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DOCUSIGN, INC.（DOCU）与LANDSTAR SYSTEM INC（LSTR）财务数据对比。点击上方公司名可切换其他公司
LANDSTAR SYSTEM INC的季度营收约是DOCUSIGN, INC.的1.4倍（$1.2B vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs 3.4%，领先6.9%），DOCUSIGN, INC.同比增速更快（8.4% vs 1.6%）
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。
Landstar System Inc.是美国专业运输服务企业，主营第三方物流业务，依托由超8800名独立自营车主、1000余名独立货运代理人、7万余家合规认证承运商组成的庞大网络，服务主要覆盖美国全境，同时提供加拿大境内及美加、美墨跨境物流服务。
DOCU vs LSTR — 直观对比
营收规模更大
LSTR
是对方的1.4倍
$818.4M
营收增速更快
DOCU
高出6.8%
1.6%
净利率更高
DOCU
高出6.9%
3.4%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.2B |
| 净利润 | $83.7M | $39.4M |
| 毛利率 | 79.2% | 9.6% |
| 营业利润率 | 10.4% | 4.5% |
| 净利率 | 10.2% | 3.4% |
| 营收同比 | 8.4% | 1.6% |
| 净利润同比 | 34.1% | 32.3% |
| 每股收益（稀释后） | $0.40 | $1.16 |
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DOCULSTR
| Q1 26 | — | $1.2B | ||
| Q4 25 | $818.4M | $1.2B | ||
| Q3 25 | $800.6M | $1.2B | ||
| Q2 25 | $763.7M | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B |
净利润DOCULSTR
| Q1 26 | — | $39.4M | ||
| Q4 25 | $83.7M | $23.9M | ||
| Q3 25 | $63.0M | $19.4M | ||
| Q2 25 | $72.1M | $41.9M | ||
| Q1 25 | — | $29.8M | ||
| Q4 24 | — | $46.2M | ||
| Q3 24 | — | $50.0M | ||
| Q2 24 | — | $52.6M |
毛利率DOCULSTR
| Q1 26 | — | 9.6% | ||
| Q4 25 | 79.2% | — | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 79.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率DOCULSTR
| Q1 26 | — | 4.5% | ||
| Q4 25 | 10.4% | 2.5% | ||
| Q3 25 | 8.1% | 2.2% | ||
| Q2 25 | 7.9% | 4.6% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | — | 5.6% |
净利率DOCULSTR
| Q1 26 | — | 3.4% | ||
| Q4 25 | 10.2% | 2.0% | ||
| Q3 25 | 7.9% | 1.6% | ||
| Q2 25 | 9.4% | 3.5% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 4.3% |
每股收益（稀释后）DOCULSTR
| Q1 26 | — | $1.16 | ||
| Q4 25 | $0.40 | $0.70 | ||
| Q3 25 | $0.30 | $0.56 | ||
| Q2 25 | $0.34 | $1.20 | ||
| Q1 25 | — | $0.85 | ||
| Q4 24 | — | $1.30 | ||
| Q3 24 | — | $1.41 | ||
| Q2 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 | $411.0M |
| 总债务越低越好 | — | $26.1M |
| 股东权益账面价值 | $2.0B | $799.0M |
| 总资产 | $4.0B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资DOCULSTR
| Q1 26 | — | $411.0M | ||
| Q4 25 | $583.3M | $452.2M | ||
| Q3 25 | $600.0M | $434.4M | ||
| Q2 25 | $657.4M | $426.2M | ||
| Q1 25 | — | $473.4M | ||
| Q4 24 | — | $566.6M | ||
| Q3 24 | — | $531.3M | ||
| Q2 24 | — | $504.0M |
总债务DOCULSTR
| Q1 26 | — | $26.1M | ||
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 |
股东权益DOCULSTR
| Q1 26 | — | $799.0M | ||
| Q4 25 | $2.0B | $795.7M | ||
| Q3 25 | $2.0B | $888.7M | ||
| Q2 25 | $2.0B | $921.8M | ||
| Q1 25 | — | $930.8M | ||
| Q4 24 | — | $972.4M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B |
总资产DOCULSTR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $4.0B | $1.6B | ||
| Q3 25 | $3.9B | $1.7B | ||
| Q2 25 | $3.9B | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.8B |
负债/权益比DOCULSTR
| Q1 26 | — | 0.03× | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $262.9M | — |
| 自由现金流率自由现金流/营收 | 32.1% | — |
| 资本支出强度资本支出/营收 | 3.3% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流DOCULSTR
| Q1 26 | — | — | ||
| Q4 25 | $290.3M | $72.7M | ||
| Q3 25 | $246.1M | $89.3M | ||
| Q2 25 | $251.4M | $7.1M | ||
| Q1 25 | — | $55.7M | ||
| Q4 24 | — | $61.1M | ||
| Q3 24 | — | $83.1M | ||
| Q2 24 | — | $48.1M |
自由现金流DOCULSTR
| Q1 26 | — | — | ||
| Q4 25 | $262.9M | $70.5M | ||
| Q3 25 | $217.6M | $86.0M | ||
| Q2 25 | $227.8M | $4.7M | ||
| Q1 25 | — | $53.8M | ||
| Q4 24 | — | $54.4M | ||
| Q3 24 | — | $75.6M | ||
| Q2 24 | — | $40.6M |
自由现金流率DOCULSTR
| Q1 26 | — | — | ||
| Q4 25 | 32.1% | 6.0% | ||
| Q3 25 | 27.2% | 7.1% | ||
| Q2 25 | 29.8% | 0.4% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 3.3% |
资本支出强度DOCULSTR
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | 0.2% | ||
| Q3 25 | 3.6% | 0.3% | ||
| Q2 25 | 3.1% | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.6% |
现金转化率DOCULSTR
| Q1 26 | — | — | ||
| Q4 25 | 3.47× | 3.04× | ||
| Q3 25 | 3.91× | 4.61× | ||
| Q2 25 | 3.49× | 0.17× | ||
| Q1 25 | — | 1.87× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | — | 1.66× | ||
| Q2 24 | — | 0.91× |
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% |
LSTR
暂无分部数据
