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Crown Castle（CCI）与DOCUSIGN, INC.（DOCU）财务数据对比。点击上方公司名可切换其他公司
Crown Castle的季度营收约是DOCUSIGN, INC.的1.2倍（$1.0B vs $818.4M），Crown Castle净利率更高（77.2% vs 10.2%，领先67.0%），DOCUSIGN, INC.同比增速更快（8.4% vs -4.8%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-43.0M）
Crown Castle Inc.是总部位于美国得克萨斯州休斯敦的房地产投资信托企业，同时是美国共享通信基础设施服务商，在全球设有100个办事处，旗下拥有超4万座信号塔、约8.5万英里光纤线路，为小基站及光纤系统提供网络支撑。
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。
CCI vs DOCU — 直观对比
营收规模更大
CCI
是对方的1.2倍
$818.4M
营收增速更快
DOCU
高出13.2%
-4.8%
净利率更高
CCI
高出67.0%
10.2%
自由现金流更多
DOCU
多$305.9M
$-43.0M
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $818.4M |
| 净利润 | $780.0M | $83.7M |
| 毛利率 | — | 79.2% |
| 营业利润率 | — | 10.4% |
| 净利率 | 77.2% | 10.2% |
| 营收同比 | -4.8% | 8.4% |
| 净利润同比 | 76.0% | 34.1% |
| 每股收益（稀释后） | $1.80 | $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CCIDOCU
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.1B | $818.4M | ||
| Q3 25 | $1.1B | $800.6M | ||
| Q2 25 | $1.1B | $763.7M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — |
净利润CCIDOCU
| Q1 26 | $780.0M | — | ||
| Q4 25 | $294.0M | $83.7M | ||
| Q3 25 | $323.0M | $63.0M | ||
| Q2 25 | $291.0M | $72.1M | ||
| Q1 25 | $-464.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $303.0M | — | ||
| Q2 24 | $251.0M | — |
毛利率CCIDOCU
| Q1 26 | — | — | ||
| Q4 25 | 97.4% | 79.2% | ||
| Q3 25 | 97.2% | 79.3% | ||
| Q2 25 | 97.5% | 79.4% | ||
| Q1 25 | 97.4% | — | ||
| Q4 24 | 97.7% | — | ||
| Q3 24 | 97.6% | — | ||
| Q2 24 | 97.7% | — |
营业利润率CCIDOCU
| Q1 26 | — | — | ||
| Q4 25 | 48.8% | 10.4% | ||
| Q3 25 | 49.0% | 8.1% | ||
| Q2 25 | 47.7% | 7.9% | ||
| Q1 25 | 49.1% | — | ||
| Q4 24 | 51.0% | — | ||
| Q3 24 | 47.5% | — | ||
| Q2 24 | 44.7% | — |
净利率CCIDOCU
| Q1 26 | 77.2% | — | ||
| Q4 25 | 27.5% | 10.2% | ||
| Q3 25 | 30.1% | 7.9% | ||
| Q2 25 | 27.5% | 9.4% | ||
| Q1 25 | -43.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 27.1% | — | ||
| Q2 24 | 22.7% | — |
每股收益（稀释后）CCIDOCU
| Q1 26 | $1.80 | — | ||
| Q4 25 | $0.67 | $0.40 | ||
| Q3 25 | $0.74 | $0.30 | ||
| Q2 25 | $0.67 | $0.34 | ||
| Q1 25 | $-1.07 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.70 | — | ||
| Q2 24 | $0.58 | — |
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 | $55.0K | $583.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $2.0B |
| 总资产 | $31.4M | $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CCIDOCU
| Q1 26 | $55.0K | — | ||
| Q4 25 | $99.0M | $583.3M | ||
| Q3 25 | $57.0M | $600.0M | ||
| Q2 25 | $94.0M | $657.4M | ||
| Q1 25 | $60.0M | — | ||
| Q4 24 | $100.0M | — | ||
| Q3 24 | $194.0M | — | ||
| Q2 24 | $155.0M | — |
总债务CCIDOCU
| Q1 26 | — | — | ||
| Q4 25 | $21.6B | — | ||
| Q3 25 | $21.6B | — | ||
| Q2 25 | $22.0B | — | ||
| Q1 25 | $22.9B | — | ||
| Q4 24 | $23.5B | — | ||
| Q3 24 | $23.5B | — | ||
| Q2 24 | $22.9B | — |
股东权益CCIDOCU
| Q1 26 | — | — | ||
| Q4 25 | $-1.6B | $2.0B | ||
| Q3 25 | $-1.5B | $2.0B | ||
| Q2 25 | $-1.4B | $2.0B | ||
| Q1 25 | $-1.3B | — | ||
| Q4 24 | $-133.0M | — | ||
| Q3 24 | $5.3B | — | ||
| Q2 24 | $5.7B | — |
总资产CCIDOCU
| Q1 26 | $31.4M | — | ||
| Q4 25 | $31.5B | $4.0B | ||
| Q3 25 | $31.5B | $3.9B | ||
| Q2 25 | $31.6B | $3.9B | ||
| Q1 25 | $31.8B | — | ||
| Q4 24 | $32.7B | — | ||
| Q3 24 | $38.0B | — | ||
| Q2 24 | $38.2B | — |
负债/权益比CCIDOCU
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.43× | — | ||
| Q2 24 | 4.04× | — |
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 | $-43.0M | $262.9M |
| 自由现金流率自由现金流/营收 | -4.3% | 32.1% |
| 资本支出强度资本支出/营收 | 14.9% | 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 | $4.3B | — |
8季度趋势，按日历期对齐
经营现金流CCIDOCU
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $290.3M | ||
| Q3 25 | $714.0M | $246.1M | ||
| Q2 25 | $832.0M | $251.4M | ||
| Q1 25 | $641.0M | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $699.0M | — | ||
| Q2 24 | $768.0M | — |
自由现金流CCIDOCU
| Q1 26 | $-43.0M | — | ||
| Q4 25 | $2.9B | $262.9M | ||
| Q3 25 | $671.0M | $217.6M | ||
| Q2 25 | $792.0M | $227.8M | ||
| Q1 25 | $601.0M | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $661.0M | — | ||
| Q2 24 | $729.0M | — |
自由现金流率CCIDOCU
| Q1 26 | -4.3% | — | ||
| Q4 25 | 268.4% | 32.1% | ||
| Q3 25 | 62.6% | 27.2% | ||
| Q2 25 | 74.7% | 29.8% | ||
| Q1 25 | 56.6% | — | ||
| Q4 24 | 247.3% | — | ||
| Q3 24 | 59.0% | — | ||
| Q2 24 | 65.9% | — |
资本支出强度CCIDOCU
| Q1 26 | 14.9% | — | ||
| Q4 25 | 17.0% | 3.3% | ||
| Q3 25 | 4.0% | 3.6% | ||
| Q2 25 | 3.8% | 3.1% | ||
| Q1 25 | 3.8% | — | ||
| Q4 24 | 15.7% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 3.5% | — |
现金转化率CCIDOCU
| Q1 26 | — | — | ||
| Q4 25 | 10.40× | 3.47× | ||
| Q3 25 | 2.21× | 3.91× | ||
| Q2 25 | 2.86× | 3.49× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.31× | — | ||
| Q2 24 | 3.06× | — |
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
CCI
| Site rental | $961.0M | 95% |
| Services and other | $49.0M | 5% |
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
