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DigitalOcean Holdings, Inc.（DOCN）与Millrose Properties, Inc.（MRP）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Millrose Properties, Inc.的1.2倍（$242.4M vs $194.9M），Millrose Properties, Inc.净利率更高（63.0% vs 10.6%，领先52.5%），Millrose Properties, Inc.同比增速更快（135.7% vs 18.3%）
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。
Millrose Properties, Inc.是一家总部位于美国的房地产企业，主要从事创收型多户住宅资产的收购、持有、运营与管理业务，核心市场覆盖美国中大西洋及东南部区域，同时也为选定的第三方物业所有者提供专业物业管理服务。
DOCN vs MRP — 直观对比
营收规模更大
DOCN
是对方的1.2倍
$194.9M
营收增速更快
MRP
高出117.4%
18.3%
净利率更高
MRP
高出52.5%
10.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $194.9M |
| 净利润 | $25.7M | $122.9M |
| 毛利率 | 58.7% | — |
| 营业利润率 | 16.0% | 85.2% |
| 净利率 | 10.6% | 63.0% |
| 营收同比 | 18.3% | 135.7% |
| 净利润同比 | 40.5% | 208.7% |
| 每股收益（稀释后） | $0.23 | $0.74 |
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DOCNMRP
| Q1 26 | — | $194.9M | ||
| Q4 25 | $242.4M | $189.5M | ||
| Q3 25 | $229.6M | $179.3M | ||
| Q2 25 | $218.7M | $149.0M | ||
| Q1 25 | $210.7M | $82.7M | ||
| Q4 24 | $204.9M | — | ||
| Q3 24 | $198.5M | — | ||
| Q2 24 | $192.5M | — |
净利润DOCNMRP
| Q1 26 | — | $122.9M | ||
| Q4 25 | $25.7M | $122.2M | ||
| Q3 25 | $158.4M | $105.1M | ||
| Q2 25 | $37.0M | $112.8M | ||
| Q1 25 | $38.2M | $39.8M | ||
| Q4 24 | $18.3M | — | ||
| Q3 24 | $32.9M | — | ||
| Q2 24 | $19.1M | — |
毛利率DOCNMRP
| 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DOCNMRP
| Q1 26 | — | 85.2% | ||
| Q4 25 | 16.0% | 84.8% | ||
| Q3 25 | 19.6% | 85.3% | ||
| Q2 25 | 16.3% | 85.1% | ||
| Q1 25 | 17.9% | 55.2% | ||
| Q4 24 | 15.9% | — | ||
| Q3 24 | 12.4% | — | ||
| Q2 24 | 11.6% | — |
净利率DOCNMRP
| Q1 26 | — | 63.0% | ||
| Q4 25 | 10.6% | 64.5% | ||
| Q3 25 | 69.0% | 58.6% | ||
| Q2 25 | 16.9% | 75.7% | ||
| Q1 25 | 18.1% | 48.1% | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 16.6% | — | ||
| Q2 24 | 9.9% | — |
每股收益（稀释后）DOCNMRP
| Q1 26 | — | $0.74 | ||
| Q4 25 | $0.23 | $0.74 | ||
| Q3 25 | $1.51 | $0.63 | ||
| Q2 25 | $0.39 | $0.68 | ||
| Q1 25 | $0.39 | $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 | $5.9B |
| 总资产 | $1.8B | $9.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DOCNMRP
| Q1 26 | — | — | ||
| Q4 25 | $254.5M | $35.0M | ||
| Q3 25 | $236.6M | $242.6M | ||
| Q2 25 | $387.7M | $66.6M | ||
| Q1 25 | $360.4M | $89.5M | ||
| Q4 24 | $428.4M | — | ||
| Q3 24 | $439.9M | — | ||
| Q2 24 | $443.1M | — |
总债务DOCNMRP
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DOCNMRP
| Q1 26 | — | $5.9B | ||
| Q4 25 | $-28.7M | $5.9B | ||
| Q3 25 | $-69.6M | $5.9B | ||
| Q2 25 | $-175.2M | $5.9B | ||
| Q1 25 | $-210.7M | $5.9B | ||
| Q4 24 | $-203.0M | — | ||
| Q3 24 | $-211.7M | — | ||
| Q2 24 | $-253.8M | — |
总资产DOCNMRP
| Q1 26 | — | $9.6B | ||
| Q4 25 | $1.8B | $9.3B | ||
| Q3 25 | $1.7B | $9.0B | ||
| Q2 25 | $1.7B | $8.0B | ||
| Q1 25 | $1.6B | $7.2B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — |
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DOCNMRP
| Q1 26 | — | — | ||
| Q4 25 | $57.3M | $3.7B | ||
| Q3 25 | $95.8M | $123.1M | ||
| Q2 25 | $92.4M | $109.1M | ||
| Q1 25 | $64.1M | $21.3M | ||
| Q4 24 | $71.3M | — | ||
| Q3 24 | $73.4M | — | ||
| Q2 24 | $71.3M | — |
自由现金流DOCNMRP
| Q1 26 | — | — | ||
| Q4 25 | $31.1M | — | ||
| Q3 25 | $88.0M | — | ||
| Q2 25 | $59.3M | — | ||
| Q1 25 | $2.1M | — | ||
| Q4 24 | $26.1M | — | ||
| Q3 24 | $16.0M | — | ||
| Q2 24 | $39.5M | — |
自由现金流率DOCNMRP
| Q1 26 | — | — | ||
| Q4 25 | 12.8% | — | ||
| Q3 25 | 38.3% | — | ||
| Q2 25 | 27.1% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | 20.5% | — |
资本支出强度DOCNMRP
| Q1 26 | — | — | ||
| Q4 25 | 10.8% | — | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | 15.2% | — | ||
| Q1 25 | 29.4% | — | ||
| Q4 24 | 22.1% | — | ||
| Q3 24 | 28.9% | — | ||
| Q2 24 | 16.6% | — |
现金转化率DOCNMRP
| Q1 26 | — | — | ||
| Q4 25 | 2.23× | 30.05× | ||
| Q3 25 | 0.60× | 1.17× | ||
| Q2 25 | 2.50× | 0.97× | ||
| Q1 25 | 1.68× | 0.53× | ||
| Q4 24 | 3.91× | — | ||
| Q3 24 | 2.23× | — | ||
| Q2 24 | 3.73× | — |
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% |
MRP
| Option fee revenues | $185.3M | 95% |
| Development loan income | $9.6M | 5% |
