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DigitalOcean Holdings, Inc.（DOCN）与LINCOLN EDUCATIONAL SERVICES CORP（LINC）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LINCOLN EDUCATIONAL SERVICES CORP的1.7倍（$242.4M vs $142.9M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs 8.9%，领先1.7%），LINCOLN EDUCATIONAL SERVICES CORP同比增速更快（19.7% vs 18.3%），DigitalOcean Holdings, Inc.自由现金流更多（$31.1M vs $25.0M），过去两年LINCOLN EDUCATIONAL SERVICES CORP的营收复合增速更高（17.6% 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。
林肯技术教育集团是美国营利性高等职业教育机构，总部位于新泽西州帕西帕尼，在美国科罗拉多、康涅狄格、佐治亚等12个州都设有校区，所有校区均由林肯教育服务公司持有运营，主打面向就业的高等职业技术教育服务。
DOCN vs LINC — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $142.9M |
| 净利润 | $25.7M | $12.7M |
| 毛利率 | 58.7% | 62.3% |
| 营业利润率 | 16.0% | 12.4% |
| 净利率 | 10.6% | 8.9% |
| 营收同比 | 18.3% | 19.7% |
| 净利润同比 | 40.5% | 85.9% |
| 每股收益（稀释后） | $0.23 | $0.41 |
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
| Q4 25 | $242.4M | $142.9M | ||
| Q3 25 | $229.6M | $141.4M | ||
| Q2 25 | $218.7M | $116.5M | ||
| Q1 25 | $210.7M | $117.5M | ||
| Q4 24 | $204.9M | $119.4M | ||
| Q3 24 | $198.5M | $114.4M | ||
| Q2 24 | $192.5M | $102.9M | ||
| Q1 24 | $184.7M | $103.4M |
| Q4 25 | $25.7M | $12.7M | ||
| Q3 25 | $158.4M | $3.8M | ||
| Q2 25 | $37.0M | $1.6M | ||
| Q1 25 | $38.2M | $1.9M | ||
| Q4 24 | $18.3M | $6.8M | ||
| Q3 24 | $32.9M | $4.0M | ||
| Q2 24 | $19.1M | $-682.0K | ||
| Q1 24 | $14.1M | $-214.0K |
| Q4 25 | 58.7% | 62.3% | ||
| Q3 25 | 59.6% | 59.5% | ||
| Q2 25 | 59.9% | 59.8% | ||
| Q1 25 | 61.4% | 59.7% | ||
| Q4 24 | 57.1% | 62.2% | ||
| Q3 24 | 60.2% | 58.0% | ||
| Q2 24 | 61.0% | 55.7% | ||
| Q1 24 | 60.7% | 58.4% |
| Q4 25 | 16.0% | 12.4% | ||
| Q3 25 | 19.6% | 4.4% | ||
| Q2 25 | 16.3% | 2.5% | ||
| Q1 25 | 17.9% | 2.9% | ||
| Q4 24 | 15.9% | 9.2% | ||
| Q3 24 | 12.4% | 5.1% | ||
| Q2 24 | 11.6% | -1.1% | ||
| Q1 24 | 6.2% | -0.4% |
| Q4 25 | 10.6% | 8.9% | ||
| Q3 25 | 69.0% | 2.7% | ||
| Q2 25 | 16.9% | 1.3% | ||
| Q1 25 | 18.1% | 1.7% | ||
| Q4 24 | 8.9% | 5.7% | ||
| Q3 24 | 16.6% | 3.5% | ||
| Q2 24 | 9.9% | -0.7% | ||
| Q1 24 | 7.7% | -0.2% |
| Q4 25 | $0.23 | $0.41 | ||
| Q3 25 | $1.51 | $0.12 | ||
| Q2 25 | $0.39 | $0.05 | ||
| Q1 25 | $0.39 | $0.06 | ||
| Q4 24 | $0.21 | $0.22 | ||
| Q3 24 | $0.33 | $0.13 | ||
| Q2 24 | $0.20 | $-0.02 | ||
| Q1 24 | $0.15 | $-0.01 |
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 | $28.5M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $-28.7M | $199.7M |
| 总资产 | $1.8B | $493.2M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $254.5M | $28.5M | ||
| Q3 25 | $236.6M | $13.5M | ||
| Q2 25 | $387.7M | $16.7M | ||
| Q1 25 | $360.4M | $28.7M | ||
| Q4 24 | $428.4M | $59.3M | ||
| Q3 24 | $439.9M | $54.0M | ||
| Q2 24 | $443.1M | $67.0M | ||
| Q1 24 | $419.1M | $68.6M |
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-28.7M | $199.7M | ||
| Q3 25 | $-69.6M | $185.9M | ||
| Q2 25 | $-175.2M | $180.7M | ||
| Q1 25 | $-210.7M | $177.8M | ||
| Q4 24 | $-203.0M | $178.3M | ||
| Q3 24 | $-211.7M | $170.0M | ||
| Q2 24 | $-253.8M | $164.9M | ||
| Q1 24 | $-286.1M | $164.5M |
| Q4 25 | $1.8B | $493.2M | ||
| Q3 25 | $1.7B | $466.9M | ||
| Q2 25 | $1.7B | $447.3M | ||
| Q1 25 | $1.6B | $427.4M | ||
| Q4 24 | $1.6B | $436.6M | ||
| Q3 24 | $1.5B | $404.0M | ||
| Q2 24 | $1.5B | $366.4M | ||
| Q1 24 | $1.5B | $355.2M |
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 | $43.5M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $25.0M |
| 自由现金流率自由现金流/营收 | 12.8% | 17.5% |
| 资本支出强度资本支出/营收 | 10.8% | 13.0% |
| 现金转化率经营现金流/净利润 | 2.23× | 3.43× |
| 过去12个月自由现金流最近4个季度 | $180.5M | $-27.3M |
8季度趋势，按日历期对齐
| Q4 25 | $57.3M | $43.5M | ||
| Q3 25 | $95.8M | $23.9M | ||
| Q2 25 | $92.4M | $299.0K | ||
| Q1 25 | $64.1M | $-8.4M | ||
| Q4 24 | $71.3M | $30.3M | ||
| Q3 24 | $73.4M | $5.6M | ||
| Q2 24 | $71.3M | $8.3M | ||
| Q1 24 | $66.7M | $-14.9M |
| Q4 25 | $31.1M | $25.0M | ||
| Q3 25 | $88.0M | $2.0M | ||
| Q2 25 | $59.3M | $-26.1M | ||
| Q1 25 | $2.1M | $-28.3M | ||
| Q4 24 | $26.1M | $5.5M | ||
| Q3 24 | $16.0M | $-13.8M | ||
| Q2 24 | $39.5M | $-2.7M | ||
| Q1 24 | $23.0M | $-16.6M |
| Q4 25 | 12.8% | 17.5% | ||
| Q3 25 | 38.3% | 1.4% | ||
| Q2 25 | 27.1% | -22.4% | ||
| Q1 25 | 1.0% | -24.1% | ||
| Q4 24 | 12.7% | 4.6% | ||
| Q3 24 | 8.1% | -12.0% | ||
| Q2 24 | 20.5% | -2.6% | ||
| Q1 24 | 12.5% | -16.1% |
| Q4 25 | 10.8% | 13.0% | ||
| Q3 25 | 3.4% | 15.5% | ||
| Q2 25 | 15.2% | 22.7% | ||
| Q1 25 | 29.4% | 16.9% | ||
| Q4 24 | 22.1% | 20.8% | ||
| Q3 24 | 28.9% | 16.9% | ||
| Q2 24 | 16.6% | 10.7% | ||
| Q1 24 | 23.6% | 1.6% |
| Q4 25 | 2.23× | 3.43× | ||
| Q3 25 | 0.60× | 6.29× | ||
| Q2 25 | 2.50× | 0.19× | ||
| Q1 25 | 1.68× | -4.31× | ||
| Q4 24 | 3.91× | 4.43× | ||
| Q3 24 | 2.23× | 1.42× | ||
| 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% |
LINC
| Transferred Over Time | $136.0M | 95% |
| Transferred At Point In Time | $6.9M | 5% |
