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DOCUSIGN, INC.（DOCU）与简柏特（G）财务数据对比。点击上方公司名可切换其他公司
简柏特的季度营收约是DOCUSIGN, INC.的1.6倍（$1.3B vs $818.4M），简柏特净利率更高（10.8% vs 10.2%，领先0.6%），DOCUSIGN, INC.同比增速更快（8.4% vs 5.6%），简柏特自由现金流更多（$269.0M 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。
简柏特是全球领先的信息技术服务、咨询及外包提供商，总部位于美国纽约，最初成立于印度古尔冈，法定注册地为百慕大。集团现有员工超12.5万名，服务覆盖全球30多个国家，于纽交所上市，2023年总营收达44.8亿美元。
DOCU vs G — 直观对比
营收规模更大
G
是对方的1.6倍
$818.4M
营收增速更快
DOCU
高出2.8%
5.6%
净利率更高
G
高出0.6%
10.2%
自由现金流更多
G
多$6.1M
$262.9M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.3B |
| 净利润 | $83.7M | $143.1M |
| 毛利率 | 79.2% | 36.6% |
| 营业利润率 | 10.4% | 14.8% |
| 净利率 | 10.2% | 10.8% |
| 营收同比 | 8.4% | 5.6% |
| 净利润同比 | 34.1% | 0.8% |
| 每股收益（稀释后） | $0.40 | $0.82 |
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DOCUG
| Q4 25 | $818.4M | $1.3B | ||
| Q3 25 | $800.6M | $1.3B | ||
| Q2 25 | $763.7M | $1.3B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.1B |
净利润DOCUG
| Q4 25 | $83.7M | $143.1M | ||
| Q3 25 | $63.0M | $145.8M | ||
| Q2 25 | $72.1M | $132.7M | ||
| Q1 25 | — | $130.9M | ||
| Q4 24 | — | $141.9M | ||
| Q3 24 | — | $132.8M | ||
| Q2 24 | — | $122.0M | ||
| Q1 24 | — | $116.9M |
毛利率DOCUG
| Q4 25 | 79.2% | 36.6% | ||
| Q3 25 | 79.3% | 36.4% | ||
| Q2 25 | 79.4% | 35.9% | ||
| Q1 25 | — | 35.3% | ||
| Q4 24 | — | 35.7% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 35.4% | ||
| Q1 24 | — | 35.0% |
营业利润率DOCUG
| Q4 25 | 10.4% | 14.8% | ||
| Q3 25 | 8.1% | 14.8% | ||
| Q2 25 | 7.9% | 14.3% | ||
| Q1 25 | — | 15.1% | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | — | 14.5% | ||
| Q1 24 | — | 14.1% |
净利率DOCUG
| Q4 25 | 10.2% | 10.8% | ||
| Q3 25 | 7.9% | 11.3% | ||
| Q2 25 | 9.4% | 10.6% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | — | 11.0% | ||
| Q2 24 | — | 10.4% | ||
| Q1 24 | — | 10.3% |
每股收益（稀释后）DOCUG
| Q4 25 | $0.40 | $0.82 | ||
| Q3 25 | $0.30 | $0.83 | ||
| Q2 25 | $0.34 | $0.75 | ||
| Q1 25 | — | $0.73 | ||
| Q4 24 | — | $0.80 | ||
| Q3 24 | — | $0.74 | ||
| Q2 24 | — | $0.67 | ||
| Q1 24 | — | $0.64 |
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 | $1.2B |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $2.0B | $2.5B |
| 总资产 | $4.0B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资DOCUG
| Q4 25 | $583.3M | $1.2B | ||
| Q3 25 | $600.0M | $740.8M | ||
| Q2 25 | $657.4M | $663.3M | ||
| Q1 25 | — | $561.6M | ||
| Q4 24 | — | $671.6M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $914.2M | ||
| Q1 24 | — | $478.4M |
总债务DOCUG
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.2B |
股东权益DOCUG
| Q4 25 | $2.0B | $2.5B | ||
| Q3 25 | $2.0B | $2.5B | ||
| Q2 25 | $2.0B | $2.6B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.3B |
总资产DOCUG
| Q4 25 | $4.0B | $5.8B | ||
| Q3 25 | $3.9B | $5.4B | ||
| Q2 25 | $3.9B | $5.3B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | — | $5.0B | ||
| Q3 24 | — | $5.3B | ||
| Q2 24 | — | $5.2B | ||
| Q1 24 | — | $4.7B |
负债/权益比DOCUG
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.54× |
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 | $286.7M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $269.0M |
| 自由现金流率自由现金流/营收 | 32.1% | 20.4% |
| 资本支出强度资本支出/营收 | 3.3% | 1.3% |
| 现金转化率经营现金流/净利润 | 3.47× | 2.00× |
| 过去12个月自由现金流最近4个季度 | — | $734.7M |
8季度趋势，按日历期对齐
经营现金流DOCUG
| Q4 25 | $290.3M | $286.7M | ||
| Q3 25 | $246.1M | $308.4M | ||
| Q2 25 | $251.4M | $177.4M | ||
| Q1 25 | — | $40.4M | ||
| Q4 24 | — | $203.2M | ||
| Q3 24 | — | $228.5M | ||
| Q2 24 | — | $209.3M | ||
| Q1 24 | — | $-25.6M |
自由现金流DOCUG
| Q4 25 | $262.9M | $269.0M | ||
| Q3 25 | $217.6M | $292.0M | ||
| Q2 25 | $227.8M | $155.1M | ||
| Q1 25 | — | $18.5M | ||
| Q4 24 | — | $183.5M | ||
| Q3 24 | — | $208.7M | ||
| Q2 24 | — | $190.0M | ||
| Q1 24 | — | $-49.6M |
自由现金流率DOCUG
| Q4 25 | 32.1% | 20.4% | ||
| Q3 25 | 27.2% | 22.6% | ||
| Q2 25 | 29.8% | 12.4% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 17.2% | ||
| Q2 24 | — | 16.2% | ||
| Q1 24 | — | -4.4% |
资本支出强度DOCUG
| Q4 25 | 3.3% | 1.3% | ||
| Q3 25 | 3.6% | 1.3% | ||
| Q2 25 | 3.1% | 1.8% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 2.1% |
现金转化率DOCUG
| Q4 25 | 3.47× | 2.00× | ||
| Q3 25 | 3.91× | 2.11× | ||
| Q2 25 | 3.49× | 1.34× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.72× | ||
| Q2 24 | — | 1.72× | ||
| Q1 24 | — | -0.22× |
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% |
G
| High Tech And Manufacturing | $525.3M | 40% |
| Consumer And Healthcare | $445.8M | 34% |
| Financial Services | $348.2M | 26% |
