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DOCUSIGN, INC.（DOCU）与M/I HOMES, INC.（MHO）财务数据对比。点击上方公司名可切换其他公司
M/I HOMES, INC.的季度营收约是DOCUSIGN, INC.的1.4倍（$1.1B vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs 5.6%，领先4.7%），DOCUSIGN, INC.同比增速更快（8.4% vs -4.8%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-13.0M）
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。
M/I Homes是美国领先的住宅建筑企业，主要设计、建造及销售独栋住宅、联排住宅与复式公寓，业务覆盖美国多州，面向首次置业、改善型及高端置业群体，提供节能住宅产品与个性化定制服务。
DOCU vs MHO — 直观对比
营收规模更大
MHO
是对方的1.4倍
$818.4M
营收增速更快
DOCU
高出13.2%
-4.8%
净利率更高
DOCU
高出4.7%
5.6%
自由现金流更多
DOCU
多$275.9M
$-13.0M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.1B |
| 净利润 | $83.7M | $64.0M |
| 毛利率 | 79.2% | 17.4% |
| 营业利润率 | 10.4% | 6.5% |
| 净利率 | 10.2% | 5.6% |
| 营收同比 | 8.4% | -4.8% |
| 净利润同比 | 34.1% | -52.1% |
| 每股收益（稀释后） | $0.40 | $2.42 |
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DOCUMHO
| Q4 25 | $818.4M | $1.1B | ||
| Q3 25 | $800.6M | $1.1B | ||
| Q2 25 | $763.7M | $1.2B | ||
| Q1 25 | — | $976.1M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.0B |
净利润DOCUMHO
| Q4 25 | $83.7M | $64.0M | ||
| Q3 25 | $63.0M | $106.5M | ||
| Q2 25 | $72.1M | $121.2M | ||
| Q1 25 | — | $111.2M | ||
| Q4 24 | — | $133.5M | ||
| Q3 24 | — | $145.4M | ||
| Q2 24 | — | $146.7M | ||
| Q1 24 | — | $138.1M |
毛利率DOCUMHO
| Q4 25 | 79.2% | 17.4% | ||
| Q3 25 | 79.3% | 24.5% | ||
| Q2 25 | 79.4% | 24.7% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 27.9% | ||
| Q1 24 | — | 27.1% |
营业利润率DOCUMHO
| Q4 25 | 10.4% | 6.5% | ||
| Q3 25 | 8.1% | 12.0% | ||
| Q2 25 | 7.9% | 13.4% | ||
| Q1 25 | — | 14.4% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 16.8% | ||
| Q1 24 | — | 16.6% |
净利率DOCUMHO
| Q4 25 | 10.2% | 5.6% | ||
| Q3 25 | 7.9% | 9.4% | ||
| Q2 25 | 9.4% | 10.4% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 11.1% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 13.2% | ||
| Q1 24 | — | 13.2% |
每股收益（稀释后）DOCUMHO
| Q4 25 | $0.40 | $2.42 | ||
| Q3 25 | $0.30 | $3.92 | ||
| Q2 25 | $0.34 | $4.42 | ||
| Q1 25 | — | $3.98 | ||
| Q4 24 | — | $4.71 | ||
| Q3 24 | — | $5.10 | ||
| Q2 24 | — | $5.12 | ||
| Q1 24 | — | $4.78 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $3.2B |
| 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DOCUMHO
| Q4 25 | $583.3M | — | ||
| Q3 25 | $600.0M | — | ||
| Q2 25 | $657.4M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DOCUMHO
| Q4 25 | $2.0B | $3.2B | ||
| Q3 25 | $2.0B | $3.1B | ||
| Q2 25 | $2.0B | $3.1B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.6B |
总资产DOCUMHO
| Q4 25 | $4.0B | $4.8B | ||
| Q3 25 | $3.9B | $4.8B | ||
| Q2 25 | $3.9B | $4.7B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $4.3B | ||
| 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 | $-8.7M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $-13.0M |
| 自由现金流率自由现金流/营收 | 32.1% | -1.1% |
| 资本支出强度资本支出/营收 | 3.3% | 0.4% |
| 现金转化率经营现金流/净利润 | 3.47× | -0.14× |
| 过去12个月自由现金流最近4个季度 | — | $127.7M |
8季度趋势，按日历期对齐
经营现金流DOCUMHO
| Q4 25 | $290.3M | $-8.7M | ||
| Q3 25 | $246.1M | $43.4M | ||
| Q2 25 | $251.4M | $37.8M | ||
| Q1 25 | — | $64.9M | ||
| Q4 24 | — | $104.4M | ||
| Q3 24 | — | $-67.9M | ||
| Q2 24 | — | $27.5M | ||
| Q1 24 | — | $115.8M |
自由现金流DOCUMHO
| Q4 25 | $262.9M | $-13.0M | ||
| Q3 25 | $217.6M | $42.0M | ||
| Q2 25 | $227.8M | $35.1M | ||
| Q1 25 | — | $63.5M | ||
| Q4 24 | — | $102.3M | ||
| Q3 24 | — | $-68.5M | ||
| Q2 24 | — | $22.0M | ||
| Q1 24 | — | $115.5M |
自由现金流率DOCUMHO
| Q4 25 | 32.1% | -1.1% | ||
| Q3 25 | 27.2% | 3.7% | ||
| Q2 25 | 29.8% | 3.0% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 8.5% | ||
| Q3 24 | — | -6.0% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 11.0% |
资本支出强度DOCUMHO
| Q4 25 | 3.3% | 0.4% | ||
| Q3 25 | 3.6% | 0.1% | ||
| Q2 25 | 3.1% | 0.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.0% |
现金转化率DOCUMHO
| Q4 25 | 3.47× | -0.14× | ||
| Q3 25 | 3.91× | 0.41× | ||
| Q2 25 | 3.49× | 0.31× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | — | -0.47× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.84× |
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% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
