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DigitalOcean Holdings, Inc.（DOCN）与Westrock Coffee Co（WEST）财务数据对比。点击上方公司名可切换其他公司
Westrock Coffee Co的季度营收约是DigitalOcean Holdings, Inc.的1.4倍（$339.5M vs $242.4M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs -6.6%，领先17.2%），Westrock Coffee Co同比增速更快（48.3% vs 18.3%），DigitalOcean Holdings, Inc.自由现金流更多（$31.1M vs $27.8M），过去两年Westrock Coffee Co的营收复合增速更高（32.8% 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。
Westrock Coffee Co是一家全球化综合咖啡及饮品解决方案供应商，业务覆盖咖啡、茶与功能性饮品的采购、烘焙、生产及分销，为北美及全球其他区域的零售、餐饮和商业客户提供定制化产品及配套服务。
DOCN vs WEST — 直观对比
营收规模更大
WEST
是对方的1.4倍
$242.4M
营收增速更快
WEST
高出30.0%
18.3%
净利率更高
DOCN
高出17.2%
-6.6%
自由现金流更多
DOCN
多$3.4M
$27.8M
两年增速更快
WEST
近两年复合增速
14.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $339.5M |
| 净利润 | $25.7M | $-22.6M |
| 毛利率 | 58.7% | 11.5% |
| 营业利润率 | 16.0% | -2.6% |
| 净利率 | 10.6% | -6.6% |
| 营收同比 | 18.3% | 48.3% |
| 净利润同比 | 40.5% | 8.3% |
| 每股收益（稀释后） | $0.23 | $-0.22 |
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DOCNWEST
| Q4 25 | $242.4M | $339.5M | ||
| Q3 25 | $229.6M | $354.8M | ||
| Q2 25 | $218.7M | $280.9M | ||
| Q1 25 | $210.7M | $213.8M | ||
| Q4 24 | $204.9M | $229.0M | ||
| Q3 24 | $198.5M | $220.9M | ||
| Q2 24 | $192.5M | $208.4M | ||
| Q1 24 | $184.7M | $192.5M |
净利润DOCNWEST
| Q4 25 | $25.7M | $-22.6M | ||
| Q3 25 | $158.4M | $-19.1M | ||
| Q2 25 | $37.0M | $-21.6M | ||
| Q1 25 | $38.2M | $-27.2M | ||
| Q4 24 | $18.3M | $-24.6M | ||
| Q3 24 | $32.9M | $-14.3M | ||
| Q2 24 | $19.1M | $-17.8M | ||
| Q1 24 | $14.1M | $-23.7M |
毛利率DOCNWEST
| Q4 25 | 58.7% | 11.5% | ||
| Q3 25 | 59.6% | 11.7% | ||
| Q2 25 | 59.9% | 14.7% | ||
| Q1 25 | 61.4% | 13.6% | ||
| Q4 24 | 57.1% | 16.6% | ||
| Q3 24 | 60.2% | 16.8% | ||
| Q2 24 | 61.0% | 19.9% | ||
| Q1 24 | 60.7% | 19.4% |
营业利润率DOCNWEST
| Q4 25 | 16.0% | -2.6% | ||
| Q3 25 | 19.6% | -2.4% | ||
| Q2 25 | 16.3% | -5.3% | ||
| Q1 25 | 17.9% | -6.1% | ||
| Q4 24 | 15.9% | -4.3% | ||
| Q3 24 | 12.4% | -5.8% | ||
| Q2 24 | 11.6% | -7.9% | ||
| Q1 24 | 6.2% | -5.3% |
净利率DOCNWEST
| Q4 25 | 10.6% | -6.6% | ||
| Q3 25 | 69.0% | -5.4% | ||
| Q2 25 | 16.9% | -7.7% | ||
| Q1 25 | 18.1% | -12.7% | ||
| Q4 24 | 8.9% | -10.7% | ||
| Q3 24 | 16.6% | -6.5% | ||
| Q2 24 | 9.9% | -8.5% | ||
| Q1 24 | 7.7% | -12.3% |
每股收益（稀释后）DOCNWEST
| Q4 25 | $0.23 | $-0.22 | ||
| Q3 25 | $1.51 | $-0.20 | ||
| Q2 25 | $0.39 | $-0.23 | ||
| Q1 25 | $0.39 | $-0.29 | ||
| Q4 24 | $0.21 | $-0.26 | ||
| Q3 24 | $0.33 | $-0.16 | ||
| Q2 24 | $0.20 | $-0.20 | ||
| Q1 24 | $0.15 | $-0.27 |
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 | $49.9M |
| 总债务越低越好 | $1.3B | $444.1M |
| 股东权益账面价值 | $-28.7M | $-1.9M |
| 总资产 | $1.8B | $1.2B |
| 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DOCNWEST
| Q4 25 | $254.5M | $49.9M | ||
| Q3 25 | $236.6M | $34.0M | ||
| Q2 25 | $387.7M | $44.0M | ||
| Q1 25 | $360.4M | $33.1M | ||
| Q4 24 | $428.4M | $26.2M | ||
| Q3 24 | $439.9M | $22.4M | ||
| Q2 24 | $443.1M | $24.3M | ||
| Q1 24 | $419.1M | $12.6M |
总债务DOCNWEST
| Q4 25 | $1.3B | $444.1M | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | $393.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DOCNWEST
| Q4 25 | $-28.7M | $-1.9M | ||
| Q3 25 | $-69.6M | $11.4M | ||
| Q2 25 | $-175.2M | $18.2M | ||
| Q1 25 | $-210.7M | $71.4M | ||
| Q4 24 | $-203.0M | $97.5M | ||
| Q3 24 | $-211.7M | $110.3M | ||
| Q2 24 | $-253.8M | $81.5M | ||
| Q1 24 | $-286.1M | $91.7M |
总资产DOCNWEST
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.5B | $983.3M |
负债/权益比DOCNWEST
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.03× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $36.7M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $27.8M |
| 自由现金流率自由现金流/营收 | 12.8% | 8.2% |
| 资本支出强度资本支出/营收 | 10.8% | 2.6% |
| 现金转化率经营现金流/净利润 | 2.23× | — |
| 过去12个月自由现金流最近4个季度 | $180.5M | $-107.8M |
8季度趋势，按日历期对齐
经营现金流DOCNWEST
| Q4 25 | $57.3M | $36.7M | ||
| Q3 25 | $95.8M | $-26.6M | ||
| Q2 25 | $92.4M | $-7.0M | ||
| Q1 25 | $64.1M | $-22.1M | ||
| Q4 24 | $71.3M | $2.8M | ||
| Q3 24 | $73.4M | $-332.0K | ||
| Q2 24 | $71.3M | $-23.7M | ||
| Q1 24 | $66.7M | $8.0M |
自由现金流DOCNWEST
| Q4 25 | $31.1M | $27.8M | ||
| Q3 25 | $88.0M | $-44.7M | ||
| Q2 25 | $59.3M | $-27.5M | ||
| Q1 25 | $2.1M | $-63.4M | ||
| Q4 24 | $26.1M | $-15.4M | ||
| Q3 24 | $16.0M | $-36.7M | ||
| Q2 24 | $39.5M | $-59.9M | ||
| Q1 24 | $23.0M | $-60.9M |
自由现金流率DOCNWEST
| Q4 25 | 12.8% | 8.2% | ||
| Q3 25 | 38.3% | -12.6% | ||
| Q2 25 | 27.1% | -9.8% | ||
| Q1 25 | 1.0% | -29.7% | ||
| Q4 24 | 12.7% | -6.7% | ||
| Q3 24 | 8.1% | -16.6% | ||
| Q2 24 | 20.5% | -28.7% | ||
| Q1 24 | 12.5% | -31.7% |
资本支出强度DOCNWEST
| Q4 25 | 10.8% | 2.6% | ||
| Q3 25 | 3.4% | 5.1% | ||
| Q2 25 | 15.2% | 7.3% | ||
| Q1 25 | 29.4% | 19.3% | ||
| Q4 24 | 22.1% | 7.9% | ||
| Q3 24 | 28.9% | 16.5% | ||
| Q2 24 | 16.6% | 17.4% | ||
| Q1 24 | 23.6% | 35.8% |
现金转化率DOCNWEST
| Q4 25 | 2.23× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 2.50× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 3.91× | — | ||
| Q3 24 | 2.23× | — | ||
| Q2 24 | 3.73× | — | ||
| Q1 24 | 4.72× | — |
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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
