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DigitalOcean Holdings, Inc.（DOCN）与MARCUS CORP（MCS）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MARCUS CORP的1.3倍（$242.4M vs $193.5M），DigitalOcean Holdings, Inc.同比增速更快（18.3% vs 2.8%），DigitalOcean Holdings, Inc.自由现金流更多（$31.1M vs $26.4M），过去两年MARCUS CORP的营收复合增速更高（18.2% 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。
马库斯公司是一家美国企业，主营商业地产领域相关服务，业务覆盖美国与加拿大，提供商业地产经纪、按揭经纪、行业研究以及咨询服务，首创了由单一经纪公司独家代理房源挂牌的行业模式，目前在美加两国设有超过80家办公室，拥有员工超1800名。
DOCN vs MCS — 直观对比
营收规模更大
DOCN
是对方的1.3倍
$193.5M
营收增速更快
DOCN
高出15.5%
2.8%
自由现金流更多
DOCN
多$4.7M
$26.4M
两年增速更快
MCS
近两年复合增速
14.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $193.5M |
| 净利润 | $25.7M | — |
| 毛利率 | 58.7% | — |
| 营业利润率 | 16.0% | 0.9% |
| 净利率 | 10.6% | — |
| 营收同比 | 18.3% | 2.8% |
| 净利润同比 | 40.5% | — |
| 每股收益（稀释后） | $0.23 | — |
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DOCNMCS
| Q4 25 | $242.4M | $193.5M | ||
| Q3 25 | $229.6M | $210.2M | ||
| Q2 25 | $218.7M | $206.0M | ||
| Q1 25 | $210.7M | $148.8M | ||
| Q4 24 | $204.9M | $188.3M | ||
| Q3 24 | $198.5M | $232.7M | ||
| Q2 24 | $192.5M | $176.0M | ||
| Q1 24 | $184.7M | $138.5M |
净利润DOCNMCS
| Q4 25 | $25.7M | — | ||
| Q3 25 | $158.4M | $16.2M | ||
| Q2 25 | $37.0M | $7.3M | ||
| Q1 25 | $38.2M | $-16.8M | ||
| Q4 24 | $18.3M | $986.0K | ||
| Q3 24 | $32.9M | $23.3M | ||
| Q2 24 | $19.1M | $-20.2M | ||
| Q1 24 | $14.1M | $-11.9M |
毛利率DOCNMCS
| 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% | — | ||
| Q1 24 | 60.7% | — |
营业利润率DOCNMCS
| Q4 25 | 16.0% | 0.9% | ||
| Q3 25 | 19.6% | 10.8% | ||
| Q2 25 | 16.3% | 6.3% | ||
| Q1 25 | 17.9% | -13.7% | ||
| Q4 24 | 15.9% | -1.2% | ||
| Q3 24 | 12.4% | 14.1% | ||
| Q2 24 | 11.6% | 1.3% | ||
| Q1 24 | 6.2% | -12.0% |
净利率DOCNMCS
| Q4 25 | 10.6% | — | ||
| Q3 25 | 69.0% | 7.7% | ||
| Q2 25 | 16.9% | 3.6% | ||
| Q1 25 | 18.1% | -11.3% | ||
| Q4 24 | 8.9% | 0.5% | ||
| Q3 24 | 16.6% | 10.0% | ||
| Q2 24 | 9.9% | -11.5% | ||
| Q1 24 | 7.7% | -8.6% |
每股收益（稀释后）DOCNMCS
| Q4 25 | $0.23 | — | ||
| Q3 25 | $1.51 | — | ||
| Q2 25 | $0.39 | — | ||
| Q1 25 | $0.39 | — | ||
| Q4 24 | $0.21 | — | ||
| Q3 24 | $0.33 | — | ||
| Q2 24 | $0.20 | — | ||
| Q1 24 | $0.15 | — |
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 | $23.4M |
| 总债务越低越好 | $1.3B | $159.0M |
| 股东权益账面价值 | $-28.7M | $457.4M |
| 总资产 | $1.8B | $1.0B |
| 负债/权益比越低杠杆越低 | — | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资DOCNMCS
| Q4 25 | $254.5M | $23.4M | ||
| Q3 25 | $236.6M | $7.4M | ||
| Q2 25 | $387.7M | $14.9M | ||
| Q1 25 | $360.4M | $11.9M | ||
| Q4 24 | $428.4M | $40.8M | ||
| Q3 24 | $439.9M | $28.4M | ||
| Q2 24 | $443.1M | $32.8M | ||
| Q1 24 | $419.1M | $17.3M |
总债务DOCNMCS
| Q4 25 | $1.3B | $159.0M | ||
| Q3 25 | $1.3B | $162.0M | ||
| Q2 25 | — | $179.9M | ||
| Q1 25 | — | $198.9M | ||
| Q4 24 | $1.5B | $159.1M | ||
| Q3 24 | — | $173.1M | ||
| Q2 24 | — | $175.7M | ||
| Q1 24 | — | $169.8M |
股东权益DOCNMCS
| Q4 25 | $-28.7M | $457.4M | ||
| Q3 25 | $-69.6M | $454.3M | ||
| Q2 25 | $-175.2M | $448.4M | ||
| Q1 25 | $-210.7M | $441.8M | ||
| Q4 24 | $-203.0M | $464.9M | ||
| Q3 24 | $-211.7M | $462.3M | ||
| Q2 24 | $-253.8M | $449.4M | ||
| Q1 24 | $-286.1M | $459.3M |
总资产DOCNMCS
| Q4 25 | $1.8B | $1.0B | ||
| Q3 25 | $1.7B | $1.0B | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.5B | $1.0B |
负债/权益比DOCNMCS
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.36× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.39× | ||
| Q1 24 | — | 0.37× |
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 | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $26.4M |
| 自由现金流率自由现金流/营收 | 12.8% | 13.6% |
| 资本支出强度资本支出/营收 | 10.8% | 11.6% |
| 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 | $989.0K |
8季度趋势，按日历期对齐
经营现金流DOCNMCS
| Q4 25 | $57.3M | $48.8M | ||
| Q3 25 | $95.8M | $39.1M | ||
| Q2 25 | $92.4M | $31.6M | ||
| Q1 25 | $64.1M | $-35.3M | ||
| Q4 24 | $71.3M | $52.6M | ||
| Q3 24 | $73.4M | $30.5M | ||
| Q2 24 | $71.3M | $36.0M | ||
| Q1 24 | $66.7M | $-15.1M |
自由现金流DOCNMCS
| Q4 25 | $31.1M | $26.4M | ||
| Q3 25 | $88.0M | $18.2M | ||
| Q2 25 | $59.3M | $14.7M | ||
| Q1 25 | $2.1M | $-58.3M | ||
| Q4 24 | $26.1M | $27.1M | ||
| Q3 24 | $16.0M | $12.0M | ||
| Q2 24 | $39.5M | $16.1M | ||
| Q1 24 | $23.0M | $-30.5M |
自由现金流率DOCNMCS
| Q4 25 | 12.8% | 13.6% | ||
| Q3 25 | 38.3% | 8.7% | ||
| Q2 25 | 27.1% | 7.1% | ||
| Q1 25 | 1.0% | -39.2% | ||
| Q4 24 | 12.7% | 14.4% | ||
| Q3 24 | 8.1% | 5.2% | ||
| Q2 24 | 20.5% | 9.2% | ||
| Q1 24 | 12.5% | -22.0% |
资本支出强度DOCNMCS
| Q4 25 | 10.8% | 11.6% | ||
| Q3 25 | 3.4% | 9.9% | ||
| Q2 25 | 15.2% | 8.2% | ||
| Q1 25 | 29.4% | 15.5% | ||
| Q4 24 | 22.1% | 13.5% | ||
| Q3 24 | 28.9% | 7.9% | ||
| Q2 24 | 16.6% | 11.3% | ||
| Q1 24 | 23.6% | 11.1% |
现金转化率DOCNMCS
| Q4 25 | 2.23× | — | ||
| Q3 25 | 0.60× | 2.41× | ||
| Q2 25 | 2.50× | 4.32× | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 3.91× | 53.31× | ||
| Q3 24 | 2.23× | 1.31× | ||
| 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% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
