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DOCUSIGN, INC.（DOCU）与MYR GROUP INC.（MYRG）财务数据对比。点击上方公司名可切换其他公司
MYR GROUP INC.的季度营收约是DOCUSIGN, INC.的1.2倍（$973.5M vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs 3.8%，领先6.5%），MYR GROUP INC.同比增速更快（17.3% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $84.9M）
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。
MYR集团是美国知名电气建设服务提供商，业务覆盖输配电线路、变电站、工商业建筑及可再生能源领域的电气施工，旗下拥有12家电气建设子公司，在北美电力基建赛道拥有深厚的技术积累与项目交付能力。
DOCU vs MYRG — 直观对比
营收规模更大
MYRG
是对方的1.2倍
$818.4M
营收增速更快
MYRG
高出8.9%
8.4%
净利率更高
DOCU
高出6.5%
3.8%
自由现金流更多
DOCU
多$178.0M
$84.9M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $973.5M |
| 净利润 | $83.7M | $36.5M |
| 毛利率 | 79.2% | 11.4% |
| 营业利润率 | 10.4% | 4.8% |
| 净利率 | 10.2% | 3.8% |
| 营收同比 | 8.4% | 17.3% |
| 净利润同比 | 34.1% | 129.1% |
| 每股收益（稀释后） | $0.40 | $2.33 |
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DOCUMYRG
| Q4 25 | $818.4M | $973.5M | ||
| Q3 25 | $800.6M | $950.4M | ||
| Q2 25 | $763.7M | $900.3M | ||
| Q1 25 | — | $833.6M | ||
| Q4 24 | — | $829.8M | ||
| Q3 24 | — | $888.0M | ||
| Q2 24 | — | $828.9M | ||
| Q1 24 | — | $815.6M |
净利润DOCUMYRG
| Q4 25 | $83.7M | $36.5M | ||
| Q3 25 | $63.0M | $32.1M | ||
| Q2 25 | $72.1M | $26.5M | ||
| Q1 25 | — | $23.3M | ||
| Q4 24 | — | $16.0M | ||
| Q3 24 | — | $10.6M | ||
| Q2 24 | — | $-15.3M | ||
| Q1 24 | — | $18.9M |
毛利率DOCUMYRG
| Q4 25 | 79.2% | 11.4% | ||
| Q3 25 | 79.3% | 11.8% | ||
| Q2 25 | 79.4% | 11.5% | ||
| Q1 25 | — | 11.6% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | 4.9% | ||
| Q1 24 | — | 10.6% |
营业利润率DOCUMYRG
| Q4 25 | 10.4% | 4.8% | ||
| Q3 25 | 8.1% | 4.9% | ||
| Q2 25 | 7.9% | 4.4% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | -2.5% | ||
| Q1 24 | — | 3.0% |
净利率DOCUMYRG
| Q4 25 | 10.2% | 3.8% | ||
| Q3 25 | 7.9% | 3.4% | ||
| Q2 25 | 9.4% | 2.9% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | -1.8% | ||
| Q1 24 | — | 2.3% |
每股收益（稀释后）DOCUMYRG
| Q4 25 | $0.40 | $2.33 | ||
| Q3 25 | $0.30 | $2.05 | ||
| Q2 25 | $0.34 | $1.70 | ||
| Q1 25 | — | $1.45 | ||
| Q4 24 | — | $0.97 | ||
| Q3 24 | — | $0.65 | ||
| Q2 24 | — | $-0.91 | ||
| Q1 24 | — | $1.12 |
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 | $150.2M |
| 总债务越低越好 | — | $59.0M |
| 股东权益账面价值 | $2.0B | $660.4M |
| 总资产 | $4.0B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资DOCUMYRG
| Q4 25 | $583.3M | $150.2M | ||
| Q3 25 | $600.0M | $76.2M | ||
| Q2 25 | $657.4M | $23.0M | ||
| Q1 25 | — | $10.9M | ||
| Q4 24 | — | $3.5M | ||
| Q3 24 | — | $7.6M | ||
| Q2 24 | — | $1.9M | ||
| Q1 24 | — | $3.9M |
总债务DOCUMYRG
| Q4 25 | — | $59.0M | ||
| Q3 25 | — | $72.0M | ||
| Q2 25 | — | $86.1M | ||
| Q1 25 | — | $87.2M | ||
| Q4 24 | — | $74.4M | ||
| Q3 24 | — | $93.2M | ||
| Q2 24 | — | $45.1M | ||
| Q1 24 | — | $37.9M |
股东权益DOCUMYRG
| Q4 25 | $2.0B | $660.4M | ||
| Q3 25 | $2.0B | $617.6M | ||
| Q2 25 | $2.0B | $583.2M | ||
| Q1 25 | — | $548.7M | ||
| Q4 24 | — | $600.4M | ||
| Q3 24 | — | $588.5M | ||
| Q2 24 | — | $633.3M | ||
| Q1 24 | — | $663.7M |
总资产DOCUMYRG
| Q4 25 | $4.0B | $1.6B | ||
| Q3 25 | $3.9B | $1.6B | ||
| Q2 25 | $3.9B | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.6B |
负债/权益比DOCUMYRG
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.12× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.06× |
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 | $114.8M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $84.9M |
| 自由现金流率自由现金流/营收 | 32.1% | 8.7% |
| 资本支出强度资本支出/营收 | 3.3% | 3.1% |
| 现金转化率经营现金流/净利润 | 3.47× | 3.14× |
| 过去12个月自由现金流最近4个季度 | — | $232.2M |
8季度趋势，按日历期对齐
经营现金流DOCUMYRG
| Q4 25 | $290.3M | $114.8M | ||
| Q3 25 | $246.1M | $95.6M | ||
| Q2 25 | $251.4M | $32.9M | ||
| Q1 25 | — | $83.3M | ||
| Q4 24 | — | $21.1M | ||
| Q3 24 | — | $35.6M | ||
| Q2 24 | — | $22.7M | ||
| Q1 24 | — | $7.7M |
自由现金流DOCUMYRG
| Q4 25 | $262.9M | $84.9M | ||
| Q3 25 | $217.6M | $65.4M | ||
| Q2 25 | $227.8M | $11.6M | ||
| Q1 25 | — | $70.2M | ||
| Q4 24 | — | $8.8M | ||
| Q3 24 | — | $18.0M | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $-18.1M |
自由现金流率DOCUMYRG
| Q4 25 | 32.1% | 8.7% | ||
| Q3 25 | 27.2% | 6.9% | ||
| Q2 25 | 29.8% | 1.3% | ||
| Q1 25 | — | 8.4% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | -2.2% |
资本支出强度DOCUMYRG
| Q4 25 | 3.3% | 3.1% | ||
| Q3 25 | 3.6% | 3.2% | ||
| Q2 25 | 3.1% | 2.4% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.2% |
现金转化率DOCUMYRG
| Q4 25 | 3.47× | 3.14× | ||
| Q3 25 | 3.91× | 2.98× | ||
| Q2 25 | 3.49× | 1.24× | ||
| Q1 25 | — | 3.57× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | — | 3.35× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.41× |
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% |
MYRG
| Market Type Electrical Construction | $442.6M | 45% |
| Market Type Transmission | $330.3M | 34% |
| Market Type Distribution | $200.6M | 21% |
