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DOCUSIGN, INC.（DOCU）与诺唯真游轮控股（LINE）财务数据对比。点击上方公司名可切换其他公司
诺唯真游轮控股的季度营收约是DOCUSIGN, INC.的1.7倍（$1.4B vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs -7.3%，领先17.5%），DOCUSIGN, INC.同比增速更快（8.4% vs 3.1%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $35.0M）
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。
诺唯真游轮控股是一家总部位于美国、注册地为百慕大的企业，旗下全资运营诺唯真游轮、大洋游轮、丽晶七海游轮三大品牌，合并业务规模位列全球游轮运营商第三位，目前在纽约证券交易所挂牌上市。
DOCU vs LINE — 直观对比
营收规模更大
LINE
是对方的1.7倍
$818.4M
营收增速更快
DOCU
高出5.3%
3.1%
净利率更高
DOCU
高出17.5%
-7.3%
自由现金流更多
DOCU
多$227.9M
$35.0M
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.4B |
| 净利润 | $83.7M | $-100.0M |
| 毛利率 | 79.2% | 32.3% |
| 营业利润率 | 10.4% | 2.5% |
| 净利率 | 10.2% | -7.3% |
| 营收同比 | 8.4% | 3.1% |
| 净利润同比 | 34.1% | 79.4% |
| 每股收益（稀释后） | $0.40 | $-0.44 |
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DOCULINE
| Q4 25 | $818.4M | — | ||
| Q3 25 | $800.6M | $1.4B | ||
| Q2 25 | $763.7M | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
净利润DOCULINE
| Q4 25 | $83.7M | — | ||
| Q3 25 | $63.0M | $-100.0M | ||
| Q2 25 | $72.1M | $-6.0M | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $-71.0M | ||
| Q3 24 | — | $-485.0M | ||
| Q2 24 | — | $-68.0M | ||
| Q1 24 | — | $-40.0M |
毛利率DOCULINE
| Q4 25 | 79.2% | — | ||
| Q3 25 | 79.3% | 32.3% | ||
| Q2 25 | 79.4% | 31.9% | ||
| Q1 25 | — | 32.2% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 32.8% | ||
| Q2 24 | — | 33.4% | ||
| Q1 24 | — | 33.4% |
营业利润率DOCULINE
| Q4 25 | 10.4% | — | ||
| Q3 25 | 8.1% | 2.5% | ||
| Q2 25 | 7.9% | 1.7% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | -1.6% | ||
| Q3 24 | — | -38.6% | ||
| Q2 24 | — | 5.5% | ||
| Q1 24 | — | 7.6% |
净利率DOCULINE
| Q4 25 | 10.2% | — | ||
| Q3 25 | 7.9% | -7.3% | ||
| Q2 25 | 9.4% | -0.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | — | -36.3% | ||
| Q2 24 | — | -5.1% | ||
| Q1 24 | — | -3.0% |
每股收益（稀释后）DOCULINE
| Q4 25 | $0.40 | — | ||
| Q3 25 | $0.30 | $-0.44 | ||
| Q2 25 | $0.34 | $-0.03 | ||
| Q1 25 | — | $0.01 | ||
| Q4 24 | — | $-0.52 | ||
| Q3 24 | — | $-2.44 | ||
| Q2 24 | — | $-0.46 | ||
| Q1 24 | — | $-0.28 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $8.4B |
| 总资产 | $4.0B | $19.2B |
| 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DOCULINE
| Q4 25 | $583.3M | — | ||
| Q3 25 | $600.0M | — | ||
| Q2 25 | $657.4M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $173.0M | ||
| Q3 24 | — | $409.0M | ||
| Q2 24 | — | $73.0M | ||
| Q1 24 | — | — |
股东权益DOCULINE
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | $8.4B | ||
| Q2 25 | $2.0B | $8.6B | ||
| Q1 25 | — | $8.6B | ||
| Q4 24 | — | $8.6B | ||
| Q3 24 | — | $9.0B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $5.6B |
总资产DOCULINE
| Q4 25 | $4.0B | — | ||
| Q3 25 | $3.9B | $19.2B | ||
| Q2 25 | $3.9B | $19.4B | ||
| Q1 25 | — | $18.8B | ||
| Q4 24 | — | $18.7B | ||
| Q3 24 | — | $19.3B | ||
| Q2 24 | — | $18.8B | ||
| Q1 24 | — | — |
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 | $230.0M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $35.0M |
| 自由现金流率自由现金流/营收 | 32.1% | 2.5% |
| 资本支出强度资本支出/营收 | 3.3% | 14.2% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流DOCULINE
| Q4 25 | $290.3M | — | ||
| Q3 25 | $246.1M | $230.0M | ||
| Q2 25 | $251.4M | $258.0M | ||
| Q1 25 | — | $139.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $186.0M | ||
| Q2 24 | — | $155.0M | ||
| Q1 24 | — | $105.0M |
自由现金流DOCULINE
| Q4 25 | $262.9M | — | ||
| Q3 25 | $217.6M | $35.0M | ||
| Q2 25 | $227.8M | $95.0M | ||
| Q1 25 | — | $-12.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $33.0M | ||
| Q2 24 | — | $-31.0M | ||
| Q1 24 | — | $-42.0M |
自由现金流率DOCULINE
| Q4 25 | 32.1% | — | ||
| Q3 25 | 27.2% | 2.5% | ||
| Q2 25 | 29.8% | 7.0% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | -2.3% | ||
| Q1 24 | — | -3.2% |
资本支出强度DOCULINE
| Q4 25 | 3.3% | — | ||
| Q3 25 | 3.6% | 14.2% | ||
| Q2 25 | 3.1% | 12.1% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | 13.9% | ||
| Q1 24 | — | 11.1% |
现金转化率DOCULINE
| 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% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
