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A.O.史密斯（AOS）与DOCUSIGN, INC.（DOCU）财务数据对比。点击上方公司名可切换其他公司
A.O.史密斯的季度营收约是DOCUSIGN, INC.的1.2倍（$945.6M vs $818.4M），A.O.史密斯净利率更高（12.5% vs 10.2%，领先2.2%），DOCUSIGN, INC.同比增速更快（8.4% vs -2.0%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $118.9M）
A.O.史密斯是美国知名的家用及商用热水器、锅炉生产商，也是北美规模最大的热水器制造销售商，在亚洲市场还供应水处理和净化产品。公司在全球共有27个站点，包括北美5座生产基地，以及位于印度班加罗尔、中国南京、荷兰费尔德霍芬的工厂。
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。
AOS vs DOCU — 直观对比
营收规模更大
AOS
是对方的1.2倍
$818.4M
营收增速更快
DOCU
高出10.4%
-2.0%
净利率更高
AOS
高出2.2%
10.2%
自由现金流更多
DOCU
多$144.0M
$118.9M
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $945.6M | $818.4M |
| 净利润 | $118.0M | $83.7M |
| 毛利率 | 38.7% | 79.2% |
| 营业利润率 | — | 10.4% |
| 净利率 | 12.5% | 10.2% |
| 营收同比 | -2.0% | 8.4% |
| 净利润同比 | -14.0% | 34.1% |
| 每股收益（稀释后） | $0.85 | $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AOSDOCU
| Q1 26 | $945.6M | — | ||
| Q4 25 | $912.5M | $818.4M | ||
| Q3 25 | $942.5M | $800.6M | ||
| Q2 25 | $1.0B | $763.7M | ||
| Q1 25 | $963.9M | — | ||
| Q4 24 | $912.4M | — | ||
| Q3 24 | $902.6M | — | ||
| Q2 24 | $1.0B | — |
净利润AOSDOCU
| Q1 26 | $118.0M | — | ||
| Q4 25 | $125.4M | $83.7M | ||
| Q3 25 | $132.0M | $63.0M | ||
| Q2 25 | $152.2M | $72.1M | ||
| Q1 25 | $136.6M | — | ||
| Q4 24 | $109.7M | — | ||
| Q3 24 | $120.1M | — | ||
| Q2 24 | $156.2M | — |
毛利率AOSDOCU
| Q1 26 | 38.7% | — | ||
| Q4 25 | 38.4% | 79.2% | ||
| Q3 25 | 38.7% | 79.3% | ||
| Q2 25 | 39.3% | 79.4% | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 37.4% | — | ||
| Q2 24 | 38.7% | — |
营业利润率AOSDOCU
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | 10.4% | ||
| Q3 25 | 18.6% | 8.1% | ||
| Q2 25 | 20.4% | 7.9% | ||
| Q1 25 | 19.1% | — | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 19.5% | — | ||
| Q2 24 | 21.9% | — |
净利率AOSDOCU
| Q1 26 | 12.5% | — | ||
| Q4 25 | 13.7% | 10.2% | ||
| Q3 25 | 14.0% | 7.9% | ||
| Q2 25 | 15.0% | 9.4% | ||
| Q1 25 | 14.2% | — | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 13.3% | — | ||
| Q2 24 | 15.2% | — |
每股收益（稀释后）AOSDOCU
| Q1 26 | $0.85 | — | ||
| Q4 25 | $0.89 | $0.40 | ||
| Q3 25 | $0.94 | $0.30 | ||
| Q2 25 | $1.07 | $0.34 | ||
| Q1 25 | $0.95 | — | ||
| Q4 24 | $0.75 | — | ||
| Q3 24 | $0.82 | — | ||
| Q2 24 | $1.06 | — |
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 | $185.2M | $583.3M |
| 总债务越低越好 | $574.2M | — |
| 股东权益账面价值 | $1.9B | $2.0B |
| 总资产 | $3.7B | $4.0B |
| 负债/权益比越低杠杆越低 | 0.31× | — |
8季度趋势，按日历期对齐
现金及短期投资AOSDOCU
| Q1 26 | $185.2M | — | ||
| Q4 25 | $193.2M | $583.3M | ||
| Q3 25 | $172.8M | $600.0M | ||
| Q2 25 | $177.9M | $657.4M | ||
| Q1 25 | $200.2M | — | ||
| Q4 24 | $276.1M | — | ||
| Q3 24 | $255.6M | — | ||
| Q2 24 | $233.3M | — |
总债务AOSDOCU
| Q1 26 | $574.2M | — | ||
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益AOSDOCU
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $2.0B | ||
| Q3 25 | $1.8B | $2.0B | ||
| Q2 25 | $1.8B | $2.0B | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | — |
总资产AOSDOCU
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.1B | $4.0B | ||
| Q3 25 | $3.2B | $3.9B | ||
| Q2 25 | $3.2B | $3.9B | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
负债/权益比AOSDOCU
| Q1 26 | 0.31× | — | ||
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $290.3M |
| 自由现金流经营现金流 - 资本支出 | $118.9M | $262.9M |
| 自由现金流率自由现金流/营收 | 12.6% | 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 | $647.5M | — |
8季度趋势，按日历期对齐
经营现金流AOSDOCU
| Q1 26 | — | — | ||
| Q4 25 | $183.1M | $290.3M | ||
| Q3 25 | $255.4M | $246.1M | ||
| Q2 25 | $139.6M | $251.4M | ||
| Q1 25 | $38.7M | — | ||
| Q4 24 | $221.9M | — | ||
| Q3 24 | $195.9M | — | ||
| Q2 24 | $57.4M | — |
自由现金流AOSDOCU
| Q1 26 | $118.9M | — | ||
| Q4 25 | $165.5M | $262.9M | ||
| Q3 25 | $240.6M | $217.6M | ||
| Q2 25 | $122.5M | $227.8M | ||
| Q1 25 | $17.4M | — | ||
| Q4 24 | $191.3M | — | ||
| Q3 24 | $163.4M | — | ||
| Q2 24 | $34.5M | — |
自由现金流率AOSDOCU
| Q1 26 | 12.6% | — | ||
| Q4 25 | 18.1% | 32.1% | ||
| Q3 25 | 25.5% | 27.2% | ||
| Q2 25 | 12.1% | 29.8% | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 21.0% | — | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | 3.4% | — |
资本支出强度AOSDOCU
| Q1 26 | 1.1% | — | ||
| Q4 25 | 1.9% | 3.3% | ||
| Q3 25 | 1.6% | 3.6% | ||
| Q2 25 | 1.7% | 3.1% | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 2.2% | — |
现金转化率AOSDOCU
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | 3.47× | ||
| Q3 25 | 1.93× | 3.91× | ||
| Q2 25 | 0.92× | 3.49× | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 0.37× | — |
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
AOS
暂无分部数据
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
