vs
DOCUSIGN, INC.（DOCU）与LOUISIANA-PACIFIC CORP（LPX）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LOUISIANA-PACIFIC CORP的1.4倍（$818.4M vs $566.0M），DOCUSIGN, INC.净利率更高（10.2% vs -1.4%，领先11.6%），DOCUSIGN, INC.同比增速更快（8.4% vs -16.9%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-8.0M）
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。
路易斯安那-太平洋公司（简称LP）是美国知名建材制造商，成立于1973年，是美国定向结构刨花板（OSB）生产的开创者，总部现位于田纳西州纳什维尔。作为全球最大的OSB生产商，公司还生产工程木建材产品，通过建材分销商、经销商及家居零售中心向建筑商和业主供货。
DOCU vs LPX — 直观对比
营收规模更大
DOCU
是对方的1.4倍
$566.0M
营收增速更快
DOCU
高出25.3%
-16.9%
净利率更高
DOCU
高出11.6%
-1.4%
自由现金流更多
DOCU
多$270.9M
$-8.0M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $566.0M |
| 净利润 | $83.7M | $-8.0M |
| 毛利率 | 79.2% | 15.0% |
| 营业利润率 | 10.4% | -1.6% |
| 净利率 | 10.2% | -1.4% |
| 营收同比 | 8.4% | -16.9% |
| 净利润同比 | 34.1% | -112.9% |
| 每股收益（稀释后） | $0.40 | $-0.12 |
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DOCULPX
| Q4 25 | $818.4M | $566.0M | ||
| Q3 25 | $800.6M | $663.0M | ||
| Q2 25 | $763.7M | $755.0M | ||
| Q1 25 | — | $724.0M | ||
| Q4 24 | — | $681.0M | ||
| Q3 24 | — | $722.0M | ||
| Q2 24 | — | $814.0M | ||
| Q1 24 | — | $724.0M |
净利润DOCULPX
| Q4 25 | $83.7M | $-8.0M | ||
| Q3 25 | $63.0M | $9.0M | ||
| Q2 25 | $72.1M | $54.0M | ||
| Q1 25 | — | $91.0M | ||
| Q4 24 | — | $62.0M | ||
| Q3 24 | — | $90.0M | ||
| Q2 24 | — | $160.0M | ||
| Q1 24 | — | $108.0M |
毛利率DOCULPX
| Q4 25 | 79.2% | 15.0% | ||
| Q3 25 | 79.3% | 19.5% | ||
| Q2 25 | 79.4% | 23.6% | ||
| Q1 25 | — | 27.2% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 32.3% | ||
| Q1 24 | — | 29.6% |
营业利润率DOCULPX
| Q4 25 | 10.4% | -1.6% | ||
| Q3 25 | 8.1% | 2.7% | ||
| Q2 25 | 7.9% | 10.6% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | — | 16.1% | ||
| Q2 24 | — | 23.8% | ||
| Q1 24 | — | 20.0% |
净利率DOCULPX
| Q4 25 | 10.2% | -1.4% | ||
| Q3 25 | 7.9% | 1.4% | ||
| Q2 25 | 9.4% | 7.2% | ||
| Q1 25 | — | 12.6% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 12.5% | ||
| Q2 24 | — | 19.7% | ||
| Q1 24 | — | 14.9% |
每股收益（稀释后）DOCULPX
| Q4 25 | $0.40 | $-0.12 | ||
| Q3 25 | $0.30 | $0.13 | ||
| Q2 25 | $0.34 | $0.77 | ||
| Q1 25 | — | $1.30 | ||
| Q4 24 | — | $0.90 | ||
| Q3 24 | — | $1.28 | ||
| Q2 24 | — | $2.23 | ||
| Q1 24 | — | $1.48 |
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 | $292.0M |
| 总债务越低越好 | — | $348.0M |
| 股东权益账面价值 | $2.0B | $1.7B |
| 总资产 | $4.0B | $2.6B |
| 负债/权益比越低杠杆越低 | — | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资DOCULPX
| Q4 25 | $583.3M | $292.0M | ||
| Q3 25 | $600.0M | $316.0M | ||
| Q2 25 | $657.4M | $333.0M | ||
| Q1 25 | — | $256.0M | ||
| Q4 24 | — | $340.0M | ||
| Q3 24 | — | $346.0M | ||
| Q2 24 | — | $317.0M | ||
| Q1 24 | — | $244.0M |
总债务DOCULPX
| Q4 25 | — | $348.0M | ||
| Q3 25 | — | $348.0M | ||
| Q2 25 | — | $348.0M | ||
| Q1 25 | — | $348.0M | ||
| Q4 24 | — | $348.0M | ||
| Q3 24 | — | $347.0M | ||
| Q2 24 | — | $347.0M | ||
| Q1 24 | — | $347.0M |
股东权益DOCULPX
| Q4 25 | $2.0B | $1.7B | ||
| Q3 25 | $2.0B | $1.7B | ||
| Q2 25 | $2.0B | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.6B |
总资产DOCULPX
| Q4 25 | $4.0B | $2.6B | ||
| Q3 25 | $3.9B | $2.6B | ||
| Q2 25 | $3.9B | $2.7B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.5B |
负债/权益比DOCULPX
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.20× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.21× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.21× | ||
| Q1 24 | — | 0.21× |
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 | $67.0M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $-8.0M |
| 自由现金流率自由现金流/营收 | 32.1% | -1.4% |
| 资本支出强度资本支出/营收 | 3.3% | 13.3% |
| 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 | — | $91.0M |
8季度趋势，按日历期对齐
经营现金流DOCULPX
| Q4 25 | $290.3M | $67.0M | ||
| Q3 25 | $246.1M | $89.0M | ||
| Q2 25 | $251.4M | $162.0M | ||
| Q1 25 | — | $64.0M | ||
| Q4 24 | — | $105.0M | ||
| Q3 24 | — | $183.0M | ||
| Q2 24 | — | $212.0M | ||
| Q1 24 | — | $105.0M |
自由现金流DOCULPX
| Q4 25 | $262.9M | $-8.0M | ||
| Q3 25 | $217.6M | $5.0M | ||
| Q2 25 | $227.8M | $94.0M | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $43.0M | ||
| Q3 24 | — | $139.0M | ||
| Q2 24 | — | $176.0M | ||
| Q1 24 | — | $64.0M |
自由现金流率DOCULPX
| Q4 25 | 32.1% | -1.4% | ||
| Q3 25 | 27.2% | 0.8% | ||
| Q2 25 | 29.8% | 12.5% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | — | 21.6% | ||
| Q1 24 | — | 8.8% |
资本支出强度DOCULPX
| Q4 25 | 3.3% | 13.3% | ||
| Q3 25 | 3.6% | 12.7% | ||
| Q2 25 | 3.1% | 9.0% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 5.7% |
现金转化率DOCULPX
| Q4 25 | 3.47× | — | ||
| Q3 25 | 3.91× | 9.89× | ||
| Q2 25 | 3.49× | 3.00× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | — | 1.69× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | — | 1.32× | ||
| Q1 24 | — | 0.97× |
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% |
LPX
| OS Bvalueadd | $472.0M | 83% |
| Other | $84.0M | 15% |
| Otherproducts | $10.0M | 2% |
