DigitalOcean DOCN Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 58.5%-1.4pp | 59.9%-0.7pp | 60.6%+0.2pp | 60.4%+0.1pp | 60.3%+0.6pp | |
| Operating margin | 16.4%-1.0pp | 17.4%0.0pp | 17.4%+1.8pp | 15.7%+1.1pp | 14.5%+2.9pp | |
| Net margin | 25%-3.8pp | 28.8%-0.4pp | 29.2%+14.0pp | 15.2%+1.7pp | 13.5%+2.6pp | |
| Returns | ||||||
| Return on invested capital | 11.9%-0.7pp | 12.7%-0.7pp | 13.3%+2.5pp | 10.8%+1.2pp | 9.6%+2.1pp | |
| Efficiency | ||||||
| Asset turnover | 0.5×-0.1× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | |
| Liquidity | ||||||
| Current ratio | 1.5×+0.8× | 0.7×-0.4× | 1.1×-1.1× | 2.3×-0.1× | 2.4×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 1.5×— | —— | —— | —— | —— | |
| Net debt / EBITDA | 1.8×-3.1× | 4.9×0.0× | 4.9×-0.4× | 5.3×-0.3× | 5.6×-0.1× | |
| Per Share | ||||||
| Book value per share | $7.93+3,012% | -$0.27+58.7% | -$0.66+62.1% | -$1.74+15.4% | -$2.06+4.2% | |
| Valuation | ||||||
| Market capitalization | $8.92B+103% | $4.4B+41.6% | $3.11B+21.7% | $2.56B-16.8% | $3.07B-2.2% | |
| Price / earnings | 37.6×+20.7× | 17×+4.6× | 12.3×-7.9× | 20.2×-8.1× | 28.3×-8.9× | |
| Price / sales | 9.4×+4.5× | 4.9×+1.3× | 3.6×+0.5× | 3.1×-0.7× | 3.8×-0.2× | |
| Price / book | 10×— | —— | —— | —— | —— | |
| EV / EBITDA | 30.6×+10.7× | 19.9×+3.7× | 16.1×+0.9× | 15.3×-2.9× | 18.2×-1.7× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are DigitalOcean's profit margins?
- DigitalOcean (DOCN) runs a 58.5% gross margin and a 16.4% operating margin, with a 25.0% net margin.
- Where do DigitalOcean's ratios come from?
- Every ratio is computed from DigitalOcean's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
