DigitalOcean Holdings (DOCN) Return on Invested Capital [ROIC] (2021 - 2026)
DigitalOcean Holdings' Return on Invested Capital [ROIC] was 8.18% in Q2 2026, down 0.75 percentage points from 8.94% a year earlier and down 1.96 percentage points from the prior quarter.
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Analysis
DigitalOcean Holdings (DOCN) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at DigitalOcean Holdings came in at 12.32%, up 5.88 percentage points from FY2024.
- Return on Invested Capital [ROIC] has now increased for three consecutive years, with a four-year change of +13.32 percentage points (FY2021 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 6.43% in FY2024 (+5.79 pp), 0.64% in FY2023 (+2.09 pp), -1.44% in FY2022 (-0.44 pp) and -1.00% in FY2021.
- The Q2 2026 figure marks the lowest quarterly Return on Invested Capital [ROIC] since Q1 2025.
- Compared with a year earlier, Return on Invested Capital [ROIC] was higher in seven of the last eight quarters, with an average year-over-year change of +4.19 percentage points.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q2 2024 (a gain of 7.37 percentage points); the worst was Q3 2022 (a drop of 1.69 percentage points).
- Per Business Quant data, DOCN's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was 10.14% (Q1 2026), 12.60% (Q4 2025) and 11.88% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,843.70 Bn | 3,766.85 Bn | 60.48 Bn | 26.70% |
| 2 | International Business Machines | 209.74 Bn | 160.64 Bn | 9.91 Bn | 11.34% |
| 3 | Cloudflare | 112.41 Bn | 95.94 Bn | 499.52 Mn | -12.36% |
| 4 | Equinix | 101.21 Bn | 89.76 Bn | 1.40 Bn | 5.65% |
| 5 | Nebius | 61.44 Bn | 34.87 Bn | 448.70 Mn | -3.32% |
| 6 | CoreWeave | 49.38 Bn | 36.47 Bn | 1.70 Bn | -1.20% |
| 7 | Verisign | 26.06 Bn | 23.28 Bn | 384.60 Mn | - |
| 8 | Nutanix | 19.56 Bn | 11.24 Bn | 651.35 Mn | - |
| 9 | Akamai Technologies | 15.64 Bn | 9.05 Bn | 613.75 Mn | - |
| 10 | DigitalOcean Holdings | 14.71 Bn | 12.71 Bn | 154.66 Mn | 8.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.18% |
| Mar 31, 2026 | 10.14% |
| Dec 31, 2025 | 12.60% |
| Sep 30, 2025 | 11.88% |
| Jun 30, 2025 | 8.94% |
| Mar 31, 2025 | 7.96% |
| Dec 31, 2024 | 6.16% |
| Sep 30, 2024 | 5.55% |
| Jun 30, 2024 | 5.06% |
| Mar 31, 2024 | 3.47% |
| Dec 31, 2023 | 0.76% |
| Sep 30, 2023 | 0.00% |
| Jun 30, 2023 | -2.31% |
| Mar 31, 2023 | -2.27% |
| Dec 31, 2022 | -1.71% |
| Sep 30, 2022 | -1.63% |
| Jun 30, 2022 | -1.96% |
| Mar 31, 2022 | -1.43% |
| Dec 31, 2021 | -0.76% |
| Sep 30, 2021 | 0.07% |
API Access
DigitalOcean Holdings Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=DOCN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "DOCN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=DOCN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();