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DigitalOcean Holdings, Inc.（DOCN）与NATIONAL FUEL GAS CO（NFG）财务数据对比。点击上方公司名可切换其他公司
NATIONAL FUEL GAS CO的季度营收约是DigitalOcean Holdings, Inc.的1.8倍（$425.9M vs $242.4M），NATIONAL FUEL GAS CO净利率更高（35.7% vs 10.6%，领先25.1%），DigitalOcean Holdings, Inc.同比增速更快（18.3% vs 1.7%），过去两年DigitalOcean Holdings, Inc.的营收复合增速更高（14.5% vs 12.1%）
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。
该多元化能源企业成立于1902年，总部位于美国纽约州威廉斯维尔，总资产达62亿美元，下设勘探与生产、管道与存储、燃气集输、公用事业、能源营销五大运营板块，业务覆盖能源产业链上下游多个核心环节。
DOCN vs NFG — 直观对比
营收规模更大
NFG
是对方的1.8倍
$242.4M
营收增速更快
DOCN
高出16.6%
1.7%
净利率更高
NFG
高出25.1%
10.6%
两年增速更快
DOCN
近两年复合增速
12.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $425.9M |
| 净利润 | $25.7M | $152.0M |
| 毛利率 | 58.7% | — |
| 营业利润率 | 16.0% | 81.5% |
| 净利率 | 10.6% | 35.7% |
| 营收同比 | 18.3% | 1.7% |
| 净利润同比 | 40.5% | — |
| 每股收益（稀释后） | $0.23 | $1.59 |
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DOCNNFG
| Q1 26 | — | $425.9M | ||
| Q4 25 | $242.4M | $637.9M | ||
| Q3 25 | $229.6M | $443.1M | ||
| Q2 25 | $218.7M | $527.4M | ||
| Q1 25 | $210.7M | $734.8M | ||
| Q4 24 | $204.9M | $513.8M | ||
| Q3 24 | $198.5M | $310.0M | ||
| Q2 24 | $192.5M | $338.6M |
净利润DOCNNFG
| Q1 26 | — | $152.0M | ||
| Q4 25 | $25.7M | $181.6M | ||
| Q3 25 | $158.4M | $107.3M | ||
| Q2 25 | $37.0M | $149.8M | ||
| Q1 25 | $38.2M | $216.4M | ||
| Q4 24 | $18.3M | $45.0M | ||
| Q3 24 | $32.9M | $-167.6M | ||
| Q2 24 | $19.1M | $-54.2M |
毛利率DOCNNFG
| Q1 26 | — | — | ||
| Q4 25 | 58.7% | 86.6% | ||
| Q3 25 | 59.6% | — | ||
| Q2 25 | 59.9% | 94.7% | ||
| Q1 25 | 61.4% | 81.6% | ||
| Q4 24 | 57.1% | 87.3% | ||
| Q3 24 | 60.2% | — | ||
| Q2 24 | 61.0% | 98.5% |
营业利润率DOCNNFG
| Q1 26 | — | 81.5% | ||
| Q4 25 | 16.0% | 43.3% | ||
| Q3 25 | 19.6% | 40.6% | ||
| Q2 25 | 16.3% | 43.7% | ||
| Q1 25 | 17.9% | 43.2% | ||
| Q4 24 | 15.9% | 16.8% | ||
| Q3 24 | 12.4% | -63.4% | ||
| Q2 24 | 11.6% | -15.2% |
净利率DOCNNFG
| Q1 26 | — | 35.7% | ||
| Q4 25 | 10.6% | 28.5% | ||
| Q3 25 | 69.0% | 24.2% | ||
| Q2 25 | 16.9% | 28.4% | ||
| Q1 25 | 18.1% | 29.4% | ||
| Q4 24 | 8.9% | 8.8% | ||
| Q3 24 | 16.6% | -54.1% | ||
| Q2 24 | 9.9% | -16.0% |
每股收益（稀释后）DOCNNFG
| Q1 26 | — | $1.59 | ||
| Q4 25 | $0.23 | $1.98 | ||
| Q3 25 | $1.51 | $1.18 | ||
| Q2 25 | $0.39 | $1.64 | ||
| Q1 25 | $0.39 | $2.37 | ||
| Q4 24 | $0.21 | $0.49 | ||
| Q3 24 | $0.33 | $-1.81 | ||
| Q2 24 | $0.20 | $-0.59 |
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 | $300.0M |
| 股东权益账面价值 | $-28.7M | — |
| 总资产 | $1.8B | $9.1B |
| 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DOCNNFG
| Q1 26 | — | — | ||
| Q4 25 | $254.5M | $271.4M | ||
| Q3 25 | $236.6M | $43.2M | ||
| Q2 25 | $387.7M | $39.3M | ||
| Q1 25 | $360.4M | $40.0M | ||
| Q4 24 | $428.4M | $48.7M | ||
| Q3 24 | $439.9M | $38.2M | ||
| Q2 24 | $443.1M | $81.4M |
总债务DOCNNFG
| Q1 26 | — | $300.0M | ||
| Q4 25 | $1.3B | $2.7B | ||
| Q3 25 | $1.3B | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $1.5B | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.7B |
股东权益DOCNNFG
| Q1 26 | — | — | ||
| Q4 25 | $-28.7M | $3.6B | ||
| Q3 25 | $-69.6M | $3.1B | ||
| Q2 25 | $-175.2M | $3.0B | ||
| Q1 25 | $-210.7M | $2.8B | ||
| Q4 24 | $-203.0M | $-76.2M | ||
| Q3 24 | $-211.7M | $-15.5M | ||
| Q2 24 | $-253.8M | $5.0M |
总资产DOCNNFG
| Q1 26 | — | $9.1B | ||
| Q4 25 | $1.8B | $9.2B | ||
| Q3 25 | $1.7B | $8.7B | ||
| Q2 25 | $1.7B | $8.4B | ||
| Q1 25 | $1.6B | $8.5B | ||
| Q4 24 | $1.6B | $8.3B | ||
| Q3 24 | $1.5B | $8.3B | ||
| Q2 24 | $1.5B | $8.5B |
负债/权益比DOCNNFG
| Q1 26 | — | — | ||
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 532.10× |
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 | $657.3M |
| 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% | 117.0% |
| 现金转化率经营现金流/净利润 | 2.23× | 4.32× |
| 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DOCNNFG
| Q1 26 | — | $657.3M | ||
| Q4 25 | $57.3M | $274.9M | ||
| Q3 25 | $95.8M | $237.8M | ||
| Q2 25 | $92.4M | $388.4M | ||
| Q1 25 | $64.1M | $253.8M | ||
| Q4 24 | $71.3M | $220.1M | ||
| Q3 24 | $73.4M | $197.9M | ||
| Q2 24 | $71.3M | $281.8M |
自由现金流DOCNNFG
| Q1 26 | — | — | ||
| Q4 25 | $31.1M | $-2.7M | ||
| Q3 25 | $88.0M | $-47.8M | ||
| Q2 25 | $59.3M | $195.3M | ||
| Q1 25 | $2.1M | $59.9M | ||
| Q4 24 | $26.1M | $-20.3M | ||
| Q3 24 | $16.0M | $-49.1M | ||
| Q2 24 | $39.5M | $79.5M |
自由现金流率DOCNNFG
| Q1 26 | — | — | ||
| Q4 25 | 12.8% | -0.4% | ||
| Q3 25 | 38.3% | -10.8% | ||
| Q2 25 | 27.1% | 37.0% | ||
| Q1 25 | 1.0% | 8.2% | ||
| Q4 24 | 12.7% | -4.0% | ||
| Q3 24 | 8.1% | -15.8% | ||
| Q2 24 | 20.5% | 23.5% |
资本支出强度DOCNNFG
| Q1 26 | — | 117.0% | ||
| Q4 25 | 10.8% | 43.5% | ||
| Q3 25 | 3.4% | 64.4% | ||
| Q2 25 | 15.2% | 36.6% | ||
| Q1 25 | 29.4% | 26.4% | ||
| Q4 24 | 22.1% | 46.8% | ||
| Q3 24 | 28.9% | 79.7% | ||
| Q2 24 | 16.6% | 59.7% |
现金转化率DOCNNFG
| Q1 26 | — | 4.32× | ||
| Q4 25 | 2.23× | 1.51× | ||
| Q3 25 | 0.60× | 2.21× | ||
| Q2 25 | 2.50× | 2.59× | ||
| Q1 25 | 1.68× | 1.17× | ||
| Q4 24 | 3.91× | 4.89× | ||
| 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% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
