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Alight, Inc.（ALIT）与DOCUSIGN, INC.（DOCU）财务数据对比。点击上方公司名可切换其他公司
DOCUSIGN, INC.的季度营收约是Alight, Inc.的1.3倍（$818.4M vs $653.0M），DOCUSIGN, INC.净利率更高（10.2% vs -142.7%，领先153.0%），DOCUSIGN, INC.同比增速更快（8.4% vs -4.0%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $99.0M）
Alight公司是一家美国信息技术与咨询企业，专注于人力资源相关业务，主打基于云的系统服务、业务外包与咨询服务，为大型企业提供人力资本管理平台与外包方案，业务范围涵盖健康福利管理、财务管理以及退休规划等领域。
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。
ALIT vs DOCU — 直观对比
营收规模更大
DOCU
是对方的1.3倍
$653.0M
营收增速更快
DOCU
高出12.4%
-4.0%
净利率更高
DOCU
高出153.0%
-142.7%
自由现金流更多
DOCU
多$163.9M
$99.0M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $653.0M | $818.4M |
| 净利润 | $-932.0M | $83.7M |
| 毛利率 | 36.8% | 79.2% |
| 营业利润率 | -114.9% | 10.4% |
| 净利率 | -142.7% | 10.2% |
| 营收同比 | -4.0% | 8.4% |
| 净利润同比 | -11750.0% | 34.1% |
| 每股收益（稀释后） | $-1.77 | $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ALITDOCU
| Q4 25 | $653.0M | $818.4M | ||
| Q3 25 | $533.0M | $800.6M | ||
| Q2 25 | $528.0M | $763.7M | ||
| Q1 25 | $548.0M | — | ||
| Q4 24 | $680.0M | — | ||
| Q3 24 | $555.0M | — | ||
| Q2 24 | $538.0M | — | ||
| Q1 24 | $559.0M | — |
净利润ALITDOCU
| Q4 25 | $-932.0M | $83.7M | ||
| Q3 25 | $-1.1B | $63.0M | ||
| Q2 25 | $-1.1B | $72.1M | ||
| Q1 25 | $-25.0M | — | ||
| Q4 24 | $8.0M | — | ||
| Q3 24 | $-74.0M | — | ||
| Q2 24 | $23.0M | — | ||
| Q1 24 | $-114.0M | — |
毛利率ALITDOCU
| Q4 25 | 36.8% | 79.2% | ||
| Q3 25 | 33.4% | 79.3% | ||
| Q2 25 | 33.3% | 79.4% | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 39.9% | — | ||
| Q3 24 | 31.4% | — | ||
| Q2 24 | 31.0% | — | ||
| Q1 24 | 32.6% | — |
营业利润率ALITDOCU
| Q4 25 | -114.9% | 10.4% | ||
| Q3 25 | -248.0% | 8.1% | ||
| Q2 25 | -191.3% | 7.9% | ||
| Q1 25 | -1.5% | — | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | -7.6% | — | ||
| Q2 24 | -9.7% | — | ||
| Q1 24 | -7.2% | — |
净利率ALITDOCU
| Q4 25 | -142.7% | 10.2% | ||
| Q3 25 | -200.2% | 7.9% | ||
| Q2 25 | -203.2% | 9.4% | ||
| Q1 25 | -4.6% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | -13.3% | — | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | -20.4% | — |
每股收益（稀释后）ALITDOCU
| Q4 25 | $-1.77 | $0.40 | ||
| Q3 25 | $-2.02 | $0.30 | ||
| Q2 25 | $-2.03 | $0.34 | ||
| Q1 25 | $-0.05 | — | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $-0.14 | — | ||
| Q2 24 | $0.04 | — | ||
| Q1 24 | $-0.21 | — |
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 | $273.0M | $583.3M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $1.0B | $2.0B |
| 总资产 | $4.6B | $4.0B |
| 负债/权益比越低杠杆越低 | 1.92× | — |
8季度趋势，按日历期对齐
现金及短期投资ALITDOCU
| Q4 25 | $273.0M | $583.3M | ||
| Q3 25 | $205.0M | $600.0M | ||
| Q2 25 | $227.0M | $657.4M | ||
| Q1 25 | $223.0M | — | ||
| Q4 24 | $343.0M | — | ||
| Q3 24 | $300.0M | — | ||
| Q2 24 | $183.0M | — | ||
| Q1 24 | $256.0M | — |
总债务ALITDOCU
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.8B | — |
股东权益ALITDOCU
| Q4 25 | $1.0B | $2.0B | ||
| Q3 25 | $2.0B | $2.0B | ||
| Q2 25 | $3.1B | $2.0B | ||
| Q1 25 | $4.2B | — | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $4.5B | — | ||
| Q1 24 | $4.5B | — |
总资产ALITDOCU
| Q4 25 | $4.6B | $4.0B | ||
| Q3 25 | $5.5B | $3.9B | ||
| Q2 25 | $6.8B | $3.9B | ||
| Q1 25 | $7.9B | — | ||
| Q4 24 | $8.2B | — | ||
| Q3 24 | $8.3B | — | ||
| Q2 24 | $10.5B | — | ||
| Q1 24 | $10.7B | — |
负债/权益比ALITDOCU
| Q4 25 | 1.92× | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | 0.62× | — |
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 | $124.0M | $290.3M |
| 自由现金流经营现金流 - 资本支出 | $99.0M | $262.9M |
| 自由现金流率自由现金流/营收 | 15.2% | 32.1% |
| 资本支出强度资本支出/营收 | 3.8% | 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 | $250.0M | — |
8季度趋势，按日历期对齐
经营现金流ALITDOCU
| Q4 25 | $124.0M | $290.3M | ||
| Q3 25 | $77.0M | $246.1M | ||
| Q2 25 | $86.0M | $251.4M | ||
| Q1 25 | $73.0M | — | ||
| Q4 24 | $118.0M | — | ||
| Q3 24 | $-24.0M | — | ||
| Q2 24 | $58.0M | — | ||
| Q1 24 | $100.0M | — |
自由现金流ALITDOCU
| Q4 25 | $99.0M | $262.9M | ||
| Q3 25 | $49.0M | $217.6M | ||
| Q2 25 | $58.0M | $227.8M | ||
| Q1 25 | $44.0M | — | ||
| Q4 24 | $92.0M | — | ||
| Q3 24 | $-52.0M | — | ||
| Q2 24 | $22.0M | — | ||
| Q1 24 | $69.0M | — |
自由现金流率ALITDOCU
| Q4 25 | 15.2% | 32.1% | ||
| Q3 25 | 9.2% | 27.2% | ||
| Q2 25 | 11.0% | 29.8% | ||
| Q1 25 | 8.0% | — | ||
| Q4 24 | 13.5% | — | ||
| Q3 24 | -9.4% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 12.3% | — |
资本支出强度ALITDOCU
| Q4 25 | 3.8% | 3.3% | ||
| Q3 25 | 5.3% | 3.6% | ||
| Q2 25 | 5.3% | 3.1% | ||
| Q1 25 | 5.3% | — | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | 5.0% | — | ||
| Q2 24 | 6.7% | — | ||
| Q1 24 | 5.5% | — |
现金转化率ALITDOCU
| Q4 25 | — | 3.47× | ||
| Q3 25 | — | 3.91× | ||
| Q2 25 | — | 3.49× | ||
| Q1 25 | — | — | ||
| Q4 24 | 14.75× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.52× | — | ||
| 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
ALIT
| Recurring | $607.0M | 93% |
| Projects | $46.0M | 7% |
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
