vs
DigitalOcean Holdings, Inc.（DOCN）与Merchants Bancorp（MBIN）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Merchants Bancorp的1.4倍（$242.4M vs $175.2M），Merchants Bancorp净利率更高（38.6% vs 10.6%，领先28.1%），过去两年DigitalOcean Holdings, Inc.的营收复合增速更高（14.5% vs 4.8%）
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。
Ameris Bancorp是总部位于美国佐治亚州亚特兰大的银行控股企业，旗下设有Ameris Bank子公司，在佐治亚州、阿拉巴马州、佛罗里达州、北卡罗来纳州、南卡罗来纳州运营全服务网点，同时在上述五州及弗吉尼亚州、马里兰州、田纳西州设立仅办理抵押贷款业务的网点，为个人和企业客户提供线上及移动端银行服务。
DOCN vs MBIN — 直观对比
营收规模更大
DOCN
是对方的1.4倍
$175.2M
净利率更高
MBIN
高出28.1%
10.6%
两年增速更快
DOCN
近两年复合增速
4.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $175.2M |
| 净利润 | $25.7M | $67.7M |
| 毛利率 | 58.7% | — |
| 营业利润率 | 16.0% | — |
| 净利率 | 10.6% | 38.6% |
| 营收同比 | 18.3% | — |
| 净利润同比 | 40.5% | 16.3% |
| 每股收益（稀释后） | $0.23 | $1.25 |
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DOCNMBIN
| Q1 26 | — | $175.2M | ||
| Q4 25 | $242.4M | $185.3M | ||
| Q3 25 | $229.6M | $171.1M | ||
| Q2 25 | $218.7M | $179.2M | ||
| Q1 25 | $210.7M | $145.9M | ||
| Q4 24 | $204.9M | $193.8M | ||
| Q3 24 | $198.5M | $149.6M | ||
| Q2 24 | $192.5M | $159.5M |
净利润DOCNMBIN
| Q1 26 | — | $67.7M | ||
| Q4 25 | $25.7M | — | ||
| Q3 25 | $158.4M | $54.7M | ||
| Q2 25 | $37.0M | $38.0M | ||
| Q1 25 | $38.2M | $58.2M | ||
| Q4 24 | $18.3M | — | ||
| Q3 24 | $32.9M | $61.3M | ||
| Q2 24 | $19.1M | $76.4M |
毛利率DOCNMBIN
| Q1 26 | — | — | ||
| Q4 25 | 58.7% | — | ||
| Q3 25 | 59.6% | — | ||
| Q2 25 | 59.9% | — | ||
| Q1 25 | 61.4% | — | ||
| Q4 24 | 57.1% | — | ||
| Q3 24 | 60.2% | — | ||
| Q2 24 | 61.0% | — |
营业利润率DOCNMBIN
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | 39.9% | ||
| Q3 25 | 19.6% | 37.8% | ||
| Q2 25 | 16.3% | 27.3% | ||
| Q1 25 | 17.9% | 52.4% | ||
| Q4 24 | 15.9% | 66.0% | ||
| Q3 24 | 12.4% | 54.4% | ||
| Q2 24 | 11.6% | 62.2% |
净利率DOCNMBIN
| Q1 26 | — | 38.6% | ||
| Q4 25 | 10.6% | — | ||
| Q3 25 | 69.0% | 32.0% | ||
| Q2 25 | 16.9% | 21.2% | ||
| Q1 25 | 18.1% | 39.9% | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 16.6% | 41.0% | ||
| Q2 24 | 9.9% | 47.9% |
每股收益（稀释后）DOCNMBIN
| Q1 26 | — | $1.25 | ||
| Q4 25 | $0.23 | $1.28 | ||
| Q3 25 | $1.51 | $0.97 | ||
| Q2 25 | $0.39 | $0.60 | ||
| Q1 25 | $0.39 | $0.93 | ||
| Q4 24 | $0.21 | $1.84 | ||
| Q3 24 | $0.33 | $1.17 | ||
| Q2 24 | $0.20 | $1.49 |
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 | $83.2M |
| 总债务越低越好 | $1.3B | $32.0M |
| 股东权益账面价值 | $-28.7M | $2.3B |
| 总资产 | $1.8B | $20.3B |
| 负债/权益比越低杠杆越低 | — | 0.01× |
8季度趋势，按日历期对齐
现金及短期投资DOCNMBIN
| Q1 26 | — | $83.2M | ||
| Q4 25 | $254.5M | — | ||
| Q3 25 | $236.6M | — | ||
| Q2 25 | $387.7M | — | ||
| Q1 25 | $360.4M | — | ||
| Q4 24 | $428.4M | — | ||
| Q3 24 | $439.9M | — | ||
| Q2 24 | $443.1M | — |
总债务DOCNMBIN
| Q1 26 | — | $32.0M | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DOCNMBIN
| Q1 26 | — | $2.3B | ||
| Q4 25 | $-28.7M | $2.3B | ||
| Q3 25 | $-69.6M | $2.2B | ||
| Q2 25 | $-175.2M | $2.2B | ||
| Q1 25 | $-210.7M | $2.2B | ||
| Q4 24 | $-203.0M | $2.2B | ||
| Q3 24 | $-211.7M | $1.9B | ||
| Q2 24 | $-253.8M | $1.9B |
总资产DOCNMBIN
| Q1 26 | — | $20.3B | ||
| Q4 25 | $1.8B | $19.4B | ||
| Q3 25 | $1.7B | $19.4B | ||
| Q2 25 | $1.7B | $19.1B | ||
| Q1 25 | $1.6B | $18.8B | ||
| Q4 24 | $1.6B | $18.8B | ||
| Q3 24 | $1.5B | $18.7B | ||
| Q2 24 | $1.5B | $18.2B |
负债/权益比DOCNMBIN
| Q1 26 | — | 0.01× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 自由现金流经营现金流 - 资本支出 | $31.1M | — |
| 自由现金流率自由现金流/营收 | 12.8% | — |
| 资本支出强度资本支出/营收 | 10.8% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流DOCNMBIN
| Q1 26 | — | — | ||
| Q4 25 | $57.3M | $-341.2M | ||
| Q3 25 | $95.8M | $29.8M | ||
| Q2 25 | $92.4M | $-121.2M | ||
| Q1 25 | $64.1M | $148.0M | ||
| Q4 24 | $71.3M | $-835.3M | ||
| Q3 24 | $73.4M | $-492.6M | ||
| Q2 24 | $71.3M | $51.1M |
自由现金流DOCNMBIN
| Q1 26 | — | — | ||
| Q4 25 | $31.1M | $-362.2M | ||
| Q3 25 | $88.0M | $24.0M | ||
| Q2 25 | $59.3M | $-125.7M | ||
| Q1 25 | $2.1M | $141.2M | ||
| Q4 24 | $26.1M | $-853.7M | ||
| Q3 24 | $16.0M | $-497.2M | ||
| Q2 24 | $39.5M | $45.8M |
自由现金流率DOCNMBIN
| Q1 26 | — | — | ||
| Q4 25 | 12.8% | -195.5% | ||
| Q3 25 | 38.3% | 14.0% | ||
| Q2 25 | 27.1% | -70.1% | ||
| Q1 25 | 1.0% | 96.8% | ||
| Q4 24 | 12.7% | -440.6% | ||
| Q3 24 | 8.1% | -332.4% | ||
| Q2 24 | 20.5% | 28.7% |
资本支出强度DOCNMBIN
| Q1 26 | — | — | ||
| Q4 25 | 10.8% | 11.3% | ||
| Q3 25 | 3.4% | 3.4% | ||
| Q2 25 | 15.2% | 2.5% | ||
| Q1 25 | 29.4% | 4.7% | ||
| Q4 24 | 22.1% | 9.5% | ||
| Q3 24 | 28.9% | 3.0% | ||
| Q2 24 | 16.6% | 3.3% |
现金转化率DOCNMBIN
| Q1 26 | — | — | ||
| Q4 25 | 2.23× | — | ||
| Q3 25 | 0.60× | 0.54× | ||
| Q2 25 | 2.50× | -3.19× | ||
| Q1 25 | 1.68× | 2.54× | ||
| Q4 24 | 3.91× | — | ||
| Q3 24 | 2.23× | -8.04× | ||
| Q2 24 | 3.73× | 0.67× |
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% |
MBIN
| Net Interest Income | $128.6M | 73% |
| Noninterest Income | $46.6M | 27% |
