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AMC Networks Inc.（AMCX）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AMC Networks Inc.的1.4倍（$818.4M vs $594.8M），DOCUSIGN, INC.净利率更高（10.2% vs -9.3%，领先19.6%），DOCUSIGN, INC.同比增速更快（8.4% vs -0.8%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $40.4M）
AMC网络公司是总部位于纽约市的美国独立大众传媒娱乐集团，旗下拥有AMC、BBC美国台、IFC、圣丹斯电视、We TV等多个有线频道，还经营纽约IFC中心艺术影院、独立电影公司、动漫版权发行商，以及AMC+、Acorn TV等多个付费订阅流媒体服务。
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。
AMCX vs DOCU — 直观对比
营收规模更大
DOCU
是对方的1.4倍
$594.8M
营收增速更快
DOCU
高出9.2%
-0.8%
净利率更高
DOCU
高出19.6%
-9.3%
自由现金流更多
DOCU
多$222.5M
$40.4M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $594.8M | $818.4M |
| 净利润 | $-55.5M | $83.7M |
| 毛利率 | 49.7% | 79.2% |
| 营业利润率 | -8.6% | 10.4% |
| 净利率 | -9.3% | 10.2% |
| 营收同比 | -0.8% | 8.4% |
| 净利润同比 | 80.5% | 34.1% |
| 每股收益（稀释后） | $-0.97 | $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AMCXDOCU
| Q4 25 | $594.8M | $818.4M | ||
| Q3 25 | $561.7M | $800.6M | ||
| Q2 25 | $600.0M | $763.7M | ||
| Q1 25 | $555.2M | — | ||
| Q4 24 | $599.3M | — | ||
| Q3 24 | $599.6M | — | ||
| Q2 24 | $625.9M | — | ||
| Q1 24 | $596.5M | — |
净利润AMCXDOCU
| Q4 25 | $-55.5M | $83.7M | ||
| Q3 25 | $76.5M | $63.0M | ||
| Q2 25 | $50.3M | $72.1M | ||
| Q1 25 | $18.0M | — | ||
| Q4 24 | $-284.5M | — | ||
| Q3 24 | $41.4M | — | ||
| Q2 24 | $-29.2M | — | ||
| Q1 24 | $45.8M | — |
毛利率AMCXDOCU
| Q4 25 | 49.7% | 79.2% | ||
| Q3 25 | 48.2% | 79.3% | ||
| Q2 25 | 52.7% | 79.4% | ||
| Q1 25 | 51.8% | — | ||
| Q4 24 | 51.2% | — | ||
| Q3 24 | 52.0% | — | ||
| Q2 24 | 55.2% | — | ||
| Q1 24 | 54.5% | — |
营业利润率AMCXDOCU
| Q4 25 | -8.6% | 10.4% | ||
| Q3 25 | 9.9% | 8.1% | ||
| Q2 25 | 10.7% | 7.9% | ||
| Q1 25 | 11.6% | — | ||
| Q4 24 | -42.4% | — | ||
| Q3 24 | 15.6% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 18.5% | — |
净利率AMCXDOCU
| Q4 25 | -9.3% | 10.2% | ||
| Q3 25 | 13.6% | 7.9% | ||
| Q2 25 | 8.4% | 9.4% | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | -47.5% | — | ||
| Q3 24 | 6.9% | — | ||
| Q2 24 | -4.7% | — | ||
| Q1 24 | 7.7% | — |
每股收益（稀释后）AMCXDOCU
| Q4 25 | $-0.97 | $0.40 | ||
| Q3 25 | $1.38 | $0.30 | ||
| Q2 25 | $0.91 | $0.34 | ||
| Q1 25 | $0.34 | — | ||
| Q4 24 | $-6.23 | — | ||
| Q3 24 | $0.76 | — | ||
| Q2 24 | $-0.66 | — | ||
| Q1 24 | $1.03 | — |
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 | $502.4M | $583.3M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $981.9M | $2.0B |
| 总资产 | $3.9B | $4.0B |
| 负债/权益比越低杠杆越低 | 1.78× | — |
8季度趋势，按日历期对齐
现金及短期投资AMCXDOCU
| Q4 25 | $502.4M | $583.3M | ||
| Q3 25 | $716.8M | $600.0M | ||
| Q2 25 | $866.4M | $657.4M | ||
| Q1 25 | $870.2M | — | ||
| Q4 24 | $784.6M | — | ||
| Q3 24 | $816.4M | — | ||
| Q2 24 | $802.6M | — | ||
| Q1 24 | $690.5M | — |
总债务AMCXDOCU
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.3B | — |
股东权益AMCXDOCU
| Q4 25 | $981.9M | $2.0B | ||
| Q3 25 | $1.1B | $2.0B | ||
| Q2 25 | $971.7M | $2.0B | ||
| Q1 25 | $888.8M | — | ||
| Q4 24 | $855.6M | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
总资产AMCXDOCU
| Q4 25 | $3.9B | $4.0B | ||
| Q3 25 | $4.2B | $3.9B | ||
| Q2 25 | $4.4B | $3.9B | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.4B | — | ||
| Q3 24 | $4.8B | — | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $4.9B | — |
负债/权益比AMCXDOCU
| Q4 25 | 1.78× | — | ||
| Q3 25 | 1.82× | — | ||
| Q2 25 | 2.27× | — | ||
| Q1 25 | 2.62× | — | ||
| Q4 24 | 2.73× | — | ||
| Q3 24 | 2.10× | — | ||
| Q2 24 | 2.26× | — | ||
| Q1 24 | 2.17× | — |
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 | $49.2M | $290.3M |
| 自由现金流经营现金流 - 资本支出 | $40.4M | $262.9M |
| 自由现金流率自由现金流/营收 | 6.8% | 32.1% |
| 资本支出强度资本支出/营收 | 1.5% | 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 | $272.4M | — |
8季度趋势，按日历期对齐
经营现金流AMCXDOCU
| Q4 25 | $49.2M | $290.3M | ||
| Q3 25 | $44.8M | $246.1M | ||
| Q2 25 | $102.8M | $251.4M | ||
| Q1 25 | $108.8M | — | ||
| Q4 24 | $58.1M | — | ||
| Q3 24 | $62.2M | — | ||
| Q2 24 | $104.4M | — | ||
| Q1 24 | $150.9M | — |
自由现金流AMCXDOCU
| Q4 25 | $40.4M | $262.9M | ||
| Q3 25 | $42.0M | $217.6M | ||
| Q2 25 | $95.7M | $227.8M | ||
| Q1 25 | $94.2M | — | ||
| Q4 24 | $37.6M | — | ||
| Q3 24 | $53.9M | — | ||
| Q2 24 | $95.2M | — | ||
| Q1 24 | $144.1M | — |
自由现金流率AMCXDOCU
| Q4 25 | 6.8% | 32.1% | ||
| Q3 25 | 7.5% | 27.2% | ||
| Q2 25 | 16.0% | 29.8% | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 9.0% | — | ||
| Q2 24 | 15.2% | — | ||
| Q1 24 | 24.2% | — |
资本支出强度AMCXDOCU
| Q4 25 | 1.5% | 3.3% | ||
| Q3 25 | 0.5% | 3.6% | ||
| Q2 25 | 1.2% | 3.1% | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 1.4% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 1.1% | — |
现金转化率AMCXDOCU
| Q4 25 | — | 3.47× | ||
| Q3 25 | 0.59× | 3.91× | ||
| Q2 25 | 2.04× | 3.49× | ||
| Q1 25 | 6.03× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 3.29× | — |
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
AMCX
| Subscription And Circulation | $314.8M | 53% |
| Advertising | $124.9M | 21% |
| Other | $79.1M | 13% |
| License | $74.8M | 13% |
| Related Party | $1.2M | 0% |
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
