vs
DOCUSIGN, INC.（DOCU）与HERC HOLDINGS INC（HRI）财务数据对比。点击上方公司名可切换其他公司
HERC HOLDINGS INC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 -2.1%，领先12.3%），HERC HOLDINGS INC同比增速更快（32.3% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $94.0M）
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。
Herc Holdings Inc.是北美领先的设备租赁服务供应商，主营工程重型机械、电动工具、临时供电及温控系统租赁业务，服务覆盖建筑、工业、商业活动、基建及政府等领域，业务遍布美国与加拿大。
DOCU vs HRI — 直观对比
营收规模更大
HRI
是对方的1.4倍
$818.4M
营收增速更快
HRI
高出23.9%
8.4%
净利率更高
DOCU
高出12.3%
-2.1%
自由现金流更多
DOCU
多$168.9M
$94.0M
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.1B |
| 净利润 | $83.7M | $-24.0M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | — |
| 净利率 | 10.2% | -2.1% |
| 营收同比 | 8.4% | 32.3% |
| 净利润同比 | 34.1% | -33.3% |
| 每股收益（稀释后） | $0.40 | $-0.72 |
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DOCUHRI
| Q1 26 | — | $1.1B | ||
| Q4 25 | $818.4M | $30.1M | ||
| Q3 25 | $800.6M | $10.1M | ||
| Q2 25 | $763.7M | $6.3M | ||
| Q1 25 | — | $4.2M | ||
| Q4 24 | — | $4.1M | ||
| Q4 23 | — | $5.0M | ||
| Q2 23 | — | $5.5M |
净利润DOCUHRI
| Q1 26 | — | $-24.0M | ||
| Q4 25 | $83.7M | $-99.9M | ||
| Q3 25 | $63.0M | $-7.5M | ||
| Q2 25 | $72.1M | $-10.8M | ||
| Q1 25 | — | $-14.1M | ||
| Q4 24 | — | $-10.3M | ||
| Q4 23 | — | $-14.1M | ||
| Q2 23 | — | $-9.0M |
毛利率DOCUHRI
| Q1 26 | — | — | ||
| Q4 25 | 79.2% | 42.3% | ||
| Q3 25 | 79.3% | 25.8% | ||
| Q2 25 | 79.4% | 53.1% | ||
| Q1 25 | — | 35.0% | ||
| Q4 24 | — | 21.4% | ||
| Q4 23 | — | 34.8% | ||
| Q2 23 | — | 56.2% |
营业利润率DOCUHRI
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | -77.4% | ||
| Q3 25 | 8.1% | -153.5% | ||
| Q2 25 | 7.9% | -147.4% | ||
| Q1 25 | — | -242.7% | ||
| Q4 24 | — | -206.3% | ||
| Q4 23 | — | -254.9% | ||
| Q2 23 | — | -155.4% |
净利率DOCUHRI
| Q1 26 | — | -2.1% | ||
| Q4 25 | 10.2% | -331.7% | ||
| Q3 25 | 7.9% | -74.1% | ||
| Q2 25 | 9.4% | -171.4% | ||
| Q1 25 | — | -332.8% | ||
| Q4 24 | — | -250.3% | ||
| Q4 23 | — | -285.0% | ||
| Q2 23 | — | -163.8% |
每股收益（稀释后）DOCUHRI
| Q1 26 | — | $-0.72 | ||
| Q4 25 | $0.40 | $-0.36 | ||
| Q3 25 | $0.30 | $-0.03 | ||
| Q2 25 | $0.34 | $-0.08 | ||
| Q1 25 | — | $-0.15 | ||
| Q4 24 | — | $-0.15 | ||
| Q4 23 | — | $-0.25 | ||
| Q2 23 | — | $-0.18 |
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 | $43.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $1.9B |
| 总资产 | $4.0B | $13.6B |
| 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DOCUHRI
| Q1 26 | — | $43.0M | ||
| Q4 25 | $583.3M | $550.7M | ||
| Q3 25 | $600.0M | $432.8M | ||
| Q2 25 | $657.4M | $67.6M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $30.0M | ||
| Q4 23 | — | — | ||
| Q2 23 | — | $3.1M |
总债务DOCUHRI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $300.0K | ||
| Q4 23 | — | — | ||
| Q2 23 | — | — |
股东权益DOCUHRI
| Q1 26 | — | $1.9B | ||
| Q4 25 | $2.0B | $437.8M | ||
| Q3 25 | $2.0B | $486.1M | ||
| Q2 25 | $2.0B | $90.8M | ||
| Q1 25 | — | $26.1M | ||
| Q4 24 | — | $16.6M | ||
| Q4 23 | — | $33.1M | ||
| Q2 23 | — | $49.5M |
总资产DOCUHRI
| Q1 26 | — | $13.6B | ||
| Q4 25 | $4.0B | $1.1B | ||
| Q3 25 | $3.9B | $550.2M | ||
| Q2 25 | $3.9B | $152.0M | ||
| Q1 25 | — | $104.6M | ||
| Q4 24 | — | $109.6M | ||
| Q4 23 | — | $92.2M | ||
| Q2 23 | — | $84.6M |
负债/权益比DOCUHRI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.02× | ||
| Q4 23 | — | — | ||
| Q2 23 | — | — |
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 | $277.0M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $94.0M |
| 自由现金流率自由现金流/营收 | 32.1% | 8.3% |
| 资本支出强度资本支出/营收 | 3.3% | 13.6% |
| 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 | — | $60.1M |
8季度趋势，按日历期对齐
经营现金流DOCUHRI
| Q1 26 | — | $277.0M | ||
| Q4 25 | $290.3M | $-12.7M | ||
| Q3 25 | $246.1M | $-11.0M | ||
| Q2 25 | $251.4M | $-8.4M | ||
| Q1 25 | — | $-6.7M | ||
| Q4 24 | — | $-8.1M | ||
| Q4 23 | — | $-5.9M | ||
| Q2 23 | — | $-9.0M |
自由现金流DOCUHRI
| Q1 26 | — | $94.0M | ||
| Q4 25 | $262.9M | $-14.3M | ||
| Q3 25 | $217.6M | $-11.1M | ||
| Q2 25 | $227.8M | $-8.5M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | — | $-8.1M | ||
| Q4 23 | — | $-6.0M | ||
| Q2 23 | — | $-9.1M |
自由现金流率DOCUHRI
| Q1 26 | — | 8.3% | ||
| Q4 25 | 32.1% | -47.6% | ||
| Q3 25 | 27.2% | -110.2% | ||
| Q2 25 | 29.8% | -135.5% | ||
| Q1 25 | — | -160.8% | ||
| Q4 24 | — | -197.1% | ||
| Q4 23 | — | -121.5% | ||
| Q2 23 | — | -166.4% |
资本支出强度DOCUHRI
| Q1 26 | — | 13.6% | ||
| Q4 25 | 3.3% | 5.3% | ||
| Q3 25 | 3.6% | 1.7% | ||
| Q2 25 | 3.1% | 1.5% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 0.7% | ||
| Q4 23 | — | 2.3% | ||
| Q2 23 | — | 1.3% |
现金转化率DOCUHRI
| Q1 26 | — | — | ||
| Q4 25 | 3.47× | — | ||
| Q3 25 | 3.91× | — | ||
| Q2 25 | 3.49× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q4 23 | — | — | ||
| Q2 23 | — | — |
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% |
HRI
| Equipment rental | $981.0M | 86% |
| Sales of rental equipment | $138.0M | 12% |
| Sales of new equipment, parts and supplies | $13.0M | 1% |
| Service and other revenue | $7.0M | 1% |
