DigitalOcean DOCN Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM 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 | |
| EBITDA margin | 32.6%0.0pp | 32.7%+0.6pp | 32.1%+1.2pp | 30.9%+0.6pp | 30.3%+2.0pp | |
| Free cash flow margin | 19.5%-0.5pp | 20%-0.3pp | 20.3%+7.9pp | 12.4%+2.0pp | 10.4%-3.0pp | |
| Returns | ||||||
| Return on assets | 11.2%-3.7pp | 14.9%-0.6pp | 15.5%+7.7pp | 7.8%+0.8pp | 6.9%+1.5pp | |
| 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× | |
| Quick ratio | 1.5×+0.8× | 0.7×-0.4× | 1.1×-1.1× | 2.3×-0.1× | 2.4×0.0× | |
| Cash ratio | 1.1×+0.7× | 0.4×-0.3× | 0.7×-1.0× | 1.7×-0.1× | 1.8×-0.1× | |
| Leverage | ||||||
| Debt-to-assets | 0.5×-0.4× | 0.9×0.0× | 0.9×-0.1× | 1×0.0× | 1.1×0.0× | |
| Net debt / EBITDA | 1.8×-3.1× | 4.9×0.0× | 4.9×-0.4× | 5.3×-0.3× | 5.6×-0.1× | |
| Interest coverage | 5.9×-2.8× | 8.8×-4.1× | 12.9×-1.7× | 14.6×+1.6× | 13×+3.0× | |
| 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% | |
| Enterprise value | $9.47B+62.0% | $5.85B+30.8% | $4.47B+13.7% | $3.93B-11.8% | $4.45B+1.0% | |
| 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× | |
| EV / EBITDA | 30.6×+10.7× | 19.9×+3.7× | 16.1×+0.9× | 15.3×-2.9× | 18.2×-1.7× | |
| EV / sales | 10×+3.5× | 6.5×+1.3× | 5.2×+0.5× | 4.7×-0.8× | 5.5×-0.1× | |
| Free cash flow yield | 2.1%-2.0pp | 4.1%-1.5pp | 5.6%+1.6pp | 4%+1.3pp | 2.7%-0.6pp | |
| Earnings yield | 2.7%-3.2pp | 5.9%-2.2pp | 8.1%+3.2pp | 4.9%+1.4pp | 3.5%+0.8pp | |
| PEG ratio | 0.3×+0.2× | 0.1×0.0× | 0.1×— | —— | —— |
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.
