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CAL-MAINE FOODS INC（CALM）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CAL-MAINE FOODS INC的1.1倍（$818.4M vs $769.5M），CAL-MAINE FOODS INC净利率更高（13.4% vs 10.2%，领先3.1%），DOCUSIGN, INC.同比增速更快（8.4% vs -19.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $47.9M）
卡尔梅恩食品公司是总部位于美国密西西比州里奇兰的鲜蛋生产商，截至2024年是美国规模最大的蛋品企业。公司旗下拥有Egg-Land's Best、Land O'Lakes等多个知名蛋品品牌，1957年由弗雷德·R·亚当斯二世创立，亚当斯家族持有企业控股权，目前在纳斯达克挂牌上市。
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。
CALM vs DOCU — 直观对比
营收规模更大
DOCU
是对方的1.1倍
$769.5M
营收增速更快
DOCU
高出27.8%
-19.4%
净利率更高
CALM
高出3.1%
10.2%
自由现金流更多
DOCU
多$215.0M
$47.9M
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $769.5M | $818.4M |
| 净利润 | $102.8M | $83.7M |
| 毛利率 | 27.0% | 79.2% |
| 营业利润率 | 16.1% | 10.4% |
| 净利率 | 13.4% | 10.2% |
| 营收同比 | -19.4% | 8.4% |
| 净利润同比 | -53.1% | 34.1% |
| 每股收益（稀释后） | $2.13 | $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CALMDOCU
| Q4 25 | $769.5M | $818.4M | ||
| Q3 25 | $922.6M | $800.6M | ||
| Q2 25 | — | $763.7M | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $954.7M | — | ||
| Q3 24 | $785.9M | — | ||
| Q1 24 | $703.1M | — | ||
| Q4 23 | $523.2M | — |
净利润CALMDOCU
| Q4 25 | $102.8M | $83.7M | ||
| Q3 25 | $199.3M | $63.0M | ||
| Q2 25 | — | $72.1M | ||
| Q1 25 | $508.5M | — | ||
| Q4 24 | $219.1M | — | ||
| Q3 24 | $150.0M | — | ||
| Q1 24 | $146.7M | — | ||
| Q4 23 | $17.0M | — |
毛利率CALMDOCU
| Q4 25 | 27.0% | 79.2% | ||
| Q3 25 | 33.7% | 79.3% | ||
| Q2 25 | — | 79.4% | ||
| Q1 25 | 50.5% | — | ||
| Q4 24 | 37.3% | — | ||
| Q3 24 | 31.5% | — | ||
| Q1 24 | 31.1% | — | ||
| Q4 23 | 17.4% | — |
营业利润率CALMDOCU
| Q4 25 | 16.1% | 10.4% | ||
| Q3 25 | 27.0% | 8.1% | ||
| Q2 25 | — | 7.9% | ||
| Q1 25 | 44.8% | — | ||
| Q4 24 | 29.1% | — | ||
| Q3 24 | 23.8% | — | ||
| Q1 24 | 23.2% | — | ||
| Q4 23 | 2.7% | — |
净利率CALMDOCU
| Q4 25 | 13.4% | 10.2% | ||
| Q3 25 | 21.6% | 7.9% | ||
| Q2 25 | — | 9.4% | ||
| Q1 25 | 35.9% | — | ||
| Q4 24 | 22.9% | — | ||
| Q3 24 | 19.1% | — | ||
| Q1 24 | 20.9% | — | ||
| Q4 23 | 3.3% | — |
每股收益（稀释后）CALMDOCU
| Q4 25 | $2.13 | $0.40 | ||
| Q3 25 | $4.12 | $0.30 | ||
| Q2 25 | — | $0.34 | ||
| Q1 25 | $10.38 | — | ||
| Q4 24 | $4.47 | — | ||
| Q3 24 | $3.06 | — | ||
| Q1 24 | $3.00 | — | ||
| Q4 23 | $0.35 | — |
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 | $369.4M | $583.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | $2.0B |
| 总资产 | $3.1B | $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CALMDOCU
| Q4 25 | $369.4M | $583.3M | ||
| Q3 25 | $251.9M | $600.0M | ||
| Q2 25 | — | $657.4M | ||
| Q1 25 | $497.2M | — | ||
| Q4 24 | $140.3M | — | ||
| Q3 24 | $181.7M | — | ||
| Q1 24 | $367.1M | — | ||
| Q4 23 | $361.8M | — |
股东权益CALMDOCU
| Q4 25 | $2.7B | $2.0B | ||
| Q3 25 | $2.7B | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $1.9B | — | ||
| Q1 24 | $1.7B | — | ||
| Q4 23 | $1.6B | — |
总资产CALMDOCU
| Q4 25 | $3.1B | $4.0B | ||
| Q3 25 | $3.2B | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.4B | — | ||
| Q1 24 | $2.1B | — | ||
| Q4 23 | $2.0B | — |
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 | $94.8M | $290.3M |
| 自由现金流经营现金流 - 资本支出 | $47.9M | $262.9M |
| 自由现金流率自由现金流/营收 | 6.2% | 32.1% |
| 资本支出强度资本支出/营收 | 6.1% | 3.3% |
| 现金转化率经营现金流/净利润 | 0.92× | 3.47× |
| 过去12个月自由现金流最近4个季度 | $895.9M | — |
8季度趋势，按日历期对齐
经营现金流CALMDOCU
| Q4 25 | $94.8M | $290.3M | ||
| Q3 25 | $278.6M | $246.1M | ||
| Q2 25 | — | $251.4M | ||
| Q1 25 | $571.6M | — | ||
| Q4 24 | $122.7M | — | ||
| Q3 24 | $117.5M | — | ||
| Q1 24 | $164.0M | — | ||
| Q4 23 | $50.0M | — |
自由现金流CALMDOCU
| Q4 25 | $47.9M | $262.9M | ||
| Q3 25 | $233.3M | $217.6M | ||
| Q2 25 | — | $227.8M | ||
| Q1 25 | $521.8M | — | ||
| Q4 24 | $92.9M | — | ||
| Q3 24 | $81.7M | — | ||
| Q1 24 | $133.8M | — | ||
| Q4 23 | $10.9M | — |
自由现金流率CALMDOCU
| Q4 25 | 6.2% | 32.1% | ||
| Q3 25 | 25.3% | 27.2% | ||
| Q2 25 | — | 29.8% | ||
| Q1 25 | 36.8% | — | ||
| Q4 24 | 9.7% | — | ||
| Q3 24 | 10.4% | — | ||
| Q1 24 | 19.0% | — | ||
| Q4 23 | 2.1% | — |
资本支出强度CALMDOCU
| Q4 25 | 6.1% | 3.3% | ||
| Q3 25 | 4.9% | 3.6% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 4.6% | — | ||
| Q1 24 | 4.3% | — | ||
| Q4 23 | 7.5% | — |
现金转化率CALMDOCU
| Q4 25 | 0.92× | 3.47× | ||
| Q3 25 | 1.40× | 3.91× | ||
| Q2 25 | — | 3.49× | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | 0.56× | — | ||
| Q3 24 | 0.78× | — | ||
| Q1 24 | 1.12× | — | ||
| Q4 23 | 2.94× | — |
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
CALM
| Retail | $625.4M | 81% |
| Prepared Foods | $71.7M | 9% |
| Egg Products | $34.5M | 4% |
| Service Other | $19.2M | 2% |
| Other | $13.8M | 2% |
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
