vs
B&G Foods, Inc.（BGS）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B&G Foods, Inc.的1.9倍（$818.4M vs $439.3M），DOCUSIGN, INC.净利率更高（10.2% vs -4.4%，领先14.6%），DOCUSIGN, INC.同比增速更快（8.4% vs -4.7%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-70.7M）
B&G Foods是总部位于美国新泽西州帕西帕尼的品牌食品控股企业，创立于1996年，成立初衷是收购1889年诞生于曼哈顿的酸黄瓜、调味酱及调味品生产商Bloch & Guggenheimer，如今在北美食品领域拥有众多知名品牌。
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。
BGS vs DOCU — 直观对比
营收规模更大
DOCU
是对方的1.9倍
$439.3M
营收增速更快
DOCU
高出13.1%
-4.7%
净利率更高
DOCU
高出14.6%
-4.4%
自由现金流更多
DOCU
多$333.6M
$-70.7M
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $818.4M |
| 净利润 | $-19.1M | $83.7M |
| 毛利率 | 22.5% | 79.2% |
| 营业利润率 | 2.5% | 10.4% |
| 净利率 | -4.4% | 10.2% |
| 营收同比 | -4.7% | 8.4% |
| 净利润同比 | -356.5% | 34.1% |
| 每股收益（稀释后） | $-0.24 | $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BGSDOCU
| Q4 25 | — | $818.4M | ||
| Q3 25 | $439.3M | $800.6M | ||
| Q2 25 | $424.4M | $763.7M | ||
| Q1 25 | $425.4M | — | ||
| Q4 24 | $551.6M | — | ||
| Q3 24 | $461.1M | — | ||
| Q2 24 | $444.6M | — | ||
| Q1 24 | $475.2M | — |
净利润BGSDOCU
| Q4 25 | — | $83.7M | ||
| Q3 25 | $-19.1M | $63.0M | ||
| Q2 25 | $-9.8M | $72.1M | ||
| Q1 25 | $835.0K | — | ||
| Q4 24 | $-222.4M | — | ||
| Q3 24 | $7.5M | — | ||
| Q2 24 | $3.9M | — | ||
| Q1 24 | $-40.2M | — |
毛利率BGSDOCU
| Q4 25 | — | 79.2% | ||
| Q3 25 | 22.5% | 79.3% | ||
| Q2 25 | 20.5% | 79.4% | ||
| Q1 25 | 21.2% | — | ||
| Q4 24 | 21.5% | — | ||
| Q3 24 | 22.2% | — | ||
| Q2 24 | 20.7% | — | ||
| Q1 24 | 22.9% | — |
营业利润率BGSDOCU
| Q4 25 | — | 10.4% | ||
| Q3 25 | 2.5% | 8.1% | ||
| Q2 25 | 5.2% | 7.9% | ||
| Q1 25 | 8.4% | — | ||
| Q4 24 | -46.6% | — | ||
| Q3 24 | 11.1% | — | ||
| Q2 24 | 9.9% | — | ||
| Q1 24 | -3.3% | — |
净利率BGSDOCU
| Q4 25 | — | 10.2% | ||
| Q3 25 | -4.4% | 7.9% | ||
| Q2 25 | -2.3% | 9.4% | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | -40.3% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | -8.5% | — |
每股收益（稀释后）BGSDOCU
| Q4 25 | — | $0.40 | ||
| Q3 25 | $-0.24 | $0.30 | ||
| Q2 25 | $-0.12 | $0.34 | ||
| Q1 25 | $0.01 | — | ||
| Q4 24 | $-2.81 | — | ||
| Q3 24 | $0.09 | — | ||
| Q2 24 | $0.05 | — | ||
| Q1 24 | $-0.51 | — |
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 | $60.9M | $583.3M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $470.7M | $2.0B |
| 总资产 | $2.9B | $4.0B |
| 负债/权益比越低杠杆越低 | 4.30× | — |
8季度趋势，按日历期对齐
现金及短期投资BGSDOCU
| Q4 25 | — | $583.3M | ||
| Q3 25 | $60.9M | $600.0M | ||
| Q2 25 | $54.1M | $657.4M | ||
| Q1 25 | $61.2M | — | ||
| Q4 24 | $50.6M | — | ||
| Q3 24 | $54.7M | — | ||
| Q2 24 | $40.3M | — | ||
| Q1 24 | $42.5M | — |
总债务BGSDOCU
| Q4 25 | — | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | — |
股东权益BGSDOCU
| Q4 25 | — | $2.0B | ||
| Q3 25 | $470.7M | $2.0B | ||
| Q2 25 | $501.4M | $2.0B | ||
| Q1 25 | $513.1M | — | ||
| Q4 24 | $524.8M | — | ||
| Q3 24 | $755.3M | — | ||
| Q2 24 | $765.0M | — | ||
| Q1 24 | $781.2M | — |
总资产BGSDOCU
| Q4 25 | — | $4.0B | ||
| Q3 25 | $2.9B | $3.9B | ||
| Q2 25 | $2.9B | $3.9B | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.4B | — | ||
| Q1 24 | $3.4B | — |
负债/权益比BGSDOCU
| Q4 25 | — | — | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.91× | — | ||
| Q4 24 | 3.85× | — | ||
| Q3 24 | 2.75× | — | ||
| Q2 24 | 2.67× | — | ||
| Q1 24 | 2.61× | — |
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 | $-64.6M | $290.3M |
| 自由现金流经营现金流 - 资本支出 | $-70.7M | $262.9M |
| 自由现金流率自由现金流/营收 | -16.1% | 32.1% |
| 资本支出强度资本支出/营收 | 1.4% | 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 | $54.8M | — |
8季度趋势，按日历期对齐
经营现金流BGSDOCU
| Q4 25 | — | $290.3M | ||
| Q3 25 | $-64.6M | $246.1M | ||
| Q2 25 | $17.8M | $251.4M | ||
| Q1 25 | $52.7M | — | ||
| Q4 24 | $80.3M | — | ||
| Q3 24 | $4.2M | — | ||
| Q2 24 | $11.3M | — | ||
| Q1 24 | $35.1M | — |
自由现金流BGSDOCU
| Q4 25 | — | $262.9M | ||
| Q3 25 | $-70.7M | $217.6M | ||
| Q2 25 | $11.5M | $227.8M | ||
| Q1 25 | $42.4M | — | ||
| Q4 24 | $71.7M | — | ||
| Q3 24 | $-679.0K | — | ||
| Q2 24 | $5.2M | — | ||
| Q1 24 | $27.5M | — |
自由现金流率BGSDOCU
| Q4 25 | — | 32.1% | ||
| Q3 25 | -16.1% | 27.2% | ||
| Q2 25 | 2.7% | 29.8% | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 13.0% | — | ||
| Q3 24 | -0.1% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 5.8% | — |
资本支出强度BGSDOCU
| Q4 25 | — | 3.3% | ||
| Q3 25 | 1.4% | 3.6% | ||
| Q2 25 | 1.5% | 3.1% | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 1.6% | — |
现金转化率BGSDOCU
| Q4 25 | — | 3.47× | ||
| Q3 25 | — | 3.91× | ||
| Q2 25 | — | 3.49× | ||
| Q1 25 | 63.17× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 2.87× | — | ||
| Q1 24 | — | — |
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
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
