vs
DigitalOcean Holdings, Inc.（DOCN）与Trade Desk (The)（TTD）财务数据对比。点击上方公司名可切换其他公司
Trade Desk (The)的季度营收约是DigitalOcean Holdings, Inc.的3.5倍（$846.8M vs $242.4M）。Trade Desk (The)净利率更高（22.1% vs 10.6%，领先11.5%）。DigitalOcean Holdings, Inc.同比增速更快（18.3% vs 14.3%）。Trade Desk (The)自由现金流更多（$285.3M vs $31.1M）。过去两年Trade Desk (The)的营收复合增速更高（31.3% 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。
The Trade Desk是来自美国的跨国科技企业，专注于实时程序化营销自动化领域的技术、产品与服务研发，可实现面向用户的个性化数字内容分发，为全球广告营销行业客户提供专业解决方案。
DOCN vs TTD — 直观对比
营收规模更大
TTD
是对方的3.5倍
$242.4M
营收增速更快
DOCN
高出4.0%
14.3%
净利率更高
TTD
高出11.5%
10.6%
自由现金流更多
TTD
多$254.1M
$31.1M
两年增速更快
TTD
近两年复合增速
14.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $846.8M |
| 净利润 | $25.7M | $186.9M |
| 毛利率 | 58.7% | 80.7% |
| 营业利润率 | 16.0% | 30.3% |
| 净利率 | 10.6% | 22.1% |
| 营收同比 | 18.3% | 14.3% |
| 净利润同比 | 40.5% | 2.6% |
| 每股收益（稀释后） | $0.23 | $0.39 |
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DOCNTTD
| Q4 25 | $242.4M | $846.8M | ||
| Q3 25 | $229.6M | $739.4M | ||
| Q2 25 | $218.7M | $694.0M | ||
| Q1 25 | $210.7M | $616.0M | ||
| Q4 24 | $204.9M | $741.0M | ||
| Q3 24 | $198.5M | $628.0M | ||
| Q2 24 | $192.5M | $584.5M | ||
| Q1 24 | $184.7M | $491.3M |
净利润DOCNTTD
| Q4 25 | $25.7M | $186.9M | ||
| Q3 25 | $158.4M | $115.5M | ||
| Q2 25 | $37.0M | $90.1M | ||
| Q1 25 | $38.2M | $50.7M | ||
| Q4 24 | $18.3M | $182.2M | ||
| Q3 24 | $32.9M | $94.2M | ||
| Q2 24 | $19.1M | $85.0M | ||
| Q1 24 | $14.1M | $31.7M |
毛利率DOCNTTD
| Q4 25 | 58.7% | 80.7% | ||
| Q3 25 | 59.6% | 78.1% | ||
| Q2 25 | 59.9% | 78.2% | ||
| Q1 25 | 61.4% | 76.8% | ||
| Q4 24 | 57.1% | 81.7% | ||
| Q3 24 | 60.2% | 80.5% | ||
| Q2 24 | 61.0% | 81.1% | ||
| Q1 24 | 60.7% | 78.9% |
营业利润率DOCNTTD
| Q4 25 | 16.0% | 30.3% | ||
| Q3 25 | 19.6% | 21.8% | ||
| Q2 25 | 16.3% | 16.8% | ||
| Q1 25 | 17.9% | 8.8% | ||
| Q4 24 | 15.9% | 26.4% | ||
| Q3 24 | 12.4% | 17.3% | ||
| Q2 24 | 11.6% | 16.2% | ||
| Q1 24 | 6.2% | 5.8% |
净利率DOCNTTD
| Q4 25 | 10.6% | 22.1% | ||
| Q3 25 | 69.0% | 15.6% | ||
| Q2 25 | 16.9% | 13.0% | ||
| Q1 25 | 18.1% | 8.2% | ||
| Q4 24 | 8.9% | 24.6% | ||
| Q3 24 | 16.6% | 15.0% | ||
| Q2 24 | 9.9% | 14.5% | ||
| Q1 24 | 7.7% | 6.4% |
每股收益（稀释后）DOCNTTD
| Q4 25 | $0.23 | $0.39 | ||
| Q3 25 | $1.51 | $0.23 | ||
| Q2 25 | $0.39 | $0.18 | ||
| Q1 25 | $0.39 | $0.10 | ||
| Q4 24 | $0.21 | $0.36 | ||
| Q3 24 | $0.33 | $0.19 | ||
| Q2 24 | $0.20 | $0.17 | ||
| Q1 24 | $0.15 | $0.06 |
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 | $1.3B |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $-28.7M | $2.5B |
| 总资产 | $1.8B | $6.2B |
| 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DOCNTTD
| Q4 25 | $254.5M | $1.3B | ||
| Q3 25 | $236.6M | $1.4B | ||
| Q2 25 | $387.7M | $1.7B | ||
| Q1 25 | $360.4M | $1.7B | ||
| Q4 24 | $428.4M | $1.9B | ||
| Q3 24 | $439.9M | $1.7B | ||
| Q2 24 | $443.1M | $1.5B | ||
| Q1 24 | $419.1M | $1.4B |
总债务DOCNTTD
| 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DOCNTTD
| Q4 25 | $-28.7M | $2.5B | ||
| Q3 25 | $-69.6M | $2.6B | ||
| Q2 25 | $-175.2M | $2.7B | ||
| Q1 25 | $-210.7M | $2.7B | ||
| Q4 24 | $-203.0M | $2.9B | ||
| Q3 24 | $-211.7M | $2.6B | ||
| Q2 24 | $-253.8M | $2.4B | ||
| Q1 24 | $-286.1M | $2.2B |
总资产DOCNTTD
| Q4 25 | $1.8B | $6.2B | ||
| Q3 25 | $1.7B | $5.9B | ||
| Q2 25 | $1.7B | $6.0B | ||
| Q1 25 | $1.6B | $5.7B | ||
| Q4 24 | $1.6B | $6.1B | ||
| Q3 24 | $1.5B | $5.5B | ||
| Q2 24 | $1.5B | $5.2B | ||
| Q1 24 | $1.5B | $4.7B |
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 | $311.6M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $285.3M |
| 自由现金流率自由现金流/营收 | 12.8% | 33.7% |
| 资本支出强度资本支出/营收 | 10.8% | 3.1% |
| 现金转化率经营现金流/净利润 | 2.23× | 1.67× |
| 过去12个月自由现金流最近4个季度 | $180.5M | $795.7M |
8季度趋势，按日历期对齐
经营现金流DOCNTTD
| Q4 25 | $57.3M | $311.6M | ||
| Q3 25 | $95.8M | $224.7M | ||
| Q2 25 | $92.4M | $165.0M | ||
| Q1 25 | $64.1M | $291.4M | ||
| Q4 24 | $71.3M | $199.4M | ||
| Q3 24 | $73.4M | $273.3M | ||
| Q2 24 | $71.3M | $81.3M | ||
| Q1 24 | $66.7M | $185.5M |
自由现金流DOCNTTD
| Q4 25 | $31.1M | $285.3M | ||
| Q3 25 | $88.0M | $158.3M | ||
| Q2 25 | $59.3M | $119.8M | ||
| Q1 25 | $2.1M | $232.3M | ||
| Q4 24 | $26.1M | $179.2M | ||
| Q3 24 | $16.0M | $224.6M | ||
| Q2 24 | $39.5M | $59.1M | ||
| Q1 24 | $23.0M | $178.2M |
自由现金流率DOCNTTD
| Q4 25 | 12.8% | 33.7% | ||
| Q3 25 | 38.3% | 21.4% | ||
| Q2 25 | 27.1% | 17.3% | ||
| Q1 25 | 1.0% | 37.7% | ||
| Q4 24 | 12.7% | 24.2% | ||
| Q3 24 | 8.1% | 35.8% | ||
| Q2 24 | 20.5% | 10.1% | ||
| Q1 24 | 12.5% | 36.3% |
资本支出强度DOCNTTD
| Q4 25 | 10.8% | 3.1% | ||
| Q3 25 | 3.4% | 9.0% | ||
| Q2 25 | 15.2% | 6.5% | ||
| Q1 25 | 29.4% | 9.6% | ||
| Q4 24 | 22.1% | 2.7% | ||
| Q3 24 | 28.9% | 7.8% | ||
| Q2 24 | 16.6% | 3.8% | ||
| Q1 24 | 23.6% | 1.5% |
现金转化率DOCNTTD
| Q4 25 | 2.23× | 1.67× | ||
| Q3 25 | 0.60× | 1.94× | ||
| Q2 25 | 2.50× | 1.83× | ||
| Q1 25 | 1.68× | 5.75× | ||
| Q4 24 | 3.91× | 1.09× | ||
| Q3 24 | 2.23× | 2.90× | ||
| Q2 24 | 3.73× | 0.96× | ||
| Q1 24 | 4.72× | 5.86× |
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% |
TTD
暂无分部数据
