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CyberArk Software Ltd.（CYBR）与DOCUSIGN, INC.（DOCU）财务数据对比。点击上方公司名可切换其他公司
CyberArk Software Ltd.的季度营收约是DOCUSIGN, INC.的1.2倍（$988.5M vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs -13.1%，领先23.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $144.9M）
CyberArk Software Ltd.是以色列上市信息安全企业，主打身份管理相关产品及服务，其技术广泛应用于金融服务、能源、零售、医疗健康、政务等多个领域，总部位于佩塔提克瓦，在美洲、欧非中东、亚太及日本多地均设有办事机构。
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。
CYBR vs DOCU — 直观对比
营收规模更大
CYBR
是对方的1.2倍
$818.4M
净利率更高
DOCU
高出23.4%
-13.1%
自由现金流更多
DOCU
多$118.0M
$144.9M
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $988.5M | $818.4M |
| 净利润 | $-129.8M | $83.7M |
| 毛利率 | 76.0% | 79.2% |
| 营业利润率 | -10.8% | 10.4% |
| 净利率 | -13.1% | 10.2% |
| 营收同比 | — | 8.4% |
| 净利润同比 | — | 34.1% |
| 每股收益（稀释后） | — | $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CYBRDOCU
| Q4 25 | — | $818.4M | ||
| Q3 25 | $988.5M | $800.6M | ||
| Q2 25 | $645.6M | $763.7M | ||
| Q1 25 | $317.6M | — | ||
| Q2 24 | $446.3M | — | ||
| Q1 24 | $221.6M | — |
净利润CYBRDOCU
| Q4 25 | — | $83.7M | ||
| Q3 25 | $-129.8M | $63.0M | ||
| Q2 25 | $-79.4M | $72.1M | ||
| Q1 25 | $11.5M | — | ||
| Q2 24 | $-7.5M | — | ||
| Q1 24 | $5.5M | — |
毛利率CYBRDOCU
| Q4 25 | — | 79.2% | ||
| Q3 25 | 76.0% | 79.3% | ||
| Q2 25 | 75.7% | 79.4% | ||
| Q1 25 | 76.0% | — | ||
| Q2 24 | 80.4% | — | ||
| Q1 24 | 80.9% | — |
营业利润率CYBRDOCU
| Q4 25 | — | 10.4% | ||
| Q3 25 | -10.8% | 8.1% | ||
| Q2 25 | -8.8% | 7.9% | ||
| Q1 25 | -6.5% | — | ||
| Q2 24 | -6.8% | — | ||
| Q1 24 | -2.9% | — |
净利率CYBRDOCU
| Q4 25 | — | 10.2% | ||
| Q3 25 | -13.1% | 7.9% | ||
| Q2 25 | -12.3% | 9.4% | ||
| Q1 25 | 3.6% | — | ||
| Q2 24 | -1.7% | — | ||
| Q1 24 | 2.5% | — |
每股收益（稀释后）CYBRDOCU
| Q4 25 | — | $0.40 | ||
| Q3 25 | — | $0.30 | ||
| Q2 25 | — | $0.34 | ||
| Q1 25 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $523.6M | $583.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.3B | $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CYBRDOCU
| Q4 25 | — | $583.3M | ||
| Q3 25 | $523.6M | $600.0M | ||
| Q2 25 | $886.4M | $657.4M | ||
| Q1 25 | $413.6M | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $440.5M | — |
股东权益CYBRDOCU
| Q4 25 | — | $2.0B | ||
| Q3 25 | $2.3B | $2.0B | ||
| Q2 25 | $2.3B | $2.0B | ||
| Q1 25 | $2.4B | — | ||
| Q2 24 | $877.0M | — | ||
| Q1 24 | $837.0M | — |
总资产CYBRDOCU
| Q4 25 | — | $4.0B | ||
| Q3 25 | $4.6B | $3.9B | ||
| Q2 25 | $4.5B | $3.9B | ||
| Q1 25 | $3.3B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.0B | — |
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 | $153.9M | $290.3M |
| 自由现金流经营现金流 - 资本支出 | $144.9M | $262.9M |
| 自由现金流率自由现金流/营收 | 14.7% | 32.1% |
| 资本支出强度资本支出/营收 | 0.9% | 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 | — | — |
8季度趋势，按日历期对齐
经营现金流CYBRDOCU
| Q4 25 | — | $290.3M | ||
| Q3 25 | $153.9M | $246.1M | ||
| Q2 25 | $103.3M | $251.4M | ||
| Q1 25 | $98.5M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $68.6M | — |
自由现金流CYBRDOCU
| Q4 25 | — | $262.9M | ||
| Q3 25 | $144.9M | $217.6M | ||
| Q2 25 | $98.8M | $227.8M | ||
| Q1 25 | $96.8M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $66.8M | — |
自由现金流率CYBRDOCU
| Q4 25 | — | 32.1% | ||
| Q3 25 | 14.7% | 27.2% | ||
| Q2 25 | 15.3% | 29.8% | ||
| Q1 25 | 30.5% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 30.1% | — |
资本支出强度CYBRDOCU
| Q4 25 | — | 3.3% | ||
| Q3 25 | 0.9% | 3.6% | ||
| Q2 25 | 0.7% | 3.1% | ||
| Q1 25 | 0.5% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.8% | — |
现金转化率CYBRDOCU
| Q4 25 | — | 3.47× | ||
| Q3 25 | — | 3.91× | ||
| Q2 25 | — | 3.49× | ||
| Q1 25 | 8.60× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 12.55× | — |
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
CYBR
| Subscription | $794.5M | 80% |
| Maintenance, Professional Services and other | $194.0M | 20% |
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
