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AvalonBay Communities（AVB）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AvalonBay Communities的1.1倍（$818.4M vs $767.9M），AvalonBay Communities净利率更高（9040.6% vs 10.2%，领先9030.3%），DOCUSIGN, INC.同比增速更快（8.4% vs 3.7%），AvalonBay Communities自由现金流更多（$1.4B vs $262.9M）
AvalonBay Communities是一家公开上市的房地产投资信托（REIT），核心业务聚焦公寓类不动产的投资与运营，旗下持有并管理大量区位优质的公寓项目，为租户提供高品质居住服务，在北美住宅地产投资领域拥有较高知名度。
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。
AVB vs DOCU — 直观对比
营收规模更大
DOCU
是对方的1.1倍
$767.9M
营收增速更快
DOCU
高出4.7%
3.7%
净利率更高
AVB
高出9030.3%
10.2%
自由现金流更多
AVB
多$1.1B
$262.9M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $767.9M | $818.4M |
| 净利润 | $166.0M | $83.7M |
| 毛利率 | — | 79.2% |
| 营业利润率 | 64.2% | 10.4% |
| 净利率 | 9040.6% | 10.2% |
| 营收同比 | 3.7% | 8.4% |
| 净利润同比 | -41.2% | 34.1% |
| 每股收益（稀释后） | $1.18 | $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AVBDOCU
| Q4 25 | $767.9M | $818.4M | ||
| Q3 25 | $766.8M | $800.6M | ||
| Q2 25 | $760.2M | $763.7M | ||
| Q1 25 | $745.9M | — | ||
| Q4 24 | $740.5M | — | ||
| Q3 24 | $734.3M | — | ||
| Q2 24 | $726.0M | — | ||
| Q1 24 | $712.9M | — |
净利润AVBDOCU
| Q4 25 | $166.0M | $83.7M | ||
| Q3 25 | $381.3M | $63.0M | ||
| Q2 25 | $268.7M | $72.1M | ||
| Q1 25 | $236.6M | — | ||
| Q4 24 | $282.1M | — | ||
| Q3 24 | $372.5M | — | ||
| Q2 24 | $253.9M | — | ||
| Q1 24 | $173.4M | — |
毛利率AVBDOCU
| 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AVBDOCU
| Q4 25 | 64.2% | 10.4% | ||
| Q3 25 | 65.7% | 8.1% | ||
| Q2 25 | 67.6% | 7.9% | ||
| Q1 25 | 68.5% | — | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | 65.4% | — | ||
| Q2 24 | 66.6% | — | ||
| Q1 24 | 67.2% | — |
净利率AVBDOCU
| Q4 25 | 9040.6% | 10.2% | ||
| Q3 25 | 49.7% | 7.9% | ||
| Q2 25 | 35.3% | 9.4% | ||
| Q1 25 | 31.7% | — | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 50.7% | — | ||
| Q2 24 | 35.0% | — | ||
| Q1 24 | 24.3% | — |
每股收益（稀释后）AVBDOCU
| Q4 25 | $1.18 | $0.40 | ||
| Q3 25 | $2.68 | $0.30 | ||
| Q2 25 | $1.88 | $0.34 | ||
| Q1 25 | $1.66 | — | ||
| Q4 24 | $1.99 | — | ||
| Q3 24 | $2.61 | — | ||
| Q2 24 | $1.78 | — | ||
| Q1 24 | $1.22 | — |
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 | $187.2M | $583.3M |
| 总债务越低越好 | $9.3B | — |
| 股东权益账面价值 | $11.6B | $2.0B |
| 总资产 | $22.2B | $4.0B |
| 负债/权益比越低杠杆越低 | 0.80× | — |
8季度趋势，按日历期对齐
现金及短期投资AVBDOCU
| Q4 25 | $187.2M | $583.3M | ||
| Q3 25 | $123.3M | $600.0M | ||
| Q2 25 | $102.8M | $657.4M | ||
| Q1 25 | $53.3M | — | ||
| Q4 24 | $108.6M | — | ||
| Q3 24 | $552.4M | — | ||
| Q2 24 | $545.8M | — | ||
| Q1 24 | $287.9M | — |
总债务AVBDOCU
| Q4 25 | $9.3B | — | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $8.7B | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.4B | — | ||
| Q2 24 | $8.4B | — | ||
| Q1 24 | $8.0B | — |
股东权益AVBDOCU
| Q4 25 | $11.6B | $2.0B | ||
| Q3 25 | $11.9B | $2.0B | ||
| Q2 25 | $11.9B | $2.0B | ||
| Q1 25 | $11.9B | — | ||
| Q4 24 | $11.9B | — | ||
| Q3 24 | $11.9B | — | ||
| Q2 24 | $11.7B | — | ||
| Q1 24 | $11.7B | — |
总资产AVBDOCU
| Q4 25 | $22.2B | $4.0B | ||
| Q3 25 | $21.9B | $3.9B | ||
| Q2 25 | $21.8B | $3.9B | ||
| Q1 25 | $21.2B | — | ||
| Q4 24 | $21.0B | — | ||
| Q3 24 | $21.3B | — | ||
| Q2 24 | $21.0B | — | ||
| Q1 24 | $20.6B | — |
负债/权益比AVBDOCU
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.68× | — |
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 | $1.7B | $290.3M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $262.9M |
| 自由现金流率自由现金流/营收 | 183.5% | 32.1% |
| 资本支出强度资本支出/营收 | 34.1% | 3.3% |
| 现金转化率经营现金流/净利润 | 10.07× | 3.47× |
| 过去12个月自由现金流最近4个季度 | $2.5B | — |
8季度趋势，按日历期对齐
经营现金流AVBDOCU
| Q4 25 | $1.7B | $290.3M | ||
| Q3 25 | $477.0M | $246.1M | ||
| Q2 25 | $377.8M | $251.4M | ||
| Q1 25 | $415.9M | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $486.2M | — | ||
| Q2 24 | $380.0M | — | ||
| Q1 24 | $412.9M | — |
自由现金流AVBDOCU
| Q4 25 | $1.4B | $262.9M | ||
| Q3 25 | $402.2M | $217.6M | ||
| Q2 25 | $317.1M | $227.8M | ||
| Q1 25 | $367.5M | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $434.2M | — | ||
| Q2 24 | $333.0M | — | ||
| Q1 24 | $375.4M | — |
自由现金流率AVBDOCU
| Q4 25 | 183.5% | 32.1% | ||
| Q3 25 | 52.5% | 27.2% | ||
| Q2 25 | 41.7% | 29.8% | ||
| Q1 25 | 49.3% | — | ||
| Q4 24 | 191.0% | — | ||
| Q3 24 | 59.1% | — | ||
| Q2 24 | 45.9% | — | ||
| Q1 24 | 52.7% | — |
资本支出强度AVBDOCU
| Q4 25 | 34.1% | 3.3% | ||
| Q3 25 | 9.8% | 3.6% | ||
| Q2 25 | 8.0% | 3.1% | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 7.1% | — | ||
| Q2 24 | 6.5% | — | ||
| Q1 24 | 5.3% | — |
现金转化率AVBDOCU
| Q4 25 | 10.07× | 3.47× | ||
| Q3 25 | 1.25× | 3.91× | ||
| Q2 25 | 1.41× | 3.49× | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 5.70× | — | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 2.38× | — |
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
AVB
暂无分部数据
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
