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CMB.TECH NV（CMBT）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CMB.TECH NV的1.4倍（$818.4M vs $592.8M），CMB.TECH NV净利率更高（32.3% vs 10.2%，领先22.0%），DOCUSIGN, INC.同比增速更快（8.4% vs -34.6%）
CMB.TECH前身为Euronav，是全球知名的原油运输企业，运营超大型油轮（VLCC）、苏伊士型油轮及浮式储卸油装置（FSO），为全球能源产业链提供专业的海上原油运输及存储解决方案，业务布局覆盖主要国际油气运输航线。
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。
CMBT vs DOCU — 直观对比
营收规模更大
DOCU
是对方的1.4倍
$592.8M
营收增速更快
DOCU
高出43.0%
-34.6%
净利率更高
CMBT
高出22.0%
10.2%
损益表 — Q4 FY2024 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $592.8M | $818.4M |
| 净利润 | $191.2M | $83.7M |
| 毛利率 | — | 79.2% |
| 营业利润率 | 46.4% | 10.4% |
| 净利率 | 32.3% | 10.2% |
| 营收同比 | -34.6% | 8.4% |
| 净利润同比 | -63.3% | 34.1% |
| 每股收益（稀释后） | $1.01 | $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CMBTDOCU
| Q4 25 | — | $818.4M | ||
| Q3 25 | — | $800.6M | ||
| Q2 25 | — | $763.7M | ||
| Q4 24 | $592.8M | — | ||
| Q4 23 | $905.9M | — |
净利润CMBTDOCU
| Q4 25 | — | $83.7M | ||
| Q3 25 | — | $63.0M | ||
| Q2 25 | — | $72.1M | ||
| Q4 24 | $191.2M | — | ||
| Q4 23 | $521.2M | — |
毛利率CMBTDOCU
| Q4 25 | — | 79.2% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 79.4% | ||
| Q4 24 | — | — | ||
| Q4 23 | — | — |
营业利润率CMBTDOCU
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 8.1% | ||
| Q2 25 | — | 7.9% | ||
| Q4 24 | 46.4% | — | ||
| Q4 23 | 63.4% | — |
净利率CMBTDOCU
| Q4 25 | — | 10.2% | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 9.4% | ||
| Q4 24 | 32.3% | — | ||
| Q4 23 | 57.5% | — |
每股收益（稀释后）CMBTDOCU
| Q4 25 | — | $0.40 | ||
| Q3 25 | — | $0.30 | ||
| Q2 25 | — | $0.34 | ||
| Q4 24 | $1.01 | — | ||
| Q4 23 | $2.58 | — |
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 | $38.9M | $583.3M |
| 总债务越低越好 | $2.6B | — |
| 股东权益账面价值 | $1.2B | $2.0B |
| 总资产 | $3.9B | $4.0B |
| 负债/权益比越低杠杆越低 | 2.20× | — |
8季度趋势，按日历期对齐
现金及短期投资CMBTDOCU
| Q4 25 | — | $583.3M | ||
| Q3 25 | — | $600.0M | ||
| Q2 25 | — | $657.4M | ||
| Q4 24 | $38.9M | — | ||
| Q4 23 | $429.4M | — |
总债务CMBTDOCU
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | $2.6B | — | ||
| Q4 23 | $930.7M | — |
股东权益CMBTDOCU
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q4 24 | $1.2B | — | ||
| Q4 23 | $2.4B | — |
总资产CMBTDOCU
| Q4 25 | — | $4.0B | ||
| Q3 25 | — | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q4 24 | $3.9B | — | ||
| Q4 23 | $3.4B | — |
负债/权益比CMBTDOCU
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | 2.20× | — | ||
| Q4 23 | 0.39× | — |
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 | $204.4M | $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 | 1.07× | 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CMBTDOCU
| Q4 25 | — | $290.3M | ||
| Q3 25 | — | $246.1M | ||
| Q2 25 | — | $251.4M | ||
| Q4 24 | $204.4M | — | ||
| Q4 23 | $435.8M | — |
自由现金流CMBTDOCU
| Q4 25 | — | $262.9M | ||
| Q3 25 | — | $217.6M | ||
| Q2 25 | — | $227.8M | ||
| Q4 24 | — | — | ||
| Q4 23 | $65.6M | — |
自由现金流率CMBTDOCU
| Q4 25 | — | 32.1% | ||
| Q3 25 | — | 27.2% | ||
| Q2 25 | — | 29.8% | ||
| Q4 24 | — | — | ||
| Q4 23 | 7.2% | — |
资本支出强度CMBTDOCU
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 3.1% | ||
| Q4 24 | — | — | ||
| Q4 23 | 40.9% | — |
现金转化率CMBTDOCU
| Q4 25 | — | 3.47× | ||
| Q3 25 | — | 3.91× | ||
| Q2 25 | — | 3.49× | ||
| Q4 24 | 1.07× | — | ||
| Q4 23 | 0.84× | — |
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
CMBT
暂无分部数据
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
