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普立万（AVNT）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.的季度营收约是普立万的1.1倍（$818.4M vs $760.6M），DOCUSIGN, INC.净利率更高（10.2% vs 2.2%，领先8.0%），DOCUSIGN, INC.同比增速更快（8.4% vs 1.9%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $125.4M）
普立万公司是一家全球性材料解决方案供应商，总部位于美国俄亥俄州埃文湖，全球员工约9000人。主营产品涵盖色母粒、先进复合材料、功能添加剂以及工程材料，为多行业客户提供定制化的材料相关技术支持与解决方案。
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。
AVNT vs DOCU — 直观对比
营收规模更大
DOCU
是对方的1.1倍
$760.6M
营收增速更快
DOCU
高出6.5%
1.9%
净利率更高
DOCU
高出8.0%
2.2%
自由现金流更多
DOCU
多$137.5M
$125.4M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $760.6M | $818.4M |
| 净利润 | $16.9M | $83.7M |
| 毛利率 | 30.2% | 79.2% |
| 营业利润率 | 5.2% | 10.4% |
| 净利率 | 2.2% | 10.2% |
| 营收同比 | 1.9% | 8.4% |
| 净利润同比 | -65.0% | 34.1% |
| 每股收益（稀释后） | $0.18 | $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AVNTDOCU
| Q4 25 | $760.6M | $818.4M | ||
| Q3 25 | $806.5M | $800.6M | ||
| Q2 25 | $866.5M | $763.7M | ||
| Q1 25 | $826.6M | — | ||
| Q4 24 | $746.5M | — | ||
| Q3 24 | $815.2M | — | ||
| Q2 24 | $849.7M | — | ||
| Q1 24 | $829.0M | — |
净利润AVNTDOCU
| Q4 25 | $16.9M | $83.7M | ||
| Q3 25 | $32.6M | $63.0M | ||
| Q2 25 | $52.6M | $72.1M | ||
| Q1 25 | $-20.2M | — | ||
| Q4 24 | $48.3M | — | ||
| Q3 24 | $38.2M | — | ||
| Q2 24 | $33.6M | — | ||
| Q1 24 | $49.4M | — |
毛利率AVNTDOCU
| Q4 25 | 30.2% | 79.2% | ||
| Q3 25 | 30.4% | 79.3% | ||
| Q2 25 | 32.1% | 79.4% | ||
| Q1 25 | 31.8% | — | ||
| Q4 24 | 34.8% | — | ||
| Q3 24 | 32.1% | — | ||
| Q2 24 | 30.3% | — | ||
| Q1 24 | 33.6% | — |
营业利润率AVNTDOCU
| Q4 25 | 5.2% | 10.4% | ||
| Q3 25 | 8.3% | 8.1% | ||
| Q2 25 | 11.1% | 7.9% | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 11.5% | — | ||
| Q3 24 | 9.5% | — | ||
| Q2 24 | 8.5% | — | ||
| Q1 24 | 11.3% | — |
净利率AVNTDOCU
| Q4 25 | 2.2% | 10.2% | ||
| Q3 25 | 4.0% | 7.9% | ||
| Q2 25 | 6.1% | 9.4% | ||
| Q1 25 | -2.4% | — | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | 4.7% | — | ||
| Q2 24 | 4.0% | — | ||
| Q1 24 | 6.0% | — |
每股收益（稀释后）AVNTDOCU
| Q4 25 | $0.18 | $0.40 | ||
| Q3 25 | $0.36 | $0.30 | ||
| Q2 25 | $0.57 | $0.34 | ||
| Q1 25 | $-0.22 | — | ||
| Q4 24 | $0.53 | — | ||
| Q3 24 | $0.41 | — | ||
| Q2 24 | $0.36 | — | ||
| Q1 24 | $0.54 | — |
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 | — | $583.3M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $2.4B | $2.0B |
| 总资产 | $6.0B | $4.0B |
| 负债/权益比越低杠杆越低 | 0.81× | — |
8季度趋势，按日历期对齐
现金及短期投资AVNTDOCU
| Q4 25 | — | $583.3M | ||
| Q3 25 | — | $600.0M | ||
| Q2 25 | — | $657.4M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务AVNTDOCU
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.1B | — |
股东权益AVNTDOCU
| Q4 25 | $2.4B | $2.0B | ||
| Q3 25 | $2.4B | $2.0B | ||
| Q2 25 | $2.4B | $2.0B | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.3B | — |
总资产AVNTDOCU
| Q4 25 | $6.0B | $4.0B | ||
| Q3 25 | $6.1B | $3.9B | ||
| Q2 25 | $6.1B | $3.9B | ||
| Q1 25 | $5.8B | — | ||
| Q4 24 | $5.8B | — | ||
| Q3 24 | $6.0B | — | ||
| Q2 24 | $5.9B | — | ||
| Q1 24 | $5.9B | — |
负债/权益比AVNTDOCU
| Q4 25 | 0.81× | — | ||
| Q3 25 | 0.83× | — | ||
| Q2 25 | 0.86× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.88× | — | ||
| Q2 24 | 0.90× | — | ||
| Q1 24 | 0.90× | — |
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 | $167.8M | $290.3M |
| 自由现金流经营现金流 - 资本支出 | $125.4M | $262.9M |
| 自由现金流率自由现金流/营收 | 16.5% | 32.1% |
| 资本支出强度资本支出/营收 | 5.6% | 3.3% |
| 现金转化率经营现金流/净利润 | 9.93× | 3.47× |
| 过去12个月自由现金流最近4个季度 | $195.0M | — |
8季度趋势，按日历期对齐
经营现金流AVNTDOCU
| Q4 25 | $167.8M | $290.3M | ||
| Q3 25 | $72.1M | $246.1M | ||
| Q2 25 | $112.8M | $251.4M | ||
| Q1 25 | $-51.1M | — | ||
| Q4 24 | $122.6M | — | ||
| Q3 24 | $71.1M | — | ||
| Q2 24 | $105.9M | — | ||
| Q1 24 | $-42.8M | — |
自由现金流AVNTDOCU
| Q4 25 | $125.4M | $262.9M | ||
| Q3 25 | $47.4M | $217.6M | ||
| Q2 25 | $85.8M | $227.8M | ||
| Q1 25 | $-63.6M | — | ||
| Q4 24 | $81.5M | — | ||
| Q3 24 | $46.1M | — | ||
| Q2 24 | $74.5M | — | ||
| Q1 24 | $-67.2M | — |
自由现金流率AVNTDOCU
| Q4 25 | 16.5% | 32.1% | ||
| Q3 25 | 5.9% | 27.2% | ||
| Q2 25 | 9.9% | 29.8% | ||
| Q1 25 | -7.7% | — | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | 8.8% | — | ||
| Q1 24 | -8.1% | — |
资本支出强度AVNTDOCU
| Q4 25 | 5.6% | 3.3% | ||
| Q3 25 | 3.1% | 3.6% | ||
| Q2 25 | 3.1% | 3.1% | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 3.1% | — | ||
| Q2 24 | 3.7% | — | ||
| Q1 24 | 2.9% | — |
现金转化率AVNTDOCU
| Q4 25 | 9.93× | 3.47× | ||
| Q3 25 | 2.21× | 3.91× | ||
| Q2 25 | 2.14× | 3.49× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.54× | — | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | 3.15× | — | ||
| Q1 24 | -0.87× | — |
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
AVNT
| Color Additives And Inks | $466.0M | 61% |
| Specialty Engineered Materials | $295.5M | 39% |
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
