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布鲁克菲尔德资产管理（BAM）与DOCUSIGN, INC.（DOCU）财务数据对比。点击上方公司名可切换其他公司
布鲁克菲尔德资产管理的季度营收约是DOCUSIGN, INC.的1.3倍（$1.1B vs $818.4M），布鲁克菲尔德资产管理净利率更高（56.7% vs 10.2%，领先46.5%）
布鲁克菲尔德资产管理有限公司是加美两地的另类资产管理机构，2022年12月从布鲁克菲尔德集团的资管业务分拆成立，在全球范围内管理不动产、基础设施、可再生能源、私募股权及信贷市场等领域的投资。
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。
BAM vs DOCU — 直观对比
营收规模更大
BAM
是对方的1.3倍
$818.4M
净利率更高
BAM
高出46.5%
10.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $818.4M |
| 净利润 | $615.0M | $83.7M |
| 毛利率 | — | 79.2% |
| 营业利润率 | 84.2% | 10.4% |
| 净利率 | 56.7% | 10.2% |
| 营收同比 | — | 8.4% |
| 净利润同比 | — | 34.1% |
| 每股收益（稀释后） | — | $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BAMDOCU
| Q4 25 | $1.1B | $818.4M | ||
| Q3 25 | $974.0M | $800.6M | ||
| Q2 25 | $931.0M | $763.7M | ||
| Q1 25 | $954.0M | — | ||
| Q3 24 | $873.0M | — | ||
| Q2 24 | $821.0M | — | ||
| Q1 24 | $786.0M | — |
净利润BAMDOCU
| Q4 25 | $615.0M | $83.7M | ||
| Q3 25 | $692.0M | $63.0M | ||
| Q2 25 | $584.0M | $72.1M | ||
| Q1 25 | $507.0M | — | ||
| Q3 24 | $537.0M | — | ||
| Q2 24 | $124.0M | — | ||
| Q1 24 | $373.0M | — |
毛利率BAMDOCU
| Q4 25 | — | 79.2% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 79.4% | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率BAMDOCU
| Q4 25 | 84.2% | 10.4% | ||
| Q3 25 | 79.1% | 8.1% | ||
| Q2 25 | 70.8% | 7.9% | ||
| Q1 25 | 61.0% | — | ||
| Q3 24 | 72.5% | — | ||
| Q2 24 | 80.4% | — | ||
| Q1 24 | 56.5% | — |
净利率BAMDOCU
| Q4 25 | 56.7% | 10.2% | ||
| Q3 25 | 71.0% | 7.9% | ||
| Q2 25 | 62.7% | 9.4% | ||
| Q1 25 | 53.1% | — | ||
| Q3 24 | 61.5% | — | ||
| Q2 24 | 15.1% | — | ||
| Q1 24 | 47.5% | — |
每股收益（稀释后）BAMDOCU
| Q4 25 | — | $0.40 | ||
| Q3 25 | — | $0.30 | ||
| Q2 25 | — | $0.34 | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $1.6B | $583.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.9B | $2.0B |
| 总资产 | $17.0B | $4.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BAMDOCU
| Q4 25 | $1.6B | $583.3M | ||
| Q3 25 | $1.1B | $600.0M | ||
| Q2 25 | $480.0M | $657.4M | ||
| Q1 25 | $332.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $10.0M | — | ||
| Q1 24 | — | — |
股东权益BAMDOCU
| Q4 25 | $8.9B | $2.0B | ||
| Q3 25 | $8.5B | $2.0B | ||
| Q2 25 | $8.5B | $2.0B | ||
| Q1 25 | $8.5B | — | ||
| Q3 24 | $9.0B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $2.2B | — |
总资产BAMDOCU
| Q4 25 | $17.0B | $4.0B | ||
| Q3 25 | $16.5B | $3.9B | ||
| Q2 25 | $16.1B | $3.9B | ||
| Q1 25 | $15.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $4.2B | — | ||
| 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 | $562.0M | $290.3M |
| 自由现金流经营现金流 - 资本支出 | — | $262.9M |
| 自由现金流率自由现金流/营收 | — | 32.1% |
| 资本支出强度资本支出/营收 | — | 3.3% |
| 现金转化率经营现金流/净利润 | 0.91× | 3.47× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BAMDOCU
| Q4 25 | $562.0M | $290.3M | ||
| Q3 25 | $745.0M | $246.1M | ||
| Q2 25 | $529.0M | $251.4M | ||
| Q1 25 | $265.0M | — | ||
| Q3 24 | $567.0M | — | ||
| Q2 24 | $159.0M | — | ||
| Q1 24 | $516.0M | — |
自由现金流BAMDOCU
| Q4 25 | — | $262.9M | ||
| Q3 25 | — | $217.6M | ||
| Q2 25 | — | $227.8M | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率BAMDOCU
| Q4 25 | — | 32.1% | ||
| Q3 25 | — | 27.2% | ||
| Q2 25 | — | 29.8% | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度BAMDOCU
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率BAMDOCU
| Q4 25 | 0.91× | 3.47× | ||
| Q3 25 | 1.08× | 3.91× | ||
| Q2 25 | 0.91× | 3.49× | ||
| Q1 25 | 0.52× | — | ||
| Q3 24 | 1.06× | — | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 1.38× | — |
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
BAM
| Incentive Fees | $452.0M | 42% |
| Infrastruture | $332.0M | 31% |
| Private Equity | $174.0M | 16% |
| Renewable Power And Transition | $66.0M | 6% |
| Other | $47.0M | 4% |
| Management And Advisory Fees | $14.0M | 1% |
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
