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BRUNSWICK CORP（BC）与DOCUSIGN, INC.（DOCU）财务数据对比。点击上方公司名可切换其他公司
BRUNSWICK CORP的季度营收约是DOCUSIGN, INC.的1.6倍（$1.3B vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs 1.4%，领先8.8%），BRUNSWICK CORP同比增速更快（15.5% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $83.6M）
美国Brunswick公司创立于1845年，专注于多品类产品的研发、生产与营销，旗下拥有知名海事品牌水星海事（Mercury Marine）等多个品牌。目前集团在24个国家拥有超1.3万名员工，2024年销售额达52亿美元，全球总部位于伊利诺伊州芝加哥北郊的梅塔瓦。
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。
BC vs DOCU — 直观对比
营收规模更大
BC
是对方的1.6倍
$818.4M
营收增速更快
BC
高出7.1%
8.4%
净利率更高
DOCU
高出8.8%
1.4%
自由现金流更多
DOCU
多$179.3M
$83.6M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $818.4M |
| 净利润 | $18.7M | $83.7M |
| 毛利率 | 23.1% | 79.2% |
| 营业利润率 | 3.1% | 10.4% |
| 净利率 | 1.4% | 10.2% |
| 营收同比 | 15.5% | 8.4% |
| 净利润同比 | 122.7% | 34.1% |
| 每股收益（稀释后） | $0.32 | $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BCDOCU
| Q4 25 | $1.3B | $818.4M | ||
| Q3 25 | $1.4B | $800.6M | ||
| Q2 25 | $1.4B | $763.7M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
净利润BCDOCU
| Q4 25 | $18.7M | $83.7M | ||
| Q3 25 | $-235.5M | $63.0M | ||
| Q2 25 | $59.3M | $72.1M | ||
| Q1 25 | $20.2M | — | ||
| Q4 24 | $-82.5M | — | ||
| Q3 24 | $44.6M | — | ||
| Q2 24 | $100.0M | — | ||
| Q1 24 | $68.0M | — |
毛利率BCDOCU
| Q4 25 | 23.1% | 79.2% | ||
| Q3 25 | 25.8% | 79.3% | ||
| Q2 25 | 25.5% | 79.4% | ||
| Q1 25 | 24.9% | — | ||
| Q4 24 | 21.9% | — | ||
| Q3 24 | 26.2% | — | ||
| Q2 24 | 27.1% | — | ||
| Q1 24 | 27.4% | — |
营业利润率BCDOCU
| Q4 25 | 3.1% | 10.4% | ||
| Q3 25 | -17.8% | 8.1% | ||
| Q2 25 | 7.1% | 7.9% | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | -4.8% | — | ||
| Q3 24 | 7.7% | — | ||
| Q2 24 | 11.0% | — | ||
| Q1 24 | 8.1% | — |
净利率BCDOCU
| Q4 25 | 1.4% | 10.2% | ||
| Q3 25 | -17.3% | 7.9% | ||
| Q2 25 | 4.1% | 9.4% | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | -7.1% | — | ||
| Q3 24 | 3.5% | — | ||
| Q2 24 | 6.9% | — | ||
| Q1 24 | 5.0% | — |
每股收益（稀释后）BCDOCU
| Q4 25 | $0.32 | $0.40 | ||
| Q3 25 | $-3.59 | $0.30 | ||
| Q2 25 | $0.89 | $0.34 | ||
| Q1 25 | $0.30 | — | ||
| Q4 24 | $-1.21 | — | ||
| Q3 24 | $0.67 | — | ||
| Q2 24 | $1.48 | — | ||
| Q1 24 | $0.99 | — |
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 | $256.8M | $583.3M |
| 总债务越低越好 | $2.1B | — |
| 股东权益账面价值 | $1.6B | $2.0B |
| 总资产 | $5.3B | $4.0B |
| 负债/权益比越低杠杆越低 | 1.30× | — |
8季度趋势，按日历期对齐
现金及短期投资BCDOCU
| Q4 25 | $256.8M | $583.3M | ||
| Q3 25 | $297.7M | $600.0M | ||
| Q2 25 | $315.7M | $657.4M | ||
| Q1 25 | $286.7M | — | ||
| Q4 24 | $269.0M | — | ||
| Q3 24 | $284.1M | — | ||
| Q2 24 | $494.5M | — | ||
| Q1 24 | $548.4M | — |
总债务BCDOCU
| Q4 25 | $2.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BCDOCU
| Q4 25 | $1.6B | $2.0B | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | — |
总资产BCDOCU
| Q4 25 | $5.3B | $4.0B | ||
| Q3 25 | $5.4B | $3.9B | ||
| Q2 25 | $5.8B | $3.9B | ||
| Q1 25 | $5.9B | — | ||
| Q4 24 | $5.7B | — | ||
| Q3 24 | $6.0B | — | ||
| Q2 24 | $6.4B | — | ||
| Q1 24 | $6.5B | — |
负债/权益比BCDOCU
| Q4 25 | 1.30× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.25× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $132.9M | $290.3M |
| 自由现金流经营现金流 - 资本支出 | $83.6M | $262.9M |
| 自由现金流率自由现金流/营收 | 6.3% | 32.1% |
| 资本支出强度资本支出/营收 | 3.7% | 3.3% |
| 现金转化率经营现金流/净利润 | 7.11× | 3.47× |
| 过去12个月自由现金流最近4个季度 | $396.3M | — |
8季度趋势，按日历期对齐
经营现金流BCDOCU
| Q4 25 | $132.9M | $290.3M | ||
| Q3 25 | $140.4M | $246.1M | ||
| Q2 25 | $316.2M | $251.4M | ||
| Q1 25 | $-27.4M | — | ||
| Q4 24 | $306.4M | — | ||
| Q3 24 | $67.4M | — | ||
| Q2 24 | $211.0M | — | ||
| Q1 24 | $-153.4M | — |
自由现金流BCDOCU
| Q4 25 | $83.6M | $262.9M | ||
| Q3 25 | $106.5M | $217.6M | ||
| Q2 25 | $271.3M | $227.8M | ||
| Q1 25 | $-65.1M | — | ||
| Q4 24 | $276.1M | — | ||
| Q3 24 | $31.4M | — | ||
| Q2 24 | $163.9M | — | ||
| Q1 24 | $-207.4M | — |
自由现金流率BCDOCU
| Q4 25 | 6.3% | 32.1% | ||
| Q3 25 | 7.8% | 27.2% | ||
| Q2 25 | 18.7% | 29.8% | ||
| Q1 25 | -5.3% | — | ||
| Q4 24 | 23.9% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 11.4% | — | ||
| Q1 24 | -15.2% | — |
资本支出强度BCDOCU
| Q4 25 | 3.7% | 3.3% | ||
| Q3 25 | 2.5% | 3.6% | ||
| Q2 25 | 3.1% | 3.1% | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | 3.3% | — | ||
| Q1 24 | 4.0% | — |
现金转化率BCDOCU
| Q4 25 | 7.11× | 3.47× | ||
| Q3 25 | — | 3.91× | ||
| Q2 25 | 5.33× | 3.49× | ||
| Q1 25 | -1.36× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.51× | — | ||
| Q2 24 | 2.11× | — | ||
| Q1 24 | -2.26× | — |
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
BC
| Engine Partsand Accessories | $532.4M | 40% |
| Navico Group | $452.9M | 34% |
| Recreational Fiberglass Boats | $111.6M | 8% |
| Saltwater Fishing Boats | $85.7M | 6% |
| Controls Riggingand Propellers | $78.3M | 6% |
| Business Acceleration | $48.1M | 4% |
| Sterndrive Engine | $32.6M | 2% |
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
