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DigitalOcean Holdings, Inc.（DOCN）与Via Renewables, Inc.（VIASP）财务数据对比。点击上方公司名可切换其他公司
DigitalOcean Holdings, Inc.的季度营收约是Via Renewables, Inc.的1.9倍（$242.4M vs $127.8M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs 5.4%，领先5.2%），Via Renewables, Inc.同比增速更快（22.5% vs 18.3%），DigitalOcean Holdings, Inc.自由现金流更多（$31.1M vs $-4.8M），过去两年DigitalOcean Holdings, Inc.的营收复合增速更高（14.5% vs 5.9%）
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。
EDF电力解决方案是法国电力集团旗下全资子公司，专注可再生能源发电业务。作为一体化运营商，该集团开展可再生能源项目开发与融资，推进设施建设，同时为自有及第三方的可再生能源项目提供运营与维护服务。
DOCN vs VIASP — 直观对比
营收规模更大
DOCN
是对方的1.9倍
$127.8M
营收增速更快
VIASP
高出4.2%
18.3%
净利率更高
DOCN
高出5.2%
5.4%
自由现金流更多
DOCN
多$35.9M
$-4.8M
两年增速更快
DOCN
近两年复合增速
5.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $127.8M |
| 净利润 | $25.7M | $6.9M |
| 毛利率 | 58.7% | 34.4% |
| 营业利润率 | 16.0% | 15.2% |
| 净利率 | 10.6% | 5.4% |
| 营收同比 | 18.3% | 22.5% |
| 净利润同比 | 40.5% | -30.9% |
| 每股收益（稀释后） | $0.23 | $1.19 |
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DOCNVIASP
| Q4 25 | $242.4M | $127.8M | ||
| Q3 25 | $229.6M | $103.3M | ||
| Q2 25 | $218.7M | $90.0M | ||
| Q1 25 | $210.7M | $142.3M | ||
| Q4 24 | $204.9M | $104.3M | ||
| Q3 24 | $198.5M | $93.8M | ||
| Q2 24 | $192.5M | $86.7M | ||
| Q1 24 | $184.7M | $114.1M |
净利润DOCNVIASP
| Q4 25 | $25.7M | $6.9M | ||
| Q3 25 | $158.4M | $757.0K | ||
| Q2 25 | $37.0M | $2.7M | ||
| Q1 25 | $38.2M | $8.8M | ||
| Q4 24 | $18.3M | $9.9M | ||
| Q3 24 | $32.9M | $2.1M | ||
| Q2 24 | $19.1M | $7.6M | ||
| Q1 24 | $14.1M | $8.6M |
毛利率DOCNVIASP
| Q4 25 | 58.7% | 34.4% | ||
| Q3 25 | 59.6% | 23.1% | ||
| Q2 25 | 59.9% | 30.0% | ||
| Q1 25 | 61.4% | 32.9% | ||
| Q4 24 | 57.1% | 51.9% | ||
| Q3 24 | 60.2% | 26.8% | ||
| Q2 24 | 61.0% | 50.4% | ||
| Q1 24 | 60.7% | 39.5% |
营业利润率DOCNVIASP
| Q4 25 | 16.0% | 15.2% | ||
| Q3 25 | 19.6% | 3.1% | ||
| Q2 25 | 16.3% | 6.7% | ||
| Q1 25 | 17.9% | 17.5% | ||
| Q4 24 | 15.9% | 31.5% | ||
| Q3 24 | 12.4% | 5.3% | ||
| Q2 24 | 11.6% | 23.8% | ||
| Q1 24 | 6.2% | 22.6% |
净利率DOCNVIASP
| Q4 25 | 10.6% | 5.4% | ||
| Q3 25 | 69.0% | 0.7% | ||
| Q2 25 | 16.9% | 3.0% | ||
| Q1 25 | 18.1% | 6.2% | ||
| Q4 24 | 8.9% | 9.5% | ||
| Q3 24 | 16.6% | 2.3% | ||
| Q2 24 | 9.9% | 8.8% | ||
| Q1 24 | 7.7% | 7.5% |
每股收益（稀释后）DOCNVIASP
| Q4 25 | $0.23 | $1.19 | ||
| Q3 25 | $1.51 | $-0.41 | ||
| Q2 25 | $0.39 | $0.09 | ||
| Q1 25 | $0.39 | $1.83 | ||
| Q4 24 | $0.21 | $2.33 | ||
| Q3 24 | $0.33 | $-0.17 | ||
| Q2 24 | $0.20 | $1.51 | ||
| Q1 24 | $0.15 | $1.81 |
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 | $41.8M |
| 总债务越低越好 | $1.3B | $120.0M |
| 股东权益账面价值 | $-28.7M | $67.7M |
| 总资产 | $1.8B | $331.3M |
| 负债/权益比越低杠杆越低 | — | 1.77× |
8季度趋势，按日历期对齐
现金及短期投资DOCNVIASP
| Q4 25 | $254.5M | $41.8M | ||
| Q3 25 | $236.6M | $53.6M | ||
| Q2 25 | $387.7M | $62.1M | ||
| Q1 25 | $360.4M | $64.7M | ||
| Q4 24 | $428.4M | $53.1M | ||
| Q3 24 | $439.9M | $66.6M | ||
| Q2 24 | $443.1M | $53.6M | ||
| Q1 24 | $419.1M | $50.4M |
总债务DOCNVIASP
| Q4 25 | $1.3B | $120.0M | ||
| Q3 25 | $1.3B | $105.0M | ||
| Q2 25 | — | $100.0M | ||
| Q1 25 | — | $101.0M | ||
| Q4 24 | $1.5B | $106.0M | ||
| Q3 24 | — | $89.0M | ||
| Q2 24 | — | $93.0M | ||
| Q1 24 | — | $91.0M |
股东权益DOCNVIASP
| Q4 25 | $-28.7M | $67.7M | ||
| Q3 25 | $-69.6M | $63.7M | ||
| Q2 25 | $-175.2M | $68.2M | ||
| Q1 25 | $-210.7M | $72.7M | ||
| Q4 24 | $-203.0M | $66.7M | ||
| Q3 24 | $-211.7M | $58.2M | ||
| Q2 24 | $-253.8M | $58.3M | ||
| Q1 24 | $-286.1M | $53.2M |
总资产DOCNVIASP
| Q4 25 | $1.8B | $331.3M | ||
| Q3 25 | $1.7B | $304.8M | ||
| Q2 25 | $1.7B | $316.3M | ||
| Q1 25 | $1.6B | $347.4M | ||
| Q4 24 | $1.6B | $344.9M | ||
| Q3 24 | $1.5B | $298.4M | ||
| Q2 24 | $1.5B | $299.7M | ||
| Q1 24 | $1.5B | $302.7M |
负债/权益比DOCNVIASP
| Q4 25 | — | 1.77× | ||
| Q3 25 | — | 1.65× | ||
| Q2 25 | — | 1.47× | ||
| Q1 25 | — | 1.39× | ||
| Q4 24 | — | 1.59× | ||
| Q3 24 | — | 1.53× | ||
| Q2 24 | — | 1.60× | ||
| Q1 24 | — | 1.71× |
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 | $-4.2M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $-4.8M |
| 自由现金流率自由现金流/营收 | 12.8% | -3.7% |
| 资本支出强度资本支出/营收 | 10.8% | 0.4% |
| 现金转化率经营现金流/净利润 | 2.23× | -0.61× |
| 过去12个月自由现金流最近4个季度 | $180.5M | $39.1M |
8季度趋势，按日历期对齐
经营现金流DOCNVIASP
| Q4 25 | $57.3M | $-4.2M | ||
| Q3 25 | $95.8M | $2.4M | ||
| Q2 25 | $92.4M | $19.0M | ||
| Q1 25 | $64.1M | $24.9M | ||
| Q4 24 | $71.3M | $2.0M | ||
| Q3 24 | $73.4M | $20.1M | ||
| Q2 24 | $71.3M | $11.2M | ||
| Q1 24 | $66.7M | $17.1M |
自由现金流DOCNVIASP
| Q4 25 | $31.1M | $-4.8M | ||
| Q3 25 | $88.0M | $1.9M | ||
| Q2 25 | $59.3M | $18.4M | ||
| Q1 25 | $2.1M | $23.5M | ||
| Q4 24 | $26.1M | $1.6M | ||
| Q3 24 | $16.0M | $19.7M | ||
| Q2 24 | $39.5M | $10.9M | ||
| Q1 24 | $23.0M | $16.6M |
自由现金流率DOCNVIASP
| Q4 25 | 12.8% | -3.7% | ||
| Q3 25 | 38.3% | 1.9% | ||
| Q2 25 | 27.1% | 20.5% | ||
| Q1 25 | 1.0% | 16.5% | ||
| Q4 24 | 12.7% | 1.5% | ||
| Q3 24 | 8.1% | 21.0% | ||
| Q2 24 | 20.5% | 12.6% | ||
| Q1 24 | 12.5% | 14.6% |
资本支出强度DOCNVIASP
| Q4 25 | 10.8% | 0.4% | ||
| Q3 25 | 3.4% | 0.4% | ||
| Q2 25 | 15.2% | 0.6% | ||
| Q1 25 | 29.4% | 1.0% | ||
| Q4 24 | 22.1% | 0.4% | ||
| Q3 24 | 28.9% | 0.4% | ||
| Q2 24 | 16.6% | 0.3% | ||
| Q1 24 | 23.6% | 0.4% |
现金转化率DOCNVIASP
| Q4 25 | 2.23× | -0.61× | ||
| Q3 25 | 0.60× | 3.12× | ||
| Q2 25 | 2.50× | 6.94× | ||
| Q1 25 | 1.68× | 2.84× | ||
| Q4 24 | 3.91× | 0.20× | ||
| Q3 24 | 2.23× | 9.41× | ||
| Q2 24 | 3.73× | 1.47× | ||
| Q1 24 | 4.72× | 2.00× |
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% |
VIASP
| Retail Electricity | $79.7M | 62% |
| Retail Natural Gas | $48.9M | 38% |
