vs
DigitalOcean Holdings, Inc.（DOCN）与Snap Inc（SNAP）财务数据对比。点击上方公司名可切换其他公司
Snap Inc的季度营收约是DigitalOcean Holdings, Inc.的7.1倍（$1.7B vs $242.4M）。DigitalOcean Holdings, Inc.净利率更高（10.6% vs 2.6%，领先8.0%）。DigitalOcean Holdings, Inc.同比增速更快（18.3% vs 10.2%）。Snap Inc自由现金流更多（$205.6M vs $31.1M）。过去两年Snap Inc的营收复合增速更高（19.9% 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。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
DOCN vs SNAP — 直观对比
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $1.7B |
| 净利润 | $25.7M | $45.2M |
| 毛利率 | 58.7% | 59.1% |
| 营业利润率 | 16.0% | 2.9% |
| 净利率 | 10.6% | 2.6% |
| 营收同比 | 18.3% | 10.2% |
| 净利润同比 | 40.5% | 396.7% |
| 每股收益（稀释后） | $0.23 | $0.03 |
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
| Q4 25 | $242.4M | $1.7B | ||
| Q3 25 | $229.6M | $1.5B | ||
| Q2 25 | $218.7M | $1.3B | ||
| Q1 25 | $210.7M | $1.4B | ||
| Q4 24 | $204.9M | $1.6B | ||
| Q3 24 | $198.5M | $1.4B | ||
| Q2 24 | $192.5M | $1.2B | ||
| Q1 24 | $184.7M | $1.2B |
| Q4 25 | $25.7M | $45.2M | ||
| Q3 25 | $158.4M | $-103.5M | ||
| Q2 25 | $37.0M | $-262.6M | ||
| Q1 25 | $38.2M | $-139.6M | ||
| Q4 24 | $18.3M | $9.1M | ||
| Q3 24 | $32.9M | $-153.2M | ||
| Q2 24 | $19.1M | $-248.6M | ||
| Q1 24 | $14.1M | $-305.1M |
| Q4 25 | 58.7% | 59.1% | ||
| Q3 25 | 59.6% | 55.3% | ||
| Q2 25 | 59.9% | 51.4% | ||
| Q1 25 | 61.4% | 53.1% | ||
| Q4 24 | 57.1% | 56.9% | ||
| Q3 24 | 60.2% | 53.5% | ||
| Q2 24 | 61.0% | 52.4% | ||
| Q1 24 | 60.7% | 51.9% |
| Q4 25 | 16.0% | 2.9% | ||
| Q3 25 | 19.6% | -8.5% | ||
| Q2 25 | 16.3% | -19.3% | ||
| Q1 25 | 17.9% | -14.2% | ||
| Q4 24 | 15.9% | -1.7% | ||
| Q3 24 | 12.4% | -12.6% | ||
| Q2 24 | 11.6% | -20.5% | ||
| Q1 24 | 6.2% | -27.9% |
| Q4 25 | 10.6% | 2.6% | ||
| Q3 25 | 69.0% | -6.9% | ||
| Q2 25 | 16.9% | -19.5% | ||
| Q1 25 | 18.1% | -10.2% | ||
| Q4 24 | 8.9% | 0.6% | ||
| Q3 24 | 16.6% | -11.2% | ||
| Q2 24 | 9.9% | -20.1% | ||
| Q1 24 | 7.7% | -25.5% |
| Q4 25 | $0.23 | $0.03 | ||
| Q3 25 | $1.51 | $-0.06 | ||
| Q2 25 | $0.39 | $-0.16 | ||
| Q1 25 | $0.39 | $-0.08 | ||
| Q4 24 | $0.21 | $0.01 | ||
| Q3 24 | $0.33 | $-0.09 | ||
| Q2 24 | $0.20 | $-0.15 | ||
| Q1 24 | $0.15 | $-0.19 |
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 | $2.9B |
| 总债务越低越好 | $1.3B | $3.5B |
| 股东权益账面价值 | $-28.7M | $2.3B |
| 总资产 | $1.8B | $7.7B |
| 负债/权益比越低杠杆越低 | — | 1.55× |
8季度趋势，按日历期对齐
| Q4 25 | $254.5M | $2.9B | ||
| Q3 25 | $236.6M | $3.0B | ||
| Q2 25 | $387.7M | $2.9B | ||
| Q1 25 | $360.4M | $3.2B | ||
| Q4 24 | $428.4M | $3.4B | ||
| Q3 24 | $439.9M | $3.2B | ||
| Q2 24 | $443.1M | $3.1B | ||
| Q1 24 | $419.1M | $2.9B |
| Q4 25 | $1.3B | $3.5B | ||
| Q3 25 | $1.3B | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | $1.5B | $3.6B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $3.3B |
| Q4 25 | $-28.7M | $2.3B | ||
| Q3 25 | $-69.6M | $2.2B | ||
| Q2 25 | $-175.2M | $2.1B | ||
| Q1 25 | $-210.7M | $2.3B | ||
| Q4 24 | $-203.0M | $2.5B | ||
| Q3 24 | $-211.7M | $2.2B | ||
| Q2 24 | $-253.8M | $2.1B | ||
| Q1 24 | $-286.1M | $2.1B |
| Q4 25 | $1.8B | $7.7B | ||
| Q3 25 | $1.7B | $7.6B | ||
| Q2 25 | $1.7B | $7.4B | ||
| Q1 25 | $1.6B | $7.6B | ||
| Q4 24 | $1.6B | $7.9B | ||
| Q3 24 | $1.5B | $7.6B | ||
| Q2 24 | $1.5B | $7.4B | ||
| Q1 24 | $1.5B | $7.2B |
| Q4 25 | — | 1.55× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 1.76× | ||
| Q1 24 | — | 1.55× |
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 | $269.6M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $205.6M |
| 自由现金流率自由现金流/营收 | 12.8% | 12.0% |
| 资本支出强度资本支出/营收 | 10.8% | 3.7% |
| 现金转化率经营现金流/净利润 | 2.23× | 5.96× |
| 过去12个月自由现金流最近4个季度 | $180.5M | $437.2M |
8季度趋势，按日历期对齐
| Q4 25 | $57.3M | $269.6M | ||
| Q3 25 | $95.8M | $146.5M | ||
| Q2 25 | $92.4M | $88.5M | ||
| Q1 25 | $64.1M | $151.6M | ||
| Q4 24 | $71.3M | $230.6M | ||
| Q3 24 | $73.4M | $115.9M | ||
| Q2 24 | $71.3M | $-21.4M | ||
| Q1 24 | $66.7M | $88.4M |
| Q4 25 | $31.1M | $205.6M | ||
| Q3 25 | $88.0M | $93.4M | ||
| Q2 25 | $59.3M | $23.8M | ||
| Q1 25 | $2.1M | $114.4M | ||
| Q4 24 | $26.1M | $182.4M | ||
| Q3 24 | $16.0M | $71.8M | ||
| Q2 24 | $39.5M | $-73.4M | ||
| Q1 24 | $23.0M | $37.9M |
| Q4 25 | 12.8% | 12.0% | ||
| Q3 25 | 38.3% | 6.2% | ||
| Q2 25 | 27.1% | 1.8% | ||
| Q1 25 | 1.0% | 8.4% | ||
| Q4 24 | 12.7% | 11.7% | ||
| Q3 24 | 8.1% | 5.2% | ||
| Q2 24 | 20.5% | -5.9% | ||
| Q1 24 | 12.5% | 3.2% |
| Q4 25 | 10.8% | 3.7% | ||
| Q3 25 | 3.4% | 3.5% | ||
| Q2 25 | 15.2% | 4.8% | ||
| Q1 25 | 29.4% | 2.7% | ||
| Q4 24 | 22.1% | 3.1% | ||
| Q3 24 | 28.9% | 3.2% | ||
| Q2 24 | 16.6% | 4.2% | ||
| Q1 24 | 23.6% | 4.2% |
| Q4 25 | 2.23× | 5.96× | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 2.50× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 3.91× | 25.34× | ||
| Q3 24 | 2.23× | — | ||
| Q2 24 | 3.73× | — | ||
| 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% |
SNAP
| Advertising Revenue | $1.5B | 86% |
| Other Revenue | $231.9M | 14% |
