中文版正在生成中，先为你展示英文版分析。
AI核心结论
GoDaddy (GDDY) delivered strong FY2025 revenue growth of 8.3% to $4.95B and a 26.2% surge in operating income to $1.13B, while net income declined 6.6% to $875M and stockholders' equity fell sharply as the company aggressively repurchased $1.60B in shares.
营业收入
$4.95B
同比 ++8.26%
每股收益（基本）
$6.34
同比 -4.37%
营业利润
$1.13B
同比 ++26.17%
提交于 · 解读更新于 · 来源: SEC EDGAR 10-K 原文
GoDaddy (GDDY) FY2025 营收 $4.95B，同比增长 8.3%。 净利润 $875M，同比下降 6.6%，稀释每股收益 $6.22。
GoDaddy grew total revenue 8.3% year-over-year to $4.95B in FY2025, up from $4.57B in the prior year, reflecting continued strength in its core domain, hosting, and commerce solutions businesses.
来源: Source: 10-K Income Statement
Operating margin expanded approximately 320 basis points to 22.8% in FY2025 from 19.5% in FY2024, driven by operating income growing 26.2% to $1.13B, indicating meaningful operating leverage and cost discipline.
来源: Source: 10-K Income Statement / Key Ratios
GoDaddy repurchased $1.60B in shares during FY2025, more than doubling the $676.5M repurchased in FY2024, which drove financing cash outflows of $1.59B and significantly reduced stockholders' equity by 68.9% to $215.1M.
来源: Source: 10-K Cash Flow Statement
Operating cash flow rose 24.2% to $1.60B in FY2025, demonstrating the company's robust cash generation capability and providing the financial firepower to fund its buyback program and service its long-term debt of $3.77B.
来源: Source: 10-K Cash Flow Statement
Despite strong operational performance, net income fell 6.6% to $875M from $937M in FY2024, likely reflecting higher interest expense, tax items, or non-operating charges that offset the improvement in operating income.
来源: Source: 10-K Income Statement
GoDaddy's current ratio stands at just 0.61x, meaning current liabilities of $3.00B significantly exceed current assets of $1.84B. This negative working capital position could create liquidity pressure if operating cash flows were to deteriorate unexpectedly.
来源: Source: 10-K Balance Sheet / Key Ratios
Long-term debt of $3.77B combined with stockholders' equity of only $215.1M results in an extremely elevated debt-to-equity ratio. The aggressive share buyback program has further eroded the equity cushion, leaving the company with limited balance sheet flexibility.
来源: Source: 10-K Balance Sheet
Net income declined 6.6% to $875M even as operating income grew 26.2%, suggesting significant below-the-line headwinds such as interest expense on $3.77B of long-term debt or unfavorable tax items that could recur or worsen.
来源: Source: 10-K Income Statement
GoDaddy deployed $1.60B — essentially all of its operating cash flow — on share repurchases in FY2025, leaving minimal free cash flow for strategic investments, acquisitions, or debt reduction. This concentration of capital return could limit future growth optionality.
来源: Source: 10-K Cash Flow Statement
Total assets fell 2.4% to $8.03B while stockholders' equity collapsed 68.9% to $215.1M, reflecting the capital-intensive buyback strategy. A continued decline in equity could affect credit ratings and borrowing costs on the company's substantial debt load.
来源: Source: 10-K Balance Sheet
FY2025 实际 EPS $1.80，分析师一致预期 $1.61，超预期 +11.8%。
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营业收入 | $4.95B | $4.57B | +8.26% |
营业利润 | $1.13B | $893.5M | +26.17% |
净利润 | $875M | $936.9M | -6.61% |
每股收益（基本） | $6.34 | $6.63 | -4.37% |
每股收益（稀释） | $6.22 | $6.45 | -3.57% |
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
总资产 | $8.03B | $8.24B | -2.43% |
流动资产 | $1.84B | $1.95B | -5.68% |
流动负债 | $3B | $2.7B | +11.01% |
股东权益 | $215.1M | $692.1M | -68.92% |
长期债务 | $3.77B | $3.78B | -0.37% |
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
经营活动现金流 | $1.6B | $1.29B | +24.21% |
投资活动现金流 | $-25.1M | $21.5M | -216.74% |
筹资活动现金流 | $-1.59B | $-677.4M | -134.29% |
股票回购 | $1.6B | $676.5M | +136.79% |
折旧及摊销 | $116.6M | $135.3M | -13.82% |
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营业利润率 | 22.8% | 19.5% | +3.23% |
净利率 | 17.7% | — | — |
净资产收益率 | 406.8% | — | — |
总资产收益率 | 10.9% | — | — |
流动比率 | $0.615 | — | — |
Internet Services & Infrastructure 行业其他公司
GoDaddy grew total revenue 8.3% year-over-year to $4.95B in FY2025, up from $4.57B in FY2024. This growth reflects continued expansion across its domain registration, web hosting, and commerce solutions offerings.
Despite revenue growing 8.3% and operating income surging 26.2% to $1.13B, GoDaddy's net income declined 6.6% to $875M in FY2025. The divergence is likely driven by significant interest expense on its $3.77B long-term debt load and/or unfavorable tax or non-operating items that offset the strong operational performance.
The headline takeaways from GoDaddy's FY2025 results are: revenue grew 8.3% to $4.95B, operating margin expanded to 22.8%, and the company generated $1.60B in operating cash flow. However, net income fell 6.6% to $875M and the company returned virtually all of its cash flow to shareholders via $1.60B in share repurchases, leaving stockholders' equity at a very thin $215.1M.
GoDaddy's operational health is strong, with $1.60B in operating cash flow and a 22.8% operating margin, but its balance sheet carries notable risks. The current ratio of 0.61x signals negative working capital, long-term debt stands at $3.77B, and stockholders' equity has collapsed 68.9% to $215.1M due to aggressive share buybacks.
GoDaddy repurchased $1.60B in shares during FY2025, more than doubling the $676.5M spent on buybacks in FY2024. This aggressive capital return program was funded almost entirely by the company's operating cash flow of $1.60B and has significantly reduced the share count, partially offsetting the decline in net income on a per-share basis.