8 years of historical data (2018–2025) · Technology · Software - Infrastructure
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
DigitalOcean Holdings, Inc. trades at 22.2x earnings, 72% below its 5-year average of 80.3x, sitting at the 33rd percentile of its historical range. Compared to the Technology sector median P/E of 25.2x, the stock trades at a discount of 12%. On a free-cash-flow basis, the stock trades at 16.6x P/FCF, 82% below the 5-year average of 95.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.2B | $5.1B | $3.2B | $3.5B | $2.6B | $8.6B | — | — | — |
| Enterprise Value | $5.6B | $5.5B | $4.5B | $4.9B | $4.1B | $8.4B | — | — | — |
| P/E Ratio → | 22.25 | 19.10 | 38.28 | 183.45 | — | — | — | — | — |
| P/S Ratio | 5.72 | 5.62 | 4.12 | 5.11 | 4.46 | 20.10 | — | — | — |
| P/B Ratio | — | — | — | — | 53.97 | 14.89 | — | — | — |
| P/FCF | 16.65 | 16.37 | 33.47 | 32.12 | 34.26 | 358.61 | — | — | — |
| P/OCF | 16.65 | 16.37 | 11.39 | 15.06 | 13.16 | 64.70 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
DigitalOcean Holdings, Inc.'s enterprise value stands at 19.1x EBITDA, 60% below its 5-year average of 47.6x. The Technology sector median is 15.7x, placing the stock at a 21% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.15 | 5.75 | 7.04 | 7.05 | 19.51 | — | — | — |
| EV / EBITDA | 19.12 | 18.83 | 20.30 | 37.57 | 53.08 | 108.33 | — | — | — |
| EV / EBIT | 35.87 | 24.69 | 42.00 | 136.49 | — | — | — | — | — |
| EV / FCF | — | 17.91 | 46.64 | 44.27 | 54.21 | 348.17 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
DigitalOcean Holdings, Inc. earns an operating margin of 17.4%. Operating margins have expanded from 1.7% to 17.4% over the past 3 years, signaling improving operational efficiency. ROIC of 15.6% represents solid returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.9% | 59.9% | 59.7% | 59.0% | 63.2% | 60.2% | 54.3% | 52.0% | 52.2% |
| Operating Margin | 17.4% | 17.4% | 11.7% | 1.7% | -4.5% | -2.6% | -5.0% | -11.7% | -13.4% |
| Net Profit Margin | 28.8% | 28.8% | 10.8% | 2.8% | -4.8% | -4.6% | -13.7% | -15.9% | -17.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | -8.9% | -7.7% | — | -79.2% | — |
| ROA | 14.9% | 14.9% | 5.5% | 1.2% | -1.4% | -1.5% | -11.9% | -14.8% | -14.7% |
| ROIC | 15.6% | 15.6% | 6.5% | 0.7% | -2.1% | -4.0% | -8.0% | -17.4% | -41.7% |
| ROCE | 11.9% | 11.9% | 6.8% | 0.8% | -1.4% | -0.9% | -5.5% | -14.5% | -15.0% |
Solvency and debt-coverage ratios — lower is generally safer
DigitalOcean Holdings, Inc. carries a Debt/EBITDA ratio of 2.5x, which is manageable (16% below the sector average of 3.0x). Net debt stands at $476M ($731M total debt minus $254M cash). Interest coverage of 8.8x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | 34.38 | 2.53 | — | 3.75 | — |
| Debt / EBITDA | 2.48 | 2.48 | 7.67 | 12.76 | 21.37 | 18.95 | 4.34 | 5.76 | 5.41 |
| Net Debt / Equity | — | — | — | — | 31.42 | -0.43 | — | 3.10 | — |
| Net Debt / EBITDA | 1.62 | 1.62 | 5.73 | 10.31 | 19.53 | -3.25 | 2.67 | 4.77 | 4.22 |
| Debt / FCF | — | 1.54 | 13.17 | 12.15 | 19.95 | -10.44 | — | — | — |
| Interest Coverage | 8.75 | 8.75 | 9.99 | 1.33 | -3.06 | -2.99 | -1.16 | -3.20 | -4.32 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.69x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 2.61x to 0.69x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.69 | 0.69 | 2.45 | 2.61 | 5.72 | 30.39 | 1.75 | 0.84 | 0.80 |
| Quick Ratio | 0.69 | 0.69 | 2.45 | 2.61 | 5.72 | 30.39 | 1.75 | 0.84 | 0.80 |
| Cash Ratio | 0.41 | 0.41 | 1.94 | 2.14 | 5.22 | 29.42 | 1.18 | 0.45 | 0.47 |
| Asset Turnover | — | 0.49 | 0.48 | 0.47 | 0.32 | 0.20 | 0.74 | 0.84 | 0.83 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 36.81 | 42.60 | 32.76 | 34.09 | 33.74 | 32.21 | 29.72 | 29.48 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
DigitalOcean Holdings, Inc. returns 0.1% to shareholders annually primarily through share buybacks. The earnings yield of 4.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.5% | 5.2% | 2.6% | 0.5% | — | — | — | — | — |
| FCF Yield | 6.0% | 6.1% | 3.0% | 3.1% | 2.9% | 0.3% | — | — | — |
| Buyback Yield | 0.1% | 0.1% | 1.9% | 13.8% | 23.4% | 4.1% | — | — | — |
| Total Shareholder Yield | 0.1% | 0.1% | 1.9% | 13.8% | 23.4% | 4.1% | — | — | — |
| Shares Outstanding | — | $105M | $95M | $96M | $101M | $107M | $105M | $105M | $87M |
Compare DOCN with 8 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| DOCNYou | $5B | 22.2 | 19.1 | 16.6 | 59.9% | 17.4% | — | 15.6% | 2.5 |
| MSFT | $2.9T | 28.8 | 18.1 | 40.7 | 68.8% | 45.6% | 33.3% | 27.9% | 0.4 |
| ORCL | $408B | 33.5 | 21.0 | — | 70.5% | 30.8% | 82.4% | 12.8% | 4.4 |
| CRWV | $33B | -28.3 | — | — | 71.7% | -0.9% | -79.9% | -0.3% | — |
| NTNX | $10B | 58.9 | 45.2 | 13.8 | 86.8% | 6.8% | — | 688.9% | 6.0 |
| CORZ | $5B | -3.3 | 55.5 | — | 23.7% | -3.8% | — | — | 11.9 |
| BLZE | $217M | -8.2 | 50.5 | 11.5 | 60.9% | -13.8% | -31.8% | -14.1% | 15.3 |
| DGXX | $180M | -12.5 | 37.1 | — | -30.7% | -29.4% | -26.5% | -32.1% | 0.0 |
| TUYA | $179M | 300.0 | — | 2.7 | 47.4% | -15.9% | 0.5% | -8.5% | — |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 8 years · Updated daily
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Start ComparisonDigitalOcean Holdings, Inc.'s current P/E ratio is 22.2x. The historical average is 80.3x. This places it at the 33th percentile of its historical range.
DigitalOcean Holdings, Inc.'s current EV/EBITDA is 19.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 32.4x.
Based on historical data, DigitalOcean Holdings, Inc. is trading at a P/E of 22.2x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
DigitalOcean Holdings, Inc. has 59.9% gross margin and 17.4% operating margin. Operating margin between 10-20% is typical for established companies.
DigitalOcean Holdings, Inc.'s Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.