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DOCUSIGN, INC.（DOCU）与Fabrinet（FN）财务数据对比。点击上方公司名可切换其他公司
Fabrinet的季度营收约是DOCUSIGN, INC.的1.4倍（$1.1B vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs 9.9%，领先0.3%），Fabrinet同比增速更快（35.9% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-5.3M）
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。
Fabrinet（股票代码FN）为标普中型股400指数成分股。该指数由标普道琼斯指数公司维护，覆盖400家以美企为主的中等市值企业，若成分企业存在多类流通股，指数的成分股总量有时会超过400只。
DOCU vs FN — 直观对比
营收规模更大
FN
是对方的1.4倍
$818.4M
营收增速更快
FN
高出27.5%
8.4%
净利率更高
DOCU
高出0.3%
9.9%
自由现金流更多
DOCU
多$268.2M
$-5.3M
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.1B |
| 净利润 | $83.7M | $112.6M |
| 毛利率 | 79.2% | 12.2% |
| 营业利润率 | 10.4% | 10.1% |
| 净利率 | 10.2% | 9.9% |
| 营收同比 | 8.4% | 35.9% |
| 净利润同比 | 34.1% | 30.0% |
| 每股收益（稀释后） | $0.40 | $3.11 |
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DOCUFN
| Q4 25 | $818.4M | $1.1B | ||
| Q3 25 | $800.6M | $978.1M | ||
| Q2 25 | $763.7M | $909.7M | ||
| Q1 25 | — | $871.8M | ||
| Q4 24 | — | $833.6M | ||
| Q3 24 | — | $804.2M | ||
| Q2 24 | — | $753.3M | ||
| Q1 24 | — | $731.5M |
净利润DOCUFN
| Q4 25 | $83.7M | $112.6M | ||
| Q3 25 | $63.0M | $95.9M | ||
| Q2 25 | $72.1M | $87.2M | ||
| Q1 25 | — | $81.3M | ||
| Q4 24 | — | $86.6M | ||
| Q3 24 | — | $77.4M | ||
| Q2 24 | — | $81.1M | ||
| Q1 24 | — | $80.9M |
毛利率DOCUFN
| Q4 25 | 79.2% | 12.2% | ||
| Q3 25 | 79.3% | 11.9% | ||
| Q2 25 | 79.4% | 12.2% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | — | 12.3% | ||
| Q1 24 | — | 12.4% |
营业利润率DOCUFN
| Q4 25 | 10.4% | 10.1% | ||
| Q3 25 | 8.1% | 9.6% | ||
| Q2 25 | 7.9% | 9.8% | ||
| Q1 25 | — | 9.0% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | — | 9.6% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | — | 9.7% |
净利率DOCUFN
| Q4 25 | 10.2% | 9.9% | ||
| Q3 25 | 7.9% | 9.8% | ||
| Q2 25 | 9.4% | 9.6% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | — | 9.6% | ||
| Q2 24 | — | 10.8% | ||
| Q1 24 | — | 11.1% |
每股收益（稀释后）DOCUFN
| Q4 25 | $0.40 | $3.11 | ||
| Q3 25 | $0.30 | $2.66 | ||
| Q2 25 | $0.34 | $2.41 | ||
| Q1 25 | — | $2.25 | ||
| Q4 24 | — | $2.38 | ||
| Q3 24 | — | $2.13 | ||
| Q2 24 | — | $2.22 | ||
| Q1 24 | — | $2.21 |
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 | $960.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $2.2B |
| 总资产 | $4.0B | $3.3B |
| 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DOCUFN
| Q4 25 | $583.3M | $960.8M | ||
| Q3 25 | $600.0M | $968.8M | ||
| Q2 25 | $657.4M | $934.2M | ||
| Q1 25 | — | $950.7M | ||
| Q4 24 | — | $934.6M | ||
| Q3 24 | — | $908.9M | ||
| Q2 24 | — | $858.6M | ||
| Q1 24 | — | $794.0M |
股东权益DOCUFN
| Q4 25 | $2.0B | $2.2B | ||
| Q3 25 | $2.0B | $2.1B | ||
| Q2 25 | $2.0B | $2.0B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.7B |
总资产DOCUFN
| Q4 25 | $4.0B | $3.3B | ||
| Q3 25 | $3.9B | $3.0B | ||
| Q2 25 | $3.9B | $2.8B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.2B |
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 | $46.3M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $-5.3M |
| 自由现金流率自由现金流/营收 | 32.1% | -0.5% |
| 资本支出强度资本支出/营收 | 3.3% | 4.6% |
| 现金转化率经营现金流/净利润 | 3.47× | 0.41× |
| 过去12个月自由现金流最近4个季度 | — | $102.3M |
8季度趋势，按日历期对齐
经营现金流DOCUFN
| Q4 25 | $290.3M | $46.3M | ||
| Q3 25 | $246.1M | $102.6M | ||
| Q2 25 | $251.4M | $55.1M | ||
| Q1 25 | — | $74.2M | ||
| Q4 24 | — | $115.9M | ||
| Q3 24 | — | $83.2M | ||
| Q2 24 | — | $83.1M | ||
| Q1 24 | — | $100.9M |
自由现金流DOCUFN
| Q4 25 | $262.9M | $-5.3M | ||
| Q3 25 | $217.6M | $57.3M | ||
| Q2 25 | $227.8M | $4.7M | ||
| Q1 25 | — | $45.7M | ||
| Q4 24 | — | $94.0M | ||
| Q3 24 | — | $62.9M | ||
| Q2 24 | — | $70.4M | ||
| Q1 24 | — | $87.3M |
自由现金流率DOCUFN
| Q4 25 | 32.1% | -0.5% | ||
| Q3 25 | 27.2% | 5.9% | ||
| Q2 25 | 29.8% | 0.5% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 9.3% | ||
| Q1 24 | — | 11.9% |
资本支出强度DOCUFN
| Q4 25 | 3.3% | 4.6% | ||
| Q3 25 | 3.6% | 4.6% | ||
| Q2 25 | 3.1% | 5.5% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 1.9% |
现金转化率DOCUFN
| Q4 25 | 3.47× | 0.41× | ||
| Q3 25 | 3.91× | 1.07× | ||
| Q2 25 | 3.49× | 0.63× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | — | 1.34× | ||
| Q3 24 | — | 1.07× | ||
| Q2 24 | — | 1.02× | ||
| Q1 24 | — | 1.25× |
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% |
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
