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COMMERCE BANCSHARES INC（CBSH）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COMMERCE BANCSHARES INC的1.7倍（$818.4M vs $475.7M），COMMERCE BANCSHARES INC净利率更高（29.8% vs 10.2%，领先19.5%），COMMERCE BANCSHARES INC同比增速更快（11.1% vs 8.4%）
Commerce Bancshares, Inc.是总部位于美国密苏里州的区域性银行控股公司，在堪萨斯城和圣路易斯设有核心办公点，旗下Commerce Bank提供多元化金融服务，覆盖企业及个人银行、财富管理、关联公司投资等业务。
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。
CBSH vs DOCU — 直观对比
营收规模更大
DOCU
是对方的1.7倍
$475.7M
营收增速更快
CBSH
高出2.7%
8.4%
净利率更高
CBSH
高出19.5%
10.2%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $475.7M | $818.4M |
| 净利润 | $141.6M | $83.7M |
| 毛利率 | — | 79.2% |
| 营业利润率 | — | 10.4% |
| 净利率 | 29.8% | 10.2% |
| 营收同比 | 11.1% | 8.4% |
| 净利润同比 | 10.5% | 34.1% |
| 每股收益（稀释后） | $0.96 | $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CBSHDOCU
| Q1 26 | $475.7M | — | ||
| Q4 25 | $449.4M | $818.4M | ||
| Q3 25 | $441.0M | $800.6M | ||
| Q2 25 | $445.8M | $763.7M | ||
| Q1 25 | $428.1M | — | ||
| Q4 24 | $422.1M | — | ||
| Q3 24 | $421.4M | — | ||
| Q2 24 | $414.5M | — |
净利润CBSHDOCU
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $83.7M | ||
| Q3 25 | $141.5M | $63.0M | ||
| Q2 25 | $152.5M | $72.1M | ||
| Q1 25 | $131.6M | — | ||
| Q4 24 | $136.1M | — | ||
| Q3 24 | $138.0M | — | ||
| Q2 24 | $139.6M | — |
毛利率CBSHDOCU
| Q1 26 | — | — | ||
| Q4 25 | — | 79.2% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 79.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率CBSHDOCU
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 10.4% | ||
| Q3 25 | 41.9% | 8.1% | ||
| Q2 25 | 44.0% | 7.9% | ||
| Q1 25 | 39.2% | — | ||
| Q4 24 | 41.2% | — | ||
| Q3 24 | 42.4% | — | ||
| Q2 24 | 43.4% | — |
净利率CBSHDOCU
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 10.2% | ||
| Q3 25 | 32.1% | 7.9% | ||
| Q2 25 | 34.2% | 9.4% | ||
| Q1 25 | 30.7% | — | ||
| Q4 24 | 32.2% | — | ||
| Q3 24 | 32.8% | — | ||
| Q2 24 | 33.7% | — |
每股收益（稀释后）CBSHDOCU
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $0.40 | ||
| Q3 25 | $1.06 | $0.30 | ||
| Q2 25 | $1.14 | $0.34 | ||
| Q1 25 | $0.98 | — | ||
| Q4 24 | $0.83 | — | ||
| Q3 24 | $1.01 | — | ||
| Q2 24 | $1.03 | — |
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 | — | $583.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.3B | $2.0B |
| 总资产 | $35.7B | $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CBSHDOCU
| Q1 26 | — | — | ||
| Q4 25 | — | $583.3M | ||
| Q3 25 | — | $600.0M | ||
| Q2 25 | — | $657.4M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CBSHDOCU
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $2.0B | ||
| Q3 25 | $3.8B | $2.0B | ||
| Q2 25 | $3.6B | $2.0B | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.1B | — |
总资产CBSHDOCU
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $4.0B | ||
| Q3 25 | $32.3B | $3.9B | ||
| Q2 25 | $32.3B | $3.9B | ||
| Q1 25 | $32.4B | — | ||
| Q4 24 | $32.0B | — | ||
| Q3 24 | $31.5B | — | ||
| Q2 24 | $30.6B | — |
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 | — | $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 | — | 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CBSHDOCU
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $290.3M | ||
| Q3 25 | $129.0M | $246.1M | ||
| Q2 25 | $111.2M | $251.4M | ||
| Q1 25 | $138.6M | — | ||
| Q4 24 | $577.9M | — | ||
| Q3 24 | $431.7M | — | ||
| Q2 24 | $147.4M | — |
自由现金流CBSHDOCU
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $262.9M | ||
| Q3 25 | $113.3M | $217.6M | ||
| Q2 25 | $100.5M | $227.8M | ||
| Q1 25 | $126.0M | — | ||
| Q4 24 | $531.7M | — | ||
| Q3 24 | $419.1M | — | ||
| Q2 24 | $138.9M | — |
自由现金流率CBSHDOCU
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 32.1% | ||
| Q3 25 | 25.7% | 27.2% | ||
| Q2 25 | 22.5% | 29.8% | ||
| Q1 25 | 29.4% | — | ||
| Q4 24 | 126.0% | — | ||
| Q3 24 | 99.5% | — | ||
| Q2 24 | 33.5% | — |
资本支出强度CBSHDOCU
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 3.3% | ||
| Q3 25 | 3.6% | 3.6% | ||
| Q2 25 | 2.4% | 3.1% | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | 2.1% | — |
现金转化率CBSHDOCU
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 3.47× | ||
| Q3 25 | 0.91× | 3.91× | ||
| Q2 25 | 0.73× | 3.49× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 4.25× | — | ||
| Q3 24 | 3.13× | — | ||
| Q2 24 | 1.06× | — |
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
CBSH
暂无分部数据
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
