DigitalOcean DOCN Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 59.9%+0.2pp | 59.7%+2.3pp | 57.4%-5.9pp | 63.2%+3.0pp | |
| Operating margin | 17.4%+5.8pp | 11.7%+9.9pp | 1.7%+6.2pp | -4.5%-1.8pp | |
| Net margin | 28.8%+17.9pp | 10.8%+8.0pp | 2.8%+7.6pp | -4.8%-0.2pp | |
| EBITDA margin | 32.7%+4.3pp | 28.3%+9.6pp | 18.7%+5.4pp | 13.3%-4.7pp | |
| Free cash flow margin | 20%+6.6pp | 13.4%-3.3pp | 16.7%+1.3pp | 15.4%+7.0pp | |
| Returns | |||||
| Return on assets | 14.9%+9.5pp | 5.5%+4.3pp | 1.2%+2.6pp | -1.4%+0.1pp | |
| Return on invested capital | 12.7%+5.1pp | 7.5%+6.8pp | 0.7%+3.4pp | -2.8%+2.7pp | |
| Efficiency | |||||
| Asset turnover | 0.5×0.0× | 0.5×+0.1× | 0.4×+0.1× | 0.3×0.0× | |
| Liquidity | |||||
| Current ratio | 0.7×-1.8× | 2.5×-0.2× | 2.6×-3.1× | 5.7×-24.7× | |
| Quick ratio | 0.7×-1.8× | 2.5×-0.2× | 2.6×-3.1× | 5.7×-24.7× | |
| Cash ratio | 0.4×-1.5× | 1.9×+0.3× | 1.7×+0.7× | 0.9×-28.5× | |
| Leverage | |||||
| Debt-to-assets | 0.9×-0.1× | 1×-0.1× | 1.1×+0.2× | 0.9×+0.2× | |
| Net debt / EBITDA | 4.9×-0.8× | 5.7×-4.6× | 10.4×-9.0× | 19.4×+22.7× | |
| Interest coverage | 8.8×-1.2× | 10×+8.7× | 1.3×+4.4× | -3.1×-0.1× | |
| Per Share | |||||
| Book value per share | -$0.27+87.3% | -$2.15+36.9% | -$3.41-822% | $0.47-92.4% | |
| Valuation | |||||
| Market capitalization | $4.4B+40.0% | $3.14B-2.5% | $3.23B+31.3% | $2.46B-71.4% | |
| Enterprise value | $5.85B+32.6% | $4.41B-3.5% | $4.57B+16.0% | $3.94B-52.8% | |
| Price / earnings | 17×-20.2× | 37.2×-129× | 166.2×— | —— | |
| Price / sales | 4.9×+0.9× | 4×-0.6× | 4.7×+0.4× | 4.3×-15.8× | |
| EV / EBITDA | 19.9×-0.1× | 19.9×-15.3× | 35.2×-16.3× | 51.5×-56.6× | |
| EV / sales | 6.5×+0.8× | 5.6×-0.9× | 6.6×-0.2× | 6.8×-12.6× | |
| Free cash flow yield | 4.1%+0.8pp | 3.3%-0.3pp | 3.6%0.0pp | 3.6%+3.2pp | |
| Earnings yield | 5.9%+3.2pp | 2.7%+2.1pp | 0.6%+1.7pp | -1.1%-0.9pp | |
| PEG ratio | 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.
