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DOCUSIGN, INC.（DOCU）与Martin Marietta Materials（MLM）财务数据对比。点击上方公司名可切换其他公司
Martin Marietta Materials的季度营收约是DOCUSIGN, INC.的1.4倍（$1.1B vs $818.4M），Martin Marietta Materials净利率更高（24.5% vs 10.2%，领先14.2%），DOCUSIGN, INC.同比增速更快（8.4% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $262.9M）
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。
马丁·玛丽埃塔材料公司是美国大型集料及重型建筑材料供应商，业务覆盖美国26个州、加拿大及加勒比地区，主要为道路、人行道、地基等各类基建项目提供所需原材料。
DOCU vs MLM — 直观对比
营收规模更大
MLM
是对方的1.4倍
$818.4M
营收增速更快
DOCU
高出38.6%
-30.1%
净利率更高
MLM
高出14.2%
10.2%
自由现金流更多
MLM
多$161.1M
$262.9M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.1B |
| 净利润 | $83.7M | $279.0M |
| 毛利率 | 79.2% | 35.0% |
| 营业利润率 | 10.4% | 24.6% |
| 净利率 | 10.2% | 24.5% |
| 营收同比 | 8.4% | -30.1% |
| 净利润同比 | 34.1% | -4.8% |
| 每股收益（稀释后） | $0.40 | $4.59 |
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DOCUMLM
| Q4 25 | $818.4M | $1.1B | ||
| Q3 25 | $800.6M | $1.8B | ||
| Q2 25 | $763.7M | $1.8B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $1.3B |
净利润DOCUMLM
| Q4 25 | $83.7M | $279.0M | ||
| Q3 25 | $63.0M | $414.0M | ||
| Q2 25 | $72.1M | $328.0M | ||
| Q1 25 | — | $116.0M | ||
| Q4 24 | — | $293.0M | ||
| Q3 24 | — | $363.0M | ||
| Q2 24 | — | $294.0M | ||
| Q1 24 | — | $1.0B |
毛利率DOCUMLM
| Q4 25 | 79.2% | 35.0% | ||
| Q3 25 | 79.3% | 33.1% | ||
| Q2 25 | 79.4% | 30.0% | ||
| Q1 25 | — | 24.8% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 31.7% | ||
| Q2 24 | — | 29.3% | ||
| Q1 24 | — | 21.7% |
营业利润率DOCUMLM
| Q4 25 | 10.4% | 24.6% | ||
| Q3 25 | 8.1% | 27.4% | ||
| Q2 25 | 7.9% | 25.3% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | — | 24.4% | ||
| Q3 24 | — | 25.9% | ||
| Q2 24 | — | 22.6% | ||
| Q1 24 | — | — |
净利率DOCUMLM
| Q4 25 | 10.2% | 24.5% | ||
| Q3 25 | 7.9% | 22.4% | ||
| Q2 25 | 9.4% | 18.1% | ||
| Q1 25 | — | 8.6% | ||
| Q4 24 | — | 18.0% | ||
| Q3 24 | — | 19.2% | ||
| Q2 24 | — | 16.7% | ||
| Q1 24 | — | 83.5% |
每股收益（稀释后）DOCUMLM
| Q4 25 | $0.40 | $4.59 | ||
| Q3 25 | $0.30 | $6.85 | ||
| Q2 25 | $0.34 | $5.43 | ||
| Q1 25 | — | $1.90 | ||
| Q4 24 | — | $4.87 | ||
| Q3 24 | — | $5.91 | ||
| Q2 24 | — | $4.76 | ||
| Q1 24 | — | $16.87 |
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 | $67.0M |
| 总债务越低越好 | — | $5.3B |
| 股东权益账面价值 | $2.0B | $10.0B |
| 总资产 | $4.0B | $18.7B |
| 负债/权益比越低杠杆越低 | — | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资DOCUMLM
| Q4 25 | $583.3M | $67.0M | ||
| Q3 25 | $600.0M | $57.0M | ||
| Q2 25 | $657.4M | $225.0M | ||
| Q1 25 | — | $101.0M | ||
| Q4 24 | — | $670.0M | ||
| Q3 24 | — | $52.0M | ||
| Q2 24 | — | $109.0M | ||
| Q1 24 | — | $2.6B |
总债务DOCUMLM
| Q4 25 | — | $5.3B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
股东权益DOCUMLM
| Q4 25 | $2.0B | $10.0B | ||
| Q3 25 | $2.0B | $9.7B | ||
| Q2 25 | $2.0B | $9.4B | ||
| Q1 25 | — | $9.1B | ||
| Q4 24 | — | $9.5B | ||
| Q3 24 | — | $9.2B | ||
| Q2 24 | — | $8.8B | ||
| Q1 24 | — | $8.9B |
总资产DOCUMLM
| Q4 25 | $4.0B | $18.7B | ||
| Q3 25 | $3.9B | $18.7B | ||
| Q2 25 | $3.9B | $18.1B | ||
| Q1 25 | — | $17.7B | ||
| Q4 24 | — | $18.2B | ||
| Q3 24 | — | $16.5B | ||
| Q2 24 | — | $16.3B | ||
| Q1 24 | — | $16.2B |
负债/权益比DOCUMLM
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.58× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.57× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.49× | ||
| Q1 24 | — | 0.49× |
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 | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $424.0M |
| 自由现金流率自由现金流/营收 | 32.1% | 37.2% |
| 资本支出强度资本支出/营收 | 3.3% | 18.0% |
| 现金转化率经营现金流/净利润 | 3.47× | 2.25× |
| 过去12个月自由现金流最近4个季度 | — | $978.0M |
8季度趋势，按日历期对齐
经营现金流DOCUMLM
| Q4 25 | $290.3M | $629.0M | ||
| Q3 25 | $246.1M | $551.0M | ||
| Q2 25 | $251.4M | $387.0M | ||
| Q1 25 | — | $218.0M | ||
| Q4 24 | — | $686.0M | ||
| Q3 24 | — | $600.0M | ||
| Q2 24 | — | $1.0M | ||
| Q1 24 | — | $172.0M |
自由现金流DOCUMLM
| Q4 25 | $262.9M | $424.0M | ||
| Q3 25 | $217.6M | $361.0M | ||
| Q2 25 | $227.8M | $208.0M | ||
| Q1 25 | — | $-15.0M | ||
| Q4 24 | — | $453.0M | ||
| Q3 24 | — | $317.0M | ||
| Q2 24 | — | $-138.0M | ||
| Q1 24 | — | $-28.0M |
自由现金流率DOCUMLM
| Q4 25 | 32.1% | 37.2% | ||
| Q3 25 | 27.2% | 19.6% | ||
| Q2 25 | 29.8% | 11.5% | ||
| Q1 25 | — | -1.1% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | -7.8% | ||
| Q1 24 | — | -2.2% |
资本支出强度DOCUMLM
| Q4 25 | 3.3% | 18.0% | ||
| Q3 25 | 3.6% | 10.3% | ||
| Q2 25 | 3.1% | 9.9% | ||
| Q1 25 | — | 17.2% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | — | 7.9% | ||
| Q1 24 | — | 16.0% |
现金转化率DOCUMLM
| Q4 25 | 3.47× | 2.25× | ||
| Q3 25 | 3.91× | 1.33× | ||
| Q2 25 | 3.49× | 1.18× | ||
| Q1 25 | — | 1.88× | ||
| Q4 24 | — | 2.34× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.16× |
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% |
MLM
| Building Materials Business East Group | $774.0M | 68% |
| Building Materials Business West Group | $233.0M | 20% |
| Services | $88.0M | 8% |
| Other | $45.0M | 4% |
