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DigitalOcean Holdings, Inc.（DOCN）与WisdomTree, Inc.（WT）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WisdomTree, Inc.的1.5倍（$242.4M vs $159.5M），WisdomTree, Inc.净利率更高（25.5% vs 10.6%，领先14.9%），WisdomTree, Inc.同比增速更快（47.5% vs 18.3%），过去两年WisdomTree, Inc.的营收复合增速更高（22.1% 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。
WisdomTree, Inc.是总部位于纽约的全球ETF（交易型开放式指数基金）及交易所交易产品发行方与资产管理机构，2006年6月推出首批ETF产品，目前是美国主流ETF供应商之一。其发行的ETF覆盖全球不同资产类别与地区市场，产品线涵盖美国及国际股票、货币、固定收益及另类投资等品类。
DOCN vs WT — 直观对比
营收规模更大
DOCN
是对方的1.5倍
$159.5M
营收增速更快
WT
高出29.3%
18.3%
净利率更高
WT
高出14.9%
10.6%
两年增速更快
WT
近两年复合增速
14.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $159.5M |
| 净利润 | $25.7M | $40.6M |
| 毛利率 | 58.7% | — |
| 营业利润率 | 16.0% | 37.2% |
| 净利率 | 10.6% | 25.5% |
| 营收同比 | 18.3% | 47.5% |
| 净利润同比 | 40.5% | 76.4% |
| 每股收益（稀释后） | $0.23 | $0.28 |
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DOCNWT
| Q1 26 | — | $159.5M | ||
| Q4 25 | $242.4M | $147.4M | ||
| Q3 25 | $229.6M | $125.6M | ||
| Q2 25 | $218.7M | $112.6M | ||
| Q1 25 | $210.7M | $108.1M | ||
| Q4 24 | $204.9M | $110.7M | ||
| Q3 24 | $198.5M | $113.2M | ||
| Q2 24 | $192.5M | $107.0M |
净利润DOCNWT
| Q1 26 | — | $40.6M | ||
| Q4 25 | $25.7M | $40.0M | ||
| Q3 25 | $158.4M | $19.7M | ||
| Q2 25 | $37.0M | $24.8M | ||
| Q1 25 | $38.2M | $24.6M | ||
| Q4 24 | $18.3M | $27.3M | ||
| Q3 24 | $32.9M | $-4.5M | ||
| Q2 24 | $19.1M | $21.8M |
毛利率DOCNWT
| Q1 26 | — | — | ||
| 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% | — |
营业利润率DOCNWT
| Q1 26 | — | 37.2% | ||
| Q4 25 | 16.0% | 40.5% | ||
| Q3 25 | 19.6% | 36.3% | ||
| Q2 25 | 16.3% | 30.8% | ||
| Q1 25 | 17.9% | 31.6% | ||
| Q4 24 | 15.9% | 31.7% | ||
| Q3 24 | 12.4% | 36.0% | ||
| Q2 24 | 11.6% | 31.3% |
净利率DOCNWT
| Q1 26 | — | 25.5% | ||
| Q4 25 | 10.6% | 27.1% | ||
| Q3 25 | 69.0% | 15.7% | ||
| Q2 25 | 16.9% | 22.0% | ||
| Q1 25 | 18.1% | 22.8% | ||
| Q4 24 | 8.9% | 24.7% | ||
| Q3 24 | 16.6% | -4.0% | ||
| Q2 24 | 9.9% | 20.3% |
每股收益（稀释后）DOCNWT
| Q1 26 | — | $0.28 | ||
| Q4 25 | $0.23 | $0.28 | ||
| Q3 25 | $1.51 | $0.13 | ||
| Q2 25 | $0.39 | $0.17 | ||
| Q1 25 | $0.39 | $0.17 | ||
| Q4 24 | $0.21 | $0.20 | ||
| Q3 24 | $0.33 | $-0.13 | ||
| Q2 24 | $0.20 | $0.13 |
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 | — |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $-28.7M | — |
| 总资产 | $1.8B | $1.8B |
| 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DOCNWT
| Q1 26 | — | — | ||
| Q4 25 | $254.5M | — | ||
| Q3 25 | $236.6M | — | ||
| Q2 25 | $387.7M | — | ||
| Q1 25 | $360.4M | — | ||
| Q4 24 | $428.4M | — | ||
| Q3 24 | $439.9M | — | ||
| Q2 24 | $443.1M | $132.5M |
总债务DOCNWT
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DOCNWT
| Q1 26 | — | — | ||
| Q4 25 | $-28.7M | $413.7M | ||
| Q3 25 | $-69.6M | $373.4M | ||
| Q2 25 | $-175.2M | $445.1M | ||
| Q1 25 | $-210.7M | $415.6M | ||
| Q4 24 | $-203.0M | $400.0M | ||
| Q3 24 | $-211.7M | $374.9M | ||
| Q2 24 | $-253.8M | $445.6M |
总资产DOCNWT
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.8B | $1.5B | ||
| Q3 25 | $1.7B | $1.4B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.5B | $964.1M |
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 | $18.0M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | — |
| 自由现金流率自由现金流/营收 | 12.8% | — |
| 资本支出强度资本支出/营收 | 10.8% | — |
| 现金转化率经营现金流/净利润 | 2.23× | 0.44× |
| 过去12个月自由现金流最近4个季度 | $180.5M | — |
8季度趋势，按日历期对齐
经营现金流DOCNWT
| Q1 26 | — | $18.0M | ||
| Q4 25 | $57.3M | $147.9M | ||
| Q3 25 | $95.8M | $48.1M | ||
| Q2 25 | $92.4M | $38.8M | ||
| Q1 25 | $64.1M | $6.4M | ||
| Q4 24 | $71.3M | $113.5M | ||
| Q3 24 | $73.4M | $47.7M | ||
| Q2 24 | $71.3M | $32.2M |
自由现金流DOCNWT
| Q1 26 | — | — | ||
| Q4 25 | $31.1M | $147.7M | ||
| Q3 25 | $88.0M | $48.0M | ||
| Q2 25 | $59.3M | $38.7M | ||
| Q1 25 | $2.1M | $6.3M | ||
| Q4 24 | $26.1M | $113.3M | ||
| Q3 24 | $16.0M | $47.7M | ||
| Q2 24 | $39.5M | $32.2M |
自由现金流率DOCNWT
| Q1 26 | — | — | ||
| Q4 25 | 12.8% | 100.2% | ||
| Q3 25 | 38.3% | 38.2% | ||
| Q2 25 | 27.1% | 34.4% | ||
| Q1 25 | 1.0% | 5.9% | ||
| Q4 24 | 12.7% | 102.4% | ||
| Q3 24 | 8.1% | 42.1% | ||
| Q2 24 | 20.5% | 30.1% |
资本支出强度DOCNWT
| Q1 26 | — | — | ||
| Q4 25 | 10.8% | 0.1% | ||
| Q3 25 | 3.4% | 0.0% | ||
| Q2 25 | 15.2% | 0.1% | ||
| Q1 25 | 29.4% | 0.0% | ||
| Q4 24 | 22.1% | 0.1% | ||
| Q3 24 | 28.9% | 0.0% | ||
| Q2 24 | 16.6% | 0.0% |
现金转化率DOCNWT
| Q1 26 | — | 0.44× | ||
| Q4 25 | 2.23× | 3.70× | ||
| Q3 25 | 0.60× | 2.44× | ||
| Q2 25 | 2.50× | 1.57× | ||
| Q1 25 | 1.68× | 0.26× | ||
| Q4 24 | 3.91× | 4.15× | ||
| Q3 24 | 2.23× | — | ||
| Q2 24 | 3.73× | 1.48× |
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% |
WT
| Advisory fees | $134.9M | 85% |
| Other | $6.1M | 4% |
| Third-party distribution fees | $5.8M | 4% |
| Management fees | $5.2M | 3% |
| Sales and business development | $4.2M | 3% |
| Professional fees | $3.3M | 2% |
