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DigitalOcean Holdings, Inc.（DOCN）与Gentherm Inc（THRM）财务数据对比。点击上方公司名可切换其他公司
Gentherm Inc的季度营收约是DigitalOcean Holdings, Inc.的1.6倍（$382.8M vs $242.4M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs 0.8%，领先9.8%），DigitalOcean Holdings, Inc.同比增速更快（18.3% vs 8.5%），DigitalOcean Holdings, Inc.自由现金流更多（$31.1M vs $6.7M），过去两年DigitalOcean Holdings, Inc.的营收复合增速更高（14.5% vs 3.7%）
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。
金瑟公司（原阿梅里贡）是一家美国热管理技术企业，为汽车行业研发出了全球首款热电调温座椅系统——气候控制座椅系统。该系统于1999年率先被福特汽车采纳，作为选装配置搭载在2000款林肯领航员上，如今已应用于福特、通用、丰田（雷克萨斯）、起亚、现代、日产（英菲尼迪）等车企的50余款车型。
DOCN vs THRM — 直观对比
营收规模更大
THRM
是对方的1.6倍
$242.4M
营收增速更快
DOCN
高出9.8%
8.5%
净利率更高
DOCN
高出9.8%
0.8%
自由现金流更多
DOCN
多$24.4M
$6.7M
两年增速更快
DOCN
近两年复合增速
3.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $382.8M |
| 净利润 | $25.7M | $3.0M |
| 毛利率 | 58.7% | 23.7% |
| 营业利润率 | 16.0% | 4.6% |
| 净利率 | 10.6% | 0.8% |
| 营收同比 | 18.3% | 8.5% |
| 净利润同比 | 40.5% | -80.5% |
| 每股收益（稀释后） | $0.23 | $0.08 |
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DOCNTHRM
| Q4 25 | $242.4M | $382.8M | ||
| Q3 25 | $229.6M | $386.9M | ||
| Q2 25 | $218.7M | $375.1M | ||
| Q1 25 | $210.7M | $353.9M | ||
| Q4 24 | $204.9M | $352.9M | ||
| Q3 24 | $198.5M | $371.5M | ||
| Q2 24 | $192.5M | $375.7M | ||
| Q1 24 | $184.7M | $356.0M |
净利润DOCNTHRM
| Q4 25 | $25.7M | $3.0M | ||
| Q3 25 | $158.4M | $14.9M | ||
| Q2 25 | $37.0M | $477.0K | ||
| Q1 25 | $38.2M | $-128.0K | ||
| Q4 24 | $18.3M | $15.3M | ||
| Q3 24 | $32.9M | $16.0M | ||
| Q2 24 | $19.1M | $18.9M | ||
| Q1 24 | $14.1M | $14.8M |
毛利率DOCNTHRM
| Q4 25 | 58.7% | 23.7% | ||
| Q3 25 | 59.6% | 24.6% | ||
| Q2 25 | 59.9% | 23.9% | ||
| Q1 25 | 61.4% | 24.4% | ||
| Q4 24 | 57.1% | 24.4% | ||
| Q3 24 | 60.2% | 25.5% | ||
| Q2 24 | 61.0% | 25.7% | ||
| Q1 24 | 60.7% | 24.9% |
营业利润率DOCNTHRM
| Q4 25 | 16.0% | 4.6% | ||
| Q3 25 | 19.6% | 6.2% | ||
| Q2 25 | 16.3% | 6.4% | ||
| Q1 25 | 17.9% | 4.8% | ||
| Q4 24 | 15.9% | 6.7% | ||
| Q3 24 | 12.4% | 8.7% | ||
| Q2 24 | 11.6% | 8.8% | ||
| Q1 24 | 6.2% | 5.1% |
净利率DOCNTHRM
| Q4 25 | 10.6% | 0.8% | ||
| Q3 25 | 69.0% | 3.9% | ||
| Q2 25 | 16.9% | 0.1% | ||
| Q1 25 | 18.1% | -0.0% | ||
| Q4 24 | 8.9% | 4.3% | ||
| Q3 24 | 16.6% | 4.3% | ||
| Q2 24 | 9.9% | 5.0% | ||
| Q1 24 | 7.7% | 4.2% |
每股收益（稀释后）DOCNTHRM
| Q4 25 | $0.23 | $0.08 | ||
| Q3 25 | $1.51 | $0.49 | ||
| Q2 25 | $0.39 | $0.02 | ||
| Q1 25 | $0.39 | $0.00 | ||
| Q4 24 | $0.21 | $0.48 | ||
| Q3 24 | $0.33 | $0.51 | ||
| Q2 24 | $0.20 | $0.60 | ||
| Q1 24 | $0.15 | $0.47 |
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 | $160.8M |
| 总债务越低越好 | $1.3B | $189.0M |
| 股东权益账面价值 | $-28.7M | $720.3M |
| 总资产 | $1.8B | $1.4B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资DOCNTHRM
| Q4 25 | $254.5M | $160.8M | ||
| Q3 25 | $236.6M | $154.3M | ||
| Q2 25 | $387.7M | $128.3M | ||
| Q1 25 | $360.4M | $163.1M | ||
| Q4 24 | $428.4M | $134.1M | ||
| Q3 24 | $439.9M | $150.6M | ||
| Q2 24 | $443.1M | $123.5M | ||
| Q1 24 | $419.1M | $125.1M |
总债务DOCNTHRM
| Q4 25 | $1.3B | $189.0M | ||
| Q3 25 | $1.3B | $189.0M | ||
| Q2 25 | — | $209.0M | ||
| Q1 25 | — | $262.0M | ||
| Q4 24 | $1.5B | $220.1M | ||
| Q3 24 | — | $222.1M | ||
| Q2 24 | — | $222.1M | ||
| Q1 24 | — | $222.2M |
股东权益DOCNTHRM
| Q4 25 | $-28.7M | $720.3M | ||
| Q3 25 | $-69.6M | $717.9M | ||
| Q2 25 | $-175.2M | $699.7M | ||
| Q1 25 | $-210.7M | $646.5M | ||
| Q4 24 | $-203.0M | $616.9M | ||
| Q3 24 | $-211.7M | $660.7M | ||
| Q2 24 | $-253.8M | $640.3M | ||
| Q1 24 | $-286.1M | $647.1M |
总资产DOCNTHRM
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.7B | $1.4B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.5B | $1.3B |
负债/权益比DOCNTHRM
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.35× | ||
| Q1 24 | — | 0.34× |
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 | $29.0M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $6.7M |
| 自由现金流率自由现金流/营收 | 12.8% | 1.7% |
| 资本支出强度资本支出/营收 | 10.8% | 5.8% |
| 现金转化率经营现金流/净利润 | 2.23× | 9.70× |
| 过去12个月自由现金流最近4个季度 | $180.5M | $61.1M |
8季度趋势，按日历期对齐
经营现金流DOCNTHRM
| Q4 25 | $57.3M | $29.0M | ||
| Q3 25 | $95.8M | $56.1M | ||
| Q2 25 | $92.4M | $45.0M | ||
| Q1 25 | $64.1M | $-13.3M | ||
| Q4 24 | $71.3M | $36.6M | ||
| Q3 24 | $73.4M | $46.3M | ||
| Q2 24 | $71.3M | $37.1M | ||
| Q1 24 | $66.7M | $-10.3M |
自由现金流DOCNTHRM
| Q4 25 | $31.1M | $6.7M | ||
| Q3 25 | $88.0M | $46.5M | ||
| Q2 25 | $59.3M | $36.2M | ||
| Q1 25 | $2.1M | $-28.2M | ||
| Q4 24 | $26.1M | $13.6M | ||
| Q3 24 | $16.0M | $26.6M | ||
| Q2 24 | $39.5M | $17.8M | ||
| Q1 24 | $23.0M | $-21.6M |
自由现金流率DOCNTHRM
| Q4 25 | 12.8% | 1.7% | ||
| Q3 25 | 38.3% | 12.0% | ||
| Q2 25 | 27.1% | 9.6% | ||
| Q1 25 | 1.0% | -8.0% | ||
| Q4 24 | 12.7% | 3.9% | ||
| Q3 24 | 8.1% | 7.2% | ||
| Q2 24 | 20.5% | 4.7% | ||
| Q1 24 | 12.5% | -6.1% |
资本支出强度DOCNTHRM
| Q4 25 | 10.8% | 5.8% | ||
| Q3 25 | 3.4% | 2.5% | ||
| Q2 25 | 15.2% | 2.4% | ||
| Q1 25 | 29.4% | 4.2% | ||
| Q4 24 | 22.1% | 6.5% | ||
| Q3 24 | 28.9% | 5.3% | ||
| Q2 24 | 16.6% | 5.2% | ||
| Q1 24 | 23.6% | 3.2% |
现金转化率DOCNTHRM
| Q4 25 | 2.23× | 9.70× | ||
| Q3 25 | 0.60× | 3.75× | ||
| Q2 25 | 2.50× | 94.43× | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 3.91× | 2.39× | ||
| Q3 24 | 2.23× | 2.90× | ||
| Q2 24 | 3.73× | 1.97× | ||
| Q1 24 | 4.72× | -0.70× |
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% |
THRM
| Climate Control Seats | $200.9M | 52% |
| Lumbar And Massage Comfort Solutions | $58.5M | 15% |
| Climate Control Interiors | $50.3M | 13% |
| Other Automotive | $27.6M | 7% |
| Valve Systems | $24.1M | 6% |
| Medical Segments | $13.9M | 4% |
| Climate And Comfort Electronics | $7.4M | 2% |
