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DOCUSIGN, INC.（DOCU）与FactSet（FDS）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FactSet的1.3倍（$818.4M vs $607.6M），FactSet净利率更高（25.1% vs 10.2%，领先14.9%），DOCUSIGN, INC.同比增速更快（8.4% vs 6.9%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $90.4M）
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。
FactSet是总部位于美国康涅狄格州诺沃克的金融数据与软件企业，为客户提供一体化数据及软件解决方案。2024财年，公司年度订阅价值与专业服务营收合计22亿美元，当前总市值约170亿美元。
DOCU vs FDS — 直观对比
营收规模更大
DOCU
是对方的1.3倍
$607.6M
营收增速更快
DOCU
高出1.6%
6.9%
净利率更高
FDS
高出14.9%
10.2%
自由现金流更多
DOCU
多$172.5M
$90.4M
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $607.6M |
| 净利润 | $83.7M | $152.6M |
| 毛利率 | 79.2% | 52.6% |
| 营业利润率 | 10.4% | 31.6% |
| 净利率 | 10.2% | 25.1% |
| 营收同比 | 8.4% | 6.9% |
| 净利润同比 | 34.1% | 1.7% |
| 每股收益（稀释后） | $0.40 | $4.06 |
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DOCUFDS
| Q4 25 | $818.4M | $607.6M | ||
| Q3 25 | $800.6M | $596.9M | ||
| Q2 25 | $763.7M | $585.5M | ||
| Q1 25 | — | $570.7M | ||
| Q4 24 | — | $568.7M | ||
| Q3 24 | — | $562.2M | ||
| Q2 24 | — | $552.7M | ||
| Q1 24 | — | $545.9M |
净利润DOCUFDS
| Q4 25 | $83.7M | $152.6M | ||
| Q3 25 | $63.0M | $153.6M | ||
| Q2 25 | $72.1M | $148.5M | ||
| Q1 25 | — | $144.9M | ||
| Q4 24 | — | $150.0M | ||
| Q3 24 | — | $89.5M | ||
| Q2 24 | — | $158.1M | ||
| Q1 24 | — | $140.9M |
毛利率DOCUFDS
| Q4 25 | 79.2% | 52.6% | ||
| Q3 25 | 79.3% | 51.6% | ||
| Q2 25 | 79.4% | 52.1% | ||
| Q1 25 | — | 52.8% | ||
| Q4 24 | — | 54.5% | ||
| Q3 24 | — | 54.1% | ||
| Q2 24 | — | 55.3% | ||
| Q1 24 | — | 53.3% |
营业利润率DOCUFDS
| Q4 25 | 10.4% | 31.6% | ||
| Q3 25 | 8.1% | 29.7% | ||
| Q2 25 | 7.9% | 33.2% | ||
| Q1 25 | — | 32.5% | ||
| Q4 24 | — | 33.6% | ||
| Q3 24 | — | 22.7% | ||
| Q2 24 | — | 36.6% | ||
| Q1 24 | — | 33.3% |
净利率DOCUFDS
| Q4 25 | 10.2% | 25.1% | ||
| Q3 25 | 7.9% | 25.7% | ||
| Q2 25 | 9.4% | 25.4% | ||
| Q1 25 | — | 25.4% | ||
| Q4 24 | — | 26.4% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 28.6% | ||
| Q1 24 | — | 25.8% |
每股收益（稀释后）DOCUFDS
| Q4 25 | $0.40 | $4.06 | ||
| Q3 25 | $0.30 | $4.03 | ||
| Q2 25 | $0.34 | $3.87 | ||
| Q1 25 | — | $3.76 | ||
| Q4 24 | — | $3.89 | ||
| Q3 24 | — | $2.33 | ||
| Q2 24 | — | $4.09 | ||
| Q1 24 | — | $3.65 |
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 | $292.7M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $2.0B | $2.2B |
| 总资产 | $4.0B | $4.2B |
| 负债/权益比越低杠杆越低 | — | 0.63× |
8季度趋势，按日历期对齐
现金及短期投资DOCUFDS
| Q4 25 | $583.3M | $292.7M | ||
| Q3 25 | $600.0M | $355.1M | ||
| Q2 25 | $657.4M | $364.0M | ||
| Q1 25 | — | $287.0M | ||
| Q4 24 | — | $358.8M | ||
| Q3 24 | — | $492.6M | ||
| Q2 24 | — | $522.0M | ||
| Q1 24 | — | $450.2M |
总债务DOCUFDS
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.5B |
股东权益DOCUFDS
| Q4 25 | $2.0B | $2.2B | ||
| Q3 25 | $2.0B | $2.2B | ||
| Q2 25 | $2.0B | $2.2B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.8B |
总资产DOCUFDS
| Q4 25 | $4.0B | $4.2B | ||
| Q3 25 | $3.9B | $4.3B | ||
| Q2 25 | $3.9B | $4.3B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.0B | ||
| Q1 24 | — | $4.0B |
负债/权益比DOCUFDS
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.63× | ||
| Q2 25 | — | 0.66× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.83× |
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 | $121.3M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $90.4M |
| 自由现金流率自由现金流/营收 | 32.1% | 14.9% |
| 资本支出强度资本支出/营收 | 3.3% | 5.1% |
| 现金转化率经营现金流/净利润 | 3.47× | 0.79× |
| 过去12个月自由现金流最近4个季度 | — | $647.4M |
8季度趋势，按日历期对齐
经营现金流DOCUFDS
| Q4 25 | $290.3M | $121.3M | ||
| Q3 25 | $246.1M | $212.1M | ||
| Q2 25 | $251.4M | $253.8M | ||
| Q1 25 | — | $174.0M | ||
| Q4 24 | — | $86.4M | ||
| Q3 24 | — | $163.2M | ||
| Q2 24 | — | $238.2M | ||
| Q1 24 | — | $143.8M |
自由现金流DOCUFDS
| Q4 25 | $262.9M | $90.4M | ||
| Q3 25 | $217.6M | $178.1M | ||
| Q2 25 | $227.8M | $228.6M | ||
| Q1 25 | — | $150.2M | ||
| Q4 24 | — | $60.5M | ||
| Q3 24 | — | $137.2M | ||
| Q2 24 | — | $216.9M | ||
| Q1 24 | — | $121.9M |
自由现金流率DOCUFDS
| Q4 25 | 32.1% | 14.9% | ||
| Q3 25 | 27.2% | 29.8% | ||
| Q2 25 | 29.8% | 39.0% | ||
| Q1 25 | — | 26.3% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 24.4% | ||
| Q2 24 | — | 39.2% | ||
| Q1 24 | — | 22.3% |
资本支出强度DOCUFDS
| Q4 25 | 3.3% | 5.1% | ||
| Q3 25 | 3.6% | 5.7% | ||
| Q2 25 | 3.1% | 4.3% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | — | 3.9% | ||
| Q1 24 | — | 4.0% |
现金转化率DOCUFDS
| Q4 25 | 3.47× | 0.79× | ||
| Q3 25 | 3.91× | 1.38× | ||
| Q2 25 | 3.49× | 1.71× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | 1.51× | ||
| Q1 24 | — | 1.02× |
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% |
FDS
| Americas Segment | $399.7M | 66% |
| EMEA Segment | $149.1M | 25% |
| Asia Pacific Segment | $62.2M | 10% |
