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DOCUSIGN, INC.（DOCU）与Freedom Holding Corp.（FRHC）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Freedom Holding Corp.的1.3倍（$818.4M vs $628.6M），Freedom Holding Corp.净利率更高（12.1% vs 10.2%，领先1.9%），DOCUSIGN, INC.同比增速更快（8.4% vs -4.1%），Freedom Holding Corp.自由现金流更多（$651.7M vs $262.9M）
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。
Freedom Holding Corp.是在美国内华达州注册的投资集团，业务覆盖零售证券经纪交易、资产管理、资本市场服务、投研咨询、投行承销、抵押贷款、保险、银行及其他消费金融服务，核心布局美股、欧洲及以哈萨克斯坦为核心的中亚市场。
DOCU vs FRHC — 直观对比
营收规模更大
DOCU
是对方的1.3倍
$628.6M
营收增速更快
DOCU
高出12.5%
-4.1%
净利率更高
FRHC
高出1.9%
10.2%
自由现金流更多
FRHC
多$388.8M
$262.9M
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $628.6M |
| 净利润 | $83.7M | $76.2M |
| 毛利率 | 79.2% | 96.0% |
| 营业利润率 | 10.4% | 14.9% |
| 净利率 | 10.2% | 12.1% |
| 营收同比 | 8.4% | -4.1% |
| 净利润同比 | 34.1% | -2.6% |
| 每股收益（稀释后） | $0.40 | $1.25 |
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DOCUFRHC
| Q4 25 | $818.4M | $628.6M | ||
| Q3 25 | $800.6M | $526.1M | ||
| Q2 25 | $763.7M | $533.4M | ||
| Q1 25 | — | $363.7M | ||
| Q4 24 | — | $655.2M | ||
| Q3 24 | — | $580.9M | ||
| Q2 24 | — | $450.7M | ||
| Q1 24 | — | $464.7M |
净利润DOCUFRHC
| Q4 25 | $83.7M | $76.2M | ||
| Q3 25 | $63.0M | $38.7M | ||
| Q2 25 | $72.1M | $30.4M | ||
| Q1 25 | — | $-142.7M | ||
| Q4 24 | — | $78.3M | ||
| Q3 24 | — | $114.7M | ||
| Q2 24 | — | $34.4M | ||
| Q1 24 | — | $95.2M |
毛利率DOCUFRHC
| Q4 25 | 79.2% | 96.0% | ||
| Q3 25 | 79.3% | 97.1% | ||
| Q2 25 | 79.4% | 97.4% | ||
| Q1 25 | — | 96.6% | ||
| Q4 24 | — | 98.6% | ||
| Q3 24 | — | 99.1% | ||
| Q2 24 | — | 99.0% | ||
| Q1 24 | — | — |
营业利润率DOCUFRHC
| Q4 25 | 10.4% | 14.9% | ||
| Q3 25 | 8.1% | 11.5% | ||
| Q2 25 | 7.9% | 7.6% | ||
| Q1 25 | — | -42.7% | ||
| Q4 24 | — | 15.0% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 9.2% | ||
| Q1 24 | — | 22.5% |
净利率DOCUFRHC
| Q4 25 | 10.2% | 12.1% | ||
| Q3 25 | 7.9% | 7.4% | ||
| Q2 25 | 9.4% | 5.7% | ||
| Q1 25 | — | -39.2% | ||
| Q4 24 | — | 11.9% | ||
| Q3 24 | — | 19.7% | ||
| Q2 24 | — | 7.6% | ||
| Q1 24 | — | 20.5% |
每股收益（稀释后）DOCUFRHC
| Q4 25 | $0.40 | $1.25 | ||
| Q3 25 | $0.30 | $0.63 | ||
| Q2 25 | $0.34 | $0.50 | ||
| Q1 25 | — | $-2.35 | ||
| Q4 24 | — | $1.29 | ||
| Q3 24 | — | $1.89 | ||
| Q2 24 | — | $0.57 | ||
| Q1 24 | — | $1.60 |
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 | $869.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $1.4B |
| 总资产 | $4.0B | $12.4B |
| 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DOCUFRHC
| Q4 25 | $583.3M | $869.2M | ||
| Q3 25 | $600.0M | $636.0M | ||
| Q2 25 | $657.4M | $567.9M | ||
| Q1 25 | — | $837.3M | ||
| Q4 24 | — | $577.9M | ||
| Q3 24 | — | $569.2M | ||
| Q2 24 | — | $718.7M | ||
| Q1 24 | — | $545.1M |
股东权益DOCUFRHC
| Q4 25 | $2.0B | $1.4B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.2B |
总资产DOCUFRHC
| Q4 25 | $4.0B | $12.4B | ||
| Q3 25 | $3.9B | $10.3B | ||
| Q2 25 | $3.9B | $9.7B | ||
| Q1 25 | — | $9.9B | ||
| Q4 24 | — | $9.1B | ||
| Q3 24 | — | $8.8B | ||
| Q2 24 | — | $8.5B | ||
| Q1 24 | — | $8.3B |
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 | $717.8M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $651.7M |
| 自由现金流率自由现金流/营收 | 32.1% | 103.7% |
| 资本支出强度资本支出/营收 | 3.3% | 10.5% |
| 现金转化率经营现金流/净利润 | 3.47× | 9.42× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流DOCUFRHC
| Q4 25 | $290.3M | $717.8M | ||
| Q3 25 | $246.1M | $535.3M | ||
| Q2 25 | $251.4M | $480.8M | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $-72.8M | ||
| Q3 24 | — | $-438.0M | ||
| Q2 24 | — | $854.1M | ||
| Q1 24 | — | $309.0M |
自由现金流DOCUFRHC
| Q4 25 | $262.9M | $651.7M | ||
| Q3 25 | $217.6M | $456.4M | ||
| Q2 25 | $227.8M | $450.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-92.7M | ||
| Q3 24 | — | $-447.5M | ||
| Q2 24 | — | $829.9M | ||
| Q1 24 | — | — |
自由现金流率DOCUFRHC
| Q4 25 | 32.1% | 103.7% | ||
| Q3 25 | 27.2% | 86.7% | ||
| Q2 25 | 29.8% | 84.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -14.1% | ||
| Q3 24 | — | -77.0% | ||
| Q2 24 | — | 184.1% | ||
| Q1 24 | — | — |
资本支出强度DOCUFRHC
| Q4 25 | 3.3% | 10.5% | ||
| Q3 25 | 3.6% | 15.0% | ||
| Q2 25 | 3.1% | 5.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 5.4% | ||
| Q1 24 | — | — |
现金转化率DOCUFRHC
| Q4 25 | 3.47× | 9.42× | ||
| Q3 25 | 3.91× | 13.82× | ||
| Q2 25 | 3.49× | 15.82× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -0.93× | ||
| Q3 24 | — | -3.82× | ||
| Q2 24 | — | 24.83× | ||
| Q1 24 | — | 3.24× |
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% |
FRHC
暂无分部数据
