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DOCUSIGN, INC.（DOCU）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
美森的季度营收约是DOCUSIGN, INC.的1.0倍（$851.9M vs $818.4M），美森净利率更高（16.8% vs 10.2%，领先6.6%），DOCUSIGN, INC.同比增速更快（8.4% vs -4.3%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $42.2M）
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。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
DOCU vs MATX — 直观对比
营收规模更大
MATX
是对方的1.0倍
$818.4M
营收增速更快
DOCU
高出12.7%
-4.3%
净利率更高
MATX
高出6.6%
10.2%
自由现金流更多
DOCU
多$220.7M
$42.2M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $851.9M |
| 净利润 | $83.7M | $143.1M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | 16.9% |
| 净利率 | 10.2% | 16.8% |
| 营收同比 | 8.4% | -4.3% |
| 净利润同比 | 34.1% | 11.8% |
| 每股收益（稀释后） | $0.40 | $4.47 |
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DOCUMATX
| Q4 25 | $818.4M | $851.9M | ||
| Q3 25 | $800.6M | $880.1M | ||
| Q2 25 | $763.7M | $830.5M | ||
| Q1 25 | — | $782.0M | ||
| Q4 24 | — | $890.3M | ||
| Q3 24 | — | $962.0M | ||
| Q2 24 | — | $847.4M | ||
| Q1 24 | — | $722.1M |
净利润DOCUMATX
| Q4 25 | $83.7M | $143.1M | ||
| Q3 25 | $63.0M | $134.7M | ||
| Q2 25 | $72.1M | $94.7M | ||
| Q1 25 | — | $72.3M | ||
| Q4 24 | — | $128.0M | ||
| Q3 24 | — | $199.1M | ||
| Q2 24 | — | $113.2M | ||
| Q1 24 | — | $36.1M |
毛利率DOCUMATX
| Q4 25 | 79.2% | — | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 79.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率DOCUMATX
| Q4 25 | 10.4% | 16.9% | ||
| Q3 25 | 8.1% | 18.3% | ||
| Q2 25 | 7.9% | 13.6% | ||
| Q1 25 | — | 10.5% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | — | 14.7% | ||
| Q1 24 | — | 5.1% |
净利率DOCUMATX
| Q4 25 | 10.2% | 16.8% | ||
| Q3 25 | 7.9% | 15.3% | ||
| Q2 25 | 9.4% | 11.4% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | 14.4% | ||
| Q3 24 | — | 20.7% | ||
| Q2 24 | — | 13.4% | ||
| Q1 24 | — | 5.0% |
每股收益（稀释后）DOCUMATX
| Q4 25 | $0.40 | $4.47 | ||
| Q3 25 | $0.30 | $4.24 | ||
| Q2 25 | $0.34 | $2.92 | ||
| Q1 25 | — | $2.18 | ||
| Q4 24 | — | $3.69 | ||
| Q3 24 | — | $5.89 | ||
| Q2 24 | — | $3.31 | ||
| Q1 24 | — | $1.04 |
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 | $141.9M |
| 总债务越低越好 | — | $361.2M |
| 股东权益账面价值 | $2.0B | $2.8B |
| 总资产 | $4.0B | $4.6B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资DOCUMATX
| Q4 25 | $583.3M | $141.9M | ||
| Q3 25 | $600.0M | $92.7M | ||
| Q2 25 | $657.4M | $59.1M | ||
| Q1 25 | — | $122.0M | ||
| Q4 24 | — | $266.8M | ||
| Q3 24 | — | $270.3M | ||
| Q2 24 | — | $168.2M | ||
| Q1 24 | — | $25.9M |
总债务DOCUMATX
| Q4 25 | — | $361.2M | ||
| Q3 25 | — | $370.9M | ||
| Q2 25 | — | $341.3M | ||
| Q1 25 | — | $351.1M | ||
| Q4 24 | — | $361.2M | ||
| Q3 24 | — | $370.9M | ||
| Q2 24 | — | $381.0M | ||
| Q1 24 | — | $390.8M |
股东权益DOCUMATX
| Q4 25 | $2.0B | $2.8B | ||
| Q3 25 | $2.0B | $2.7B | ||
| Q2 25 | $2.0B | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
总资产DOCUMATX
| Q4 25 | $4.0B | $4.6B | ||
| Q3 25 | $3.9B | $4.6B | ||
| Q2 25 | $3.9B | $4.5B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.2B |
负债/权益比DOCUMATX
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $42.2M |
| 自由现金流率自由现金流/营收 | 32.1% | 5.0% |
| 资本支出强度资本支出/营收 | 3.3% | 15.8% |
| 现金转化率经营现金流/净利润 | 3.47× | 1.24× |
| 过去12个月自由现金流最近4个季度 | — | $153.7M |
8季度趋势，按日历期对齐
经营现金流DOCUMATX
| Q4 25 | $290.3M | $176.9M | ||
| Q3 25 | $246.1M | $175.6M | ||
| Q2 25 | $251.4M | $105.6M | ||
| Q1 25 | — | $89.0M | ||
| Q4 24 | — | $174.7M | ||
| Q3 24 | — | $248.6M | ||
| Q2 24 | — | $307.9M | ||
| Q1 24 | — | $36.6M |
自由现金流DOCUMATX
| Q4 25 | $262.9M | $42.2M | ||
| Q3 25 | $217.6M | $92.4M | ||
| Q2 25 | $227.8M | $19.3M | ||
| Q1 25 | — | $-200.0K | ||
| Q4 24 | — | $49.3M | ||
| Q3 24 | — | $189.0M | ||
| Q2 24 | — | $238.1M | ||
| Q1 24 | — | $-18.7M |
自由现金流率DOCUMATX
| Q4 25 | 32.1% | 5.0% | ||
| Q3 25 | 27.2% | 10.5% | ||
| Q2 25 | 29.8% | 2.3% | ||
| Q1 25 | — | -0.0% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | 19.6% | ||
| Q2 24 | — | 28.1% | ||
| Q1 24 | — | -2.6% |
资本支出强度DOCUMATX
| Q4 25 | 3.3% | 15.8% | ||
| Q3 25 | 3.6% | 9.5% | ||
| Q2 25 | 3.1% | 10.4% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 14.1% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 8.2% | ||
| Q1 24 | — | 7.7% |
现金转化率DOCUMATX
| Q4 25 | 3.47× | 1.24× | ||
| Q3 25 | 3.91× | 1.30× | ||
| Q2 25 | 3.49× | 1.12× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | — | 1.36× | ||
| Q3 24 | — | 1.25× | ||
| Q2 24 | — | 2.72× | ||
| Q1 24 | — | 1.01× |
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% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
