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DOCUSIGN, INC.（DOCU）与NCR Atleos Corp（NATL）财务数据对比。点击上方公司名可切换其他公司
NCR Atleos Corp的季度营收约是DOCUSIGN, INC.的1.4倍（$1.2B vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs 7.2%，领先3.0%），DOCUSIGN, INC.同比增速更快（8.4% vs 4.0%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $194.0M）
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。
NCR Atleos Corp 前身为NCR公司（National Cash Register），是全球知名的软件、咨询与技术企业，提供多元专业服务与电子产品，业务覆盖自助服务 kiosk、销售点终端、自动柜员机、支票处理系统、条码扫描器等商用软硬件的研发与生产，服务全球各行业客户的数字化运营需求。
DOCU vs NATL — 直观对比
营收规模更大
NATL
是对方的1.4倍
$818.4M
营收增速更快
DOCU
高出4.4%
4.0%
净利率更高
DOCU
高出3.0%
7.2%
自由现金流更多
DOCU
多$68.9M
$194.0M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.2B |
| 净利润 | $83.7M | $83.0M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | 13.5% |
| 净利率 | 10.2% | 7.2% |
| 营收同比 | 8.4% | 4.0% |
| 净利润同比 | 34.1% | 102.4% |
| 每股收益（稀释后） | $0.40 | $1.09 |
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DOCUNATL
| Q4 25 | $818.4M | $1.2B | ||
| Q3 25 | $800.6M | $1.1B | ||
| Q2 25 | $763.7M | $1.1B | ||
| Q1 25 | — | $979.0M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.0B |
净利润DOCUNATL
| Q4 25 | $83.7M | $83.0M | ||
| Q3 25 | $63.0M | $26.0M | ||
| Q2 25 | $72.1M | $39.0M | ||
| Q1 25 | — | $14.0M | ||
| Q4 24 | — | $41.0M | ||
| Q3 24 | — | $21.0M | ||
| Q2 24 | — | $27.0M | ||
| Q1 24 | — | $-9.0M |
毛利率DOCUNATL
| 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DOCUNATL
| Q4 25 | 10.4% | 13.5% | ||
| Q3 25 | 8.1% | 9.8% | ||
| Q2 25 | 7.9% | 10.8% | ||
| Q1 25 | — | 9.5% | ||
| Q4 24 | — | 13.4% | ||
| Q3 24 | — | 10.6% | ||
| Q2 24 | — | 9.8% | ||
| Q1 24 | — | 6.5% |
净利率DOCUNATL
| Q4 25 | 10.2% | 7.2% | ||
| Q3 25 | 7.9% | 2.3% | ||
| Q2 25 | 9.4% | 3.5% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | -0.9% |
每股收益（稀释后）DOCUNATL
| Q4 25 | $0.40 | $1.09 | ||
| Q3 25 | $0.30 | $0.34 | ||
| Q2 25 | $0.34 | $0.52 | ||
| Q1 25 | — | $0.19 | ||
| Q4 24 | — | $0.56 | ||
| Q3 24 | — | $0.28 | ||
| Q2 24 | — | $0.37 | ||
| Q1 24 | — | $-0.13 |
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 | $456.0M |
| 总债务越低越好 | — | $2.7B |
| 股东权益账面价值 | $2.0B | $403.0M |
| 总资产 | $4.0B | $5.7B |
| 负债/权益比越低杠杆越低 | — | 6.63× |
8季度趋势，按日历期对齐
现金及短期投资DOCUNATL
| Q4 25 | $583.3M | $456.0M | ||
| Q3 25 | $600.0M | $412.0M | ||
| Q2 25 | $657.4M | $357.0M | ||
| Q1 25 | — | $352.0M | ||
| Q4 24 | — | $419.0M | ||
| Q3 24 | — | $395.0M | ||
| Q2 24 | — | $374.0M | ||
| Q1 24 | — | $343.0M |
总债务DOCUNATL
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DOCUNATL
| Q4 25 | $2.0B | $403.0M | ||
| Q3 25 | $2.0B | $330.0M | ||
| Q2 25 | $2.0B | $350.0M | ||
| Q1 25 | — | $275.0M | ||
| Q4 24 | — | $219.0M | ||
| Q3 24 | — | $264.0M | ||
| Q2 24 | — | $250.0M | ||
| Q1 24 | — | $283.0M |
总资产DOCUNATL
| Q4 25 | $4.0B | $5.7B | ||
| Q3 25 | $3.9B | $5.7B | ||
| Q2 25 | $3.9B | $5.8B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | $5.7B | ||
| Q2 24 | — | $5.8B | ||
| Q1 24 | — | $5.8B |
负债/权益比DOCUNATL
| Q4 25 | — | 6.63× | ||
| Q3 25 | — | 8.45× | ||
| Q2 25 | — | 8.05× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 13.05× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $231.0M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $194.0M |
| 自由现金流率自由现金流/营收 | 32.1% | 16.8% |
| 资本支出强度资本支出/营收 | 3.3% | 3.2% |
| 现金转化率经营现金流/净利润 | 3.47× | 2.78× |
| 过去12个月自由现金流最近4个季度 | — | $239.0M |
8季度趋势，按日历期对齐
经营现金流DOCUNATL
| Q4 25 | $290.3M | $231.0M | ||
| Q3 25 | $246.1M | $25.0M | ||
| Q2 25 | $251.4M | $-23.0M | ||
| Q1 25 | — | $123.0M | ||
| Q4 24 | — | $80.0M | ||
| Q3 24 | — | $107.0M | ||
| Q2 24 | — | $9.0M | ||
| Q1 24 | — | $148.0M |
自由现金流DOCUNATL
| Q4 25 | $262.9M | $194.0M | ||
| Q3 25 | $217.6M | $-5.0M | ||
| Q2 25 | $227.8M | $-44.0M | ||
| Q1 25 | — | $94.0M | ||
| Q4 24 | — | $62.0M | ||
| Q3 24 | — | $85.0M | ||
| Q2 24 | — | $-14.0M | ||
| Q1 24 | — | $124.0M |
自由现金流率DOCUNATL
| Q4 25 | 32.1% | 16.8% | ||
| Q3 25 | 27.2% | -0.4% | ||
| Q2 25 | 29.8% | -4.0% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | -1.3% | ||
| Q1 24 | — | 11.9% |
资本支出强度DOCUNATL
| Q4 25 | 3.3% | 3.2% | ||
| Q3 25 | 3.6% | 2.7% | ||
| Q2 25 | 3.1% | 1.9% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | 2.3% |
现金转化率DOCUNATL
| Q4 25 | 3.47× | 2.78× | ||
| Q3 25 | 3.91× | 0.96× | ||
| Q2 25 | 3.49× | -0.59× | ||
| Q1 25 | — | 8.79× | ||
| Q4 24 | — | 1.95× | ||
| Q3 24 | — | 5.10× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | — |
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% |
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
