DigitalOcean Holdings Inc (DOCN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 11,896 | -25,697 | -11,186 |
| Revenue | US$ in thousands | 692,884 | 576,322 | 428,561 |
| Operating profit margin | 1.72% | -4.46% | -2.61% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $11,896K ÷ $692,884K
= 1.72%
The operating profit margin of DigitalOcean Holdings Inc has shown a significant improvement over the past three years. In 2023, the operating profit margin stood at 1.72%, a notable increase from the negative margins of -4.46% in 2022 and -2.61% in 2021. This positive trend indicates that the company has been able to better control its operating expenses relative to its revenue, resulting in a higher percentage of profit from its core operations in 2023 compared to the previous years. It suggests potential operational efficiencies and cost management strategies implemented by the company, contributing to its overall financial performance.
Peer comparison
Dec 31, 2023