
自由现金流DOCNKGS
| Q4 25 | $31.1M | $142.0M | ||
| Q3 25 | $88.0M | $10.9M | ||
| Q2 25 | $59.3M | $94.6M | ||
| Q1 25 | $2.1M | $36.8M | ||
| Q4 24 | $26.1M | $45.2M | ||
| Q3 24 | $16.0M | $-49.7M | ||
| Q2 24 | $39.5M | $4.0M | ||
| Q1 24 | $23.0M | $-8.6M |
自由现金流率DOCNKGS
| Q4 25 | 12.8% | 42.7% | ||
| Q3 25 | 38.3% | 3.4% | ||
| Q2 25 | 27.1% | 29.3% | ||
| Q1 25 | 1.0% | 11.2% | ||
| Q4 24 | 12.7% | 14.6% | ||
| Q3 24 | 8.1% | -15.3% | ||
| Q2 24 | 20.5% | 1.3% | ||
| Q1 24 | 12.5% | -4.0% |
资本支出强度DOCNKGS
| Q4 25 | 10.8% | 15.9% | ||
| Q3 25 | 3.4% | 31.7% | ||
| Q2 25 | 15.2% | 25.6% | ||
| Q1 25 | 29.4% | 23.5% | ||
| Q4 24 | 22.1% | 23.7% | ||
| Q3 24 | 28.9% | 26.7% | ||
| Q2 24 | 16.6% | 37.8% | ||
| Q1 24 | 23.6% | 27.9% |
现金转化率DOCNKGS
| Q4 25 | 2.23× | 7.91× | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 2.50× | 4.49× | ||
| Q1 25 | 1.68× | 3.76× | ||
| Q4 24 | 3.91× | 6.21× | ||
| Q3 24 | 2.23× | — | ||
| Q2 24 | 3.73× | 19.44× | ||
| Q1 24 | 4.72× | 1.70× |
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% |
KGS
| Other Services | $126.8M | 38% |
| Other | $112.2M | 34% |
| Transferred At Point In Time | $93.8M | 28% |
