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DOCUSIGN, INC.（DOCU）与因美纳（ILMN）财务数据对比。点击上方公司名可切换其他公司
因美纳的季度营收约是DOCUSIGN, INC.的1.3倍（$1.1B vs $818.4M），因美纳净利率更高（12.3% vs 10.2%，领先2.1%），DOCUSIGN, INC.同比增速更快（8.4% vs 4.8%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $251.0M）
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。
因美纳是总部位于美国加利福尼亚州圣迭戈的生物技术企业，成立于1998年4月，专注研发、生产及销售用于分析基因变异与生物功能的集成系统，产品及服务覆盖测序、基因分型、基因表达、蛋白质组学等领域，业务遍及全球超155个国家和地区。
DOCU vs ILMN — 直观对比
营收规模更大
ILMN
是对方的1.3倍
$818.4M
营收增速更快
DOCU
高出3.6%
4.8%
净利率更高
ILMN
高出2.1%
10.2%
自由现金流更多
DOCU
多$11.9M
$251.0M
损益表 — Q3 FY2026 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.1B |
| 净利润 | $83.7M | $134.0M |
| 毛利率 | 79.2% | 66.1% |
| 营业利润率 | 10.4% | 19.2% |
| 净利率 | 10.2% | 12.3% |
| 营收同比 | 8.4% | 4.8% |
| 净利润同比 | 34.1% | — |
| 每股收益（稀释后） | $0.40 | $0.87 |
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DOCUILMN
| Q1 26 | — | $1.1B | ||
| Q4 25 | $818.4M | $1.2B | ||
| Q3 25 | $800.6M | — | ||
| Q2 25 | $763.7M | — | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
净利润DOCUILMN
| Q1 26 | — | $134.0M | ||
| Q4 25 | $83.7M | $334.0M | ||
| Q3 25 | $63.0M | — | ||
| Q2 25 | $72.1M | — | ||
| Q4 24 | — | $186.0M | ||
| Q3 24 | — | $705.0M | ||
| Q2 24 | — | $-2.0B | ||
| Q1 24 | — | $-126.0M |
毛利率DOCUILMN
| Q1 26 | — | 66.1% | ||
| Q4 25 | 79.2% | 65.5% | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 79.4% | — | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | — | 69.0% | ||
| Q2 24 | — | 64.8% | ||
| Q1 24 | — | 62.0% |
营业利润率DOCUILMN
| Q1 26 | — | 19.2% | ||
| Q4 25 | 10.4% | 17.4% | ||
| Q3 25 | 8.1% | — | ||
| Q2 25 | 7.9% | — | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | — | 68.6% | ||
| Q2 24 | — | -147.2% | ||
| Q1 24 | — | -10.3% |
净利率DOCUILMN
| Q1 26 | — | 12.3% | ||
| Q4 25 | 10.2% | 28.8% | ||
| Q3 25 | 7.9% | — | ||
| Q2 25 | 9.4% | — | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | — | 65.3% | ||
| Q2 24 | — | -178.8% | ||
| Q1 24 | — | -11.7% |
每股收益（稀释后）DOCUILMN
| Q1 26 | — | $0.87 | ||
| Q4 25 | $0.40 | $2.16 | ||
| Q3 25 | $0.30 | — | ||
| Q2 25 | $0.34 | — | ||
| Q4 24 | — | $1.16 | ||
| Q3 24 | — | $4.42 | ||
| Q2 24 | — | $-12.48 | ||
| Q1 24 | — | $-0.79 |
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 | — | — |
| 股东权益账面价值 | $2.0B | $2.7B |
| 总资产 | $4.0B | $6.6B |
| 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DOCUILMN
| Q1 26 | — | $1.2B | ||
| Q4 25 | $583.3M | $1.6B | ||
| Q3 25 | $600.0M | — | ||
| Q2 25 | $657.4M | — | ||
| Q4 24 | — | $93.0M | ||
| Q3 24 | — | $70.0M | ||
| Q2 24 | — | $74.0M | ||
| Q1 24 | — | — |
股东权益DOCUILMN
| Q1 26 | — | $2.7B | ||
| Q4 25 | $2.0B | $2.7B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $5.7B |
总资产DOCUILMN
| Q1 26 | — | $6.6B | ||
| Q4 25 | $4.0B | $6.6B | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | — | ||
| Q4 24 | — | $6.3B | ||
| Q3 24 | — | $6.0B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $10.0B |
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 | $289.0M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $251.0M |
| 自由现金流率自由现金流/营收 | 32.1% | 23.0% |
| 资本支出强度资本支出/营收 | 3.3% | — |
| 现金转化率经营现金流/净利润 | 3.47× | 2.16× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流DOCUILMN
| Q1 26 | — | $289.0M | ||
| Q4 25 | $290.3M | $321.0M | ||
| Q3 25 | $246.1M | — | ||
| Q2 25 | $251.4M | — | ||
| Q4 24 | — | $364.0M | ||
| Q3 24 | — | $316.0M | ||
| Q2 24 | — | $80.0M | ||
| Q1 24 | — | $77.0M |
自由现金流DOCUILMN
| Q1 26 | — | $251.0M | ||
| Q4 25 | $262.9M | $267.0M | ||
| Q3 25 | $217.6M | — | ||
| Q2 25 | $227.8M | — | ||
| Q4 24 | — | $335.0M | ||
| Q3 24 | — | $284.0M | ||
| Q2 24 | — | $49.0M | ||
| Q1 24 | — | $41.0M |
自由现金流率DOCUILMN
| Q1 26 | — | 23.0% | ||
| Q4 25 | 32.1% | 23.0% | ||
| Q3 25 | 27.2% | — | ||
| Q2 25 | 29.8% | — | ||
| Q4 24 | — | 30.3% | ||
| Q3 24 | — | 26.3% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 3.8% |
资本支出强度DOCUILMN
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 3.1% | — | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 3.3% |
现金转化率DOCUILMN
| Q1 26 | — | 2.16× | ||
| Q4 25 | 3.47× | 0.96× | ||
| Q3 25 | 3.91× | — | ||
| Q2 25 | 3.49× | — | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | — | 0.45× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
ILMN
| Product revenue | $917.0M | 84% |
| Service and other revenue | $174.0M | 16% |
