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雅保（ALB）与DOCUSIGN, INC.（DOCU）财务数据对比。点击上方公司名可切换其他公司
雅保的季度营收约是DOCUSIGN, INC.的1.7倍（$1.4B vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs -29.0%，领先39.2%），雅保同比增速更快（15.9% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $233.1M）
雅保是全球知名的特种化学品企业，业务覆盖研发、生产与全球销售，下设锂、溴、催化剂三大板块。锂业务线供应碳酸锂、氢氧化锂、氯化锂等锂化合物及相关试剂，产品广泛应用于消费电子、电动汽车锂电池、高性能润滑脂、热塑性弹性体等领域。
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。
ALB vs DOCU — 直观对比
营收规模更大
ALB
是对方的1.7倍
$818.4M
营收增速更快
ALB
高出7.5%
8.4%
净利率更高
DOCU
高出39.2%
-29.0%
自由现金流更多
DOCU
多$29.8M
$233.1M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $818.4M |
| 净利润 | $-414.2M | $83.7M |
| 毛利率 | 13.9% | 79.2% |
| 营业利润率 | -15.2% | 10.4% |
| 净利率 | -29.0% | 10.2% |
| 营收同比 | 15.9% | 8.4% |
| 净利润同比 | -650.1% | 34.1% |
| 每股收益（稀释后） | $-3.88 | $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ALBDOCU
| Q4 25 | $1.4B | $818.4M | ||
| Q3 25 | $1.3B | $800.6M | ||
| Q2 25 | $1.3B | $763.7M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
净利润ALBDOCU
| Q4 25 | $-414.2M | $83.7M | ||
| Q3 25 | $-160.7M | $63.0M | ||
| Q2 25 | $22.9M | $72.1M | ||
| Q1 25 | $41.3M | — | ||
| Q4 24 | $75.3M | — | ||
| Q3 24 | $-1.1B | — | ||
| Q2 24 | $-188.2M | — | ||
| Q1 24 | $2.4M | — |
毛利率ALBDOCU
| Q4 25 | 13.9% | 79.2% | ||
| Q3 25 | 9.0% | 79.3% | ||
| Q2 25 | 14.8% | 79.4% | ||
| Q1 25 | 14.5% | — | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | -7.7% | — | ||
| Q2 24 | -0.7% | — | ||
| Q1 24 | 2.9% | — |
营业利润率ALBDOCU
| Q4 25 | -15.2% | 10.4% | ||
| Q3 25 | -16.6% | 8.1% | ||
| Q2 25 | 3.6% | 7.9% | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | -81.9% | — | ||
| Q2 24 | -34.4% | — | ||
| Q1 24 | -13.2% | — |
净利率ALBDOCU
| Q4 25 | -29.0% | 10.2% | ||
| Q3 25 | -12.3% | 7.9% | ||
| Q2 25 | 1.7% | 9.4% | ||
| Q1 25 | 3.8% | — | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | -78.9% | — | ||
| Q2 24 | -13.2% | — | ||
| Q1 24 | 0.2% | — |
每股收益（稀释后）ALBDOCU
| Q4 25 | $-3.88 | $0.40 | ||
| Q3 25 | $-1.72 | $0.30 | ||
| Q2 25 | $-0.16 | $0.34 | ||
| Q1 25 | $0.00 | — | ||
| Q4 24 | $0.29 | — | ||
| Q3 24 | $-9.45 | — | ||
| Q2 24 | $-1.96 | — | ||
| Q1 24 | $-0.08 | — |
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 | — | $583.3M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $9.5B | $2.0B |
| 总资产 | $16.4B | $4.0B |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资ALBDOCU
| Q4 25 | — | $583.3M | ||
| Q3 25 | $1.9B | $600.0M | ||
| Q2 25 | $1.8B | $657.4M | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $2.1B | — |
总债务ALBDOCU
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.5B | — | ||
| Q1 24 | $3.5B | — |
股东权益ALBDOCU
| Q4 25 | $9.5B | $2.0B | ||
| Q3 25 | $10.0B | $2.0B | ||
| Q2 25 | $10.2B | $2.0B | ||
| Q1 25 | $10.0B | — | ||
| Q4 24 | $10.0B | — | ||
| Q3 24 | $10.2B | — | ||
| Q2 24 | $11.2B | — | ||
| Q1 24 | $11.5B | — |
总资产ALBDOCU
| Q4 25 | $16.4B | $4.0B | ||
| Q3 25 | $17.1B | $3.9B | ||
| Q2 25 | $17.3B | $3.9B | ||
| Q1 25 | $17.0B | — | ||
| Q4 24 | $16.6B | — | ||
| Q3 24 | $17.5B | — | ||
| Q2 24 | $18.4B | — | ||
| Q1 24 | $19.0B | — |
负债/权益比ALBDOCU
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.31× | — | ||
| Q1 24 | 0.31× | — |
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 | $388.5M | $290.3M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $262.9M |
| 自由现金流率自由现金流/营收 | 16.3% | 32.1% |
| 资本支出强度资本支出/营收 | 10.9% | 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 | $692.5M | — |
8季度趋势，按日历期对齐
经营现金流ALBDOCU
| Q4 25 | $388.5M | $290.3M | ||
| Q3 25 | $355.6M | $246.1M | ||
| Q2 25 | $-7.2M | $251.4M | ||
| Q1 25 | $545.4M | — | ||
| Q4 24 | $674.0K | — | ||
| Q3 24 | $240.5M | — | ||
| Q2 24 | $362.9M | — | ||
| Q1 24 | $98.0M | — |
自由现金流ALBDOCU
| Q4 25 | $233.1M | $262.9M | ||
| Q3 25 | $223.4M | $217.6M | ||
| Q2 25 | $-126.8M | $227.8M | ||
| Q1 25 | $362.8M | — | ||
| Q4 24 | $-355.1M | — | ||
| Q3 24 | $-62.6M | — | ||
| Q2 24 | $-84.7M | — | ||
| Q1 24 | $-481.4M | — |
自由现金流率ALBDOCU
| Q4 25 | 16.3% | 32.1% | ||
| Q3 25 | 17.1% | 27.2% | ||
| Q2 25 | -9.5% | 29.8% | ||
| Q1 25 | 33.7% | — | ||
| Q4 24 | -28.8% | — | ||
| Q3 24 | -4.6% | — | ||
| Q2 24 | -5.9% | — | ||
| Q1 24 | -35.4% | — |
资本支出强度ALBDOCU
| Q4 25 | 10.9% | 3.3% | ||
| Q3 25 | 10.1% | 3.6% | ||
| Q2 25 | 9.0% | 3.1% | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 28.9% | — | ||
| Q3 24 | 22.4% | — | ||
| Q2 24 | 31.3% | — | ||
| Q1 24 | 42.6% | — |
现金转化率ALBDOCU
| Q4 25 | — | 3.47× | ||
| Q3 25 | — | 3.91× | ||
| Q2 25 | -0.31× | 3.49× | ||
| Q1 25 | 13.19× | — | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 40.01× | — |
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
ALB
| Energy Storage | $759.1M | 53% |
| Specialties | $348.9M | 24% |
| Ketjen | $320.1M | 22% |
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
