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DOCUSIGN, INC.（DOCU）与Host Hotels & Resorts（HST）财务数据对比。点击上方公司名可切换其他公司
Host Hotels & Resorts的季度营收约是DOCUSIGN, INC.的2.0倍（$1.6B vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs 8.4%，领先1.8%），Host Hotels & Resorts同比增速更快（12.3% vs 8.4%），Host Hotels & Resorts自由现金流更多（$445.0M 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。
Host Hotels & Resorts是总部位于美国马里兰州贝塞斯达的房地产投资信托企业，专注于高端酒店资产投资。截至2024年12月31日，公司在美国、巴西、加拿大共持有81家高端酒店，总客房数约4.34万间，是全球知名的酒店不动产投资机构。
DOCU vs HST — 直观对比
营收规模更大
HST
是对方的2.0倍
$818.4M
营收增速更快
HST
高出3.8%
8.4%
净利率更高
DOCU
高出1.8%
8.4%
自由现金流更多
HST
多$182.1M
$262.9M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.6B |
| 净利润 | $83.7M | $135.0M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | 12.0% |
| 净利率 | 10.2% | 8.4% |
| 营收同比 | 8.4% | 12.3% |
| 净利润同比 | 34.1% | 25.0% |
| 每股收益（稀释后） | $0.40 | $0.20 |
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DOCUHST
| Q4 25 | $818.4M | $1.6B | ||
| Q3 25 | $800.6M | $1.3B | ||
| Q2 25 | $763.7M | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.5B |
净利润DOCUHST
| Q4 25 | $83.7M | $135.0M | ||
| Q3 25 | $63.0M | $161.0M | ||
| Q2 25 | $72.1M | $221.0M | ||
| Q1 25 | — | $248.0M | ||
| Q4 24 | — | $108.0M | ||
| Q3 24 | — | $82.0M | ||
| Q2 24 | — | $239.0M | ||
| Q1 24 | — | $268.0M |
毛利率DOCUHST
| 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DOCUHST
| Q4 25 | 10.4% | 12.0% | ||
| Q3 25 | 8.1% | 7.6% | ||
| Q2 25 | 7.9% | 17.5% | ||
| Q1 25 | — | 17.9% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | — | 10.2% | ||
| Q2 24 | — | 19.9% | ||
| Q1 24 | — | 19.8% |
净利率DOCUHST
| Q4 25 | 10.2% | 8.4% | ||
| Q3 25 | 7.9% | 12.1% | ||
| Q2 25 | 9.4% | 13.9% | ||
| Q1 25 | — | 15.6% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 16.3% | ||
| Q1 24 | — | 18.2% |
每股收益（稀释后）DOCUHST
| Q4 25 | $0.40 | $0.20 | ||
| Q3 25 | $0.30 | $0.23 | ||
| Q2 25 | $0.34 | $0.32 | ||
| Q1 25 | — | $0.35 | ||
| Q4 24 | — | $0.15 | ||
| Q3 24 | — | $0.12 | ||
| Q2 24 | — | $0.34 | ||
| Q1 24 | — | $0.38 |
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 | $768.0M |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $2.0B | $6.6B |
| 总资产 | $4.0B | $13.0B |
| 负债/权益比越低杠杆越低 | — | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资DOCUHST
| Q4 25 | $583.3M | $768.0M | ||
| Q3 25 | $600.0M | $539.0M | ||
| Q2 25 | $657.4M | $490.0M | ||
| Q1 25 | — | $428.0M | ||
| Q4 24 | — | $554.0M | ||
| Q3 24 | — | $564.0M | ||
| Q2 24 | — | $805.0M | ||
| Q1 24 | — | $1.3B |
总债务DOCUHST
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $896.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DOCUHST
| Q4 25 | $2.0B | $6.6B | ||
| Q3 25 | $2.0B | $6.7B | ||
| Q2 25 | $2.0B | $6.6B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | — | $6.7B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.7B |
总资产DOCUHST
| Q4 25 | $4.0B | $13.0B | ||
| Q3 25 | $3.9B | $13.0B | ||
| Q2 25 | $3.9B | $13.0B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | — | $13.0B | ||
| Q3 24 | — | $13.1B | ||
| Q2 24 | — | $12.4B | ||
| Q1 24 | — | $12.5B |
负债/权益比DOCUHST
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.14× | ||
| 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 | $543.0M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $445.0M |
| 自由现金流率自由现金流/营收 | 32.1% | 27.8% |
| 资本支出强度资本支出/营收 | 3.3% | 6.1% |
| 现金转化率经营现金流/净利润 | 3.47× | 4.02× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流DOCUHST
| Q4 25 | $290.3M | $543.0M | ||
| Q3 25 | $246.1M | $218.0M | ||
| Q2 25 | $251.4M | $444.0M | ||
| Q1 25 | — | $305.0M | ||
| Q4 24 | — | $331.0M | ||
| Q3 24 | — | $349.0M | ||
| Q2 24 | — | $453.0M | ||
| Q1 24 | — | $365.0M |
自由现金流DOCUHST
| Q4 25 | $262.9M | $445.0M | ||
| Q3 25 | $217.6M | $143.0M | ||
| Q2 25 | $227.8M | $381.0M | ||
| Q1 25 | — | $259.0M | ||
| Q4 24 | — | $235.0M | ||
| Q3 24 | — | $262.0M | ||
| Q2 24 | — | $409.0M | ||
| Q1 24 | — | $332.0M |
自由现金流率DOCUHST
| Q4 25 | 32.1% | 27.8% | ||
| Q3 25 | 27.2% | 10.7% | ||
| Q2 25 | 29.8% | 24.0% | ||
| Q1 25 | — | 16.2% | ||
| Q4 24 | — | 16.5% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 27.9% | ||
| Q1 24 | — | 22.6% |
资本支出强度DOCUHST
| Q4 25 | 3.3% | 6.1% | ||
| Q3 25 | 3.6% | 5.6% | ||
| Q2 25 | 3.1% | 4.0% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 6.7% | ||
| Q3 24 | — | 6.6% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | 2.2% |
现金转化率DOCUHST
| Q4 25 | 3.47× | 4.02× | ||
| Q3 25 | 3.91× | 1.35× | ||
| Q2 25 | 3.49× | 2.01× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | — | 3.06× | ||
| Q3 24 | — | 4.26× | ||
| Q2 24 | — | 1.90× | ||
| Q1 24 | — | 1.36× |
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% |
HST
暂无分部数据
