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AMERICOLD REALTY TRUST（COLD）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AMERICOLD REALTY TRUST的1.3倍（$818.4M vs $643.1M），DOCUSIGN, INC.净利率更高（10.2% vs -13.7%，领先24.0%），DOCUSIGN, INC.同比增速更快（8.4% vs -0.7%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-12.2M）
Americold Realty Trust是总部位于美国佐治亚州亚特兰大的温控仓储及运输企业，主营现代化商用温控仓储业务，通过冷链体系存储易腐货物，是食品保鲜供应链的重要参与方，为全球第二大温控仓储及配送服务提供商。
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。
COLD vs DOCU — 直观对比
营收规模更大
DOCU
是对方的1.3倍
$643.1M
营收增速更快
DOCU
高出9.1%
-0.7%
净利率更高
DOCU
高出24.0%
-13.7%
自由现金流更多
DOCU
多$275.1M
$-12.2M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $643.1M | $818.4M |
| 净利润 | $-88.3M | $83.7M |
| 毛利率 | 31.3% | 79.2% |
| 营业利润率 | -10.8% | 10.4% |
| 净利率 | -13.7% | 10.2% |
| 营收同比 | -0.7% | 8.4% |
| 净利润同比 | -143.9% | 34.1% |
| 每股收益（稀释后） | $-0.31 | $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COLDDOCU
| Q4 25 | $643.1M | $818.4M | ||
| Q3 25 | $649.0M | $800.6M | ||
| Q2 25 | $635.1M | $763.7M | ||
| Q1 25 | $613.7M | — | ||
| Q4 24 | $647.4M | — | ||
| Q3 24 | $660.4M | — | ||
| Q2 24 | $645.6M | — | ||
| Q1 24 | $651.4M | — |
净利润COLDDOCU
| Q4 25 | $-88.3M | $83.7M | ||
| Q3 25 | $-11.4M | $63.0M | ||
| Q2 25 | $1.5M | $72.1M | ||
| Q1 25 | $-16.4M | — | ||
| Q4 24 | $-36.2M | — | ||
| Q3 24 | $-3.7M | — | ||
| Q2 24 | $-64.1M | — | ||
| Q1 24 | $9.7M | — |
毛利率COLDDOCU
| Q4 25 | 31.3% | 79.2% | ||
| Q3 25 | 29.3% | 79.3% | ||
| Q2 25 | 30.9% | 79.4% | ||
| Q1 25 | 31.1% | — | ||
| Q4 24 | 29.7% | — | ||
| Q3 24 | 29.6% | — | ||
| Q2 24 | 31.0% | — | ||
| Q1 24 | 30.3% | — |
营业利润率COLDDOCU
| Q4 25 | -10.8% | 10.4% | ||
| Q3 25 | 2.6% | 8.1% | ||
| Q2 25 | 5.9% | 7.9% | ||
| Q1 25 | 3.6% | — | ||
| Q4 24 | -1.8% | — | ||
| Q3 24 | 4.6% | — | ||
| Q2 24 | 9.8% | — | ||
| Q1 24 | 6.4% | — |
净利率COLDDOCU
| Q4 25 | -13.7% | 10.2% | ||
| Q3 25 | -1.8% | 7.9% | ||
| Q2 25 | 0.2% | 9.4% | ||
| Q1 25 | -2.7% | — | ||
| Q4 24 | -5.6% | — | ||
| Q3 24 | -0.6% | — | ||
| Q2 24 | -9.9% | — | ||
| Q1 24 | 1.5% | — |
每股收益（稀释后）COLDDOCU
| Q4 25 | $-0.31 | $0.40 | ||
| Q3 25 | $-0.04 | $0.30 | ||
| Q2 25 | $0.01 | $0.34 | ||
| Q1 25 | $-0.06 | — | ||
| Q4 24 | $-0.12 | — | ||
| Q3 24 | $-0.01 | — | ||
| Q2 24 | $-0.23 | — | ||
| Q1 24 | $0.03 | — |
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 | $136.9M | $583.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.9B | $2.0B |
| 总资产 | $8.1B | $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COLDDOCU
| Q4 25 | $136.9M | $583.3M | ||
| Q3 25 | $33.3M | $600.0M | ||
| Q2 25 | $101.4M | $657.4M | ||
| Q1 25 | $38.9M | — | ||
| Q4 24 | $47.7M | — | ||
| Q3 24 | $61.3M | — | ||
| Q2 24 | $44.2M | — | ||
| Q1 24 | $59.2M | — |
股东权益COLDDOCU
| Q4 25 | $2.9B | $2.0B | ||
| Q3 25 | $3.0B | $2.0B | ||
| Q2 25 | $3.1B | $2.0B | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.4B | — | ||
| Q1 24 | $3.6B | — |
总资产COLDDOCU
| Q4 25 | $8.1B | $4.0B | ||
| Q3 25 | $8.1B | $3.9B | ||
| Q2 25 | $8.1B | $3.9B | ||
| Q1 25 | $7.8B | — | ||
| Q4 24 | $7.7B | — | ||
| Q3 24 | $7.9B | — | ||
| Q2 24 | $7.8B | — | ||
| Q1 24 | $7.8B | — |
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 | $130.2M | $290.3M |
| 自由现金流经营现金流 - 资本支出 | $-12.2M | $262.9M |
| 自由现金流率自由现金流/营收 | -1.9% | 32.1% |
| 资本支出强度资本支出/营收 | 22.1% | 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 | $-217.2M | — |
8季度趋势，按日历期对齐
经营现金流COLDDOCU
| Q4 25 | $130.2M | $290.3M | ||
| Q3 25 | $78.9M | $246.1M | ||
| Q2 25 | $120.3M | $251.4M | ||
| Q1 25 | $30.2M | — | ||
| Q4 24 | $162.6M | — | ||
| Q3 24 | $50.6M | — | ||
| Q2 24 | $136.7M | — | ||
| Q1 24 | $62.0M | — |
自由现金流COLDDOCU
| Q4 25 | $-12.2M | $262.9M | ||
| Q3 25 | $-65.4M | $217.6M | ||
| Q2 25 | $-57.4M | $227.8M | ||
| Q1 25 | $-82.3M | — | ||
| Q4 24 | $57.4M | — | ||
| Q3 24 | $-44.5M | — | ||
| Q2 24 | $73.3M | — | ||
| Q1 24 | $16.2M | — |
自由现金流率COLDDOCU
| Q4 25 | -1.9% | 32.1% | ||
| Q3 25 | -10.1% | 27.2% | ||
| Q2 25 | -9.0% | 29.8% | ||
| Q1 25 | -13.4% | — | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | -6.7% | — | ||
| Q2 24 | 11.4% | — | ||
| Q1 24 | 2.5% | — |
资本支出强度COLDDOCU
| Q4 25 | 22.1% | 3.3% | ||
| Q3 25 | 22.2% | 3.6% | ||
| Q2 25 | 28.0% | 3.1% | ||
| Q1 25 | 18.3% | — | ||
| Q4 24 | 16.3% | — | ||
| Q3 24 | 14.4% | — | ||
| Q2 24 | 9.8% | — | ||
| Q1 24 | 7.0% | — |
现金转化率COLDDOCU
| Q4 25 | — | 3.47× | ||
| Q3 25 | — | 3.91× | ||
| Q2 25 | 78.18× | 3.49× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 6.36× | — |
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
COLD
| Warehouse Services | $269.0M | 42% |
| Warehouse Rent And Storage | $199.9M | 31% |
| Other Facilities Costs | $60.0M | 9% |
| Transportation Segment | $48.3M | 8% |
| Power | $34.7M | 5% |
| Transportation | $22.0M | 3% |
| Third Party Managed Segment | $9.5M | 1% |
| Third Party Managed | $2.4M | 0% |
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
