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DigitalOcean Holdings, Inc.（DOCN）与ROYAL GOLD INC（RGLD）财务数据对比。点击上方公司名可切换其他公司
ROYAL GOLD INC的季度营收约是DigitalOcean Holdings, Inc.的1.5倍（$375.3M vs $242.4M），ROYAL GOLD INC净利率更高（24.9% vs 10.6%，领先14.4%），ROYAL GOLD INC同比增速更快（85.3% vs 18.3%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% 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。
Royal Gold Inc.是全球领先的贵金属流权与特许权经营企业，收购并管理多元化的矿业项目流权、净熔炼收益特许权及相关权益，资产覆盖黄金、白银、铜等品类，业务遍及多地区，无需直接承担采矿运营风险。
DOCN vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.5倍
$242.4M
营收增速更快
RGLD
高出67.0%
18.3%
净利率更高
RGLD
高出14.4%
10.6%
两年增速更快
RGLD
近两年复合增速
14.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $375.3M |
| 净利润 | $25.7M | $93.6M |
| 毛利率 | 58.7% | 64.6% |
| 营业利润率 | 16.0% | 56.2% |
| 净利率 | 10.6% | 24.9% |
| 营收同比 | 18.3% | 85.3% |
| 净利润同比 | 40.5% | -12.8% |
| 每股收益（稀释后） | $0.23 | $1.04 |
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DOCNRGLD
| Q4 25 | $242.4M | $375.3M | ||
| Q3 25 | $229.6M | $252.1M | ||
| Q2 25 | $218.7M | $209.6M | ||
| Q1 25 | $210.7M | $193.4M | ||
| Q4 24 | $204.9M | $202.6M | ||
| Q3 24 | $198.5M | $193.8M | ||
| Q2 24 | $192.5M | $174.1M | ||
| Q1 24 | $184.7M | $148.9M |
净利润DOCNRGLD
| Q4 25 | $25.7M | $93.6M | ||
| Q3 25 | $158.4M | $126.8M | ||
| Q2 25 | $37.0M | $132.3M | ||
| Q1 25 | $38.2M | $113.5M | ||
| Q4 24 | $18.3M | $107.4M | ||
| Q3 24 | $32.9M | $96.2M | ||
| Q2 24 | $19.1M | $81.2M | ||
| Q1 24 | $14.1M | $47.2M |
毛利率DOCNRGLD
| Q4 25 | 58.7% | 64.6% | ||
| Q3 25 | 59.6% | 73.6% | ||
| Q2 25 | 59.9% | 72.6% | ||
| Q1 25 | 61.4% | 69.4% | ||
| Q4 24 | 57.1% | 70.3% | ||
| Q3 24 | 60.2% | 66.6% | ||
| Q2 24 | 61.0% | 64.7% | ||
| Q1 24 | 60.7% | 58.4% |
营业利润率DOCNRGLD
| Q4 25 | 16.0% | 56.2% | ||
| Q3 25 | 19.6% | 64.4% | ||
| Q2 25 | 16.3% | 67.7% | ||
| Q1 25 | 17.9% | 63.6% | ||
| Q4 24 | 15.9% | 65.9% | ||
| Q3 24 | 12.4% | 61.3% | ||
| Q2 24 | 11.6% | 58.6% | ||
| Q1 24 | 6.2% | 50.7% |
净利率DOCNRGLD
| Q4 25 | 10.6% | 24.9% | ||
| Q3 25 | 69.0% | 50.3% | ||
| Q2 25 | 16.9% | 63.1% | ||
| Q1 25 | 18.1% | 58.7% | ||
| Q4 24 | 8.9% | 53.0% | ||
| Q3 24 | 16.6% | 49.7% | ||
| Q2 24 | 9.9% | 46.6% | ||
| Q1 24 | 7.7% | 31.7% |
每股收益（稀释后）DOCNRGLD
| Q4 25 | $0.23 | $1.04 | ||
| Q3 25 | $1.51 | $1.92 | ||
| Q2 25 | $0.39 | $2.01 | ||
| Q1 25 | $0.39 | $1.72 | ||
| Q4 24 | $0.21 | $1.63 | ||
| Q3 24 | $0.33 | $1.46 | ||
| Q2 24 | $0.20 | $1.23 | ||
| Q1 24 | $0.15 | $0.72 |
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 | $233.7M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $-28.7M | $7.2B |
| 总资产 | $1.8B | $9.5B |
| 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DOCNRGLD
| Q4 25 | $254.5M | $233.7M | ||
| Q3 25 | $236.6M | $172.8M | ||
| Q2 25 | $387.7M | $248.2M | ||
| Q1 25 | $360.4M | $240.8M | ||
| Q4 24 | $428.4M | $195.5M | ||
| Q3 24 | $439.9M | $127.9M | ||
| Q2 24 | $443.1M | $74.2M | ||
| Q1 24 | $419.1M | $137.9M |
总债务DOCNRGLD
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益DOCNRGLD
| Q4 25 | $-28.7M | $7.2B | ||
| Q3 25 | $-69.6M | $3.4B | ||
| Q2 25 | $-175.2M | $3.3B | ||
| Q1 25 | $-210.7M | $3.2B | ||
| Q4 24 | $-203.0M | $3.1B | ||
| Q3 24 | $-211.7M | $3.0B | ||
| Q2 24 | $-253.8M | $3.0B | ||
| Q1 24 | $-286.1M | $2.9B |
总资产DOCNRGLD
| Q4 25 | $1.8B | $9.5B | ||
| Q3 25 | $1.7B | $4.5B | ||
| Q2 25 | $1.7B | $3.6B | ||
| Q1 25 | $1.6B | $3.5B | ||
| Q4 24 | $1.6B | $3.4B | ||
| Q3 24 | $1.5B | $3.3B | ||
| Q2 24 | $1.5B | $3.3B | ||
| Q1 24 | $1.5B | $3.3B |
负债/权益比DOCNRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.02× | ||
| 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 | $241.7M |
| 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× | 2.58× |
| 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DOCNRGLD
| Q4 25 | $57.3M | $241.7M | ||
| Q3 25 | $95.8M | $174.0M | ||
| Q2 25 | $92.4M | $152.8M | ||
| Q1 25 | $64.1M | $136.4M | ||
| Q4 24 | $71.3M | $141.1M | ||
| Q3 24 | $73.4M | $136.7M | ||
| Q2 24 | $71.3M | $113.5M | ||
| Q1 24 | $66.7M | $138.3M |
自由现金流DOCNRGLD
| 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 | — | ||
| Q1 24 | $23.0M | — |
自由现金流率DOCNRGLD
| 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% | — | ||
| Q1 24 | 12.5% | — |
资本支出强度DOCNRGLD
| 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% | — | ||
| Q1 24 | 23.6% | — |
现金转化率DOCNRGLD
| Q4 25 | 2.23× | 2.58× | ||
| Q3 25 | 0.60× | 1.37× | ||
| Q2 25 | 2.50× | 1.15× | ||
| Q1 25 | 1.68× | 1.20× | ||
| Q4 24 | 3.91× | 1.31× | ||
| Q3 24 | 2.23× | 1.42× | ||
| Q2 24 | 3.73× | 1.40× | ||
| Q1 24 | 4.72× | 2.93× |
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% |
RGLD
| Gold | $216.9M | 58% |
| Pueblo Viejo | $47.3M | 13% |
| Andacollo | $32.6M | 9% |
| Silver | $32.1M | 9% |
| Other | $27.2M | 7% |
| Copper | $13.7M | 4% |
| Cortez Legacy Zone | $5.4M | 1% |
