vs
DigitalOcean Holdings, Inc.（DOCN）与QUALYS, INC.（QLYS）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QUALYS, INC.的1.4倍（$242.4M vs $175.3M），QUALYS, INC.净利率更高（30.3% vs 10.6%，领先19.7%），DigitalOcean Holdings, Inc.同比增速更快（18.3% vs 10.1%），QUALYS, INC.自由现金流更多（$74.9M vs $31.1M），过去两年DigitalOcean Holdings, Inc.的营收复合增速更高（14.5% vs 9.6%）
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。
Qualys是总部位于美国加利福尼亚州福斯特城的科技企业，专注于云安全、合规管理及相关服务，为客户提供覆盖云环境的安全防护与合规解决方案，助力企业应对各类网络安全风险，满足不同行业的合规运营需求。
DOCN vs QLYS — 直观对比
营收规模更大
DOCN
是对方的1.4倍
$175.3M
营收增速更快
DOCN
高出8.2%
10.1%
净利率更高
QLYS
高出19.7%
10.6%
自由现金流更多
QLYS
多$43.8M
$31.1M
两年增速更快
DOCN
近两年复合增速
9.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $175.3M |
| 净利润 | $25.7M | $53.1M |
| 毛利率 | 58.7% | 83.4% |
| 营业利润率 | 16.0% | 33.6% |
| 净利率 | 10.6% | 30.3% |
| 营收同比 | 18.3% | 10.1% |
| 净利润同比 | 40.5% | 20.9% |
| 每股收益（稀释后） | $0.23 | $1.47 |
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DOCNQLYS
| Q4 25 | $242.4M | $175.3M | ||
| Q3 25 | $229.6M | $169.9M | ||
| Q2 25 | $218.7M | $164.1M | ||
| Q1 25 | $210.7M | $159.9M | ||
| Q4 24 | $204.9M | $159.2M | ||
| Q3 24 | $198.5M | $153.9M | ||
| Q2 24 | $192.5M | $148.7M | ||
| Q1 24 | $184.7M | $145.8M |
净利润DOCNQLYS
| Q4 25 | $25.7M | $53.1M | ||
| Q3 25 | $158.4M | $50.3M | ||
| Q2 25 | $37.0M | $47.3M | ||
| Q1 25 | $38.2M | $47.5M | ||
| Q4 24 | $18.3M | $44.0M | ||
| Q3 24 | $32.9M | $46.2M | ||
| Q2 24 | $19.1M | $43.8M | ||
| Q1 24 | $14.1M | $39.7M |
毛利率DOCNQLYS
| Q4 25 | 58.7% | 83.4% | ||
| Q3 25 | 59.6% | 83.6% | ||
| Q2 25 | 59.9% | 82.4% | ||
| Q1 25 | 61.4% | 81.9% | ||
| Q4 24 | 57.1% | 81.8% | ||
| Q3 24 | 60.2% | 81.3% | ||
| Q2 24 | 61.0% | 82.2% | ||
| Q1 24 | 60.7% | 81.3% |
营业利润率DOCNQLYS
| Q4 25 | 16.0% | 33.6% | ||
| Q3 25 | 19.6% | 35.3% | ||
| Q2 25 | 16.3% | 31.3% | ||
| Q1 25 | 17.9% | 32.4% | ||
| Q4 24 | 15.9% | 31.0% | ||
| Q3 24 | 12.4% | 29.2% | ||
| Q2 24 | 11.6% | 32.3% | ||
| Q1 24 | 6.2% | 30.7% |
净利率DOCNQLYS
| Q4 25 | 10.6% | 30.3% | ||
| Q3 25 | 69.0% | 29.6% | ||
| Q2 25 | 16.9% | 28.8% | ||
| Q1 25 | 18.1% | 29.7% | ||
| Q4 24 | 8.9% | 27.6% | ||
| Q3 24 | 16.6% | 30.0% | ||
| Q2 24 | 9.9% | 29.4% | ||
| Q1 24 | 7.7% | 27.2% |
每股收益（稀释后）DOCNQLYS
| Q4 25 | $0.23 | $1.47 | ||
| Q3 25 | $1.51 | $1.39 | ||
| Q2 25 | $0.39 | $1.29 | ||
| Q1 25 | $0.39 | $1.29 | ||
| Q4 24 | $0.21 | $1.19 | ||
| Q3 24 | $0.33 | $1.24 | ||
| Q2 24 | $0.20 | $1.17 | ||
| Q1 24 | $0.15 | $1.05 |
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 | $250.3M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $-28.7M | $561.2M |
| 总资产 | $1.8B | $1.1B |
| 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DOCNQLYS
| Q4 25 | $254.5M | $250.3M | ||
| Q3 25 | $236.6M | $225.3M | ||
| Q2 25 | $387.7M | $194.0M | ||
| Q1 25 | $360.4M | $290.7M | ||
| Q4 24 | $428.4M | $232.2M | ||
| Q3 24 | $439.9M | $235.4M | ||
| Q2 24 | $443.1M | $281.2M | ||
| Q1 24 | $419.1M | $273.8M |
总债务DOCNQLYS
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DOCNQLYS
| Q4 25 | $-28.7M | $561.2M | ||
| Q3 25 | $-69.6M | $529.4M | ||
| Q2 25 | $-175.2M | $508.2M | ||
| Q1 25 | $-210.7M | $498.0M | ||
| Q4 24 | $-203.0M | $477.1M | ||
| Q3 24 | $-211.7M | $449.6M | ||
| Q2 24 | $-253.8M | $427.8M | ||
| Q1 24 | $-286.1M | $404.2M |
总资产DOCNQLYS
| Q4 25 | $1.8B | $1.1B | ||
| Q3 25 | $1.7B | $1.0B | ||
| Q2 25 | $1.7B | $999.5M | ||
| Q1 25 | $1.6B | $996.5M | ||
| Q4 24 | $1.6B | $973.5M | ||
| Q3 24 | $1.5B | $908.3M | ||
| Q2 24 | $1.5B | $876.6M | ||
| Q1 24 | $1.5B | $861.8M |
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 | $75.7M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $74.9M |
| 自由现金流率自由现金流/营收 | 12.8% | 42.8% |
| 资本支出强度资本支出/营收 | 10.8% | 0.4% |
| 现金转化率经营现金流/净利润 | 2.23× | 1.42× |
| 过去12个月自由现金流最近4个季度 | $180.5M | $304.4M |
8季度趋势，按日历期对齐
经营现金流DOCNQLYS
| Q4 25 | $57.3M | $75.7M | ||
| Q3 25 | $95.8M | $90.4M | ||
| Q2 25 | $92.4M | $33.8M | ||
| Q1 25 | $64.1M | $109.6M | ||
| Q4 24 | $71.3M | $47.7M | ||
| Q3 24 | $73.4M | $61.0M | ||
| Q2 24 | $71.3M | $49.8M | ||
| Q1 24 | $66.7M | $85.5M |
自由现金流DOCNQLYS
| Q4 25 | $31.1M | $74.9M | ||
| Q3 25 | $88.0M | $89.5M | ||
| Q2 25 | $59.3M | $32.4M | ||
| Q1 25 | $2.1M | $107.5M | ||
| Q4 24 | $26.1M | $41.9M | ||
| Q3 24 | $16.0M | $57.6M | ||
| Q2 24 | $39.5M | $48.8M | ||
| Q1 24 | $23.0M | $83.5M |
自由现金流率DOCNQLYS
| Q4 25 | 12.8% | 42.8% | ||
| Q3 25 | 38.3% | 52.7% | ||
| Q2 25 | 27.1% | 19.8% | ||
| Q1 25 | 1.0% | 67.3% | ||
| Q4 24 | 12.7% | 26.3% | ||
| Q3 24 | 8.1% | 37.4% | ||
| Q2 24 | 20.5% | 32.8% | ||
| Q1 24 | 12.5% | 57.2% |
资本支出强度DOCNQLYS
| Q4 25 | 10.8% | 0.4% | ||
| Q3 25 | 3.4% | 0.5% | ||
| Q2 25 | 15.2% | 0.8% | ||
| Q1 25 | 29.4% | 1.3% | ||
| Q4 24 | 22.1% | 3.7% | ||
| Q3 24 | 28.9% | 2.2% | ||
| Q2 24 | 16.6% | 0.7% | ||
| Q1 24 | 23.6% | 1.4% |
现金转化率DOCNQLYS
| Q4 25 | 2.23× | 1.42× | ||
| Q3 25 | 0.60× | 1.80× | ||
| Q2 25 | 2.50× | 0.71× | ||
| Q1 25 | 1.68× | 2.31× | ||
| Q4 24 | 3.91× | 1.09× | ||
| Q3 24 | 2.23× | 1.32× | ||
| Q2 24 | 3.73× | 1.14× | ||
| Q1 24 | 4.72× | 2.15× |
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% |
QLYS
| Sales Channel Through Intermediary | $88.6M | 51% |
| Sales Channel Directly To Consumer | $86.7M | 49% |
