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AFFILIATED MANAGERS GROUP, INC.（AMG）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AFFILIATED MANAGERS GROUP, INC.的1.5倍（$818.4M vs $556.6M），AFFILIATED MANAGERS GROUP, INC.净利率更高（62.4% vs 10.2%，领先52.2%），DOCUSIGN, INC.同比增速更快（8.4% vs 6.2%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $254.5M）
Affiliated Managers Group（简称AMG）是一家成立于1993年的美国金融服务企业，总部位于佛罗里达州西棕榈滩。公司股票在纽约证券交易所挂牌交易，代码为AMG，同时是标普400美国中型企业指数的成份股。
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。
AMG vs DOCU — 直观对比
营收规模更大
DOCU
是对方的1.5倍
$556.6M
营收增速更快
DOCU
高出2.3%
6.2%
净利率更高
AMG
高出52.2%
10.2%
自由现金流更多
DOCU
多$8.4M
$254.5M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $556.6M | $818.4M |
| 净利润 | $347.5M | $83.7M |
| 毛利率 | — | 79.2% |
| 营业利润率 | 94.4% | 10.4% |
| 净利率 | 62.4% | 10.2% |
| 营收同比 | 6.2% | 8.4% |
| 净利润同比 | 114.2% | 34.1% |
| 每股收益（稀释后） | $10.87 | $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AMGDOCU
| Q4 25 | $556.6M | $818.4M | ||
| Q3 25 | $528.0M | $800.6M | ||
| Q2 25 | $493.2M | $763.7M | ||
| Q1 25 | $496.6M | — | ||
| Q4 24 | $524.3M | — | ||
| Q3 24 | $516.4M | — | ||
| Q2 24 | $500.3M | — | ||
| Q1 24 | $499.9M | — |
净利润AMGDOCU
| Q4 25 | $347.5M | $83.7M | ||
| Q3 25 | $212.4M | $63.0M | ||
| Q2 25 | $84.3M | $72.1M | ||
| Q1 25 | $72.4M | — | ||
| Q4 24 | $162.2M | — | ||
| Q3 24 | $123.6M | — | ||
| Q2 24 | $76.0M | — | ||
| Q1 24 | $149.8M | — |
毛利率AMGDOCU
| 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AMGDOCU
| Q4 25 | 94.4% | 10.4% | ||
| Q3 25 | 68.7% | 8.1% | ||
| Q2 25 | 34.8% | 7.9% | ||
| Q1 25 | 25.5% | — | ||
| Q4 24 | 52.2% | — | ||
| Q3 24 | 42.0% | — | ||
| Q2 24 | 35.6% | — | ||
| Q1 24 | 50.8% | — |
净利率AMGDOCU
| Q4 25 | 62.4% | 10.2% | ||
| Q3 25 | 40.2% | 7.9% | ||
| Q2 25 | 17.1% | 9.4% | ||
| Q1 25 | 14.6% | — | ||
| Q4 24 | 30.9% | — | ||
| Q3 24 | 23.9% | — | ||
| Q2 24 | 15.2% | — | ||
| Q1 24 | 30.0% | — |
每股收益（稀释后）AMGDOCU
| Q4 25 | $10.87 | $0.40 | ||
| Q3 25 | $6.87 | $0.30 | ||
| Q2 25 | $2.80 | $0.34 | ||
| Q1 25 | $2.20 | — | ||
| Q4 24 | $4.95 | — | ||
| Q3 24 | $3.78 | — | ||
| Q2 24 | $2.26 | — | ||
| Q1 24 | $4.14 | — |
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 | $586.0M | $583.3M |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $3.2B | $2.0B |
| 总资产 | $9.2B | $4.0B |
| 负债/权益比越低杠杆越低 | 0.83× | — |
8季度趋势，按日历期对齐
现金及短期投资AMGDOCU
| Q4 25 | $586.0M | $583.3M | ||
| Q3 25 | $476.1M | $600.0M | ||
| Q2 25 | $361.0M | $657.4M | ||
| Q1 25 | $816.5M | — | ||
| Q4 24 | $950.0M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $865.5M | — | ||
| Q1 24 | $793.4M | — |
总债务AMGDOCU
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.5B | — |
股东权益AMGDOCU
| Q4 25 | $3.2B | $2.0B | ||
| Q3 25 | $3.3B | $2.0B | ||
| Q2 25 | $3.2B | $2.0B | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.3B | — | ||
| Q2 24 | $3.3B | — | ||
| Q1 24 | $3.6B | — |
总资产AMGDOCU
| Q4 25 | $9.2B | $4.0B | ||
| Q3 25 | $8.9B | $3.9B | ||
| Q2 25 | $8.8B | $3.9B | ||
| Q1 25 | $8.7B | — | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | $8.9B | — | ||
| Q2 24 | $8.8B | — | ||
| Q1 24 | $9.0B | — |
负债/权益比AMGDOCU
| Q4 25 | 0.83× | — | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.70× | — |
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 | $256.4M | $290.3M |
| 自由现金流经营现金流 - 资本支出 | $254.5M | $262.9M |
| 自由现金流率自由现金流/营收 | 45.7% | 32.1% |
| 资本支出强度资本支出/营收 | 0.3% | 3.3% |
| 现金转化率经营现金流/净利润 | 0.74× | 3.47× |
| 过去12个月自由现金流最近4个季度 | $967.1M | — |
8季度趋势，按日历期对齐
经营现金流AMGDOCU
| Q4 25 | $256.4M | $290.3M | ||
| Q3 25 | $277.1M | $246.1M | ||
| Q2 25 | $230.8M | $251.4M | ||
| Q1 25 | $208.9M | — | ||
| Q4 24 | $212.5M | — | ||
| Q3 24 | $265.2M | — | ||
| Q2 24 | $245.2M | — | ||
| Q1 24 | $209.2M | — |
自由现金流AMGDOCU
| Q4 25 | $254.5M | $262.9M | ||
| Q3 25 | $275.9M | $217.6M | ||
| Q2 25 | $229.4M | $227.8M | ||
| Q1 25 | $207.3M | — | ||
| Q4 24 | $211.4M | — | ||
| Q3 24 | $264.5M | — | ||
| Q2 24 | $244.6M | — | ||
| Q1 24 | $208.2M | — |
自由现金流率AMGDOCU
| Q4 25 | 45.7% | 32.1% | ||
| Q3 25 | 52.3% | 27.2% | ||
| Q2 25 | 46.5% | 29.8% | ||
| Q1 25 | 41.7% | — | ||
| Q4 24 | 40.3% | — | ||
| Q3 24 | 51.2% | — | ||
| Q2 24 | 48.9% | — | ||
| Q1 24 | 41.6% | — |
资本支出强度AMGDOCU
| Q4 25 | 0.3% | 3.3% | ||
| Q3 25 | 0.2% | 3.6% | ||
| Q2 25 | 0.3% | 3.1% | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.2% | — |
现金转化率AMGDOCU
| Q4 25 | 0.74× | 3.47× | ||
| Q3 25 | 1.30× | 3.91× | ||
| Q2 25 | 2.74× | 3.49× | ||
| Q1 25 | 2.89× | — | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | 2.15× | — | ||
| Q2 24 | 3.23× | — | ||
| Q1 24 | 1.40× | — |
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
AMG
暂无分部数据
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
