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Advantage Solutions Inc.（ADV）与DOCUSIGN, INC.（DOCU）财务数据对比。点击上方公司名可切换其他公司
Advantage Solutions Inc.的季度营收约是DOCUSIGN, INC.的1.1倍（$932.1M vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs -17.4%，领先27.6%），DOCUSIGN, INC.同比增速更快（8.4% vs 4.5%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $23.4M）
该公司是一家全球数据与分析企业，为众多行业提供数据技术服务、分析工具、预测洞察与欺诈防范方案，总部位于佐治亚州阿尔法利塔，在美国全境以及澳大利亚、巴西、中国、法国、中国香港、印度、爱尔兰、以色列、菲律宾、英国均设有办公地点。
DocuSign是总部位于美国加利福尼亚州旧金山的软件企业，为各类机构提供多设备支持的电子协议管理及电子签名相关产品。截至2025年，公司在180个国家拥有约170万客户，其处理的签名符合美国ESIGN法案、欧盟eIDAS法规要求，满足欧盟高级及合格签名标准。
ADV vs DOCU — 直观对比
营收规模更大
ADV
是对方的1.1倍
$818.4M
营收增速更快
DOCU
高出4.0%
4.5%
净利率更高
DOCU
高出27.6%
-17.4%
自由现金流更多
DOCU
多$239.5M
$23.4M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $932.1M | $818.4M |
| 净利润 | $-161.7M | $83.7M |
| 毛利率 | — | 79.2% |
| 营业利润率 | -17.4% | 10.4% |
| 净利率 | -17.4% | 10.2% |
| 营收同比 | 4.5% | 8.4% |
| 净利润同比 | 9.2% | 34.1% |
| 每股收益（稀释后） | — | $0.40 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ADVDOCU
| Q4 25 | $932.1M | $818.4M | ||
| Q3 25 | $915.0M | $800.6M | ||
| Q2 25 | $873.7M | $763.7M | ||
| Q1 25 | $821.8M | — | ||
| Q4 24 | $892.3M | — | ||
| Q3 24 | $939.3M | — | ||
| Q2 24 | $873.4M | — | ||
| Q1 24 | $861.4M | — |
净利润ADVDOCU
| Q4 25 | $-161.7M | $83.7M | ||
| Q3 25 | $20.6M | $63.0M | ||
| Q2 25 | $-30.4M | $72.1M | ||
| Q1 25 | $-56.1M | — | ||
| Q4 24 | $-178.0M | — | ||
| Q3 24 | $-42.8M | — | ||
| Q2 24 | $-100.8M | — | ||
| Q1 24 | $-5.3M | — |
毛利率ADVDOCU
| Q4 25 | — | 79.2% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 79.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率ADVDOCU
| Q4 25 | -17.4% | 10.4% | ||
| Q3 25 | 4.4% | 8.1% | ||
| Q2 25 | 1.1% | 7.9% | ||
| Q1 25 | -1.8% | — | ||
| Q4 24 | -19.1% | — | ||
| Q3 24 | -0.3% | — | ||
| Q2 24 | -10.4% | — | ||
| Q1 24 | -3.5% | — |
净利率ADVDOCU
| Q4 25 | -17.4% | 10.2% | ||
| Q3 25 | 2.2% | 7.9% | ||
| Q2 25 | -3.5% | 9.4% | ||
| Q1 25 | -6.8% | — | ||
| Q4 24 | -20.0% | — | ||
| Q3 24 | -4.6% | — | ||
| Q2 24 | -11.5% | — | ||
| Q1 24 | -0.6% | — |
每股收益（稀释后）ADVDOCU
| Q4 25 | — | $0.40 | ||
| Q3 25 | — | $0.30 | ||
| Q2 25 | — | $0.34 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.13 | — | ||
| Q2 24 | $-0.31 | — | ||
| Q1 24 | $-0.02 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $240.8M | $583.3M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $554.0M | $2.0B |
| 总资产 | $2.8B | $4.0B |
| 负债/权益比越低杠杆越低 | 3.05× | — |
8季度趋势，按日历期对齐
现金及短期投资ADVDOCU
| Q4 25 | $240.8M | $583.3M | ||
| Q3 25 | $201.1M | $600.0M | ||
| Q2 25 | $102.9M | $657.4M | ||
| Q1 25 | $121.1M | — | ||
| Q4 24 | $205.2M | — | ||
| Q3 24 | $196.1M | — | ||
| Q2 24 | $154.0M | — | ||
| Q1 24 | $112.3M | — |
总债务ADVDOCU
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ADVDOCU
| Q4 25 | $554.0M | $2.0B | ||
| Q3 25 | $708.5M | $2.0B | ||
| Q2 25 | $683.6M | $2.0B | ||
| Q1 25 | $695.6M | — | ||
| Q4 24 | $748.7M | — | ||
| Q3 24 | $932.5M | — | ||
| Q2 24 | $973.7M | — | ||
| Q1 24 | $1.1B | — |
总资产ADVDOCU
| Q4 25 | $2.8B | $4.0B | ||
| Q3 25 | $3.0B | $3.9B | ||
| Q2 25 | $3.0B | $3.9B | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.5B | — | ||
| Q1 24 | $3.6B | — |
负债/权益比ADVDOCU
| Q4 25 | 3.05× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.30× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $45.6M | $290.3M |
| 自由现金流经营现金流 - 资本支出 | $23.4M | $262.9M |
| 自由现金流率自由现金流/营收 | 2.5% | 32.1% |
| 资本支出强度资本支出/营收 | 2.4% | 3.3% |
| 现金转化率经营现金流/净利润 | — | 3.47× |
| 过去12个月自由现金流最近4个季度 | $10.7M | — |
8季度趋势，按日历期对齐
经营现金流ADVDOCU
| Q4 25 | $45.6M | $290.3M | ||
| Q3 25 | $63.6M | $246.1M | ||
| Q2 25 | $-8.1M | $251.4M | ||
| Q1 25 | $-39.6M | — | ||
| Q4 24 | $15.1M | — | ||
| Q3 24 | $34.0M | — | ||
| Q2 24 | $53.4M | — | ||
| Q1 24 | $-9.4M | — |
自由现金流ADVDOCU
| Q4 25 | $23.4M | $262.9M | ||
| Q3 25 | $52.2M | $217.6M | ||
| Q2 25 | $-10.2M | $227.8M | ||
| Q1 25 | $-54.7M | — | ||
| Q4 24 | $-27.4M | — | ||
| Q3 24 | $8.6M | — | ||
| Q2 24 | $43.8M | — | ||
| Q1 24 | $-24.8M | — |
自由现金流率ADVDOCU
| Q4 25 | 2.5% | 32.1% | ||
| Q3 25 | 5.7% | 27.2% | ||
| Q2 25 | -1.2% | 29.8% | ||
| Q1 25 | -6.7% | — | ||
| Q4 24 | -3.1% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 5.0% | — | ||
| Q1 24 | -2.9% | — |
资本支出强度ADVDOCU
| Q4 25 | 2.4% | 3.3% | ||
| Q3 25 | 1.3% | 3.6% | ||
| Q2 25 | 0.2% | 3.1% | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 1.8% | — |
现金转化率ADVDOCU
| Q4 25 | — | 3.47× | ||
| Q3 25 | 3.09× | 3.91× | ||
| Q2 25 | — | 3.49× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ADV
| Experiential Services | $395.9M | 42% |
| Branded Services | $289.8M | 31% |
| Retailer Services | $246.5M | 26% |
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
