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DigitalOcean Holdings, Inc.（DOCN）与ZIFF DAVIS, INC.（ZD）财务数据对比。点击上方公司名可切换其他公司
ZIFF DAVIS, INC.的季度营收约是DigitalOcean Holdings, Inc.的1.7倍（$406.7M vs $242.4M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs 0.1%，领先10.5%），DigitalOcean Holdings, Inc.同比增速更快（18.3% vs -1.5%），ZIFF DAVIS, INC.自由现金流更多（$157.8M vs $31.1M），过去两年DigitalOcean Holdings, Inc.的营收复合增速更高（14.5% vs 13.7%）
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。
齐夫戴维斯是美国知名数字媒体及互联网企业，由威廉·伯纳德·齐夫一世与伯纳德·乔治·戴维斯于1927年创立。公司核心业务涵盖科技、健康类媒体网站，线上购物相关服务，互联网接入服务，游戏娱乐品牌，以及网络安全和营销技术工具，早年曾以爱好者类杂志出版为主要业务。
DOCN vs ZD — 直观对比
营收规模更大
ZD
是对方的1.7倍
$242.4M
营收增速更快
DOCN
高出19.8%
-1.5%
净利率更高
DOCN
高出10.5%
0.1%
自由现金流更多
ZD
多$126.6M
$31.1M
两年增速更快
DOCN
近两年复合增速
13.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $406.7M |
| 净利润 | $25.7M | $370.0K |
| 毛利率 | 58.7% | 85.9% |
| 营业利润率 | 16.0% | 21.2% |
| 净利率 | 10.6% | 0.1% |
| 营收同比 | 18.3% | -1.5% |
| 净利润同比 | 40.5% | -99.4% |
| 每股收益（稀释后） | $0.23 | $0.06 |
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DOCNZD
| Q4 25 | $242.4M | $406.7M | ||
| Q3 25 | $229.6M | $363.7M | ||
| Q2 25 | $218.7M | $352.2M | ||
| Q1 25 | $210.7M | $328.6M | ||
| Q4 24 | $204.9M | $412.8M | ||
| Q3 24 | $198.5M | $353.6M | ||
| Q2 24 | $192.5M | $320.8M | ||
| Q1 24 | $184.7M | $314.5M |
净利润DOCNZD
| Q4 25 | $25.7M | $370.0K | ||
| Q3 25 | $158.4M | $-3.6M | ||
| Q2 25 | $37.0M | $26.3M | ||
| Q1 25 | $38.2M | $24.2M | ||
| Q4 24 | $18.3M | $64.1M | ||
| Q3 24 | $32.9M | $-48.6M | ||
| Q2 24 | $19.1M | $36.9M | ||
| Q1 24 | $14.1M | $10.6M |
毛利率DOCNZD
| Q4 25 | 58.7% | 85.9% | ||
| Q3 25 | 59.6% | 85.4% | ||
| Q2 25 | 59.9% | 86.1% | ||
| Q1 25 | 61.4% | 85.6% | ||
| Q4 24 | 57.1% | 87.1% | ||
| Q3 24 | 60.2% | 85.5% | ||
| Q2 24 | 61.0% | 84.4% | ||
| Q1 24 | 60.7% | 85.4% |
营业利润率DOCNZD
| Q4 25 | 16.0% | 21.2% | ||
| Q3 25 | 19.6% | 7.8% | ||
| Q2 25 | 16.3% | 9.5% | ||
| Q1 25 | 17.9% | 10.7% | ||
| Q4 24 | 15.9% | 19.0% | ||
| Q3 24 | 12.4% | -8.3% | ||
| Q2 24 | 11.6% | 8.9% | ||
| Q1 24 | 6.2% | 11.4% |
净利率DOCNZD
| Q4 25 | 10.6% | 0.1% | ||
| Q3 25 | 69.0% | -1.0% | ||
| Q2 25 | 16.9% | 7.5% | ||
| Q1 25 | 18.1% | 7.4% | ||
| Q4 24 | 8.9% | 15.5% | ||
| Q3 24 | 16.6% | -13.7% | ||
| Q2 24 | 9.9% | 11.5% | ||
| Q1 24 | 7.7% | 3.4% |
每股收益（稀释后）DOCNZD
| Q4 25 | $0.23 | $0.06 | ||
| Q3 25 | $1.51 | $-0.09 | ||
| Q2 25 | $0.39 | $0.62 | ||
| Q1 25 | $0.39 | $0.56 | ||
| Q4 24 | $0.21 | $1.53 | ||
| Q3 24 | $0.33 | $-1.11 | ||
| Q2 24 | $0.20 | $0.77 | ||
| Q1 24 | $0.15 | $0.23 |
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 | $607.0M |
| 总债务越低越好 | $1.3B | $866.5M |
| 股东权益账面价值 | $-28.7M | $1.8B |
| 总资产 | $1.8B | $3.7B |
| 负债/权益比越低杠杆越低 | — | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资DOCNZD
| Q4 25 | $254.5M | $607.0M | ||
| Q3 25 | $236.6M | $503.4M | ||
| Q2 25 | $387.7M | $457.3M | ||
| Q1 25 | $360.4M | $431.0M | ||
| Q4 24 | $428.4M | $505.9M | ||
| Q3 24 | $439.9M | $386.1M | ||
| Q2 24 | $443.1M | $687.2M | ||
| Q1 24 | $419.1M | $751.2M |
总债务DOCNZD
| Q4 25 | $1.3B | $866.5M | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | $864.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DOCNZD
| Q4 25 | $-28.7M | $1.8B | ||
| Q3 25 | $-69.6M | $1.8B | ||
| Q2 25 | $-175.2M | $1.8B | ||
| Q1 25 | $-210.7M | $1.8B | ||
| Q4 24 | $-203.0M | $1.8B | ||
| Q3 24 | $-211.7M | $1.8B | ||
| Q2 24 | $-253.8M | $1.9B | ||
| Q1 24 | $-286.1M | $1.9B |
总资产DOCNZD
| Q4 25 | $1.8B | $3.7B | ||
| Q3 25 | $1.7B | $3.5B | ||
| Q2 25 | $1.7B | $3.5B | ||
| Q1 25 | $1.6B | $3.5B | ||
| Q4 24 | $1.6B | $3.7B | ||
| Q3 24 | $1.5B | $3.4B | ||
| Q2 24 | $1.5B | $3.7B | ||
| Q1 24 | $1.5B | $3.7B |
负债/权益比DOCNZD
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.48× | ||
| 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 | $191.1M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $157.8M |
| 自由现金流率自由现金流/营收 | 12.8% | 38.8% |
| 资本支出强度资本支出/营收 | 10.8% | 8.2% |
| 现金转化率经营现金流/净利润 | 2.23× | 516.44× |
| 过去12个月自由现金流最近4个季度 | $180.5M | $287.9M |
8季度趋势，按日历期对齐
经营现金流DOCNZD
| Q4 25 | $57.3M | $191.1M | ||
| Q3 25 | $95.8M | $138.3M | ||
| Q2 25 | $92.4M | $57.1M | ||
| Q1 25 | $64.1M | $20.6M | ||
| Q4 24 | $71.3M | $158.2M | ||
| Q3 24 | $73.4M | $106.0M | ||
| Q2 24 | $71.3M | $50.6M | ||
| Q1 24 | $66.7M | $75.6M |
自由现金流DOCNZD
| Q4 25 | $31.1M | $157.8M | ||
| Q3 25 | $88.0M | $108.2M | ||
| Q2 25 | $59.3M | $26.9M | ||
| Q1 25 | $2.1M | $-5.0M | ||
| Q4 24 | $26.1M | $131.1M | ||
| Q3 24 | $16.0M | $80.1M | ||
| Q2 24 | $39.5M | $25.1M | ||
| Q1 24 | $23.0M | $47.4M |
自由现金流率DOCNZD
| Q4 25 | 12.8% | 38.8% | ||
| Q3 25 | 38.3% | 29.7% | ||
| Q2 25 | 27.1% | 7.6% | ||
| Q1 25 | 1.0% | -1.5% | ||
| Q4 24 | 12.7% | 31.8% | ||
| Q3 24 | 8.1% | 22.7% | ||
| Q2 24 | 20.5% | 7.8% | ||
| Q1 24 | 12.5% | 15.1% |
资本支出强度DOCNZD
| Q4 25 | 10.8% | 8.2% | ||
| Q3 25 | 3.4% | 8.3% | ||
| Q2 25 | 15.2% | 8.6% | ||
| Q1 25 | 29.4% | 7.8% | ||
| Q4 24 | 22.1% | 6.6% | ||
| Q3 24 | 28.9% | 7.3% | ||
| Q2 24 | 16.6% | 8.0% | ||
| Q1 24 | 23.6% | 8.9% |
现金转化率DOCNZD
| Q4 25 | 2.23× | 516.44× | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 2.50× | 2.17× | ||
| Q1 25 | 1.68× | 0.85× | ||
| Q4 24 | 3.91× | 2.47× | ||
| Q3 24 | 2.23× | — | ||
| Q2 24 | 3.73× | 1.37× | ||
| Q1 24 | 4.72× | 7.11× |
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% |
ZD
| Health And Wellness | $114.8M | 28% |
| Technology And Shopping | $108.9M | 27% |
| Cybersecurity And Martech Segment | $70.9M | 17% |
| Connectivity | $60.3M | 15% |
| Gaming And Entertainment | $51.7M | 13% |
| Subscription And Licensing | $2.9M | 1% |
