vs
DigitalOcean Holdings, Inc.（DOCN）与Xometry, Inc.（XMTR）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Xometry, Inc.的1.3倍（$242.4M vs $192.4M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs -4.5%，领先15.1%），Xometry, Inc.同比增速更快（29.5% vs 18.3%），DigitalOcean Holdings, Inc.自由现金流更多（$31.1M vs $-5.9M），过去两年Xometry, Inc.的营收复合增速更高（25.2% 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。
Xometry是一家按需制造零部件采购线上平台，服务覆盖原型研发到规模化生产的全流程需求，为各行业客户高效匹配制造产能，简化定制零部件的采购流程，助力企业缩短产品落地周期。
DOCN vs XMTR — 直观对比
营收规模更大
DOCN
是对方的1.3倍
$192.4M
营收增速更快
XMTR
高出11.2%
18.3%
净利率更高
DOCN
高出15.1%
-4.5%
自由现金流更多
DOCN
多$37.0M
$-5.9M
两年增速更快
XMTR
近两年复合增速
14.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $192.4M |
| 净利润 | $25.7M | $-8.6M |
| 毛利率 | 58.7% | 39.1% |
| 营业利润率 | 16.0% | -4.6% |
| 净利率 | 10.6% | -4.5% |
| 营收同比 | 18.3% | 29.5% |
| 净利润同比 | 40.5% | 12.7% |
| 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
营收DOCNXMTR
| Q4 25 | $242.4M | $192.4M | ||
| Q3 25 | $229.6M | $180.7M | ||
| Q2 25 | $218.7M | $162.5M | ||
| Q1 25 | $210.7M | $151.0M | ||
| Q4 24 | $204.9M | $148.5M | ||
| Q3 24 | $198.5M | $141.7M | ||
| Q2 24 | $192.5M | $132.6M | ||
| Q1 24 | $184.7M | $122.7M |
净利润DOCNXMTR
| Q4 25 | $25.7M | $-8.6M | ||
| Q3 25 | $158.4M | $-11.6M | ||
| Q2 25 | $37.0M | $-26.4M | ||
| Q1 25 | $38.2M | $-15.1M | ||
| Q4 24 | $18.3M | $-9.9M | ||
| Q3 24 | $32.9M | $-10.2M | ||
| Q2 24 | $19.1M | $-13.7M | ||
| Q1 24 | $14.1M | $-16.6M |
毛利率DOCNXMTR
| Q4 25 | 58.7% | 39.1% | ||
| Q3 25 | 59.6% | 39.9% | ||
| Q2 25 | 59.9% | 40.1% | ||
| Q1 25 | 61.4% | 37.3% | ||
| Q4 24 | 57.1% | 39.7% | ||
| Q3 24 | 60.2% | 39.4% | ||
| Q2 24 | 61.0% | 39.9% | ||
| Q1 24 | 60.7% | 39.0% |
营业利润率DOCNXMTR
| Q4 25 | 16.0% | -4.6% | ||
| Q3 25 | 19.6% | -6.1% | ||
| Q2 25 | 16.3% | -6.3% | ||
| Q1 25 | 17.9% | -10.2% | ||
| Q4 24 | 15.9% | -7.8% | ||
| Q3 24 | 12.4% | -8.1% | ||
| Q2 24 | 11.6% | -11.5% | ||
| Q1 24 | 6.2% | -14.6% |
净利率DOCNXMTR
| Q4 25 | 10.6% | -4.5% | ||
| Q3 25 | 69.0% | -6.4% | ||
| Q2 25 | 16.9% | -16.3% | ||
| Q1 25 | 18.1% | -10.0% | ||
| Q4 24 | 8.9% | -6.7% | ||
| Q3 24 | 16.6% | -7.2% | ||
| Q2 24 | 9.9% | -10.3% | ||
| Q1 24 | 7.7% | -13.5% |
每股收益（稀释后）DOCNXMTR
| 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 | $219.1M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $-28.7M | $275.6M |
| 总资产 | $1.8B | $703.7M |
| 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DOCNXMTR
| Q4 25 | $254.5M | $219.1M | ||
| Q3 25 | $236.6M | $224.5M | ||
| Q2 25 | $387.7M | $225.8M | ||
| Q1 25 | $360.4M | $231.4M | ||
| Q4 24 | $428.4M | $239.8M | ||
| Q3 24 | $439.9M | $234.0M | ||
| Q2 24 | $443.1M | $240.9M | ||
| Q1 24 | $419.1M | $253.8M |
总债务DOCNXMTR
| 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DOCNXMTR
| Q4 25 | $-28.7M | $275.6M | ||
| Q3 25 | $-69.6M | $272.0M | ||
| Q2 25 | $-175.2M | $270.4M | ||
| Q1 25 | $-210.7M | $309.9M | ||
| Q4 24 | $-203.0M | $314.5M | ||
| Q3 24 | $-211.7M | $315.2M | ||
| Q2 24 | $-253.8M | $315.8M | ||
| Q1 24 | $-286.1M | $320.4M |
总资产DOCNXMTR
| Q4 25 | $1.8B | $703.7M | ||
| Q3 25 | $1.7B | $698.9M | ||
| Q2 25 | $1.7B | $687.0M | ||
| Q1 25 | $1.6B | $690.1M | ||
| Q4 24 | $1.6B | $680.1M | ||
| Q3 24 | $1.5B | $678.2M | ||
| Q2 24 | $1.5B | $678.6M | ||
| Q1 24 | $1.5B | $692.5M |
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 | $4.4M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $-5.9M |
| 自由现金流率自由现金流/营收 | 12.8% | -3.0% |
| 资本支出强度资本支出/营收 | 10.8% | 5.3% |
| 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 | $-24.1M |
8季度趋势，按日历期对齐
经营现金流DOCNXMTR
| Q4 25 | $57.3M | $4.4M | ||
| Q3 25 | $95.8M | $5.8M | ||
| Q2 25 | $92.4M | $-427.0K | ||
| Q1 25 | $64.1M | $-3.7M | ||
| Q4 24 | $71.3M | $9.1M | ||
| Q3 24 | $73.4M | $-3.6M | ||
| Q2 24 | $71.3M | $-9.1M | ||
| Q1 24 | $66.7M | $-11.7M |
自由现金流DOCNXMTR
| Q4 25 | $31.1M | $-5.9M | ||
| Q3 25 | $88.0M | $-1.7M | ||
| Q2 25 | $59.3M | $-7.4M | ||
| Q1 25 | $2.1M | $-9.2M | ||
| Q4 24 | $26.1M | $4.5M | ||
| Q3 24 | $16.0M | $-8.4M | ||
| Q2 24 | $39.5M | $-13.5M | ||
| Q1 24 | $23.0M | $-16.1M |
自由现金流率DOCNXMTR
| Q4 25 | 12.8% | -3.0% | ||
| Q3 25 | 38.3% | -0.9% | ||
| Q2 25 | 27.1% | -4.5% | ||
| Q1 25 | 1.0% | -6.1% | ||
| Q4 24 | 12.7% | 3.1% | ||
| Q3 24 | 8.1% | -6.0% | ||
| Q2 24 | 20.5% | -10.2% | ||
| Q1 24 | 12.5% | -13.1% |
资本支出强度DOCNXMTR
| Q4 25 | 10.8% | 5.3% | ||
| Q3 25 | 3.4% | 4.1% | ||
| Q2 25 | 15.2% | 4.3% | ||
| Q1 25 | 29.4% | 3.6% | ||
| Q4 24 | 22.1% | 3.1% | ||
| Q3 24 | 28.9% | 3.4% | ||
| Q2 24 | 16.6% | 3.3% | ||
| Q1 24 | 23.6% | 3.5% |
现金转化率DOCNXMTR
| 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% |
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
