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Side-by-side financial comparison of Boot Barn Holdings, Inc. (BOOT) and DOCUSIGN, INC. (DOCU). Click either name above to swap in a different company.

DOCUSIGN, INC. is the larger business by last-quarter revenue ($818.4M vs $705.6M, roughly 1.2× Boot Barn Holdings, Inc.). Boot Barn Holdings, Inc. runs the higher net margin — 12.2% vs 10.2%, a 1.9% gap on every dollar of revenue. On growth, Boot Barn Holdings, Inc. posted the faster year-over-year revenue change (16.0% vs 8.4%). DOCUSIGN, INC. produced more free cash flow last quarter ($262.9M vs $148.0M).

Henry Boot plc is a British property development business based in Sheffield, England. It was floated on the London Stock Exchange in 1919, becoming the first quoted housebuilder. Between the wars, Henry Boot built more houses than any other company. The company remains a significant construction and property management company operating in the UK.

Docusign, Inc. is an American software company headquartered in San Francisco, California that provides products for organizations to manage electronic agreements with electronic signatures on different devices. As of 2025, Docusign has about 1.7 million clients in 180 countries. Signatures processed by Docusign are compliant with the US ESIGN Act and the European Union's eIDAS regulation, including EU Advanced and EU Qualified Signatures.

BOOT vs DOCU — Head-to-Head

Bigger by revenue
DOCU
DOCU
1.2× larger
DOCU
$818.4M
$705.6M
BOOT
Growing faster (revenue YoY)
BOOT
BOOT
+7.6% gap
BOOT
16.0%
8.4%
DOCU
Higher net margin
BOOT
BOOT
1.9% more per $
BOOT
12.2%
10.2%
DOCU
More free cash flow
DOCU
DOCU
$114.9M more FCF
DOCU
$262.9M
$148.0M
BOOT

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
BOOT
BOOT
DOCU
DOCU
Revenue
$705.6M
$818.4M
Net Profit
$85.8M
$83.7M
Gross Margin
39.9%
79.2%
Operating Margin
16.3%
10.4%
Net Margin
12.2%
10.2%
Revenue YoY
16.0%
8.4%
Net Profit YoY
14.3%
34.1%
EPS (diluted)
$2.79
$0.40

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BOOT
BOOT
DOCU
DOCU
Q4 25
$705.6M
$818.4M
Q3 25
$505.4M
$800.6M
Q2 25
$504.1M
$763.7M
Q1 25
$453.7M
Q4 24
$608.2M
Q3 24
$425.8M
Q2 24
$423.4M
Q1 24
$388.5M
Net Profit
BOOT
BOOT
DOCU
DOCU
Q4 25
$85.8M
$83.7M
Q3 25
$42.2M
$63.0M
Q2 25
$53.4M
$72.1M
Q1 25
$37.5M
Q4 24
$75.1M
Q3 24
$29.4M
Q2 24
$38.9M
Q1 24
$29.4M
Gross Margin
BOOT
BOOT
DOCU
DOCU
Q4 25
39.9%
79.2%
Q3 25
36.4%
79.3%
Q2 25
39.1%
79.4%
Q1 25
37.1%
Q4 24
39.3%
Q3 24
35.9%
Q2 24
37.0%
Q1 24
35.9%
Operating Margin
BOOT
BOOT
DOCU
DOCU
Q4 25
16.3%
10.4%
Q3 25
11.2%
8.1%
Q2 25
14.0%
7.9%
Q1 25
11.0%
Q4 24
16.4%
Q3 24
9.4%
Q2 24
11.9%
Q1 24
9.8%
Net Margin
BOOT
BOOT
DOCU
DOCU
Q4 25
12.2%
10.2%
Q3 25
8.4%
7.9%
Q2 25
10.6%
9.4%
Q1 25
8.3%
Q4 24
12.3%
Q3 24
6.9%
Q2 24
9.2%
Q1 24
7.6%
EPS (diluted)
BOOT
BOOT
DOCU
DOCU
Q4 25
$2.79
$0.40
Q3 25
$1.37
$0.30
Q2 25
$1.74
$0.34
Q1 25
$1.24
Q4 24
$2.43
Q3 24
$0.95
Q2 24
$1.26
Q1 24
$0.96

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BOOT
BOOT
DOCU
DOCU
Cash + ST InvestmentsLiquidity on hand
$200.1M
$583.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$2.0B
Total Assets
$2.4B
$4.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOOT
BOOT
DOCU
DOCU
Q4 25
$200.1M
$583.3M
Q3 25
$64.7M
$600.0M
Q2 25
$95.3M
$657.4M
Q1 25
$69.8M
Q4 24
$152.9M
Q3 24
$37.4M
Q2 24
$83.4M
Q1 24
$75.8M
Stockholders' Equity
BOOT
BOOT
DOCU
DOCU
Q4 25
$1.3B
$2.0B
Q3 25
$1.2B
$2.0B
Q2 25
$1.2B
$2.0B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.0B
Q2 24
$981.8M
Q1 24
$943.6M
Total Assets
BOOT
BOOT
DOCU
DOCU
Q4 25
$2.4B
$4.0B
Q3 25
$2.3B
$3.9B
Q2 25
$2.1B
$3.9B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$1.9B
Q2 24
$1.8B
Q1 24
$1.7B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BOOT
BOOT
DOCU
DOCU
Operating Cash FlowLast quarter
$209.7M
$290.3M
Free Cash FlowOCF − Capex
$148.0M
$262.9M
FCF MarginFCF / Revenue
21.0%
32.1%
Capex IntensityCapex / Revenue
8.7%
3.3%
Cash ConversionOCF / Net Profit
2.44×
3.47×
TTM Free Cash FlowTrailing 4 quarters
$89.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOOT
BOOT
DOCU
DOCU
Q4 25
$209.7M
$290.3M
Q3 25
$25.7M
$246.1M
Q2 25
$73.8M
$251.4M
Q1 25
$-43.1M
Q4 24
$157.1M
Q3 24
$-7.8M
Q2 24
$41.3M
Q1 24
Free Cash Flow
BOOT
BOOT
DOCU
DOCU
Q4 25
$148.0M
$262.9M
Q3 25
$-17.5M
$217.6M
Q2 25
$42.4M
$227.8M
Q1 25
$-83.1M
Q4 24
$114.2M
Q3 24
$-46.1M
Q2 24
$14.2M
Q1 24
FCF Margin
BOOT
BOOT
DOCU
DOCU
Q4 25
21.0%
32.1%
Q3 25
-3.5%
27.2%
Q2 25
8.4%
29.8%
Q1 25
-18.3%
Q4 24
18.8%
Q3 24
-10.8%
Q2 24
3.4%
Q1 24
Capex Intensity
BOOT
BOOT
DOCU
DOCU
Q4 25
8.7%
3.3%
Q3 25
8.6%
3.6%
Q2 25
6.2%
3.1%
Q1 25
8.8%
Q4 24
7.1%
Q3 24
9.0%
Q2 24
6.4%
Q1 24
Cash Conversion
BOOT
BOOT
DOCU
DOCU
Q4 25
2.44×
3.47×
Q3 25
0.61×
3.91×
Q2 25
1.38×
3.49×
Q1 25
-1.15×
Q4 24
2.09×
Q3 24
-0.26×
Q2 24
1.06×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BOOT
BOOT

Segment breakdown not available.

DOCU
DOCU

Subscription And Circulation$801.0M98%
Professional Services And Other$17.4M2%

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