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Side-by-side financial comparison of DOCUSIGN, INC. (DOCU) and SELECTIVE INSURANCE GROUP INC (SIGI). Click either name above to swap in a different company.

SELECTIVE INSURANCE GROUP INC is the larger business by last-quarter revenue ($1.4B vs $818.4M, roughly 1.7× DOCUSIGN, INC.). DOCUSIGN, INC. runs the higher net margin — 10.2% vs 7.2%, a 3.0% gap on every dollar of revenue. On growth, DOCUSIGN, INC. posted the faster year-over-year revenue change (8.4% vs 5.7%).

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.

Selective Insurance Group Inc. is a U.S.-based insurance holding company that provides a comprehensive portfolio of property and casualty insurance products, including personal auto, home insurance, commercial property, liability, and workers' compensation coverage. It primarily serves small and medium-sized businesses, individual consumers, and nonprofits across the U.S., distributing offerings via a network of independent insurance agents.

DOCU vs SIGI — Head-to-Head

Bigger by revenue
SIGI
SIGI
1.7× larger
SIGI
$1.4B
$818.4M
DOCU
Growing faster (revenue YoY)
DOCU
DOCU
+2.7% gap
DOCU
8.4%
5.7%
SIGI
Higher net margin
DOCU
DOCU
3.0% more per $
DOCU
10.2%
7.2%
SIGI

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
DOCU
DOCU
SIGI
SIGI
Revenue
$818.4M
$1.4B
Net Profit
$83.7M
$97.7M
Gross Margin
79.2%
Operating Margin
10.4%
Net Margin
10.2%
7.2%
Revenue YoY
8.4%
5.7%
Net Profit YoY
34.1%
-37.0%
EPS (diluted)
$0.40
$1.58

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
SIGI
SIGI
Q1 26
$1.4B
Q4 25
$818.4M
$1.4B
Q3 25
$800.6M
$1.4B
Q2 25
$763.7M
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B
Net Profit
DOCU
DOCU
SIGI
SIGI
Q1 26
$97.7M
Q4 25
$83.7M
$155.2M
Q3 25
$63.0M
$115.3M
Q2 25
$72.1M
$85.9M
Q1 25
$109.9M
Q4 24
$95.5M
Q3 24
$92.3M
Q2 24
$-63.3M
Gross Margin
DOCU
DOCU
SIGI
SIGI
Q1 26
Q4 25
79.2%
Q3 25
79.3%
Q2 25
79.4%
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
DOCU
DOCU
SIGI
SIGI
Q1 26
Q4 25
10.4%
14.4%
Q3 25
8.1%
10.7%
Q2 25
7.9%
8.2%
Q1 25
10.8%
Q4 24
9.5%
Q3 24
9.4%
Q2 24
-6.7%
Net Margin
DOCU
DOCU
SIGI
SIGI
Q1 26
7.2%
Q4 25
10.2%
11.4%
Q3 25
7.9%
8.5%
Q2 25
9.4%
6.5%
Q1 25
8.6%
Q4 24
7.6%
Q3 24
7.4%
Q2 24
-5.3%
EPS (diluted)
DOCU
DOCU
SIGI
SIGI
Q1 26
$1.58
Q4 25
$0.40
$2.52
Q3 25
$0.30
$1.85
Q2 25
$0.34
$1.36
Q1 25
$1.76
Q4 24
$1.53
Q3 24
$1.47
Q2 24
$-1.08

Balance Sheet & Financial Strength

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

Metric
DOCU
DOCU
SIGI
SIGI
Cash + ST InvestmentsLiquidity on hand
$583.3M
$451.8M
Total DebtLower is stronger
$901.4M
Stockholders' EquityBook value
$2.0B
$3.6B
Total Assets
$4.0B
$15.3B
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCU
DOCU
SIGI
SIGI
Q1 26
$451.8M
Q4 25
$583.3M
Q3 25
$600.0M
Q2 25
$657.4M
Q1 25
Q4 24
Q3 24
Q2 24
Total Debt
DOCU
DOCU
SIGI
SIGI
Q1 26
$901.4M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$507.9M
Q3 24
$508.2M
Q2 24
$508.8M
Stockholders' Equity
DOCU
DOCU
SIGI
SIGI
Q1 26
$3.6B
Q4 25
$2.0B
$3.6B
Q3 25
$2.0B
$3.5B
Q2 25
$2.0B
$3.4B
Q1 25
$3.3B
Q4 24
$3.1B
Q3 24
$3.2B
Q2 24
$2.9B
Total Assets
DOCU
DOCU
SIGI
SIGI
Q1 26
$15.3B
Q4 25
$4.0B
$15.2B
Q3 25
$3.9B
$15.0B
Q2 25
$3.9B
$14.5B
Q1 25
$14.2B
Q4 24
$13.5B
Q3 24
$13.5B
Q2 24
$12.6B
Debt / Equity
DOCU
DOCU
SIGI
SIGI
Q1 26
0.25×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.16×
Q3 24
0.16×
Q2 24
0.17×

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
SIGI
SIGI
Operating Cash FlowLast quarter
$290.3M
Free Cash FlowOCF − Capex
$262.9M
FCF MarginFCF / Revenue
32.1%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
3.47×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCU
DOCU
SIGI
SIGI
Q1 26
Q4 25
$290.3M
$376.3M
Q3 25
$246.1M
$405.8M
Q2 25
$251.4M
$166.9M
Q1 25
$284.0M
Q4 24
$332.2M
Q3 24
$387.4M
Q2 24
$266.1M
Free Cash Flow
DOCU
DOCU
SIGI
SIGI
Q1 26
Q4 25
$262.9M
$366.3M
Q3 25
$217.6M
$397.3M
Q2 25
$227.8M
$159.7M
Q1 25
$271.0M
Q4 24
$324.7M
Q3 24
$378.0M
Q2 24
$258.4M
FCF Margin
DOCU
DOCU
SIGI
SIGI
Q1 26
Q4 25
32.1%
26.8%
Q3 25
27.2%
29.2%
Q2 25
29.8%
12.0%
Q1 25
21.1%
Q4 24
25.8%
Q3 24
30.4%
Q2 24
21.6%
Capex Intensity
DOCU
DOCU
SIGI
SIGI
Q1 26
Q4 25
3.3%
0.7%
Q3 25
3.6%
0.6%
Q2 25
3.1%
0.5%
Q1 25
1.0%
Q4 24
0.6%
Q3 24
0.8%
Q2 24
0.6%
Cash Conversion
DOCU
DOCU
SIGI
SIGI
Q1 26
Q4 25
3.47×
2.42×
Q3 25
3.91×
3.52×
Q2 25
3.49×
1.94×
Q1 25
2.58×
Q4 24
3.48×
Q3 24
4.20×
Q2 24

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%

SIGI
SIGI

Segment breakdown not available.

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