DigitalOcean DOCN Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 58.5%-1.8pp | 59.9%+0.2pp | 60.6%+2.0pp | 60.4%+1.9pp | 60.3%+1.9pp | |
| Operating margin | 16.4%+1.9pp | 17.4%+5.8pp | 17.4%+8.3pp | 15.7%+4.7pp | 14.5%+6.6pp | |
| Net margin | 25%+11.5pp | 28.8%+17.9pp | 29.2%+18.3pp | 15.2%+5.9pp | 13.5%+6.5pp | |
| EBITDA margin | 32.6%+2.3pp | 32.7%+4.3pp | 32.1%+5.5pp | 30.9%+2.8pp | 30.3%+5.4pp | |
| Free cash flow margin | 19.5%+9.2pp | 20%+6.6pp | 20.3%+6.2pp | 12.4%-4.5pp | 10.4%-7.3pp | |
| Returns | ||||||
| Return on assets | 11.2%+4.3pp | 14.9%+9.5pp | 15.5%+9.9pp | 7.8%+3.3pp | 6.9%+3.7pp | |
| Return on invested capital | 11.9%+2.3pp | 12.7%+5.1pp | 13.3%+7.0pp | 10.8%+5.3pp | 9.6%+6.2pp | |
| Efficiency | ||||||
| Asset turnover | 0.5×-0.1× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×+0.1× | |
| Liquidity | ||||||
| Current ratio | 1.5×-1.0× | 0.7×-1.8× | 1.1×-2.0× | 2.3×-0.2× | 2.4×-0.3× | |
| Quick ratio | 1.5×-1.0× | 0.7×-1.8× | 1.1×-2.0× | 2.3×-0.2× | 2.4×-0.3× | |
| Cash ratio | 1.1×-0.7× | 0.4×-1.5× | 0.7×-1.8× | 1.7×-0.3× | 1.8×-0.4× | |
| Leverage | ||||||
| Debt-to-assets | 0.5×-0.6× | 0.9×-0.1× | 0.9×-0.1× | 1×0.0× | 1.1×-0.1× | |
| Net debt / EBITDA | 1.8×-3.8× | 4.9×-0.8× | 4.9×-1.0× | 5.3×-0.4× | 5.6×-1.3× | |
| Interest coverage | 5.9×-7.1× | 8.8×-1.2× | 12.9×+5.3× | 14.6×+5.9× | 13×+6.8× | |
| Per Share | ||||||
| Book value per share | $7.93+485% | -$0.27+87.3% | -$0.66+68.0% | -$1.74+35.6% | -$2.06+32.5% | |
| Valuation | ||||||
| Market capitalization | $8.92B+190% | $4.4B+40.0% | $3.11B-15.7% | $2.56B-19.0% | $3.07B-8.4% | |
| Enterprise value | $9.47B+113% | $5.85B+32.6% | $4.47B-8.2% | $3.93B-9.6% | $4.45B-3.0% | |
| Price / earnings | 37.6×+9.3× | 17×-20.2× | 12.3×-32.5× | 20.2×— | 28.3×— | |
| Price / sales | 9.4×+5.6× | 4.9×+0.9× | 3.6×-1.3× | 3.1×-1.2× | 3.8×-0.9× | |
| EV / EBITDA | 30.6×+12.4× | 19.9×-0.1× | 16.1×-8.1× | 15.3×-5.8× | 18.2×-7.7× | |
| EV / sales | 10×+4.5× | 6.5×+0.8× | 5.2×-1.3× | 4.7×-1.2× | 5.5×-0.9× | |
| Free cash flow yield | 2.1%-0.6pp | 4.1%+0.8pp | 5.6%+2.7pp | 4%+0.1pp | 2.7%-1.0pp | |
| Earnings yield | 2.7%-0.9pp | 5.9%+3.2pp | 8.1%+5.9pp | 4.9%+2.8pp | 3.5%+2.0pp | |
| PEG ratio | 0.3×— | 0.1×— | 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.
