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DOCUSIGN, INC.（DOCU）与Loews Corporation（L）财务数据对比。点击上方公司名可切换其他公司
Loews Corporation的季度营收约是DOCUSIGN, INC.的1.0倍（$827.0M vs $818.4M），Loews Corporation净利率更高（48.6% vs 10.2%，领先38.4%），DOCUSIGN, INC.同比增速更快（8.4% vs 4.8%），Loews Corporation自由现金流更多（$426.0M 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。
Loews Corporation是一家总部位于美国的多元化综合企业集团，旗下子公司业务覆盖财产保险、天然气管道运输、酒店运营、油气勘探生产等核心领域，主要服务北美市场的商业、消费者及工业客户。
DOCU vs L — 直观对比
营收规模更大
L
是对方的1.0倍
$818.4M
营收增速更快
DOCU
高出3.6%
4.8%
净利率更高
L
高出38.4%
10.2%
自由现金流更多
L
多$163.1M
$262.9M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $827.0M |
| 净利润 | $83.7M | $402.0M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | 65.4% |
| 净利率 | 10.2% | 48.6% |
| 营收同比 | 8.4% | 4.8% |
| 净利润同比 | 34.1% | 115.0% |
| 每股收益（稀释后） | $0.40 | $1.93 |
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DOCUL
| Q4 25 | $818.4M | $827.0M | ||
| Q3 25 | $800.6M | $732.0M | ||
| Q2 25 | $763.7M | $769.0M | ||
| Q1 25 | — | $846.0M | ||
| Q4 24 | — | $789.0M | ||
| Q3 24 | — | $683.0M | ||
| Q2 24 | — | $711.0M | ||
| Q1 24 | — | $710.0M |
净利润DOCUL
| Q4 25 | $83.7M | $402.0M | ||
| Q3 25 | $63.0M | $504.0M | ||
| Q2 25 | $72.1M | $391.0M | ||
| Q1 25 | — | $370.0M | ||
| Q4 24 | — | $187.0M | ||
| Q3 24 | — | $401.0M | ||
| Q2 24 | — | $369.0M | ||
| Q1 24 | — | $457.0M |
毛利率DOCUL
| 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DOCUL
| Q4 25 | 10.4% | 65.4% | ||
| Q3 25 | 8.1% | 94.1% | ||
| Q2 25 | 7.9% | 70.1% | ||
| Q1 25 | — | 60.8% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 80.5% | ||
| Q2 24 | — | 71.3% | ||
| Q1 24 | — | 88.6% |
净利率DOCUL
| Q4 25 | 10.2% | 48.6% | ||
| Q3 25 | 7.9% | 68.9% | ||
| Q2 25 | 9.4% | 50.8% | ||
| Q1 25 | — | 43.7% | ||
| Q4 24 | — | 23.7% | ||
| Q3 24 | — | 58.7% | ||
| Q2 24 | — | 51.9% | ||
| Q1 24 | — | 64.4% |
每股收益（稀释后）DOCUL
| Q4 25 | $0.40 | $1.93 | ||
| Q3 25 | $0.30 | $2.43 | ||
| Q2 25 | $0.34 | $1.87 | ||
| Q1 25 | — | $1.74 | ||
| Q4 24 | — | $0.87 | ||
| Q3 24 | — | $1.82 | ||
| Q2 24 | — | $1.67 | ||
| Q1 24 | — | $2.05 |
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 | $6.0B |
| 总债务越低越好 | — | $8.4B |
| 股东权益账面价值 | $2.0B | $18.7B |
| 总资产 | $4.0B | $86.3B |
| 负债/权益比越低杠杆越低 | — | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资DOCUL
| Q4 25 | $583.3M | $6.0B | ||
| Q3 25 | $600.0M | $5.4B | ||
| Q2 25 | $657.4M | $4.5B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $5.4B |
总债务DOCUL
| Q4 25 | — | $8.4B | ||
| Q3 25 | — | $8.4B | ||
| Q2 25 | — | $7.9B | ||
| Q1 25 | — | $8.4B | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | $8.8B | ||
| Q2 24 | — | $8.6B | ||
| Q1 24 | — | $8.4B |
股东权益DOCUL
| Q4 25 | $2.0B | $18.7B | ||
| Q3 25 | $2.0B | $18.3B | ||
| Q2 25 | $2.0B | $17.5B | ||
| Q1 25 | — | $17.2B | ||
| Q4 24 | — | $17.1B | ||
| Q3 24 | — | $17.4B | ||
| Q2 24 | — | $16.4B | ||
| Q1 24 | — | $16.2B |
总资产DOCUL
| Q4 25 | $4.0B | $86.3B | ||
| Q3 25 | $3.9B | $85.9B | ||
| Q2 25 | $3.9B | $84.7B | ||
| Q1 25 | — | $83.1B | ||
| Q4 24 | — | $81.9B | ||
| Q3 24 | — | $83.6B | ||
| Q2 24 | — | $81.1B | ||
| Q1 24 | — | $80.9B |
负债/权益比DOCUL
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.52× | ||
| Q1 24 | — | 0.52× |
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 | $617.0M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $426.0M |
| 自由现金流率自由现金流/营收 | 32.1% | 51.5% |
| 资本支出强度资本支出/营收 | 3.3% | 23.1% |
| 现金转化率经营现金流/净利润 | 3.47× | 1.53× |
| 过去12个月自由现金流最近4个季度 | — | $2.7B |
8季度趋势，按日历期对齐
经营现金流DOCUL
| Q4 25 | $290.3M | $617.0M | ||
| Q3 25 | $246.1M | $920.0M | ||
| Q2 25 | $251.4M | $1.0B | ||
| Q1 25 | — | $736.0M | ||
| Q4 24 | — | $941.0M | ||
| Q3 24 | — | $934.0M | ||
| Q2 24 | — | $952.0M | ||
| Q1 24 | — | $198.0M |
自由现金流DOCUL
| Q4 25 | $262.9M | $426.0M | ||
| Q3 25 | $217.6M | $764.0M | ||
| Q2 25 | $227.8M | $872.0M | ||
| Q1 25 | — | $638.0M | ||
| Q4 24 | — | $767.0M | ||
| Q3 24 | — | $794.0M | ||
| Q2 24 | — | $793.0M | ||
| Q1 24 | — | $39.0M |
自由现金流率DOCUL
| Q4 25 | 32.1% | 51.5% | ||
| Q3 25 | 27.2% | 104.4% | ||
| Q2 25 | 29.8% | 113.4% | ||
| Q1 25 | — | 75.4% | ||
| Q4 24 | — | 97.2% | ||
| Q3 24 | — | 116.3% | ||
| Q2 24 | — | 111.5% | ||
| Q1 24 | — | 5.5% |
资本支出强度DOCUL
| Q4 25 | 3.3% | 23.1% | ||
| Q3 25 | 3.6% | 21.3% | ||
| Q2 25 | 3.1% | 17.4% | ||
| Q1 25 | — | 11.6% | ||
| Q4 24 | — | 22.1% | ||
| Q3 24 | — | 20.5% | ||
| Q2 24 | — | 22.4% | ||
| Q1 24 | — | 22.4% |
现金转化率DOCUL
| Q4 25 | 3.47× | 1.53× | ||
| Q3 25 | 3.91× | 1.83× | ||
| Q2 25 | 3.49× | 2.57× | ||
| Q1 25 | — | 1.99× | ||
| Q4 24 | — | 5.03× | ||
| Q3 24 | — | 2.33× | ||
| Q2 24 | — | 2.58× | ||
| Q1 24 | — | 0.43× |
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% |
L
| Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services | $601.0M | 73% |
| Lodging And Related Services | $226.0M | 27% |
