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DOCUSIGN, INC.（DOCU）与FMC CORP（FMC）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FMC CORP的1.1倍（$818.4M vs $759.0M），DOCUSIGN, INC.净利率更高（10.2% vs -37.0%，领先47.3%），DOCUSIGN, INC.同比增速更快（8.4% vs -4.0%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-628.1M）
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。
FMC公司是总部位于美国宾夕法尼亚州费城的化工制造企业，1883年创立之初以生产杀虫剂为主，后续逐步拓展业务至其他领域。二战期间曾为美国陆军部设计生产两栖履带登陆车，目前在全球拥有7000名员工，业务布局广泛。
DOCU vs FMC — 直观对比
营收规模更大
DOCU
是对方的1.1倍
$759.0M
营收增速更快
DOCU
高出12.5%
-4.0%
净利率更高
DOCU
高出47.3%
-37.0%
自由现金流更多
DOCU
多$891.0M
$-628.1M
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $759.0M |
| 净利润 | $83.7M | $-281.2M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | -10.6% |
| 净利率 | 10.2% | -37.0% |
| 营收同比 | 8.4% | -4.0% |
| 净利润同比 | 34.1% | — |
| 每股收益（稀释后） | $0.40 | $-2.25 |
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DOCUFMC
| Q1 26 | — | $759.0M | ||
| Q4 25 | $818.4M | $1.1B | ||
| Q3 25 | $800.6M | $542.2M | ||
| Q2 25 | $763.7M | $1.1B | ||
| Q1 25 | — | $791.4M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.0B |
净利润DOCUFMC
| Q1 26 | — | $-281.2M | ||
| Q4 25 | $83.7M | $-1.7B | ||
| Q3 25 | $63.0M | $-569.3M | ||
| Q2 25 | $72.1M | $66.7M | ||
| Q1 25 | — | $-15.5M | ||
| Q4 24 | — | $-16.3M | ||
| Q3 24 | — | $65.0M | ||
| Q2 24 | — | $295.1M |
毛利率DOCUFMC
| Q1 26 | — | — | ||
| Q4 25 | 79.2% | 39.8% | ||
| Q3 25 | 79.3% | 23.8% | ||
| Q2 25 | 79.4% | 38.7% | ||
| Q1 25 | — | 40.0% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 36.3% | ||
| Q2 24 | — | 38.3% |
营业利润率DOCUFMC
| Q1 26 | — | -10.6% | ||
| Q4 25 | 10.4% | -130.8% | ||
| Q3 25 | 8.1% | -73.1% | ||
| Q2 25 | 7.9% | 12.0% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 6.0% |
净利率DOCUFMC
| Q1 26 | — | -37.0% | ||
| Q4 25 | 10.2% | -158.8% | ||
| Q3 25 | 7.9% | -105.0% | ||
| Q2 25 | 9.4% | 6.3% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | — | -1.3% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | — | 28.4% |
每股收益（稀释后）DOCUFMC
| Q1 26 | — | $-2.25 | ||
| Q4 25 | $0.40 | $-13.77 | ||
| Q3 25 | $0.30 | $-4.52 | ||
| Q2 25 | $0.34 | $0.53 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | — | $0.52 | ||
| Q2 24 | — | $2.35 |
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 | $390.9M |
| 总债务越低越好 | — | $2.8B |
| 股东权益账面价值 | $2.0B | $1.8B |
| 总资产 | $4.0B | $9.4B |
| 负债/权益比越低杠杆越低 | — | 1.50× |
8季度趋势，按日历期对齐
现金及短期投资DOCUFMC
| Q1 26 | — | $390.9M | ||
| Q4 25 | $583.3M | $584.5M | ||
| Q3 25 | $600.0M | $497.7M | ||
| Q2 25 | $657.4M | $438.2M | ||
| Q1 25 | — | $315.3M | ||
| Q4 24 | — | $357.3M | ||
| Q3 24 | — | $416.7M | ||
| Q2 24 | — | $471.5M |
总债务DOCUFMC
| Q1 26 | — | $2.8B | ||
| Q4 25 | — | $3.4B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | — | $3.4B | ||
| Q1 25 | — | $3.1B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.1B |
股东权益DOCUFMC
| Q1 26 | — | $1.8B | ||
| Q4 25 | $2.0B | $2.1B | ||
| Q3 25 | $2.0B | $3.8B | ||
| Q2 25 | $2.0B | $4.4B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $4.6B |
总资产DOCUFMC
| Q1 26 | — | $9.4B | ||
| Q4 25 | $4.0B | $9.7B | ||
| Q3 25 | $3.9B | $12.1B | ||
| Q2 25 | $3.9B | $12.3B | ||
| Q1 25 | — | $11.8B | ||
| Q4 24 | — | $11.7B | ||
| Q3 24 | — | $12.2B | ||
| Q2 24 | — | $12.1B |
负债/权益比DOCUFMC
| Q1 26 | — | 1.50× | ||
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 0.89× | ||
| Q2 25 | — | 0.76× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.69× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.68× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $-628.1M |
| 自由现金流率自由现金流/营收 | 32.1% | -82.8% |
| 资本支出强度资本支出/营收 | 3.3% | 2.2% |
| 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 | — | $-154.0M |
8季度趋势，按日历期对齐
经营现金流DOCUFMC
| Q1 26 | — | — | ||
| Q4 25 | $290.3M | $657.1M | ||
| Q3 25 | $246.1M | $-184.2M | ||
| Q2 25 | $251.4M | $65.9M | ||
| Q1 25 | — | $-545.0M | ||
| Q4 24 | — | $427.9M | ||
| Q3 24 | — | $159.5M | ||
| Q2 24 | — | $292.2M |
自由现金流DOCUFMC
| Q1 26 | — | $-628.1M | ||
| Q4 25 | $262.9M | $631.1M | ||
| Q3 25 | $217.6M | $-207.9M | ||
| Q2 25 | $227.8M | $50.9M | ||
| Q1 25 | — | $-576.6M | ||
| Q4 24 | — | $406.3M | ||
| Q3 24 | — | $143.8M | ||
| Q2 24 | — | $282.3M |
自由现金流率DOCUFMC
| Q1 26 | — | -82.8% | ||
| Q4 25 | 32.1% | 58.3% | ||
| Q3 25 | 27.2% | -38.3% | ||
| Q2 25 | 29.8% | 4.8% | ||
| Q1 25 | — | -72.9% | ||
| Q4 24 | — | 33.2% | ||
| Q3 24 | — | 13.5% | ||
| Q2 24 | — | 27.2% |
资本支出强度DOCUFMC
| Q1 26 | — | 2.2% | ||
| Q4 25 | 3.3% | 2.4% | ||
| Q3 25 | 3.6% | 4.4% | ||
| Q2 25 | 3.1% | 1.4% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.0% |
现金转化率DOCUFMC
| Q1 26 | — | — | ||
| Q4 25 | 3.47× | — | ||
| Q3 25 | 3.91× | — | ||
| Q2 25 | 3.49× | 0.99× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.45× | ||
| Q2 24 | — | 0.99× |
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% |
FMC
| EMEA | $307.0M | 40% |
| North America | $198.0M | 26% |
| Latin America | $177.0M | 23% |
| Asia (excluding 2026 India) 1 | $81.0M | 11% |
