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DigitalOcean DOCN Free cash flow margin

Free cash flow margin at other companies

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MicrosoftMSFT
22.9%-2.8pp
Amazon logo
AmazonAMZN
1.4%-1.8pp
Akamai Technologies logo
Akamai TechnologiesAKAM
25.5%+0.5pp
Snowflake logo
SnowflakeSNOW
23.2%+3.5pp
CoreWeave, Inc.
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CoreWeave, Inc. CRWV
-170.5%-48.0pp
International Business Machines logo
International Business MachinesIBM
18.7%-1.3pp

Other financials

Income statement

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Revenue$257.9M+22.4%
Gross profit$144.7M+11.8%
Operating income$36.6M-2.8%
Net income$15.8M-58.7%
EPS (diluted)$0.15-61.5%

Balance sheet

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Cash & equivalents$741.5M+105%
Total debt$1.3B-25.4%
Total equity$887.4M+521%
Total assets$2.6B+56.6%

Cash flow

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Operating cash flow$46.9M-26.8%
CapEx$40.0M-35.5%
Free cash flow$6.9M+226%

Valuation

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Market cap$18.08B+190%
Enterprise value$18.64B+113%
P/E76.4×+18.9×
P/S19.1×+11.3×

Profitability

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Gross margin58.5%-1.8pp
Operating margin16.4%+1.9pp
Net margin25%+11.5pp

Returns & leverage

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Return on equity-8.8%
Debt / equity1.5×
Current ratio1.5×-1.0×

Where this comes from

Calculated from DigitalOcean’s reported figures.

Based on trailing twelve months.

The official record: DigitalOcean’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is DigitalOcean's free cash flow margin?
DigitalOcean (DOCN) reported free cash flow margin of 19.5% in Q1 2026.
How has DigitalOcean's free cash flow margin changed year-over-year?
DigitalOcean's free cash flow margin increased by 88.4% year-over-year, from 10.4% to 19.5%.
What is the long-term trend for DigitalOcean's free cash flow margin?
Over 5 years (2020 to 2025), DigitalOcean's free cash flow margin has grown at a 9.0% compound annual growth rate (CAGR), from -13% to 20%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.