vs
DOCUSIGN, INC.（DOCU）与朗美通（LITE）财务数据对比。点击上方公司名可切换其他公司
DOCUSIGN, INC.的季度营收约是朗美通的1.2倍（$818.4M vs $665.5M），朗美通净利率更高（11.8% vs 10.2%，领先1.5%），朗美通同比增速更快（65.5% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $43.1M）
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。
朗美通控股（Lumentum Holdings Inc.）是全球知名光电产品供应商，前身为美国捷迪讯（JDSU）旗下光电器件及激光业务板块，2015年8月随捷迪讯分拆独立运营，总部位于美国加利福尼亚州米尔皮塔斯，主营光通信网络设备、激光器、定制光学解决方案等多元产品。
DOCU vs LITE — 直观对比
营收规模更大
DOCU
是对方的1.2倍
$665.5M
营收增速更快
LITE
高出57.0%
8.4%
净利率更高
LITE
高出1.5%
10.2%
自由现金流更多
DOCU
多$219.8M
$43.1M
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $665.5M |
| 净利润 | $83.7M | $78.2M |
| 毛利率 | 79.2% | 36.1% |
| 营业利润率 | 10.4% | 9.7% |
| 净利率 | 10.2% | 11.8% |
| 营收同比 | 8.4% | 65.5% |
| 净利润同比 | 34.1% | 228.4% |
| 每股收益（稀释后） | $0.40 | $0.89 |
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DOCULITE
| Q4 25 | $818.4M | $665.5M | ||
| Q3 25 | $800.6M | $533.8M | ||
| Q2 25 | $763.7M | $480.7M | ||
| Q1 25 | — | $425.2M | ||
| Q4 24 | — | $402.2M | ||
| Q3 24 | — | $336.9M | ||
| Q2 24 | — | $308.3M | ||
| Q1 24 | — | $366.5M |
净利润DOCULITE
| Q4 25 | $83.7M | $78.2M | ||
| Q3 25 | $63.0M | $4.2M | ||
| Q2 25 | $72.1M | $213.3M | ||
| Q1 25 | — | $-44.1M | ||
| Q4 24 | — | $-60.9M | ||
| Q3 24 | — | $-82.4M | ||
| Q2 24 | — | $-252.5M | ||
| Q1 24 | — | $-127.0M |
毛利率DOCULITE
| Q4 25 | 79.2% | 36.1% | ||
| Q3 25 | 79.3% | 34.0% | ||
| Q2 25 | 79.4% | 33.3% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | 24.8% | ||
| Q3 24 | — | 23.1% | ||
| Q2 24 | — | 16.6% | ||
| Q1 24 | — | 16.2% |
营业利润率DOCULITE
| Q4 25 | 10.4% | 9.7% | ||
| Q3 25 | 8.1% | 1.3% | ||
| Q2 25 | 7.9% | -1.7% | ||
| Q1 25 | — | -8.9% | ||
| Q4 24 | — | -12.8% | ||
| Q3 24 | — | -24.5% | ||
| Q2 24 | — | -43.3% | ||
| Q1 24 | — | -31.3% |
净利率DOCULITE
| Q4 25 | 10.2% | 11.8% | ||
| Q3 25 | 7.9% | 0.8% | ||
| Q2 25 | 9.4% | 44.4% | ||
| Q1 25 | — | -10.4% | ||
| Q4 24 | — | -15.1% | ||
| Q3 24 | — | -24.5% | ||
| Q2 24 | — | -81.9% | ||
| Q1 24 | — | -34.7% |
每股收益（稀释后）DOCULITE
| Q4 25 | $0.40 | $0.89 | ||
| Q3 25 | $0.30 | $0.05 | ||
| Q2 25 | $0.34 | $3.10 | ||
| Q1 25 | — | $-0.64 | ||
| Q4 24 | — | $-0.88 | ||
| Q3 24 | — | $-1.21 | ||
| Q2 24 | — | $-3.75 | ||
| Q1 24 | — | $-1.88 |
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 | $846.6M |
| 总资产 | $4.0B | $4.8B |
| 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DOCULITE
| Q4 25 | $583.3M | $1.2B | ||
| Q3 25 | $600.0M | $1.1B | ||
| Q2 25 | $657.4M | $877.1M | ||
| Q1 25 | — | $866.7M | ||
| Q4 24 | — | $896.7M | ||
| Q3 24 | — | $916.1M | ||
| Q2 24 | — | $887.0M | ||
| Q1 24 | — | $870.9M |
股东权益DOCULITE
| Q4 25 | $2.0B | $846.6M | ||
| Q3 25 | $2.0B | $780.8M | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | — | $879.5M | ||
| Q4 24 | — | $872.3M | ||
| Q3 24 | — | $895.9M | ||
| Q2 24 | — | $957.3M | ||
| Q1 24 | — | $1.2B |
总资产DOCULITE
| Q4 25 | $4.0B | $4.8B | ||
| Q3 25 | $3.9B | $4.6B | ||
| Q2 25 | $3.9B | $4.2B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $4.2B |
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 | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $43.1M |
| 自由现金流率自由现金流/营收 | 32.1% | 6.5% |
| 资本支出强度资本支出/营收 | 3.3% | 12.6% |
| 现金转化率经营现金流/净利润 | 3.47× | 1.62× |
| 过去12个月自由现金流最近4个季度 | — | $-29.5M |
8季度趋势，按日历期对齐
经营现金流DOCULITE
| Q4 25 | $290.3M | $126.7M | ||
| Q3 25 | $246.1M | $57.9M | ||
| Q2 25 | $251.4M | $64.0M | ||
| Q1 25 | — | $-1.6M | ||
| Q4 24 | — | $24.3M | ||
| Q3 24 | — | $39.6M | ||
| Q2 24 | — | $35.5M | ||
| Q1 24 | — | $-7.0M |
自由现金流DOCULITE
| Q4 25 | $262.9M | $43.1M | ||
| Q3 25 | $217.6M | $-18.3M | ||
| Q2 25 | $227.8M | $10.1M | ||
| Q1 25 | — | $-64.4M | ||
| Q4 24 | — | $-15.9M | ||
| Q3 24 | — | $-34.5M | ||
| Q2 24 | — | $10.9M | ||
| Q1 24 | — | $-26.6M |
自由现金流率DOCULITE
| Q4 25 | 32.1% | 6.5% | ||
| Q3 25 | 27.2% | -3.4% | ||
| Q2 25 | 29.8% | 2.1% | ||
| Q1 25 | — | -15.1% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | -10.2% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | -7.3% |
资本支出强度DOCULITE
| Q4 25 | 3.3% | 12.6% | ||
| Q3 25 | 3.6% | 14.3% | ||
| Q2 25 | 3.1% | 11.2% | ||
| Q1 25 | — | 14.8% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | — | 22.0% | ||
| Q2 24 | — | 8.0% | ||
| Q1 24 | — | 5.3% |
现金转化率DOCULITE
| Q4 25 | 3.47× | 1.62× | ||
| Q3 25 | 3.91× | 13.79× | ||
| Q2 25 | 3.49× | 0.30× | ||
| 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% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
