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TopBuild Corp（BLD）与DOCUSIGN, INC.（DOCU）财务数据对比。点击上方公司名可切换其他公司
TopBuild Corp的季度营收约是DOCUSIGN, INC.的1.8倍（$1.4B vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs 7.2%，领先3.0%），TopBuild Corp同比增速更快（17.2% vs 8.4%）
HashiCorp是总部位于美国加利福尼亚州旧金山的软件企业，2012年由米切尔·桥本与阿蒙·达德加创立，采用免费增值商业模式，为开发、运维及安全从业人员提供云基础设施配置、防护、运行与连接相关的工具及产品。
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。
BLD vs DOCU — 直观对比
营收规模更大
BLD
是对方的1.8倍
$818.4M
营收增速更快
BLD
高出8.8%
8.4%
净利率更高
DOCU
高出3.0%
7.2%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $818.4M |
| 净利润 | $104.8M | $83.7M |
| 毛利率 | 27.7% | 79.2% |
| 营业利润率 | 12.1% | 10.4% |
| 净利率 | 7.2% | 10.2% |
| 营收同比 | 17.2% | 8.4% |
| 净利润同比 | -15.1% | 34.1% |
| 每股收益（稀释后） | $3.73 | $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BLDDOCU
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.5B | $818.4M | ||
| Q3 25 | $1.4B | $800.6M | ||
| Q2 25 | $1.3B | $763.7M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — |
净利润BLDDOCU
| Q1 26 | $104.8M | — | ||
| Q4 25 | $104.5M | $83.7M | ||
| Q3 25 | $142.2M | $63.0M | ||
| Q2 25 | $151.6M | $72.1M | ||
| Q1 25 | $123.4M | — | ||
| Q4 24 | $150.5M | — | ||
| Q3 24 | $169.0M | — | ||
| Q2 24 | $150.7M | — |
毛利率BLDDOCU
| Q1 26 | 27.7% | — | ||
| Q4 25 | 27.2% | 79.2% | ||
| Q3 25 | 30.1% | 79.3% | ||
| Q2 25 | 30.4% | 79.4% | ||
| Q1 25 | 28.5% | — | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 30.7% | — | ||
| Q2 24 | 31.0% | — |
营业利润率BLDDOCU
| Q1 26 | 12.1% | — | ||
| Q4 25 | 12.1% | 10.4% | ||
| Q3 25 | 15.4% | 8.1% | ||
| Q2 25 | 16.9% | 7.9% | ||
| Q1 25 | 14.4% | — | ||
| Q4 24 | 16.6% | — | ||
| Q3 24 | 17.8% | — | ||
| Q2 24 | 15.4% | — |
净利率BLDDOCU
| Q1 26 | 7.2% | — | ||
| Q4 25 | 7.0% | 10.2% | ||
| Q3 25 | 10.2% | 7.9% | ||
| Q2 25 | 11.7% | 9.4% | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 11.5% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 11.0% | — |
每股收益（稀释后）BLDDOCU
| Q1 26 | $3.73 | — | ||
| Q4 25 | $3.69 | $0.40 | ||
| Q3 25 | $5.04 | $0.30 | ||
| Q2 25 | $5.32 | $0.34 | ||
| Q1 25 | $4.23 | — | ||
| Q4 24 | $5.07 | — | ||
| Q3 24 | $5.65 | — | ||
| Q2 24 | $4.78 | — |
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 | $268.8M | $583.3M |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $2.4B | $2.0B |
| 总资产 | $6.7B | $4.0B |
| 负债/权益比越低杠杆越低 | 1.18× | — |
8季度趋势，按日历期对齐
现金及短期投资BLDDOCU
| Q1 26 | $268.8M | — | ||
| Q4 25 | $184.7M | $583.3M | ||
| Q3 25 | $1.1B | $600.0M | ||
| Q2 25 | $842.5M | $657.4M | ||
| Q1 25 | $308.8M | — | ||
| Q4 24 | $400.3M | — | ||
| Q3 24 | $257.3M | — | ||
| Q2 24 | $463.2M | — |
总债务BLDDOCU
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — |
股东权益BLDDOCU
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.3B | $2.0B | ||
| Q3 25 | $2.2B | $2.0B | ||
| Q2 25 | $2.1B | $2.0B | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.4B | — |
总资产BLDDOCU
| Q1 26 | $6.7B | — | ||
| Q4 25 | $6.6B | $4.0B | ||
| Q3 25 | $6.4B | $3.9B | ||
| Q2 25 | $5.1B | $3.9B | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | $4.7B | — | ||
| Q2 24 | $4.9B | — |
负债/权益比BLDDOCU
| Q1 26 | 1.18× | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.59× | — |
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 | $160.7M | $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 | 1.53× | 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BLDDOCU
| Q1 26 | $160.7M | — | ||
| Q4 25 | $176.7M | $290.3M | ||
| Q3 25 | $233.3M | $246.1M | ||
| Q2 25 | $193.7M | $251.4M | ||
| Q1 25 | $152.6M | — | ||
| Q4 24 | $266.2M | — | ||
| Q3 24 | $240.7M | — | ||
| Q2 24 | $90.4M | — |
自由现金流BLDDOCU
| Q1 26 | — | — | ||
| Q4 25 | $159.4M | $262.9M | ||
| Q3 25 | $216.2M | $217.6M | ||
| Q2 25 | $182.2M | $227.8M | ||
| Q1 25 | $139.2M | — | ||
| Q4 24 | $253.7M | — | ||
| Q3 24 | $219.8M | — | ||
| Q2 24 | $74.3M | — |
自由现金流率BLDDOCU
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | 32.1% | ||
| Q3 25 | 15.5% | 27.2% | ||
| Q2 25 | 14.0% | 29.8% | ||
| Q1 25 | 11.3% | — | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 16.0% | — | ||
| Q2 24 | 5.4% | — |
资本支出强度BLDDOCU
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 3.3% | ||
| Q3 25 | 1.2% | 3.6% | ||
| Q2 25 | 0.9% | 3.1% | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.2% | — |
现金转化率BLDDOCU
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.69× | 3.47× | ||
| Q3 25 | 1.64× | 3.91× | ||
| Q2 25 | 1.28× | 3.49× | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.77× | — | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 0.60× | — |
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
BLD
| Installation Services | $651.1M | 45% |
| Specialty Distribution | $562.9M | 39% |
| Other | $231.8M | 16% |
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
