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AeroVironment Inc（AVAV）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AeroVironment Inc的1.7倍（$818.4M vs $472.5M），DOCUSIGN, INC.净利率更高（10.2% vs -3.6%，领先13.9%），AeroVironment Inc同比增速更快（181.9% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-55.9M）
AeroVironment是1971年由人力飞机设计师保罗·麦克里迪创立的美国国防科技企业，总部位于弗吉尼亚州阿灵顿，专注于自主系统、反无人机系统及航天系统的研发制造，为美国国防部及多国军方供应渡鸦、弹簧刀、黄蜂、美洲狮等系列中小型无人机产品。
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。
AVAV vs DOCU — 直观对比
营收规模更大
DOCU
是对方的1.7倍
$472.5M
营收增速更快
AVAV
高出173.4%
8.4%
净利率更高
DOCU
高出13.9%
-3.6%
自由现金流更多
DOCU
多$318.8M
$-55.9M
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $818.4M |
| 净利润 | $-17.1M | $83.7M |
| 毛利率 | 22.0% | 79.2% |
| 营业利润率 | -6.4% | 10.4% |
| 净利率 | -3.6% | 10.2% |
| 营收同比 | 181.9% | 8.4% |
| 净利润同比 | -875.1% | 34.1% |
| 每股收益（稀释后） | $-0.34 | $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AVAVDOCU
| Q4 25 | $472.5M | $818.4M | ||
| Q3 25 | $454.7M | $800.6M | ||
| Q2 25 | $275.1M | $763.7M | ||
| Q1 25 | $167.6M | — | ||
| Q4 24 | $188.5M | — | ||
| Q3 24 | $189.5M | — | ||
| Q2 24 | $197.0M | — | ||
| Q1 24 | $186.6M | — |
净利润AVAVDOCU
| Q4 25 | $-17.1M | $83.7M | ||
| Q3 25 | $-67.4M | $63.0M | ||
| Q2 25 | $16.7M | $72.1M | ||
| Q1 25 | $-1.8M | — | ||
| Q4 24 | $7.5M | — | ||
| Q3 24 | $21.2M | — | ||
| Q2 24 | $6.0M | — | ||
| Q1 24 | $13.9M | — |
毛利率AVAVDOCU
| Q4 25 | 22.0% | 79.2% | ||
| Q3 25 | 20.9% | 79.3% | ||
| Q2 25 | 36.5% | 79.4% | ||
| Q1 25 | 37.7% | — | ||
| Q4 24 | 39.1% | — | ||
| Q3 24 | 43.0% | — | ||
| Q2 24 | 38.4% | — | ||
| Q1 24 | 36.1% | — |
营业利润率AVAVDOCU
| Q4 25 | -6.4% | 10.4% | ||
| Q3 25 | -15.2% | 8.1% | ||
| Q2 25 | 5.0% | 7.9% | ||
| Q1 25 | -1.8% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 12.2% | — | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 7.7% | — |
净利率AVAVDOCU
| Q4 25 | -3.6% | 10.2% | ||
| Q3 25 | -14.8% | 7.9% | ||
| Q2 25 | 6.1% | 9.4% | ||
| Q1 25 | -1.0% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 11.2% | — | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 7.4% | — |
每股收益（稀释后）AVAVDOCU
| Q4 25 | $-0.34 | $0.40 | ||
| Q3 25 | $-1.44 | $0.30 | ||
| Q2 25 | $0.59 | $0.34 | ||
| Q1 25 | $-0.06 | — | ||
| Q4 24 | $0.27 | — | ||
| Q3 24 | $0.75 | — | ||
| Q2 24 | $0.18 | — | ||
| Q1 24 | $0.50 | — |
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 | $588.5M | $583.3M |
| 总债务越低越好 | $747.5M | — |
| 股东权益账面价值 | $4.4B | $2.0B |
| 总资产 | $5.6B | $4.0B |
| 负债/权益比越低杠杆越低 | 0.17× | — |
8季度趋势，按日历期对齐
现金及短期投资AVAVDOCU
| Q4 25 | $588.5M | $583.3M | ||
| Q3 25 | $685.8M | $600.0M | ||
| Q2 25 | $40.9M | $657.4M | ||
| Q1 25 | $47.0M | — | ||
| Q4 24 | $69.0M | — | ||
| Q3 24 | $81.2M | — | ||
| Q2 24 | $73.3M | — | ||
| Q1 24 | $107.7M | — |
总债务AVAVDOCU
| Q4 25 | $747.5M | — | ||
| Q3 25 | $747.5M | — | ||
| Q2 25 | $30.0M | — | ||
| Q1 25 | $25.0M | — | ||
| Q4 24 | $15.0M | — | ||
| Q3 24 | $17.5M | — | ||
| Q2 24 | $28.0M | — | ||
| Q1 24 | $40.0M | — |
股东权益AVAVDOCU
| Q4 25 | $4.4B | $2.0B | ||
| Q3 25 | $4.4B | $2.0B | ||
| Q2 25 | $886.5M | $2.0B | ||
| Q1 25 | $861.1M | — | ||
| Q4 24 | $858.4M | — | ||
| Q3 24 | $845.5M | — | ||
| Q2 24 | $822.7M | — | ||
| Q1 24 | $813.0M | — |
总资产AVAVDOCU
| Q4 25 | $5.6B | $4.0B | ||
| Q3 25 | $5.6B | $3.9B | ||
| Q2 25 | $1.1B | $3.9B | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $999.2M | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $980.3M | — |
负债/权益比AVAVDOCU
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 0.02× | — | ||
| Q3 24 | 0.02× | — | ||
| Q2 24 | 0.03× | — | ||
| Q1 24 | 0.05× | — |
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 | $-45.1M | $290.3M |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | $262.9M |
| 自由现金流率自由现金流/营收 | -11.8% | 32.1% |
| 资本支出强度资本支出/营收 | 2.3% | 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 | $-240.7M | — |
8季度趋势，按日历期对齐
经营现金流AVAVDOCU
| Q4 25 | $-45.1M | $290.3M | ||
| Q3 25 | $-123.7M | $246.1M | ||
| Q2 25 | $-264.0K | $251.4M | ||
| Q1 25 | $-25.8M | — | ||
| Q4 24 | $-3.6M | — | ||
| Q3 24 | $28.4M | — | ||
| Q2 24 | $-11.7M | — | ||
| Q1 24 | $52.6M | — |
自由现金流AVAVDOCU
| Q4 25 | $-55.9M | $262.9M | ||
| Q3 25 | $-146.5M | $217.6M | ||
| Q2 25 | $-8.8M | $227.8M | ||
| Q1 25 | $-29.6M | — | ||
| Q4 24 | $-8.7M | — | ||
| Q3 24 | $22.9M | — | ||
| Q2 24 | $-20.8M | — | ||
| Q1 24 | $48.8M | — |
自由现金流率AVAVDOCU
| Q4 25 | -11.8% | 32.1% | ||
| Q3 25 | -32.2% | 27.2% | ||
| Q2 25 | -3.2% | 29.8% | ||
| Q1 25 | -17.7% | — | ||
| Q4 24 | -4.6% | — | ||
| Q3 24 | 12.1% | — | ||
| Q2 24 | -10.5% | — | ||
| Q1 24 | 26.1% | — |
资本支出强度AVAVDOCU
| Q4 25 | 2.3% | 3.3% | ||
| Q3 25 | 5.0% | 3.6% | ||
| Q2 25 | 3.1% | 3.1% | ||
| Q1 25 | 2.3% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 4.6% | — | ||
| Q1 24 | 2.0% | — |
现金转化率AVAVDOCU
| Q4 25 | — | 3.47× | ||
| Q3 25 | — | 3.91× | ||
| Q2 25 | -0.02× | 3.49× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.48× | — | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | -1.93× | — | ||
| Q1 24 | 3.79× | — |
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
AVAV
| Services | $130.2M | 28% |
| Cost Plus | $95.8M | 20% |
| Uncrewed Aircraft Systems | $89.8M | 19% |
| Space And Directed Energy | $53.2M | 11% |
| Non U.s.Government | $42.2M | 9% |
| TM | $31.9M | 7% |
| Other | $30.7M | 7% |
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
