vs
DOCUSIGN, INC.（DOCU）与Equifax（EFX）财务数据对比。点击上方公司名可切换其他公司
Equifax的季度营收约是DOCUSIGN, INC.的1.9倍（$1.6B vs $818.4M），Equifax净利率更高（11.3% vs 10.2%，领先1.1%），Equifax同比增速更快（9.2% vs 8.4%），Equifax自由现金流更多（$340.8M vs $262.9M）
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。
Equifax是总部位于美国佐治亚州亚特兰大的跨国消费信用报告机构，与益博睿、环联并称全球三大消费信用报告机构，在全球范围内收集汇总了超过8亿名个人消费者及8800万家企业的相关信息。
DOCU vs EFX — 直观对比
营收规模更大
EFX
是对方的1.9倍
$818.4M
营收增速更快
EFX
高出0.8%
8.4%
净利率更高
EFX
高出1.1%
10.2%
自由现金流更多
EFX
多$77.9M
$262.9M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.6B |
| 净利润 | $83.7M | $175.7M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | 18.3% |
| 净利率 | 10.2% | 11.3% |
| 营收同比 | 8.4% | 9.2% |
| 净利润同比 | 34.1% | 1.0% |
| 每股收益（稀释后） | $0.40 | $1.44 |
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DOCUEFX
| Q4 25 | $818.4M | $1.6B | ||
| Q3 25 | $800.6M | $1.5B | ||
| Q2 25 | $763.7M | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
净利润DOCUEFX
| Q4 25 | $83.7M | $175.7M | ||
| Q3 25 | $63.0M | $160.2M | ||
| Q2 25 | $72.1M | $191.3M | ||
| Q1 25 | — | $133.1M | ||
| Q4 24 | — | $174.0M | ||
| Q3 24 | — | $141.3M | ||
| Q2 24 | — | $163.9M | ||
| Q1 24 | — | $124.9M |
毛利率DOCUEFX
| Q4 25 | 79.2% | — | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 79.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率DOCUEFX
| Q4 25 | 10.4% | 18.3% | ||
| Q3 25 | 8.1% | 17.1% | ||
| Q2 25 | 7.9% | 20.2% | ||
| Q1 25 | — | 16.4% | ||
| Q4 24 | — | 20.3% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 19.7% | ||
| Q1 24 | — | 16.2% |
净利率DOCUEFX
| Q4 25 | 10.2% | 11.3% | ||
| Q3 25 | 7.9% | 10.4% | ||
| Q2 25 | 9.4% | 12.4% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | 12.3% | ||
| Q3 24 | — | 9.8% | ||
| Q2 24 | — | 11.5% | ||
| Q1 24 | — | 9.0% |
每股收益（稀释后）DOCUEFX
| Q4 25 | $0.40 | $1.44 | ||
| Q3 25 | $0.30 | $1.29 | ||
| Q2 25 | $0.34 | $1.53 | ||
| Q1 25 | — | $1.06 | ||
| Q4 24 | — | $1.40 | ||
| Q3 24 | — | $1.13 | ||
| Q2 24 | — | $1.31 | ||
| Q1 24 | — | $1.00 |
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 | $583.3M | $180.8M |
| 总债务越低越好 | — | $5.1B |
| 股东权益账面价值 | $2.0B | $4.6B |
| 总资产 | $4.0B | $11.9B |
| 负债/权益比越低杠杆越低 | — | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资DOCUEFX
| Q4 25 | $583.3M | $180.8M | ||
| Q3 25 | $600.0M | $189.0M | ||
| Q2 25 | $657.4M | $189.0M | ||
| Q1 25 | — | $195.2M | ||
| Q4 24 | — | $169.9M | ||
| Q3 24 | — | $468.2M | ||
| Q2 24 | — | $181.9M | ||
| Q1 24 | — | $201.0M |
总债务DOCUEFX
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DOCUEFX
| Q4 25 | $2.0B | $4.6B | ||
| Q3 25 | $2.0B | $4.9B | ||
| Q2 25 | $2.0B | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $4.9B | ||
| Q2 24 | — | $4.7B | ||
| Q1 24 | — | $4.6B |
总资产DOCUEFX
| Q4 25 | $4.0B | $11.9B | ||
| Q3 25 | $3.9B | $11.8B | ||
| Q2 25 | $3.9B | $11.9B | ||
| Q1 25 | — | $11.9B | ||
| Q4 24 | — | $11.8B | ||
| Q3 24 | — | $12.3B | ||
| Q2 24 | — | $12.2B | ||
| Q1 24 | — | $12.3B |
负债/权益比DOCUEFX
| Q4 25 | — | 1.11× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.05× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $470.8M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $340.8M |
| 自由现金流率自由现金流/营收 | 32.1% | 22.0% |
| 资本支出强度资本支出/营收 | 3.3% | 8.4% |
| 现金转化率经营现金流/净利润 | 3.47× | 2.68× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流DOCUEFX
| Q4 25 | $290.3M | $470.8M | ||
| Q3 25 | $246.1M | $559.9M | ||
| Q2 25 | $251.4M | $361.1M | ||
| Q1 25 | — | $223.9M | ||
| Q4 24 | — | $324.8M | ||
| Q3 24 | — | $479.5M | ||
| Q2 24 | — | $267.5M | ||
| Q1 24 | — | $252.7M |
自由现金流DOCUEFX
| Q4 25 | $262.9M | $340.8M | ||
| Q3 25 | $217.6M | $437.9M | ||
| Q2 25 | $227.8M | $238.9M | ||
| Q1 25 | — | $116.7M | ||
| Q4 24 | — | $205.9M | ||
| Q3 24 | — | $355.5M | ||
| Q2 24 | — | $130.8M | ||
| Q1 24 | — | $120.8M |
自由现金流率DOCUEFX
| Q4 25 | 32.1% | 22.0% | ||
| Q3 25 | 27.2% | 28.3% | ||
| Q2 25 | 29.8% | 15.5% | ||
| Q1 25 | — | 8.1% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | — | 8.7% |
资本支出强度DOCUEFX
| Q4 25 | 3.3% | 8.4% | ||
| Q3 25 | 3.6% | 7.9% | ||
| Q2 25 | 3.1% | 8.0% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | — | 9.6% | ||
| Q1 24 | — | 9.5% |
现金转化率DOCUEFX
| Q4 25 | 3.47× | 2.68× | ||
| Q3 25 | 3.91× | 3.50× | ||
| Q2 25 | 3.49× | 1.89× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | — | 1.87× | ||
| Q3 24 | — | 3.39× | ||
| Q2 24 | — | 1.63× | ||
| Q1 24 | — | 2.02× |
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
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
EFX
| United States Consumer Information Solutions | $1.5B | 95% |
| Employer Services | $95.3M | 6% |
