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DOCUSIGN, INC.（DOCU）与GEO GROUP INC（GEO）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GEO GROUP INC的1.2倍（$818.4M vs $708.4M），DOCUSIGN, INC.净利率更高（10.2% vs 4.5%，领先5.7%），GEO GROUP INC同比增速更快（16.6% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-153.6M）
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。
GEO集团是一家总部位于美国佛罗里达州博卡拉顿的上市企业，核心业务为投资及运营私营监狱、心理健康相关机构，业务覆盖美国、澳大利亚、南非、英国等市场，运营设施包含移民拘留中心、低安保级别拘留中心、心理健康及 residential 治疗机构，同时也承接政府所有设施的委托管理服务。
DOCU vs GEO — 直观对比
营收规模更大
DOCU
是对方的1.2倍
$708.4M
营收增速更快
GEO
高出8.1%
8.4%
净利率更高
DOCU
高出5.7%
4.5%
自由现金流更多
DOCU
多$416.5M
$-153.6M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $708.4M |
| 净利润 | $83.7M | $31.8M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | 11.8% |
| 净利率 | 10.2% | 4.5% |
| 营收同比 | 8.4% | 16.6% |
| 净利润同比 | 34.1% | 105.1% |
| 每股收益（稀释后） | $0.40 | $0.16 |
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DOCUGEO
| Q4 25 | $818.4M | $708.4M | ||
| Q3 25 | $800.6M | $682.3M | ||
| Q2 25 | $763.7M | $636.2M | ||
| Q1 25 | — | $604.6M | ||
| Q4 24 | — | $607.7M | ||
| Q3 24 | — | $603.1M | ||
| Q2 24 | — | $607.2M | ||
| Q1 24 | — | $605.7M |
净利润DOCUGEO
| Q4 25 | $83.7M | $31.8M | ||
| Q3 25 | $63.0M | $173.9M | ||
| Q2 25 | $72.1M | $29.1M | ||
| Q1 25 | — | $19.6M | ||
| Q4 24 | — | $15.5M | ||
| Q3 24 | — | $26.3M | ||
| Q2 24 | — | $-32.5M | ||
| Q1 24 | — | $22.7M |
毛利率DOCUGEO
| Q4 25 | 79.2% | — | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 79.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率DOCUGEO
| Q4 25 | 10.4% | 11.8% | ||
| Q3 25 | 8.1% | 6.0% | ||
| Q2 25 | 7.9% | 11.3% | ||
| Q1 25 | — | 10.1% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 13.7% | ||
| Q2 24 | — | 13.2% | ||
| Q1 24 | — | 13.1% |
净利率DOCUGEO
| Q4 25 | 10.2% | 4.5% | ||
| Q3 25 | 7.9% | 25.5% | ||
| Q2 25 | 9.4% | 4.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | — | 3.7% |
每股收益（稀释后）DOCUGEO
| Q4 25 | $0.40 | $0.16 | ||
| Q3 25 | $0.30 | $1.24 | ||
| Q2 25 | $0.34 | $0.21 | ||
| Q1 25 | — | $0.21 | ||
| Q4 24 | — | $0.14 | ||
| Q3 24 | — | $0.19 | ||
| Q2 24 | — | $-0.25 | ||
| Q1 24 | — | $0.14 |
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 | $69.0M |
| 总债务越低越好 | — | $1.7B |
| 股东权益账面价值 | $2.0B | $1.5B |
| 总资产 | $4.0B | $3.8B |
| 负债/权益比越低杠杆越低 | — | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资DOCUGEO
| Q4 25 | $583.3M | $69.0M | ||
| Q3 25 | $600.0M | $183.9M | ||
| Q2 25 | $657.4M | $67.9M | ||
| Q1 25 | — | $64.8M | ||
| Q4 24 | — | $76.9M | ||
| Q3 24 | — | $70.6M | ||
| Q2 24 | — | $46.3M | ||
| Q1 24 | — | $126.5M |
总债务DOCUGEO
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DOCUGEO
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $2.0B | $1.5B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
总资产DOCUGEO
| Q4 25 | $4.0B | $3.8B | ||
| Q3 25 | $3.9B | $3.8B | ||
| Q2 25 | $3.9B | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $3.7B |
负债/权益比DOCUGEO
| Q4 25 | — | 1.11× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-117.3M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $-153.6M |
| 自由现金流率自由现金流/营收 | 32.1% | -21.7% |
| 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× | -3.69× |
| 过去12个月自由现金流最近4个季度 | — | $-124.9M |
8季度趋势，按日历期对齐
经营现金流DOCUGEO
| Q4 25 | $290.3M | $-117.3M | ||
| Q3 25 | $246.1M | $79.6M | ||
| Q2 25 | $251.4M | $39.2M | ||
| Q1 25 | — | $71.2M | ||
| Q4 24 | — | $18.5M | ||
| Q3 24 | — | $109.3M | ||
| Q2 24 | — | $31.2M | ||
| Q1 24 | — | $83.3M |
自由现金流DOCUGEO
| Q4 25 | $262.9M | $-153.6M | ||
| Q3 25 | $217.6M | $-14.1M | ||
| Q2 25 | $227.8M | $2.4M | ||
| Q1 25 | — | $40.5M | ||
| Q4 24 | — | $-2.3M | ||
| Q3 24 | — | $90.5M | ||
| Q2 24 | — | $6.8M | ||
| Q1 24 | — | $68.5M |
自由现金流率DOCUGEO
| Q4 25 | 32.1% | -21.7% | ||
| Q3 25 | 27.2% | -2.1% | ||
| Q2 25 | 29.8% | 0.4% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | — | -0.4% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 11.3% |
资本支出强度DOCUGEO
| Q4 25 | 3.3% | 5.1% | ||
| Q3 25 | 3.6% | 13.7% | ||
| Q2 25 | 3.1% | 5.8% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 4.0% | ||
| Q1 24 | — | 2.4% |
现金转化率DOCUGEO
| Q4 25 | 3.47× | -3.69× | ||
| Q3 25 | 3.91× | 0.46× | ||
| Q2 25 | 3.49× | 1.35× | ||
| Q1 25 | — | 3.64× | ||
| Q4 24 | — | 1.19× | ||
| Q3 24 | — | 4.15× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 3.67× |
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% |
GEO
| Us Corrections And Detention | $498.0M | 70% |
| Electronic Monitoring And Supervision Services | $83.7M | 12% |
| Reentry Services | $72.2M | 10% |
| AU | $49.1M | 7% |
| ZA | $5.4M | 1% |
