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DigitalOcean Holdings, Inc.（DOCN）与USA Compression Partners, LP（USAC）财务数据对比。点击上方公司名可切换其他公司
USA Compression Partners, LP的季度营收约是DigitalOcean Holdings, Inc.的1.0倍（$252.5M vs $242.4M），USA Compression Partners, LP净利率更高（11.0% vs 10.6%，领先0.4%），DigitalOcean Holdings, Inc.同比增速更快（18.3% vs 2.7%），USA Compression Partners, LP自由现金流更多（$87.7M vs $31.1M），过去两年DigitalOcean Holdings, Inc.的营收复合增速更高（14.5% vs 4.9%）
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。
USA Compression Partners, LP是一家总部位于美国的天然气压缩服务供应商，服务覆盖油气行业上游、中游及下游领域，提供定制化压缩系统、设备维护与运营支持，助力天然气生产、加工和运输环节高效运转。
DOCN vs USAC — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $252.5M |
| 净利润 | $25.7M | $27.8M |
| 毛利率 | 58.7% | — |
| 营业利润率 | 16.0% | 30.3% |
| 净利率 | 10.6% | 11.0% |
| 营收同比 | 18.3% | 2.7% |
| 净利润同比 | 40.5% | 9.1% |
| 每股收益（稀释后） | $0.23 | — |
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 | $252.5M | ||
| Q3 25 | $229.6M | $250.3M | ||
| Q2 25 | $218.7M | $250.1M | ||
| Q1 25 | $210.7M | $245.2M | ||
| Q4 24 | $204.9M | $245.9M | ||
| Q3 24 | $198.5M | $240.0M | ||
| Q2 24 | $192.5M | $235.3M | ||
| Q1 24 | $184.7M | $229.3M |
| Q4 25 | $25.7M | $27.8M | ||
| Q3 25 | $158.4M | $34.5M | ||
| Q2 25 | $37.0M | $28.6M | ||
| Q1 25 | $38.2M | $20.5M | ||
| Q4 24 | $18.3M | $25.4M | ||
| Q3 24 | $32.9M | $19.3M | ||
| Q2 24 | $19.1M | $31.2M | ||
| Q1 24 | $14.1M | $23.6M |
| Q4 25 | 58.7% | — | ||
| Q3 25 | 59.6% | — | ||
| Q2 25 | 59.9% | — | ||
| Q1 25 | 61.4% | — | ||
| Q4 24 | 57.1% | — | ||
| Q3 24 | 60.2% | — | ||
| Q2 24 | 61.0% | — | ||
| Q1 24 | 60.7% | — |
| Q4 25 | 16.0% | 30.3% | ||
| Q3 25 | 19.6% | 33.5% | ||
| Q2 25 | 16.3% | 30.6% | ||
| Q1 25 | 17.9% | 28.3% | ||
| Q4 24 | 15.9% | 30.3% | ||
| Q3 24 | 12.4% | 31.5% | ||
| Q2 24 | 11.6% | 32.9% | ||
| Q1 24 | 6.2% | 29.2% |
| Q4 25 | 10.6% | 11.0% | ||
| Q3 25 | 69.0% | 13.8% | ||
| Q2 25 | 16.9% | 11.4% | ||
| Q1 25 | 18.1% | 8.4% | ||
| Q4 24 | 8.9% | 10.3% | ||
| Q3 24 | 16.6% | 8.1% | ||
| Q2 24 | 9.9% | 13.3% | ||
| Q1 24 | 7.7% | 10.3% |
| Q4 25 | $0.23 | — | ||
| Q3 25 | $1.51 | — | ||
| Q2 25 | $0.39 | — | ||
| Q1 25 | $0.39 | — | ||
| Q4 24 | $0.21 | — | ||
| Q3 24 | $0.33 | — | ||
| Q2 24 | $0.20 | — | ||
| Q1 24 | $0.15 | — |
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 | $8.6M |
| 总债务越低越好 | $1.3B | $2.5B |
| 股东权益账面价值 | $-28.7M | — |
| 总资产 | $1.8B | $2.6B |
| 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 | $8.6M | ||
| Q3 25 | $236.6M | — | ||
| Q2 25 | $387.7M | $2.0K | ||
| Q1 25 | $360.4M | $2.0K | ||
| Q4 24 | $428.4M | $14.0K | ||
| Q3 24 | $439.9M | $79.0K | ||
| Q2 24 | $443.1M | $9.0K | ||
| Q1 24 | $419.1M | $8.0K |
| Q4 25 | $1.3B | $2.5B | ||
| Q3 25 | $1.3B | $2.5B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | $1.5B | $2.5B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.5B |
| 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 | $2.6B | ||
| Q3 25 | $1.7B | $2.7B | ||
| Q2 25 | $1.7B | $2.7B | ||
| Q1 25 | $1.6B | $2.7B | ||
| Q4 24 | $1.6B | $2.7B | ||
| Q3 24 | $1.5B | $2.8B | ||
| Q2 24 | $1.5B | $2.8B | ||
| Q1 24 | $1.5B | $2.8B |
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 | $139.5M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $87.7M |
| 自由现金流率自由现金流/营收 | 12.8% | 34.8% |
| 资本支出强度资本支出/营收 | 10.8% | 20.5% |
| 现金转化率经营现金流/净利润 | 2.23× | 5.02× |
| 过去12个月自由现金流最近4个季度 | $180.5M | $277.0M |
8季度趋势，按日历期对齐
| Q4 25 | $57.3M | $139.5M | ||
| Q3 25 | $95.8M | $75.9M | ||
| Q2 25 | $92.4M | $124.2M | ||
| Q1 25 | $64.1M | $54.7M | ||
| Q4 24 | $71.3M | $130.2M | ||
| Q3 24 | $73.4M | $48.5M | ||
| Q2 24 | $71.3M | $96.7M | ||
| Q1 24 | $66.7M | $65.9M |
| Q4 25 | $31.1M | $87.7M | ||
| Q3 25 | $88.0M | $51.9M | ||
| Q2 25 | $59.3M | $101.1M | ||
| Q1 25 | $2.1M | $36.3M | ||
| Q4 24 | $26.1M | $101.2M | ||
| Q3 24 | $16.0M | $19.8M | ||
| Q2 24 | $39.5M | $48.2M | ||
| Q1 24 | $23.0M | $-32.7M |
| Q4 25 | 12.8% | 34.8% | ||
| Q3 25 | 38.3% | 20.7% | ||
| Q2 25 | 27.1% | 40.4% | ||
| Q1 25 | 1.0% | 14.8% | ||
| Q4 24 | 12.7% | 41.1% | ||
| Q3 24 | 8.1% | 8.2% | ||
| Q2 24 | 20.5% | 20.5% | ||
| Q1 24 | 12.5% | -14.3% |
| Q4 25 | 10.8% | 20.5% | ||
| Q3 25 | 3.4% | 9.6% | ||
| Q2 25 | 15.2% | 9.3% | ||
| Q1 25 | 29.4% | 7.5% | ||
| Q4 24 | 22.1% | 11.8% | ||
| Q3 24 | 28.9% | 12.0% | ||
| Q2 24 | 16.6% | 20.6% | ||
| Q1 24 | 23.6% | 43.0% |
| Q4 25 | 2.23× | 5.02× | ||
| Q3 25 | 0.60× | 2.20× | ||
| Q2 25 | 2.50× | 4.35× | ||
| Q1 25 | 1.68× | 2.66× | ||
| Q4 24 | 3.91× | 5.12× | ||
| Q3 24 | 2.23× | 2.51× | ||
| Q2 24 | 3.73× | 3.10× | ||
| Q1 24 | 4.72× | 2.80× |
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% |
USAC
| Revenue From Contract Operations Excluding Revenue From Related Party | $231.7M | 92% |
| Entities Affiliated With Energy Transfer LP | $16.6M | 7% |
| Transferred At Point In Time | $5.4M | 2% |
