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DigitalOcean Holdings, Inc.（DOCN）与MALIBU BOATS, INC.（MBUU）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MALIBU BOATS, INC.的1.3倍（$242.4M vs $188.6M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs -1.3%，领先11.9%），DigitalOcean Holdings, Inc.同比增速更快（18.3% vs -5.8%），DigitalOcean Holdings, Inc.自由现金流更多（$31.1M vs $8.2M），过去两年DigitalOcean Holdings, Inc.的营收复合增速更高（14.5% vs -3.7%）
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。
马里布游艇是美国休闲游艇制造商，1982年创立于加利福尼亚州默塞德，现总部位于田纳西州洛登，在澳大利亚新南威尔士州也设有生产基地。它是全球最大的水上运动拖船制造商，产品可供休闲使用，也应用于滑水、尾波滑板等各类赛事活动。
DOCN vs MBUU — 直观对比
营收规模更大
DOCN
是对方的1.3倍
$188.6M
营收增速更快
DOCN
高出24.1%
-5.8%
净利率更高
DOCN
高出11.9%
-1.3%
自由现金流更多
DOCN
多$22.9M
$8.2M
两年增速更快
DOCN
近两年复合增速
-3.7%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $188.6M |
| 净利润 | $25.7M | $-2.5M |
| 毛利率 | 58.7% | 13.3% |
| 营业利润率 | 16.0% | -1.9% |
| 净利率 | 10.6% | -1.3% |
| 营收同比 | 18.3% | -5.8% |
| 净利润同比 | 40.5% | -204.2% |
| 每股收益（稀释后） | $0.23 | $-0.13 |
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DOCNMBUU
| Q4 25 | $242.4M | $188.6M | ||
| Q3 25 | $229.6M | $194.7M | ||
| Q2 25 | $218.7M | $207.0M | ||
| Q1 25 | $210.7M | $228.7M | ||
| Q4 24 | $204.9M | $200.3M | ||
| Q3 24 | $198.5M | $171.6M | ||
| Q2 24 | $192.5M | $158.7M | ||
| Q1 24 | $184.7M | $203.4M |
净利润DOCNMBUU
| Q4 25 | $25.7M | $-2.5M | ||
| Q3 25 | $158.4M | $-702.0K | ||
| Q2 25 | $37.0M | $4.7M | ||
| Q1 25 | $38.2M | $12.9M | ||
| Q4 24 | $18.3M | $2.4M | ||
| Q3 24 | $32.9M | $-5.0M | ||
| Q2 24 | $19.1M | $-19.2M | ||
| Q1 24 | $14.1M | $-66.8M |
毛利率DOCNMBUU
| Q4 25 | 58.7% | 13.3% | ||
| Q3 25 | 59.6% | 14.3% | ||
| Q2 25 | 59.9% | 15.8% | ||
| Q1 25 | 61.4% | 20.0% | ||
| Q4 24 | 57.1% | 18.7% | ||
| Q3 24 | 60.2% | 16.4% | ||
| Q2 24 | 61.0% | 7.9% | ||
| Q1 24 | 60.7% | 19.8% |
营业利润率DOCNMBUU
| Q4 25 | 16.0% | -1.9% | ||
| Q3 25 | 19.6% | -0.4% | ||
| Q2 25 | 16.3% | 3.3% | ||
| Q1 25 | 17.9% | 7.6% | ||
| Q4 24 | 15.9% | 1.6% | ||
| Q3 24 | 12.4% | -3.3% | ||
| Q2 24 | 11.6% | -15.4% | ||
| Q1 24 | 6.2% | -36.8% |
净利率DOCNMBUU
| Q4 25 | 10.6% | -1.3% | ||
| Q3 25 | 69.0% | -0.4% | ||
| Q2 25 | 16.9% | 2.3% | ||
| Q1 25 | 18.1% | 5.6% | ||
| Q4 24 | 8.9% | 1.2% | ||
| Q3 24 | 16.6% | -2.9% | ||
| Q2 24 | 9.9% | -12.1% | ||
| Q1 24 | 7.7% | -32.9% |
每股收益（稀释后）DOCNMBUU
| Q4 25 | $0.23 | $-0.13 | ||
| Q3 25 | $1.51 | $-0.04 | ||
| Q2 25 | $0.39 | $0.23 | ||
| Q1 25 | $0.39 | $0.66 | ||
| Q4 24 | $0.21 | $0.12 | ||
| Q3 24 | $0.33 | $-0.25 | ||
| Q2 24 | $0.20 | $-0.93 | ||
| Q1 24 | $0.15 | $-3.28 |
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 | $28.2M |
| 总债务越低越好 | $1.3B | $20.0M |
| 股东权益账面价值 | $-28.7M | $495.0M |
| 总资产 | $1.8B | $715.7M |
| 负债/权益比越低杠杆越低 | — | 0.04× |
8季度趋势，按日历期对齐
现金及短期投资DOCNMBUU
| Q4 25 | $254.5M | $28.2M | ||
| Q3 25 | $236.6M | $44.1M | ||
| Q2 25 | $387.7M | $37.0M | ||
| Q1 25 | $360.4M | $38.7M | ||
| Q4 24 | $428.4M | $35.1M | ||
| Q3 24 | $439.9M | $27.7M | ||
| Q2 24 | $443.1M | $26.9M | ||
| Q1 24 | $419.1M | $47.1M |
总债务DOCNMBUU
| Q4 25 | $1.3B | $20.0M | ||
| Q3 25 | $1.3B | $23.0M | ||
| Q2 25 | — | $18.0M | ||
| Q1 25 | — | $28.0M | ||
| Q4 24 | $1.5B | $23.0M | ||
| Q3 24 | — | $28.0M | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $15.0M |
股东权益DOCNMBUU
| Q4 25 | $-28.7M | $495.0M | ||
| Q3 25 | $-69.6M | $516.4M | ||
| Q2 25 | $-175.2M | $515.5M | ||
| Q1 25 | $-210.7M | $513.0M | ||
| Q4 24 | $-203.0M | $509.8M | ||
| Q3 24 | $-211.7M | $517.7M | ||
| Q2 24 | $-253.8M | $530.0M | ||
| Q1 24 | $-286.1M | $557.2M |
总资产DOCNMBUU
| Q4 25 | $1.8B | $715.7M | ||
| Q3 25 | $1.7B | $755.6M | ||
| Q2 25 | $1.7B | $734.6M | ||
| Q1 25 | $1.6B | $758.8M | ||
| Q4 24 | $1.6B | $738.7M | ||
| Q3 24 | $1.5B | $759.1M | ||
| Q2 24 | $1.5B | $739.6M | ||
| Q1 24 | $1.5B | $797.6M |
负债/权益比DOCNMBUU
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | 0.05× | ||
| Q3 24 | — | 0.05× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.03× |
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 | $12.6M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $8.2M |
| 自由现金流率自由现金流/营收 | 12.8% | 4.4% |
| 资本支出强度资本支出/营收 | 10.8% | 2.3% |
| 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 | $33.3M |
8季度趋势，按日历期对齐
经营现金流DOCNMBUU
| Q4 25 | $57.3M | $12.6M | ||
| Q3 25 | $95.8M | $6.5M | ||
| Q2 25 | $92.4M | $21.0M | ||
| Q1 25 | $64.1M | $15.5M | ||
| Q4 24 | $71.3M | $28.4M | ||
| Q3 24 | $73.4M | $-8.4M | ||
| Q2 24 | $71.3M | $16.3M | ||
| Q1 24 | $66.7M | $23.5M |
自由现金流DOCNMBUU
| Q4 25 | $31.1M | $8.2M | ||
| Q3 25 | $88.0M | $2.2M | ||
| Q2 25 | $59.3M | $14.1M | ||
| Q1 25 | $2.1M | $8.8M | ||
| Q4 24 | $26.1M | $22.8M | ||
| Q3 24 | $16.0M | $-17.0M | ||
| Q2 24 | $39.5M | $4.5M | ||
| Q1 24 | $23.0M | $11.5M |
自由现金流率DOCNMBUU
| Q4 25 | 12.8% | 4.4% | ||
| Q3 25 | 38.3% | 1.1% | ||
| Q2 25 | 27.1% | 6.8% | ||
| Q1 25 | 1.0% | 3.8% | ||
| Q4 24 | 12.7% | 11.4% | ||
| Q3 24 | 8.1% | -9.9% | ||
| Q2 24 | 20.5% | 2.8% | ||
| Q1 24 | 12.5% | 5.7% |
资本支出强度DOCNMBUU
| Q4 25 | 10.8% | 2.3% | ||
| Q3 25 | 3.4% | 2.2% | ||
| Q2 25 | 15.2% | 3.4% | ||
| Q1 25 | 29.4% | 2.9% | ||
| Q4 24 | 22.1% | 2.8% | ||
| Q3 24 | 28.9% | 5.0% | ||
| Q2 24 | 16.6% | 7.5% | ||
| Q1 24 | 23.6% | 5.9% |
现金转化率DOCNMBUU
| Q4 25 | 2.23× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 2.50× | 4.50× | ||
| Q1 25 | 1.68× | 1.20× | ||
| Q4 24 | 3.91× | 12.02× | ||
| 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% |
MBUU
| Boatand Trailer Sales | $68.1M | 36% |
| Saltwater Fishing | $65.3M | 35% |
| Cobalt | $52.6M | 28% |
| Part And Other Sales | $2.6M | 1% |
