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DOCUSIGN, INC.（DOCU）与FIVE BELOW, INC（FIVE）财务数据对比。点击上方公司名可切换其他公司
FIVE BELOW, INC的季度营收约是DOCUSIGN, INC.的1.3倍（$1.0B vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs 3.5%，领先6.7%），FIVE BELOW, INC同比增速更快（23.1% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-133.2M）
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。
Five Below是美国特色折扣礼品连锁品牌，2002年成立，总部位于宾夕法尼亚州费城，主要面向青少年消费群体，旗下绝大多数商品定价不超过5美元，另有少量精选商品最高定价40美元，目前在全美拥有超过1850家线下门店。
DOCU vs FIVE — 直观对比
营收规模更大
FIVE
是对方的1.3倍
$818.4M
营收增速更快
FIVE
高出14.6%
8.4%
净利率更高
DOCU
高出6.7%
3.5%
自由现金流更多
DOCU
多$396.1M
$-133.2M
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.0B |
| 净利润 | $83.7M | $36.5M |
| 毛利率 | 79.2% | 33.8% |
| 营业利润率 | 10.4% | 4.2% |
| 净利率 | 10.2% | 3.5% |
| 营收同比 | 8.4% | 23.1% |
| 净利润同比 | 34.1% | 2063.9% |
| 每股收益（稀释后） | $0.40 | $0.66 |
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DOCUFIVE
| Q4 25 | $818.4M | $1.0B | ||
| Q3 25 | $800.6M | $1.0B | ||
| Q2 25 | $763.7M | $970.5M | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $843.7M | ||
| Q3 24 | — | $830.1M | ||
| Q2 24 | — | $811.9M | ||
| Q1 24 | — | $1.3B |
净利润DOCUFIVE
| Q4 25 | $83.7M | $36.5M | ||
| Q3 25 | $63.0M | $42.8M | ||
| Q2 25 | $72.1M | $41.1M | ||
| Q1 25 | — | $187.5M | ||
| Q4 24 | — | $1.7M | ||
| Q3 24 | — | $33.0M | ||
| Q2 24 | — | $31.5M | ||
| Q1 24 | — | $202.2M |
毛利率DOCUFIVE
| Q4 25 | 79.2% | 33.8% | ||
| Q3 25 | 79.3% | 33.3% | ||
| Q2 25 | 79.4% | 33.4% | ||
| Q1 25 | — | 40.2% | ||
| Q4 24 | — | 30.6% | ||
| Q3 24 | — | 32.7% | ||
| Q2 24 | — | 32.5% | ||
| Q1 24 | — | 41.2% |
营业利润率DOCUFIVE
| Q4 25 | 10.4% | 4.2% | ||
| Q3 25 | 8.1% | 5.1% | ||
| Q2 25 | 7.9% | 5.2% | ||
| Q1 25 | — | 17.7% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | 5.0% | ||
| Q2 24 | — | 4.5% | ||
| Q1 24 | — | 20.1% |
净利率DOCUFIVE
| Q4 25 | 10.2% | 3.5% | ||
| Q3 25 | 7.9% | 4.2% | ||
| Q2 25 | 9.4% | 4.2% | ||
| Q1 25 | — | 13.5% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 3.9% | ||
| Q1 24 | — | 15.1% |
每股收益（稀释后）DOCUFIVE
| Q4 25 | $0.40 | $0.66 | ||
| Q3 25 | $0.30 | $0.77 | ||
| Q2 25 | $0.34 | $0.75 | ||
| Q1 25 | — | $3.40 | ||
| Q4 24 | — | $0.03 | ||
| Q3 24 | — | $0.60 | ||
| Q2 24 | — | $0.57 | ||
| Q1 24 | — | $3.64 |
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 | $524.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $2.0B |
| 总资产 | $4.0B | $4.8B |
| 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DOCUFIVE
| Q4 25 | $583.3M | $524.5M | ||
| Q3 25 | $600.0M | $670.2M | ||
| Q2 25 | $657.4M | $624.0M | ||
| Q1 25 | — | $528.8M | ||
| Q4 24 | — | $216.6M | ||
| Q3 24 | — | $327.7M | ||
| Q2 24 | — | $369.6M | ||
| Q1 24 | — | $460.1M |
股东权益DOCUFIVE
| Q4 25 | $2.0B | $2.0B | ||
| Q3 25 | $2.0B | $1.9B | ||
| Q2 25 | $2.0B | $1.9B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.6B |
总资产DOCUFIVE
| Q4 25 | $4.0B | $4.8B | ||
| Q3 25 | $3.9B | $4.6B | ||
| Q2 25 | $3.9B | $4.5B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
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 | $-80.1M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $-133.2M |
| 自由现金流率自由现金流/营收 | 32.1% | -12.8% |
| 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× | -2.19× |
| 过去12个月自由现金流最近4个季度 | — | $323.0M |
8季度趋势，按日历期对齐
经营现金流DOCUFIVE
| Q4 25 | $290.3M | $-80.1M | ||
| Q3 25 | $246.1M | $93.0M | ||
| Q2 25 | $251.4M | $132.7M | ||
| Q1 25 | — | $363.5M | ||
| Q4 24 | — | $-30.6M | ||
| Q3 24 | — | $71.3M | ||
| Q2 24 | — | $26.4M | ||
| Q1 24 | — | $407.7M |
自由现金流DOCUFIVE
| Q4 25 | $262.9M | $-133.2M | ||
| Q3 25 | $217.6M | $48.3M | ||
| Q2 25 | $227.8M | $96.5M | ||
| Q1 25 | — | $311.4M | ||
| Q4 24 | — | $-111.0M | ||
| Q3 24 | — | $-32.4M | ||
| Q2 24 | — | $-61.4M | ||
| Q1 24 | — | $304.6M |
自由现金流率DOCUFIVE
| Q4 25 | 32.1% | -12.8% | ||
| Q3 25 | 27.2% | 4.7% | ||
| Q2 25 | 29.8% | 9.9% | ||
| Q1 25 | — | 22.4% | ||
| Q4 24 | — | -13.2% | ||
| Q3 24 | — | -3.9% | ||
| Q2 24 | — | -7.6% | ||
| Q1 24 | — | 22.8% |
资本支出强度DOCUFIVE
| Q4 25 | 3.3% | 5.1% | ||
| Q3 25 | 3.6% | 4.4% | ||
| Q2 25 | 3.1% | 3.7% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | — | 12.5% | ||
| Q2 24 | — | 10.8% | ||
| Q1 24 | — | 7.7% |
现金转化率DOCUFIVE
| Q4 25 | 3.47× | -2.19× | ||
| Q3 25 | 3.91× | 2.17× | ||
| Q2 25 | 3.49× | 3.22× | ||
| Q1 25 | — | 1.94× | ||
| Q4 24 | — | -18.13× | ||
| Q3 24 | — | 2.16× | ||
| Q2 24 | — | 0.84× | ||
| 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% |
FIVE
暂无分部数据
