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DigitalOcean Holdings, Inc.（DOCN）与MARTIN MIDSTREAM PARTNERS L.P.（MMLP）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MARTIN MIDSTREAM PARTNERS L.P.的1.3倍（$242.4M vs $187.7M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs 1.7%，领先8.9%），DigitalOcean Holdings, Inc.同比增速更快（18.3% vs -2.5%），DigitalOcean Holdings, Inc.自由现金流更多（$31.1M vs $-6.0M），过去两年DigitalOcean Holdings, Inc.的营收复合增速更高（14.5% vs 0.8%）
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。
Martin Midstream Partners L.P.是美国中游能源服务提供商，主营原油、天然气液、精炼石油产品及特种化学品的存储、运输、分销与加工服务，主要服务北美能源及工业领域客户。
DOCN vs MMLP — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $187.7M |
| 净利润 | $25.7M | $3.2M |
| 毛利率 | 58.7% | — |
| 营业利润率 | 16.0% | 4.1% |
| 净利率 | 10.6% | 1.7% |
| 营收同比 | 18.3% | -2.5% |
| 净利润同比 | 40.5% | -37.1% |
| 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
| Q1 26 | — | $187.7M | ||
| Q4 25 | $242.4M | $174.2M | ||
| Q3 25 | $229.6M | $168.7M | ||
| Q2 25 | $218.7M | $180.7M | ||
| Q1 25 | $210.7M | $192.5M | ||
| Q4 24 | $204.9M | $171.3M | ||
| Q3 24 | $198.5M | $170.9M | ||
| Q2 24 | $192.5M | $184.5M |
| Q1 26 | — | $3.2M | ||
| Q4 25 | $25.7M | $-2.9M | ||
| Q3 25 | $158.4M | $-8.4M | ||
| Q2 25 | $37.0M | $-2.4M | ||
| Q1 25 | $38.2M | $-1.0M | ||
| Q4 24 | $18.3M | $-8.9M | ||
| Q3 24 | $32.9M | $-3.3M | ||
| Q2 24 | $19.1M | $3.8M |
| Q1 26 | — | — | ||
| Q4 25 | 58.7% | 57.1% | ||
| Q3 25 | 59.6% | 55.1% | ||
| Q2 25 | 59.9% | 56.5% | ||
| Q1 25 | 61.4% | 53.5% | ||
| Q4 24 | 57.1% | 58.2% | ||
| Q3 24 | 60.2% | 58.5% | ||
| Q2 24 | 61.0% | 58.4% |
| Q1 26 | — | 4.1% | ||
| Q4 25 | 16.0% | 7.3% | ||
| Q3 25 | 19.6% | 4.1% | ||
| Q2 25 | 16.3% | 8.2% | ||
| Q1 25 | 17.9% | 7.5% | ||
| Q4 24 | 15.9% | 4.0% | ||
| Q3 24 | 12.4% | 7.4% | ||
| Q2 24 | 11.6% | 10.8% |
| Q1 26 | — | 1.7% | ||
| Q4 25 | 10.6% | -1.7% | ||
| Q3 25 | 69.0% | -5.0% | ||
| Q2 25 | 16.9% | -1.3% | ||
| Q1 25 | 18.1% | -0.5% | ||
| Q4 24 | 8.9% | -5.2% | ||
| Q3 24 | 16.6% | -1.9% | ||
| Q2 24 | 9.9% | 2.0% |
| Q1 26 | — | — | ||
| 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 | — |
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 | — |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $-28.7M | — |
| 总资产 | $1.8B | $537.1M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| 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 | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $428.0M | ||
| Q3 25 | $1.3B | $441.3M | ||
| Q2 25 | — | $427.8M | ||
| Q1 25 | — | $451.4M | ||
| Q4 24 | $1.5B | $437.6M | ||
| Q3 24 | — | $469.3M | ||
| Q2 24 | — | $439.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-28.7M | — | ||
| Q3 25 | $-69.6M | — | ||
| Q2 25 | $-175.2M | — | ||
| Q1 25 | $-210.7M | — | ||
| Q4 24 | $-203.0M | — | ||
| Q3 24 | $-211.7M | — | ||
| Q2 24 | $-253.8M | — |
| Q1 26 | — | $537.1M | ||
| Q4 25 | $1.8B | $522.4M | ||
| Q3 25 | $1.7B | $510.1M | ||
| Q2 25 | $1.7B | $515.6M | ||
| Q1 25 | $1.6B | $533.4M | ||
| Q4 24 | $1.6B | $538.5M | ||
| Q3 24 | $1.5B | $554.8M | ||
| Q2 24 | $1.5B | $535.1M |
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 | $-6.0M |
| 自由现金流率自由现金流/营收 | 12.8% | -3.2% |
| 资本支出强度资本支出/营收 | 10.8% | 1.6% |
| 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 | $27.2M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $57.3M | $22.4M | ||
| Q3 25 | $95.8M | $-1.2M | ||
| Q2 25 | $92.4M | $30.9M | ||
| Q1 25 | $64.1M | $-6.0M | ||
| Q4 24 | $71.3M | $42.2M | ||
| Q3 24 | $73.4M | $-15.8M | ||
| Q2 24 | $71.3M | $11.8M |
| Q1 26 | — | $-6.0M | ||
| Q4 25 | $31.1M | $15.6M | ||
| Q3 25 | $88.0M | $-7.9M | ||
| Q2 25 | $59.3M | $25.6M | ||
| Q1 25 | $2.1M | $-11.9M | ||
| Q4 24 | $26.1M | $34.2M | ||
| Q3 24 | $16.0M | $-25.6M | ||
| Q2 24 | $39.5M | $-696.0K |
| Q1 26 | — | -3.2% | ||
| Q4 25 | 12.8% | 8.9% | ||
| Q3 25 | 38.3% | -4.7% | ||
| Q2 25 | 27.1% | 14.2% | ||
| Q1 25 | 1.0% | -6.2% | ||
| Q4 24 | 12.7% | 20.0% | ||
| Q3 24 | 8.1% | -15.0% | ||
| Q2 24 | 20.5% | -0.4% |
| Q1 26 | — | 1.6% | ||
| Q4 25 | 10.8% | 3.9% | ||
| Q3 25 | 3.4% | 4.0% | ||
| Q2 25 | 15.2% | 3.0% | ||
| Q1 25 | 29.4% | 3.1% | ||
| Q4 24 | 22.1% | 4.6% | ||
| Q3 24 | 28.9% | 5.8% | ||
| Q2 24 | 16.6% | 6.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.23× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 2.50× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 3.91× | — | ||
| Q3 24 | 2.23× | — | ||
| Q2 24 | 3.73× | 3.13× |
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% |
MMLP
| Specialty products | $61.6M | 33% |
| Transportation * | $52.8M | 28% |
| Other | $46.5M | 25% |
| Terminalling and storage * | $22.4M | 12% |
| Sulfur services | $4.4M | 2% |
