vs
DigitalOcean Holdings, Inc.（DOCN）与National Bank Holdings Corp（NBHC）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National Bank Holdings Corp的1.9倍（$242.4M vs $126.8M），National Bank Holdings Corp净利率更高（16.4% vs 10.6%，领先5.8%），过去两年DigitalOcean Holdings, Inc.的营收复合增速更高（14.5% vs 14.0%）
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。
这是一家美国区域性银行控股集团，目前在伊利诺伊、印第安纳等八个美国州布局营业网点，拥有近250个金融服务中心与约200家零售分行，总资产达485亿美元。它是总部位于印第安纳州的最大银行控股公司，也跻身美国银行业三十强之列。
DOCN vs NBHC — 直观对比
营收规模更大
DOCN
是对方的1.9倍
$126.8M
净利率更高
NBHC
高出5.8%
10.6%
两年增速更快
DOCN
近两年复合增速
14.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $126.8M |
| 净利润 | $25.7M | $20.8M |
| 毛利率 | 58.7% | — |
| 营业利润率 | 16.0% | — |
| 净利率 | 10.6% | 16.4% |
| 营收同比 | 18.3% | — |
| 净利润同比 | 40.5% | -14.2% |
| 每股收益（稀释后） | $0.23 | $0.46 |
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DOCNNBHC
| Q1 26 | — | $126.8M | ||
| Q4 25 | $242.4M | $100.6M | ||
| Q3 25 | $229.6M | $108.9M | ||
| Q2 25 | $218.7M | $104.5M | ||
| Q1 25 | $210.7M | $102.1M | ||
| Q4 24 | $204.9M | $101.3M | ||
| Q3 24 | $198.5M | $106.0M | ||
| Q2 24 | $192.5M | $97.6M |
净利润DOCNNBHC
| Q1 26 | — | $20.8M | ||
| Q4 25 | $25.7M | $16.0M | ||
| Q3 25 | $158.4M | $35.3M | ||
| Q2 25 | $37.0M | $34.0M | ||
| Q1 25 | $38.2M | $24.2M | ||
| Q4 24 | $18.3M | $28.2M | ||
| Q3 24 | $32.9M | $33.1M | ||
| Q2 24 | $19.1M | $26.1M |
毛利率DOCNNBHC
| 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DOCNNBHC
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | 19.0% | ||
| Q3 25 | 19.6% | 39.6% | ||
| Q2 25 | 16.3% | 39.8% | ||
| Q1 25 | 17.9% | 29.2% | ||
| Q4 24 | 15.9% | 34.3% | ||
| Q3 24 | 12.4% | 37.6% | ||
| Q2 24 | 11.6% | 32.5% |
净利率DOCNNBHC
| Q1 26 | — | 16.4% | ||
| Q4 25 | 10.6% | 15.9% | ||
| Q3 25 | 69.0% | 32.4% | ||
| Q2 25 | 16.9% | 32.6% | ||
| Q1 25 | 18.1% | 23.7% | ||
| Q4 24 | 8.9% | 27.8% | ||
| Q3 24 | 16.6% | 31.2% | ||
| Q2 24 | 9.9% | 26.8% |
每股收益（稀释后）DOCNNBHC
| Q1 26 | — | $0.46 | ||
| Q4 25 | $0.23 | $0.42 | ||
| Q3 25 | $1.51 | $0.92 | ||
| Q2 25 | $0.39 | $0.88 | ||
| Q1 25 | $0.39 | $0.63 | ||
| Q4 24 | $0.21 | $0.72 | ||
| Q3 24 | $0.33 | $0.86 | ||
| Q2 24 | $0.20 | $0.68 |
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 | $472.8M |
| 总债务越低越好 | $1.3B | $202.1M |
| 股东权益账面价值 | $-28.7M | $1.7B |
| 总资产 | $1.8B | $12.6B |
| 负债/权益比越低杠杆越低 | — | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资DOCNNBHC
| Q1 26 | — | $472.8M | ||
| Q4 25 | $254.5M | $417.1M | ||
| Q3 25 | $236.6M | $555.6M | ||
| Q2 25 | $387.7M | $296.5M | ||
| Q1 25 | $360.4M | $246.3M | ||
| Q4 24 | $428.4M | $127.8M | ||
| Q3 24 | $439.9M | $180.8M | ||
| Q2 24 | $443.1M | $145.0M |
总债务DOCNNBHC
| Q1 26 | — | $202.1M | ||
| Q4 25 | $1.3B | $54.5M | ||
| Q3 25 | $1.3B | $54.7M | ||
| Q2 25 | — | $54.4M | ||
| Q1 25 | — | $54.6M | ||
| Q4 24 | $1.5B | $54.5M | ||
| Q3 24 | — | $54.4M | ||
| Q2 24 | — | $54.4M |
股东权益DOCNNBHC
| Q1 26 | — | $1.7B | ||
| Q4 25 | $-28.7M | $1.4B | ||
| Q3 25 | $-69.6M | $1.4B | ||
| Q2 25 | $-175.2M | $1.4B | ||
| Q1 25 | $-210.7M | $1.3B | ||
| Q4 24 | $-203.0M | $1.3B | ||
| Q3 24 | $-211.7M | $1.3B | ||
| Q2 24 | $-253.8M | $1.2B |
总资产DOCNNBHC
| Q1 26 | — | $12.6B | ||
| Q4 25 | $1.8B | $9.9B | ||
| Q3 25 | $1.7B | $10.2B | ||
| Q2 25 | $1.7B | $10.0B | ||
| Q1 25 | $1.6B | $10.1B | ||
| Q4 24 | $1.6B | $9.8B | ||
| Q3 24 | $1.5B | $10.0B | ||
| Q2 24 | $1.5B | $10.0B |
负债/权益比DOCNNBHC
| Q1 26 | — | 0.12× | ||
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.04× |
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DOCNNBHC
| Q1 26 | — | — | ||
| Q4 25 | $57.3M | $162.4M | ||
| Q3 25 | $95.8M | $52.4M | ||
| Q2 25 | $92.4M | $32.3M | ||
| Q1 25 | $64.1M | $39.6M | ||
| Q4 24 | $71.3M | $155.3M | ||
| Q3 24 | $73.4M | $47.0M | ||
| Q2 24 | $71.3M | $31.9M |
自由现金流DOCNNBHC
| 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DOCNNBHC
| 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DOCNNBHC
| 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DOCNNBHC
| Q1 26 | — | — | ||
| Q4 25 | 2.23× | 10.13× | ||
| Q3 25 | 0.60× | 1.48× | ||
| Q2 25 | 2.50× | 0.95× | ||
| Q1 25 | 1.68× | 1.64× | ||
| Q4 24 | 3.91× | 5.51× | ||
| Q3 24 | 2.23× | 1.42× | ||
| Q2 24 | 3.73× | 1.22× |
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% |
NBHC
| Net Interest Income | $108.8M | 86% |
| Noninterest Income | $18.0M | 14% |
