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DOCUSIGN, INC.（DOCU）与玛斯特锁（MBC）财务数据对比。点击上方公司名可切换其他公司
DOCUSIGN, INC.的季度营收约是玛斯特锁的1.3倍（$818.4M vs $618.0M），DOCUSIGN, INC.同比增速更快（8.4% vs -6.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-146.2M）
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。
玛斯特锁是美国知名安防产品供应商，1921年由锁匠发明家哈里·索雷夫创立，总部位于威斯康星州奥克里克，主营挂锁、密码锁、保险箱及相关安防产品，现为富俊创新集团旗下子公司，在全球安防锁具领域拥有较高的市场认可度。
DOCU vs MBC — 直观对比
营收规模更大
DOCU
是对方的1.3倍
$618.0M
营收增速更快
DOCU
高出14.8%
-6.4%
自由现金流更多
DOCU
多$409.1M
$-146.2M
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $618.0M |
| 净利润 | $83.7M | — |
| 毛利率 | 79.2% | 25.3% |
| 营业利润率 | 10.4% | — |
| 净利率 | 10.2% | — |
| 营收同比 | 8.4% | -6.4% |
| 净利润同比 | 34.1% | — |
| 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DOCUMBC
| Q1 26 | — | $618.0M | ||
| Q4 25 | $818.4M | $644.6M | ||
| Q3 25 | $800.6M | $698.9M | ||
| Q2 25 | $763.7M | $730.9M | ||
| Q1 25 | — | $660.3M | ||
| Q4 24 | — | $667.7M | ||
| Q3 24 | — | $718.1M | ||
| Q2 24 | — | $676.5M |
净利润DOCUMBC
| Q1 26 | — | — | ||
| Q4 25 | $83.7M | $-42.0M | ||
| Q3 25 | $63.0M | $18.1M | ||
| Q2 25 | $72.1M | $37.3M | ||
| Q1 25 | — | $13.3M | ||
| Q4 24 | — | $14.0M | ||
| Q3 24 | — | $29.1M | ||
| Q2 24 | — | $45.3M |
毛利率DOCUMBC
| Q1 26 | — | 25.3% | ||
| Q4 25 | 79.2% | 26.0% | ||
| Q3 25 | 79.3% | 31.2% | ||
| Q2 25 | 79.4% | 32.8% | ||
| Q1 25 | — | 30.6% | ||
| Q4 24 | — | 30.4% | ||
| Q3 24 | — | 33.1% | ||
| Q2 24 | — | 34.1% |
营业利润率DOCUMBC
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | -4.2% | ||
| Q3 25 | 8.1% | 6.0% | ||
| Q2 25 | 7.9% | 9.2% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | 11.5% |
净利率DOCUMBC
| Q1 26 | — | — | ||
| Q4 25 | 10.2% | -6.5% | ||
| Q3 25 | 7.9% | 2.6% | ||
| Q2 25 | 9.4% | 5.1% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 6.7% |
每股收益（稀释后）DOCUMBC
| Q1 26 | — | $-0.12 | ||
| Q4 25 | $0.40 | $-0.32 | ||
| Q3 25 | $0.30 | $0.14 | ||
| Q2 25 | $0.34 | $0.29 | ||
| Q1 25 | — | $0.10 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | — | $0.22 | ||
| Q2 24 | — | $0.35 |
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 | $138.4M |
| 总债务越低越好 | — | $1.1B |
| 股东权益账面价值 | $2.0B | $1.3B |
| 总资产 | $4.0B | $3.1B |
| 负债/权益比越低杠杆越低 | — | 0.82× |
8季度趋势，按日历期对齐
现金及短期投资DOCUMBC
| Q1 26 | — | $138.4M | ||
| Q4 25 | $583.3M | $183.3M | ||
| Q3 25 | $600.0M | $114.8M | ||
| Q2 25 | $657.4M | $120.1M | ||
| Q1 25 | — | $113.5M | ||
| Q4 24 | — | $120.6M | ||
| Q3 24 | — | $108.4M | ||
| Q2 24 | — | $189.4M |
总债务DOCUMBC
| Q1 26 | — | $1.1B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | — |
股东权益DOCUMBC
| Q1 26 | — | $1.3B | ||
| Q4 25 | $2.0B | $1.3B | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B |
总资产DOCUMBC
| Q1 26 | — | $3.1B | ||
| Q4 25 | $4.0B | $3.1B | ||
| Q3 25 | $3.9B | $3.0B | ||
| Q2 25 | $3.9B | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | — | $2.4B |
负债/权益比DOCUMBC
| Q1 26 | — | 0.82× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.79× | ||
| Q3 24 | — | 0.83× | ||
| Q2 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 | $-133.0M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $-146.2M |
| 自由现金流率自由现金流/营收 | 32.1% | -23.7% |
| 资本支出强度资本支出/营收 | 3.3% | 2.1% |
| 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 | — | $12.5M |
8季度趋势，按日历期对齐
经营现金流DOCUMBC
| Q1 26 | — | $-133.0M | ||
| Q4 25 | $290.3M | $86.9M | ||
| Q3 25 | $246.1M | $55.4M | ||
| Q2 25 | $251.4M | $84.8M | ||
| Q1 25 | — | $-31.4M | ||
| Q4 24 | — | $115.1M | ||
| Q3 24 | — | $80.8M | ||
| Q2 24 | — | $77.4M |
自由现金流DOCUMBC
| Q1 26 | — | $-146.2M | ||
| Q4 25 | $262.9M | $52.5M | ||
| Q3 25 | $217.6M | $39.5M | ||
| Q2 25 | $227.8M | $66.7M | ||
| Q1 25 | — | $-41.2M | ||
| Q4 24 | — | $68.8M | ||
| Q3 24 | — | $64.5M | ||
| Q2 24 | — | $66.1M |
自由现金流率DOCUMBC
| Q1 26 | — | -23.7% | ||
| Q4 25 | 32.1% | 8.1% | ||
| Q3 25 | 27.2% | 5.7% | ||
| Q2 25 | 29.8% | 9.1% | ||
| Q1 25 | — | -6.2% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | — | 9.0% | ||
| Q2 24 | — | 9.8% |
资本支出强度DOCUMBC
| Q1 26 | — | 2.1% | ||
| Q4 25 | 3.3% | 5.3% | ||
| Q3 25 | 3.6% | 2.3% | ||
| Q2 25 | 3.1% | 2.5% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 1.7% |
现金转化率DOCUMBC
| Q1 26 | — | — | ||
| Q4 25 | 3.47× | — | ||
| Q3 25 | 3.91× | 3.06× | ||
| Q2 25 | 3.49× | 2.27× | ||
| Q1 25 | — | -2.36× | ||
| Q4 24 | — | 8.22× | ||
| Q3 24 | — | 2.78× | ||
| Q2 24 | — | 1.71× |
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% |
MBC
暂无分部数据
