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DOCUSIGN, INC.（DOCU）与Kinetik Holdings Inc.（KNTK）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Kinetik Holdings Inc.的1.9倍（$818.4M vs $430.4M），Kinetik Holdings Inc.净利率更高（96.8% vs 10.2%，领先86.6%），Kinetik Holdings Inc.同比增速更快（11.6% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-24.0M）
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。
Kinetik Holdings Inc.是一家聚焦二叠纪盆地的中游能源基础设施供应商，为美国南部核心油气产区的上游作业方提供天然气收集、处理、运输、存储，以及原油、采出水处置等一体化服务。
DOCU vs KNTK — 直观对比
营收规模更大
DOCU
是对方的1.9倍
$430.4M
营收增速更快
KNTK
高出3.2%
8.4%
净利率更高
KNTK
高出86.6%
10.2%
自由现金流更多
DOCU
多$286.9M
$-24.0M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $430.4M |
| 净利润 | $83.7M | $416.7M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | 11.2% |
| 净利率 | 10.2% | 96.8% |
| 营收同比 | 8.4% | 11.6% |
| 净利润同比 | 34.1% | 2468.4% |
| 每股收益（稀释后） | $0.40 | $2.22 |
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DOCUKNTK
| Q4 25 | $818.4M | $430.4M | ||
| Q3 25 | $800.6M | $464.0M | ||
| Q2 25 | $763.7M | $426.7M | ||
| Q1 25 | — | $443.3M | ||
| Q4 24 | — | $385.7M | ||
| Q3 24 | — | $396.4M | ||
| Q2 24 | — | $359.5M | ||
| Q1 24 | — | $341.4M |
净利润DOCUKNTK
| Q4 25 | $83.7M | $416.7M | ||
| Q3 25 | $63.0M | $5.3M | ||
| Q2 25 | $72.1M | $23.6M | ||
| Q1 25 | — | $19.3M | ||
| Q4 24 | — | $16.2M | ||
| Q3 24 | — | $25.8M | ||
| Q2 24 | — | $37.2M | ||
| Q1 24 | — | $233.6M |
毛利率DOCUKNTK
| 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DOCUKNTK
| Q4 25 | 10.4% | 11.2% | ||
| Q3 25 | 8.1% | 4.3% | ||
| Q2 25 | 7.9% | 18.2% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | — | 15.7% | ||
| Q1 24 | — | 7.6% |
净利率DOCUKNTK
| Q4 25 | 10.2% | 96.8% | ||
| Q3 25 | 7.9% | 1.1% | ||
| Q2 25 | 9.4% | 5.5% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | — | 6.5% | ||
| Q2 24 | — | 10.3% | ||
| Q1 24 | — | 68.4% |
每股收益（稀释后）DOCUKNTK
| Q4 25 | $0.40 | $2.22 | ||
| Q3 25 | $0.30 | $0.03 | ||
| Q2 25 | $0.34 | $0.33 | ||
| Q1 25 | — | $0.05 | ||
| Q4 24 | — | $0.01 | ||
| Q3 24 | — | $0.35 | ||
| Q2 24 | — | $0.54 | ||
| Q1 24 | — | $0.12 |
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 | $4.0M |
| 总债务越低越好 | — | $3.6B |
| 股东权益账面价值 | $2.0B | $-565.4M |
| 总资产 | $4.0B | $7.1B |
| 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DOCUKNTK
| Q4 25 | $583.3M | $4.0M | ||
| Q3 25 | $600.0M | $7.7M | ||
| Q2 25 | $657.4M | $10.7M | ||
| Q1 25 | — | $8.8M | ||
| Q4 24 | — | $3.6M | ||
| Q3 24 | — | $20.4M | ||
| Q2 24 | — | $12.5M | ||
| Q1 24 | — | $9.8M |
总债务DOCUKNTK
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.3B | ||
| Q1 24 | — | $3.5B |
股东权益DOCUKNTK
| Q4 25 | $2.0B | $-565.4M | ||
| Q3 25 | $2.0B | $-1.8B | ||
| Q2 25 | $2.0B | $-1.6B | ||
| Q1 25 | — | $-2.5B | ||
| Q4 24 | — | $-3.0B | ||
| Q3 24 | — | $-1.7B | ||
| Q2 24 | — | $-1.2B | ||
| Q1 24 | — | $-973.4M |
总资产DOCUKNTK
| Q4 25 | $4.0B | $7.1B | ||
| Q3 25 | $3.9B | $7.2B | ||
| Q2 25 | $3.9B | $7.2B | ||
| Q1 25 | — | $7.0B | ||
| Q4 24 | — | $6.8B | ||
| Q3 24 | — | $6.9B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $6.4B |
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 | $110.1M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $-24.0M |
| 自由现金流率自由现金流/营收 | 32.1% | -5.6% |
| 资本支出强度资本支出/营收 | 3.3% | 31.2% |
| 现金转化率经营现金流/净利润 | 3.47× | 0.26× |
| 过去12个月自由现金流最近4个季度 | — | $111.6M |
8季度趋势，按日历期对齐
经营现金流DOCUKNTK
| Q4 25 | $290.3M | $110.1M | ||
| Q3 25 | $246.1M | $188.1M | ||
| Q2 25 | $251.4M | $129.1M | ||
| Q1 25 | — | $176.8M | ||
| Q4 24 | — | $144.0M | ||
| Q3 24 | — | $214.1M | ||
| Q2 24 | — | $125.5M | ||
| Q1 24 | — | $153.7M |
自由现金流DOCUKNTK
| Q4 25 | $262.9M | $-24.0M | ||
| Q3 25 | $217.6M | $31.6M | ||
| Q2 25 | $227.8M | $1.8M | ||
| Q1 25 | — | $102.3M | ||
| Q4 24 | — | $36.3M | ||
| Q3 24 | — | $155.7M | ||
| Q2 24 | — | $86.1M | ||
| Q1 24 | — | $95.7M |
自由现金流率DOCUKNTK
| Q4 25 | 32.1% | -5.6% | ||
| Q3 25 | 27.2% | 6.8% | ||
| Q2 25 | 29.8% | 0.4% | ||
| Q1 25 | — | 23.1% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | — | 39.3% | ||
| Q2 24 | — | 24.0% | ||
| Q1 24 | — | 28.0% |
资本支出强度DOCUKNTK
| Q4 25 | 3.3% | 31.2% | ||
| Q3 25 | 3.6% | 33.7% | ||
| Q2 25 | 3.1% | 29.8% | ||
| Q1 25 | — | 16.8% | ||
| Q4 24 | — | 27.9% | ||
| Q3 24 | — | 14.7% | ||
| Q2 24 | — | 11.0% | ||
| Q1 24 | — | 17.0% |
现金转化率DOCUKNTK
| Q4 25 | 3.47× | 0.26× | ||
| Q3 25 | 3.91× | 35.73× | ||
| Q2 25 | 3.49× | 5.46× | ||
| Q1 25 | — | 9.18× | ||
| Q4 24 | — | 8.88× | ||
| Q3 24 | — | 8.31× | ||
| Q2 24 | — | 3.37× | ||
| Q1 24 | — | 0.66× |
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% |
KNTK
| Natural Gas NG Ls And Condensate Sales | $325.5M | 76% |
| Gathering And Processing Services | $101.6M | 24% |
| Other | $3.3M | 1% |
| Barilla Draw | $2.3M | 1% |
