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Side-by-side financial comparison of DOCUSIGN, INC. (DOCU) and STAR GROUP, L.P. (SGU). Click either name above to swap in a different company.

DOCUSIGN, INC. is the larger business by last-quarter revenue ($818.4M vs $539.3M, roughly 1.5× STAR GROUP, L.P.). DOCUSIGN, INC. runs the higher net margin — 10.2% vs 6.6%, a 3.6% gap on every dollar of revenue. On growth, STAR GROUP, L.P. posted the faster year-over-year revenue change (10.5% vs 8.4%). DOCUSIGN, INC. produced more free cash flow last quarter ($262.9M vs $-59.7M).

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.

Lone Star Funds, legal name of main entity Lone Star Global Acquisitions, Ltd. is a global private equity firm that invests in corporate equity, real estate, credit, and other financial assets. The founder of Lone Star established its first fund in 1995 and Lone Star has to date organized 25 private equity funds with total capital commitments since inception of over $95 billion. Lone Star's investors include corporate and public pension funds, sovereign wealth funds, university endowments, fo...

DOCU vs SGU — Head-to-Head

Bigger by revenue
DOCU
DOCU
1.5× larger
DOCU
$818.4M
$539.3M
SGU
Growing faster (revenue YoY)
SGU
SGU
+2.1% gap
SGU
10.5%
8.4%
DOCU
Higher net margin
DOCU
DOCU
3.6% more per $
DOCU
10.2%
6.6%
SGU
More free cash flow
DOCU
DOCU
$322.6M more FCF
DOCU
$262.9M
$-59.7M
SGU

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
DOCU
DOCU
SGU
SGU
Revenue
$818.4M
$539.3M
Net Profit
$83.7M
$35.8M
Gross Margin
79.2%
Operating Margin
10.4%
10.1%
Net Margin
10.2%
6.6%
Revenue YoY
8.4%
10.5%
Net Profit YoY
34.1%
8.8%
EPS (diluted)
$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
DOCU
DOCU
SGU
SGU
Q4 25
$818.4M
$539.3M
Q3 25
$800.6M
Q2 25
$763.7M
Net Profit
DOCU
DOCU
SGU
SGU
Q4 25
$83.7M
$35.8M
Q3 25
$63.0M
Q2 25
$72.1M
Gross Margin
DOCU
DOCU
SGU
SGU
Q4 25
79.2%
Q3 25
79.3%
Q2 25
79.4%
Operating Margin
DOCU
DOCU
SGU
SGU
Q4 25
10.4%
10.1%
Q3 25
8.1%
Q2 25
7.9%
Net Margin
DOCU
DOCU
SGU
SGU
Q4 25
10.2%
6.6%
Q3 25
7.9%
Q2 25
9.4%
EPS (diluted)
DOCU
DOCU
SGU
SGU
Q4 25
$0.40
Q3 25
$0.30
Q2 25
$0.34

Balance Sheet & Financial Strength

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

Metric
DOCU
DOCU
SGU
SGU
Cash + ST InvestmentsLiquidity on hand
$583.3M
$19.9M
Total DebtLower is stronger
$254.8M
Stockholders' EquityBook value
$2.0B
Total Assets
$4.0B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCU
DOCU
SGU
SGU
Q4 25
$583.3M
$19.9M
Q3 25
$600.0M
Q2 25
$657.4M
Total Debt
DOCU
DOCU
SGU
SGU
Q4 25
$254.8M
Q3 25
Q2 25
Stockholders' Equity
DOCU
DOCU
SGU
SGU
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$2.0B
Total Assets
DOCU
DOCU
SGU
SGU
Q4 25
$4.0B
$1.1B
Q3 25
$3.9B
Q2 25
$3.9B

Cash Flow & Capital Efficiency

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

Metric
DOCU
DOCU
SGU
SGU
Operating Cash FlowLast quarter
$290.3M
$-55.2M
Free Cash FlowOCF − Capex
$262.9M
$-59.7M
FCF MarginFCF / Revenue
32.1%
-11.1%
Capex IntensityCapex / Revenue
3.3%
0.8%
Cash ConversionOCF / Net Profit
3.47×
-1.54×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCU
DOCU
SGU
SGU
Q4 25
$290.3M
$-55.2M
Q3 25
$246.1M
Q2 25
$251.4M
Free Cash Flow
DOCU
DOCU
SGU
SGU
Q4 25
$262.9M
$-59.7M
Q3 25
$217.6M
Q2 25
$227.8M
FCF Margin
DOCU
DOCU
SGU
SGU
Q4 25
32.1%
-11.1%
Q3 25
27.2%
Q2 25
29.8%
Capex Intensity
DOCU
DOCU
SGU
SGU
Q4 25
3.3%
0.8%
Q3 25
3.6%
Q2 25
3.1%
Cash Conversion
DOCU
DOCU
SGU
SGU
Q4 25
3.47×
-1.54×
Q3 25
3.91×
Q2 25
3.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DOCU
DOCU

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

SGU
SGU

Home Heating Oil And Propane$372.6M69%
Motor Fuel And Other Petroleum Products$75.4M14%
Equipment Installations$39.6M7%
Equipment Maintenance Service Contracts$30.3M6%
Billable Call Services$21.4M4%

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