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DOCUSIGN, INC.（DOCU）与IES Holdings, Inc.（IESC）财务数据对比。点击上方公司名可切换其他公司
IES Holdings, Inc.的季度营收约是DOCUSIGN, INC.的1.1倍（$871.0M vs $818.4M），IES Holdings, Inc.净利率更高（10.5% vs 10.2%，领先0.3%），IES Holdings, Inc.同比增速更快（16.2% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-18.9M）
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。
IES Holdings, Inc.前身为Integrated Electrical Services, Inc.，主营业务为集成电气及技术系统的设计与安装，同时面向数据中心、住宅、商业和工业设施等多元终端市场提供基础设施类产品及相关服务。
DOCU vs IESC — 直观对比
营收规模更大
IESC
是对方的1.1倍
$818.4M
营收增速更快
IESC
高出7.8%
8.4%
净利率更高
IESC
高出0.3%
10.2%
自由现金流更多
DOCU
多$281.8M
$-18.9M
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $871.0M |
| 净利润 | $83.7M | $91.8M |
| 毛利率 | 79.2% | 25.3% |
| 营业利润率 | 10.4% | 11.2% |
| 净利率 | 10.2% | 10.5% |
| 营收同比 | 8.4% | 16.2% |
| 净利润同比 | 34.1% | 59.1% |
| 每股收益（稀释后） | $0.40 | $4.51 |
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DOCUIESC
| Q4 25 | $818.4M | $871.0M | ||
| Q3 25 | $800.6M | $897.8M | ||
| Q2 25 | $763.7M | $890.2M | ||
| Q1 25 | — | $834.0M | ||
| Q4 24 | — | $749.5M | ||
| Q3 24 | — | $775.8M | ||
| Q2 24 | — | $768.4M | ||
| Q1 24 | — | $705.7M |
净利润DOCUIESC
| Q4 25 | $83.7M | $91.8M | ||
| Q3 25 | $63.0M | $102.3M | ||
| Q2 25 | $72.1M | $79.3M | ||
| Q1 25 | — | $72.6M | ||
| Q4 24 | — | $57.7M | ||
| Q3 24 | — | $65.5M | ||
| Q2 24 | — | $66.6M | ||
| Q1 24 | — | $56.8M |
毛利率DOCUIESC
| Q4 25 | 79.2% | 25.3% | ||
| Q3 25 | 79.3% | 26.0% | ||
| Q2 25 | 79.4% | 26.9% | ||
| Q1 25 | — | 25.0% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 24.0% | ||
| Q2 24 | — | 25.3% | ||
| Q1 24 | — | 24.3% |
营业利润率DOCUIESC
| Q4 25 | 10.4% | 11.2% | ||
| Q3 25 | 8.1% | 11.6% | ||
| Q2 25 | 7.9% | 12.6% | ||
| Q1 25 | — | 11.1% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 11.7% | ||
| Q1 24 | — | 11.0% |
净利率DOCUIESC
| Q4 25 | 10.2% | 10.5% | ||
| Q3 25 | 7.9% | 11.4% | ||
| Q2 25 | 9.4% | 8.9% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 8.7% | ||
| Q1 24 | — | 8.0% |
每股收益（稀释后）DOCUIESC
| Q4 25 | $0.40 | $4.51 | ||
| Q3 25 | $0.30 | $4.99 | ||
| Q2 25 | $0.34 | $3.81 | ||
| Q1 25 | — | $3.50 | ||
| Q4 24 | — | $2.72 | ||
| Q3 24 | — | $3.06 | ||
| Q2 24 | — | $2.67 | ||
| Q1 24 | — | $2.29 |
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 | $258.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $961.1M |
| 总资产 | $4.0B | $1.7B |
| 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DOCUIESC
| Q4 25 | $583.3M | $258.7M | ||
| Q3 25 | $600.0M | $231.8M | ||
| Q2 25 | $657.4M | $168.3M | ||
| Q1 25 | — | $88.3M | ||
| Q4 24 | — | $112.0M | ||
| Q3 24 | — | $135.8M | ||
| Q2 24 | — | $44.9M | ||
| Q1 24 | — | $106.0M |
股东权益DOCUIESC
| Q4 25 | $2.0B | $961.1M | ||
| Q3 25 | $2.0B | $884.0M | ||
| Q2 25 | $2.0B | $781.4M | ||
| Q1 25 | — | $705.8M | ||
| Q4 24 | — | $652.4M | ||
| Q3 24 | — | $611.1M | ||
| Q2 24 | — | $567.5M | ||
| Q1 24 | — | $534.8M |
总资产DOCUIESC
| Q4 25 | $4.0B | $1.7B | ||
| Q3 25 | $3.9B | $1.6B | ||
| Q2 25 | $3.9B | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.1B |
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 | $27.7M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $-18.9M |
| 自由现金流率自由现金流/营收 | 32.1% | -2.2% |
| 资本支出强度资本支出/营收 | 3.3% | 5.3% |
| 现金转化率经营现金流/净利润 | 3.47× | 0.30× |
| 过去12个月自由现金流最近4个季度 | — | $175.9M |
8季度趋势，按日历期对齐
经营现金流DOCUIESC
| Q4 25 | $290.3M | $27.7M | ||
| Q3 25 | $246.1M | $132.0M | ||
| Q2 25 | $251.4M | $92.0M | ||
| Q1 25 | — | $24.8M | ||
| Q4 24 | — | $37.3M | ||
| Q3 24 | — | $92.8M | ||
| Q2 24 | — | $82.9M | ||
| Q1 24 | — | $33.7M |
自由现金流DOCUIESC
| Q4 25 | $262.9M | $-18.9M | ||
| Q3 25 | $217.6M | $112.0M | ||
| Q2 25 | $227.8M | $74.8M | ||
| Q1 25 | — | $7.9M | ||
| Q4 24 | — | $24.1M | ||
| Q3 24 | — | $78.5M | ||
| Q2 24 | — | $65.4M | ||
| Q1 24 | — | $26.9M |
自由现金流率DOCUIESC
| Q4 25 | 32.1% | -2.2% | ||
| Q3 25 | 27.2% | 12.5% | ||
| Q2 25 | 29.8% | 8.4% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 8.5% | ||
| Q1 24 | — | 3.8% |
资本支出强度DOCUIESC
| Q4 25 | 3.3% | 5.3% | ||
| Q3 25 | 3.6% | 2.2% | ||
| Q2 25 | 3.1% | 1.9% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 1.0% |
现金转化率DOCUIESC
| Q4 25 | 3.47× | 0.30× | ||
| Q3 25 | 3.91× | 1.29× | ||
| Q2 25 | 3.49× | 1.16× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | — | 1.24× | ||
| Q1 24 | — | 0.59× |
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% |
IESC
| Communications | $351.9M | 40% |
| Single Family Electrical Contracts | $137.0M | 16% |
| Custom Engineered Solutions | $116.0M | 13% |
| Commercialand Industrial | $94.8M | 11% |
| Single Family Contracts Plumbing HVAC | $82.9M | 10% |
| Multi Familyand Other | $64.2M | 7% |
| Industrial Services | $24.2M | 3% |
