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DigitalOcean Holdings, Inc.（DOCN）与通用动力（PLOW）财务数据对比。点击上方公司名可切换其他公司
DigitalOcean Holdings, Inc.的季度营收约是通用动力的1.3倍（$242.4M vs $184.5M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs 7.0%，领先3.6%），通用动力同比增速更快（28.6% vs 18.3%），通用动力自由现金流更多（$92.8M vs $31.1M），过去两年通用动力的营收复合增速更高（38.9% 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。
通用动力公司是总部位于美国弗吉尼亚州雷斯顿的工业与科技企业，核心业务是研发制造各类先进军用装备，产品包括核潜艇、主战坦克、装甲战车等，同时也生产民用湾流公务机，并提供信息技术服务，是美国联邦政府前五大国防承包商之一。
DOCN vs PLOW — 直观对比
营收规模更大
DOCN
是对方的1.3倍
$184.5M
营收增速更快
PLOW
高出10.3%
18.3%
净利率更高
DOCN
高出3.6%
7.0%
自由现金流更多
PLOW
多$61.7M
$31.1M
两年增速更快
PLOW
近两年复合增速
14.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $184.5M |
| 净利润 | $25.7M | $12.8M |
| 毛利率 | 58.7% | 26.1% |
| 营业利润率 | 16.0% | 10.5% |
| 净利率 | 10.6% | 7.0% |
| 营收同比 | 18.3% | 28.6% |
| 净利润同比 | 40.5% | 62.3% |
| 每股收益（稀释后） | $0.23 | $0.54 |
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DOCNPLOW
| Q4 25 | $242.4M | $184.5M | ||
| Q3 25 | $229.6M | $162.1M | ||
| Q2 25 | $218.7M | $194.3M | ||
| Q1 25 | $210.7M | $115.1M | ||
| Q4 24 | $204.9M | $143.5M | ||
| Q3 24 | $198.5M | $129.4M | ||
| Q2 24 | $192.5M | $199.9M | ||
| Q1 24 | $184.7M | $95.7M |
净利润DOCNPLOW
| Q4 25 | $25.7M | $12.8M | ||
| Q3 25 | $158.4M | $8.0M | ||
| Q2 25 | $37.0M | $26.0M | ||
| Q1 25 | $38.2M | $148.0K | ||
| Q4 24 | $18.3M | $7.9M | ||
| Q3 24 | $32.9M | $32.3M | ||
| Q2 24 | $19.1M | $24.3M | ||
| Q1 24 | $14.1M | $-8.4M |
毛利率DOCNPLOW
| Q4 25 | 58.7% | 26.1% | ||
| Q3 25 | 59.6% | 23.5% | ||
| Q2 25 | 59.9% | 31.0% | ||
| Q1 25 | 61.4% | 24.5% | ||
| Q4 24 | 57.1% | 24.9% | ||
| Q3 24 | 60.2% | 23.9% | ||
| Q2 24 | 61.0% | 30.7% | ||
| Q1 24 | 60.7% | 19.8% |
营业利润率DOCNPLOW
| Q4 25 | 16.0% | 10.5% | ||
| Q3 25 | 19.6% | 8.7% | ||
| Q2 25 | 16.3% | 19.0% | ||
| Q1 25 | 17.9% | 2.8% | ||
| Q4 24 | 15.9% | 9.0% | ||
| Q3 24 | 12.4% | 35.4% | ||
| Q2 24 | 11.6% | 18.2% | ||
| Q1 24 | 6.2% | -6.7% |
净利率DOCNPLOW
| Q4 25 | 10.6% | 7.0% | ||
| Q3 25 | 69.0% | 4.9% | ||
| Q2 25 | 16.9% | 13.4% | ||
| Q1 25 | 18.1% | 0.1% | ||
| Q4 24 | 8.9% | 5.5% | ||
| Q3 24 | 16.6% | 24.9% | ||
| Q2 24 | 9.9% | 12.2% | ||
| Q1 24 | 7.7% | -8.7% |
每股收益（稀释后）DOCNPLOW
| Q4 25 | $0.23 | $0.54 | ||
| Q3 25 | $1.51 | $0.33 | ||
| Q2 25 | $0.39 | $1.09 | ||
| Q1 25 | $0.39 | $0.00 | ||
| Q4 24 | $0.21 | $0.35 | ||
| Q3 24 | $0.33 | $1.36 | ||
| Q2 24 | $0.20 | $1.02 | ||
| Q1 24 | $0.15 | $-0.37 |
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 | $144.0M |
| 股东权益账面价值 | $-28.7M | $281.4M |
| 总资产 | $1.8B | $626.7M |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资DOCNPLOW
| 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 24 | $419.1M | — |
总债务DOCNPLOW
| Q4 25 | $1.3B | $144.0M | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | $147.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DOCNPLOW
| Q4 25 | $-28.7M | $281.4M | ||
| Q3 25 | $-69.6M | $275.3M | ||
| Q2 25 | $-175.2M | $273.3M | ||
| Q1 25 | $-210.7M | $258.9M | ||
| Q4 24 | $-203.0M | $264.2M | ||
| Q3 24 | $-211.7M | $260.8M | ||
| Q2 24 | $-253.8M | $236.7M | ||
| Q1 24 | $-286.1M | $217.2M |
总资产DOCNPLOW
| Q4 25 | $1.8B | $626.7M | ||
| Q3 25 | $1.7B | $694.9M | ||
| Q2 25 | $1.7B | $671.5M | ||
| Q1 25 | $1.6B | $621.0M | ||
| Q4 24 | $1.6B | $590.0M | ||
| Q3 24 | $1.5B | $665.6M | ||
| Q2 24 | $1.5B | $617.0M | ||
| Q1 24 | $1.5B | $577.1M |
负债/权益比DOCNPLOW
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.56× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $95.9M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $92.8M |
| 自由现金流率自由现金流/营收 | 12.8% | 50.3% |
| 资本支出强度资本支出/营收 | 10.8% | 1.7% |
| 现金转化率经营现金流/净利润 | 2.23× | 7.47× |
| 过去12个月自由现金流最近4个季度 | $180.5M | $63.6M |
8季度趋势，按日历期对齐
经营现金流DOCNPLOW
| Q4 25 | $57.3M | $95.9M | ||
| Q3 25 | $95.8M | $-8.5M | ||
| Q2 25 | $92.4M | $-11.4M | ||
| Q1 25 | $64.1M | $-1.3M | ||
| Q4 24 | $71.3M | $74.4M | ||
| Q3 24 | $73.4M | $-14.2M | ||
| Q2 24 | $71.3M | $2.5M | ||
| Q1 24 | $66.7M | $-21.6M |
自由现金流DOCNPLOW
| Q4 25 | $31.1M | $92.8M | ||
| Q3 25 | $88.0M | $-11.4M | ||
| Q2 25 | $59.3M | $-14.3M | ||
| Q1 25 | $2.1M | $-3.5M | ||
| Q4 24 | $26.1M | $70.2M | ||
| Q3 24 | $16.0M | $-15.2M | ||
| Q2 24 | $39.5M | $836.0K | ||
| Q1 24 | $23.0M | $-22.4M |
自由现金流率DOCNPLOW
| Q4 25 | 12.8% | 50.3% | ||
| Q3 25 | 38.3% | -7.1% | ||
| Q2 25 | 27.1% | -7.4% | ||
| Q1 25 | 1.0% | -3.0% | ||
| Q4 24 | 12.7% | 48.9% | ||
| Q3 24 | 8.1% | -11.8% | ||
| Q2 24 | 20.5% | 0.4% | ||
| Q1 24 | 12.5% | -23.4% |
资本支出强度DOCNPLOW
| Q4 25 | 10.8% | 1.7% | ||
| Q3 25 | 3.4% | 1.8% | ||
| Q2 25 | 15.2% | 1.5% | ||
| Q1 25 | 29.4% | 1.9% | ||
| Q4 24 | 22.1% | 2.9% | ||
| Q3 24 | 28.9% | 0.8% | ||
| Q2 24 | 16.6% | 0.8% | ||
| Q1 24 | 23.6% | 0.8% |
现金转化率DOCNPLOW
| Q4 25 | 2.23× | 7.47× | ||
| Q3 25 | 0.60× | -1.07× | ||
| Q2 25 | 2.50× | -0.44× | ||
| Q1 25 | 1.68× | -9.03× | ||
| Q4 24 | 3.91× | 9.41× | ||
| Q3 24 | 2.23× | -0.44× | ||
| Q2 24 | 3.73× | 0.10× | ||
| 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% |
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
