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DigitalOcean Holdings, Inc.（DOCN）与SUBURBAN PROPANE PARTNERS LP（SPH）财务数据对比。点击上方公司名可切换其他公司
SUBURBAN PROPANE PARTNERS LP的季度营收约是DigitalOcean Holdings, Inc.的1.5倍（$370.4M vs $242.4M），SUBURBAN PROPANE PARTNERS LP净利率更高（12.4% vs 10.6%，领先1.8%），DigitalOcean Holdings, Inc.同比增速更快（18.3% vs -0.8%），DigitalOcean Holdings, Inc.自由现金流更多（$31.1M vs $-67.5M），过去两年DigitalOcean Holdings, Inc.的营收复合增速更高（14.5% vs -13.8%）
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。
Suburban Propane Partners LP是美国领先的丙烷、天然气、取暖油及相关能源产品分销商，服务覆盖住宅、商业、工业、农业等各类客户，同时提供暖通空调系统的安装、维护与维修服务，业务范围遍布全美。
DOCN vs SPH — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $370.4M |
| 净利润 | $25.7M | $45.8M |
| 毛利率 | 58.7% | 64.7% |
| 营业利润率 | 16.0% | 18.3% |
| 净利率 | 10.6% | 12.4% |
| 营收同比 | 18.3% | -0.8% |
| 净利润同比 | 40.5% | 135.7% |
| 每股收益（稀释后） | $0.23 | $0.69 |
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 | $370.4M | ||
| Q3 25 | $229.6M | $211.4M | ||
| Q2 25 | $218.7M | $260.1M | ||
| Q1 25 | $210.7M | $587.7M | ||
| Q4 24 | $204.9M | $373.3M | ||
| Q3 24 | $198.5M | $208.6M | ||
| Q2 24 | $192.5M | $254.6M | ||
| Q1 24 | $184.7M | $498.1M |
| Q4 25 | $25.7M | $45.8M | ||
| Q3 25 | $158.4M | $-35.1M | ||
| Q2 25 | $37.0M | $-14.8M | ||
| Q1 25 | $38.2M | $137.1M | ||
| Q4 24 | $18.3M | $19.4M | ||
| Q3 24 | $32.9M | $-44.6M | ||
| Q2 24 | $19.1M | $-17.2M | ||
| Q1 24 | $14.1M | $111.5M |
| Q4 25 | 58.7% | 64.7% | ||
| Q3 25 | 59.6% | 64.7% | ||
| Q2 25 | 59.9% | 61.7% | ||
| Q1 25 | 61.4% | 58.8% | ||
| Q4 24 | 57.1% | 60.6% | ||
| Q3 24 | 60.2% | 59.4% | ||
| Q2 24 | 61.0% | 62.9% | ||
| Q1 24 | 60.7% | 61.8% |
| Q4 25 | 16.0% | 18.3% | ||
| Q3 25 | 19.6% | -7.9% | ||
| Q2 25 | 16.3% | 2.1% | ||
| Q1 25 | 17.9% | 27.0% | ||
| Q4 24 | 15.9% | 15.8% | ||
| Q3 24 | 12.4% | -10.8% | ||
| Q2 24 | 11.6% | 3.2% | ||
| Q1 24 | 6.2% | 27.5% |
| Q4 25 | 10.6% | 12.4% | ||
| Q3 25 | 69.0% | -16.6% | ||
| Q2 25 | 16.9% | -5.7% | ||
| Q1 25 | 18.1% | 23.3% | ||
| Q4 24 | 8.9% | 5.2% | ||
| Q3 24 | 16.6% | -21.4% | ||
| Q2 24 | 9.9% | -6.8% | ||
| Q1 24 | 7.7% | 22.4% |
| Q4 25 | $0.23 | $0.69 | ||
| Q3 25 | $1.51 | $-0.55 | ||
| Q2 25 | $0.39 | $-0.23 | ||
| Q1 25 | $0.39 | $2.10 | ||
| Q4 24 | $0.21 | $0.30 | ||
| Q3 24 | $0.33 | $-0.69 | ||
| Q2 24 | $0.20 | $-0.27 | ||
| Q1 24 | $0.15 | $1.72 |
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 | $1.3M |
| 总债务越低越好 | $1.3B | $1.3B |
| 股东权益账面价值 | $-28.7M | — |
| 总资产 | $1.8B | $2.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $254.5M | $1.3M | ||
| Q3 25 | $236.6M | $405.0K | ||
| Q2 25 | $387.7M | $1.3M | ||
| Q1 25 | $360.4M | $3.9M | ||
| Q4 24 | $428.4M | $4.4M | ||
| Q3 24 | $439.9M | $3.2M | ||
| Q2 24 | $443.1M | $4.9M | ||
| Q1 24 | $419.1M | $4.4M |
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $-28.7M | — | ||
| Q3 25 | $-69.6M | — | ||
| Q2 25 | $-175.2M | — | ||
| Q1 25 | $-210.7M | — | ||
| Q4 24 | $-203.0M | — | ||
| Q3 24 | $-211.7M | — | ||
| Q2 24 | $-253.8M | — | ||
| Q1 24 | $-286.1M | — |
| Q4 25 | $1.8B | $2.4B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.7B | $2.3B | ||
| Q1 25 | $1.6B | $2.4B | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $1.5B | $2.3B | ||
| Q2 24 | $1.5B | $2.3B | ||
| Q1 24 | $1.5B | $2.3B |
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 | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $-67.5M |
| 自由现金流率自由现金流/营收 | 12.8% | -18.2% |
| 资本支出强度资本支出/营收 | 10.8% | 5.3% |
| 现金转化率经营现金流/净利润 | 2.23× | -1.04× |
| 过去12个月自由现金流最近4个季度 | $180.5M | $61.9M |
8季度趋势，按日历期对齐
| Q4 25 | $57.3M | $-47.7M | ||
| Q3 25 | $95.8M | $41.8M | ||
| Q2 25 | $92.4M | $95.5M | ||
| Q1 25 | $64.1M | $40.1M | ||
| Q4 24 | $71.3M | $8.8M | ||
| Q3 24 | $73.4M | $36.8M | ||
| Q2 24 | $71.3M | $61.4M | ||
| Q1 24 | $66.7M | $75.1M |
| Q4 25 | $31.1M | $-67.5M | ||
| Q3 25 | $88.0M | $27.7M | ||
| Q2 25 | $59.3M | $80.9M | ||
| Q1 25 | $2.1M | $20.8M | ||
| Q4 24 | $26.1M | $-15.1M | ||
| Q3 24 | $16.0M | $17.7M | ||
| Q2 24 | $39.5M | $46.8M | ||
| Q1 24 | $23.0M | $60.6M |
| Q4 25 | 12.8% | -18.2% | ||
| Q3 25 | 38.3% | 13.1% | ||
| Q2 25 | 27.1% | 31.1% | ||
| Q1 25 | 1.0% | 3.5% | ||
| Q4 24 | 12.7% | -4.0% | ||
| Q3 24 | 8.1% | 8.5% | ||
| Q2 24 | 20.5% | 18.4% | ||
| Q1 24 | 12.5% | 12.2% |
| Q4 25 | 10.8% | 5.3% | ||
| Q3 25 | 3.4% | 6.7% | ||
| Q2 25 | 15.2% | 5.6% | ||
| Q1 25 | 29.4% | 3.3% | ||
| Q4 24 | 22.1% | 6.4% | ||
| Q3 24 | 28.9% | 9.1% | ||
| Q2 24 | 16.6% | 5.8% | ||
| Q1 24 | 23.6% | 2.9% |
| Q4 25 | 2.23× | -1.04× | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 2.50× | — | ||
| Q1 25 | 1.68× | 0.29× | ||
| Q4 24 | 3.91× | 0.45× | ||
| Q3 24 | 2.23× | — | ||
| Q2 24 | 3.73× | — | ||
| Q1 24 | 4.72× | 0.67× |
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% |
SPH
| Propane | $326.4M | 88% |
| Other Sales Revenue Net | $19.9M | 5% |
| Fuel Oil And Refined Fuels | $18.2M | 5% |
| Natural Gas And Electricity | $5.9M | 2% |
| Wholesale | $4.1M | 1% |
