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CBIZ, Inc.（CBZ）与DOCUSIGN, INC.（DOCU）财务数据对比。点击上方公司名可切换其他公司
CBIZ, Inc.的季度营收约是DOCUSIGN, INC.的1.0倍（$848.6M vs $818.4M），CBIZ, Inc.净利率更高（19.0% vs 10.2%，领先8.8%），DOCUSIGN, INC.同比增速更快（8.4% vs 1.3%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-28.5M）
CBIZ, Inc.是美国知名的金融、保险及咨询服务提供商，总部位于俄亥俄州独立市，为美国规模最大的会计、保险经纪、金融与咨询服务机构之一。集团在全美设有120多个办事处，拥有近7000名员工，1996年起在纽交所上市，1997年起使用股票代码CBZ交易。
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。
CBZ vs DOCU — 直观对比
营收规模更大
CBZ
是对方的1.0倍
$818.4M
营收增速更快
DOCU
高出7.2%
1.3%
净利率更高
CBZ
高出8.8%
10.2%
自由现金流更多
DOCU
多$291.4M
$-28.5M
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $848.6M | $818.4M |
| 净利润 | $161.6M | $83.7M |
| 毛利率 | — | 79.2% |
| 营业利润率 | 23.2% | 10.4% |
| 净利率 | 19.0% | 10.2% |
| 营收同比 | 1.3% | 8.4% |
| 净利润同比 | — | 34.1% |
| 每股收益（稀释后） | $2.63 | $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CBZDOCU
| Q1 26 | $848.6M | — | ||
| Q4 25 | $542.7M | $818.4M | ||
| Q3 25 | $693.8M | $800.6M | ||
| Q2 25 | $683.5M | $763.7M | ||
| Q1 25 | $838.0M | — | ||
| Q4 24 | $460.3M | — | ||
| Q3 24 | $438.9M | — | ||
| Q2 24 | $420.0M | — |
净利润CBZDOCU
| Q1 26 | $161.6M | — | ||
| Q4 25 | $-79.4M | $83.7M | ||
| Q3 25 | $30.1M | $63.0M | ||
| Q2 25 | $41.9M | $72.1M | ||
| Q1 25 | $122.8M | — | ||
| Q4 24 | $-90.7M | — | ||
| Q3 24 | $35.1M | — | ||
| Q2 24 | $19.8M | — |
毛利率CBZDOCU
| Q1 26 | — | — | ||
| Q4 25 | -9.4% | 79.2% | ||
| Q3 25 | 13.0% | 79.3% | ||
| Q2 25 | 12.9% | 79.4% | ||
| Q1 25 | 27.2% | — | ||
| Q4 24 | -13.4% | — | ||
| Q3 24 | 16.6% | — | ||
| Q2 24 | 12.8% | — |
营业利润率CBZDOCU
| Q1 26 | 23.2% | — | ||
| Q4 25 | -15.7% | 10.4% | ||
| Q3 25 | 8.5% | 8.1% | ||
| Q2 25 | 8.8% | 7.9% | ||
| Q1 25 | 23.9% | — | ||
| Q4 24 | -23.2% | — | ||
| Q3 24 | 11.3% | — | ||
| Q2 24 | 7.5% | — |
净利率CBZDOCU
| Q1 26 | 19.0% | — | ||
| Q4 25 | -14.6% | 10.2% | ||
| Q3 25 | 4.3% | 7.9% | ||
| Q2 25 | 6.1% | 9.4% | ||
| Q1 25 | 14.7% | — | ||
| Q4 24 | -19.7% | — | ||
| Q3 24 | 8.0% | — | ||
| Q2 24 | 4.7% | — |
每股收益（稀释后）CBZDOCU
| Q1 26 | $2.63 | — | ||
| Q4 25 | $-1.22 | $0.40 | ||
| Q3 25 | $0.48 | $0.30 | ||
| Q2 25 | $0.66 | $0.34 | ||
| Q1 25 | $1.91 | — | ||
| Q4 24 | $-1.84 | — | ||
| Q3 24 | $0.70 | — | ||
| Q2 24 | $0.39 | — |
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 | $28.7M | $583.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.9B | $2.0B |
| 总资产 | $4.6B | $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CBZDOCU
| Q1 26 | $28.7M | — | ||
| Q4 25 | $18.3M | $583.3M | ||
| Q3 25 | $17.0M | $600.0M | ||
| Q2 25 | $39.8M | $657.4M | ||
| Q1 25 | $8.8M | — | ||
| Q4 24 | $13.8M | — | ||
| Q3 24 | $1.1M | — | ||
| Q2 24 | $1.1M | — |
股东权益CBZDOCU
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $2.0B | ||
| Q3 25 | $1.9B | $2.0B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $927.9M | — | ||
| Q2 24 | $891.4M | — |
总资产CBZDOCU
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.4B | $4.0B | ||
| Q3 25 | $4.5B | $3.9B | ||
| Q2 25 | $4.5B | $3.9B | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.2B | — |
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 | $-25.5M | $290.3M |
| 自由现金流经营现金流 - 资本支出 | $-28.5M | $262.9M |
| 自由现金流率自由现金流/营收 | -3.4% | 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 | -0.16× | 3.47× |
| 过去12个月自由现金流最近4个季度 | $240.5M | — |
8季度趋势，按日历期对齐
经营现金流CBZDOCU
| Q1 26 | $-25.5M | — | ||
| Q4 25 | $143.6M | $290.3M | ||
| Q3 25 | $24.0M | $246.1M | ||
| Q2 25 | $113.1M | $251.4M | ||
| Q1 25 | $-88.3M | — | ||
| Q4 24 | $55.5M | — | ||
| Q3 24 | $43.7M | — | ||
| Q2 24 | $88.2M | — |
自由现金流CBZDOCU
| Q1 26 | $-28.5M | — | ||
| Q4 25 | $141.7M | $262.9M | ||
| Q3 25 | $22.1M | $217.6M | ||
| Q2 25 | $105.2M | $227.8M | ||
| Q1 25 | $-93.4M | — | ||
| Q4 24 | $52.3M | — | ||
| Q3 24 | $41.1M | — | ||
| Q2 24 | $86.3M | — |
自由现金流率CBZDOCU
| Q1 26 | -3.4% | — | ||
| Q4 25 | 26.1% | 32.1% | ||
| Q3 25 | 3.2% | 27.2% | ||
| Q2 25 | 15.4% | 29.8% | ||
| Q1 25 | -11.2% | — | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 9.4% | — | ||
| Q2 24 | 20.5% | — |
资本支出强度CBZDOCU
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 3.3% | ||
| Q3 25 | 0.3% | 3.6% | ||
| Q2 25 | 1.2% | 3.1% | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.4% | — |
现金转化率CBZDOCU
| Q1 26 | -0.16× | — | ||
| Q4 25 | — | 3.47× | ||
| Q3 25 | 0.79× | 3.91× | ||
| Q2 25 | 2.70× | 3.49× | ||
| Q1 25 | -0.72× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 4.45× | — |
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
CBZ
| Financial Services (1) | $740.3M | 87% |
| Benefits and Insurance Services | $108.2M | 13% |
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
