vs
AMN HEALTHCARE SERVICES INC（AMN）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AMN HEALTHCARE SERVICES INC的1.1倍（$818.4M vs $748.2M），DOCUSIGN, INC.净利率更高（10.2% vs -1.0%，领先11.3%），DOCUSIGN, INC.同比增速更快（8.4% vs 1.8%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $67.6M）
AMN医疗保健服务公司是美国领先的医疗人力资源解决方案提供商，主要为医院、诊所等各类医疗机构提供护士、医师、医技人员及其他临床、非临床岗位的临时与长期派遣服务，同时提供医护团队管理技术支持及相关咨询服务。
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。
AMN vs DOCU — 直观对比
营收规模更大
DOCU
是对方的1.1倍
$748.2M
营收增速更快
DOCU
高出6.6%
1.8%
净利率更高
DOCU
高出11.3%
-1.0%
自由现金流更多
DOCU
多$195.3M
$67.6M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $748.2M | $818.4M |
| 净利润 | $-7.7M | $83.7M |
| 毛利率 | 26.1% | 79.2% |
| 营业利润率 | 1.1% | 10.4% |
| 净利率 | -1.0% | 10.2% |
| 营收同比 | 1.8% | 8.4% |
| 净利润同比 | 95.9% | 34.1% |
| 每股收益（稀释后） | $-0.19 | $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AMNDOCU
| Q4 25 | $748.2M | $818.4M | ||
| Q3 25 | $634.5M | $800.6M | ||
| Q2 25 | $658.2M | $763.7M | ||
| Q1 25 | $689.5M | — | ||
| Q4 24 | $734.7M | — | ||
| Q3 24 | $687.5M | — | ||
| Q2 24 | $740.7M | — | ||
| Q1 24 | $820.9M | — |
净利润AMNDOCU
| Q4 25 | $-7.7M | $83.7M | ||
| Q3 25 | $29.3M | $63.0M | ||
| Q2 25 | $-116.2M | $72.1M | ||
| Q1 25 | $-1.1M | — | ||
| Q4 24 | $-187.5M | — | ||
| Q3 24 | $7.0M | — | ||
| Q2 24 | $16.2M | — | ||
| Q1 24 | $17.3M | — |
毛利率AMNDOCU
| Q4 25 | 26.1% | 79.2% | ||
| Q3 25 | 29.1% | 79.3% | ||
| Q2 25 | 29.8% | 79.4% | ||
| Q1 25 | 28.7% | — | ||
| Q4 24 | 29.8% | — | ||
| Q3 24 | 31.0% | — | ||
| Q2 24 | 31.0% | — | ||
| Q1 24 | 31.4% | — |
营业利润率AMNDOCU
| Q4 25 | 1.1% | 10.4% | ||
| Q3 25 | 7.5% | 8.1% | ||
| Q2 25 | -18.8% | 7.9% | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | -27.6% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | 4.9% | — |
净利率AMNDOCU
| Q4 25 | -1.0% | 10.2% | ||
| Q3 25 | 4.6% | 7.9% | ||
| Q2 25 | -17.7% | 9.4% | ||
| Q1 25 | -0.2% | — | ||
| Q4 24 | -25.5% | — | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 2.1% | — |
每股收益（稀释后）AMNDOCU
| Q4 25 | $-0.19 | $0.40 | ||
| Q3 25 | $0.76 | $0.30 | ||
| Q2 25 | $-3.02 | $0.34 | ||
| Q1 25 | $-0.03 | — | ||
| Q4 24 | $-4.90 | — | ||
| Q3 24 | $0.18 | — | ||
| Q2 24 | $0.42 | — | ||
| Q1 24 | $0.45 | — |
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 | $34.0M | $583.3M |
| 总债务越低越好 | $767.1M | — |
| 股东权益账面价值 | $642.1M | $2.0B |
| 总资产 | $2.1B | $4.0B |
| 负债/权益比越低杠杆越低 | 1.19× | — |
8季度趋势，按日历期对齐
现金及短期投资AMNDOCU
| Q4 25 | $34.0M | $583.3M | ||
| Q3 25 | $52.6M | $600.0M | ||
| Q2 25 | $41.5M | $657.4M | ||
| Q1 25 | $55.8M | — | ||
| Q4 24 | $10.6M | — | ||
| Q3 24 | $30.6M | — | ||
| Q2 24 | $48.0M | — | ||
| Q1 24 | $50.6M | — |
总债务AMNDOCU
| Q4 25 | $767.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AMNDOCU
| Q4 25 | $642.1M | $2.0B | ||
| Q3 25 | $644.4M | $2.0B | ||
| Q2 25 | $607.6M | $2.0B | ||
| Q1 25 | $715.1M | — | ||
| Q4 24 | $706.6M | — | ||
| Q3 24 | $890.7M | — | ||
| Q2 24 | $876.9M | — | ||
| Q1 24 | $854.2M | — |
总资产AMNDOCU
| Q4 25 | $2.1B | $4.0B | ||
| Q3 25 | $2.1B | $3.9B | ||
| Q2 25 | $2.2B | $3.9B | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
负债/权益比AMNDOCU
| Q4 25 | 1.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.49× | — | ||
| 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 | $75.6M | $290.3M |
| 自由现金流经营现金流 - 资本支出 | $67.6M | $262.9M |
| 自由现金流率自由现金流/营收 | 9.0% | 32.1% |
| 资本支出强度资本支出/营收 | 1.1% | 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 | $233.8M | — |
8季度趋势，按日历期对齐
经营现金流AMNDOCU
| Q4 25 | $75.6M | $290.3M | ||
| Q3 25 | $22.7M | $246.1M | ||
| Q2 25 | $78.5M | $251.4M | ||
| Q1 25 | $92.7M | — | ||
| Q4 24 | $72.8M | — | ||
| Q3 24 | $66.7M | — | ||
| Q2 24 | $99.5M | — | ||
| Q1 24 | $81.4M | — |
自由现金流AMNDOCU
| Q4 25 | $67.6M | $262.9M | ||
| Q3 25 | $14.8M | $217.6M | ||
| Q2 25 | $68.7M | $227.8M | ||
| Q1 25 | $82.7M | — | ||
| Q4 24 | $56.6M | — | ||
| Q3 24 | $47.4M | — | ||
| Q2 24 | $72.2M | — | ||
| Q1 24 | $63.2M | — |
自由现金流率AMNDOCU
| Q4 25 | 9.0% | 32.1% | ||
| Q3 25 | 2.3% | 27.2% | ||
| Q2 25 | 10.4% | 29.8% | ||
| Q1 25 | 12.0% | — | ||
| Q4 24 | 7.7% | — | ||
| Q3 24 | 6.9% | — | ||
| Q2 24 | 9.8% | — | ||
| Q1 24 | 7.7% | — |
资本支出强度AMNDOCU
| Q4 25 | 1.1% | 3.3% | ||
| Q3 25 | 1.2% | 3.6% | ||
| Q2 25 | 1.5% | 3.1% | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | 3.7% | — | ||
| Q1 24 | 2.2% | — |
现金转化率AMNDOCU
| Q4 25 | — | 3.47× | ||
| Q3 25 | 0.77× | 3.91× | ||
| Q2 25 | — | 3.49× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 9.54× | — | ||
| Q2 24 | 6.13× | — | ||
| Q1 24 | 4.70× | — |
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
AMN
| Travel Nurse Staffing | $208.3M | 28% |
| Allied Staffing | $146.9M | 20% |
| Labor Disruption Services | $124.3M | 17% |
| Technology And Workforce Solutions | $88.0M | 12% |
| Language Services | $69.9M | 9% |
| Other | $29.6M | 4% |
| International Nurse Staffing | $29.6M | 4% |
| Interim Leadership Staffing | $24.1M | 3% |
| Vendor Management Systems | $16.3M | 2% |
| Local Staffing | $8.6M | 1% |
| International Nurse Permanent Placement | $2.6M | 0% |
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
