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DigitalOcean DOCN Ratios & Valuation

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Gross margin58.5%-1.4pp59.9%-0.7pp60.6%+0.2pp60.4%+0.1pp60.3%+0.6pp
Operating margin16.4%-1.0pp17.4%0.0pp17.4%+1.8pp15.7%+1.1pp14.5%+2.9pp
Net margin25%-3.8pp28.8%-0.4pp29.2%+14.0pp15.2%+1.7pp13.5%+2.6pp
EBITDA margin32.6%0.0pp32.7%+0.6pp32.1%+1.2pp30.9%+0.6pp30.3%+2.0pp
Free cash flow margin19.5%-0.5pp20%-0.3pp20.3%+7.9pp12.4%+2.0pp10.4%-3.0pp
Returns
Return on assets11.2%-3.7pp14.9%-0.6pp15.5%+7.7pp7.8%+0.8pp6.9%+1.5pp
Return on invested capital11.9%-0.7pp12.7%-0.7pp13.3%+2.5pp10.8%+1.2pp9.6%+2.1pp
Efficiency
Asset turnover0.5×-0.1×0.5×0.0×0.5×0.0×0.5×0.0×0.5×0.0×
Liquidity
Current ratio1.5×+0.8×0.7×-0.4×1.1×-1.1×2.3×-0.1×2.4×0.0×
Quick ratio1.5×+0.8×0.7×-0.4×1.1×-1.1×2.3×-0.1×2.4×0.0×
Cash ratio1.1×+0.7×0.4×-0.3×0.7×-1.0×1.7×-0.1×1.8×-0.1×
Leverage
Debt-to-assets0.5×-0.4×0.9×0.0×0.9×-0.1×0.0×1.1×0.0×
Net debt / EBITDA1.8×-3.1×4.9×0.0×4.9×-0.4×5.3×-0.3×5.6×-0.1×
Interest coverage5.9×-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 / earnings37.6×+20.7×17×+4.6×12.3×-7.9×20.2×-8.1×28.3×-8.9×
Price / sales9.4×+4.5×4.9×+1.3×3.6×+0.5×3.1×-0.7×3.8×-0.2×
EV / EBITDA30.6×+10.7×19.9×+3.7×16.1×+0.9×15.3×-2.9×18.2×-1.7×
EV / sales10×+3.5×6.5×+1.3×5.2×+0.5×4.7×-0.8×5.5×-0.1×
Free cash flow yield2.1%-2.0pp4.1%-1.5pp5.6%+1.6pp4%+1.3pp2.7%-0.6pp
Earnings yield2.7%-3.2pp5.9%-2.2pp8.1%+3.2pp4.9%+1.4pp3.5%+0.8pp
PEG ratio0.3×+0.2×0.1×0.0×0.1×

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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.