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DOCUSIGN, INC.（DOCU）与Lucid Group, Inc.（LCID）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Lucid Group, Inc.的1.6倍（$818.4M vs $522.7M），DOCUSIGN, INC.净利率更高（10.2% vs -155.7%，领先166.0%），Lucid Group, Inc.同比增速更快（122.9% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-1.2B）
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。
Lucid Group, Inc.是总部位于美国加利福尼亚州纽瓦克的汽车科技企业，专注于电动汽车制造及先进电动汽车动力系统供应。2021年9月，公司在亚利桑那州卡萨格兰德的工厂开始生产Lucid Air豪华轿车，第二款车型Lucid Gravity SUV于2024年12月投产，同时也为阿斯顿·马丁等其他车企供应和研发动力总成技术。
DOCU vs LCID — 直观对比
营收规模更大
DOCU
是对方的1.6倍
$522.7M
营收增速更快
LCID
高出114.5%
8.4%
净利率更高
DOCU
高出166.0%
-155.7%
自由现金流更多
DOCU
多$1.5B
$-1.2B
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $522.7M |
| 净利润 | $83.7M | $-814.0M |
| 毛利率 | 79.2% | -80.7% |
| 营业利润率 | 10.4% | -203.7% |
| 净利率 | 10.2% | -155.7% |
| 营收同比 | 8.4% | 122.9% |
| 净利润同比 | 34.1% | -104.9% |
| 每股收益（稀释后） | $0.40 | $-8.26 |
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DOCULCID
| Q4 25 | $818.4M | $522.7M | ||
| Q3 25 | $800.6M | $336.6M | ||
| Q2 25 | $763.7M | $259.4M | ||
| Q1 25 | — | $235.0M | ||
| Q4 24 | — | $234.5M | ||
| Q3 24 | — | $200.0M | ||
| Q2 24 | — | $200.6M | ||
| Q1 24 | — | $172.7M |
净利润DOCULCID
| Q4 25 | $83.7M | $-814.0M | ||
| Q3 25 | $63.0M | $-978.4M | ||
| Q2 25 | $72.1M | $-539.4M | ||
| Q1 25 | — | $-366.2M | ||
| Q4 24 | — | $-397.2M | ||
| Q3 24 | — | $-992.5M | ||
| Q2 24 | — | $-643.4M | ||
| Q1 24 | — | $-680.9M |
毛利率DOCULCID
| Q4 25 | 79.2% | -80.7% | ||
| Q3 25 | 79.3% | -99.1% | ||
| Q2 25 | 79.4% | -105.0% | ||
| Q1 25 | — | -97.2% | ||
| Q4 24 | — | -89.0% | ||
| Q3 24 | — | -106.2% | ||
| Q2 24 | — | -134.5% | ||
| Q1 24 | — | -134.3% |
营业利润率DOCULCID
| Q4 25 | 10.4% | -203.7% | ||
| Q3 25 | 8.1% | -279.9% | ||
| Q2 25 | 7.9% | -309.5% | ||
| Q1 25 | — | -294.4% | ||
| Q4 24 | — | -312.6% | ||
| Q3 24 | — | -385.2% | ||
| Q2 24 | — | -392.6% | ||
| Q1 24 | — | -422.6% |
净利率DOCULCID
| Q4 25 | 10.2% | -155.7% | ||
| Q3 25 | 7.9% | -290.7% | ||
| Q2 25 | 9.4% | -207.9% | ||
| Q1 25 | — | -155.8% | ||
| Q4 24 | — | -169.4% | ||
| Q3 24 | — | -496.1% | ||
| Q2 24 | — | -320.8% | ||
| Q1 24 | — | -394.2% |
每股收益（稀释后）DOCULCID
| Q4 25 | $0.40 | $-8.26 | ||
| Q3 25 | $0.30 | $-3.31 | ||
| Q2 25 | $0.34 | $-0.28 | ||
| Q1 25 | — | $-0.24 | ||
| Q4 24 | — | $-0.20 | ||
| Q3 24 | — | $-0.41 | ||
| Q2 24 | — | $-0.34 | ||
| Q1 24 | — | $-0.30 |
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 | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $717.3M |
| 总资产 | $4.0B | $8.4B |
| 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DOCULCID
| Q4 25 | $583.3M | $1.6B | ||
| Q3 25 | $600.0M | $2.3B | ||
| Q2 25 | $657.4M | $2.8B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $3.5B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $4.0B |
股东权益DOCULCID
| Q4 25 | $2.0B | $717.3M | ||
| Q3 25 | $2.0B | $1.8B | ||
| Q2 25 | $2.0B | $2.4B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $4.2B |
总资产DOCULCID
| Q4 25 | $4.0B | $8.4B | ||
| Q3 25 | $3.9B | $8.8B | ||
| Q2 25 | $3.9B | $8.9B | ||
| Q1 25 | — | $9.2B | ||
| Q4 24 | — | $9.6B | ||
| Q3 24 | — | $8.5B | ||
| Q2 24 | — | $8.2B | ||
| Q1 24 | — | $8.9B |
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 | $-916.4M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $-1.2B |
| 自由现金流率自由现金流/营收 | 32.1% | -237.6% |
| 资本支出强度资本支出/营收 | 3.3% | 62.3% |
| 现金转化率经营现金流/净利润 | 3.47× | — |
| 过去12个月自由现金流最近4个季度 | — | $-3.8B |
8季度趋势，按日历期对齐
经营现金流DOCULCID
| Q4 25 | $290.3M | $-916.4M | ||
| Q3 25 | $246.1M | $-756.6M | ||
| Q2 25 | $251.4M | $-830.2M | ||
| Q1 25 | — | $-428.6M | ||
| Q4 24 | — | $-533.1M | ||
| Q3 24 | — | $-462.8M | ||
| Q2 24 | — | $-507.0M | ||
| Q1 24 | — | $-516.7M |
自由现金流DOCULCID
| Q4 25 | $262.9M | $-1.2B | ||
| Q3 25 | $217.6M | $-955.5M | ||
| Q2 25 | $227.8M | $-1.0B | ||
| Q1 25 | — | $-589.9M | ||
| Q4 24 | — | $-824.8M | ||
| Q3 24 | — | $-622.5M | ||
| Q2 24 | — | $-741.3M | ||
| Q1 24 | — | $-714.9M |
自由现金流率DOCULCID
| Q4 25 | 32.1% | -237.6% | ||
| Q3 25 | 27.2% | -283.9% | ||
| Q2 25 | 29.8% | -390.4% | ||
| Q1 25 | — | -251.0% | ||
| Q4 24 | — | -351.8% | ||
| Q3 24 | — | -311.2% | ||
| Q2 24 | — | -369.6% | ||
| Q1 24 | — | -413.9% |
资本支出强度DOCULCID
| Q4 25 | 3.3% | 62.3% | ||
| Q3 25 | 3.6% | 59.1% | ||
| Q2 25 | 3.1% | 70.4% | ||
| Q1 25 | — | 68.6% | ||
| Q4 24 | — | 124.4% | ||
| Q3 24 | — | 79.8% | ||
| Q2 24 | — | 116.8% | ||
| Q1 24 | — | 114.7% |
现金转化率DOCULCID
| Q4 25 | 3.47× | — | ||
| Q3 25 | 3.91× | — | ||
| Q2 25 | 3.49× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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% |
LCID
| LCNRV | $287.2M | 55% |
| Other | $80.4M | 15% |
| Related Party | $74.4M | 14% |
| Regulatory Credits | $34.2M | 7% |
| Warranty Provision | $26.2M | 5% |
| Sale And Leaseback Transactions | $15.2M | 3% |
| Other International | $5.0M | 1% |
