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DOCUSIGN, INC.（DOCU）与Encompass Health Corp（EHC）财务数据对比。点击上方公司名可切换其他公司
Encompass Health Corp的季度营收约是DOCUSIGN, INC.的1.9倍（$1.5B vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs 9.5%，领先0.8%），Encompass Health Corp同比增速更快（9.9% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $116.7M）
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。
Encompass Health Corp前身为Amcare及HealthSouth，总部位于美国阿拉巴马州伯明翰，是美国规模最大的住院康复服务提供商，在39个州及波多黎各拥有173家住院康复医院，为中风、神经系统疾病、心肺病症、脑损伤等患者提供专业康复诊疗服务。
DOCU vs EHC — 直观对比
营收规模更大
EHC
是对方的1.9倍
$818.4M
营收增速更快
EHC
高出1.5%
8.4%
净利率更高
DOCU
高出0.8%
9.5%
自由现金流更多
DOCU
多$146.2M
$116.7M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.5B |
| 净利润 | $83.7M | $146.1M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | 16.7% |
| 净利率 | 10.2% | 9.5% |
| 营收同比 | 8.4% | 9.9% |
| 净利润同比 | 34.1% | 20.8% |
| 每股收益（稀释后） | $0.40 | $1.43 |
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DOCUEHC
| Q4 25 | $818.4M | $1.5B | ||
| Q3 25 | $800.6M | $1.5B | ||
| Q2 25 | $763.7M | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
净利润DOCUEHC
| Q4 25 | $83.7M | $146.1M | ||
| Q3 25 | $63.0M | $126.5M | ||
| Q2 25 | $72.1M | $142.1M | ||
| Q1 25 | — | $151.5M | ||
| Q4 24 | — | $120.9M | ||
| Q3 24 | — | $108.2M | ||
| Q2 24 | — | $114.1M | ||
| Q1 24 | — | $112.5M |
毛利率DOCUEHC
| 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DOCUEHC
| Q4 25 | 10.4% | 16.7% | ||
| Q3 25 | 8.1% | 14.9% | ||
| Q2 25 | 7.9% | 16.2% | ||
| Q1 25 | — | 16.4% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 14.3% | ||
| Q1 24 | — | 13.6% |
净利率DOCUEHC
| Q4 25 | 10.2% | 9.5% | ||
| Q3 25 | 7.9% | 8.6% | ||
| Q2 25 | 9.4% | 9.7% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | — | 8.5% |
每股收益（稀释后）DOCUEHC
| Q4 25 | $0.40 | $1.43 | ||
| Q3 25 | $0.30 | $1.24 | ||
| Q2 25 | $0.34 | $1.39 | ||
| Q1 25 | — | $1.48 | ||
| Q4 24 | — | $1.18 | ||
| Q3 24 | — | $1.06 | ||
| Q2 24 | — | $1.12 | ||
| Q1 24 | — | $1.10 |
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 | $72.2M |
| 总债务越低越好 | — | $2.4B |
| 股东权益账面价值 | $2.0B | $2.4B |
| 总资产 | $4.0B | $7.1B |
| 负债/权益比越低杠杆越低 | — | 1.00× |
8季度趋势，按日历期对齐
现金及短期投资DOCUEHC
| Q4 25 | $583.3M | $72.2M | ||
| Q3 25 | $600.0M | $48.7M | ||
| Q2 25 | $657.4M | $99.1M | ||
| Q1 25 | — | $95.8M | ||
| Q4 24 | — | $85.4M | ||
| Q3 24 | — | $147.8M | ||
| Q2 24 | — | $154.4M | ||
| Q1 24 | — | $134.4M |
总债务DOCUEHC
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.7B |
股东权益DOCUEHC
| Q4 25 | $2.0B | $2.4B | ||
| Q3 25 | $2.0B | $2.4B | ||
| Q2 25 | $2.0B | $2.3B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $1.7B |
总资产DOCUEHC
| Q4 25 | $4.0B | $7.1B | ||
| Q3 25 | $3.9B | $6.9B | ||
| Q2 25 | $3.9B | $6.8B | ||
| Q1 25 | — | $6.6B | ||
| Q4 24 | — | $6.5B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.4B | ||
| Q1 24 | — | $6.2B |
负债/权益比DOCUEHC
| Q4 25 | — | 1.00× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | — | 1.08× | ||
| Q4 24 | — | 1.14× | ||
| Q3 24 | — | 1.20× | ||
| Q2 24 | — | 1.46× | ||
| Q1 24 | — | 1.54× |
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 | $346.0M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $116.7M |
| 自由现金流率自由现金流/营收 | 32.1% | 7.6% |
| 资本支出强度资本支出/营收 | 3.3% | 14.8% |
| 现金转化率经营现金流/净利润 | 3.47× | 2.37× |
| 过去12个月自由现金流最近4个季度 | — | $439.2M |
8季度趋势，按日历期对齐
经营现金流DOCUEHC
| Q4 25 | $290.3M | $346.0M | ||
| Q3 25 | $246.1M | $270.8M | ||
| Q2 25 | $251.4M | $270.2M | ||
| Q1 25 | — | $288.6M | ||
| Q4 24 | — | $278.8M | ||
| Q3 24 | — | $267.8M | ||
| Q2 24 | — | $217.4M | ||
| Q1 24 | — | $238.8M |
自由现金流DOCUEHC
| Q4 25 | $262.9M | $116.7M | ||
| Q3 25 | $217.6M | $83.7M | ||
| Q2 25 | $227.8M | $113.3M | ||
| Q1 25 | — | $125.5M | ||
| Q4 24 | — | $80.1M | ||
| Q3 24 | — | $120.3M | ||
| Q2 24 | — | $60.5M | ||
| Q1 24 | — | $99.4M |
自由现金流率DOCUEHC
| Q4 25 | 32.1% | 7.6% | ||
| Q3 25 | 27.2% | 5.7% | ||
| Q2 25 | 29.8% | 7.8% | ||
| Q1 25 | — | 8.6% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | — | 4.6% | ||
| Q1 24 | — | 7.6% |
资本支出强度DOCUEHC
| Q4 25 | 3.3% | 14.8% | ||
| Q3 25 | 3.6% | 12.7% | ||
| Q2 25 | 3.1% | 10.8% | ||
| Q1 25 | — | 11.2% | ||
| Q4 24 | — | 14.1% | ||
| Q3 24 | — | 10.9% | ||
| Q2 24 | — | 12.1% | ||
| Q1 24 | — | 10.6% |
现金转化率DOCUEHC
| Q4 25 | 3.47× | 2.37× | ||
| Q3 25 | 3.91× | 2.14× | ||
| Q2 25 | 3.49× | 1.90× | ||
| Q1 25 | — | 1.90× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 2.48× | ||
| Q2 24 | — | 1.91× | ||
| Q1 24 | — | 2.12× |
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% |
EHC
| Medicare | $1.0B | 66% |
| Medicare Advantage | $243.1M | 16% |
| Managed Care | $160.7M | 10% |
| Medicaid | $47.0M | 3% |
| Other Income Source | $44.8M | 3% |
| Other Thirdparty Payors | $11.2M | 1% |
| Workers Compensation | $7.6M | 0% |
| Patients | $4.6M | 0% |
